The right measure for a SIP or a real portfolio, where money went in at many prices. CAGR assumes one lump sum invested once; XIRR weights each instalment by how long it was actually invested.
For the formula and the constants behind this figure, see Methodology.
Guides that use XIRR
4 guides put this term to work.
- Absolute, CAGR, XIRR: which return are you looking at?Three numbers that all answer “how did it do?” and disagree with each other. Which one your statement shows, which one this site shows, and when each is the honest one.
- Recency bias: why investors keep buying at the topThe industry's entire product cycle is built on it — themes launched after they run, tables ranked by past return, money arriving at the peak.
- Case study: a 20-year SIP through every crashComputed from a real index fund's NAV history: ₹24.5 lakh became ₹86.75 lakh at an XIRR of 11.18% — after being down 39% three years in.
- Your master plan: a 30-year wealth blueprintThe five decisions that determine the outcome, ranked — fund selection comes fifth — the blueprint by life phase, and the seven-line policy statement to write today.
More on returns
What the fund made, and over what stretch of time.
- NAV
- The per-unit price of the fund, published once each business day.
- Absolute return
- Plain point-to-point growth over a period under a year, not annualized.
- CAGR
- The steady yearly rate that would have taken the start NAV to the end NAV.
- YTD
- Return from 1 January of the current calendar year to the latest NAV.
- Rolling returns
- The same holding period measured from every possible start date, not just today's.
- Since inception
- Annualized return over the fund's whole available NAV history.
- Benchmark
- The market index a fund's mandate says it is trying to beat.