HDFC Bank, India's largest private sector bank has introduced a new feature to its SmartWealth App, making investment tracking and tax planning significantly easier for users. The new Capital Gains & Losses Report feature, will empower investors to gain better insights into their mutual fund performance across all platforms.
The Capital Gains & Losses Report, enables users to track capital gains across all their mutual fund investments, including those made outside the HDFC Bank SmartWealth platform.
"This feature is perfect for investors who manage multiple portfolios and struggle with consolidating performance data during tax season." "With this comprehensive report, users can now access their complete investment performance in one place, eliminating the need to gather statements from multiple sources," according to a company statement.
Users can easily generate reports for the current financial year, previous year, or any custom date range they choose.
The Capital Gains & Losses Report has four key features for its users:
* All-in-One View: Consolidated display of capital gains across all mutual fund investments, including external platforms.
* Easy Tax Filing: Instant download of statements for current financial year, previous year, or custom date ranges.
* Time-Saving Solution: No need to gather data from multiple platforms or contact different fund houses.
* Enhanced Investment Insights: Clear visibility into portfolio performance for better investment decisions.
"With this latest addition, the HDFC Bank SmartWealth App continues to be a reliable and user-friendly tool for anyone looking to track, manage and optimise their investments with greater ease and confidence," the bank said in a statement. "The feature is now available on the latest version of the app, and users are encouraged to update their application to access this innovative tool," the statement further added.
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