CAMS and KFin capital gains statement for mutual funds

The CAMS and KFin capital gains statement is a tax computation report generated by the two principal Registrar and Transfer Agents (RTAs) for Indian mutual funds – CAMS (Computer Age Management Services) and KFintech (KFin Technologies) – that computes the capital gain or loss arising from mutual fund unit redemptions during any specified date range. The statement applies the FIFO (first-in, first-out) method to assign purchase costs to each redeemed lot, segregates gains into short-term capital gains (STCG) and long-term capital gains (LTCG), and optionally applies cost indexation for qualifying debt fund holdings. It is the foundational tax document for mutual fund investors preparing to file an income-tax return.

This article covers the general capital gains statement generated for any date range or purpose. For the financial-year-specific, ITR-aligned version, see ITR-ready capital gains statement.

Distinction from the account statement

The CAMS account statement or KFin account statement is a transaction ledger – it records what happened (purchases, redemptions, dividends) without computing tax implications. The capital gains statement takes the same underlying transaction data and applies tax law to compute:

• The cost of each lot redeemed (purchase NAV × units redeemed per lot, FIFO)
• The sale consideration (redemption NAV × units redeemed per lot)
• The holding period of each lot
• The gain or loss per lot (sale consideration minus cost)
• The aggregate STCG and LTCG for the selected period

Date range flexibility

Unlike the ITR-ready capital gains statement (which is fixed to a financial year), the general capital gains statement from CAMS or KFin allows any custom date range. This is useful for:

• Mid-year tax planning (computing gains realised so far in the financial year)
• Checking gains before a planned large redemption
• Generating a statement for a specific period required by a bank or lender
• Retrospective queries for older financial years

Accessing the CAMS capital gains statement

From mycams.com:

1. Log in with e-mail OTP.
2. Go to “Reports” then “Capital Gains / Loss Statement”.
3. Choose “Detailed” or “Summary” mode.
4. Enter the date range (or select a financial year).
5. Select whether indexation should be applied (for eligible debt fund lots).
6. Download the password-protected PDF (PAN in uppercase as password).

Accessing the KFin capital gains statement

From KFinKart (kfintech.com):

1. Log in with e-mail OTP.
2. Navigate to “Tax Reports” then “Capital Gains Statement”.
3. Select date range.
4. Choose indexation preference.
5. Download PDF or receive via registered e-mail.

MFCentral combined statement

For investors with folios at both CAMS-serviced and KFintech-serviced AMCs, MFCentral generates a single consolidated capital gains statement covering both RTAs. This eliminates the need to manually combine two separate statements.

Key fields in the capital gains statement

Grandfathering for pre-2018 equity fund units

For equity fund units purchased before 31 January 2018 and held beyond 12 months, the cost of acquisition for LTCG under Section 112A is deemed to be the higher of (a) the actual purchase price and (b) the NAV as of 31 January 2018. This grandfathering clause is built into the CAMS and KFin capital gains computation for eligible lots.

Indexation for pre-April 2023 debt fund units

For debt fund units purchased before 1 April 2023 and held beyond 24 months (the pre-Finance Act 2023 threshold), indexation using the CBDT Cost Inflation Index (CII) is available. The capital gains statement will show both the unindexed gain and the indexed gain if indexation is selected. Note that Finance Act 2024 abolished indexation for new debt fund purchases but preserved it for pre-April 2023 units redeemed after 24 months of holding.

Common errors in the capital gains statement

• Missing lots: If a folio was not linked to PAN at the time of purchase, those lots may be absent. The fix is to update PAN on the folio with the AMC.
• Switched units misclassified: The switch-in date (not the original purchase date of the switched-out scheme) is the holding period start for the new scheme. Platforms sometimes misstate this.
• Bonus units with wrong cost: CAMS and KFin should show cost = 0 for bonus units; verify that this is the case.
• Dividend reinvestment units: Each IDCW reinvestment creates a new lot with cost equal to the reinvestment price. Verify the lot dates match the IDCW reinvestment date.

Cross-verification with the AIS

The Annual Information Statement (AIS) lists all mutual fund transactions independently reported by RTAs through SFT-015. Before filing, investors should ensure that AIS figures for purchase consideration and redemption proceeds match the CAMS/KFin capital gains statement. Discrepancies should be resolved via AIS feedback or by contacting the AMC.

See also

• ITR-ready capital gains statement
• CAMS mutual fund account statement
• KFintech mutual fund account statement
• Holding-period statement
• Annual Information Statement
• Capital gains tax in India

References

1. Income Tax Act, 1961, Sections 111A, 112, 112A, 50AA.
2. CBDT notification on Cost Inflation Index for FY 2024-25.
3. Finance Act 2023 and Finance Act 2024 – Debt fund taxation amendments.
4. CAMS Tax Report methodology, mycams.com (accessed May 2026).
5. KFintech Tax Report documentation, kfintech.com (accessed May 2026).