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What is the Net Asset Value (NAV) of a Mutual Fund Scheme?

 What is the Net Asset Value (NAV) of a scheme?

A. It is the market value of the assets of the scheme minus its liabilities. The per-unit NAV is the net asset value of the scheme divided by the number of units outstanding on any particular date.
In order to calculate the NAV of a mutual fund, you need to take the current market value of the fund's net assets (securities held by the fund minus the liabilities, if any) and divide it by the number of shares outstanding. The formula for NAV is:



For instance, if schemes' assets by the end of a trading day at Rs. 1,00,000, the liabilities and expanses stand at Rs. 20,000 and the number of units outstanding is 4000, then the NAV would be: 20.

 

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Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

 

1.       ICICI Prudential Tax Plan

2.       Reliance Tax Saver (ELSS) Fund

3.       HDFC TaxSaver

4.       DSP BlackRock Tax Saver Fund

5.       Religare Tax Plan

6.       Franklin India TaxShield

7.       Canara Robeco Equity Tax Saver

8.       IDFC Tax Advantage (ELSS) Fund

9.       Axis Tax Saver Fund

10.    BNP Paribas Long Term Equity Fund

 

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

 

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