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What is NAV in ULIPs?
NAV stands for Net Asset Value. In ULIPs, it's like a stock price but for your entire investment. It shows how much each unit you own is worth based on the current value of the stocks, bonds, etc., held by the ULIP plan. A higher NAV means your investment is doing well. Understanding the concept of NAV (Net Asset Value) is important in determining the returns generated by ULIP investments.
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- What is NAV in ULIPs?
List of ULIP Funds ~
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
Equity Pension
SBI Life
AUM:10,959 Cr
10,959 Cr
NAV
72.77
0.70%
Returns
12.64%
Highest Returns
Opportunities Fund
HDFC Life
AUM:31,034 Cr
31,034 Cr
NAV
76.79
0.92%
Returns
18.73%
Highest Returns
High Growth Fund
Axis Max Life
AUM:11,912 Cr
11,912 Cr
NAV
116.41
1.00%
Returns
26.13%
Highest Returns
Opportunities Fund
ICICI Prudential Life
AUM:3,110 Cr
3,110 Cr
NAV
58.8
0.57%
Returns
15.24%
Highest Returns
Multi Cap Fund
Tata AIA Life
AUM:9,240 Cr
9,240 Cr
NAV
63.9
0.59%
Returns
19.12%
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Disclaimer :
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
What is NAV in ULIP?
Net Asset Value (NAV) is the value of a single unit of an asset minus liabilities of the investment fund. It helps in tracking the performance of a fund.
Here's how NAV works in ULIPs:
-
Unit System: A portion of your Unit Linked Insurance Plan premium is invested in various market instruments like stocks, bonds, etc. These investments are held in units.
-
NAV reflects value: Each unit has a NAV, which represents the current market value of the underlying assets in the ULIP fund minus the liabilities (expenses) of the fund.
-
NAV determines purchase/redemption price: The NAV determines the price at which you purchase additional units with your future premiums or redeem your existing units.
The NAV in ULIPs changes daily as it is influenced by the performance of the underlying assets held by the fund. If the fund performs well, the NAV will increase and vice-versa.
How is NAV in ULIPs Calculated?
Formula to calculate ULIP NAV:
NAV = (Market Value of Investments + Current Assets) - (Value of Current Liabilities & Provisions) / Total number of outstanding units on the date.
Lets Under NAV with an Illustration:
Imagine Rakesh has a ULIP fund with the following:
Market Value of Investments: ₹1,00,000
Current Assets: ₹10,000
Liabilities: ₹5,000
Number of Outstanding Units: 10,000
Step 1: Calculate the total net assets of the fund
Total Net Assets = Market Value of Investments + Current Assets - Liabilities
= ₹1,00,000 + ₹10,000 - ₹5,000
= ₹1,05,000
Step 2: Divide the net assets by the number of outstanding units
NAV = Total Net Assets / Number of Outstanding Units
= ₹1,05,000 / 10,000 units
= ₹10.50 per unit
Therefore, in this example, the NAV of the ULIP fund is ₹10.50 per unit. This signifies that each unit you hold in the ULIP is currently worth ₹10.50.
