What was the fund's return in 2022?

Question 33

EasyOriginal question

A mutual fund's NAV was ₹50 at the start of 2022, ₹60 at the end of 2022, ₹54 at the end of 2023 and ₹72 at the end of 2024. (Take $(1.44)^{1/3} = 1.1292$ .)

What was the fund's return in 2022?

10%Correct answerYour answer12%Correct answerYour answer

\frac{50}{3}

%Correct answerYour answer20%Correct answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

Return $= \frac{60 - 50}{50} \times 100$ .
20%.

Worth noting

$\frac{50}{3}$ % divides the ₹10 gain by the end value, 60, instead of the start value.

Concept: A one-year return
Typical timeTypical: 90 s
Your timeYours: —

The rule this testsRate of return and CAGR

Practise this chapter →

Ten questions from EMI, CAGR & Depreciation, at your own pace.

Practise this chapter →

Ten questions from EMI, CAGR & Depreciation, at your own pace.

What was the fund's return in 2022?

Question 33

Explanation