XIRR Calculator

Work out the annualised return (XIRR) on investments made and redeemed on different dates — the right way to measure returns on SIPs, mutual funds and stock purchases. Enter each cashflow: investments as negative, money received as positive.

DateAmount (₹) — invest as −, receive as +

XIRR (Extended Internal Rate of Return) is the correct way to measure return when money goes in and out on different dates — for example a monthly SIP, top-up investments, or shares bought over time and sold later. Unlike a simple return or CAGR, XIRR weights every cashflow by exactly how long it was invested, so it reflects your true annualised return.

How XIRR is calculated

XIRR is the rate r that makes the net present value of all cashflows equal zero, discounting each by the number of days from the first cashflow (on an Actual/365 basis):

0 = Σ CFi ÷ (1 + r)(di − d0) ÷ 365

There is no closed-form solution, so it is solved numerically — this calculator uses a Newton-Raphson search with a bisection fallback, the same method as a spreadsheet's XIRR function.

Worked example

Invest ₹1,00,000 on 1 Apr 2022, another ₹50,000 on 1 Apr 2023, and the holding is worth ₹2,00,000 on 1 Apr 2024. Total invested ₹1,50,000, received ₹2,00,000 — but because the two investments were held for different lengths of time, the annualised XIRR is 18.58%, not a simple 33%.

XIRR vs CAGR vs absolute return

Absolute return just compares final to invested value and ignores time. CAGR assumes a single lump sum for a whole number of years. XIRR handles multiple investments on any dates, which is why mutual-fund and SIP statements report XIRR. For a single lump-sum investment held for a whole year, XIRR and CAGR give the same answer.

Frequently asked questions

What sign should I use for each amount?
Money you invest is negative; money you receive back — redemptions or the current value — is positive. You need at least one negative and one positive cashflow.
Is XIRR the same as the return in my mutual-fund app?
Yes — fund houses and platforms report XIRR for SIPs because it accounts for the timing of every instalment.
Why is XIRR different from my total gain percentage?
Total gain ignores how long each amount was invested. XIRR annualises and time-weights every cashflow, so a quick gain shows a higher XIRR than the same gain over many years.
Can XIRR be negative?
Yes — if you received back less than you invested (adjusted for timing), XIRR is negative.

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Estimates for general guidance, not financial advice. Investment returns are not guaranteed; past performance does not predict future results.
Written by the CalcPine team · Reviewed for accuracy · Last updated 16 July 2026 · Method: Newton-Raphson solve of the XIRR (Actual/365) equation, bisection fallback.