Home/Tools/Private Equity/IRR & MOIC Calculator

AssetsNest Investment Lab · Private Equity

IRR, MOIC & CAGR Calculator

Calculate XIRR, MOIC, profit and holding period from dated investments and distributions, then see exactly why the timing changes the answer.

Editable assumptionsIndian rupeesBrowser-only inputs

Interactive model

Rebuild the return from dated cash flows

Inputs stay on this device

Use negative amounts for investments and capital calls; use positive amounts for distributions, repayments and exit proceeds.

DateAmount

₹

Illustrative values. Include fees and taxes as negative cash flows when they belong to the return being measured.

XIRR10.1%Annual rate from actual dates

MOIC1.55×Total cash returned ÷ invested

Profit₹55 lakh

Cash-flow span5.0 years

Dated investment cash flows

202120232026

Cash flow

Explain my result

The entered cash flows returned 1.55× over 5.0 years. XIRR is 10.1%, which reflects when each rupee entered and left the investment. With few interim cash flows, the MOIC-implied annual rate and XIRR can be close.

Compare scenario

What this means

MOIC measures magnitude. IRR measures speed. A 2.0× result in three years is about 26% annualised; the same multiple over ten years is about 7.2%.

Private investments call and return capital at irregular times. Adding the cash flows shows profit; annualising their timing shows how long the investor's money was actually at work.

Calculation method

How this tool works

MOIC = positive cash flows ÷ absolute negative cash flows. XIRR solves for the annual rate that makes the present value of all dated cash flows equal to zero.

Cash flows use actual calendar dates and a 365.25-day year. Negative entries are investments; positive entries are distributions or exit proceeds. The equivalent annual rate based on MOIC is shown only as a cross-check and should not replace XIRR when interim cash flows exist.

View calculation limitations

Results depend entirely on the values and scenarios entered. The model simplifies real legal, tax, liquidity, valuation and market conditions and should be used to understand relationships—not to predict an actual investment outcome.

Common mistakes

Where a correct calculation can still mislead.

01
Comparing a gross deal IRR with a net investor IRR.
02
Counting unrealised NAV as though it were a cash distribution.
03
Ignoring subscription lines or debt-funded distributions that alter timing.
04
Using CAGR when there are multiple investments and withdrawals.

Continue through the knowledge graph

Tools, guides and real cases connected to this result.

Learn the concept

Investment Return Measures→IRR vs MOIC→Private Equity: Fund Structure, Returns and the J-Curve→

Test it in a case

NAV loans: when an early distribution is funded by a new senior claim→IPEV 2025: a private-company mark is a documented judgement, not a market price→

Questions investors ask

Answers without the sales pitch.

Is XIRR the same as CAGR?

No. CAGR compares one starting value with one ending value. XIRR uses every dated cash flow.

Can IRR have no meaningful answer?

Yes. A schedule without both an outflow and an inflow has no investment IRR. Some unusual cash-flow patterns can also produce multiple mathematical solutions.

Does a higher IRR always mean a better investment?

No. Compare the money multiple, capital at risk, realised cash, leverage, fees and loss path as well.

Important information

AssetsNest tools and calculations are provided solely for educational and informational purposes. Results are illustrative and depend on assumptions entered by the user. Actual performance, liquidity, fees, taxes, risks and outcomes may differ materially. Nothing on this page is investment advice, a recommendation, solicitation, assurance of returns or an offer to buy or sell any security or investment product. Investors should conduct independent due diligence and consult appropriately qualified financial, legal and tax professionals where required. AssetsNest Investor Services — ARN 318691.

Stay with the question

Change the assumptions. Then read the evidence.

Explore all Investment Lab tools →