Mutual fund capital gains calculator

How mutual fund capital gains are taxed

You pay capital gains tax only when you sell, switch or redeem units, not while you hold them. The gain is the sale value minus what you paid. How it is taxed depends on the fund's type and how long you held the units. The rates below apply to sales on or after 23 July 2024 and are unchanged for FY 2026-27 (rules as of 23 Oct 2026).

For sales before 23 July 2024 the rules were different: equity gains were taxed at 15% short-term and 10% long-term above ₹1 lakh, and debt bought before 1 April 2023 and other funds were long-term after 36 months, at 20% with indexation. This calculator covers sales from 23 July 2024.

Add 4% health and education cess to the tax; surcharge applies at higher incomes. The Income Tax Act 2025 took effect on 1 April 2026 with the same rates and holding periods, and Budget 2026 did not change them. Exchange-listed ETFs such as gold ETFs become long-term after 12 months; this calculator covers mutual fund units. The ₹1.25 lakh exemption applies only to long-term gains on equity shares and equity-oriented funds.

How the calculator works

It finds your units from the amount and the NAV on your buy date, values them at the NAV on your sell date, and takes the difference as your gain. It then counts the months held, applies the rule for the fund's type, uses any of the ₹1.25 lakh exemption you have left for equity funds, and adds 4% cess.

Units = amount ÷ buy NAV · Gain = units × (sell NAV − buy NAV) · Tax = taxable gain × rate × 1.04

NAVs are the daily NAVs fund houses publish through AMFI, read from Kalpi's fund data. If you enter a weekend or market holiday, the calculator uses the next NAV, the one your purchase or redemption would have been processed at, and shows that date. The holding period runs from that purchase date to that sale date: equity units sold on the same date 12 months later are still short-term; one day more makes them long-term. Units are worked out to three decimals, as fund registrars allot them, and the 0.005% stamp duty on purchases is left out.

The fund type is read from the fund's SEBI category: equity-oriented funds hold at least 65% in Indian equity (arbitrage and equity savings funds count), debt funds hold more than 65% in debt and money market, and everything in between, such as hybrid funds with 35–65% in equity, gold and international funds of funds, is taxed as an other fund. Where the category does not settle it, as for some balanced advantage, multi-asset and fund of funds schemes, the calculator says so and you can change the type. The fund's factsheet states its tax treatment.

It leaves out surcharge, set-off of losses against other gains, your other income, exit load and the rules for non-residents. To look up a NAV on its own, use the NAV history lookup; to see what an early redemption costs, use the exit load calculator.

Gains on SIP units: first in, first out

Every SIP instalment is a separate purchase with its own NAV and its own holding period. When you redeem, the oldest units are treated as sold first. So one redemption can be part long-term and part short-term. Add each purchase with "Add another purchase" (up to 24), set "Units sold" to "Some" if you did not sell them all, or upload your CAS to have every instalment read for you.

Equity units bought before 1 February 2018

Gains up to 31 January 2018 are protected by the grandfathering rule. For units bought on or before that date, the cost is taken as the higher of what you paid and the lower of the NAV on 31 January 2018 and your sale value. The calculator applies this automatically when your buy date is on or before 31 January 2018 and shows the NAV it used.