How to Get Capital Gain Statement for Mutual Funds?

Mutual funds are a great tool to build wealth over time. Since this income is taxable under the IT Act, you also have to monitor your investments for it to plan finances and taxes.

For all this purpose you will need your capital gain statement as it provides you with detailed information about your capital gains or losses for a specific period.

When the deadline for income tax returns approaches, you have to run around to get the total capital gains earned in a fiscal year to determine how much tax is due and to accurately file their reports.

To avoid that, in this article, we show you how to get capital gain statement for mutual funds.

How to Get Capital Gain Statements for Mutual Funds?

Many mutual funds houses and brokers provide a ready-made solution. But some brokers don’t provide one, though. Also, many people like you switch brokers over time.

Thus, all the details are not available under one login. The different ways through which you can download your mutual fund capital gains statement are discussed below:

1) Online Investment Platforms:

The majority of investors like you choose to manage their mutual fund investments through online platforms. These platforms usually make your Capital Gain Statements easily accessible.

Individuals who use online platforms and wonder how to download mutual fund statements from them can access capital gains statements by following these steps:

Log in to Your Account: Go to the site or app such as Dhan and log in.
Navigate to Portfolio/Reports: On the platform, go to either Portfolio or Reports. There’s usually an option called a Capital Gain Statement.
Select the Period: Please choose the financial year or period for which you require the Capital Gain Statement.
Download or Generate the Statement: After choosing the period, you can typically generate or download a Capital Gain Statement in PDF form. You can now peruse your statements of capital gains.

2) Registrar and Transfer Agents (RTAs):

Register and transfer agents bring together all your investments and can produce a single statement for mutual fund holdings. If you are investing in funds through several channels or offline methods.

You don’t need to ask each mutual fund firm where you invested for a capital gains statement; instead, RTAs will provide one. It will include capital gains information provided by every mutual fund house they serve.

In addition, you will be mailed the statement to your email address. CAMS and Karvy are two RTA’s in India that have been approved by the SEBI.

Fund houses can concentrate on investment management and other service opportunities while the back-office operations of mutual funds are handled by their respective RTAs.

Exceptions are Franklin Templeton Mutual Fund and Sundaram Mutual Fund, each of which has its own RTA.

You can request your Capital Gain Statement through these agencies by following steps:

Visit the RTA Website: Head to the official website of your mutual fund’s RTA.
Log in to Your Account: If you already have an account with the RTA, log in using your credentials.
Access Capital Gain Statement Section: Search the tax-related section or the capital gain statement page.
Select the Appropriate Filters: Select the mutual fund folio(s) and choose the financial year for which you require a statement.
Generate the Statement: Now Just follow the on-screen instructions, and download the Capital Gain Statement.

3) Mutual Fund Companies:

If you have invested in mutual funds through AMC(Asset Management Company), you can directly visit their websites or contact customer service to obtain your Capital Gain Statement.

You can download mutual fund statements from their websites by following these steps:

Visit the AMC website: Go to the mutual fund company’s official website and see what investments you have made.
Enter Your Account Login: Utilizing your ID and password, log into your account.
Access Capital Gain Statement Section: You need to find the section on tax documents or capital gain statements.
Select the Appropriate Filters: Select the mutual fund schemes for which you require a statement and their financial year.
Generate and Download the Statement: Now follow the instructions provided on the screen and download the Capital Gain Statement.