NAV on WebNotes

AMFI NAV file -- NAVAll.txt

Tue, 12 May 2026 00:00:00 +0000

NAVAll.txt is the daily net asset value (NAV) file published by AMFI (Association of Mutual Funds in India) on its website (amfiindia.com) at the end of each business day after market close. It contains the NAV of every open-ended mutual fund scheme in India – across all AMCs, all plans (Direct and Regular), and all options (Growth, IDCW) – in a standardised, pipe-delimited plain text format. The file is freely downloadable without authentication and is widely used by mutual fund platforms, Registrar and Transfer Agents, fintech applications, financial data aggregators, and research tools as the authoritative NAV price feed for Indian mutual funds.

AMFI scheme factsheet for mutual funds

Tue, 12 May 2026 00:00:00 +0000

An AMFI scheme factsheet (also called a fund factsheet or scheme information factsheet) is a standardised monthly disclosure document that each Asset Management Company (AMC) in India is required to publish for every actively managed mutual fund scheme it operates. The factsheet consolidates scheme-level data – investment objective, portfolio holdings, NAV history, performance versus benchmark, risk ratios, and fund manager biography – into a single document that investors, distributors, and analysts can use to evaluate and compare schemes. The format and minimum content requirements are prescribed by SEBI and operationalised through AMFI guidelines.

Applicable NAV and cut-off time rules for mutual funds

Tue, 12 May 2026 00:00:00 +0000

Applicable NAV is the Net Asset Value (NAV) at which a mutual fund transaction, subscription, redemption, or switch, is processed. Because NAV is computed once per business day after market close, the SEBI-mandated cut-off time rules determine whether a transaction uses the same-day NAV or the next business day’s NAV. The rules differ by scheme type and transaction type, and have been significantly tightened since 2020 to prevent NAV arbitrage.

SEBI cut-off time framework

SEBI’s Master Circular for Mutual Funds (2024), consolidating earlier circulars including SEBI/HO/IMD/DF2/CIR/P/2021/024 (5 March 2021), specifies the following cut-off times:

How to buy your first mutual fund on Coin

Tue, 12 May 2026 00:00:00 +0000

Zerodha Coin is a direct-plan mutual fund investment platform where units are held in demat form rather than in a statement-of-account (SOA) folio with the registrar. This guide covers the complete process of purchasing your first mutual fund unit on Coin, from account prerequisites through post-purchase verification.

Prerequisites

Before placing your first Coin order, confirm the following:

How to do a lump-sum mutual fund purchase on Coin

Tue, 12 May 2026 00:00:00 +0000

A lump-sum purchase on Zerodha Coin is a one-time investment of a specified rupee amount into a direct plan mutual fund scheme. Unlike a Systematic Investment Plan (SIP), a lump-sum order is a single transaction and does not create any recurring debit obligation. All units purchased through Coin are held in demat account form at CDSL, not in a statement-of-account folio with the fund’s registrar.

This guide explains how to place and confirm a lump-sum purchase on Coin, the NAV cut-off rules that determine the applicable price, and what to verify afterwards.

Lump-sum investing in mutual funds

Tue, 12 May 2026 00:00:00 +0000

Lump-sum investing in mutual funds is the process of deploying a single large amount of capital into a mutual fund scheme in one transaction, as opposed to spreading investments over time through a Systematic Investment Plan (SIP) or Systematic Transfer Plan (STP). The entire amount is invested at the prevailing Net Asset Value (NAV) applicable on the transaction date, and units are allotted accordingly.

Lump-sum investments are appropriate when the investor has a large sum available, from a bonus, inheritance, maturity proceeds, or asset sale, and wishes to deploy it immediately rather than staggering it.

