I am planning to move out of Zerodha and plan to do it in a phased manner. I am invested in Direct Mutual Funds through coin in SIP manner. Now, I would want to redeem only those units which qualify for LTCG.
I have thoroughly checked Coin platform but there is no way to redeem only those units which qualify for LTCG.
@nithin / @faisr - Am I missing something here? Can you please help?
Thanks Nithin for the reply. I didn’t know that it redeems in FIFO by default.
No offence about moving out, have been in Zerodha since I started investment. Everything is good, but it’s not pocket friendly for F&O trading especially who are small retailers like me. I am doing Algo and the Kite Connect charges of Rs. 2,000/- per month along with Rs. 20/- per order has been heavy on me, provided that there are many alternatives now to trade free in Intraday without brokerage and without explicit charges for API it makes more sense for me to venture out.
I have written to your support team requesting for waiver, but got to know that there are no provisions as such.
Anyways, thanks for your swift reply and I wish you best luck. Keep up the good work.
Step 1: Open an account with Kuvera.
Step 2: Import your MF portfolio CAS on Kuvera. https://kuvera.in/import
Step 3. Using Kuvera’s TradeSmart feature, determine the units that quality for LTCG. https://kuvera.in/feature/trade-smart
Step 4: Log in to Coin and redeem that many units.
Step 5: Once units are redeemed, repeat Step 2 to update MF holding in Kuvera.
@nithin@faisr Can’t we add this feature in Coin as well? It’s quite helpful for rebalancing. We won’t have to be dependent on Kuvera then.
Filtering - say I just want to see my investments in ELSS - I should have the option to filter only ELSS funds invested in my dashboard.
Grouping - Instead of displaying the dashboard as a plain list of funds invested - you can give option to users to group them according to fund category / AMC / year of investment / capital gains etc. It gives great visibility to investor.
Displaying XIRR inline in the portfolio is important - why do I have to click each fund to see the XIRR? And I see that XIRR is 0 for all funds - I don’t think it is calculated correctly.
Great! Thank You! When we manage all mutual funds in coin, it makes sense to add tagging feature to coin.
Thanks for the feedback, will discuss with our team on the possibilities.
We are working on a solution to show this on a portfolio level.
Can you please raise a ticket here? We’ll have this checked.
We wanted to maintain all tags within Console since this is your back-office for analyzing the data on all securities(equity, ETFs,MF, etc). We’ll discuss this with the team and check if it’s feasible to show this within Coin as well.