Funds
What is nav?
The price of one unit of a mutual fund.
Explained in more detail
NAV stands for net asset value. It is the total value of everything the fund holds, divided by the number of units. It is calculated once at the end of each business day, which is why a mutual fund order does not fill at a live price the way a share does.
An example
For instanceA fund with a NAV of ₹42 means ₹1,000 buys you about 23.8 units.
Why this matters to you
You will meet this word in broker apps, company results and market news. Knowing what it means is not the goal on its own. The goal is being able to judge whether a number is good or bad for the investment you are actually holding.
On AlphaVik, any time nav appears in a view or a lesson, you can hover or tap the word and this explanation comes with it. You never have to leave the page to look something up.