Formula:
NAV per Share = (Total Assets − Total Liabilities) / Shares Outstanding
What is Net Asset Value?
Net Asset Value (NAV) represents the per-share value of a mutual fund or ETF. It is calculated by subtracting the fund's total liabilities from its total assets, then dividing by the number of shares outstanding. NAV is computed daily after market close.
How NAV Works
Mutual funds — You buy and sell at NAV price
ETFs — Market price may differ from NAV (premium/discount)
Rising NAV — Indicates the fund's holdings are increasing in value