If I opt to purchase MF units of a given scheme from an AMC by opening a new portfolio every time I purchase.and sell them later, I need to calculate my capital gains folio wise - scheme wise only. I should not calculate scheme wise on FIFO basis across all portfolios. Is this understanding correct?
Hey @Sankar , your understanding is correct. Capital gains from sale of mutual funds is calculated on a scheme-wise basis for each folio.
Example: You bought 50 units of the ABC Liquid Growth Fund from Upstox in February and then bought another 100 units of the same scheme from Zerodha in April. Later, you sold 10 units in December via Zerodha.
In this case, your capital gains will be calculated based on the Zerodha folio, considering the holding period from April (when you bought from Zerodha) to December.
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