What is Net Asset Value (NAV)?
Net Asset Value (NAV) is a fund's market value per unit. It is calculated by dividing the total value of all the assets in a portfolio, minus all its liabilities.
How is NAV calculated?
NAV is calculated at the end of every market day, after taking into account the closing market prices of the securities in its portfolio. When selecting a mutual fund for investments, remember that daily changes in NAV don't matter. It is best to look at the annualised return of a fund over different time frames to estimate the performance of the fund.