XIRR calculator
Total return lies to a staggered investor: it ignores when the money went in. XIRR is the annualised rate your cash flows actually earned — the number that compares a SIP against a fixed deposit honestly.
Money you invested is a negative amount; money you got back is positive. Then enter what the investment is worth today.
enMoney computes this automatically from the transactions you import — Indian, Australian and US holdings in one ledger, with each regime's own tax rules.
See what enMoney tracksIf you invest ₹10,000 a month into a mutual fund, the "17% return" on your statement divides your gain by your cost and ignores timing. Your first instalment compounded for three years; last month's barely moved. XIRR solves for the single annual rate that makes all your dated cash flows — every SIP debit, every redemption, plus today's value — net to zero.
That is the number to compare against an FD rate or an index fund's CAGR. A fund showing 17% total return can have an XIRR of 10%, or 25%, depending on how the instalments were spread. CAGR assumes one investment held from day one; XIRR handles any pattern of buys, sells and dividends.
Convention used here: money you paid is negative, money you received is positive, and the current value of the holding is treated as money received today — without it, an unsold investment has no rate at all. Reinvested dividends should be left out of the flows; their units are already inside today's value, and counting the reinvestment as a fresh contribution understates your return.
Frequently asked questions
What is the difference between XIRR and CAGR?
CAGR assumes a single lump sum invested once and held. XIRR handles any series of dated investments and redemptions — SIPs, top-ups, partial sells — and finds the one annualised rate matching all of them. For a single buy-and-hold they agree; for anything staggered, XIRR is the honest number.
How do I compute XIRR for a SIP?
Enter every SIP instalment as a negative amount on its debit date, any redemption as a positive amount, and the fund’s current value in the "Value today" field. The calculator treats that value as a final positive flow and solves for the annualised rate.
Should I include reinvested dividends?
No. The units bought by a reinvested dividend are already part of today’s value, and no cash left your pocket for them. Adding the reinvestment as a contribution double-counts it and drags your XIRR down by up to a few percentage points.
Why does the calculator show — instead of a rate?
XIRR needs at least one negative flow (an investment), one positive flow (a redemption or today’s value), and a span of more than a day between them. Same-day round trips and all-negative histories have no meaningful annualised rate.