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Basically, I am trying to figure out the future profit. I am investing in reliance tax growth SIP 1000 rs per month. The cost value is 22000 and the net value showing 22500. and the current NAV is 19.2. I am not able to figure out the % of profit.
asked in Mutual Funds by (170 points)

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Since, you've given this amount in monthly mode and not as a one time investment, so we can't use simple interest formula. Use IRR formula in excel. Since, you're sitting on margin profit, don't go in for profit and loss at this stage. Instead, use this down market opportunity to invest little more
You can also check SIP returns at SIP calculator http://www.investmentkit.com/mutualfunds/index.shtml

Hope it will help you.
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answered by (48.8k points)

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