Redemption Analysis: what would your mutual funds be worth if you had never sold?
A FREE “what if you had stayed invested” check, with complete privacy.
Most investors redeem at some point: to meet a goal, in an emergency, to book profits or out of worry when markets fall. Few ever find out what that money would be worth today if it had stayed invested. The PortfolioCube Redemption Analysis works it out from your own statement in a couple of minutes, completely free: no sign-up, no login and nothing to install.
Every redemption in your statement, whether in one go or through a Systematic Withdrawal Plan (SWP), is put back. Those units stay invested to your statement date and are valued at the NAV published by AMFI for each date. Purchases, SIPs, switches, STPs and dividend (IDCW) payouts stay exactly as they happened, so the only difference between the two portfolios is the money you took out.
Exclusive to PortfolioCube. In our research of popular Indian mutual fund apps and portfolio trackers (October 2026), we did not find any other tool that shows what your redeemed units would be worth today had you stayed invested, scheme by scheme, from your own statement and inside your browser.
What you get, free
1. Redemption Summary PortfolioCube Framework
Four numbers that tell the story: the amount you received from your redemptions (with how many redemptions, from how many schemes and between which dates), the value now of what you still hold in those schemes, their value if not redeemed, and your gain from staying invested, with a one-line plain-English summary.
2. No-redemption Journey
- Two-line chart: your actual Market Value against the value if nothing had been redeemed, with BSE Sensex or NSE Nifty 50 on the right axis and money in / out bars underneath.
- Period buttons from 1 year to All, and holdings on any date: click the chart to see the no-redemption holdings that day.
- 12 wealth milestones PortfolioCube Framework: ₹5 L, 15 L, 25 L, 50 L, 75 L, 1 Cr, 2 Cr, 3 Cr, 4 Cr, 5 Cr, 7.5 Cr and 10 Cr, with the date each would have been reached.
3. Your Money and Returns
Money put in, money taken out, value now and total gain for the no-redemption portfolio; the redemption, switch and STP amounts in the period; and XIRR, index CAGR and Alpha from YTD to All years.
4 and 5. Asset Allocation and Portfolio Distribution if not redeemed
How the no-redemption portfolio would be split across Equity, Hybrid, Debt and Gold & Silver and by fund category, and its CAMS / KFintech distribution by fund house or scheme.
6. Audit: schemes with redemptions
One row for every scheme you redeemed from: number and dates of redemptions, units and amount received, value now, value if not redeemed (units × NAV, with the NAV date), the gain from staying invested, and the scheme’s XIRR as it happened and if not redeemed. Sort by any column.
PDF report, your way
Download a clean PDF of the full analysis, or tick Include in PDF on the sections you want. Every page has linked buttons to each section, and you can have the PDF emailed to you.
Which statements work
- CAMS / KFintech Consolidated Account Statement (detailed, since inception): the most complete, covering funds serviced by both registrars.
- MF Central detailed CAS: works for its own statement period.
- MF Utilities CAN-based statement (CoTS): covers orders placed through MF Utilities only, and is labelled that way.
- Value Research transaction history (.xls): on its own, or to add old folios missing from your CAS.
- Two statements can be combined, for example yours and your spouse’s.
A summary statement lists only today’s holdings, with no transactions, so redemptions cannot be found in it.
How to use the tool
- Coming from the Advanced Portfolio Health Check? If your statement shows redemptions, the report there ends with a Redemption Analysis card. Click Open Redemption Analysis and your statement opens here in the same browser tab, without uploading it again.
- Or upload your statement here: click Upload CAS (PDF) and enter the PDF password if asked. When you request the CAS, enter your PAN, so no folio is missed.
- Read your analysis. Once your statement is read, press Show my Redemption Analysis; the analysis appears below the upload and fills in while daily NAVs are loaded. Use the buttons under the version line to jump to any section.
- Explore: switch periods, compare with BSE Sensex or NSE Nifty 50, click any date for the holdings that day, and sort the audit table.
- Save or share: click the printer icon to download the PDF, or have it emailed to you.
What the analysis does not include
- Exit loads and taxes you would have avoided, or would still owe, had you not redeemed.
- IDCW that the redeemed units would have earned after they were sold.
- What you did with the money. If you reinvested it in another fund, that purchase is already in both portfolios; if it paid for a goal, that value is real but not something a statement can show.
So read the gain from staying invested as the market’s side of the story, not a verdict on the decision. A redemption that funded a home, a child’s education or an emergency may have been exactly right.
Privacy built in
Your files are read inside your browser and never uploaded to any server. Only fund data is used: your name, PAN, email and address are ignored and never stored. The password only opens the file. When you open this page from the Advanced Portfolio Health Check, the statement already read there is passed over in your browser tab only (it is cleared when the tab is closed), with every PAN replaced by a stand-in.
Terms used on this page
Redemption – selling units of a fund for money paid to your bank, in one go or through a Systematic Withdrawal Plan (SWP). Switches and Systematic Transfer Plans (STPs) move money between your own funds, so they are not counted as redemptions; nor are IDCW reinvestment, transmission or merger entries.
No-redemption portfolio – your portfolio with every redemption taken out of the statement, so the redeemed units stay invested to the statement date. Everything else stays as it happened.
Amount Received – the money paid out for the redemptions, after STT or TDS where the statement shows it.
Value if Not Redeemed – Formula: value now + units redeemed × NAV on the statement date.
Gain from Staying Invested PortfolioCube Framework – Formula: Value if Not Redeemed − value now − amount received. Above zero means staying invested would have left you better off. Example: you redeemed 1,000 units at a NAV of ₹50 and received ₹50,000; the NAV today is ₹80, so those units would be worth ₹80,000 and the gain from staying invested is ₹30,000 (before exit load and tax).
XIRR – your true annual return, taking the date and size of every investment and withdrawal into account.
CAGR – the compound annual growth rate of an index such as the BSE Sensex or NSE Nifty 50 between two dates.
Alpha – on this page, the no-redemption portfolio’s XIRR minus the index CAGR over the same period, in percentage points.
Wealth Milestones PortfolioCube Framework – twelve marks from ₹5 L to ₹10 Cr, flagged on the chart when the no-redemption portfolio first reached each one.
For a full health check of your portfolio – Health Score, allocation, findings, costs and cashflow – use the Advanced Portfolio Health Check, or the Basic Quick Check for a two-minute check-up.
The Redemption Analysis is a free self-check tool and is not investment advice. Past returns do not guarantee future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Nawneet Kumar Panjiyar is an AMFI-registered Mutual Fund Distributor (ARN-303470).
