XIRR
Extended Internal Rate of Return
Investment PlanningThe annualised return of a series of cash flows on irregular dates, solved so their present values sum to zero. It is the correct return measure for SIPs and staggered investments.
Formula
Sum of [CF_t / (1 + XIRR)^(days/365)] = 0
Why it matters
Point-to-point returns mislead when money entered at different times. XIRR weighs each rupee by how long it was actually invested, which is why fund statements report it.
Indian example
Related terms
Learn the concept
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