Explore the significance of CAGR in Mutual Funds and its impact on investment growth.
Sources: investopedia
CAGR, or Compound Annual Growth Rate, reflects the average annual return rate over a specific period.
Sources: investopedia
Divide the final value of an investment by its initial value, raised to the power of 1/n, where n represents the number of years invested, and subtracting 1.
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Consider an investment growing from ₹10,000 to ₹20,000 over 5 years, yielding a CAGR of approximately 15%.
Sources: investopedia
CAGR helps investors assess the performance of mutual funds accurately, accounting for fluctuations and volatility.
Sources: investopedia