3 Essential Mutual Fund Statements Every Investor Must Know About
3 Essential Mutual Fund Statements Every Investor Must Know About
Investing in mutual funds is a powerful way to grow wealth systematically. But just investing isn’t enough — monitoring your investments is equally important to achieve your financial goals.
To do this effectively, you must stay updated with key documents known as mutual fund statements.
In this blog post, let’s look at the three essential mutual fund statements that every smart investor should know about and review regularly.
1. Account Statement
The account statement is like a detailed summary of your mutual fund portfolio.
It includes:
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Folio number and personal details
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Name of mutual fund schemes invested in
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Number of units purchased and redeemed
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Purchase price (NAV) and current value
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Transaction dates
By reviewing your account statement regularly, you can ensure all your transactions have been correctly processed and get a clear view of your portfolio’s performance.
Why it matters:
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Helps in tracking investment progress
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Ensures transaction accuracy
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Acts as proof of investment for financial planning and loans
2. Capital Gain Statement
Whenever you redeem (sell) your mutual fund units, you might make a capital gain (profit) or incur a capital loss.
The capital gain statement shows:
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Short-term Capital Gains (STCG)
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Long-term Capital Gains (LTCG)
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Tax Deducted at Source (TDS), if any
This statement is crucial, especially during the tax season. It helps you calculate your tax liability correctly and ensures you are ready with all documents when filing your income tax return.
Why it matters:
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Essential for tax calculation
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Simplifies income tax filing
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Keeps track of taxable and non-taxable gains
3. Consolidated Account Statement (CAS)
If you invest in multiple mutual funds from different Asset Management Companies (AMCs), tracking them separately can be overwhelming.
The Consolidated Account Statement (CAS) makes it easy by providing:
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A combined view of all mutual fund investments linked to your PAN
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Details of all transactions (purchases, redemptions, dividends)
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Portfolio valuation across fund houses
The CAS is usually generated monthly (if a transaction occurs) and can also be requested anytime from the registrar or depository.
Why it matters:
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Gives a complete overview of your entire investment portfolio
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Simplifies tracking investments across multiple AMCs
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Helps in better financial planning and rebalancing
Final Thoughts
Monitoring your mutual fund investments is just as important as making them.
By keeping a close eye on these three essential statements, you can ensure that your portfolio is healthy, your taxes are in order, and you stay on track with your financial goals.
Make it a habit to review these documents at least once every quarter — because an informed investor is an empowered investor! ЁЯУИ
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