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Do you know, there is no actual compounding in MFs? It's just a concept, an approx. measuring grid which we use in conjunction with fixed deposit(s).
Basically, compounding is simply not application where the rate of retirn varies.
Henxe, there is no compounding in any equity linked project like stock/MFs, ....... , etc.
It's just/simply an appriciation over our holding period.