If your business makes investments in equipment and employee benefit contributions, you may need to track the average annual rate of return over a span of time for financial reporting obligations.
Past performance may or may not be sustained in future.
When investing in mutual funds, examining the past returns of the schemes you're interested in is a crucial step. There are several ways to calculate these returns, with XIRR and CAGR being two ...
Remember to compare XIRR returns with category average and peers. If you are taking the Systematic Investment Plan (SIP) route to invest in mutual funds and build wealth, you need to know how to ...