Same fund. Two bars. Two verdicts.
| The bar | CAGR pct | Rs 10L in 10Y | Verdict |
|---|
| NIFTY 50 price index . the TV number | 12.0 | 31.06L | the low bar |
| The fund . brochure hero | 13.0 | 33.95L | +2.89L vs TV bar |
| NIFTY 50 TRI . dividends reinvested | 13.3 | 34.86L | fund 0.91L short |
The dividends alone are Rs 3.80L on this cheque. 38 pct of the original Rs 10L. That is what the price chart quietly drops on the floor.
Since Feb 2018 SEBI requires funds to benchmark against the TRI. Every comparison chart drawn before that collected the dividend gap as free alpha.