| Net Asset Value - NAV | |
 1. In the context of mutual funds, the total value of the fund's portfolio less liabilities. The NAV is usually calculated on a daily basis. 2. In terms of corporate valuations, the book value of assets less liabilities. |
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 The NAV is usually below the market price because the current value of the fund's assets are higher than the historical financial statements used in the NAV calculation. |
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 NAV Explained - A great explanation of net asset value by the Securities and Exchange Commission. Mutual Fund Basics Tutorial - Learn about the basics--and the pitfalls!--of investing in mutual funds. |
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Related Terms
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