Net Asset Value (NAV) is a financial metric commonly used in investment and finance to evaluate the value of an investment fund or entity. It represents the total value of an entity's assets (such as securities, cash, and other holdings) minus its liabilities (including expenses, debts, and obligations). The NAV is typically expressed on a per-share or per-unit basis.
In the context of mutual funds, exchange-traded funds (ETFs), and investment trusts, the NAV per share or unit is the price at which investors buy and sell shares or units of the fund.