Your net worth is everything you own at today’s value minus everything you owe. In India the arithmetic is trivial and the bookkeeping is the problem: your money is scattered across a demat account, two or three fund platforms, a bank FD, an EPF balance you last checked in 2023, gold in a locker with no ticker, and a flat with a loan against it. Add a home loan and a couple of EMIs on the other side of the ledger and the honest answer to “what are you worth?” is usually a shrug. This page is about getting from the shrug to one number.
Number that describes your whole position
Open Zerodha or Groww and you will see a number that looks like your investments. It isn’t. It is the value of the assets that platform custodies, which is a slice, and often a small one.
Two things are missing from it. The first is every asset held somewhere else — funds bought through a different platform, the FD at your bank, EPF, PPF, physical gold, property. The second is more important and almost always overlooked: your liabilities. Net worth is a subtraction, and a broker app has no idea what you owe. A portfolio screen can be comfortably green in a year your net worth went nowhere, because the loan side of the ledger simply isn’t in the frame.
This is not a criticism of those platforms; showing you your holdings is what they are for. It just means the number they show answers a narrower question than the one you were asking.
A useful test: if the figure on your screen would not change when you paid off a loan, it is not your net worth.
Most people assume consolidating their holdings means logging into six places and copying numbers into a spreadsheet. For market-linked assets, there is a much better instrument that already exists and that most Indian investors have never opened.
A Consolidated Account Statement (CAS) is a single report issued by the depositories — NSDL and CDSL — covering everything linked to your PAN. That means demat holdings across every demat account you hold, at both depositories, plus mutual fund units across every AMC, whichever platform you bought them through. You get it monthly if you transacted that month, and half-yearly (end of March and September) if you merely hold balances. SEBI has pushed depositories toward email as the default dispatch channel, which means for most investors it is already arriving in the inbox, unread.
That one document collapses the messiest part of the job. What it doesn’t cover is the rest of an Indian balance sheet: bank deposits, EPF and PPF, gold, property, and anything unlisted.
Equities and funds are easy — there is a closing price and a NAV. The Indian household balance sheet is heavy in things with no live quote, and this is where net worth figures quietly become fiction.
| Asset | How to value it | Difficulty |
|---|---|---|
| Mutual funds | Units × current NAV. Consolidated in your CAS. | Easy |
| Stocks and ETFs | Quantity × market price. Consolidated in your CAS. | Easy |
| Fixed deposits | Principal plus interest accrued to date, not the maturity value. | Easy |
| EPF and PPF | Current passbook balance. Worth checking; the figure is usually larger than people remember. | Moderate |
| Gold | Grams × current rate, adjusted for purity — whatever the jeweller’s bill said in 2016 is irrelevant. | Moderate |
| Property | Conservative estimate from recent comparable transactions nearby. Update occasionally, err low. | Hard |
| Loans owed | Outstanding principal today, not the original amount and not the EMI. | Easy |
Two rules make the whole exercise more useful. Value what the asset is worth today. What you paid for gold in 2016 is history; only today’s figure belongs on a balance sheet. And be conservative where you are guessing. An optimistic property number inflates every downstream decision — how much you can borrow, how close you are to financial independence, whether you can afford to stop working — and it inflates them silently. For the one asset most people overestimate, the rent a flat commands is a useful sanity check: what its rent says about what it is worth works through the arithmetic.
Include your home, record the loan against it, and label it clearly. A flat worth an estimated ₹1 crore with ₹60 lakh outstanding contributes ₹40 lakh of equity. The subtler point is that a home you live in is real net worth but not available net worth — you cannot draw an income from it without selling it and then needing somewhere to live. Counting it toward a retirement corpus is the single most common way people conclude they are closer to financial independence than they are. Whether the arithmetic of buying held up in the first place is worked through in the rent versus buy numbers on a ₹1 crore flat.
A single figure on its own tells you very little. Tracked over time, it answers three questions nothing else can.
Month-to-month noise is meaningless; the trend across a year is not. A net worth that is flat while your salary rose tells you the increase went into spending or debt service rather than assets — which is exactly the gap the expense tracking side of this is meant to surface.
