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KnackChap

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3 hours ago, SuperT said:

Dad got the allotment. When will it show up on Kite? Anyone with IPO experience specifically Kite ?

 

After midnight or tomorrow morning after market opens. Can start trading after 10am and till that time the value shown will be 0 so don't worry. 

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On 12/8/2021 at 11:00 PM, LordSpymaster said:

Over 12+ months of investing in MFS, these are my returns. Should be useful for those on the fence on investing in them. Except Mirae, the others are lumpsums that I invest as SIPs ie I manually invest the amount each month instead of the auto debit.

 

  • Mirae: XIRR of 32.6% | Absolute of 14.2%
  • Parag Parikh Flexicap: 41.2 | 16.1
  • Axis Bluechip: 28.2 | 14.8

 

Woild recommend these if anyone is looking to enter MFs

 

 

Which fund of Mirae to subscribe? There are several

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15 hours ago, KnackChap said:

 

After midnight or tomorrow morning after market opens. Can start trading after 10am and till that time the value shown will be 0 so don't worry. 

Thanks! Not a bad debut considering the market. If only the market was more bullish this would have had an even better opening. 

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56 minutes ago, KunjanPSD said:

My dad needs to invest in Tax saving funds for the current financial year.

I don't have much experience with these but Mirae looks to be the best.

Any suggestions?

Yes Mirae is probably the best right now . Another fund you can consider Axis long term equity fund - has a CAGR of 17% since inception in 2009 . I personally invested it in 2018 and redeemed in mid 2021 with almost 20% CAGR .

 

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1 hour ago, KunjanPSD said:

My dad needs to invest in Tax saving funds for the current financial year.

I don't have much experience with these but Mirae looks to be the best.

Any suggestions?

 

I have personally invested in 6-7 of them (tax saving). Axis long term has been the best so far - followed by Invesco. Heard good things about Mirae but no personal experience.

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1 hour ago, KunjanPSD said:

My dad needs to invest in Tax saving funds for the current financial year.

I don't have much experience with these but Mirae looks to be the best.

Any suggestions?

 

Personally using Axis and IDFC. 

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5 minutes ago, KunjanPSD said:

@LordSpymaster Is there no lumpsum option for Mirae Bluechip?

I have been trying to set it up for my sister, no lumpsum option.

 

Even when I create an SIP, it doesn't cut the funds for the first installment instead it always sets up the first installment for 1st week of Jan.

No there isn't. The fund was getting too much investment, so the managers restricted it to a 2.5K SIP. I myself have 2 of these SIPs running for a total of 5K per month.

 

Are you using Coin to set it up? Not sure about that but in Kuvera when I try to set it up, I can take a date a few days ahead (like after a week) or if I set it up in the next few days then it jumps to the next month. If your date is fixed, then either select the next month if Dec isn't available or delay the SIP for a few days. Should work.

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18 minutes ago, LordSpymaster said:

No there isn't. The fund was getting too much investment, so the managers restricted it to a 2.5K SIP. I myself have 2 of these SIPs running for a total of 5K per month.

 

Are you using Coin to set it up? Not sure about that but in Kuvera when I try to set it up, I can take a date a few days ahead (like after a week) or if I set it up in the next few days then it jumps to the next month. If your date is fixed, then either select the next month if Dec isn't available or delay the SIP for a few days. Should work.

Yes, I am using Coin.

Yesterday, I chose 29th Dec as the start date and it gave me 3rd Jan as the first installment date.

Doesn't matter which date I choose, the same is the case.

I am assuming that Mirae must be staggering the investments.

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2 minutes ago, LordSpymaster said:

Strange, when I tried to add a new SIP now, I get dates 8th Jan onwards. If I want 1 to 7 then it goes to Feb.

Yeah.

I wanted to start it few days ago when market dipped, didn't get an option.

I guess that's how it gotta be then.

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