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Mutual fund investment entry

Lokesh L (Accounts & Finance Executive) (32 Points)

07 April 2018

Dear Sir,

We Invest 5,00,000/- in Mutual Fund, as in NAV has decreased last 2 months respetivley, presently the market vakle is Rs. 4,50,000/- so how we can show this entry in tally , whether the diffence amount can show in Short Term Capital Loss ? or how to show the decreased amount in tally ?

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12 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170071 Points)
Replied 07 April 2018

Any gain or loss is calculated only at the time of redemption. Till that period the investment value remains same...

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Lokesh L (Accounts & Finance Executive) (32 Points)
Replied 07 April 2018

Thanks for the clarification Sir.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170071 Points)
Replied 07 April 2018

My pleasure.....

Shiva Karnati (CA FInal) (49 Points)
Replied 13 June 2018

Dear Sir, We are investing in mutual funds every month Rs.5000/- from 2014 on wards. Total units as on June-2017 is 7353 and we redeemed 4045 units. How to account these entry. NAV as on June-2017 is Rs.37.

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Shiva Karnati (CA FInal) (49 Points)
Replied 13 June 2018

Dear Sir,

How to account switch out and switch in of Mutual funds.

Switch out

No of Units: 10000

Price: 14.9850

Total :149848.50

Switch in:

No of Units 4677.941

Price: 32.033

Total Amount: 149848.50

Please gude me how to account above switch out and switch in of mutual funds.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170071 Points)
Replied 13 June 2018

Originally posted by : Shiva Karnati
	Dear Sir, We are investing in mutual funds every month Rs.5000/- from 2014 on wards. Total units as on June-2017 is 7353 and we redeemed 4045 units. How to account these entry. NAV as on June-2017 is Rs.37.

Check your statement as on June 30, 2017.....

Also download/request for capital gains statement for FY 2017-18......

You will be clear about the entries......... or come back for clarification........

Good luck ...

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170071 Points)
Replied 13 June 2018

When there is switch out of scheme 'A' with switch in of scheme 'B' ....

Scheme 'B' 149848.50 Dr.

Cr. Scheme 'A' 149848.50 .......

Shiva Karnati (CA FInal) (49 Points)
Replied 13 June 2018

Dear Sir, Initial investment for Scheme A is Rs. 100000/- only . At the time of Switch out the prices was Rs.149848.50/-. What should we treat this difference as Capital gain?