Financial AdviceJanuary 17, 2023by Kritika Chauhan0XIRR: A versatile indicator of your financial returns
What is XIRR in mutual funds? While investing in equity mutual funds through Systematic investment plans (SIP), it becomes imperative for us to track and measure the returns over our investment duration. Normally, a good measure for quantifying returns is the compounded annual growth rate (C.A.G.R) which is calculated by the formula: (Final investment/Initial Investment)...