Hi I did not understand that why have they calculated TWRR as (133/100)^(1/3) -1 for fund A.Why have they cashflows not been considered? Also,In MWRR calculation in RHS how did 152.656 for fund A and 150.565 for fund B come?
Hi Nimisha TWRR: This is considered in detail in ASET We are given unit prices: the price of a unitised fund will automatically give us a time weighted return without having to consider the external cashflows. An external cashflow into a fund changes the value of the fund but it does not change the unit price.