Your NetWorth, made simple.

NetWorth is the difference between everything you own and everything you owe. Add up your assets, including bank balances, investments, EPF, property and gold, then subtract your liabilities, such as home loans, car loans and credit card dues. The figure left over is your NetWorth, and it is the clearest single measure of your financial position at any point in time.

NetWorth = Total Assets minus Total Liabilities. List every asset at what it would fetch today rather than what you paid for it: bank balances, mutual funds, shares, EPF, NPS, PPF, fixed deposits, gold and property. Then list every liability at its current outstanding balance, including home loan, vehicle loan, personal loans, credit card dues and BNPL. Subtract the second total from the first.

There is no official standard. A widely used planning anchor is roughly 1x your annual income in NetWorth by age 30, 3x by 40 and 6x by 50. Treat these as directions rather than verdicts, because city, dependants, inherited assets and the age you started earning all move the line considerably. Comparing your number against your own figure last year is more useful than comparing it against anyone else's.

Income is what you earn over a period. NetWorth is what you have accumulated at a point in time, after debt is accounted for. A high income does not automatically create a high NetWorth: someone earning a large salary with heavy EMIs can build less wealth than someone earning far less who invests half of it. Income stops when you stop working. NetWorth does not.

Yes. Your home is recorded as an asset at its current market value, and the outstanding home loan is recorded separately as a liability. The two should never be netted into a single line, because doing that hides how much leverage you are carrying. A flat worth ₹1 crore with a ₹70 lakh loan against it contributes ₹30 lakh to your NetWorth.

Yes. EPF, NPS, PPF and accrued gratuity are assets you own, even though you cannot withdraw them freely today. They are among the most commonly forgotten items on an Indian balance sheet, and leaving them out can understate NetWorth substantially, particularly for salaried professionals in their thirties and forties.

Not necessarily. A negative NetWorth means you currently owe more than you own, which is common early in a career with an education loan, or in the first years of a home loan. What matters is the direction of travel. If the number improves year on year, the position is healthy even while it remains negative.

There is no single official figure for average household NetWorth in India, and numbers quoted online are often American benchmarks converted into rupees. Averages are also distorted by a small number of very large fortunes, which is why median figures broken down by age and city are far more useful for comparison than a national average.

A NetWorth certificate is a document stating your assets, liabilities and resulting NetWorth on a given date, typically certified by a chartered accountant. It is commonly requested for home loan applications, visa applications, SEBI accreditation, tender bids and certain investment products. FOLO issues one online in about two hours for ₹999, verified through the RBI Account Aggregator.

SEBI sets accreditation criteria for individuals using income, NetWorth, or a combination of the two. As currently framed, an individual qualifies with an annual income of at least ₹2 crore, or a NetWorth of at least ₹7.5 crore with at least half held in financial assets, or an annual income of ₹1 crore combined with a NetWorth of ₹5 crore of which at least ₹2.5 crore is in financial assets. Thresholds are set by the regulator and can change, so confirm the current criteria before applying.

There are three common approaches: a spreadsheet, manual checking across individual apps, and a dedicated NetWorth app. A spreadsheet is accurate the day you build it and drifts every day after. Manual checking takes close to an hour each time and tends to miss dormant accounts. An app built on the RBI Account Aggregator framework updates automatically from 500+ sources, which is what makes a reliable long-term trend possible rather than a one-off snapshot.

FOLO connects through the RBI Account Aggregator framework, which is regulated by the Reserve Bank of India. Access is read-only, so no money can be moved. Consent is granted per account and can be revoked at any time. The framework was designed specifically so that financial data can be shared without sharing login credentials or passwords.

Quarterly is enough for most households. Monthly makes sense if you are actively paying down debt or working towards a specific target. Checking much more often tends to turn a long-term measure into short-term noise. Consistency matters more than frequency, because the value of the number comes from the trend rather than any single reading.

There are only two levers: grow your assets or reduce your liabilities. In practice that means raising your savings rate, investing rather than holding idle cash, clearing high-interest debt such as credit cards and personal loans first, and avoiding new consumption debt. Tracking the number quarterly is what tells you whether those changes are actually working.

Yes, and for most households it is the more useful view. A family NetWorth combines the assets and liabilities of everyone in the household, which is the level at which most financial decisions are actually made. FOLO's family sharing lets a spouse or parent see the shared total without seeing individual account details or login credentials.