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CAGR Calculator

CAGR is the annual rate at which an investment would have grown if it had risen steadily every year. It is the fairest single number for comparing two investments held for different lengths of time.

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₹1,000₹10 Cr

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₹1,000₹100 Cr

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1 year40 years

What this assumes

The investment was made once at the start and held without further additions or withdrawals. If money went in or came out during the period, CAGR is the wrong measure and XIRR should be used instead.

Compound annual growth rate
—

over 5 years

Absolute return—
Total gain—
Money multiple—
Time to double at this rate—
Amount invested—
Total gain—

Illustration only, based on the assumptions you enter. Not a projection or guarantee of returns. Does not account for taxes, exit loads or expenses.

YearOpening valueGrowth in yearValue at year end

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How it works

What the CAGR Calculator is doing

CAGR smooths a bumpy journey into a single annual rate. An investment that rose 40% one year and fell 15% the next did not grow steadily, but CAGR tells you the constant rate that would have produced the same end value over the same period.

The formula

CAGR = (Ending value ÷ Beginning value)1/n − 1

where n is the number of years. The result is expressed as a percentage per year.

CAGR against absolute return

Absolute return tells you the total percentage gain and ignores time entirely. An investment that doubled has a 100% absolute return whether that took three years or thirty, which makes it useless for comparison. CAGR fixes that by putting everything on a per-year basis. Both figures are shown above so you can see the difference.

When CAGR is the wrong tool

CAGR assumes one investment at the start and one value at the end. The moment money moves in or out during the period, it stops being accurate. If you have been running a SIP, each instalment was invested for a different length of time, and the correct measure is XIRR, which accounts for the timing of every cash flow. Most Mutual Fund statements report XIRR for this reason.

CAGR also hides volatility completely. Two schemes can show the same CAGR while one moved gently and the other swung violently. If you would have panicked and redeemed midway through the second one, the CAGR you would actually have received is not the one on the fact sheet.

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What Nidhish Investments distributes

Nidhish Investments, founded by Nimesh Vala, is an AMFI-registered Mutual Fund Distributor and an APMI-registered PMS Distributor working with families across Gujarat. We distribute three categories of SEBI-regulated products, and the right one depends on the capital you are working with and the risk you can carry.

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Common questions

Questions people ask about CAGR

What is a good CAGR?

It depends entirely on the asset. For a debt scheme, 7% may be perfectly reasonable. For equity over ten years, investors typically hope for double digits. The meaningful comparison is against a relevant benchmark index and against other schemes in the same category over the same period.

What is the difference between CAGR and XIRR?

CAGR handles a single investment held from start to finish. XIRR handles multiple cash flows on different dates, which is what a SIP produces. For any portfolio you have added to over time, XIRR is the accurate measure and CAGR will mislead you.

Can CAGR be negative?

Yes. If the ending value is lower than the beginning value, the CAGR is negative, showing the annual rate at which the investment shrank. The calculator handles this correctly.

Does CAGR account for inflation?

No. It is a nominal figure. To see what the investment did in purchasing-power terms, subtract inflation over the same period, roughly, or use the Inflation Calculator to compare against what the amount needed to become just to stand still.

Why does past CAGR not predict future returns?

Because it describes one path that has already happened. A scheme with a strong five-year CAGR may have benefited from market conditions that will not repeat, or from a fund manager who has since left. It is one input among several, not a forecast.

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Statutory disclosures and risk disclaimer

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Nidhish Investments is an AMFI-registered Mutual Fund Distributor holding ARN-364347, and an APMI-registered Portfolio Management Services Distributor holding APRN-10163. We act solely as a distributor of investment products. We are not registered with SEBI as an Investment Adviser and do not provide investment advice, financial planning or portfolio management services.

This calculator is provided for illustration only. It uses the assumptions you enter and does not constitute a projection or guarantee of returns. It does not account for taxes, exit loads, expenses or changes in regulation. Past performance of any scheme, strategy or portfolio manager is not indicative of future results, and no returns are assured or guaranteed.

As a distributor, Nidhish Investments receives commission or brokerage from Asset Management Companies and portfolio managers on investments made through us. Details of commission earned on any product will be disclosed to you on request. Investors are advised to consult their own tax and legal professionals before investing. Registration status can be independently verified on the AMFI and APMI websites.