From valueresearchonline.com the best performing equity fund is “IDFC Small & Midcap Equity-G” with a return of 23.37% for 3 years. To calculate annual return it is 23.37/3, or 7.79%!!!
This looks to be much less than an FD giving around 9.25% an year or 27.75% for 3years. Am I missing anything in MF return calculation?