[thoma]

Is it wise to invest in the new fund 'Mirae Asset Focused Fund'? Their 'Emerging Bluechip Fund' seems closed for subscription at present.

[sgiitk]

@thoma; I will personally avoid any new fund. Better wait for a year or so to gauge its performance.

This has been my rule of thumb.

[thoma]

Thank you sir.

One another thing I wanted to know about Value Research is how their 'Auto Post My Transactions' work. From where does it pull the market transaction data? Is it by linking your PAN number or your email id?

[SmartCat]

Originally Posted by thoma

One another thing I wanted to know about Value Research is how their 'Auto Post My Transactions' work. From where does it pull the market transaction data? Is it by linking your PAN number or your email id?

What? No. You are way off mark as to what "auto post my transactions" does. If a stock or mutual fund gives a dividend, your portfolio by default will not reflect that "transaction". By clicking on "auto post", your portfolio will then reflect the corporate or mutual fund action.

[thoma]

Originally Posted by SmartCat

will then reflect the corporate or mutual fund action.

Pardon me, but I still am not getting what 'auto post' does.

My transactions are restricted to sell, buy and switch, as I've opted only for growth options of any fund.

TIA.

[Simhi]

Originally Posted by thoma

Pardon me, but I still am not getting what 'auto post' does.

Let's say you have opted for dividend option of a mutual fund scheme and the scheme declares a dividend. Ideally, you should add this dividend as a transaction to calculate the actual returns. Either you can add the dividend manually as a transaction in valueresearchonline (VRO) or ask VRO to automatically ("auto post") add such transaction to your scheme transaction list.

[OHCVtec]

Originally Posted by thoma

Pardon me, but I still am not getting what 'auto post' does.
TIA.

I have multiple SIP's running and have enabled "Auto Post Transactions". This updates my portfolio every month with new SIP transactions, I had to specify the date of every SIP in valueresearch. Based on the date it posts the transaction, it has nothing to do with the actual transaction(eg. It will not capture a failed transaction). Also any dividends on shares etc will also be posted. Hope this helps.

[thoma]

Originally Posted by OHCVtec

Based on the date it posts the transaction, it has nothing to do with the actual transaction(eg. It will not capture a failed transaction). Also any dividends on shares etc will also be posted. Hope this helps.

Originally Posted by Simhi

Ideally, you should add this dividend as a transaction to calculate the actual returns. Either you can add the dividend manually as a transaction in valueresearchonline (VRO) or ask VRO to automatically ("auto post") add such transaction to your scheme transaction list.

Thanks much, this cleared it. I neither have the dividend nor the SIP options, that's why it took additional explanation to register. So the option for me is to use 'Upload Transactions' or update transactions manually.

[hothatchaway]

Originally Posted by thoma

Is it wise to invest in the new fund 'Mirae Asset Focused Fund'? Their 'Emerging Bluechip Fund' seems closed for subscription at present.

I think you should be able to do a SIP in the Bluechip fund, I started one a couple of months back

[sups]

Originally Posted by thoma

Is it wise to invest in the new fund 'Mirae Asset Focused Fund'? Their 'Emerging Bluechip Fund' seems closed for subscription at present.

You can invest in Emerging Bluechip Fund only through SIP.

[RiGOD]

Investing in a few funds from Franklin Templeton & ICICI via SIP's continuously for the last four years. All the funds are Growth plans (Direct). As far as I understand, Growth plan means that the dividend from time to time is reinvested for purchasing new funds, right?

But, when I check the Dividend reinvested status, it's Nil (for all the funds). Is there something I'm missing here?

[arvindmanju]

In a growth plan, they will not give dividend. As the name suggest it’s the growth plan, all the profits of the fund are invested in the fund and that gets reflected in the growth of NAV. If you wanted the dividend to be reinvested you should opt for dividend plan and select reinvest.

[RiGOD]

Originally Posted by arvindmanju

In a growth plan, they will not give dividend. As the name suggest it’s the growth plan, all the profits of the fund are invested in the fund and that gets reflected in the growth of NAV. If you wanted the dividend to be reinvested you should opt for dividend plan and select reinvest.

Thank you for the response. So in the long run both the options will serve the investor almost equally I guess

[sunilch]

Originally Posted by RiGOD

Thank you for the response. So in the long run both the options will serve the investor almost equally I guess

No. Earlier it was the case. But after the introduction of DDT (Dividend Distribution Tax) you will loose by choosing dividend option in any form (payout or reinvest).


-Sunil

[carboy]

Out of MFUtility, MyCAMS & Karvy, is there any pros & cons? If you want to go for regular plans of MFs (mostly debt funds), is there an advantage in choosing one over the other?