I paid $150,000 to buy a Perpetual Managed Fund in August last year at $1.8 per unit. The fund unit price now drops to 0.6cent per units. I got a significant unrealised capital loss. However, In 30 Jun 2015, there is a significant distribution (50%) of capital gain based on the fund statement. It means that though I have a significant unrealised capital loss, I still have to pay tax for the capital gain tax due to the fund capital gain distribution. Note that the total value of initial investment units ad reinvestment of distributed units is less that my initial investment capital. This seems to be unfair of the tax system on the managed fund.