How To Get Capital Gains Statement For Mutual Fund Investments?

As an investor, you need to keep track of your investments for the long term. Having Capital Gain statements handy can help you to have an understanding of your portfolio performance, the profits or the losses made on redeeming your Mutual Fund units and help with tax filing. Read the blog to know how to get a Mutual Fund Capital Gain statement for your investments.

What Is a Capital Gains Statement?

A Capital Gains statement is a summary of profits or losses earned from Mutual Fund transactions during a financial year. The statement has details like:

• Dates of purchase and redemption

• Type of Capital Gain (short-term or long-term)

• The amount of gain or loss

• Applicable taxes.

Why is the Capital Gains Statement Important?

1. The statement provides you a summary of all the redemption transactions that you have executed in your Mutual Fund holdings during the specified period

2. It shows your Capital Gain and applicable taxes for the redemptions made during the selected time period

3. It contains actual redemptions made by you from your funds, realised gains / losses on a FIFO (First-In-First-Out) basis and segregated as long term & short term

4. The data is consolidated across CAMS & KFintech serviced funds across all distributors

5. It is in line with the latest taxation rules applicable on the redemptions

How to Download Capital Gains Statement?

The process to download Capital Gain / Loss Statement is given below :

1. iMobile app:

• Login iMobile >> Invest >> Mutual Fund

• Choose ‘Report’ from bottom toolbar

• Select ‘Consolidated Capital Gain / Loss Report’

• Choose the duration and click on ‘Request Report’ to download.

2. RTAs (Registrar and Transfer Agent) like CAMS & KFin Technologies Limited

You download your Capital Gains statement from the online platforms like CAMS and KFin Technologies.

3. Mutual Fund Companies or AMCs (Asset Management Companies)

You can download the Capital Gain reports from the specific Mutual Fund houses through their website.

4. Using Demat and Depository Platforms (NSDL / CDSL)

If you hold your Mutual Funds in Demat form (with ICICI Bank), you can get a Capital Gains statement from depository portals like NSDL (National Securities Depository Limited) or CDSL (Central Depository Services Limited).

Tips for Accessing Capital Gains Statements Smoothly

To make the process easy and hassle-free, here are a few tips:

Always keep your PAN, e-mail ID and Mobile Number updated with all Mutual Fund platforms

If your contact details are not up to date, you might miss important e-mails or alerts about your Capital Gains statements. Keeping your PAN, e-mail and Mobile Number updated ensures that you can receive notifications and statements without delay or errors.

Make sure your registered e-mail ID is accessible and secure

Your Capital Gains statement is usually sent to your e-mail address. So, it is important that you can log in to your e-mail ID easily. Also, make sure your e-mail account is secure with a strong password so your financial information stays protected.

Download the statements well before the tax filing deadline to avoid last-minute stress

Tax season can be busy and websites may be slow or face technical issues near deadlines. To avoid any last-minute problems, download your Capital Gains statement a few days or weeks in advance. This gives you time to check the details and share them with your tax advisor, if needed.

Conclusion

Getting your Capital Gains statement for Mutual Fund investments is not as complicated as it may seem. Whether you invest through ICICI Bank, directly via fund houses or through RTAs, there are multiple ways to access it with ease. These statements are not only essential for tax filing but also give you deeper insights into your investments. Make it a habit to review your Capital Gains statement at the end of each financial year and stay tax ready.