It is generally accepted that investing in mutual funds helps you create wealth over time. However, as with any financial investment, it is important to keep track of your investment returns and also for taxation purposes. A capital gains statement will provide you with this important piece of information. CAMS capital gains statement, issued by India’s largest mutual fund transfer agency, documents the gains or losses you’ve had over a specific period. This blog post discusses the steps you need to take to obtain capital gain records for mutual funds. Let’s dig in.
How to download capital gains statements for mutual funds
If you have invested in mutual funds, keeping track of your capital gains and losses is important not only for tax planning but also for reviewing your investments. The capital gain statement is a vital record as it reflects how your investment has performed over the years. Here is a complete guide on how to get your capital gain statement for mutual funds from different websites and apps.
In this context, it would be helpful to understand capital gains from mutual funds. Capital gain is the profit you earn from selling something. This could be an object that you can see, like a house or land, for example, or it could be something intangible, like stocks, mutual funds, and bonds. If you sell your mutual fund units for a higher NAV than when you originally bought it, you make a capital gain on your sale.
Based on the holding period, mutual funds have two types of capital gains:
- A short-term capital gain (STCG) is the profit you make when you sell mutual fund units within a year of buying them.
- Any profit you make from selling mutual fund units after holding on to them for more than a year is considered a long-term capital gain (LTCG).
Now, we will discuss different platforms where you can obtain your capital gain statements, including the CAMS capital gain statement. Some of them are listed below.
Online investment platforms
A lot of people who buy into mutual funds do so through the websites of asset management companies (AMC). Generally, it is pretty easy to obtain your capital gain statements. Also, you need to know how to get capital gain accounts. How to get them is shown below:
- Sign in to your account: Sign in to your account on the website or app of AMC.
- Go to Portfolio or Reports: Look for the Portfolio or Reports section. This is where you’ll usually find the Capital Gain Statement option.
- Select the Right Period: Select the year/years for which you require the Capital Gain Statement.
- Download the Statement: After you choose the period, your capital gains statement can downloaded in the PDF format.
CAMS and KFin Technologies Limited
Registrar and Transfer Agents (RTAs) can provide you with a joint capital gains account if you trade on more than one site. These organizations, which are authorized by SEBI, take care of the paperwork so that they can focus on managing assets. Follow these steps to get CAMS capital gain statement for mutual funds:
- Visit the CAMS website and accept the terms and conditions.
- Click on Statements and Capital Gain/Loss Statement.
- Answer the questions and pick the right fiscal year.
- Type in the email address that you use to sign up for mutual funds and choose All Funds from the list of categories.
- Set a password to send an encrypted attachment by selecting email an encrypted attachment.
- Enter the password to view your capital gains statement after you receive the e-mail.
Here’s how to get to KFin Technologies Limited’s mutual fund statement:
- Go to the website of KFin Technologies Limited and click on Mutual Fund Investors.
- Create an account.
- Go to Statements and Reports and click on capital gains statements.
- Select Capital Gain Consolidated Statement.
- From the drop-down choices, choose All Funds and the Financial Year. Enter your PAN, email address, and the type of mutual fund.
- The statement will be sent to the e-mail address you used to sign up.
Mutual fund companies
If you buy directly from mutual fund houses, you can get your MF capital gains statement from their customer service lines or websites.
- Go to the website: Visit the webpage of the mutual fund house or the asset management company (AMC).
- Log in to your account: Enter your login information to log in or sign up.
- Open the capital gain statement: Go to the Capital Gain Statement section. Look for the section dedicated to capital gain statements or tax forms.
- Select the Right Filters: Select the mutual fund plans and the fiscal year concerned.
- Download: Download the statement.
Conclusion
CAMS capital gain statement for mutual fund investment is easy to obtain through internet platforms, RTAs, or directly from the mutual fund company. By following the steps mentioned in this article, you’ll be able to obtain this vital record and keep track of your investment’s performance. Remember to organize your financial records so that you can plan your finances better and pay your taxes accordingly.
