Yes. Mutual funds invest the money collected from the investors in the securities markets. Since the value of the securities changes every day, NAV of a scheme also varies on a day to day basis.
How do I Dematerialize the Mutual Funds in Fyers?
How do I allocate the fund to my MF account on Fyers Direct?
How to invest in SIPs or a lump sum?
What is the Bank Mandate?
How do I add the BSE MF segment to my existing trading account?
How do I check whether the Mutual Funds segment (BSE MF) is enabled in my account?