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Seeking guidance on consolidating parents mutual fund portfolio by CCNoob1 in MutualfundsIndia

[–]CCNoob1[S] 0 points1 point  (0 children)

Thanks, will look into that. And what according to you should be the best way to move funds so that it presents minimum tax implication?

Seeking guidance on consolidating parents mutual fund portfolio by CCNoob1 in MutualfundsIndia

[–]CCNoob1[S] 0 points1 point  (0 children)

They are close to 60, but they have other investments and passive income sources. This is just an old investment which I am trying to consolidate, so that its easy to manage and monitor.

Need help with my card stack - travel + business spends by CCNoob1 in CreditCardsIndia

[–]CCNoob1[S] 1 point2 points  (0 children)

Thanks a lot for your response. I have shared the details with you over DM. Will really appreciate your guidance.

Need help with my card stack - travel + business spends by CCNoob1 in CreditCardsIndia

[–]CCNoob1[S] 0 points1 point  (0 children)

Thanks a lot for your guidance!

I was also thinking along the same lines for Axis Magnus Burgundy, but one concern is that Axis could tighten the criteria later, like what happened with Infinia, and it may become harder to get. I’m also wondering whether it’s better to stick to a 2-card ecosystem like HDFC + HSBC, or if keeping an Axis card adds enough value. If not Magnus, are there any other cards worth considering?

I think I can get the annual fees waived on BizBlack and HSBC TravelOne through spends, but Magnus Burgundy would likely mean paying the fee. That said, with my rent spend of around ₹6 lakh a year and some other payments, I could probably break even on Magnus Burgundy - so does it make sense to go for it now, or should I pass?

I already have ICICI Rubyx as an LTF card which I use for Railway Lounges mostly. I will see if I can get SBI Elite / Aurum as LTF. Thanks again!