Noes higher nav not equal to higher returns

[Vedant_Patel1]

I was comparing NAV and returns of Kotak and sbi small cap direct growth plan their NAV is 192 and 129 respectively and there’s annual return comes out to be 20.92% (Kotak) and 26.86% (SBI) so I was wondering why doesn’t higher nav co-relate to higher returns

[GB26]

NAV can start at 10 for some funds and can start at 1000 for some funds. It does not have any significance.

Also, look at this.

Low NAV doesn't mean cheaper fund