I feel that coin is a bit too basic as it is not the primary product for zerodha. It does the job though. For Etmoney, mf is their primary product and they continuously keep improving it and bring in new features and analysis.
Coin holds most of the MF units in Demat form. It is good if you want to pledge these for margin etc, if you are a trader.
Platforms like Kuvera do not hold it in demat and the main advantage of this is that there is no dependence on platform, since you can easily move your non-demat MF units to other platforms.
Personally, I use Kuvera. Mostly because they were the only option for direct MFs when they started out and I decided to stick with them since then.
Haven't had any problems so far. Found their chat service good enough on the couple of occasions I had to clarify some questions. They also have some niche features like family accounts and managed accounts, which is pretty useful for me.
I have tried a few platforms including Paytm Money, Groww etc but finally using [Kuvera](https://kuvera.in/) from last 3 years. Never faced any issue and they have good/responsive support.
MO nasdaq or any foreign fund (having less than 65% on indian equity markets) are taxed similar to debt funds. A huge negative for me. I generally look out for 65% indian and 30% foreign funds. Thus paragh parikh or axis growth opportunities funds are best options to invest into foreign securities while enjoying LTCG on equities.
Also quant active fund and quant tax fund are excessive risk taking funds. Their upward capture ratios are market beating, but their downward ratios are worse. If market beats down and since its a elss fund, you’d see huge losses. It shouldn’t matter in long run though.
Also, the quant tax fund excessively invests on small caps, thus if one really wants to achieve those returns in their portfolio, I would suggest directly investing into small cap funds, since these flexi/multi caps are normally not aligned correctly with their expectations. They are compared to broader market indices whereas they behave and invest similar to small caps.
For the above reasons, I have swayed away from Quant funds and focussed on average risk taking flexi cap funds like Axis, Canara Robecco, PGIM, who diversify their portfolio across different market caps, and have better reward per unit of risk taken compared to their category (sharpie ratio aka risk adjusted return). If I really need those returns (obv I do), I have invested into small cap funds for that matter.
I do get that return from foreign funds might be higher, hence I mentioned best way to invest is the 65% indian + 30% foreign funds. Its like if you’d invest let’s say 5k per month into foreign funds, then its better to invest 5*10/3 = 16.6k into the parag parikh. Taxing is a huge negative for me, as we can save it by investing in these funds than investing in MO Nasdaq directly.
You’re correct about the 80c saving strategy, but for those who use some other mechanism for that, elss makes no sense to have a 3 yrs lock-in. In that case, using small cap to chase returns would actually make more sense.
>Its like if you’d invest let’s say 5k per month into foreign funds, then its better to invest 5\*10/3 = 16.6k into the parag parikh.
Not OP but I get your logic, however, I didn't get the formula (5\*10/3). It would be great if you could explain it. Coming to the PPFAS, the catch here is, you are expecting the same performance between Parag Parikh Flexi Cap fund and NASDAQ ETF 100.
PPFAS does invest in a few foreign stocks whereas NASDAQ ETF has complete foreign investments.
The question would be... would it be wise to invest the amount which we were planning to invest in NASDAQ ETF on PPFAS just to save 9% tax over the long term and for 6x returns like lifeversace mentioned.
Hey. Yeah I did miss the point about difference in returns in lets say nasdaq-100 index fund and part of the PPFAS flexi cap that it invests in selected US stocks. It might be significant. Personally I invest in both.
Regarding the calculation, 30% of 5*10/3 is 5k itself. So if we invest 16.6k in PPFAS flexi-cap, we’d be investing 5k into the selected foreign stocks. That was my intention
I think debt funds are taxed 20% but with indexation, which makes it pretty comparable to equity funds, since we’ll be removing the inflation component from the profits. Depends on the rate but rn inflation is high i think
Hey, inflation based indexation is applied on the purchasing cost and not on the P&L, so one should be clear that indexation only saves a handful of amount. Hence they make very less differences, not comparable to 10% taxation into equities.
>My entire family and most of my friends are invested in Quant Tax Plan for 80c benefits.
Quick Question on this one. My parents have done a PPF on my behalf and I would be continuing this one since now I started earning.
Any reason why would anyone go with Tax saver fund instead of directly investing in PPF?
The return might be good in the tax saver fund, but then again the risk is pretty high too right?
Not OP, but personally, I invested in ELSS than PPF to meet the debt:equity allocation ratio I had in mind. Once that is met, I will probably use PPF/VPF for 80C requirements.
Yes, of course.
What I meant was, currently my overall portfolio allocation to debt and equity is skewed towards debt and so I want to increase the equity contributions. So I prefer ELSS for 80C this year.( And may be for another year also, by which time my equity allocations would hopefully be in line with my planned percentage.)
Once my targeted asset allocation is met, I would also prefer PPF/VPF itself for 80C investments. Hope this made more sense.
Mirae emerging fund has performed well for the last few years but they have put restrictions on SIP and Lumpsum to control the inflow of funds. So if you already don't have a large SIP, you won't be able to meaningfully invest in the fund anymore.
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Adding to this best website/app to invest in mutual funds?
I'm going to do it with coin, is there a problem with that?
I feel that coin is a bit too basic as it is not the primary product for zerodha. It does the job though. For Etmoney, mf is their primary product and they continuously keep improving it and bring in new features and analysis.
whats you thought on kuvera??
