Mf investment entries in books of accounts
This query is : Resolved
Arpit Kumar
(Querist)
15 May 2019
I've invested in following Mutual Funds:
1. ADITYA BIRLA INFRASTRUCTURE FUND - GROWTH : 477.995 units on 17-03-2006 at NAV of 10.23.
2. HDFC TOP 100 FUND - REGULAR PLAN - GROWTH : 56.46 units on 02-03-2010 at NAV of 176.55
3. KOTAK EQUITY OPPORTUNITIES FUND-GROWTH : 140.539 units on 30-06-2009 at NAV of 33.59
Now, I redeemed all the units of all the funds above on 11-06-2018 at NAV of 33.94, 447.28 and 14.49 respectively for which I got credited in my bank account a sum of Rs.57647.40.
How can I show all the entries in accounting? Also, how can I calculate capital gain?
Thanks in advance.
1. ADITYA BIRLA INFRASTRUCTURE FUND - GROWTH : 477.995 units on 17-03-2006 at NAV of 10.23.
2. HDFC TOP 100 FUND - REGULAR PLAN - GROWTH : 56.46 units on 02-03-2010 at NAV of 176.55
3. KOTAK EQUITY OPPORTUNITIES FUND-GROWTH : 140.539 units on 30-06-2009 at NAV of 33.59
Now, I redeemed all the units of all the funds above on 11-06-2018 at NAV of 33.94, 447.28 and 14.49 respectively for which I got credited in my bank account a sum of Rs.57647.40.
How can I show all the entries in accounting? Also, how can I calculate capital gain?
Thanks in advance.
Amol S Joglekar
(Expert)
06 June 2019
create separate account for each mutual fund
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