Equity Mutual Funds With Highest NAV of Rs 800 to Rs 2500

Equity Mutual Funds With Highest NAV of Rs 800 to Rs 2500

The Net Asset Value (NAV) of several equity mutual fund schemes has crossed the Rs 800 mark.

The Net Asset Value (NAV) of several equity mutual fund schemes has crossed the Rs 800 mark.

As many as seven schemes in the ‘Equity’ category and one in the ‘Hybrid’ category have NAVs of over Rs 1000.

As many as seven schemes in the ‘Equity’ category and one in the ‘Hybrid’ category have NAVs of over Rs 1000.

Also, four equity schemes have their NAVs between Rs 800 and Rs 1000, as per AMFi website data.

Also, four equity schemes have their NAVs between Rs 800 and Rs 1000, as per AMFi website data. 

High NAV Mutual Funds

Source: AMFI website; Data as on 23-Jun-2023

What high NAV says about a fund

What high NAV says about a fund

A high NAV simply reflects the growth of the fund from its starting NAV, which is usually Rs 10.

A high NAV simply reflects the growth of the fund from its starting NAV, which is usually Rs 10. 

The appreciation in NAV is simply a reflection of performance in absolute terms without any context on the time taken for such performance.

The appreciation in NAV is simply a reflection of performance in absolute terms without any context on the time taken for such performance.

Experts say one should not invest only on basis of high NAV as considering past performance alone is a rather weak indicator of a fund’s quality.

Experts say one should not invest only on basis of high NAV as considering past performance alone is a rather weak indicator of a fund’s quality.