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Ulhas Joshi |254 Answers |Ask -Follow

Mutual Fund Expert - Answered on Mar 14, 2023

With over 16 years of experience in the mutual fund industry, Ulhas Joshi has helped numerous clients choose the right funds and create wealth.
Prior to joining RankMF as CEO, he was vice president (sales) at IDBI Asset Management Ltd.
Joshi holds an MBA in marketing from Barkatullah University, Bhopal.... more

Question by mohan on Mar 04, 2023Hindi

Money

how does anyone compute the gain on redemption of mutual fund if rs.10000 is invested in 2005 and now rs.50000 is redeemed

Ans: One of the best ways to value calculate returns is using the extended rate of returns, popularly called XIRR.

As you have invested Rs.10,000 and their redemption value is Rs.50,000, you have derived an XIRR of around 9.35% for the tenure.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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