Economy Investing in equity mutual funds? Here are six mistakes to be avoided at all costs Updated : May 27, 2019 01:00 PM IST As the funds’ NAV is based on the underlying asset’s market price, the NAV of a well-managed fund can grow better than other funds. The dividend declared is paid out of a fund’s own AUM, which means the investors’ own money. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.