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If you’re a mutual fund or ETF investor, then you need to know about net asset value. Here’s the basics.
The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$590 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$95 billion) recorded in December 2013.
The fund’s share price fluctuates based on the net asset value (NAV) of all of the mutual fund’s holdings. NAV is calculated by dividing the total value of a mutual fund’s assets (less ...
Erstwhile Unit Trust of India was bifurcated with the non-NAV based schemes brought under the government purview and other under the purview of SEBI. While the former came under the Administrator of the Specified Undertaking of The Unit Trust of India (SUTTI) and the latter became the asset manager, UTI Mutual Fund. [7] [8] [9]
A mutual fund is an investment fund that pools money from many investors to purchase securities.The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
In this article we discuss the 10 best mutual funds for 2021. If you want to skip our detailed analysis of these mutual funds, go directly to the 5 Best Mutual Funds for 2021. Amid the economic ...