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According to Groww, 1-year return of Mirae Asset India Equity Fund - Direct - Growth is being calculated as 10.6% according to the data pulled on 15-Mar-2019. However, I am not being able to verify that number from the data published (hover over the chart in the page linked above).

The NAV on 15-Mar-2019: 53.21. The NAV on 14-Mar-2018: 48.11

CAGR: (53.21-48.11)/48.11*100 = 10.60%

However, the difference between two dates is 366 days (last day not inclusive), which is 1 day more than 1 year. Why is there this discrepancy?

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    I'm confused on the question - the NAV at the close of 14-Mar-2019 was 53.21 (mutual fund only post NAV at the end of the day). Even if you used 366 days as the basis the CAGR would be 10.57% and still round to 10.6%. What exactly is the confusion? – D Stanley Mar 18 '19 at 13:47
  • And not every year has 365.25 days. You are aware that there is a longer year every single 4 year period? They likely standardized and did not wan to get sued - so they rounded the year length up. – TomTom Mar 19 '19 at 7:11

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