NAV stands for Net Asset Value — the price of one unit of a mutual fund scheme. A fund house calculates and publishes it once a day, and it's the price you buy or sell units at when you place an order on Rupeezy.
How is NAV calculated?
NAV = (Total assets - Total liabilities) / Total number of units outstanding
A scheme's total assets are the current market value of everything it holds — stocks, bonds, cash — on that day. Subtract what the scheme owes, divide by the number of units investors hold across it, and you get the price of one unit.
Does a higher NAV mean a better fund?
No. NAV is a per-unit price, not a performance score, so it can't be compared across schemes. A fund at NAV ₹20 isn't cheaper or worse than one at NAV ₹200 — what tells you how a fund has actually performed is its returns over time, not its current unit price. See What is NAV and how does it go up or down? for what moves a scheme's NAV day to day.
Where can I check a fund's NAV on Rupeezy?
Open the fund's own scheme page and hold a point on its NAV chart — Rupeezy shows that day's NAV and date for as long as you keep touching it. See How to view mutual fund investments on the NAV graph? for the rest of that chart.
Things to keep in mind
- NAV is declared once a day, after the market closes — it isn't a live, intraday price the way a stock's is.
- NAV only tells you a fund's per-unit price, not how well it has performed.