[shipnil]

Originally Posted by Guite

Btw, when importing mutual funds data into ICICI netbanking app, both tranches show separately.

I agree with Sunich. I don't think it is possible to select which transaction to close. Are the two investments in separate folios, but in the same scheme?

[vijaykr]

Originally Posted by Guite

I opened the AMC mobile phone app and managed to access both tranches separately. I initiated a switch of the second tranche (11a in example above). During the switch process it displayed a popup of the exit load equivalent to 1% of 11a amount. By Monday or Tuesday the full transaction detail will be known.

While the transaction statement/listing typically shows purchases in the same fund separately, I have never seen an option on redeem individual purchases in the same folio in the same fund. If you can mention which AMC mobile banking app you were able to do this, I'd like to give it a go as well

Originally Posted by Guite

Btw, when importing mutual funds data into ICICI netbanking app, both tranches show separately.

How do you import MF data into the NetBanking app? Never done this before, but I will look into it.

Originally Posted by shipnil

I agree with Sunich. I don't think it is possible to select which transaction to close. Are the two investments in separate folios, but in the same scheme?

Yes, I agree as well. Unless the two investments are in their own folios, I have never observed an option to select individual purchases for redemption. I always thought that unit redemptions were FIFO-based only.

[vinodh_eee]

I have a question for MF experts.
Does it add value for us, retails investors, to allocate our total SIP into large-cap, mid-cap and small-cap ourselves? Or does it make sense to choose a flexi-cap or multi-cap fund and let the allocation to the fund managers.

[Guite]

Originally Posted by shipnil

I agree with Sunich. I don't think it is possible to select which transaction to close. Are the two investments in separate folios, but in the same scheme?

Originally Posted by vijaykr

While the transaction statement/listing typically shows purchases in the same fund separately, I have never seen an option on redeem individual purchases in the same folio in the same fund. If you can mention which AMC mobile banking app you were able to do this, I'd like to give it a go as well

Same scheme, same folio number, but different transactions. It shows separate maybe because one is regular and the other is direct. I have attached screenshots of ABSL mobile phone app. Sorting by folio number, both transactions are listed separately, with TRANSACT button for each. On clicking Transact button, options like redeem, switch, etc appear below it.

How do you import MF data into the NetBanking app? Never done this before, but I will look into it.

I have attached screenshots of ICICI bank netbanking app. Swipe to the Investments panel, click on mutual funds >> import.

PS: In case any private information is inadvertently revealed in the screenshots, please let me know.

[SmartCat]

Originally Posted by vinodh_eee

I have a question for MF experts.
Does it add value for us, retails investors, to allocate our total SIP into large-cap, mid-cap and small-cap ourselves? Or does it make sense to choose a flexi-cap or multi-cap fund and let the allocation to the fund managers.

Whether it adds value or not depends on your timing and allocation percentage. Stocks in smallcap universe can be overpriced or underpriced for many years. So perhaps it is best to let the fund manager decide.

[vinit.merchant]

Today I stopped my SIPs in PGIM Flexicap.
In fact, I had 2 SIPs in it, the first one I stopped 8 months back & shifted to Quant Large & Mid + Mahindra Manulife Large & Mid. Both are doing better than PGIM Flexi

I kept one SIP going in the hope that the fund will turn around, but that is not to be.

Stopped the final SIP and shifted to Samco Active momentum fund.
This fund gave handsome returns since it started 7 months back, so increased my SIP amounts here.
Instead of a single monthly SIP, opted for weekly SIPs.

[shipnil]

Originally Posted by Guite

Same scheme, same folio number, but different transactions. It shows separate maybe because one is regular and the other is direct.

This clarifies the things. A regular and direct are two separate schemes with different ISIN and different NAV. This is the reason you could select a specific transaction for redemption.

[Guite]

Originally Posted by shipnil

This clarifies the things. A regular and direct are two separate schemes with different ISIN and different NAV. This is the reason you could select a specific transaction for redemption.

It never occurred to me that NAV of direct and regular would be different. My assumption was that administration cost and commission (expense ratio) would be deducted from your capital investment and remaining amount will be utilised towards buying the MF units.

Now that I checked it, the NAV of direct plan is approximately 10% more than regular. This is not to say that one generates 10% more profit than the other.

Another thought which comes to my mind, for which I am curious about the opinion of seasoned investers here is this. It seems to me that lumpsum investment, in place of SIP, will generate more gain. Mutual fund NAVs are expected to always climb, not fluctuate (dip and rise) like stock. So if I purchase at current rate with lumpsum amount, I will get more units than if I spread that amount over one or two years and buy units at increasing price.