People also read: What is ULIP
Importance of NAV in ULIPs
The Net Asset Value (NAV) of ULIP is calculated daily. It is therefore important for all investors to keep an eye on it to make informed decisions. Here are a few reasons why monitoring NAV is essential in ULIPs:
-
Helps in tracking the fund performance
-
Helps in making informed investment decisions
-
Helps in determining risk
-
Helps in managing costs
People also read: ULIP Calculator
Latest ULIP NAVs
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| SBI Life Balanced Fund | ₹71.63 | ₹19525 Cr | 8.22% | 9.57% | |
| SBI Life Bond Fund | ₹50.54 | ₹17276 Cr | 5.43% | 6.64% | |
| SBI Life Equity Fund | ₹191.1 | ₹71877 Cr | 10.81% | 11.39% | |
| SBI Life Equity Optimiser Fund | ₹52.98 | ₹2365 Cr | 11.25% | 11.26% | |
| SBI Life Growth Fund | ₹91.95 | ₹2657 Cr | 9.83% | 10.97% | |
| SBI Life Money Market Fund | ₹36.86 | ₹528 Cr | 5.81% | 5.98% | |
| SBI Life Top 300 Fund | ₹55.19 | ₹1805 Cr | 10.58% | 11.96% | |
| SBI Life Pure Fund | ₹26.32 | ₹1076 Cr | 10.24% | - | |
| SBI Life Bond Optimiser Fund | ₹22.29 | ₹3215 Cr | 7.37% | - | |
| SBI Life Balanced Pension | ₹71.95 | ₹773 Cr | 8.87% | 10.43% | |
| SBI Life Bond Pension | ₹44.96 | ₹548 Cr | 5.27% | 6.91% | |
| SBI Life Equity Pension | ₹72.77 | ₹10959 Cr | 12.05% | 12.36% | |
| SBI Life Growth Pension | ₹72.17 | ₹597 Cr | 10.49% | 11.5% | |
| SBI Life Money Market Pension | ₹34.07 | ₹150 Cr | 5.76% | 5.97% | |
| SBI Life Equity Optimiser Pension | ₹56.66 | ₹910 Cr | 11.16% | 12.07% | |
| SBI Life Top 300 Pension | ₹54.18 | ₹668 Cr | 10.86% | 12.14% | |
| SBI Life Midcap Fund | ₹49.2 | ₹49877 Cr | 19.47% | - | |
| SBI Life Corporate Bond Fund | ₹16.42 | ₹1082 Cr | 5.41% | - | |
| SBI Life Equity Elite II | ₹50.21 | ₹10924 Cr | 10.15% | 11.04% | |
| SBI Life Index | ₹45.79 | ₹86 Cr | 10.91% | 11.5% | |
| SBI Life Index Pension | ₹47.82 | ₹24 Cr | 11.04% | 11.55% | |
| SBI Life Discontinued Policy Fund | ₹25.48 | ₹10053 Cr | 5.62% | 5.98% | |
| SBI Life Equity Elite | ₹85.33 | ₹11 Cr | 13.2% | 13.85% | |
| SBI Life P-E Managed | ₹38.09 | ₹194 Cr | 9.57% | 9.82% | |
| SBI Life Guaranteed Pension GPF070211 | ₹26.56 | ₹2 Cr | 5.09% | 6.44% | |
| SBI Life Bond Pension II | ₹23.44 | ₹28700 Cr | 5.21% | 6.27% | |
| SBI Life Equity Pension II | ₹40.41 | ₹10509 Cr | 10.97% | 11.85% | |
| SBI Life Money Market Pension II | ₹20.81 | ₹1527 Cr | 5.52% | 5.71% | |
| SBI Life Discontinue Pension Fund | ₹21.52 | ₹6325 Cr | 5.64% | - | |
| SBI Life Group Growth Plus Fund | ₹56.26 | ₹2 Cr | 8.46% | - | |
| SBI Life Group Debt Plus Fund | ₹40.18 | ₹110 Cr | 6.33% | - | |
| SBI Life Group Balance Plus Fund | ₹47.81 | ₹10 Cr | 7.33% | - | |
| SBI Life Group Balance Plus Fund II | ₹26.31 | ₹978 Cr | 7.4% | - | |
| SBI Life Group Debt Plus Fund II | ₹26.06 | ₹285 Cr | 6.38% | - | |
| SBI Life Group Growth Plus Fund II | ₹26.41 | ₹264 Cr | 8.77% | - | |
| SBI Life Group Short Term Plus Fund II | ₹21.48 | ₹19 Cr | 5.84% | - | |
| SBI Life Group Money Market Plus Fund | ₹13.92 | ₹2 Cr | 3.18% | - |
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In Conclusion
Investors should keep in mind that NAV can be influenced by market fluctuations and changes in the value of the underlying assets of the fund. NAV in ULIP is a key component to determine a fund’s future performance. It is important to carefully assess the risk profile and investment objectives before purchasing a ULIP scheme, as a long-term approach helps identify the best SIP investment that aligns with your financial goals.
FAQs
-
What does NAV tell you?
NAV (Net Asset Value) tells you the current market value of each unit in your ULIP or mutual fund. It reflects the fund's performance and helps investors assess the value of their investment. -
Is NAV a good indicator?
NAV alone is not a definitive indicator of a fund's performance. It's essential to consider other factors like investment objectives, risk profile, past performance, expense ratio, and market conditions when evaluating the suitability of a fund.
Insurers Offering ULIPs
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or
insurance product offered by an insurer.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.