Insights

Three changes

November 4, 2013 . Srikanth Meenakshi

Recently, we have carried out three enhancements to the FundsIndia user experience. Two of them are in the form of new features, and one of them is a tweak to an existing feature.

changes_ahead All these changes are results of suggestions from our investors. So first, a formal hat-tip to all the folks who wrote in with their suggestions is in order.

A brief synopsis of each of these changes is below.

 Changing SIP details

At FundsIndia, we have always prided ourselves in our ability to provide very convenient and flexible SIP investment options. With a few changes, we have made it easier for our investors to manage their systematic investments:

  1.  Change scheme and amount for regular SIP – Now, an investor can simply login and change the scheme of their SIP or its monthly investment amount. The change to the amount needs to be within the range of the minimum allowed by the fund house for the scheme, and the maximum allowed by the ECS mandate for the date of the SIP.
  2. Change scheme for Flexi SIP – Changing of monthly investment amount was possible even previously in the case of Flexi SIP. Now, we have simply added an ability to change schemes as well.

Previously, whenever investors needed to change schemes of an SIP, they had to stop an SIP and start a new SIP. Now, they can simply change the scheme and keep going.

 Portfolio notes

This has been a long-standing request. Now, investors can attach short notes to their portfolios at FundsIndia – this will help them remember the goal of the portfolio or an expected return or anything else they want to use to annotate their portfolio with.

 Annualized returns

(Special thanks to @madmanweb on twitter for pushing for this)

Previously, we were showing annualized returns for an investment only if it had crossed a year of tenure. Now, we are showing it even if the investment is only one month old. However, we have put in place a caveat that says that such annualization numbers should not be construed as projections of what the returns are going to be. Investors will do well to remember that.

We hope our investors will find these improvements useful.

Happy Investing!

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24 thoughts on “Three changes

  1. With the recent changes in Annualized returns for investment > 1yr it says *N/A(bug?) and for ones which are < 1 yr it shows the proper IRR
    Why cant we simply say the column heading as IRR and show the IRR % and put a cavet saying this is the IRR your investments?

  2. Hi Srikanth,

    Just wanted to bring an issue to your notice. In the stocks section, the screen is not capturing the changes from splits/bonus issues correctly. For example, I bought 100 shares of X at Rs 50 and there was a bonus issue after that. Now, the screen is showing 200 shares as being bought at Rs 50 and their current value as 200 * Rs 25 and hence a loss is being shown. Thus, the returns are being mis-calculated. Please rectify the same. Also, it will be great if one can see a pie-chart on the home screen capturing all the different asset allocations !

    1. Hello sir,

      My equity team informs that this is an old issue that has been fixed. Are you seeing this actively in your account today? If yes, please send a quick mail to support@fundsindia with the name of your holding where this issue is arising, and we’ll look into it right away.

      thanks,

      Srikanth

  3. I have been trying to activate my account for the last 4-5 months. Unsuccessfully. I guess I will have to stick with my direct plans. But your VTP, oh the VTP.

    -T

  4. I HAVE A SIP IN ICICI FOCUSED BLUE CHIP FUND OF 1666/- & FRANKLIN INDIA BLUE CHIP FUND OF 1800/- & DSP BLACK ROCK TOP 100- 1600/- , HDFC TOP 200 – 1200/- (STOPPED THE SIP LAST MONTH). UTI OPPORTUNITIES, ICICI DYNAMIC FUND, UTI MASTERSHARE (LUM SUM AMT BUT DO ADDITIONAL PURCHASE)

    I AM THINKING TO PUT LUM SUM OF 6000 TO 7000 IN FMCG FUNDS I.E. SBI OR ICICI WHICH FUND IS GOOD & IN RETURS IN LONG RUN ALONG WITH THAT SOME TIME ADDITIONAL PURCHASE WILL ALSO BE DONE.

    WHAT ABT INTERNATIONAL US FUND I.E. ICICI US FUND OR FRANKLIN US FUND.

    1. Hello Sagar, FMCG funds are not in great flavour right now as the stock valuations are stretched. If you still wish to invest because you see long-term potential pl. seek our advice through the free ‘Ask Advisor’ feature if you have an activated account. Intl. funds can be used as a diversifier not exceeding 10% of your portfolio. For fund advie, pl. use our feature mentioned above. thanks.

    2. Dear Sagar,

      As Ms.Vidya correctly said, FMCG valuations are stretched too much. But if you still wish to invest in FMCG, consumption thematic fund “Mirae Asset India China Consumption Fund” is a better bet than SBI FMCG or ICICI FMCG.

      Happy Investing.

  5. i already submitted forms for opening the account, due to difference in the name of pan card and bank account same is not opened . i sent new pan card with new name, still acoount has not been opened.my number 8939260324

    1. Hello sir,

      That’s true. However, in such situations, it is best to heed the disclaimer – “† Annualized returns for investments that are less than a year old are extrapolated for 12 months and should not be construed as projected returns or actual performance”, and avoid interpreting the annualized returns.

      thanks,

      Srikanth

  6. Thanks, these are very useful changes.

    Is your team also working on a feature request where we can perform portfolio x ray analysis between our current portfolio and a new fund?

    This is very important tool to understand the correlation value between the portfolio (funds) and the new fund before the decision to buy the fund is taken.

    When can we expect to have this feature?

    1. Hello sir,

      You’re right, that would be an interesting feature. It is not something that we are actively working on presently, but we’ll definitely consider adding it to our list.

      thanks,

      Srikanth

  7. Hi, thanks for these new changes. Please consider to add the following also which would extremely helpful in gauging the portfolios held at FI.

    1. In the main summary screen after login it only shows the “Latest Value” and does not show the “Total invested value”.
    2. In addition to above, pls add the “Annual Return” in the same screen so that returns are known across all the portfolios.
    3. There is a weekly email sent how our portfolios performed along with Index returns, why cannot this be made part of the portal? If all our investment returns are shown along with index returns for different periods of time, it would be really really helpful.

    Thanks.

    1. I second the above changes mentioned by Sheetal.

      Having a quick “Total Invested Amount” along with existing “Latest Value” will be extremely helpful.

      (Sorry, I am not sure if this is the correct channel to propose changes, though.)

      Regards,
      Pradeep

  8. ‘ Annualized returns for investments that are less than a year old are extrapolated for 12 months and should not be construed as projected returns or actual performance.’. I am totally confused with the statement.Please help!.It is something like capitalization or compounding?

    1. hello Sir,
      It means if you had invested for 2 months and got 3%, then your annualised returns is 3%*12/2 which is 18%. 18% is not a projection or actual returns. It is simply annualising your 2 month returns. thanks Vidya

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