On the other hand the benefit of SIP would be the opportunity to buy more units during downward trend in funds which fluctuate a lot.

[tasty911]

Originally Posted by Guite

Another thought which comes to my mind, for which I am curious about the opinion of seasoned investers here is this. It seems to me that lumpsum investment, in place of SIP, will generate more gain. Mutual fund NAVs are expected to always climb, not fluctuate (dip and rise) like stock. So if I purchase at current rate with lumpsum amount, I will get more units than if I spread that amount over one or two years and buy units at increasing price.

On the other hand the benefit of SIP would be the opportunity to buy more units during downward trend in funds which fluctuate a lot.

That is an incorrect understanding. The NAV can go up or down. It depends on how the underlying stocks. bonds or other entities are doing.
In the finance world, there is divided opinion on whether to buy lumpsum or phase it over a period of time (e.g. SIP). If the NAV is going up, lumpsum works better. On the other hand, if the NAV is going down, buying over a period of time works better. There is no way to predict.

[Guite]

Originally Posted by tasty911

That is an incorrect understanding. The NAV can go up or down.

A careful reading of my post will show that there are words like "expected to....". The last paragraph also admits that there can be "downward trend" in NAV. It is also pertinent to note that ET Money has a very useful rating which they call "Consistency of Returns". If you look at any fund having >4.5 rating under this criteria, the NAV graph have no or negligible dip: it is mostly up. In conclusion, I do understand that NAV can go up and down.

I would rather stick to those funds which go consistently up over three to five years period. It shows that the fund managers are excellent, and the fund is performing well. IMHO an NAV that have many fluctuation similar to some stock price illustrates a badly managed fund.

[Jaguar]

Originally Posted by Guite

MHO an NAV that have many fluctuation similar to some stock price illustrates a badly managed fund.

Not true. There can be instances where the entire market fluctuates affecting all the funds. So a fall in the NAV is not a direct indicator of a bad fund. The right comparison would be against other funds of the same category.

And these market fluctuations are the times when a SIP would be beneficial as you would be buying at low prices.

[Eddy]

What do the experts here think about the new SBI Energy Opportunities fund NFO? Worth investing? Looks like a high-risk-high-gain scenario to me.

[Naetik30]

Originally Posted by Guite

A careful reading of my post will show that there are words like "expected to....". The last paragraph also admits that there can be "downward trend" in NAV. It is also pertinent to note that ET Money has a very useful rating which they call "Consistency of Returns". If you look at any fund having >4.5 rating under this criteria, the NAV graph have no or negligible dip: it is mostly up. In conclusion, I do understand that NAV can go up and down.

I would rather stick to those funds which go consistently up over three to five years period. It shows that the fund managers are excellent, and the fund is performing well. IMHO an NAV that have many fluctuation similar to some stock price illustrates a badly managed fund.

Sir - you are contradicting yourself quiet a lot. As long as you understand MF NAV is basically a reflection of the component stock value, then all is well. As the stocks go up and down, so will the NAV. Do not go just by what the NIFTY 50 has done in the past year or past month.

On lumpsum vs SIP - it depends on individual situations. Would be best to understand the risk vs reward for each method and your current financial position and then decide. Even in case of deciding to go for lumpsum investment, you decide to invest all in one-go or decide to split and invest over a few weeks (depending on risk, market sitation, amount of investment, etc).

[fordday]

Originally Posted by Guite

Mutual fund NAVs are expected to always climb, not fluctuate (dip and rise) like stock.

Sir, this is a dangerous presumption. MF can go down very much like stocks, because it depends on the price of underlying stocks.

[SmartCat]

Originally Posted by Jaguar

There can be instances where the entire market fluctuates affecting all the funds. So a fall in the NAV is not a direct indicator of a bad fund. The right comparison would be against other funds of the same category.

Correct. There is even a metric called BETA (as in Alpha/Beta, not Maa/Beta ) that measures this.



Lower Beta means lower volatility compared to the index it is benchmarked against. Valueresearchonline/Morningstar etc mention Beta of each fund under 'Risk'. https://www.valueresearchonline.com/...ect-plan/#risk

But note that Beta is already incorporated into the 'star' ratings of a mutual fund. Lower Beta & higher Alpha (excess returns over benchmark) will result in 4 or 5 star rating.