In a move to enhance the investor experience, HDFC Bank has launched a new capital gains tracking feature within its SmartWealth App, making it India’s first such app to consolidate capital gains and losses across all mutual fund investments—even those made on other platforms. This development marks a significant advancement in how investors manage, review, and file taxes related to their mutual fund portfolios.

Unified Capital Gains Report Across Platforms

Until now, mutual fund investors needed to collect separate capital gains statements from various fund houses or platforms, creating hassles during tax season. HDFC Bank’s SmartWealth app now simplifies this by offering a consolidated Capital Gains & Losses Report.

This report provides a complete overview of mutual fund investments, regardless of whether the investment was made through HDFC Bank or any other intermediary. It calculates both short-term and long-term capital gains, offering users a reliable tool for tax planning.

Customisable and User-Friendly Functionality

The newly added feature is highly user-centric and allows:

• Viewing gains/losses from investments done both on and off the SmartWealth platform.

• Generation of capital gains statements for the current financial year, previous year, or for a custom date range.

• One-tap access to download reports that can be directly used for ITR filing.

This ensures that users do not need to visit multiple platforms or manually compute capital gains before filing taxes, saving time and reducing the risk of errors.

4 Key Advantages of the Capital Gains Tracker

HDFC Bank highlighted four key benefits of this latest update:

1. All-in-One View:
   The SmartWealth App now offers a unified view of capital gains, inclusive of external mutual fund platforms. This means even if a user invested through another broker or AMC, their performance will still show up in this single report.

2. Easy Tax Filing:
   The tool enables users to instantly generate capital gains statements, a significant time-saver during the income tax return (ITR) filing season.

3. Time-Saving Efficiency:
   It eliminates the need to gather multiple documents from different fund houses, drastically reducing the effort for investors managing diversified portfolios.

4. Better Portfolio Insights:
   The insights from the capital gains tracker help investors understand which assets are performing better and which need attention, allowing for smarter financial decisions.

Making Tax Filing Seamless

Tax filing can be a daunting task for many, especially when it involves calculating gains and losses across several mutual fund platforms. HDFC Bank’s initiative eases this burden by providing an automated calculation system. Whether it is short-term capital gains (STCG) or long-term capital gains (LTCG), the app classifies and computes them based on holding periods and applicable tax rules.

This is a big plus for salaried individuals, high-net-worth investors, and even first-time mutual fund investors who previously relied on their CA or financial advisor for such reporting.

SmartWealth App’s Role in Digital Wealth Management

The SmartWealth App is HDFC Bank’s flagship platform for digital financial planning, mutual fund investments, SIP tracking, and now capital gains management. With this update, HDFC Bank has reaffirmed its commitment to creating a seamless digital ecosystem for Indian investors.

The app is available for both Android and iOS users, and the latest feature can be accessed by simply updating to the newest version. With this rollout, HDFC Bank is not just catering to DIY investors but also simplifying tasks for professionals and retirees managing multiple portfolios.

An Industry First: Competitive Advantage for HDFC Bank

HDFC Bank is the first financial institution in India to integrate such a comprehensive capital gains tracker within a mobile application, giving it a significant edge over competitors in the digital wealth management space.

While many platforms allow you to invest in mutual funds, few offer such depth of portfolio tracking, particularly when it comes to capital gains and tax readiness. The move is likely to boost app adoption and increase customer engagement, especially around the tax season.

Encouraging Users to Update the App

The bank is encouraging users to update to the latest version of the SmartWealth App to access the new functionality. HDFC Bank continues to push for innovation in the digital finance space, aiming to make investment tracking, portfolio performance analysis, and tax preparation easier than ever before.

The SmartWealth app now stands as one of the most feature-rich mutual fund platforms available in India, with capabilities that go beyond just investment execution.

Conclusion

With the rollout of its capital gains tracking feature, HDFC Bank’s SmartWealth App is redefining how retail investors manage their mutual fund portfolios. By offering real-time insights, customisable capital gains reports, and seamless tax filing support, the bank is empowering users to take control of their investments like never before.

This update is not just a tech upgrade—it’s a strategic move in India’s growing digital wealth management landscape, positioning HDFC Bank as a clear leader in offering customer-first, tech-enabled financial solutions.

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