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XIRR Calculator India

Calculate the true annualised return (XIRR) for irregular cash flows — mutual fund SIPs, lumpsum + top-ups, real estate investments with EMI and rent. XIRR accounts for the exact timing of each cash flow, giving you the real return that CAGR cannot.

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How to Use This Calculator

Calculate XIRR tab

Enter each cash flow with its date and amount. Use negative amounts for investments (money going out) and positive amounts for redemptions or current value (money coming in). You need at least one negative and one positive cash flow. Click + Add cash flow to add more rows. The calculator instantly computes the XIRR using the Newton-Raphson method.

MF SIP XIRR tab

Enter your monthly SIP amount, SIP start date, current portfolio value (or redemption value), and the valuation date. The calculator automatically generates monthly cash flows for each SIP instalment and computes the true XIRR. This is the correct way to measure SIP performance — not the simple CAGR that most fund houses show.

Real Estate XIRR tab

Enter the purchase price, stamp duty percentage, purchase date, sale price, and sale date. Optionally add monthly EMI (if financed with a home loan) and monthly rent received (if rented out). The calculator generates all cash flows and shows you the true property XIRR — typically much lower than the naive (sale-purchase)/purchase calculation that most people use.

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The XIRR Formula

XIRR (Extended Internal Rate of Return) finds the annualised discount rate that makes the net present value (NPV) of all irregular cash flows equal to zero:

XIRR equation:
Σ [ Ci / (1 + r)(di - d0) / 365 ] = 0

Where:
Ci = Cash flow amount (negative for outflows, positive for inflows)
di = Date of cash flow i
d0 = Date of the first cash flow
r = The XIRR rate we are solving for

Newton-Raphson method:
rnew = rold − f(r) / f'(r)

Where f(r) = NPV at rate r, and f'(r) is the derivative of NPV with respect to r.
Starting guess: r = 0.1 (10%). Max iterations: 1000. Tolerance: 10-10.

Bisection fallback:
If Newton-Raphson does not converge (e.g., multiple roots, steep gradients), a bisection search is performed between −99% and +1000%, halving the interval each iteration until the NPV is within tolerance.

Key difference from CAGR:
CAGR assumes a single investment on day 1 and a single redemption at the end. XIRR handles multiple cash flows at arbitrary dates, making it the correct measure for SIPs, STPs, and any investment with irregular contributions or withdrawals.

Example

Priya — IT professional in Pune, evaluating her 3-year MF SIP

Priya (31) has been investing ₹10,000/month via SIP in a flexi-cap mutual fund since January 2023. In March 2026, her portfolio value is ₹5,20,000. She wants to know her true annualised return.

Step 1: SIP details

Monthly SIP amount₹10,000
SIP start date1 Jan 2023
Valuation date22 Mar 2026
Number of instalments39
Total invested₹3,90,000 (₹3.90 L)
Current value₹5,20,000 (₹5.20 L)

Step 2: XIRR result

Wealth gained₹1,30,000
Absolute return33.3%
Simple CAGR~9.5%
XIRR (true annualised return)~16.8%

Why is XIRR higher than CAGR?

The simple CAGR of ~9.5% treats the entire ₹3.9L as invested on day 1 in January 2023. But Priya actually invested ₹10K per month — her later instalments have been invested for a much shorter time. XIRR correctly weights each instalment by its actual duration, revealing that her fund has been compounding at ~16.8% per annum on a time-weighted basis. This is the true performance of her fund.

FAQ

CAGR (Compound Annual Growth Rate) measures the annualised return between two points — an initial value and a final value. It assumes all money was invested at once on day 1. CAGR is perfect for lumpsum investments. XIRR (Extended Internal Rate of Return) handles multiple cash flows at different dates. It finds the single annualised rate that makes the NPV of all cash flows equal to zero. Use XIRR when you have SIPs (monthly investments), partial withdrawals, additional lump sums, or any investment pattern with irregular cash flows. For a running SIP, XIRR is always the correct measure — CAGR will understate your fund's performance because it does not account for the shorter investment duration of later instalments.
IRR (Internal Rate of Return) assumes cash flows occur at equal intervals (e.g., every month or every year). It is used in corporate finance for projects with regular periodic cash flows. XIRR is the generalised version that works with cash flows on any date — irregular intervals, missed months, additional lump sums, etc. For personal finance in India — SIPs, real estate, or any investment where dates matter — always use XIRR. Excel has both IRR() and XIRR() functions; use XIRR() for investment evaluation.
The return shown on fund house websites (e.g., "3-year return: 18%") is the point-to-point CAGR of the fund's NAV — it measures how much the NAV grew over the period. Your SIP XIRR will be different because: (1) you invested at different NAV prices each month, not just the starting NAV; (2) your effective investment duration is shorter (average ~half the period for a regular SIP); (3) market timing luck — if the fund rose more in the later months when you had more invested, your XIRR may be higher than the scheme CAGR, and vice versa. Your XIRR is the return you actually earned. The scheme return is the return the fund delivered to a lumpsum investor.
Yes, XIRR can be negative. A negative XIRR means your investment has lost money on an annualised basis. For example, if you invested ₹5,00,000 over 2 years via SIP and the current value is ₹4,20,000, the XIRR will be negative — indicating an annualised loss. Negative XIRR is common during bear markets or if you invested in an underperforming sector fund. It does not necessarily mean the fund is bad — it could simply reflect the market cycle. Check the XIRR over a longer period (5+ years) before making redemption decisions.
To calculate the true XIRR of a property in India, you need to list every cash flow: (1) Purchase outflow: property price + stamp duty + registration charges on the purchase date; (2) Monthly EMI outflows: if financed with a home loan, each EMI is a separate negative cash flow; (3) Monthly rent inflows: if the property was rented out, each month's rent is a positive cash flow; (4) Sale inflow: the final sale price on the sale date. The XIRR of Indian real estate — when all costs are included — is typically 6-10% per annum, significantly lower than the 15-20% naive return most people calculate using just (sale price - purchase price) / purchase price. The naive method ignores stamp duty (5-10%), EMIs paid over years, maintenance charges, property tax, and brokerage.

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