Lesson 30 of 53 · What NAV means · 3 min read · Reviewed 29 Oct 2026
No. NAV is the fund’s net assets divided by its units, so a ₹10 NAV and a ₹500 NAV are just different unit sizes. ₹10,000 buys 1,000 units at ₹10 or 20 units at ₹500, and a 10% rise in the holdings adds ₹1,000 either way. What matters is what the fund holds and costs.
Every fund house works out NAV each business day: the scheme’s net assets divided by the units outstanding.
A low NAV doesn’t mean more growth to come. ₹10,000 gains the same 10% whether it bought 1,000 units or 20.
Most schemes declare NAV by 11 pm, on the fund house’s and AMFI’s websites.
Key idea: For most funds you get the NAV of the day your money reaches the scheme, with a 3 pm cut-off. Liquid funds use the previous day’s NAV if money arrives by 1:30 pm.
Try the short quiz on this page to check what stuck.
Requests received by 3 pm get that day’s NAV; later ones get the next business day’s.
Yes. Funds of funds and funds with 80% or more abroad have until 10 am the next business day.
Yes. A payout comes out of the fund’s assets, so NAV falls by about that amount.
For learning only, not investment advice. Built in India by a team that tracks its own money on Reva.