Same fund. Same NIFTY 50. The distribution most brochures never print.

NIFTY 50 TRI rolling 5Y CAGR across every monthly start from Apr 2002 to Apr 2021. About 230 overlapping 5Y windows. Each bar is the percentile of the distribution. The headline CAGR is one window. The reality is the range.

5Y rolling CAGR . NIFTY 50 TRI . 2002 to 2026

~230 monthly start windows

Worst 5Y

-1.2

pct CAGR

5th pct

3.6

pct CAGR

25th pct

8.4

pct CAGR

Median

12.8

pct CAGR

75th pct

16.9

pct CAGR

Best 5Y

22.4

pct CAGR

The brochure number

14.0 pct

Long-run NIFTY 50 TRI CAGR. True. Also the only number on the marketing pdf.

What you actually got

-1.2 to 22.4 pct

Range across 5Y windows. A 23 percentage point spread on the same index, depending on the Monday you walked in.

Illustrative percentile cohort built from publicly available NIFTY 50 TRI monthly closes. Numbers rounded. Past performance . backtest only . not a guarantee. Method matters more than the exact decimal here.