My experiments with MFs

[timepass]

As I mentioned in the General Trading Chat thread, I have been experimenting with mutual funds lately. Below is the screenshot of the summary

I had earlier in March/April applied for SBI Dividend Yield Fund NFO with 10k and watched it grow. When I started again recently, it was still a new world for me, so most of my 137 funds so far are in 1 time Rs. 100, some for Rs. 500 or 1000 and 2 funds for Rs. 5k each.

The categorywise distribution is as follows :

The Order in Progress that you see in the pic is for redemption. This is interesting.

This fund is up by 10% in the last 1 month, so I thought "Let's try bringing the money back home". I applied for redemption of Rs. 100 out of Rs. 1100 total in this.

Applied on 24th Nov, but the money will be sent to me after 10 days

Will keep posting more, slowly.

 

[godfather]

Would love to hear more about the experiment please go on. Zerodha Coin vs Grow which one to choose for direct investment?

 

[timepass]

Would love to hear more about the experiment please go on. Zerodha Coin vs Grow which one to choose for direct investment?

Not using Coin at present. Good idea. Will get to it in due time. I only have a trading account with Zerodha.

Members, please share your experiences too.

 

[timepass]

I am finding how difficult it is to get a bird's eye view of one's investments if done through different platforms. The figures shown are not really the ultimate.

See this :

Check the NAV shown here for the Kotak Focussed Equity fund :

But the NAV is actually 20.73

https://money.rediff.com/mutual-fun...+Equity+Fund+-+Direct+Plan+-+IDCW&snssrc=sugg

 

[timepass]

Most of my investments are in IDCW plan. The idea was to get passive income, like getting interest PAYOUT from the FDs. I didn't know about dividend re-investments at the time.

Here is the dividend report from Finvasia.

This is for about a month.

But why would I want re-investment ? If I wanted that, why wouldn't I go for growth plan ?

 

[timepass]

I have recently opened an account with HDFC AMC and am thinking of investing in HDFC funds directly. The other brokers may not offer all the funds in which HDFC accepts investments.

What's your opinion about this ?

 

[timepass]

I had invested 100 Rs. in this fund some time ago. It didn't seem to be doing anything, so I thought of switching over to another fund.

But it says "insufficient units for switch" . So how do I know the minimum units required for a switch ?

 

[timepass]

Seems like redemption is a delayed process for the MFs. Can take upto 10 calendar days / 7 working days.

Even debt funds can take 3-4 days.

Don't know about liquid funds.

Redeeming through Finvasia (demat), they guarantee T+2, maybe earlier. But demat charges of 10.62 can eat into the profits. Also, one has to negotiate through different platforms. I have raised a ticket with them about redemption of partial units. Waiting for their reply.

 

[timepass]

Then there is the problem of Demat versus SoA. I understand demat, but have many in the SoA.

The problem is getting combined reports.

You can buy directly through MFcentral, but I have faced problems there too.

 

[touchraj16]

I am planning to buy some mutual funds through indmoney app. first trying to know the app well then will go.