An India valuation checklist
Use this collection checklist with the detailed rules and first-party sources below. Use your ownership share, one date, and one reporting currency. It does not establish withdrawal eligibility or tax treatment.
| Holding | Valuation record | Avoid |
|---|---|---|
| Savings and FD | Bank statement or current deposit record | Future maturity value; sweep-deposit double counting |
| Mutual funds and shares | Dated statement or units × current price/NAV | Adding contributions to current value |
| Vested RSUs | Shares actually held; documented currency conversion | Unvested awards; shares already sold or withheld for tax |
| EPF | EPFO passbook or exempted-trust statement | Projected EPS pension; counting a pending transfer twice |
| PPF and NPS | Provider statement; current balance or unit value | Future contributions; treating restricted balances as ready cash |
| Property, gold, vehicles, business interests | Supportable current estimate and its source | Purchase cost as resale value; counting business equity and its underlying assets twice |
| Loans and cards | Outstanding amount on the valuation date | EMI, credit limit, or future interest as the debt total |
Start with one date, scope, and reporting currency
Choose an individual or household record and a common valuation date. Use Indian rupees for an INR record. For foreign shares or deposits, convert their current value using a stated exchange rate for that date. Record the rate in your working notes; Exitmargin does not fetch or convert exchange rates.
For joint ownership, include only the share within your chosen scope. A personal balance sheet is not a legal ruling about responsibility for joint debt. Keep account numbers, PAN, UAN, and credentials out of your journal names and shared files.
Savings accounts and fixed deposits
Use savings-account balances on the chosen date. For a fixed deposit, use its recorded value for that date, including interest already reflected in the balance. Do not enter a future maturity amount as though all future interest has already accrued.
Check sweep deposits and linked accounts for double counting. A deposit that counts toward total net worth may have withdrawal restrictions or an early-withdrawal cost. Those terms matter for liquidity, even when they do not change the basic asset list.
Mutual funds, Indian equities, and RSUs
Use current mutual fund values from your statement, or units multiplied by the applicable net asset value for the valuation date. Use current market values for listed shares. Count either a consolidated account value or its underlying holdings, not both.
Restricted stock units (RSUs) need a clear ownership boundary. For this simple balance sheet, include shares that have vested and are actually held; leave unvested awards outside the total. Check whether shares sold or withheld for tax are already excluded from the account balance. For overseas shares, use one documented INR conversion and do not add the foreign value again.
This is a record of current balances, not a capital-gains calculation. It does not determine tax treatment or recommend a fund or stock.
EPF, PPF, and NPS
For the Employees’ Provident Fund (EPF), use the EPF balance shown in the passbook or the relevant exempted-trust statement. Check pending transfers so the old and new records do not count the same money twice. Employees’ Pension Scheme (EPS) entries are not simply another freely withdrawable account balance; do not add a projected future pension to the EPF total.
For the Public Provident Fund (PPF), use the current recorded account balance. Do not add projected maturity proceeds or future contributions. Keep withdrawal restrictions separate from whether the balance belongs in total net worth.
For the National Pension System (NPS), use the current value of units held in the account statement rather than lifetime contributions. Check Tier I and Tier II separately if you hold both. NPS is market-linked, and access rules differ by account and situation. A retirement asset is not automatically available spending money.
Confirm balances and current rules with the institution. This guide does not calculate pension rights, withdrawal eligibility, tax relief, or future returns.
Gold, property, and vehicles
Estimate gold at a reasonable current resale value for its weight and purity. Jewellery purchase bills may contain making charges or taxes that resale does not recover. Count gold funds or other financial gold holdings in their own account category without counting the same exposure twice.
For real estate, use a supportable current estimate of your ownership share. Keep the home loan separate. Do not enter home equity as an asset and subtract the loan again. Property estimates can be uncertain; record the source and avoid changing them just to smooth a chart.
A vehicle can be included at a realistic resale estimate. Its purchase cost or insured value may not reflect what a buyer would pay. Small possessions may be omitted under a clearly stated, consistent scope.
Home loans, vehicle loans, personal loans, and cards
Use the remaining balance owed on the valuation date, not the EMI. An equated monthly instalment (EMI) is a payment that can include principal and interest; it is not the liability total. Include other loans, overdrafts, and credit card amounts owed within your scope.
Keep debts positive in the worksheet and subtract the total once. A credit card limit is not an asset or a debt balance. An intention to pay the card in full does not remove an amount currently owed.
A synthetic INR balance sheet
Suppose savings and FDs total ₹4 lakh, mutual funds and shares ₹6 lakh, EPF/PPF/NPS ₹8 lakh, gold ₹2 lakh, and your property share ₹40 lakh. Assets total ₹60 lakh. A home loan of ₹20 lakh, vehicle loan of ₹2 lakh, and card balance of ₹50,000 give liabilities of ₹22.5 lakh.
Net worth is ₹60 lakh − ₹22.5 lakh = ₹37.5 lakh. Much of that value may be property or restricted retirement savings. The total is not an estimate of money available for immediate spending.
Use the India calculator with separate EPF, PPF, NPS, and FD fields →
Preserve the method for the next review
Keep the same scope, currency, and valuation convention for later snapshots. Review monthly or quarterly if that gives you enough information. Leave missing periods empty and keep notes about material estimate changes in your worksheet.
Exitmargin supports manual balances and dated checkpoints. Its India calculator keeps FD, EPF, PPF, NPS, and vested shares separate, then lets you review before adding holdings. It does not match existing holdings: do not import the same balances twice. Use Other assets for vehicles, bonds, business interests, and assets without a dedicated field. Keep the detailed breakdown in your journal or worksheet. This is general educational information, not financial, investment, legal, or tax advice.
Sources and scope
These are general explanations and product instructions, not personal investment, tax, or debt advice. The examples are synthetic. Product instructions describe the current app.
- Investor.gov: Figure Out Your Finances
- EPFO: Official employee passbook service, linked from EPFO
- EPFO: Employees’ Pension Scheme and benefit limits
- State Bank of India: Public Provident Fund
- NPS Trust: About NPS and account types
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