You are on page 1of 2

Mutual Fund - Capital Gains calculator : An illustration

Index

Mutual Fund - Capital Gains calculator : An illustration Index Units (Original) Original Buy / Sell

Units (Original)

Original Buy / Sell transaction units

Matched Quantity

Sell transaction units matched with respective Purchase units, in accordance with the FIFO logic

Purchase = Buy

Includes the following transaction types : (P) Purchase, (DR) Dividend Reinvestment, (TI) Transfer In, (SI) Switch In

Redeemed = Sell

Includes the following transaction types : (R) Redemption, (TO) Transfer Out, (SO) Switch Out

Case 1: Single Transaction of Buy and Sell

               

Purchase

   

Redemption

 

Short

Long

Sr. No.

Category

Sub-

category

AMC

Scheme

Name

Matched

Tx

NAV Date

NAV

Value

Tx

NAV Date

NAV

Value

term

term

Quantity

Type

Type

Gain

Gain

Gain

                               

according

to FIFO

DEBT

Medium

Term

ICICI

PRUDENTIAL

  • 1 INCOME

MUTUAL

FUND

ICICI

PRUDENTIAL

PLAN-

GROWTH

100

P

8/25/2006

35

3500

R

10/30/2006

45

4500

1000

0

 
 

Units

Tx

   

(Original)

Type

NAV

Date

NAV

Value

 

Original Sell transaction

 

100

R

10/30/2006

45

4500

Original Buy transaction

250

P

8/25/2006

35

8750

 
   

o 100 units were sold on Oct 30, 2006 @ 45/unit (NAV)

 

o Original Buy transaction for the corresponding Sell transaction :

 
 

250 units were bought on Aug 25, 2006 @ 35/unit (NAV)

 

Out of 250, only 100 units were used for calculating gain according to FIFO logic

 

Gain = 100 * (45 - 35) =

1000

Difference between Oct 30, 2006 and Aug 25, 2006 is <= 365 days, hence Short term Gain

 
 

o Total Gain = 1000 (Short Term)

 

Case 2: Single Sell transaction using multiple Buy transactions

 
               

Purchase

   

Redemption

     
                           

Short

Long

Sr. No.

 

Sub-

 

Scheme

Matched

Tx

     

Tx

     

term

term

Category

category

AMC

Name

Quantity

Type

NAV Date

NAV

Value

Type

NAV Date

NAV

Value

Gain

Gain

       

ICICI

                     

Gain

according

to FIFO

DEBT

Medium

Term

ICICI

PRUDENTIAL

  • 2 INCOME

MUTUAL

FUND

PRUDENTIAL

PLAN-

GROWTH

150

P

8/25/2006

35

5250

R

9/22/2009

55

8250

0

3000

       

ICICI

                     

DEBT

Medium

Term

ICICI

PRUDENTIAL

  • 3 INCOME

MUTUAL

FUND

PRUDENTIAL

PLAN-

GROWTH

50

DR

9/22/2007

0

0

R

9/22/2009

55

2750

0

2750

 
 

Units

Tx

       

(Original)

Type

NAV

Date

NAV

Value

 

Original Sell transaction

   
  • 200 R

9/22/2009

55

11000

Original Buy transaction 1

 
  • 250 P

8/25/2006

35

8750

Original Buy transaction 2

 
  • 150 DR

9/22/2007

0

0

o 200 units were sold on Sep 22, 2009 @ 55/unit (NAV)

o Original Buy transaction for the corresponding sell transaction :

  • a) 250 units were bought on August 25,2006 @ 35/unit (NAV)

Out of 250, only 150 (250 - 100) units were used from this, since 100 units have already been used in the first Sell transaction Gain = 150 * (55-35) = 3000 Difference between Sep 22, 2009 and Aug 25, 2006 is > 365 days, hence Long term Gain

  • b) 150 units were bought (DR) on Sep 22, 2007 @ 0/unit (NAV)

Out of 150, only 50 (200 - 150) units were used from this purchase transaction Gain = 50 * (55 - 0) = 2750 Difference between Sep 22, 2009 and Sep 22, 2007 is > 365 days, hence Long term Gain

o Total Gain = 3000 + 2750 = 5750 (Long Term)

Case 3: Single Sell transaction using multiple Buy transactions, resulting in Short term as well as

Case 3: Single Sell transaction using multiple Buy transactions, resulting in Short term as well as Long term Gains

               

Purchase

   

Redemption

 

Short

Long

Sr. No.

Category

Sub-

 

Scheme

Matched

Tx

     

Tx

     

term

term

category

AMC

Name

Quantity

Type

NAV Date

NAV

Value

Type

NAV Date

NAV

Value

Gain

Gain

       

ICICI

                     

Gain

DEBT

Medium

Term

ICICI

PRUDENTIAL

  • 4 INCOME

MUTUAL

PRUDENTIAL

PLAN-

100

DR

9/22/2007

0

0

R

9/30/2009

  • 31 3100

0

3100

according

FUND

GROWTH

to FIFO

       

ICICI

                     

DEBT

Medium

Term

ICICI

PRUDENTIAL

  • 5 INCOME

MUTUAL

FUND

PRUDENTIAL

PLAN-

GROWTH

200

TI

10/30/2008

33

6600

R

9/30/2009

  • 31 6200

-400

0

 
 

Units

Tx

       

(Original)

Type

NAV

Date

NAV

Value

 

Original Sell transaction

 

300

R

9/30/2009

31

9300

Original Buy transaction 1

150

DR

9/22/2007

0

0

Original Buy transaction 2

350

TI

10/30/2008

33

11550

o 300 units were sold on Sep 30, 2009 @ 31/unit (NAV)

o Original Buy transaction for the corresponding sell transaction :

  • a) 150 units were bought (DR) on Sep 22, 2007 @ 0/unit (NAV)

Out of 150, only 100 (150 - 50) units were used from this purchase transaction Gain = 100 * (31 - 0) = 3100 Difference between Sep 30, 2009 and Sep 22, 2007 is > 365 days, hence Long term Gain

  • b) 350 units were bought on Oct 30, 2008 @ 33/unit (NAV)

Out of 350, only 200 (300 - 100) units were used from this purchase transaction Gain = 200 * (31 - 33) = - 400 Difference between Sept 30, 2009 and Oct 30, 2008 is <= 365 days, hence Short term Gain

o Total Gain = 3100 (Long Term) and - 400 (Short Term)

* Special Case where the resulting Gain is split into Short term and Long term Gain

-end