The conversation between human and AI assistant.
What is meant by NAV in mutual funds and gold ETFs? What does it convey? What is its importance?
What happens if the NAV of a mutual fund or ETF goes down?
If the NAV of a mutual fund or ETF goes down, it means that the value of the fund's assets has decreased, which can be due to a variety of factors such as market conditions or changes in the economic environment. Investors may decide to sell their units at a lower price, but it's important to consider the overall performance of the fund and not just the NAV.