What would ₹1 lakh become in 10 years at a 15% CAGR?
Based on these numbers, the CAGR works out to about 15.00%.
What is CAGR?
CAGR (Compound Annual Growth Rate) is the constant annual rate at which a single investment would need to grow to go from its beginning value to its ending value over a given period — it assumes one entry and one exit, unlike XIRR which handles multiple cash flows.