Aditya Birla Mutual Fund is one of India’s leading asset management companies, offering a range of mutual fund schemes across equity, debt, and hybrid categories. While mutual funds do not have “share prices” like stocks, they do have a daily value known as the Net Asset Value (NAV). In this article, we’ll discuss how the NAV of Aditya Birla Mutual Funds works, how it impacts your investments, and where to find the latest NAV updates for various Aditya Birla schemes.
Overview
Mutual fund NAV (Net Asset Value) represents the per-unit value of a mutual fund. Unlike stocks, mutual funds do not have a market-driven share price, but they calculate an NAV based on the fund’s total assets and liabilities.
What is NAV?
NAV stands for Net Asset Value, and it reflects the per-unit price of a mutual fund. NAV is calculated at the end of each trading day by adding up the fund’s assets, subtracting its liabilities, and dividing by the total number of outstanding units.
Formula:
NAV= Total Number of Units Total Assets – Total LiabilitiesExample
If a mutual fund has ₹10,000,000 in assets and ₹200,000 in liabilities with 100,000 units, the NAV per unit would be:
[ \text{NAV} = \frac{10,000,000 – 200,000}{100,000} = ₹98 ]How NAV Affects Mutual Fund Investments
NAV determines the value of your mutual fund investments but not the performance or growth potential. Here’s how NAV works in terms of investment:
- Buying and Selling Units: When you invest in a mutual fund, the NAV at that day’s close determines the number of units you’ll receive.
- Investment Growth: NAV changes daily based on market conditions and the fund’s holdings, influencing the value of your investment.
Key Points:
- Higher NAV doesn’t mean a better-performing fund; it simply reflects the current value of one unit.
- Growth and Dividends: Growth in NAV or dividend payouts will affect the total returns from your fund investment.
Types of Aditya Birla Mutual Funds
Aditya Birla offers various mutual fund categories, each with a unique NAV calculated daily. Here are the main types:
- Equity Funds: Primarily invest in stocks, suitable for long-term growth.
- Debt Funds: Focus on fixed-income securities like bonds, offering stability with lower risk.
- Hybrid Funds: Combine equity and debt, balancing risk and reward.
- ELSS (Tax-Saving Funds): Equity-linked schemes with tax benefits under Section 80C.
- Index Funds: Track a specific index, offering passive investment options.
Current NAV Prices for Popular Aditya Birla Mutual Funds
| Fund Name | Category | NAV (₹) | 1-Year Return (%) | 3-Year Return (%) |
|---|---|---|---|---|
| Aditya Birla Sun Life Frontline Equity Fund | Equity | ₹340.85 | 12.8% | 18.3% |
| Aditya Birla Sun Life Tax Relief 96 | ELSS (Tax-Saving) | ₹115.75 | 11.2% | 15.9% |
| Aditya Birla Sun Life Corporate Bond Fund | Debt | ₹51.20 | 6.7% | 8.2% |
| Aditya Birla Sun Life Balanced Advantage Fund | Hybrid | ₹87.45 | 9.5% | 13.1% |
| Aditya Birla Sun Life Nifty 50 Index Fund | Index | ₹128.30 | 10.1% | 16.2% |
Note: Returns as of [specific date]; NAV values are subject to change.
How to Check Aditya Birla Mutual Fund NAV
There are several reliable sources for checking the current NAV of Aditya Birla Mutual Funds:
- Aditya Birla Mutual Fund Website:
- Visit Aditya Birla Mutual Fund’s website and navigate to the “NAV” or “Fund Prices” section for daily updates.
- Financial Platforms:
- Websites like Moneycontrol, ET Money, and Groww provide daily NAV updates across all Aditya Birla mutual funds.
- Mobile Apps:
- The Aditya Birla Mutual Fund app and other financial apps (such as Zerodha, ET Money) provide real-time NAV information and fund performance.
- Registrar’s Websites:
- CAMS and KFintech are registrars for Aditya Birla Mutual Fund and publish daily NAVs.
Frequently Asked Questions (FAQs)
Q: How often is the NAV of Aditya Birla Mutual Funds updated?
A: The NAV is calculated and updated at the end of each trading day (Monday to Friday) after market hours.
Q: Does a higher NAV mean a better-performing fund?
A: No, a higher NAV does not imply better performance. It only indicates the per-unit value of the fund, which depends on when the fund was launched and accumulated growth.
Q: How do I know the total value of my investment?
A: Multiply the NAV by the number of units you hold in the mutual fund to get the current value of your investment.
Q: Can I check the NAV of my investments on the Aditya Birla Mutual Fund mobile app?
A: Yes, the Aditya Birla Mutual Fund app provides NAVs along with portfolio tracking features.
Q: Is the NAV the same for both direct and regular mutual fund plans?
A: No, direct plans generally have a higher NAV than regular plans due to the absence of distributor commissions.
Conclusion
Understanding the NAV of Aditya Birla Mutual Funds helps investors monitor the current value of their investments. While NAV reflects the per-unit value, it is crucial to remember that it is not the sole indicator of fund performance. With tools and platforms available to check NAVs daily, investors can stay informed and make timely decisions aligned with their financial goals. Whether you are investing in equity, debt, or hybrid funds, knowing how to track NAV and interpret it effectively can enhance your investment strategy.
