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What does NAV mean?
NAV, or Net Asset Value, is the per-unit price of a mutual fund or exchange-traded fund (ETF). It represents the value of one unit of the fund on a given day.
NAV is calculated by subtracting the total liabilities of the fund from its total assets and dividing the result by the number of outstanding units. The formula is:
NAV = (Total Assets – Total Liabilities) ÷ Total Outstanding Units
NAV is updated daily and reflects the closing market value of the fund's holdings. It is the price at which investors buy or redeem mutual fund units, and it serves as a key indicator of the fund’s performance.
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