How Relevant is Mirae Asset Mutual Fund Nav to Investors? This is the price at which investors buy or sell units of Mirae mutual fund scheme. So obviously, it is highly relevant because it indicates the number of fund units an investor will receive. But some investors often mistake NAV for the share price. They think both work the same way. New investors think that they have got a good deal when they buy fund units at lower NAV. But this doesn’t make sense. It makes sense in the case of stocks as you get a bargain deal there. It is hard to judge whether a fund is expensive or cheap by its NAV; or its performance also. However, if a particular Mirae fund is consistently performing well, then the NAV can be used as an indicator to gauge the fund’s performance. if you want to judge the return of mutual fund scheme, do it by the return it has provided over the years rather than judging it by its NAV. What Constitutes Mirae Asset Mutual Fund NAV? There are three things that precisely constitute the Mirae Asset Mutual Fund NAV the assets held by the fund, outstanding liabilities and the number of outstanding shares. Total assets owned by the scheme are the market value of securities that the fund has its money invested in. Following up is the liabilities accrued by the fund, which includes expense ratio. Finally, the denominator which is the total number of outstanding shares. How is Mirae Asset Mutual Fund NAV Calculation Done? Calculation of Mirae Asset Mutual Fund NAV is very simple and easy to do. Infact, you can try it once you’re done reading this article. Mirae Asset calculates the NAV of the scheme by dividing the total net assets of the fund by the total number of outstanding units. To determine the total net assets, Mirae Asset subtracts any liabilities from the fund’s total assets. Let’s break it down into a formula for your understanding. NAV = (Total Assets - Any Liabilities) / Total Number of Outstanding Shares Let’s take for example, the market value of securities held by the fund is INR 900 lakh and the mutual fund issues 20 lakh units of INR 10 each. Then, Mirae Asset Mutual Fund NAV will be INR 45. Is it Possible for One to Invest in through Mirae Asset Mutual Fund SIP route? If you have enough savings and wish to invest in mutual funds, do so by the lump sum way. On the contrary, if you don’t have savings, take the Mirae Asset Mutual Fund SIP
route to invest in Mirae mutual funds. Now you can invest in Mirae Mutual Fund via online. To invest through the Direct Plan, where you don’t get any professional advice, do so by visiting Mirae mutual fund website. If you want to take the Regular Plan route, you can do so by visiting the websites of some of the financial technology companies. By choosing to invest through the Mirae Asset Mutual Fund SIP way, you can take advantage of rupee cost averaging. This means that during market lows your SIP will help you purchase more units. When the market picks up, the value of these units are bring you crazy profits. Disclaimer: Mutual Fund Investments are subject to market risks, kindly read all scheme related documents carefully before investing.