Redemption & Switch Tax
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🧾 Redemption & Switch — Tax Impact

Upload the client's Consolidated Account Statement, mark what they are thinking of redeeming or switching, and see what it costs in capital gains tax — long-term and short-term, scheme by scheme, on FIFO lots read straight out of the statement.

This is a tax IMPACT statement, not a plan and not tax advice. It prices a decision the client and their distributor have already discussed; it does not suggest what to do. Figures are indicative estimates from the CAS alone — they exclude other income, set-off and carry-forward of losses, surcharge, and anything outside this statement. The client's Chartered Accountant confirms the final numbers. A switch is a redemption for tax — moving money between schemes triggers the same capital gains as taking it out.

Mutual Fund investments are subject to market risks. Read all scheme related documents carefully.

1 · The client's CAS

CAMS / KFintech detailed statement (the one with transactions, not just holdings). Processed entirely in this browser — the file is never uploaded anywhere.
📄 Drop the CAS PDF here, or click to choose
Nothing leaves your device. Nothing is stored.

2 · What is being redeemed or switched

Check the asset class on each line — the CAS never states it, and the tax rules are completely different. Amounts update the totals live.
Or set each scheme individually below.
SchemeAsset classUnits heldValue ActionAmountLong-term gainShort-term gainTax

3 · What it costs

How the numbers are worked out. Units are matched FIFO — oldest first — exactly as the AMC does it. Equity-oriented schemes: 12-month holding line, short-term at 20%, long-term at 12.5% with the ₹1.25 lakh exemption applied once across the whole portfolio, and units bought before 1 Feb 2018 valued using the grandfathering rule. Debt schemes: units bought on or after 1 April 2023 are always short-term at slab rate (Section 50AA); older units get the 24-month line. Hybrid, gold and international funds: 24-month line (12 months for listed ETFs). Health and education cess of 4% is added to every figure. The slab rate you pick drives every non-equity short-term figure, so set the regime and the client's marginal rate before reading the totals. Surcharge, other income, losses brought forward, STT and exit load beyond what you enter are not included.