On a chart these look the same, and they answer very different questions. Contributions are the part you control; returns are the part you don’t. A good year in the market can hide the fact that you added almost nothing, and a bad year can hide the fact that you added a lot. Separating the two is what makes the trend line honest.
Assets that compound are a different category from assets that merely exist. This is the distinction that separates a salary from wealth, and it is the argument in ₹16,000 vs ₹10 crore: you were never playing the same game. Your net worth figure is where the answer becomes visible.
Once you know what you own and what you add each month, the projection becomes arithmetic rather than guesswork — which is what the FIRE projection page covers.
TLDR Money rolls mutual funds, stocks, gold, real estate and fixed deposits into a single net-worth figure with one honest trend line — not a dozen scattered dashboards that each show a fragment.
Everything you own and owe, in a single figure you can actually watch over time.
Net worth alongside what you actually spend — so the two can be read against each other.
We earn nothing when you buy or hold a fund, a stock or anything else — so nothing here is steering you toward a product.
That last card is the real difference in this category, and it is worth being blunt about. Nearly every net worth tracker available in India is an investment platform that added tracking — which means it earns from brokerage or from distributing funds, and the tracking exists partly to route you toward the thing it earns on. TLDR Money has one revenue line, the subscription, at ₹299 a month or ₹1,999 a year. No brokerage, no distribution fees, no lending arm, no ads. See pricing and the reasoning on the about page.
It is also the reason spending, net worth and a FIRE date live in the same product rather than three: they are three views of the same money, and keeping them apart is what makes people mis-plan. Data access is read-only and your financial history isn’t warehoused on our servers — the architecture is on the security page.
Add everything you own at its current value, then subtract everything you owe. On the asset side that usually means mutual funds, stocks, fixed deposits, EPF and PPF balances, gold, and property. On the liability side it means the outstanding principal on your home loan, car loan, personal loans, and any credit card or BNPL balance you are carrying. The result is one number. It is the only figure that captures your whole financial position, and it is the one almost nobody can state offhand.
Because a broker or fund platform can only see the assets it custodies. Your demat holdings show up; the mutual funds you bought elsewhere, the FD at your bank, your EPF balance, the gold in a locker and the flat you are paying an EMI on do not. It also has no view of your liabilities, and net worth is a subtraction. A portfolio screen showing a healthy gain is entirely compatible with a net worth that is flat, because the loan side is missing from the picture.
A Consolidated Account Statement is a single report issued by the depositories, NSDL and CDSL, showing all securities and mutual fund holdings linked to your PAN — demat holdings across every demat account you have, and mutual fund units across every AMC. You receive it monthly if you transacted that month, and half-yearly otherwise. It solves most of the fragmentation problem for market-linked assets in one document, which is why it is the most useful and least known tool in Indian portfolio tracking.
Include it, but record the loan against it and be conservative about the valuation. A flat worth an estimated ₹1 crore with ₹60 lakh of outstanding principal contributes ₹40 lakh of equity, not ₹1 crore. The bigger caution is that a home you live in cannot be spent — it is real net worth but not available net worth, so it should not be counted toward a retirement corpus you plan to draw an income from. Keeping it visible but separately labelled is the honest treatment.
Gold is straightforward: record the weight in grams and apply the current market rate, adjusting for purity. Property is genuinely hard, because no two flats are identical and there is no live quote. The workable approach is a conservative estimate from recent transacted prices for comparable units in your building or locality, updated occasionally rather than continuously, and deliberately erring low. A net worth figure built on an optimistic property valuation flatters you and misleads every decision downstream of it.
It doesn’t sell you investments. Most net worth trackers in India are investment platforms with a tracking feature attached, which means they earn from brokerage or fund distribution and have a reason to move you toward a product. TLDR Money earns from the subscription alone, and it puts spending, net worth and a FIRE projection in one place — so you can see what you spend, what you own and when you could stop working as three views of the same money rather than three unconnected apps.
Funds, stocks, gold, property and deposits in a single net-worth figure with one honest trend line.
Join the waitlistWe are opening seats in batches. No spam, ever.
Valuation approaches described here are general explanations of how a balance sheet is put together, not advice about your own money or a recommendation about any asset.