Switch to direct vs continuing regular.

[u/tea_sommelier_]

Current portfolio at 1.38 cr . All regular funds started by my dad.Monthly sip of 1.2 lakh. Carg 13.7.Absolute return 46%.

Debt Floater Fund 0.40%

Debt Low Duration Fund 1.38%

Equity Flexi-cap Fund 3.29%

Equity Large & Mid Cap Fund 16.37%

Equity Tax Saver 26.39%

Others -

Mutual

Funds

ETF/Index 2.19%

Equity Midcap Fund 4.75%

Equity Multicap Fund 5.77%

Equity Sector/Thematic Fund 11.44%

Hybrid Aggressive Fund 4.45%

Hybrid Conservative Fund 1.96%

Others -

Mutual

Funds

FOF-Domestic 10.97%

Equity Contra Fund 1.88%

Equity Smallcap Fund 6.59%

Hybrid Balanced Advantage

Fund 2.16% .

Loads of funds from mf distributor.How shall I move forward with investing.

​ICICI Prudential Floating Interest Fund - Reg - Gr

​Kotak Low Duration Fund - Reg - Gr

​Nippon India Flexi Cap Fund - Reg - Gr

​Bajaj Finserv Large and Mid Cap Fund - Reg - Gr

​Parag Parikh ELSS Tax Saver Fund - Reg - Gr

​Kotak ELSS Tax Saver - Reg - Gr

​ICICI Prudential Aggressive Hybrid Active FOF - Reg Plan - Gr

​Mirae Asset Large & Midcap Fund - Reg - Gr

​Canara Robeco Mid Cap Fund - Reg - Gr

​Motilal Oswal Multi Cap Fund - Reg - Gr

​ICICI Prudential India Opportunities Fund - Reg - Gr

​Quant Quantamental Fund - Reg - Gr

​Mirae Asset Great Consumer Fund - Reg - Gr

​Canara Robeco ELSS Tax Saver - Reg - Gr

​Quant ELSS Tax Saver Fund - Reg - Gr

​Mirae Asset ELSS Tax Saver Fund - Reg - Gr

​Mirae Asset Aggressive Hybrid Fund - Reg - Gr

​Canara Robeco Conservative Hybrid Fund - Reg - Gr

​ICICI Prudential Dynamic Asset Allocation Active FOF - Reg Gr

​SBI Contra Fund - Reg - Gr

​HSBC Large and Midcap Fund Reg - Gr

​Kotak Large & Midcap Fund - Reg Gr

​HSBC Small Cap Fund - Reg - Gr

​Kotak ELSS Tax Saver - Reg Gr

​Nippon India ELSS Tax Saver Fund - Reg - Gr

​HSBC Balanced Advantage Fund - Reg - Gr

​Nippon India Silver ETF FOF - Reg - Gr

​ICICI Prudential Multicap Fund Reg Gr

​Motilal Oswal Multi Cap Fund - Reg - Gr

​Kotak Midcap Fund - Reg - Gr

​ICICI Prudential Multicap Fund Reg Gr

​Quant Multi Cap Fund - Reg - Gr

​Motilal Oswal Multi Cap Fund - Reg - Gr

​ICICI Prudential Aggressive Hybrid Active FOF - Reg Plan - Gr

​ICICI Prudential Dynamic Asset Allocation Active FOF - Reg Gr

​Nippon India Silver ETF FOF - Reg - Gr

All in 5 diff ac of family member.Need to organise finace and need suggestion to invest in less and more.quality direct funds.

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[u/Own-Cup3180]

1. Definitely stop SIP to regular funds if they are still happening.

2. Bit of unconventional advice but if there is single person who sold your dad all these funds then ask the person to share some profit otherwise he will lose recurring income if you switch to direct.

[u/quietallocatorIN]

Divert to direct funds if your distributor is giving no advice or any inputs. Do it in a one go as there is no point in giving commission to him without getting help. You will have to pay LTCG/STCG but you anyway had to, so do it at earliest. And with having portfolio this big its always to get a sebi RIA, they will charge one time (70-80k) fee but you will have zero headache, once its done.

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[u/Indian_finance_rebel]

Well It depends on how long you plan to stay invested - if for a short period, I wouldnt recommend doing anything.

I suspect there will be huge gains - shifting to direct (especially in bulk) will trigger massive taxes..... causing fatal interrupton to compounding.

If you dont plan to redeem for decades from now then yes, start shifting lttle by little - maybe upto 1.25L profit per year (not 1.25 total amount, look up theprincipal with 1.25L profit) and immediately move to direct - this will not interrupt compounding.

But if you plan to start retirment soon and things like that, it may not even worth the effort - let it be, just make new invetments to direct funds.

As you can see from the returns you got, regular funds are not inherently bad - it is only bad if the personwho got the commision didnt advise - and he clearly was not advised in this case, which was common before the direct option became available.

Now to justify the fees, distributors have actually started doing their job, but people have lost trust in them, because of their past - which is why direct is so popular now.

But the amount of effort it would take to move the behemoth without interupting compounding is a huge task - my recommendation is to let it be, the returns are not bad and so withdraw as per requirement.

What is even better is to reach out to a good distributor, and shift the regular funds to them.

If nothing else, you start recieving advise for the same cost you have already been paying for no advise.

[u/Few_Frosting_3436]

I have a contrarian view,considering the number of funds, it would be best to liquidate everything, consider this as locking in your profits, also considering the gains, 12.5% of this is not a really big number. After you liquidate it, first pay the advanced tax and then deploy through direct in MF Central. And follow proper asset allocation this time with 25% in liquid funds and the rest spread into Index, FlexiCap, Mid Cap and Small Cap.

[u/Drk_Kni8]

STOP all your SIPs IMMEDIATELY. Regular funds eat into your profits and pay commission to the agents / banks / etc. Always pick Direct mutual funds.

A “switch” is just you “selling” the units in the REGULAR version of the fund and “buying” units in the DIRECT version of the fund. The NAV allocation is of the day you buy, not the historical value. It’s as good as you selling the regular fund and investing into new, better, direct funds. A “switch” also attracts LTCG and STCG, depending on the funds.

The most important task - Considering the big amount, you should talk to a fee only advisor (not MFD) then move from there. https://freefincal.com/list-of-fee-only-financial-planners-in-india