[GNC] posting of Switching of Mutual Fund

Paras Desai desaiparas at outlook.com
Mon Jan 8 09:19:20 EST 2024


Hello Sirs,

I have an investment in a liquid Mutual fund and I every week 
systematically transfer some amount to an Equity Fund (which is STP)

While doing so, there is an effect of Capital gain or Loss and the money 
does not come to any account, but the fund gets transferred to another 
fund automatically

The Transaction is like below

A. Liquid Fund : SWITCH OUT  (PRACTICALLY SALE)

      Units 773.14, Purchase Cost : 9696.630, Sales realization is : 
10000, Short term Capital Gain is 303.370

B. Equity Fund: SWITCH IN (PURCHASE)

     Units : 75.684, Value: 10,000

Here, Money does not come to my bank or security account

Normal Posting could be

Cr Liquid Fund : 9696.630

Cr Short Term Capital Gain : 303.370

Dr Equity Fund, 10000

I am just wondering, how this transaction can be effected in GNUCASH. I 
tried to search for wiki and some old communication on this subject but 
could not get the clear idea. Hence, thought of seeking help here.

Will very much appreciate any help

With my best regards


Paras



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