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Published: April 19, 2026 | 6 min read | Platform Guide | Portfolio

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Discover which vintage of buying has compounded best — and what your real long-run CAGR is

What You Will Master

The Vintage tab shows two complementary views of your Indian equity portfolio's historical performance. The Vintage Cohort groups your holdings by the year you first bought them and ranks each cohort by return — answering "which era of buying has worked best?" The CAGR Since First Purchase table shows your portfolio's annualised return from each cohort year all the way to today — answering "what has my actual compounding rate been over my full holding history?"

What This Guide Covers:

What "vintage" means — first-buy year, not current holding year
Reading the Vintage Cohort — cohort CAGR, sorting, expand/collapse
Reading the CAGR Since First Purchase table — cohort year, holding period, CAGR to today, wealth multiple
Why only Indian equities are included
Practical insights — what both views reveal about your investing behaviour

Who This Is For:

Long-term investors — those with 3+ years of trade history who want to see compounding in action
Self-assessment investors — checking whether different market periods (2020 crash, 2021 bull run, 2022 correction) were entered well
Behaviour analysts — understanding whether you tend to buy better in bear markets or bull markets

What does "vintage" mean in the Vintage Cohort?

Vintage = the calendar year of your first recorded purchase of a stock. A stock you first bought in 2020 belongs to the 2020 cohort regardless of whether you added more in later years. Cohort year is determined by your earliest buy date for that ticker, not your most recent purchase.

How is cohort CAGR calculated?

Cohort CAGR is the annualised return of all holdings in that year-cohort, weighted by invested amount, from the earliest purchase in that cohort to today. It is not the simple average of individual stock CAGRs — it is a weighted compound return that reflects how much capital you deployed in each stock of that vintage.

Why are cohorts sorted by best performers?

The most successful cohort appears at the top, not the most recent year. This reveals immediately which market period produced your best buys. A 2020 cohort at the top means stocks bought during the COVID crash have been your best performers. A 2022 cohort at the top means recent buys are ahead of older ones — unusual and worth examining.

What does each row in the CAGR Since First Purchase table show?

Each row represents one cohort year — the year you first started buying stocks. The row shows: Bought From (the cohort year), Held For (how many full years from that year to today), CAGR to Today (the annualised return over that entire period with a colour bar), and Multiple (e.g. 8.2× means ₹1 lakh invested at that time is now worth ₹8.2 lakh).

Why does the CAGR for older cohort years matter more than recent ones?

Older cohort rows have longer holding periods, which means their CAGR is computed over more market cycles — bull runs, corrections, recoveries. A 9-year CAGR is a much more reliable signal of your portfolio's compounding power than a 1-year CAGR, which is heavily influenced by luck and timing. The oldest row is your most honest long-term performance number.

Why does the Vintage tab show only Indian equities?

The vintage and CAGR calculations require consistent historical price data going back to your first purchase date. The platform's price history database covers Indian equities (NSE/BSE). Global equities (US stocks) and mutual funds use different data pipelines that are not yet integrated into the vintage analytics engine.

What does the Multiple column in the CAGR table show?

The Multiple column shows the total wealth growth factor for that cohort period. A Multiple of 8.2× means ₹1 lakh of portfolio value at that starting year has grown to ₹8.2 lakh today. It is derived from (1 + CAGR)^years and makes the compounding power tangible — a 20% CAGR over 9 years produces a 5.2× multiple; 25% CAGR over 9 years produces a 8.6× multiple.

What does the summary strip at the top of the tab show?

The strip shows four numbers for your entire Indian equity portfolio: Total Invested (cumulative cost basis), Value Now (current market value at live prices), Overall Return (absolute % gain/loss), and As of (the date these numbers were last computed). These are the same numbers shown in the Stats Strip on the Holdings tab but filtered to Indian equities only.

What the Vintage Tab Shows

The Vintage tab contains two analytical views built from your Indian equity trade history. Both views update in real time as prices change — there is no run button; the tab loads and computes automatically.

View	Question It Answers	Unit of Analysis
📅 Vintage Cohort Deep Dive	Which era of buying has compounded best?	Holdings grouped by first-buy year
📊 CAGR Since First Purchase	What is my actual annualised return from each cohort year to today — and what multiple has that produced?	One row per cohort year, CAGR to today + wealth multiple

Indian equities only. The Vintage tab includes only IN_EQ (Indian Equity) holdings. Global equities and mutual funds are excluded from both views. If your portfolio is split across asset classes, the summary strip at the top reflects only the Indian equity portion.

📅 Vintage Cohort Deep Dive

The Cohort view groups your holdings by the year of your first recorded purchase of each stock — the "vintage year." A stock you first bought in March 2020 belongs to the 2020 cohort, even if you added more shares in 2022 and 2023.

How Cohorts Are Sorted

Cohort sections are sorted by best-performing first — the cohort with the highest weighted CAGR appears at the top. Within each cohort, individual holdings are also sorted from best to worst return.

A cohort at the top of the list is one where your stock-picking or market timing was strongest — typically cohorts from market troughs (2020 COVID crash, 2022 correction) outperform cohorts from bull market peaks.

