AIS for mutual fund transactions in India

The Annual Information Statement (AIS) is a comprehensive tax-information document maintained by the Income Tax Department of India on its Compliance Portal, that aggregates financial transaction data reported by third-party entities under Section 285BA of the Income Tax Act, 1961. For mutual fund investors, the AIS is particularly important because it independently records all mutual fund purchase and redemption transactions, dividend payouts, and SIP instalments reported by RTAs (CAMS and KFintech) through SFT-015 (Statement of Financial Transactions, Type 015). Investors can cross-verify their AIS against their RTA statements and capital gains statements before filing an income-tax return.

For a full overview of the AIS as a document, see Annual Information Statement. This article focuses on the AIS as it pertains specifically to mutual fund transactions.

How mutual fund data enters the AIS

SFT-015 reporting by RTAs

Section 285BA of the Income Tax Act, read with Rule 114E of the Income Tax Rules, 1962, requires specified entities to file a Statement of Financial Transactions (SFT) for transactions above prescribed thresholds. For mutual fund RTAs, the relevant SFT type is SFT-015, which covers:

• Purchase of mutual fund units (including SIP instalments) aggregating Rs 10 lakh or more in a financial year per investor per RTA
• Redemption of mutual fund units aggregating Rs 10 lakh or more in a financial year per investor per RTA

CAMS and KFintech file SFT-015 with the Income Tax Department annually (by 31 May for the preceding financial year). The data in SFT-015 is then populated into each investor’s AIS.

As of 2021-22 onwards, the Income Tax Department began pre-populating ITR forms with AIS data, including Schedule CG prefill with mutual fund redemption details derived from SFT-015.

IDCW (dividend) reporting

AMCs separately report dividend payments (now called IDCW – Income Distribution cum Capital Withdrawal) under SFT or the TDS return (Form 26Q, if TDS was deducted under Section 194K). The AIS therefore also shows:

• IDCW amounts received by the investor
• TDS deducted under Section 194K (applicable if cumulative IDCW from an AMC exceeds Rs 5,000 in a financial year)

Navigating the AIS for mutual fund data

The AIS is accessible at incometax.gov.in/iec/foportal/ under “Services” then “Annual Information Statement”.

Within the AIS, mutual fund-related data appears under:

• Part B – SFT Information: SFT-015 entries showing purchase amounts (as SFT-Reported Purchase of Mutual Fund Units) and redemption amounts (as SFT-Reported Redemption / Repurchase of Mutual Fund Units)
• Part B – Dividend Income: IDCW payouts from mutual funds
• Part C – TDS / TCS information: TDS under Section 194K (dividend TDS) reflected on Form 26AS

The AIS shows the reporting entity (CAMS or KFintech), the transaction category, the gross amount, and any TDS deducted.

Cross-verifying AIS with RTA statements

Investors should compare the following before filing an ITR:

Common causes of mismatch:

• Threshold reporting: SFT-015 is filed only if transactions exceed Rs 10 lakh per investor per RTA. If total purchases or redemptions were below this threshold, the figure may be absent from the AIS even though the transactions occurred. Investors should not assume the absence of an AIS entry means no transactions – it may just be below the reporting threshold.
• Timing differences: RTAs file SFT for the preceding financial year by 31 May. Transactions processed in March may not appear in the AIS until May or June.
• PAN not linked to folio: If the folio did not have the investor’s PAN linked, the RTA may not have included those transactions in the SFT filed under that PAN.

Using AIS feedback

The AIS portal allows investors to submit feedback on each entry:

• Information is correct: Confirm the transaction is accurate.
• Information is not fully correct: Note the discrepancy (e.g., amount differs).
• Information relates to other person / year: Flag if the entry belongs to a different taxpayer or financial year.
• Information is duplicate: Flag if the same transaction appears twice.

Feedback does not automatically amend the AIS; the original reporter (CAMS or KFintech) must re-file a corrected SFT. However, the Income Tax Department considers investor feedback when processing returns and may reduce discrepancy-based scrutiny.

Impact on ITR pre-filling

From FY 2021-22 onwards, the ITR-2 and ITR-3 forms offer pre-filled data sourced from the AIS. The pre-filled Schedule CG may include capital gains computed from SFT-015 data. Investors should treat pre-filled data as a starting point only and verify it against their own capital gains statement (from CAMS/KFin/MFCentral), as the pre-filled computation may be incomplete (e.g., it may not apply the grandfathering adjustment correctly, or it may miss folios below the SFT threshold).

See also

• Annual Information Statement
• Form 26AS – TDS on MF dividend
• ITR-ready capital gains statement
• CAMS/KFin capital gains statement
• Consolidated Account Statement (CAS)
• Mutual fund

References

1. Income Tax Act, 1961, Section 285BA – SFT reporting obligations.
2. Income Tax Rules, 1962, Rule 114E – SFT thresholds and types.
3. CBDT circular on AIS and pre-filled ITR (2021 and subsequent amendments).
4. Income Tax Department AIS User Guide, incometax.gov.in (accessed May 2026).