
CAGR refers to the mean annual growth of an investment over a specific time duration. It is assumed that the value of investment is compounded over the duration. Unlike Absolute Return, CAGR takes time value of money into account. As a result, it is able to reflect the true returns of an investment generated over a year.
CAGR (Compound Annual Growth Rate)  20.11% CAGR Calculator
Where can you use CAGR calculators CAGR is an easy to use tool to analyse your investment decisions. It finds application in the following scenarios:
The CAGR can be calculated using the mathematical formula
CAGR = [ (Ending value/Beginning Value)^(1/N) ] -1
The above formula depends on three variables. Namely, the beginning value, ending value and Number of years (N)
When you input the above three variables, the CAGR calculator would give you the rate of Return on Investment.
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Even though CAGR is a useful concept, it has a lot of limitations. A lack of awareness of these limitations would lead to bad investment decisions. Some of the limitations are:
In calculations related to CAGR, it’s only the beginning and end values. It assumes that the growth is constant over the duration of time and fails to consider the Volatility aspect
It is suitable only for a lump sum investment. As in case of a SIP investment, the systematic investment at various intervals wouldn’t be considered as only the beginning value is considered while calculating the CAGR
CAGR does not account for the risk inherent in an investment. When it comes to equity investment, risk-adjusted returns are more important than CAGR. For these purposes, you need to consider better ratios like Sharpe Ratio
 "The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of MLIIF - WGF. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or units of money market/liquid schemes of DSP Merrill Lynch Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized."   Below is the key information for DSP World Gold Fund   Returns up to 1 year are on   The investment objective of the Scheme will be to generate returns that correspond closely to the returns generated by IDBI Gold Exchange Traded Fund (IDBI GOLD ETF).   Research Highlights for IDBI Gold Fund   Below is the key information for IDBI Gold Fund   Returns up to 1 year are on   An Open ended Fund of Funds Scheme with the investment objective to provide returns that tracks returns provided by Birla Sun Life Gold ETF (BSL Gold ETF).   Research Highlights for Aditya Birla Sun Life Gold Fund   Below is the key information for Aditya Birla Sun Life Gold Fund   Returns up to 1 year are on 1. DSP World Gold Fund
DSP World Gold Fund 
 Growth Launch Date   14 Sep 07  NAV (28 Oct 25)   ₹41.2272  ↑ 0.49   (1.20 %)  Net Assets (Cr)   ₹1,421 on 31 Aug 25  Category  Equity - Global AMC   DSP BlackRock Invmt Managers Pvt. Ltd.  Rating  ☆☆☆ Risk  High Expense Ratio  1.41 Sharpe Ratio  1.8 Information Ratio  -1.09 Alpha Ratio  3.15 Min Investment   1,000  Min SIP Investment   500  Exit Load   0-12 Months (1%),12 Months and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹7,753 30 Sep 22 ₹6,406 30 Sep 23 ₹7,497 30 Sep 24 ₹10,968 30 Sep 25 ₹21,899  Returns for DSP World Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  -4.7%  3 Month  34.5%  6 Month  47.3%  1 Year  75.7%  3 Year  44.7%  5 Year  16.3%  10 Year    15 Year    Since launch  8.1%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  15.9%  2023  7%  2022  -7.7%  2021  -9%  2020  31.4%  2019  35.1%  2018  -10.7%  2017  -4%  2016  52.7%  2015  -18.5%   Fund Manager information for DSP World Gold Fund 
