POSTED BY May 4, 2013 4:36 pm ONE COMMENTON
How would one represent in his portfolio managing tool the SIPs he made for x years, when he switch all the units to Direct plan?
Eg. if i have investment of 60,000 (1000 Rs sip for the past 5 years), and i have that in my moneycontrol portfolio tool. Assume that the curent value is 72000. If i am switching today to DP, i will make an buy entry for 72000. That means I will loose the gain/loss details of the past. And it will look like a fresh investment or?
I am bit worried of book keeping. But weighing in the (long term 15+ years) advantage of switching to DP, I will do it later this year to avoid STT.