XIRR (Extended Internal Rate of Return) is the annualised return Rupeezy shows for your mutual fund investments. Unlike a plain gain or loss on one lump sum, XIRR accounts for the fact that you invested — and sometimes redeemed — different amounts on different dates, which is normal for a SIP or for multiple purchases in the same fund.
Why can't I just look at my overall gain or loss?
A single lump-sum investment has one obvious return: what it's worth now versus what you paid. A SIP, or a fund you've added to more than once, doesn't — each instalment has been invested for a different length of time, so a simple percentage on the total mixes money that's been growing for years with money that went in last month. XIRR solves this by finding the single annual rate of return that explains every cash flow — each purchase and each redemption, on the date it actually happened — arriving at today's value. That's why your XIRR and your plain Returns figure rarely match for a SIP.
Where do I see XIRR on Rupeezy?
Rupeezy shows XIRR at three levels, all reached from the Portfolio tab of the app:
- Whole portfolio — Portfolio XIRR sits on the value card at the top of the Portfolio tab, alongside Current Value and Overall Return. This is your annualised return across every mutual fund you hold, combined.
- One fund's folio — open any fund under My Mutual Funds and its card shows an XIRR of its own — the annualised return for that fund alone. Tap into that fund's own details screen and the same XIRR appears again there, alongside Avg Purchase NAV and Units. If your holding in a fund is split across more than one folio, this figure is for the one folio you're viewing, not the scheme as a whole.
- Against the market — tap View Analysis to open Portfolio Analysis, where the XIRR Analysis card puts your Portfolio XIRR next to Nifty 50 XIRR, so you can see whether your funds have kept pace with the broader market over the time you've actually been invested.
See How to view mutual fund investments on Rupeezy? for the Portfolio tab and fund list, How to view mutual fund investment details on Rupeezy? for the per-folio XIRR, and How do I see my mutual fund portfolio analysis on Rupeezy? for the XIRR Analysis card.
Is XIRR the same as my Returns figure?
No. Returns (or Overall Return) is the plain gain or loss — current value minus what you put in, shown in rupees and as a percentage. XIRR turns that into an annualised rate that also accounts for when each rupee went in. For a one-time lump sum with no withdrawals, the two will be close. For a SIP, or a fund you've topped up more than once, they will usually differ — and that's expected, not an error.
Things to keep in mind
- XIRR moves with the market, same as your other figures. It isn't a fixed or guaranteed rate — it recalculates from your actual cash flows and today's NAV each time you open the screen.
- A brand-new investment shows a dash instead of a percentage. XIRR needs some history to calculate, so a fund you bought moments ago won't have one yet.
- Portfolio XIRR and a single fund's XIRR can point in different directions. One fund can be down while your portfolio as a whole is up, or the reverse — each figure only reflects what it's measuring.
- You can sort your fund list by XIRR from the Sort option on My Mutual Funds, if you want to compare your holdings by this figure directly.