Sunday 7 April 2019

Plan to move my existing funds to index

I have 6 funds in my portfolio and I have to bring them down to 5 funds, two index (nifty and Nifty Next Fifty), two ELSS funds(for rotation after 3 years) and one debt fund (Franklin India Ultra Short Bond ). I should move ICICI Pru Savings Direct -G to Franklin India Ultra Short Bond after 3 years May 29, 2018 -- May 29 , 2021.

I should also move Franklin India Dynamic PE Ratio FoF Direct-G to NSE 100 at 1 lakh a month. Aug 22, 2017 -- Aug 22, 2020.

Should I move my money from ELSS? I should invest about 41k for tax cut. I can move 1.23L and rotate for 3 years? I will sell Franklin Tax and invest in ICICI tax but rest of the money goes to NSE 100 and if after 3 years the MF is in loss I will continue, if not take out money and invest in nse 100. I have redeemed Franklin tax on 8th(MOnday) and received money on 11th (Thursday) and invested money as planned.

Just to know when will I receive my SPP money when I place sell order on MOnday. I have received SPP money in two days (Wednesday)

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