The statement every investor has, read properly

The problem

Every mutual fund investor in India can download a consolidated account statement. It arrives as a password-protected PDF listing every transaction across every fund, from every registrar, going back years.

It contains everything you would want to know about your own portfolio. It is also close to unreadable.

The friction

The statement is a transaction log, not a portfolio. Working out what you actually hold means reconstructing it purchase by purchase. Working out the tax position means going further still — matching each redemption against the units it consumed, in order, to know which gains are short-term and which have crossed into long-term.

People do this in spreadsheets, once a year, badly. Most do not do it at all, and find out where they stand after they have already sold.

The system

ParakhFolio parses the consolidated account statement, reconstructs the portfolio it describes, and surfaces the capital-gains position inside it — which holdings are still short-term, and which have crossed the line into long-term treatment.

It reads the formats the registrars actually produce. It reports what the statement says. It does not recommend anything: this is information about a portfolio, not advice about what to do with one.

The workflow

Download the statement from the registrar, as any investor can. Give it to ParakhFolio. Read the portfolio and the tax position that were already in the file.

What we learned

The most useful product is sometimes not new information at all. It is the information everybody already has, in a format nobody extracts by hand.

Where the output touches money, the boundary has to be explicit. Reporting a tax position is a calculation. Telling someone what to sell is advice, and a different business with different obligations. The product stops at the calculation deliberately.

ParakhFolio is live as a product.