I was just going thru Moneycontrol SIP calculator for a particular fund and I end up in confusion.
Confusion is in ‘returns’ if I use Moneycontrol SIP calc for SBI Magnum TAX G fund it shows 10.5% annualized returns. However if I see returns on performance sheet for 3yrs it shows 20.6%.?? So now question is which is relevant in SIP returns calculations. for instance if I use jagoinvestor SIP calculator then I should enter 20% or 10% returns?
For better understanding I have put together couple of screenshots.
MoneyControl SIP calculator for SBI Magnum Tax Gain 3yrs returns 10.05%
http://img1.imagehousing.com/48/f82d6fac28335e4e9f60e0460c1c0be9.png
Moneycontrol 3yrs Returns showing 20.6% and valueresearchonline also shows 20.6% returns(annualized)
http://img1.imagehousing.com/56/00f8ad3306ec98d5bb6bc3674c7a09f9.png
Links of Moneycontrol SBI Magnum Tax Gain fund and SIP calculator
http://www.moneycontrol.com/mutual-funds/nav/sbimagnumtaxgainschemeg/MSB093
Valuerearchonline link for SBI Magnum Tax Gain Fund
http://www.valueresearchonline.com/funds/newsnapshot.asp?schemecode=198
Jagoinvestor SIP Calculator
https://www.jagoinvestor.com/calculators/html/SIP-Calculator.html
p.s. I have checked couple of other funds as well and there is huge discrepancy.
Any thoughts please!