HomeDefinitionsCompareDebt Growth and income fundThe financial definition for Growth and income fund:A mutual fund that invests primarily in stocks with a history of capital gains (growth) and consistent dividend payments (income). Similar MatchesAggressive Growth Hedge FundAggressive Growth Hedge FundIn the context of hedge funds, a style of management that focuses primarily on equities that are expected to have strong earnings growth. Aggressive growth mutual fundAggressive growth mutual fundA mutual fund designed for maximum capital appreciation that places its money in companies with high growth rates. Compound Annual Growth RateCompound Annual Growth RateBest defined by example. If you invest $100 today and make 5% in the first year and reinvest ($105) and make 8% in the second year, the compound annual growth rate is 6.489%. The calculation is $100x1.05x1.08=$113.4 which is what you end up with at the end of year two. The average return is [square root(113.4/100) -1]= 0.06489 or 6.489%. Note 1. If we had three compounding periods we would take the cubic root (power of 1/3). Note 2. If we had invested at exactly 6.489 in both periods, we get $100x1.06489x1.06489=$113.4. Note 3. The example is directed to a return - but CAGR could be applied to earnings growth, GDP growth, etc. Further SuggestionsCompound growth rateConstant growth model Economic growth rate Full Employment and Balance Growth Act of 1978(Humphrey Hawkins Act) Growth fund Growth manager Growth opportunity Click to compare definitions of Growth and income fund Click to view definitions beginning gr |