Hello there,
Niftybees on 5 July 2002 = 107.50
Niftybees on 25 October 2019 = 1222.90
So this means total growth over 17 years is
(1115.4/17) = 65.61% Right?
Let me know if I am correct or not.
Hello there,
Niftybees on 5 July 2002 = 107.50
Niftybees on 25 October 2019 = 1222.90
So this means total growth over 17 years is
(1115.4/17) = 65.61% Right?
Let me know if I am correct or not.
That is wrong, CAGR is calculated as( (ending value/beginning value) power 1/n ) - 1.
((1222.9/107.5) POWER 1/17) -1.
Check this for more.