Multi-cap schemes that have changed to flexi-cap

[rupeshmandal]

@Bhuvan, I have a request:

Whenever such changes are made by an AMC, they always give an option to the investors to make an exit within a stipulated time frame without any exit load (capital gains/ loss apply, if any). This acts as an opportunity for some.

E.g. in above case, PPFAS Long Term Equity Fund had 2% exit load if redeemed before 1 year and 1% exit load if redeemed before 5 years. But one can redeem without paying exit load because of the changes in structure of fund. That’s an opportunity for someone wanting to quit.

Hence, if such incidents are being notified by Coin, it would be really helpful. Sort of how Nudge feature of Kite works. Because once the addendums are published on the website, they get lost, and people forget to act.

I remember you had mentioned you are working on a periodic newsletter to talk about important things. You may add this feature to it?

Monthly Mutual Fund Industry Reports

Not a priority and in our experience hardly 1 or 2 users have asked for it. We don’t want to write send alerts about MF industry news etc because mostly it’s noise and 100 people are writing about it, there is very little value we can add. But we are working on a period newsletter to talk about important things that actually make a difference to investors. Fund manager changes, scheme attribute changes etc do make sense, will look into it.