Jump to content

The Stock Market thread


KnackChap

Recommended Posts

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. 

Link to comment
Share on other sites

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 .

 

  • Like 1
Link to comment
Share on other sites

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.

  • Like 1
Link to comment
Share on other sites

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. 

  • Like 1
Link to comment
Share on other sites

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.

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

I checked my Dad's MF portfolio today and all his funds are Regular funds not Direct :wallbash:

What options does he have ? Stop the regular plan SIPs and then start Direct plan SIPs? Or is there any way to switch from Regular to Direct ?

Also, all his MF are in HDFC Sec again - :wallbash: I want him to shift to Kuvera so I guess the only option I have is to open an account in Kuvera and start fresh and also stop all his SIPs in HDFC Sec and withdraw it when the time is right ? Any suggestions ?

Link to comment
Share on other sites

3 minutes ago, SuperT said:

I checked my Dad's MF portfolio today and all his funds are Regular funds not Direct :wallbash:

What options does he have ? Stop the regular plan SIPs and then start Direct plan SIPs? Or is there any way to switch from Regular to Direct ?

Also, all his MF are in HDFC Sec again - :wallbash: I want him to shift to Kuvera so I guess the only option I have is to open an account in Kuvera and start fresh and also stop all his SIPs in HDFC Sec and withdraw it when the time is right ? Any suggestions ?

IMO yes. I too had some regular funds in HDFC sec from noob days and best option is to just stop all SIPs , sell them when it reaches LTCG. Parallely start investing in other platform of your choice. 

There is no option to "convert" to direct from regular without it being counted as sold + bought AFAIK

  • Thanks 1
Link to comment
Share on other sites

47 minutes ago, El Tigre Chino said:

Out of curiosity, why use Coin? Versus something like Kuvera or Groww where you directly hold the funds and the service acts as an intermediary

Just convenience.

My mom and sister can't manage these on their own. It was hard enough to make them learn how to navigate Zerodha.

Don't want to open yet another account and complicate things as I won't always be handling their accounts.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...