ATM :: Capital gains statements of MF can be ordered online


This facility is a part of “mailback services”.
Kayezad E. Adajania | Thu, Jul 25 2013. 05 57 PM IST | Live Mint

ATM

The deadline to file your taxes (31 July) is just round the corner. If you wish to take stock of your capital gains of your mutual fund (MF) holdings, you can get a capital gains/loss statement online. The process is a bit cumbersome, but since the deadline is close, we don’t have much of a choice.

The two largest registrar and transfer (R&Ts) agents—Computer Age Management Services (Cams) Ltd and Karvy Computershare Ltd (the two cover about 42 fund houses with assets that cover almost 93% of the industry)—have the facility to send your capital gains statement by email. This facility is a part of their “mailback services”. We tested both the services and here’s what we found.

Our findings

To check the list of fund houses serviced by Karvy, visit http://tinyurl.com/m2oyvt3. To check the list of funds serviced by Cams, visit http://tinyurl.com/mpv8maq.

Cams: To get a list of your capital gains statement at Cams for a particular financial year, visit http://tinyurl.com/k95qbfq. This section is called “consolidated realized gains” statement under the mailback services section. Enter your registered email ID. Once you do that, a list of all your folios across fund houses (managed by Cams and tagged onto this particular email ID) will appear on your screen. You can either choose any fund house from the given list, or select all of them. Enter your password, which you will require later to open your document that Cams sends you over email.

Karvy: Here, the process is a bit more tedious. You will need to keep each of your folio numbers handy. Visit http://tinyurl.com/ls24hcs; this is under the mailback services and “capital gains by folio” sections. Unlike Cams, Karvy mandates that you enter each of your folio numbers and then select your fund house. Select the dates and you will get an email at your registered email ID.

Things to keep in mind

Remember to submit one email ID and mobile number across all your MF investments. Mailback services such as these work only if you have one common email ID. Also, they work if you had submitted your email ID at the time of investing.

Although the mailback services are not yet perfect, they have improved in recent years. For instance, these days you can also get a consolidated account statement of all your MF holdings across Cams, Karvy and also Franklin Templeton International Services (India) Pvt. Ltd, the in-house R&T of Franklin Templeton Asset Management (India) Pvt. Ltd.

Source : http://goo.gl/RIhvOl

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