Mutual fund

Tue, 12 May 2026 00:00:00 +0000

A mutual fund in India is a collective investment vehicle that pools money from multiple investors and invests the combined corpus in a portfolio of securities (equities, bonds, money market instruments, or a combination) in accordance with a defined investment objective. Mutual funds in India are regulated by the Securities and Exchange Board of India (SEBI) under the SEBI (Mutual Funds) Regulations 1996. Each mutual fund is established as a trust, with the asset management company (AMC) as the investment manager and a trustee company overseeing the interests of unitholders.

Mutual fund industry in India

Tue, 12 May 2026 00:00:00 +0000

The mutual fund industry in India encompasses all asset management companies (AMCs), schemes, and intermediaries that pool capital from retail and institutional investors to invest in securities markets under the regulatory oversight of the Securities and Exchange Board of India. As of March 2024, the industry managed assets under management (AUM) exceeding Rs 53 lakh crore (approximately USD 640 billion), spread across 44 SEBI-registered AMCs offering more than 1,500 distinct schemes. The industry serves over 180 million unique investor folios and channels a significant share of domestic household savings into equity and debt capital markets.

Mutual fund vs ETF in India

Tue, 12 May 2026 00:00:00 +0000

An exchange-traded fund (ETF) and an open-ended mutual fund are both pooled investment vehicles regulated by the Securities and Exchange Board of India under the SEBI (Mutual Funds) Regulations, 1996. Both pool investor money and hold a portfolio of securities. Their key structural difference is the mechanism through which investors buy and sell units: mutual fund units are transacted directly with the AMC (or its registrar) at the day-end NAV, while ETF units are bought and sold on a stock exchange (NSE, BSE) at market prices throughout the trading session.

Net Asset Value (NAV) of a mutual fund

Tue, 12 May 2026 00:00:00 +0000

Net Asset Value (NAV) is the per-unit market value of a mutual fund scheme on a given valuation date, calculated by dividing the total market value of the scheme’s assets minus its liabilities by the total number of units outstanding. NAV is the single most important price reference for mutual fund transactions in India: all subscription, redemption, switch, and systematic investment plan (SIP) transactions are processed at the NAV applicable on the transaction date or the next business day, depending on the timing and the type of scheme.

Open-ended mutual fund

Tue, 12 May 2026 00:00:00 +0000

An open-ended mutual fund is a category of mutual fund scheme that, under the SEBI (Mutual Funds) Regulations, 1996, offers continuous subscription and continuous repurchase of units at the prevailing Net Asset Value (NAV), without any fixed maturity date. Regulation 2(s) defines an open-ended scheme as a scheme of a mutual fund that offers units for sale without specifying any duration for redemption. The scheme corpus is therefore variable, expanding with net inflows and contracting with net outflows.

UTI US-64 crisis (2001)

Tue, 12 May 2026 00:00:00 +0000

The UTI US-64 crisis of July 2001 was a systemic failure of Unit Trust of India’s flagship US-64 scheme that forced an emergency suspension of repurchases, a government-funded bailout exceeding Rs 14,500 crore, and a fundamental restructuring of India’s oldest and largest mutual fund organisation. The crisis exposed the dangers of offering guaranteed or price-supported returns to retail investors through vehicles that lacked mark-to-market accounting, concentrated equity exposures, and transparent governance. It triggered the eventual dissolution of UTI as a unified statutory body, compelled sweeping regulatory amendments by the Securities and Exchange Board of India, and reshaped investor expectations of the mutual fund industry in India for the subsequent decade.

Mutual funds on Zerodha (Coin)

Mon, 11 May 2026 00:00:00 +0000

Coin is Zerodha’s mutual fund investment platform, operated as part of the Zerodha product suite. Launched in 2017, Coin allows investors to buy and sell direct-plan mutual fund units without paying any distributor commission. All units purchased through Coin are held in the investor’s demat account at CDSL rather than in a foliostatement form with the Asset Management Company (AMC). Coin is accessible through the Coin mobile application, the Coin website (coin.zerodha.com), and from within Kite’s sidebar.