In the last 2 or 3 yrs, there have been significant defaults in debt funds. Mutual funds then created segregated portfolios for such units proportion to the initial investment in the Folio.
Three credit amounts were received in the FY 2021-21 from segregated portfolios. The Purchase NAV of such units shows 0.
How to calculate the correct and exact Capital Gains for such segregated portfolio units?
Find the Cost Allocation: Look for the "Segregation Letter" or "Account Statement" from your AMC to find the ratio used to split the cost from your original investment.
Determine Date of Purchase: Use the date you originally purchased the units in the main portfolio.
Calculate Gains: Subtract the allocated cost from the redemption proceeds.
Check Tax Status: Apply the tax rate based on whether your total holding period qualifies as STCG or LTCG and the date of your initial investment.
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