[hserus]

Did you suggest redeem and switch - or did you suggest changing the settings on an existing folio to DIRECT instead of an ARN?

If you redeem entirely and then enter the markets with a lumpsum into another fund / even the same fund .. you start from scratch again.

Originally Posted by gupta_chd

There is no compounding gain or loss in switching from one fund to another either from regular to regular plan of different funds or from regular to direct plan of same fund. In the latter case, you will eventually gain with the passage of time as there would be savings on broker commission and other charges of about 0.5-1%.

In case of switch from regular to regular, gain or loss would depend on the performance of funds after the switch.

[Holyghost]

Originally Posted by hserus

If you redeem entirely and then enter the markets with a lumpsum into another fund / even the same fund .. you start from scratch again.

The compounding benefits will be exactly same whether you continue in same fund for x no of years or you reinvest in the same fund every year for x years; provided there is no exit,entry fee and the reinvestment happens on the same day as withdrawal.

It is like having an FD for 5 years and also having an FD for an year and renewing it for 5 years at the same interest rate. Keeping tax and other charges away, the returns you get will be exactly same.

Now think about getting a better interest rate on FD for 3,4 and 5 year. The returns on your 5 yr FD will less while the FD which you renewed with higher interest for year 3,4 and 5 will give you a better returns.

This is what you will be doing by changing your funds to a better performing fund every year.

[hserus]

Suppose you have a SIP in a mutual fund with

10 units bought @ Rs.250
15 units bought @ Rs. 166.something
12 units bought @ 208.something

suppose the price goes back up to say 275 and you sell it, book a fat profit and then reinvest the whole lot at Rs.275. What happens to your P/L when the MF's NAV goes back to say 215..220? On the whole you may have made very little loss given you bought several units at cheaper than that price - if you had continued in that SIP. Else .. if you re-entered the market at 275, what do you see your unrealized losses as being?

[gupta_chd]

Originally Posted by hserus

Suppose you have a SIP in a mutual fund with

10 units bought @ Rs.250
15 units bought @ Rs. 166.something
12 units bought @ 208.something

suppose the price goes back up to say 275 and you sell it, book a fat profit and then reinvest the whole lot at Rs.275. What happens to your P/L when the MF's NAV goes back to say 215..220? On the whole you may have made very little loss given you bought several units at cheaper than that price - if you had continued in that SIP. Else .. if you re-entered the market at 275, what do you see your unrealized losses as being?

It would be same, no profit or loss

Forget about the price of initial purchase, suppose you are fund manager. I sell you 37 units of your fund at 275 and then buy 37 units again at 275. Where is the question of profit or loss if there are no supplementary charges. You may calculate if still in confusion, the net profit/loss would be nil.

[Fillmore]

Basic question.
Is there a Unified Code that a Mutual Fund has that can be referenced across the board ?

Eg: Given the Gazillion funds out there its a pain to query the same fund across portals
i.e. ICICI Direct has one code, Valueresearchonline another, Moneycontrol still another etc..
Is there a simple hack to pull the same fund across portals other than searching by the name ?

[sgiitk]

@Fillmore; No such animal yet. But CAMS allows you to link up all your accounts on the basis of the PAN of the first holder. I guess Karvy may be doing the same. As for FT who manage their own shop the Folio Number does the trick.

[Fillmore]

Originally Posted by sgiitk

@Fillmore; No such animal yet. But CAMS allows you to link up all your accounts on the basis of the PAN of the first holder. I guess Karvy may be doing the same. As for FT who manage their own shop the Folio Number does the trick.

Thanks for your reply.

The Folio tracking is fine for checking your own portfolio. But during your review if you want to lookup the fund, again you have to go through the hassle of identifying the fund on various online portals.

Or you research and find a good fund that you want to invest. Now come to ICICI Direct and there again its not a one click operation to find the same fund.

Can someone please take up this crusade and start an online Petition to have a Unique Code assigned to a MF which can be queried across any portal ?

[nowwhat?]

Originally Posted by Fillmore

Basic question.
Is there a Unified Code that a Mutual Fund has that can be referenced across the board ?

