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What is the significance of CAGR in Mutual Funds? | #mutual funds #mutual funds online

What is the significance of CAGR in Mutual Funds?

What is the significance of CAGR in Mutual Funds?

Compound Annual Growth Rate (CAGR) is a financial metric used to measure the average annual growth rate of an investment or business over a specific period of time. It takes into account the compounding effect of investment returns or business growth over multiple years.