Name Since Tenure Jay Kothari 1 Mar 13 12.59 Yr. Data below for DSP World Gold Fund as on 31 Aug 25 
 Equity Sector Allocation 
Sector Value Basic Materials 95.54%  Asset Allocation 
Asset Class Value Cash 1.83% Equity 95.6% Debt 0.01% Other 2.56%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  BGF World Gold I2  
Investment Fund  | -76% ₹1,268 Cr 1,456,030 
 ↓ -89,620  VanEck Gold Miners ETF  
-  | GDX23% ₹389 Cr 573,719  Treps / Reverse Repo Investments  
CBLO/Reverse Repo  | -1% ₹18 Cr  Net Receivables/Payables  
Net Current Assets  | -0% ₹3 Cr 2. IDBI Gold Fund
IDBI Gold Fund 
 Growth Launch Date   14 Aug 12  NAV (29 Oct 25)   ₹31.173  ↑ 1.32   (4.40 %)  Net Assets (Cr)   ₹254 on 31 Aug 25  Category  Gold - Gold AMC   IDBI Asset Management Limited  Rating  Risk  Moderately High Expense Ratio  0.64 Sharpe Ratio  2.38 Information Ratio  0 Alpha Ratio  0 Min Investment   5,000  Min SIP Investment   500  Exit Load   0-12 Months (1%),12 Months and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹9,217 30 Sep 22 ₹10,058 30 Sep 23 ₹11,430 30 Sep 24 ₹14,833 30 Sep 25 ₹22,097  Returns for IDBI Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  3.4%  3 Month  21.4%  6 Month  23.6%  1 Year  48.9%  3 Year  31.8%  5 Year  17.7%  10 Year    15 Year    Since launch  9%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  18.7%  2023  14.8%  2022  12%  2021  -4%  2020  24.2%  2019  21.6%  2018  5.8%  2017  1.4%  2016  8.3%  2015  -8.7%   Fund Manager information for IDBI Gold Fund 
Name Since Tenure Sumit Bhatnagar 1 Jun 24 1.33 Yr. Data below for IDBI Gold Fund as on 31 Aug 25 
 Asset Allocation 
Asset Class Value Cash 2.75% Other 97.25%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  LIC MF Gold ETF  
-  | -99% ₹369 Cr 353,644 
 ↑ 83,600  Treps  
CBLO/Reverse Repo  | -2% ₹7 Cr  Net Receivables / (Payables)  
CBLO  | -1% -₹4 Cr 3. Aditya Birla Sun Life Gold Fund
Aditya Birla Sun Life Gold Fund 
 Growth Launch Date   20 Mar 12  NAV (29 Oct 25)   ₹35.0149  ↑ 1.47   (4.40 %)  Net Assets (Cr)   ₹725 on 31 Aug 25  Category  Gold - Gold AMC   Birla Sun Life Asset Management Co Ltd  Rating  ☆☆☆ Risk  Moderately High Expense Ratio  0.51 Sharpe Ratio  2.66 Information Ratio  0 Alpha Ratio  0 Min Investment   100  Min SIP Investment   100  Exit Load   0-365 Days (1%),365 Days and above(NIL)   Growth of 10,000 investment over the years. 
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹8,974 30 Sep 22 ₹9,669 30 Sep 23 ₹11,048 30 Sep 24 ₹14,179 30 Sep 25 ₹21,356  Returns for Aditya Birla Sun Life Gold Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Oct 25 Duration Returns 1 Month  3.6%  3 Month  22%  6 Month  24.5%  1 Year  50.4%  3 Year  31.7%  5 Year  17.6%  10 Year    15 Year    Since launch  9.6%   Historical performance (Yearly) on absolute basis 
Year Returns 2024  18.7%  2023  14.5%  2022  12.3%  2021  -5%  2020  26%  2019  21.3%  2018  6.8%  2017  1.6%  2016  11.5%  2015  -7.2%   Fund Manager information for Aditya Birla Sun Life Gold Fund 
Name Since Tenure Priya Sridhar 31 Dec 24 0.75 Yr. Data below for Aditya Birla Sun Life Gold Fund as on 31 Aug 25 
 Asset Allocation 
Asset Class Value Cash 0.93% Other 99.07%  Top Securities Holdings / Portfolio 
Name Holding Value Quantity  Aditya BSL Gold ETF  
-  | -100% ₹913 Cr 89,486,826 
 ↑ 9,590,606  Net Receivables / (Payables)  
Net Current Assets  | -2% -₹15 Cr  Clearing Corporation Of India Limited  
CBLO/Reverse Repo  | -1% ₹11 Cr 
Research Highlights for DSP World Gold Fund