Mutual Funds
XIRR (Extended Internal Rate of Return)
Your portfolio's true annualised return with irregular flows.
XIRR annualises returns across real-world SIPs, step-ups and withdrawals on their actual dates — unlike absolute returns, which ignore time. It's the number that lets you compare your messy portfolio against a flat 12% benchmark honestly.
Example
₹10k/month SIP for 3 years ending at ₹4.5L on ₹3.6L invested ≈ ~15% XIRR, not 25%.