NAV
Net asset value
The price of one unit of a mutual fund: the value of everything the fund owns, less its costs, divided by its units.
Funds publish their NAV every business day. You buy or sell at the NAV of the day your money or request reaches the fund by its cut-off time.
A low NAV doesn't make a fund cheap: what matters is how much the NAV grows, not its level.
Related terms
Rules as of tax year 2026-27. Written by the Welthr team; last reviewed on . Not financial advice.