Mutual Fund-Capital Gain Calculator: F.A.Q.

 What is Capital Gain?
 What is Short Term gain?
 What is Long Term gain?
 Where can I view my Capital Gain computation?
 How is the Capital Gain computed?
 How are units added to my portfolio through Dividend Reinvestment, treated for the computation of Capital Gains?
 How are Transfer in (TI) transactions accounted for in Capital Gains calculation?
 How are Transfer out (TO) transactions accounted for in Capital Gains calculation?
 How will Switch In and Switch Out transactions affect Capital Gain or Loss?
 Can this statement of Capital Gain Calculator be the final statement for filing Income Tax Returns?

Profit earned on the sale of an asset such as bonds, shares, mutual fund units, property etc., is termed as Capital Gain. Capital Gain is further classified into Short term and Long term gain. Conversely, if you make a loss on sale of assets, you incur a capital loss.
For more details and tax treatment of Short Term and Long term Capital gains, you can consult your Tax Consultant or Chartered Accountant.

Gain arising from sale of units held for a period shorter than or equal to 365 days is termed as Short term gain.

Gain arising from sale of units held for a period longer than 365 days is termed as Long term gain.

1. Login to your ICICIdirect.com account.
2. Visit the trading section of Mutual Fund.
3. Click on the link "Capital Gain".
4. Select the drop down of the financial year
5. For more details click on "View Details"

Capital gain, both long term and short term, is computed as difference between redemption price(Sold NAV) and purchase price (Bought NAV) into respective number of units.
All calculations are done on First in First out (FIFO) basis.
The calculations shown have been made on the basis of the following assumptions:

1. This is not a final tax computation for filing your Income Tax returns
2. The printout of this statement can be used by your designated financial advisor in the computation of your Income tax returns in accordance with applicable tax slabs
3. Capital Gain is classified as Short term or Long term, depending on the difference between the redemption (NAV date) and purchase (NAV date)
4. In this report, Capital Gain is calculated using FIFO logic (First in First out)
5. This report does not take into account any benefits, penalties or calculations pertaining to a. Indexation and b. Dividend stripping
6. For Transfer-In cases, cost of purchase and date of purchase is taken as per the Net Asset Value (NAV) when the Transfer-In process was completed for said transaction
7. For Transfer-Out cases,
   • Transactions preceeding the Transfer-Out date will be included in the computations
   • Once the folio has been Transferred-Out, the Transfer-Out transaction will not be included in the computation of Short term or Long term gains/losses
8. For Dividend Reinvestment cases,
• For any Dividend Reinvestment scheme or folio where additional units are alloted by the Fund House, such units will be shown as Dividend Reinvestment (DR) of additional units, with its purchase cost as Rs. 0; Please refer to communication from ICICIdirect and/or your fund house to identify which DR transactions are a result of Dividend Reinvestment, and take the appropriate measures with your financial advisor to compute your tax liability on these
• For any scheme or folio where Bonus units are declared by the Fund House, such units will also be shown as Dividend Reinvestment (DR) of additional units, with its purchase cost as Rs. 0; Please refer to communication from ICICIdirect and/or your fund house to identify which DR transactions are a result of Bonus allotment, and take the appropriate measures with your financial advisor to compute your tax liability on these
9. For any merger of fund schemes or fund house, the resulting transactions will be shown as Switch-Out (SO) from the old scheme/fund house and Switch-In (SI) to the new scheme/fund house, and as a combination of SELL and BUY transactions, in the; Please refer to communication from ICICIdirect and/or your fund house to identify which SI/SO transactions are a result of merger activity, and take the appropriate measures with your financial advisor to compute your tax liability on these
10. Transactions relating to Dividend Payout (DP) cases are not shown in this report. Along with the above report, Customers are advised to take a print out of Dividend report. Customers are requested to take appropriate measures with their financial advisor to compute your tax liability on both the Capital Gains on Mutual Fund holdings and the dividend payouts applicable. Click here to get the Dividend Report

The Model assumes purchase price of Re.0 for units added to your portfolio through Dividend Reinvestment, and computes gains based on FIFO logic.
Please Note:Refer to communication from ICICIdirect and/or your fund house to identify which Dividend Reinvestment transactions are a result of Dividend Reinvestment, and take the appropriate measures with your financial advisor to compute your tax liability on these.

In case of Transfer-Out (TO), all transactions preceeding the TO date are included in the Capital Gain computation. However, once the folio has been Transferred-Out, the transaction will not be included in the computation.

Switch -In (SI) transaction is treated as a new " Purchase" for Capital Gain/Loss computation. Similarly, Switch Out (SO) is treated as "Sell" and will invite Capital Gain/loss, as applicable.
Please Note:Refer to communication from ICICIdirect and/or your fund house to identify which SI/SO transactions are a result of merger activity, and take the appropriate measures with your financial advisor to compute your tax liability on these

No, this is not a final tax computation for filing your Income Tax returns. The printout of this statement can be used by your designated financial advisor in the computation of your Income tax returns in accordance with applicable tax slabs.