Importance of Capital Gains Statement for MF and How to Get it?

Capital gains is the income that you earn from selling stocks or mutual fund units, and it is taxable under the provisions of the income tax act. Hence, you must be aware of the total capital gains you earned in a financial year to properly assess your income tax liabilities and file income tax returns accordingly.If you have earned capital gains from your mutual fund investments in a financial year, you can easily access a consolidated statement through a Registrar and Transfer Agent.

Mutual fund investors can perform different types of transactions related to their fund, such as

• Buying or redeeming mutual fund units.
• Switching in or out of their investment in mutual funds.

A Registrar and Transfer Agent (RTA) is a SEBI-approved trust or a company that registers and keeps track of all such mutual fund transactions by an investor. An RTA is also authorised to perform the following operations for investors.

• Updating the personal information.
• Changing bank mandate.
• Registering a nominee.
• Providing capital gains statement .

RTAs maintains investor and AMC data in one place. So, even if you have multiple mutual funds, you can access them all through a single RTA portal. Reputed RTAs like CAMS ( Computer Age Management Services) provide these services online.RTAs also provide numerous valuable services to mutual fund houses that help reduce their operating costs. They perform various back-office operations of mutual funds so that the fund houses can solely focus on activities related to investment management.Note that the RTAs don’t charge any money from the investors. However, they charge fund houses for their services.

Through an RTA, investors can get a consolidated capital gains statement comprising all their mutual fund transactions. They need to visit the official website of the RTA to download the statement.Since CAMS and Karvy are among the most popular RTAs in India, servicing many fund houses, their online portal is used here to understand the process of downloading a consolidated capital gains statement for all your mutual fund investments.

• Visit theCAMS webpage, www.camsonline.com. Accept the terms and conditions to proceed further.
• Select ‘View More’ of the Statements option listed under the tab Services for INVESTORS.
• Now select ‘Capital Gain/ Loss Statement’.
• Fill up the form to receive a copy of your Capital Gains Statement in your email. In addition to the current financial year, you can select three back to back financial years to download the respective statements.
• Enter PAN and email id. Remember to enter the email id that is registered with your investment portfolios.
• Under the Mutual Fund Drop down list, you will find a list of different mutual fund houses. Select the corresponding checkboxes of the mutual funds that you hold.Alternatively, you can select the “All Mutual funds” option at the top of the list.
• Set the delivery option to “Email an encrypted attachment”.
• Set the password and submit the form.
• The statement will be mailed to your email id as an encrypted PDFattachment. You can open the attachment using the password you have set to access the statement.

• Visit https://mfs.kfintech.com/mfs/
• Select ‘Retail Investor’ from the drop-down list under the Login section.
• Scroll down to the ‘Investor Statement and Report’ section on the new webpage.
• Select Capital Gains Statement .
• Now select Consolidated Capital Gains Statement.
• From here onward, the steps are the same as that in CAMS. Perform steps 4 to 8 mentioned under the CAMS portal and submit the form. You will receive the statement in your email.

• Visit the official website of the mutual fund house.
• Log in with your credentials, such as user id or folio number.
• Once logged in, you can download the capital gains report for the mutual funds from that site.

• CAMS Portal
• Karvy Portal
• Mutual Fund Houses Investors can also visit the official website of their respective mutual fund houses to access a capital gains statement . In this case, you will need to download individual statements for different mutual fund houses.Therefore, this process can be cumbersome for investors having mutual fund investments in different fund houses.Follow these steps to access your statement from the mutual fund house.
• This process of downloading reports works best if you have invested in mutual funds of a single asset management company.

As a mutual fund investor, you are free to choose any of the methods mentioned above to receive your capital gains statement . However, you must be careful while providing the PAN and other vital details like your name, date of birth and email id. Any discrepancy in data can result in the rejection of your request to get the desired statement.

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.