I am investing in a mutual fund through SIP for the past 3 years. Why it is showing that my overall gain as 1.26% while my annualized return is showing as 7.59% .
How it is possible? If I had totally invested Rs.100 for the past 3 years and now it is Rs.101.26, then how my annualized return could be 7.59% ? Am I missing anything here? Please advise.
P.S: I have also sold some units in between from this mutual fund.