Nett Asset Value

The value of a mutual fund’s assets minus its liabilities, divided by the number of outstanding shares. NAV represents the per-share value of the mutual fund and is calculated daily based on the closing prices of its underlying assets

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a specified period of time. NPV is used to evaluate the profitability of an investment or project and is calculated by discounting future cash flows to their present value.