“Where can I see the NAV of my fund?” a user asked me.
“Why do you need to see it?”
The user went silent. I did not understand. Is it because the user thought I was dumb to ask the question?
“How do I know the current price of my fund?”
“Well, how does it matter?” I persisted.
“What do you mean? I need to know if the fund is expensive or cheap.”
Oh! So, that’s the reason.
Unfortunately, it is not the right one.
OK, let me announce that NAV as a stand alone number is of no use to you as an investor.
Before you jump to any conclusion about the sanity of my mind, let me explain…. [Continue Reading]