Can I calculate returns on an insurance-linked policy?

Yes. Enter dated premiums, survival / maturity receipts and an optional surrender or fund value. Analyse guaranteed, illustrated and actual values separately. Death benefits and the value of insurance protection are excluded.

Does the calculator automatically apply income-tax rules?

No. Tax can be excluded, entered manually on its dates, or estimated using your custom rate on entered taxable amounts. Policy mode supports manual tax or no tax.

Can I calculate present value and NPV?

Yes. The calculator discounts dated receipts and outflows at your required annual return to show present values and before-tax / after-tax NPV.

Why might XIRR be unavailable?

XIRR needs positive and negative net cash flows on different dates. Some schedules have no root in the search range or multiple valid roots. In those cases, review NPV and the cash-flow schedule.

Should I enter maturity proceeds and remaining value together?

Only when the remaining value represents a separate holding still left after those receipts. Do not count the same maturity or sale proceeds twice.

Does the year-wise table show annual investment performance?

No. It groups invested money, receipts, taxes and costs by financial or calendar year. Measuring each year’s portfolio return also requires opening and closing valuations.

Can I download my analysis?

Yes. The FigmentOne PDF includes assumptions, results, dated cash flows, year-wise summaries, NPV sensitivity and any saved scenario comparisons.

Loans & Savings · Updated for tax year 2026-27

Investment Return & Policy ROI Calculator

Investment return is measured from the money you pay and receive on their actual dates. Enter investments or policy premiums, payouts, costs and a remaining value to compare annualised XIRR, total ROI and NPV before and after your entered tax assumptions.

Enter your details

Values you enterComputed values

Analyse

Actual or proposed cash flows · INR

Present value as of

Required return / discount rate

Income tax treatment

Assumed effective tax rate

Assumed annual inflation

Tax is estimated only on the taxable portion you enter. No slabs, exemptions or holding-period rules are applied automatically. Use gross receipts if tax is entered separately.

Date	Invested ₹	Received ₹	Taxable portion ₹	Fees / costs ₹	Tax ₹	Action
					0
					2,000
					2,000
					2,000
					2,000
					2,000

Receipts include payouts, withdrawals and maturity proceeds. Do not enter reinvested income as an external receipt.

Investment still held?

Add its current or expected final value. Leave zero if the schedule already includes full maturity or sale proceeds.

Valuation date

Remaining investment value ₹

Estimated tax on liquidation ₹

Manual estimate, applied at the valuation date.

Add recurring investments / premiums

Append dated outflows quickly. Include charges already included in the premium; do not add them again.

First payment date

Payment amount ₹

Number of payments

Frequency

Your investment results

5.0 years · 6 cash-flow rows

Annualised XIRR before tax

9.99%

Annualised XIRR after tax

8.00%

2.00 percentage points difference from entered tax / credits.

After-tax NPV is negative: cash flows fall short of your 8.0% required return.

Total invested

₹1,00,000

Receipts plus remaining value

₹1,50,000

Total tax / credits

₹10,000

Separate fees / costs

₹0

Net profit after tax and costs

₹40,000

Total ROI before tax

50.00%

Total ROI after tax

40.00%

Annual return after tax and inflation

2.85%

Present value and NPV

Discounted to 2026-04-01 at 8% a year.

PV of receipts before tax₹1,07,965

PV of receipts after tax₹99,980

PV of investments and costs₹1,00,000

NPV before tax₹7,965

NPV after tax-₹20

Cash payback date

01 Apr 2031

Discounted payback date

Not recovered

Future value of net receipts

₹1,46,935

Payback excludes remaining value. Future value assumes net receipts accumulate at your selected discount rate; it is not a guaranteed reinvestment return.

Year	Invested ₹	Received ₹	Tax / credit ₹	Net flow ₹
2026-27	1,00,000	0	0	-1,00,000
2027-28	0	10,000	2,000	8,000
2028-29	0	10,000	2,000	8,000
2029-30	0	10,000	2,000	8,000
2030-31	0	10,000	2,000	8,000
2031-32	0	1,10,000	2,000	1,08,000

Cash-flow totals, not annual portfolio returns. Receipts include any notional remaining value.

Discount rate	Before-tax NPV ₹	After-tax NPV ₹
6.00%	16,832	8,409
8.00%	7,965	-20
10.00%	-24	-7,604

Cash flows stay fixed; only the discount rate changes.

Scenario name

Snapshots are kept only while this calculator page is open.

Illustrated policy benefits are non-guaranteed. No automatic tax-law eligibility is determined. Verify entered payouts, charges and taxes.

