NAV Calculator
Calculate the Net Asset Value of a mutual fund, ETF, unit trust, or investment portfolio from assets, liabilities, and units outstanding.
NAV per unit
₹35
Net assets of ₹88,20,000 divided by 250,000 units.
Gross assets
₹90,00,000
Liabilities
₹1,80,000
Annual expense
₹1,10,250
Daily expense
₹302
After daily fee NAV
₹35
Investor units
283.4467
Premium or discount
Market price is 0.62% above calculated NAV.
NAV visual breakdown
Review asset allocation, liabilities, net assets, and scenario NAV side by side.
NAV Calculator for Mutual Funds and Investment Portfolios
This NAV calculator helps you calculate the Net Asset Value of a mutual fund, ETF, unit trust, hedge fund, private fund, or investment portfolio. Enter the market value of each asset, subtract liabilities such as payables and accrued expenses, then divide the remaining net assets by the number of units or shares outstanding. The result is the NAV per unit, the key figure many investors use to understand the per-share value of a pooled investment vehicle.
People search for a NAV calculator when they want a fast answer to questions such as how to calculate NAV, what is NAV per unit, how mutual fund NAV is calculated, how fund expenses affect NAV, or how many units an investment amount can buy. This tool is built for those practical calculations while also explaining the Net Asset Value formula in clear English.
What Is NAV?
NAV stands for Net Asset Value. In simple terms, NAV is the total value of a fund's assets minus its liabilities. When that net value is divided by units outstanding, you get NAV per unit. For an open-end mutual fund, NAV is usually the price at which investors buy or redeem fund units, before any sales load, transaction charge, tax, or platform fee.
For ETFs and closed-end funds, NAV is still important, but the market trading price can be above or below NAV. That difference is often called a premium or discount. This calculator includes a market price field so you can compare traded price with calculated NAV and see whether the security is trading at a premium to NAV or a discount to NAV.
NAV Formula
The standard NAV formula is: NAV per unit = (total assets - total liabilities) / total units outstanding. Total assets can include stocks, bonds, cash, receivables, accrued income, derivatives, and other investments. Total liabilities can include management fees payable, custody fees, audit expenses, taxes payable, redemptions payable, and other obligations.
For example, if a mutual fund has total assets of 10,000,000, liabilities of 200,000, and 500,000 units outstanding, its net assets are 9,800,000. Divide 9,800,000 by 500,000 and the NAV per unit is 19.60. The calculator performs this NAV formula automatically and also displays gross assets, net assets, expense impact, and scenario NAV.
How to Use This NAV Calculator
Start by entering each major asset line in the holdings table. You can use one total asset amount, or you can break the portfolio into categories such as equity securities, debt instruments, cash, receivables, gold, real estate holdings, private investments, or other assets. Breaking the assets apart makes the allocation chart more useful and helps you review concentration.
Next, enter fund liabilities and the number of units outstanding. If you are calculating mutual fund NAV, use the official outstanding units from the fund accounting record. If you are calculating a private portfolio NAV, use the agreed unit count or ownership units. Finally, add optional inputs such as expense ratio, market price, investment amount, and scenario change to use the advanced features.
Advanced NAV Calculator Features
This free NAV calculator is more than a basic formula tool. It calculates NAV per unit, total gross assets, liabilities, net assets, annual fund expense, estimated daily expense, NAV after daily expense, investor units purchased for a selected investment amount, premium or discount versus market price, and scenario NAV after a hypothetical asset value change.
The charts make the calculation easier to audit. The pie chart shows the asset allocation behind the NAV, while the bar chart compares gross assets, liabilities, net assets, and scenario net assets. You can copy a summary for notes or download a CSV file for a spreadsheet. These features are useful for fund managers, finance students, analysts, accountants, and investors who need a quick NAV worksheet.
Mutual Fund NAV Calculator
A mutual fund NAV calculator is commonly used to understand the daily price of mutual fund units. Most open-end mutual funds calculate NAV at the end of each trading day after portfolio securities are valued. Investors who place orders during the day generally receive the next calculated NAV, not the price visible at the moment they submitted the order.
Mutual fund NAV changes because portfolio holdings rise or fall, income accrues, expenses are deducted, and money enters or leaves the fund. A falling NAV does not automatically mean the fund is bad, and a high NAV does not automatically mean the fund is expensive. Performance depends on percentage return, distribution history, fees, risk, benchmark comparison, and the quality of the underlying portfolio.
NAV Per Unit and Investor Units
NAV per unit tells you the value assigned to one unit of the fund. If the NAV is 25 and you invest 10,000, you would receive about 400 units before any entry load, tax, stamp duty, transaction charge, or rounding rule. This calculator includes an investment amount field that estimates how many units can be purchased at the calculated NAV.
