Hi,
Please help me in understanding the Mutual Funds return in long term (10 years).
If I invest 1,00,000 every year in PPF, and assume the rate is 8.8%, so at the end of the 10th year the amount will be 16,37,294 (cumulative interest).
Suppose the Fund “HDFC Top 200” has given below returns over the past 10 years.
Fund Name 1-YReturn(%) 3-Y % 5-Y Return(%) 7-Y % 10-Y Return(%)
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HDFC Top 200 -7.84 25.55 13.58 20.98 27.89
So, as per above returns if I have invested the same 1,00,000 every year, what will the amount after 3 yrs (25.55% return) and after 10 yrs (27.89% return) ?
Thanks!!