Your fund beat the Nifty.
Which Nifty.
34.86
NIFTY 50 TRI . Rs lakh . Rs 10L over 10Y, dividends reinvested
vs
31.06
NIFTY 50 price index . same Rs 10L, dividends forgotten
A friend forwarded a factsheet last night. The fund beat the Nifty by a full point a year, ten years running. One question before the applause. Which Nifty. The number on TV is a price chart. It forgets every dividend the 50 companies ever paid. The honest bar reinvests them, and it runs about 1.3 points a year hotter.