Disclaimer: Computed to the best of our knowledge, as per the law — including the section changes under the Income-tax Act, 2025 — in force on the date this website was last deployed (12 Nov 2026). Results are estimates for guidance only and are not tax, legal or investment advice. Please verify with the Act, rules and notifications, or a qualified professional, before relying on them. Rates and limits last reviewed on 28 Sep 2026.

How to use the Investment Return Calculator

1
Choose Investment or Investment-linked Policy. For a policy, analyse guaranteed, illustrated or actual / surrender values separately.
2
Choose the present-value date, required annual return and inflation assumption. The present-value date must be on or before every cash flow.
3
Add dated investments / premiums and receipts. Use the recurring-payment helper for regular contributions. Enter separate costs only if they are not already included.
4
Exclude tax, enter tax / credits on their payment dates, or use a custom rate on the taxable portion you enter. Policy mode supports manual tax or no tax; it does not determine tax exemptions.
5
If the investment is still held, enter its remaining or surrender value and valuation date. Leave this zero when the schedule already contains the full sale or maturity receipt.
6
Review returns, NPV, year-wise cash flows and sensitivity. Save up to four comparison snapshots and download the PDF report.

Investment return, XIRR and NPV formulas

Net cash flow = receipts − investments − separate costs − tax

XNPV = Σ [net cash flow / (1 + discount rate)^(days / 365)]

XIRR = annual effective rate at which XNPV equals zero

Total ROI = total net profit / (investments + separate costs)

Real XIRR = (1 + after-tax XIRR) / (1 + inflation) − 1

FV of net receipts = PV of net receipts × (1 + discount rate)^(last-date days / 365)

Dates use Actual/365. PV and NPV use your selected present-value date. XIRR is annualised; total ROI is not. Fees reduce both before-tax and after-tax results. A terminal value is a notional receipt for return calculations and is excluded from cash payback.

Worked investment example

Invest ₹1,00,000 on 1 April 2026. Receive ₹10,000 annually for five years, with ₹1,00,000 principal repaid alongside the final receipt.
At an entered 20% tax on the ₹10,000 annual income, each net income receipt is ₹8,000. XIRR is approximately 10% before tax and 8% after tax; leap years cause a small date-weighting difference.
Only ₹10,000 of the final ₹1,10,000 receipt is entered as taxable. This demonstrates custom-rate arithmetic, not tax rules for a particular investment.

Insurance-linked policy returns

Use premiums as outflows and survival / maturity benefits as receipts. Guaranteed benefits, non-guaranteed illustrations and actual surrender values are separate scenarios with independent inputs.

The example policy pays ₹1,00,000 on each 1 April from 2026 to 2030, followed by a ₹7,50,000 guaranteed or ₹11,00,000 illustrated receipt on 1 April 2041. The actual / surrender example uses ₹4,50,000 on 1 April 2031. These figures are invented examples, not a quoted policy.

Death benefits and the value of insurance protection are excluded from the investment return. A lower investment return alone does not establish whether insurance cover is suitable.

Tax and charges: prevent double counting

No automatic tax slabs, exemptions, capital-gains classification, policy eligibility or holding-period rules are applied. A custom rate is your effective assumption on an entered taxable amount, not a tax-law determination.

Use gross receipts when you separately enter tax. If payouts or fund values are already net of charges, do not add those charges again. Negative manual tax represents an applicable refund or credit on its actual or assumed receipt date.

How to interpret the results

Positive after-tax NPV means entered cash flows exceed your selected required return; negative NPV means they fall short. This assesses the assumptions you enter and does not guarantee payouts.

Financial-year and calendar-year summaries aggregate cash flows. They do not measure each year’s portfolio return without opening and closing portfolio values. Inflation-adjusted XIRR uses a constant annual inflation assumption.

Payback is the first entered cash-flow date after which cumulative net cash flow stays non-negative through the entered schedule. A remaining value is excluded because it has not been received in cash. Future value of receipts assumes accumulation at the selected discount rate.

Multiple XIRRs and comparisons

Cash flows that change sign repeatedly can have several XIRRs or no useful single rate. The calculator reports multiple roots instead of choosing a misleading return. Its search range is −99.99% to 10,000% a year. For complex schedules, compare NPV as well.

Saved comparisons freeze both results and inputs. Loading one restores its assumptions; later edits do not change the saved snapshot. Compare scenarios with consistent dates, amounts, inflation and discount-rate assumptions.

Frequently Asked Questions

ROI is total profit divided by invested money and separate costs, without annualising. XIRR accounts for actual payment and receipt dates to estimate an annual effective return.