Interesting question, I hadn't thought about this until now. But AFAIK there is no unique (or common) identifier for a MF and it appears that SEBI too doesn't care (For that matter, BSE & NSE have different scrip codes even now).

But out of curiosity, why would you want to pull information from multiple portals? ValueResearch is reasonably complete and if one is looking for risk metrics, Morningstar provides a bit of that. Not sure what Moneycontrol and ICICIDirect add.

[sgiitk]

Originally Posted by Fillmore

Can someone please take up this crusade and start an online Petition to have a Unique Code assigned to a MF which can be queried across any portal ?

I think this is on the cards. Let the situation regarding the common KYC be first sorted out. Ultimately we need something like the US Social Security No, or the UK National insurance no, to fix this. Our own Aadhar, after a proper legal basis may become a candidate.

[earthian]

Originally Posted by sgiitk

I think this is on the cards. .... Our own Aadhar, after a proper legal basis may become a candidate.

Yes, Aadhaar would become the one point transaction identity, including for bank transactions.
I understand that the legal issues have been sorted out.

[Simhi]

Originally Posted by Fillmore

Can someone please take up this crusade and start an online Petition to have a Unique Code assigned to a MF which can be queried across any portal ?

If I am not wrong, amfiindia.com is one portal to which all Mutual Funds submit their NAVs on daily basis. amfiindia has unique number for each MF. I always look up the NAV from this site (written small program for the funds I own). Ofcouse, for research you can look up other sites.

You mentioned about going to ICICIDirect and having to look up specific MF. Why not switch over to direct funds and invest directly from fund house portal? I know it is hassle logging into each fund house portal but you need to look up less number of funds and at the same time you earn more by avoiding paying commissions to portals like ICICIDirect.

[sgiitk]

Originally Posted by earthian

Yes, Aadhaar would become the one point transaction identity, including for bank transactions.
I understand that the legal issues have been sorted out.

Good if they have. When was it? I will still like a challenge in the SCI which is duly rejected.

[nowwhat?]

Originally Posted by Simhi

You mentioned about going to ICICIDirect and having to look up specific MF. Why not switch over to direct funds and invest directly from fund house portal? I know it is hassle logging into each fund house portal but you need to look up less number of funds and at the same time you earn more by avoiding paying commissions to portals like ICICIDirect.

Since the OP hasn't replied, the necessity of having a common (unique) code beats me. After all, you zero in on a few (less than a single handful) funds, and like you I too invest directly from the fund house portal. So what's the big deal?

[Fillmore]

Originally Posted by Simhi

If I am not wrong, amfiindia.com is one portal to which all Mutual Funds submit their NAVs on daily basis. amfiindia has unique number for each MF. I always look up the NAV from this site (written small program for the funds I own). Ofcouse, for research you can look up other sites.

You mentioned about going to ICICIDirect and having to look up specific MF. Why not switch over to direct funds and invest directly from fund house portal? I know it is hassle logging into each fund house portal but you need to look up less number of funds and at the same time you earn more by avoiding paying commissions to portals like ICICIDirect.

I prefer all the funds located in a single portal so that tracking is easy, that was one reason why I went with ICICI Direct.
Logging into each individual fund house portal and tracking was a hassle.

Originally Posted by nowwhat?

Since the OP hasn't replied, the necessity of having a common (unique) code beats me. After all, you zero in on a few (less than a single handful) funds, and like you I too invest directly from the fund house portal. So what's the big deal?

I used to do this earlier, but now consolidated at ICICI.
I don't use ICIC for researching into funds, but just use the Dmat account.
What I meant to say was you zero in on a fund at Valueresearch.com then when you come to ICICI Direct to setup the SIP , its a different code here.

[AkMar]

I am below 30 years of age & have ongoing SIPs in ICICI Value Discovery & Mirae Asset Emerging Equities funds (apart from some FMPs and lump sum investments). I wish to start another SIP, but not sure of which category of fund I should choose. Balanced Fund/Large cap/some other type? Some pointers will be useful.