Investment word of the day: Extended Internal Rate of Return — what is XIRR and why is it crucial for MF investors? | Mint
Source: Live Mint Anyone investing in various instruments, including a Systematic Investment Plan (SIP) or regular deposits in mutual funds, will need to consistently track returns to assess the performance of their investments and make informed decisions. Tracking investments may seem straightforward initially; however, when multiple investments are involved, looking at returns may become complicated….