Confused About My Mutual Fund NAV: 42.6 vs. 36.703?

Ans: I understand your concern about Mutual Fund NAV (Net Asset Value) manipulation. It's important to know that SEBI (Securities and Exchange Board of India) strictly regulates Mutual Funds to protect investors. Let's clear some things up:

NAV and its Calculation:

NAV is the per unit price of a Mutual Fund scheme. It simply reflects the total value of all the investments the fund holds divided by the number of units outstanding.
There's no room for manipulation here. SEBI has strict guidelines for valuing fund holdings, ensuring a fair NAV.
Understanding NAV Differences:

You might have noticed a difference between the NAV when you buy and the NAV when you redeem. This can happen due to market fluctuations.
The market value of the underlying investments (stocks, bonds) changes daily. So, the NAV reflects these changes.
Getting Help:

If you still feel uncomfortable about a specific NAV, here's what you can do:
Contact the Mutual Fund company directly. They can explain the NAV calculation and how it applies to your situation.
Reach out to SEBI's SCORES portal (https://scores.gov.in/) to register a complaint.
Actively Managed Funds:

Remember, unlike Fixed Deposits with a fixed return, Mutual Funds invest in the market. There will be ups and downs, and returns can vary.
Actively managed funds aim to outperform the market, but that doesn't guarantee higher returns every time.
The Role of a CFP:

A Certified Financial Planner (CFP) can help you choose actively managed funds that suit your risk tolerance and investment goals.
They can also guide you on understanding NAV and market movements to make informed investment decisions.
Remember:

SEBI is there to protect your interests. Don't hesitate to reach out to them if you have any concerns.
Actively managed funds can be a great way to grow your wealth, but understand the inherent risks involved.
By understanding NAV and how it works, you can invest in Mutual Funds with more confidence.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: You will need to get it rectified from bank itself since they must have made an error in filing their TDS return.

Ideally principal on RD ought not be taxable. Please revert to the IT online via faceless assessment route. There may be a system issue due to which this has happened.

Please take your CAs advice before moving ahead.