Unit count matters because NAV is a per-unit value, not just the total size of the fund. If net assets remain the same but more units are issued, NAV per unit falls. If units are redeemed while assets are paid out proportionately, NAV per unit may remain stable. Accurate units outstanding are essential for a reliable NAV calculation.
Expense Ratio Impact on NAV
Funds usually deduct operating expenses from assets. These can include investment management fees, administration, custody, audit, transfer agency, distribution, and other permitted costs. The expense ratio is normally quoted annually, but fund accounting often accrues expenses daily. This calculator estimates annual expense and daily expense based on the expense ratio you enter.
Expense deductions reduce net assets and therefore reduce NAV. A small difference in expense ratio can become meaningful over long investment periods because the money paid in fees no longer remains invested. When comparing funds, investors often review expense ratio alongside performance, tracking error, portfolio quality, risk measures, turnover, tax efficiency, and manager process.
NAV vs Market Price
NAV and market price are not always the same. Open-end mutual funds usually transact at NAV, but ETFs and closed-end funds trade on exchanges where buyers and sellers determine market price. If market price is higher than NAV, the fund trades at a premium. If market price is lower than NAV, it trades at a discount.
A premium or discount can appear because of liquidity, demand, market stress, tax considerations, distribution expectations, stale asset pricing, or investor sentiment. ETF arbitrage normally keeps market price close to NAV for liquid funds, but differences can still occur. This calculator's premium or discount output helps you measure the gap quickly.
Portfolio NAV Calculator
You can also use this as a portfolio NAV calculator for a private investment pool, family portfolio, partnership, club account, or model portfolio. Add all assets at fair market value, subtract liabilities, and divide by ownership units. This provides a consistent unitized value that can be tracked over time as contributions, withdrawals, income, and investment gains occur.
A portfolio NAV calculation is only as reliable as the valuation inputs. Publicly traded securities are usually easier to value than private investments, real estate, collectibles, loans, derivatives, or illiquid holdings. For serious reporting, apply a consistent valuation policy, document assumptions, and keep supporting records for each asset and liability.
NAV Calculation Example
Imagine a fund with 6,200,000 in equity securities, 2,100,000 in bonds, 650,000 in cash and receivables, and 50,000 in other assets. Gross assets equal 9,000,000. If liabilities are 180,000, net assets equal 8,820,000. If the fund has 250,000 units outstanding, NAV per unit equals 35.28.
Now suppose the fund's market price is 35.50. The price is slightly above the calculated NAV, so it trades at a small premium. If the expense ratio is 1.25%, estimated annual expense equals 110,250 and the daily expense is about 302.05. The calculator brings these related numbers together so the NAV story is easier to understand.
Common NAV Calculation Mistakes
Common mistakes include forgetting liabilities, using purchase cost instead of current market value, mixing currencies, using stale prices, excluding accrued income, ignoring expenses payable, and entering the wrong unit count. Another mistake is comparing NAV levels between funds as if a lower NAV automatically means a cheaper fund. NAV level alone does not measure value or expected return.
For accurate results, use current market values, include all known liabilities, check units outstanding, and keep the currency consistent. If a fund holds securities in multiple currencies, convert each holding into the reporting currency before calculating NAV. If you are using this calculator for formal accounting, review the result with a qualified professional.
Important NAV Disclaimer
This NAV calculator is for education, planning, and research. It does not provide investment, tax, legal, accounting, or financial advice. Actual mutual fund NAV is calculated according to the fund's official valuation policy, accounting rules, market cut-off times, pricing sources, expense accruals, and regulatory requirements.
Use this calculator to understand the Net Asset Value formula and test scenarios, but verify official NAV figures directly from the fund house, transfer agent, exchange, broker, administrator, or audited financial statements before making decisions. Investments can lose value, and a calculated NAV does not guarantee liquidity or future performance.
Frequently Asked Questions
How do you calculate NAV?
NAV per unit is calculated as total assets minus total liabilities, divided by total units outstanding.
Is NAV the same as market price?
Not always. Mutual funds often transact at NAV, while ETFs and closed-end funds can trade above or below NAV.
Does a lower NAV mean a cheaper mutual fund?
No. NAV level alone does not show whether a fund is cheap or expensive. Compare returns, risk, fees, and portfolio quality.
Can I use this as a portfolio NAV calculator?
Yes. Enter portfolio assets, liabilities, and ownership units to calculate a unitized portfolio NAV.
Does this NAV calculator include taxes and transaction fees?
It estimates fund expenses from an expense ratio, but it does not include investor-specific taxes, loads, brokerage, or platform charges.