What Is NAV in Mutual Funds? (And Why a Low NAV Isn't 'Cheap')

NAV (Net Asset Value) is the price of one unit of a mutual fund. It's calculated once a day after markets close: total assets minus expenses, divided by the number of units.

The big myth "Fund A has NAV ₹15 and Fund B has NAV ₹150 — A is cheaper!" Wrong. NAV is just a per-unit price. What matters is the percentage the fund grows, not the starting number.

If both funds rise 10%, ₹15 becomes ₹16.50 and ₹150 becomes ₹165 — the same 10% return on your money. A low NAV simply means the fund is newer or has split its units.

What actually matters - The fund's returns and consistency. - Its risk (volatility, drawdown). - Its cost (expense ratio).

Judge a fund by those — see them all, plus a 0–100 FundScore, on every fund page. NAVs on MF Scanner update daily from AMFI.