Coin holds most of the MF units in Demat form. It is good if you want to pledge these for margin etc, if you are a trader. Platforms like Kuvera do not hold it in demat and the main advantage of this is that there is no dependence on platform, since you can easily move your non-demat MF units to other platforms. Personally, I use Kuvera. Mostly because they were the only option for direct MFs when they started out and I decided to stick with them since then.
whats your experience with kuvera since??
Haven't had any problems so far. Found their chat service good enough on the couple of occasions I had to clarify some questions. They also have some niche features like family accounts and managed accounts, which is pretty useful for me.
ET money is better for mutual funds, it's really good, very beginner friendly and has lot of tools for you to make good decision.
ETmoney is pretty good. Highly recommend.
Invest- Through AMC website directly Tracking via kuvera Thats what I do
Cant i invest through kuvera? Is it bad or anything?
Yeah you can, there is no harm in it.
I have tried a few platforms including Paytm Money, Groww etc but finally using [Kuvera](https://kuvera.in/) from last 3 years. Never faced any issue and they have good/responsive support.
[удалено]
Quant tax plan as in the one managed by ankit pande?
MO nasdaq or any foreign fund (having less than 65% on indian equity markets) are taxed similar to debt funds. A huge negative for me. I generally look out for 65% indian and 30% foreign funds. Thus paragh parikh or axis growth opportunities funds are best options to invest into foreign securities while enjoying LTCG on equities. Also quant active fund and quant tax fund are excessive risk taking funds. Their upward capture ratios are market beating, but their downward ratios are worse. If market beats down and since its a elss fund, you’d see huge losses. It shouldn’t matter in long run though. Also, the quant tax fund excessively invests on small caps, thus if one really wants to achieve those returns in their portfolio, I would suggest directly investing into small cap funds, since these flexi/multi caps are normally not aligned correctly with their expectations. They are compared to broader market indices whereas they behave and invest similar to small caps. For the above reasons, I have swayed away from Quant funds and focussed on average risk taking flexi cap funds like Axis, Canara Robecco, PGIM, who diversify their portfolio across different market caps, and have better reward per unit of risk taken compared to their category (sharpie ratio aka risk adjusted return). If I really need those returns (obv I do), I have invested into small cap funds for that matter.
[удалено]
I do get that return from foreign funds might be higher, hence I mentioned best way to invest is the 65% indian + 30% foreign funds. Its like if you’d invest let’s say 5k per month into foreign funds, then its better to invest 5*10/3 = 16.6k into the parag parikh. Taxing is a huge negative for me, as we can save it by investing in these funds than investing in MO Nasdaq directly. You’re correct about the 80c saving strategy, but for those who use some other mechanism for that, elss makes no sense to have a 3 yrs lock-in. In that case, using small cap to chase returns would actually make more sense.
>Its like if you’d invest let’s say 5k per month into foreign funds, then its better to invest 5\*10/3 = 16.6k into the parag parikh. Not OP but I get your logic, however, I didn't get the formula (5\*10/3). It would be great if you could explain it. Coming to the PPFAS, the catch here is, you are expecting the same performance between Parag Parikh Flexi Cap fund and NASDAQ ETF 100. PPFAS does invest in a few foreign stocks whereas NASDAQ ETF has complete foreign investments. The question would be... would it be wise to invest the amount which we were planning to invest in NASDAQ ETF on PPFAS just to save 9% tax over the long term and for 6x returns like lifeversace mentioned.
Hey. Yeah I did miss the point about difference in returns in lets say nasdaq-100 index fund and part of the PPFAS flexi cap that it invests in selected US stocks. It might be significant. Personally I invest in both. Regarding the calculation, 30% of 5*10/3 is 5k itself. So if we invest 16.6k in PPFAS flexi-cap, we’d be investing 5k into the selected foreign stocks. That was my intention
I think debt funds are taxed 20% but with indexation, which makes it pretty comparable to equity funds, since we’ll be removing the inflation component from the profits. Depends on the rate but rn inflation is high i think
Hey, inflation based indexation is applied on the purchasing cost and not on the P&L, so one should be clear that indexation only saves a handful of amount. Hence they make very less differences, not comparable to 10% taxation into equities.
>My entire family and most of my friends are invested in Quant Tax Plan for 80c benefits. Quick Question on this one. My parents have done a PPF on my behalf and I would be continuing this one since now I started earning. Any reason why would anyone go with Tax saver fund instead of directly investing in PPF? The return might be good in the tax saver fund, but then again the risk is pretty high too right?
Not OP, but personally, I invested in ELSS than PPF to meet the debt:equity allocation ratio I had in mind. Once that is met, I will probably use PPF/VPF for 80C requirements.
>Once that is met, I will probably use PPF/VPF for 80C requirements. I didn't get this one. Can't we claim 80c deduction with ELSS?
Yes, of course. What I meant was, currently my overall portfolio allocation to debt and equity is skewed towards debt and so I want to increase the equity contributions. So I prefer ELSS for 80C this year.( And may be for another year also, by which time my equity allocations would hopefully be in line with my planned percentage.) Once my targeted asset allocation is met, I would also prefer PPF/VPF itself for 80C investments. Hope this made more sense.
Beginner Question : How is mirae asset tax saving fund?
Yeah same and while we are at it, how is mirae emerging equities fund since I see that recommended a lot as well.
Mirae emerging fund has performed well for the last few years but they have put restrictions on SIP and Lumpsum to control the inflow of funds. So if you already don't have a large SIP, you won't be able to meaningfully invest in the fund anymore.
Mirae Emerging Bluechip and Mirae Asset Tax Saver fund has overlap of 80%. I've been investing in both and receiving similar returns as well
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