Investing
NAV
Also known as: Net Asset Value
The per-unit price of a mutual fund, calculated once at the end of each trading day.
NAV is the price of one unit of a mutual fund. If a fund's NAV is ₹50 and you invest ₹5,000, you get 100 units.
It is calculated once daily after markets close, unlike stocks which change every second. So everyone who invests on the same day gets the same NAV.
A low NAV is not cheap and a high NAV is not expensive. It tells you nothing about future returns, so ignore anyone who sells a fund because it has a low NAV.
For example
A new fund at ₹10 NAV and an old fund at ₹500 NAV can grow at exactly the same rate. The number itself is meaningless for comparison.