Skip to main content

Investing

Home / Investing / What is NAV?

Investing

What is NAV?

Net Asset Value (NAV) represents the per-unit value of a mutual fund or an exchange-traded fund (ETF). Simply put, it’s the price you would receive for one unit if the fund liquidated all its assets and cleared its liabilities.

How is NAV calculated?

NAV is computed at the end of each trading day using this formula:

  • Take the total value of the fund’s assets.
  • Subtract all outstanding liabilities.
  • Divide the result by the total number of units outstanding.

Why NAV matters to you

The NAV determines the purchase and redemption price of mutual fund or ETF units. When you invest, you buy units at the prevailing NAV; when you withdraw, the amount you receive is also based on the NAV per unit.

Why is NAV higher in direct mutual funds compared to regular funds?

Direct mutual funds usually display a higher NAV because they come with lower expense ratios compared to regular plans.

Footer

Take control of your wealth with Firstock. Track your investments, trade wisely—all in one easy-to-use platform.

Download the App now

Invest in Stocks, Mutual Funds, IPOs, Bonds, ETFs & Futures, Options,

Company

About Us Product Pricing Company Profile Become a Partner Contact Us

Offerings

Stocks & ETF - G(Sec) Future & Options Gold Bonds & Govt. Sec Mutual Funds IPO Developers API

Support

Account Opening Fund Transfer List of Charges Downloads Support Portal Raise a Ticket

Utilities

Brokerage Calculator Margin Calculator Margin Approved Securities Notice Board Holiday Calendar Referral Programme Resources

© 2025 Firstock. All rights reserved.

Firstock Broking Pvt Ltd

  • No 350,1st Floor, 36th A Cross 7th Main Rd 5th Block Jayanagar, Bengaluru, KA 560041.
  • NSE​ &​ BSE – SEBI Registration No.: INZ000260334
  • CDSL: Depository services – SEBI Registration No.: IN-DP-67-2015 Mutual Fund ARN: 132812

    • For any complaints pertaining to securities broking please write to [email protected] for DP related to [email protected] Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI.

    Attention Investors:

    Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.

    Prevent Unauthorized Transactions in Your Trading/Demat Account:
    Update your mobile number and email ID with your stock broker or depository participant. Receive alerts and information about your transactions on your registered mobile number/email for all debit and other important transactions in your trading/demat account directly from the Exchange/CDSL on the same day.

    KYC is a one-time exercise while dealing in the securities market.
    Once KYC is completed through a SEBI-registered intermediary (broker, DP, mutual fund, etc.), you do not need to undergo the same process again when approaching another intermediary.

    No need to issue cheques when subscribing to an IPO.
    Simply write your bank account number and sign the application form to authorize your bank to make the payment in case of allotment. There is no worry about refunds, as the money remains in the investor's account.

    Procedure to file a complaint on SCORES (Easy & Quick): Register on the SCORES portal and keep the following mandatory details ready: Name, PAN, Address, Mobile Number, and Email ID.

    Benefits: Effective communication and speedy redressal of grievances.{" "}

    Dear Investor,

    If you are subscribing to an IPO, there is no need to issue a cheque. Please write your bank account number and sign the IPO application form to authorize your bank to make the payment in case of allotment. In case of non-allotment, the funds will remain in your bank account. As a business, we do not provide stock tips and have not authorized anyone to trade on behalf of others.

    Important:

    Stock brokers can accept securities as margin from clients only by way of a pledge in the depository system w.e.f. September 1, 2020.

    Update your email ID and mobile number with your stock broker or depository participant and receive OTPs directly from the depository on your registered email ID and/or mobile number to create pledges.

    Check your securities, mutual funds, and bonds in the consolidated account statement issued by NSDL/CDSL every month.

    Disclaimer:

    The Stock Exchange, Mumbai, is not in any manner answerable, responsible, or liable to any person for any acts of omission or commission, errors, mistakes, and/or violations—actual or perceived—by us or our partners, agents, associates, etc., of any rules, regulations, by-laws of the Stock Exchange, SEBI Act, or any other laws in force from time to time.

    The Stock Exchange, Mumbai, is not responsible or liable for any information on this website or for any services rendered by our employees or representatives. Please refer to BSE compliance for more details.

    Investor Alert:

    Investors are requested to note that stock broker Firstock Broking Private Limited (Firstock) is permitted to receive/pay money from/to investors only through designated bank accounts, named as "client bank accounts."

    Firstock is also required to disclose these client bank accounts to the Stock Exchange.

    Hence, you are requested to use only the following client bank accounts for any transactions in your trading account with us. The details of these accounts are also displayed by the Stock Exchanges on their website under “Know / Locate Your Stock Broker.”

    Terms & Conditions Policies & Procedures Investor Grievance Privacy Policy Disclosure Investor Charter PMLA Policy Investor’s Attention SEBI - Investor website Investor Education & Awareness E-Voting NSE BSE CDSL KYC Status SEBI SCORES Policy of Handling Good-Till-Trigger Orders Smart Online Dispute Resolution