Leading fund types issued by Kasikorn Asset Management in Thailand 2023, by NAV

As of November 2023, balanced funds had the highest overall levels of net asset value (NAV), with KFLRMF K Flexible Equity RMF having an NAV of roughly 82 Thai baht. However, the spread between each balance fund was much larger, with a NAV difference of roughly 62 Thai baht between the K-PLAN3 K Plan 3 Fund and KFLRMF K Flexible Equity RMF. Equity funds issued by leading Thailand based Kasikorn Asset Management had more consistency, with each of the four selected funds reaching a NAV value of 38 Thai baht.

What is the meaning of net asset value?

The NAV represents the book value per share of a specific fund. It is reflective of the closing price or end-of-day trading value. Mutual funds and other fund types use money from numerous investors to invest in securities, creating a large basket of financial instruments. Each investor gets a specified number of shares in proportion to their invested amount. The pricing of each share is based on the NAV. The NAV is calculated by subtracting liabilities from the total value of all the cash and securities in a fund's portfolio and then dividing this value by the number of shares outstanding.

Why is it important?

While there are several metrics to evaluate the performance of a fund, such as the rate of return, the NAV is an important calculation, as it communicates the worth of a single share from an entire fund's overall value. However, it is also important to note that while the NAV typically reflects the fair market value, the actual market value of a fund may slightly differ from the NAV, as the NAV is mostly representative of the fund's book value while the market value is reflective of a buying or selling opportunity.