By the way, I found the authentic answer on Reliance MF Site.
Refer following link: http://www.reliancemutual.com/Reliancesip/SIPCalculator.aspx
The tool lets you choose fund along with dates. Choose Reliance Growth Fund - growth. Also select period as monthly & SIP date 2nd. Enter from date = 01/01/2000, o date = 01/01/2010 & value as on date = 03/01/2010. Click on Show to diaplsy returns.
The result comes to be Rs. 924,197.11 with scheme CAGR yield 38.26%. 38 Lakhs is far cry from actual 9 lakhs.
@praveen - I do not mean any offense. But I also believe in calculating stuff myself. Hope the illustration helps forum users.
Refer following link: http://www.reliancemutual.com/Reliancesip/SIPCalculator.aspx
The tool lets you choose fund along with dates. Choose Reliance Growth Fund - growth. Also select period as monthly & SIP date 2nd. Enter from date = 01/01/2000, o date = 01/01/2010 & value as on date = 03/01/2010. Click on Show to diaplsy returns.
The result comes to be Rs. 924,197.11 with scheme CAGR yield 38.26%. 38 Lakhs is far cry from actual 9 lakhs.
@praveen - I do not mean any offense. But I also believe in calculating stuff myself. Hope the illustration helps forum users.
Thnx for the hard work god bless u