When you sell an investment, stocks, Mutual Funds(Debt and Equity), real estate, gold you can get Capital Gains or Capital Loss. These are taxable and have to be reported in ITR in the financial year when you made the sale. To assess your tax liability and file your tax returns correctly, you need to know what capital gains you earned during the financial year. For Equity, Debt Mutual Funds you can get it from the Capital Gain Statements by the Registrar and Transfer Agents or Mutual Fund companies. This post is about how to get your Capital Gains statement if you have your email id registered in your Mutual Fund folios.
Table of Contents
Capital Gains of Mutual Funds, Tax, ITR
Capital Gain Statement is required for both Regular and Direct Plans. Sample Capital Gain Statement for Equity(which includes grandfathering) and Non Equity/Debt Mutual Funds(which includes Long term capital Gain with Indexation) is shown below. Also is shown an image showing Capital Gain in Debt Mutual Funds in ITR
Both short-term and long-term are defined in different ways for different asset classes (see the image below to understand this better). Not only is short-term different for different assets, but the tax rates also vary too. In the table, we see the preferential treatment given to equity over bonds, real estate and gold.
If the holding period of Stocks and Equity Mutual Funds(where STT is paid) is less than a year then Capital Gain is considered as Short Term Capital Gain (STCG) and if held for more than a year then it is considered as LTCG.
If the holding period of assets other than stocks and Equity Mutual Funds example, Real Estate, Debt Mutual Funds -If held for less than 3(real estate 2 years) then it is considered as STCG and if held for more than 3/2 years then it is considered as LTCG. The image below shows the Long Term and Short Term Tax on various assets.
The Capital Gains(Both Long/Short) have to be shown in ITR. The image below shows how Long term Capital Gains of Debt Mutual Funds are reported in ITR. It is from our article how Long term Capital Gains of Debt Mutual Funds: Tax and ITR
Short Term Capital Gains on Debt Mutual Funds If You sell debt mutual funds within 3 years, capital gains on debt funds will be treated as short term. It will be added to your income and taxed as per your applicable tax slab. The image below shows the applicable rate on Short Term Capital Gains on Debt Mutual Funds
R&T Agents of different Mutual Funds
Registrar and Transfer Agents or RTAs are SEBI approved intermediaries who handle the paperwork or back-office operations of Mutual Funds such as folio statements of units bought and sold by the investor so that Mutual Funds can focus on the investment management and marketing parts.
Most of the Mutual Fund companies have either CAMS or KARVY as their RTA. The exception is Sundaram MF who does it itself i.e. they are their own RTAs.
Our article Mutual Funds: Registrar and Transfer Agent: CAMS, Karvy explains Who are Registrar and Transfer Agents? How do Registrar and Transfer Agent help Mutual fund companies and Mutual Fund investors by taking care of the paperwork? Mutual fund investors do a number of transactions on any given day such as buy, sell or switch units. They could also request for a bank mandate change or an address change.
Sundaram BNP Paribas Fund Services
Our How to sell or redeem Mutual Fund Units: Online, Exit Load, Cut off, SIP talks about How to redeem mutual fund units? online or offline? What is the amount one gets on redeeming the mutual fund units Redeeming Mutual Funds Units in SIP or Lump Sum, How will you get your money or redemption proceeds? When will you get the redemption amount?
Get Consolidated Capital Gains Statement
If you have invested in Mutual Funds, then you can use Capital Gains Reports mailback service provided by RTAs like CAMS and KARVY. It does not matter if you have invested in Regular funds or direct Fund, or you have invested directly or through the broker, or you have invested online or offline. All it requires is your email id. You can get it from the individual Mutual Fund company too. The advantage here is that you get Gain Statement for all the Mutual Funds services by that RTA in one place. If you don’t have any investments with Sundaram, you only need to get the Capital Gains report from two places – CAMS and KARVY.
How to get Consolidated Capital Gains Report of Mutual Funds from CAMS
Step 1. Go to CAMS Investor Mailback Services here –
Step 2. Click on Consolidated Realised Gains Statement or Realised Gains Statement marked by red boxes in the image below.
Step 3. You would see the image similar to one shown below. The fields marked with red star Your Email, Password, Reenter Password are mandatory. Fill out the required details, For which Financial Year, Email id, PAN which is optional as shown below.
PAN is optional but if you provide your PAN number then it will also include those investments under your PAN where you may have not registered your email id.
For the period you can choose,
- Current FY and Previous FY(the default option). When you get it there would be two Capital Gains Statement (both with the same password) – one for current FY and one for previous FY.
- You need Current Finacial Year for Advance Tax
- You need Previous Financial Year for Income Tax.
- 2nd Last FY
- 3rd Last FY.
For email enter the email id registered in your investment folios. The report will be sent to this email-id only. Once you enter the email id you will see the options of all Your mutual funds or you can select the Mutual Fund.
- Select ‘All My Funds’. (This option will come once you have entered the email id).
- Delivery option: We prefer Email an encrypted attachment
- Email a download link
- Email an encrypted attachment.
- Password: This is the password for opening the attachment. Set it to something which you can remember. Don’t set it to 12345678.
- Retype the password and hit Submit.
You capital gain Statement will be emailed to you in some time(around 30 minutes) to the registered email id you provided. Mail
- You can search for it with sender name ‘CAMS Mailback Server’.
How to get Consolidated Capital Gains Report of Mutual Funds from Karvy
Step 1. Go to KARVY Investor Mailback Service for Capital Gains
Step 2. You will see a screen like this. Fill out the required details as below:
- For email enter the email id registered in your investment folios. The report will be sent to this email-id only.
- Password: This is the password for opening the attachment.
- Choose From and To Date. For filing for ITR for AY 2019-20 or FY 2018-19 the dates to be entered are From: 1 Apr 2018 To: 31 Mar 2019.
- Click on submit.
As with CAMS, you won’t get the statement immediately. It will be emailed to you in some time to the registered email id you provided above.
In the case of KARVY, you will get one email/statement per folio per Mutual Fund company that you have invested with. For eg, if you have 3 folios with Reliance, you will get 3 emails. Not as neat as CAMS but still better than getting it from different Mutual Funds companies individually.
How to get Capital Gains Statement from Sundaram Mutual Fund
The process of getting Capital Gain Statment from Sundaram Mutual Fund House is the same as that for any other Mutual Fund company. It is different from that of CAMS and Karvy as it requires the Folio Number.
When a mutual fund investor purchases a fund, a folio number is assigned by the asset management company to your investment. You are required to quote the folio number to find out the value of your investments or at the time of any transactions. However, there is no restriction on the number of folios. An investor can also have different folio number for different funds within the same fund house.
Visit the Mutual Fund website for example for Sundaram: https://www.sundarambnpparibasfs.in/web/service/estatements/
Fill in the details as shown in the image below.
- How to sell or redeem Mutual Fund Units: Online, Exit Load, Cut off, SIP
- Short Term Capital Gains of Debt Mutual Funds,Tax, ITR
- Capital Gain Calculator from FY 2017-18 with CII from 2001-2002
- DDT on Dividends of equity mutual funds, LTCG,Growth or Dividend option
- RSU of MNC, perquisite, tax , Capital gains, eTrade
- Basics of Capital Gain
- Mutual Funds: Registrar and Transfer Agent: CAMS, Karvy
Hope this helped you to understand how mutual funds are taxed, how to get the capital gain statement of mutual funds from CAMS, Karvy and Sundaram Mutual Funds.