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Do you know? Many investors confuse XIRR and CGAR but it is important to understand their different roles as they can give you a different perspective on your returns. It can also help you to make informed decisions regarding your portfolio’s performance.
The Extended Internal Rate of Return (XIRR) calculator is used to estimate your SIP returns so that you can get a clear picture of your investment performance.
Imagine that you planted three different plants in three different months. For example, a mango tree in January, a coconut tree in February and a banana tree in March. Now, in June you want to know how fast the trees are growing on an average. Since these trees were planted in different months, a simple dividing formula will not work.
You need to calculate using the data like months in which trees were planted, how many fruits they are giving and how tall the trees are.
Similarly, to perform such smart calculations with your investment, you can use the XIRR calculator.
For example, I invested in a mutual fund through SIP with the following details:
Read More - Calculate the Percentage of Money
I used the Bajaj XIRR calculator to estimate the returns on my investment through SIP.
The calculator instantly showed me the result that the return for my investment will be 16.83% per annum.
XIRR also called Extended Internal Rate of Return is a measure that estimates annual return on your investment. The calculation considers factors like timing of the investment and total invested amount.
For example, you invest ₹6,000 per month for 1 year and get ₹8,000 at the end. This means that XIRR used the data like investment date and cash flow amount to calculate the return.
The Extended Internal Rate of Return (XIRR) calculator is used to estimate your SIP returns so that you can get a clear picture of your investment performance. It helps the investors to easily calculate their returns on their investment by considering information like investment dates and cash flow amount.
The XIRR calculator can be used for investments made in mutual funds, SIP or stock market. The calculator makes it easy to calculate the returns by avoiding complex manual calculations. By entering a few basic details of your investment like dates and investment amount, you can instantly estimate your XIRR. This also provides you a clear picture of how your investment is performing.
For example, Rahul wants to calculate the XIRR on the irregular investments by using the XIRR calculator. The details are as follows:
Also Read - Expected Return Formula
₹10,000
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Below are the steps to use the Groww XIRR calculator:
By providing the above details of your investment, you get the results instantly.
Below are the benefits of using the XIRR calculator:
By using the XIRR calculator, you can enjoy the above benefits.
It can be concluded that using the XIRR calculator is very helpful to estimate the annual rate of returns on the investment. It helps you to keep a track on your investment performance in a more clear way. It is a simple online tool that can be used easily by providing a few basic details of your investment.
What is XIRR?
XIRR also called Extended Internal Rate of Return is a measure that estimates annual return on your investment.
How is XIRR calculated?
You can use the XIRR calculator to calculate the XIRR on your investment.
What is the difference between CAGR and XIRR?
CAGR helps to understand the return on lumpsum investment whereas XIRR helps to understand the average annual return of a SIP.
How much XIRR is decent?
The ideal XIRR depends on the type of investment and your financial goals.
How to calculate XIRR for multiple investments?
You can use any online XIRR calculator to calculate your annual return on multiple investments.
