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Although I have my investments in MF, but surprisingly I have never enrolled into an SIP! All my investments are lump sum investments for which I have used a few direct AMC websites, Franklin being one. At least for lumpsum investments, I have found it to be smooth enough and uncluttered. Especially, the statements are very simple and uncluttered for anyone to read.

Though, I have noticed that you cannot generate a blank folio with franklin, hence to use the portal, you must need to first sign up your investments with a distributor.

Would be helpful for all members if you could elaborate where exactly were you stuck.

Regards.

Sups,
Have you by any chance used their services? Any feedback?

Its almost a single person company. The main person is Melvin, a nice guy. Check my PM.

I have a 5K per month SIP in IDFC Equity Fund running till Mar 2018. The fund forms about 30% of my total portfolio as well. Comparing the performance with other funds, I am thinking whether to keep the SIP running or stop. And should I switch the existing units to some other fund?

After Kenneth left IDFC had not done so well. I would suggest you look at some other AMC.

Kenneth Andrade was the uncrowned king of the SME world. By and large i find over two decades at least, that the Grindlays MF - the SC MF and now IDFC MF has not done too well in the Equity world. their Premier was an exception thanks to Andrade but the rest, less said the better. On the other hand they have done quite well in the debt segment.

Experts,

I have 3 mutual funds from Reliance family and am presently in consolidation mode. Kindly advise a good fund within Reliance to swap the existing portfolio in the Hybrid or Debt categories.

1) Reliance Diversified Power sector fund - This definitely needs to go. A laggard.
2) Reliance Equity Opportunities fund - Should I keep this? Swap the rest into this one?
3) Reliance Small Cap fund - Sitting on a good profit. Looking at present volatility looking to book profits

All the above funds were lumpsum purchases more than a couple of years back. All the above funds are Direct purchases and have a good amount of profit. Intend to stash the profits into a debt or hybrid funds.

If I swap all the three funds into a single fund, do I still have to declare in the IT returns?

Kindly suggest.

Once the best performing Mutual Fund house, they seems to be on the down slide. Would it be better if I totally exist Reliance fund house?. In the past the fund house was my major investment avenue and has returned some handsome profits.

Seems like no expert is willing to suggest anything to my query as above. I will have start doing my homework then. :confused:

Even if you swap funds, it's still treated as sell activity and capital gain is calculated accordingly on profit earned

Here is my experience with Reliance MF:

I consider ease of claim settlement equally with the financial returns. Now, I don't have any investment in Reliance MF. :thumbs up clap:

Hope it is not too late to respond for this post.

I'm not an expert in Mutual Funds to give advice on whether or not you should exit from Reliance MF.

But I do know about tax liability if you choose to redeem all your units in the 3 funds that you quoted. I have made some part of your post in bold above. Since all the 3 funds are Equity funds and you have invested in them more than 1 year back, all your profits qualify as 'Long term Captial Gains'. When you declare your Income Tax Returns (ITR2 perhaps?) please go to the Sheet named 'Exempt Income'. In it you will have Item called 'Long-term capital gains from transactions on which Securities Transaction Tax has been paid'. Please declare your profits in this section (this will NOT add anything to your tax liability). And you are done.
Hope this helps.

+1. I stay away from Reliance group as a whole. Dont trust them with your hard earned money. There are other good MF houses which will serve better in the long run.

This definitely helps. Thanks for the information. So all I need to do is mention the total profit upon redemption of three MF's. Will I have to update this sheet if I swap the units from one scheme to another within the same fund family?Does this sheet hold good for the stocks sale held for more than a year?

All three plans you list are from Reliance. They attract strong sentiments, some love them, some loathe them. I will suggest you look at some websites link valueresearchonlinecom to help you decide. I personally find them taking a shorter horizon than my liking, but this is my opinion.

You are welcome. Yes, that's all you'll need to do. Basically declare the profits as long-term capital gains which do not attract income tax.



I guess what you are referring to as 'Swap' is actually known as a 'Switch' in Mutual Fund parlance. Correct me if I'm wrong here.
If my understanding is correct, from Income Tax point of view - 'Switching' is the same as 'Redeeming' from one fund followed by 'Investing' in another. So whatever profits you made due to this 'Redeeming' will have to be declared in your IT returns.


I'm not a Stocks person. But I don't see why the same sheet shouldn't be used to declare long term profits from stocks as well. Other BHpians like @sgiitk perhaps can probably help you out here!


Ah, one other thing which I thought may be useful to you (and perhaps for others as well).
If you are unable to decide on which fund to invest in, you can get some idea based on the CRISIL ranking of mutual funds - which they release after every quarter's performance. This document is small and easy to follow for new/non-expert MF investors. And it gives a reasonable picture of what to expect from each fund. It has worked well for me for the past 7-8 years.
I'm attaching the CRISIL mutual fund ranking booklet for the December-2016 (the same can be downloaded from CRISIL website as well).

The idea is to not invest solely based on returns. The rankings take into account factors such as: Returns, Volatility, Industry concentration and Liquidity. And rankings are available for all types of funds: Large Cap-oriented Equity funds, Diversified Equity funds, Small and Mid-cap Equity funds, Thematic - Infrastructure funds, Equity Linked Savings Scheme (ELSS), Index funds, Balanced funds, Monthly Income Plans, Gilt Funds, Liquid funds etc. (basically all types of Equity and Debt funds).

Hope you (& others) find it useful.

CRISIL_Mutual_Fund_Ranking-Dec-2016.pdf