3 Essential Mutual Fund Statements Every Investor Investing Through NJ Mutual EWS Account Wishes He Could Have
3 Essential Mutual Fund Statements Every Investor Investing Through NJ Mutual EWS Account Wishes He Could Have
The NJ Mutual Fund EWS (Electronic Wealth System) platform has made mutual fund investing seamless, allowing investors to manage their portfolios efficiently under one roof.
However, even with the convenience of EWS, investors often wish they had access to a few additional essential statements that could make tracking, planning, and filing taxes even smoother.
In this blog post, we'll discuss the three key mutual fund statements that every NJ Mutual EWS investor wishes they could easily access — and how these could add real value to their investment journey.
1. Consolidated Account Statement (CAS)
One of the most sought-after documents is a Comprehensive Consolidated Account Statement (CAS) that includes:
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All mutual fund holdings across different AMCs
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Folio numbers, purchase NAVs, and current NAVs
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Market values and total portfolio valuation
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Recent transactions like SIPs, redemptions, and switches
While NJ EWS allows investors to view their investments scheme-wise, an automatically generated and easily downloadable CAS would save time and offer a complete overview in a single glance.
Why Investors Want It:
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To have a bird’s-eye view of the entire portfolio
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To monitor portfolio growth and performance easily
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To simplify reporting for financial planning or loans
2. Capital Gain and Tax Statement
Another important document investors crave is a Capital Gain and Tax Statement that consolidates:
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Short-term and long-term capital gains
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Tax deducted at source (TDS) details
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Dividend income records (for tax purposes)
Currently, many NJ EWS users need to extract this information manually or download multiple reports. A single capital gain statement would make tax filing much easier and stress-free.
Why Investors Want It:
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To simplify tax calculations during ITR filing
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To easily track taxable vs. non-taxable income
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To plan for advance tax payments if required
3. Portfolio Performance Report
Beyond just holdings, many serious investors wish for a detailed Portfolio Performance Report that could showcase:
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Annualized returns (CAGR, XIRR)
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Scheme-wise and portfolio-level returns
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Benchmark comparisons
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Risk metrics like volatility and drawdowns
Having an easily downloadable performance report from the EWS platform would help investors:
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Assess if their funds are outperforming or underperforming
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Make timely decisions about switching or rebalancing
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Set more realistic investment goals
Why Investors Want It:
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To evaluate if their investments are aligned with financial goals
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To get deeper insights into fund and portfolio performance
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To support better investment decision-making
Final Thoughts
NJ Mutual Fund EWS has already simplified the investing experience significantly, but by offering ready access to a Consolidated Account Statement, Capital Gain and Tax Statement, and a Portfolio Performance Report, the platform could make wealth management even more investor-friendly.
Until then, investors can manually request CAS from registrars like CAMS/KFintech and use additional tools or advisors to compile portfolio reports.
Stay informed, stay strategic, and let your wealth grow wisely! ЁЯУИ
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