Net Asset Value (NAV) Calculator
Calculate Net Asset Value (NAV) per share for mutual funds and ETFs. Enter fund assets including investments, cash and receivables minus liabilities to find NAV per unit.
About This Calculator
The Net Asset Value (NAV) Calculator helps investors, financial analysts, and fund managers determine the per-share value of mutual funds and exchange-traded funds (ETFs). NAV is the most fundamental metric for pricing fund units and evaluating portfolio health. Whether you are investing in Indian mutual funds, US ETFs, or UK investment trusts, understanding NAV is essential for making informed investment decisions.
The calculator uses the standard NAV formula: NAV = (Total Fund Assets - Total Fund Liabilities) / Number of Outstanding Shares. Fund assets include the market value of all securities held, cash and cash equivalents, and accounts receivable. Fund liabilities include short-term obligations, long-term debt, and accrued expenses. The result gives you the Net Asset Value of the fund and the NAV per share, which represents the price at which investors can buy or sell fund units.
NAV per share changes daily as the market value of the fund's holdings fluctuates. For open-end mutual funds in India, the US, and the UK, all purchase and redemption orders are executed at the NAV calculated at the end of the trading day. ETFs trade on exchanges at market prices that may differ slightly from NAV due to supply and demand. The difference between market price and NAV is called the premium or discount.
Regional Notes
India: SEBI requires all mutual funds to calculate and publish NAV daily. Investors can transact at the NAV applicable on the day of the order. The Association of Mutual Funds in India (AMFI) publishes NAV data for all mutual fund schemes on its website.
United States: The SEC requires mutual funds to calculate NAV at least once daily, typically after the close of regular trading on the New York Stock Exchange (4:00 PM ET). ETFs report NAV daily but trade throughout the day at market prices that may include premiums or discounts.
United Kingdom: The FCA requires UK-authorised funds to calculate NAV daily. Investment trusts (closed-end funds) calculate NAV but their shares trade on the London Stock Exchange at prices determined by market forces, often different from NAV.
Frequently Asked Questions
What is Net Asset Value (NAV)?
Net Asset Value (NAV) is the total market value of a mutual fund or ETF's assets minus its liabilities, divided by the number of outstanding shares. It represents the per-share market price of the fund and is calculated at the end of each trading day.
How is NAV per share calculated?
NAV per share is calculated by dividing the total Net Asset Value (Fund Assets minus Fund Liabilities) by the number of outstanding shares. Fund Assets include total investments, cash and cash equivalents, and accounts receivable. Fund Liabilities include short-term and long-term liabilities.
What is the difference between open-end and closed-end funds for NAV?
Open-end funds can issue unlimited shares and trade at NAV directly with the fund company. Closed-end funds issue a fixed number of shares that trade on exchanges at market prices that may differ from NAV due to supply and demand forces. ETF NAV is calculated daily but the ETF trades throughout the day at market prices.
Is NAV a good measure of fund performance?
NAV alone is not the best measure of fund performance because it does not include dividends or capital gains distributions. To measure performance, compare NAV per share changes over time plus distributions received. The rate of return calculated from NAV changes over a period provides a better performance indicator.
How often is NAV calculated for mutual funds?
In India, mutual fund NAV is calculated daily at the end of each trading day. In the US and UK, mutual funds also calculate NAV once per day after market close. ETFs have NAV calculated daily but trade intraday at market prices that can differ from NAV. Real-time NAV estimates (iNAV) are available for some ETFs.
Can NAV go negative?
In theory, NAV can go negative if a fund's liabilities exceed its assets. In practice, this is extremely rare for mutual funds and ETFs because fund managers must maintain diversified portfolios and comply with regulatory requirements that prevent excessive leverage. A negative NAV would indicate the fund is insolvent.
What is the NAV formula for mutual funds?
The NAV formula is: NAV = (Total Fund Assets - Total Fund Liabilities) / Number of Outstanding Shares. Fund assets include market value of all securities held, cash and cash equivalents, accounts receivable, and accrued income. Fund liabilities include short-term liabilities, long-term debt, accrued expenses, and other obligations.