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Kirtan

Kirtan A Shah  | Answer  |Ask -

MF Expert, Financial Planner - Answered on Sep 22, 2023

Kirtan A Shah is a certified financial planner and managing director, private wealth, at Credence Family Office.
He is also a Certified International Wealth Manager and Financial Engineering and Risk Manager.
Shah is the co-author of Financial Service Management and Financial Market Operations, which are used as reference books for Mumbai University.
He is frequently seen on CNBC, Zee Business, ET NOW & BQ Prime as an expert guest.... more
Prashant Question by Prashant on Sep 12, 2023Hindi
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I have huge numbers of mutual funds in my portfolio and i want to consolidate the same. I am looking at STP. Wanted to know how should i calculate the cost of units in new fund considering the cost is lot less when i bought the older mutual funds. E.g. suppose i bought a mf at 10 and now the nav is 17 and i am stp to a fund where nav is 21. So what should be my cost of each unit at the base price?

Ans: Your software will calculate the same for the tax purpose, you dont need to do it
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Dear Sir, Thank you for your detailed analysis on the mutual fund portfolio and your support is highly appreciated. As per your suggestion I have attempted to move for a SIP top up plan but most of the mutual fund companies do not permit the top up for the existing mutual funds. Usually the SIP top up plan is available while registering a new SIP. Either you need to invest in lumpsum or start a new SIP in the same mutual fund folio. Can you please suggest on how to move forward in such a scenario for SIP top up plan for the existing mutual funds? Additionally, please let me know if I intent to invest in lumpsum or start a new SIP in the same mutual fund folio (say after 3 years with the planning of having a top up plan) would it have any impact on the existing NAV units?
Ans: Thank you for your kind words.

In your case, you're right that many mutual fund companies only allow the SIP top-up option during the initial registration. To move forward, you can:

Start a new SIP: You can begin a fresh SIP in the same fund with the top-up option for future investments. This will not impact your existing investments.

Invest lumpsum: You can always invest lumpsum in the same folio. It won’t affect the NAV of your existing units, as the new units will be purchased at the current NAV.

I recommend reaching out to your Mutual Fund Distributor (MFD) for personalized guidance. They can help set this up seamlessly and advise on any future changes.

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