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HI, I have started investing in mutual funds 4 years back in regular funds. My risk profile is aggressive and goal is retirement planning in 15 years. I invested in Axis LT equity – 125000, icici pru long term equity – 40000, reliance tax saver – 65000, dsp tas saver – 40000, hdfc midcap- 25000, franklin small cap- 25000, Mirae asset India- 60000, kotak standard – 35000, Motilal Oswal Multicap 35 – 25000. The total amount comes aroun 5L. Now I stopped all the regular funds and started direct funds – mirae tax saver – 10K, kotak standard – 5K, Motilal Oswal Multicap 35 -5K, Reliance small cap -3K, L& T emerging- 5K, Invesco contra funds-5K. Apart from kotak standard, Motilal Oswal Multicap 35 remaining are new direct funds. Am planning to convert the regular funds to direct once the 1 year and ELSS lock completes. My question is since the amount I invested in regular funds is around 5L which is huge amount, whats the best way to convert to direct. Am planning to do the switch for Motilal Oswal Multicap 35 and Kotak Standard, reliance tax saver STP to Reliance small cap, Mirae asset India STP to mirae tax saver and SWP remaining funds. Is it good to start again in Axis Elss and switch instead of Kotak Standard since Axis ELSS amount is more -1.25 L and stop Kotak Standard since already have 6 funds as fund count increases. Please suggest best way to convert regular to direct funds in my case.
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