Help in Calculating Buy Cost and Sell Cost for Mutual Funds
It is more common that we buy mutual funds at different intervals (SIP) and sell them as single transaction. So we have given this example to cater this. The below example will demonstrate how to capture mutual funds that are brought through SIP’s / at different intervals and sold as single transaction. You can also make use of this example to determine Buy & Sell Cost
Buy Example:
Vandana had purchased Mutual Fund through SIP at different intervals
| # | Buy DATE | Quantity | Price / Share | Cost | Brokerage / Entry Load | Buy Cost |
| 1 | 1/7/2008 | 100 | 10 | 1000 | 10 | 1010 |
| 2 | 1/8/2008 | 90.90 | 11 | 1000 | 10 | 1010 |
| 3 | 1/9/2008 | 111.11 | 9 | 1000 | 10 | 1010 |
Sell Example:
Vandana sold all the units shares on 1/9/2009 for Rs. 16/-.
| # | Sell DATE | Quantity | Price / Share | Sell Value | Brokerage / Exit Load | Sell Cost |
| 1 | 1/9/2009 | 302.1 | 16 | 4833 | 120 | 4713 |
In such cases we advise you to provide the information as given in the below example in the RoboTax.in screen.
Categories: Tax Planning