What Each Cohort Section Shows

Year header — the cohort year (e.g. "2020 Vintage") with the cohort CAGR and number of holdings
Individual holdings — each stock's return from your first purchase to today, invested amount, and current value
Expand/Collapse — click the section header to expand or collapse. The "Collapse All" button at the top folds all cohorts simultaneously for a quick overview.

A cohort CAGR is weighted by invested amount, not stock count. If your 2021 cohort has 8 stocks but 6 of them have small positions and 2 have large ones, the CAGR is dominated by the large-position stocks. This is correct — it reflects your actual capital allocation, not just how many stocks you picked.

What the Cohort View Reveals About You

If 2020 cohort CAGR >> 2021 cohort: You deployed capital well during the COVID crash but may have overpaid in the subsequent bull run.
If most recent cohort is your best: Your most recent buys are outperforming — either the market has risen since you bought, or your recent stock selection has been stronger.
If every cohort has similar CAGR: You are a consistent buyer across market cycles — your returns are determined more by stock selection than market timing.

📊 CAGR Since First Purchase

Below the Cohort view, the CAGR table answers a single direct question: "If I look at my portfolio from each year I started buying, what is my annualised return to today?" One row per cohort year, no matrix — just a clean vertical read of how your compounding has built up across the full horizon.

How to Read the Table

Bought From	Held For	CAGR to Today	Multiple
2017	9 years	28.5%	8.2×
2018	8 years	25.1%	5.9×
2019	7 years	29.3%	6.1×
2020	6 years	35.8%	6.8×
2021	5 years	18.4%	2.3×
2022	4 years	22.0%	2.0×
2025	1 year	−4.2%	0.96×
2026	< 1 year	—	—

Green bar = strong CAGR (≥ 20%). Yellow = moderate (10–20%). Red = negative. Current-year cohort shows — until a full year has elapsed.

Bought From: The cohort year — the year you first bought any stock in that cohort.
Held For: Full years from that cohort year to today. Current-year cohorts show < 1 year and no CAGR — there is not enough history for a meaningful annualised figure yet.
CAGR to Today: The annualised return of your portfolio's cumulative value from that year to today. Shown with a colour bar (green/yellow/red) for at-a-glance scanning.
Multiple: Total wealth growth — e.g. 8.2× means ₹1 lakh of portfolio value in 2017 grew to ₹8.2 lakh by today. Computed as (1 + CAGR)^years.

The oldest row is your most honest number. Your 2017 (or earliest) row shows your full-history CAGR across bull markets, bear markets, and recoveries — all of it. A 9-year CAGR of 28% means you have genuinely compounded at that rate. Compare it to Nifty 50's CAGR over the same period: that gap is your alpha.

What to Watch for Row by Row

2020 cohort often the standout: Stocks bought during the COVID crash at beaten-down prices typically show the highest CAGR because the entry price was low. A very high 2020 row CAGR is a timing win, not skill necessarily.
Recent rows (1–2 years) are unreliable: A 1-year CAGR is one year's market move — noise, not signal. Do not draw conclusions from rows with fewer than 3 years.
If older rows show higher CAGR than recent ones: This is normal — time compounds, and longer-held positions have had more time to appreciate. It does not mean your recent buys are bad.
If recent rows show higher CAGR than your 2017 row: Your portfolio may have done less well in the early years (typical for most investors learning) and improved more recently. The overall picture is still captured in your oldest row.

Practical Insights from Both Views

Insight 1 — Your best buy years reveal your market timing ability

If your top cohort is 2020 (COVID crash) or 2022 (rate-hike correction), you deployed capital well during fear-driven selloffs. If your top cohort is 2021 (bull run peak), your entry timing may be working against long-term returns for those holdings.

Insight 2 — Weak recent cohorts are expected, not alarming

The most recent cohort (current year or last year) almost always has lower CAGR than older cohorts — there simply hasn't been enough time for compounding to work. Do not exit recent purchases just because their cohort CAGR is lower than the 2020 cohort's.

Insight 3 — Use the CAGR table to find your true investment horizon

If your 3-year and 5-year rows are green but your 1-year row is red, your portfolio requires at least 3–5 years to reliably produce positive annualised returns. This is a signal about the type of stocks you hold — not a problem, but a fact to align your expectations with. Do not sell after 12 months what your own data shows needs 3–5 years.

Insight 4 — Compare your oldest row's CAGR to Nifty 50

Your earliest cohort year row shows your portfolio's full-history annualised return. If this is below Nifty 50's CAGR over the same period, a passive index fund would have outperformed your stock picking net of all effort. This is the most honest self-assessment the platform offers — and the reason the table shows the complete history rather than capping at 5 years.

The Vintage tab shows only holdings you currently own. Stocks you sold — especially those you sold at a loss — are not included. The cohort returns and matrix CAGRs reflect only your surviving positions, which creates survivorship bias. Your true historical performance, including sold positions, would require transaction history analysis outside this tab.

Related Portfolio Guides

Portfolio Manager Hub — overview of all 13 tabs and getting started
Holdings Tab — XIRR, N50/N500, Score, PEG, and broker position columns
Backtest Tab — historical simulation comparing rebalancing strategies and their tax cost
Rebalance Tab — live action plan to restore target weights (Premium)

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💼 Portfolio — Vintage Tab

Vintage Cohort Deep Dive · CAGR Since First Purchase · Indian Equities Only