One invests in mutual funds to earn potentially higher returns than those in traditional investment products, and I’m sure everyone looks at the one-year, three-year, five-year, 10-year and since inception returns of a fund before investing.
What do these returns tell you? These returns tell you how much the fund has delivered in that particular time-frame from a start date to an end date. While the one-year returns are absolute, the returns of higher periods are annualised. So, if a fu ..
