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6 Essential Mutual Fund Statements Every Investor Investing Through NJ Mutual EWS Account Wishes He Could Have

Investing through the NJ Mutual Fund Electronic Wealth System (EWS) provides investors with a smooth platform to manage their mutual fund investments.
However, as much as EWS has made tracking investments easier, many investors still wish for additional reports that could help them manage their wealth more efficiently.

In this blog, we will explore the six essential mutual fund statements that every investor using the NJ Mutual Fund EWS platform wishes they could have — to simplify their investment tracking, tax filing, and decision-making process.

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1. Consolidated Account Statement (CAS)

A Consolidated Account Statement (CAS) that includes all your mutual fund investments across various AMCs would be extremely helpful. It would summarize:

• All holdings with folio numbers, purchase NAVs, and units owned

• Current market value and overall portfolio valuation

• Transaction history, including purchases, redemptions, and switches

This statement would make it easier to track the overall health of your portfolio without needing to log into different fund houses.

Why Investors Want It:

• Provides a complete snapshot of the entire portfolio

• Simplifies tracking and financial planning

• Helps with reporting and audits for loans or other purposes

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2. Capital Gain and Tax Statement

Filing taxes on mutual funds can be confusing, especially when you need to calculate capital gains and dividend taxes. A Capital Gain and Tax Statement would include:

• Short-term and long-term capital gains

• Tax Deducted at Source (TDS)

• Dividend income and its taxability

An automatically generated statement from NJ EWS would make tax filing much more straightforward by consolidating all the necessary information into one document.

Why Investors Want It:

• Makes tax filing easier and accurate

• Prevents errors during tax season

• Keeps track of taxable and non-taxable income

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3. Portfolio Performance Report

A Portfolio Performance Report would allow investors to understand how their mutual funds are performing. It would include:

• Annualized returns (CAGR, XIRR)

• Comparison with benchmark indices

• Risk metrics, such as volatility and drawdowns

• Sector and asset allocation details

This kind of detailed performance data is crucial for making informed investment decisions and determining whether your current strategy is working.

Why Investors Want It:

• Helps evaluate fund performance against benchmarks

• Aids in rebalancing the portfolio for better returns

• Tracks both returns and risk, ensuring better investment decisions

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4. SIP Tracker Statement

For those who invest regularly through Systematic Investment Plans (SIPs), a SIP Tracker Statement would be an invaluable tool. It could provide:

• A list of all active and completed SIPs

• Details about SIP amounts, installment dates, and frequencies

• Cumulative investment and current market value

Having this information in one place would help investors monitor the success of their SIP investments and make any necessary adjustments.

Why Investors Want It:

• Allows better management of regular investments

• Makes tracking SIP performance more convenient

• Helps adjust future SIP contributions for goal alignment

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5. Transaction Summary Statement

A Transaction Summary Statement would provide a record of all mutual fund transactions, including:

• Purchases, redemptions, switches, and dividend distributions

• Transaction dates and amounts

• Status of each transaction (successful, pending, or rejected)

Such a summary would eliminate the need to check transaction history for each individual fund and help keep track of all changes in the portfolio.

Why Investors Want It:

• Makes it easier to verify transaction accuracy

• Provides a clear overview of investment actions

• Helps investors stay updated on their portfolio’s movements

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6. Dividend and Income Statement

A Dividend and Income Statement would be particularly helpful for investors who focus on income-generating investments. It would show:

• Total dividends received across all schemes

• Frequency of dividend payments (monthly, quarterly, annually)

• Net income after taxes (TDS)

This statement would help investors keep track of income generated through their mutual funds and plan for reinvestment or withdrawals accordingly.

Why Investors Want It:

• Helps track passive income from mutual funds

• Simplifies planning for income distribution

• Makes it easier to calculate and manage tax implications on dividends

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Final Thoughts

NJ Mutual Fund EWS has already made mutual fund investing more accessible and manageable, but providing access to Comprehensive Account Statements, Capital Gain Reports, Portfolio Performance Data, SIP Trackers, Transaction Summaries, and Dividend Statements would significantly enhance the experience for investors.
These statements would give investors all the data they need in one place, helping them make more informed decisions, simplify tax filing, and more efficiently manage their portfolios.

Until such features are introduced, investors can still rely on registrar services (like CAMS/KFintech) and manual tracking, but these additional reports would truly optimize the NJ Mutual EWS platform.

Stay informed, track your wealth, and continue your investing journey with confidence! 📊

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