The Mutual Fund Net Asset Value or NAV is the total market value of all the assets, including cash, held by the fund, after deducting its liabilities. The per unit NAV represents the market value of one unit of the mutual fund. It is the price at which investors can buy or redeem the mutual fund’s units. The per unit NAV is computed by dividing the total value of all the assets of the mutual fund, less any liabilities, by the number of units outstanding.