What does NAV mean?
Net Asset Value (NAV) is a metric used to define the value of a unit of a mutual fund. It represents the total value of the fund’s asset minus the liabilities.
NAV is the price at which you invest or redeem mutual fund units. The NAV of mutual funds changes on a daily basis.
NAV is a common jargon used in mutual funds. We’d recommend you to read this module on Varsity to understand everything about Mutual Funds and Personal Finance.
To learn more about the implications of NAV on Direct plans and Regular plans of a certain fund, check out this post on TradingQnA.