Hello Experts!
I had initially started investing in 2008 with CAMS directly by filling forms. Then my Bank started online portal which made me easier to transact through Net Banking.
I am trying to trim my MF portfolio. I have DSP Equity (offline) through CAMS and DSP Top 100 (online) with different folio numbers respectively.
The only logical way i thought would be to redeem DSP Equity from CAMS and then purchase the same amount in DSP Top 100 in the existing online folio number. By this way, I will consolidate in only one fund with only one folio number ie DSP Top 100.
However, the lady at DSP toll free number whom I called, says that is not the correct way. Since you purchased in 2008 when NAV was less, you will get less units when you purchase again and it is a disadvantage.
I am so dumb, I do not understand beyond my logic. For me it is simple of getting X from one fund and transferring the same X amount to Y fund. Can somebody advice me the correct way please.
I have few more funds to go the same route before I can say I got a good portfolio with only 5 funds.
Thanks
Vikas