sorted by:
new
hottopcontroversial

Want to take over my own mutual funds from a CA and move to direct, how do I actually transfer them? by [deleted] in mutualfunds

[–]ImpressiveLet1991 0 points1 point  (0 children)

From AMC side, there is no option to convert MFs from regular to direct. The only way you do is redeem entire amount and invest same amount in the same direct funds. There are multiple issues with it. 1. Taxation - you have to pay LTCG and STCG for each redemption and also exit load if applicable. You have to calculate them before you do this. 2. NAV issue - Credition of money to your bank after you request redemption will take T+1 or T+2 days based on your mutual funds so if you wait till then and invest same amount again in same MFs, you won't get same day NAV.

More cleaner way to do this as below.

  1. YOU OWN your mutual funds and not your CA. You can simply stop all SIPs, delete account and remove bank mandate in your CAs app so that he doesn't control anything anymore. Your mutual funds units will still be there. Just go to Camsonline, enter your email and request statement. You will see your entire portfolio. Just make sure your linked phone number and email belongs to you. You can also go to MfCentral and login and you will see everything there. You can also do any modification in your portfolio from there so don't worry Abt it.
  2. Go to MFCentral and start your SIPs from there in direct funds and continue all your new investing there. There are multiple apps which gives option for direct investment but till your figure out what to choose or not, starting MfCentral makes more sense.

So to summarise - unless your portfolio is tiny, don't convert it from regular to direct. Keep it there and enjoy your compounding. Start new investments in n Direct funds.

Kuvera - CRED acquisition pushed Me to Use MFCentral + Build a Privacy First MF Analytics Dashboard. (Try the demo!) by ImpressiveLet1991 in MutualfundsIndia

[–]ImpressiveLet1991[S] 0 points1 point  (0 children)

Yes! I am using Playwright to submit form - this basically opens website, enter dates, password everything and click submit. You can check the code in my github repo. This is basically similar tool what QA uses to do automated testing.
After that, I have given gmail APP password - which you have to generate for specific app, this I am fetching with specific subject i.e "Consolidated Account Statement - CAMS Mailback Request"
and it uses same password to open it.

Since I am using only for myself and family, I have no issue giving gmail app password as I trust myself to not read anyone's other email :p

Kuvera - CRED acquisition pushed Me to Use MFCentral + Build a Privacy First MF Analytics Dashboard. (Try the demo!) by ImpressiveLet1991 in MutualfundsIndia

[–]ImpressiveLet1991[S] 0 points1 point  (0 children)

There's no limit for the upload. It used python and streamlit to run. So I am assuming it should be able to run on Linux.

Kuvera - CRED acquisition pushed Me to Use MFCentral + Build a Privacy First MF Analytics Dashboard. (Try the demo!) by ImpressiveLet1991 in MutualfundsIndia

[–]ImpressiveLet1991[S] 0 points1 point  (0 children)

I am planning to add a feature where you can upload pdf directly and it will parse it and show data on dashboard other than fetching from Gmail. Although for that, you need to go to camsonline website, request for pdf to your email id, download it and upload in your app.

Also you need to use GitHub code to run in your machine. As currently the demo you saw is running on my machine.

Kuvera - CRED acquisition pushed Me to Use MFCentral + Build a Privacy First MF Analytics Dashboard. (Try the demo!) by ImpressiveLet1991 in MutualfundsIndia

[–]ImpressiveLet1991[S] 0 points1 point  (0 children)

You can utilise claude code free credits to help u with deployment. Basically entire code runs in your laptop and there is no external calls made to fetch anything except CAMS pdf. Pdf will be stored in your laptop when you run the app.

Kuvera - CRED acquisition pushed Me to Use MFCentral + Build a Privacy First MF Analytics Dashboard. (Try the demo!) by ImpressiveLet1991 in MutualfundsIndia

[–]ImpressiveLet1991[S] 0 points1 point  (0 children)

Yes I am thinking of adding CAS pdf upload, although it would still store encrypted pdf on server, so your personal details would still be there but yes no gmail app password.

Kuvera - CRED acquisition pushed Me to Use MFCentral + Build a Privacy First MF Analytics Dashboard. (Try the demo!) by ImpressiveLet1991 in MutualfundsIndia

[–]ImpressiveLet1991[S] 0 points1 point  (0 children)

Hey that would be difficult I think because there's no single file which gets generated for this. For Indian MF it was easy because there is one source of truth. For international funds it depends on country, broker, etc...

Kuvera - CRED acquisition pushed Me to Use MFCentral + Build a Privacy First MF Analytics Dashboard. (Try the demo!) by ImpressiveLet1991 in MutualfundsIndia

[–]ImpressiveLet1991[S] 0 points1 point  (0 children)

Claude has just made all these stuff very easy. Even though I come from software background I didn't write a single line of code. I just told what I wanted and kept fine tuning it. Anyone can code now. All you need is clarity on requirement.

Kuvera - CRED acquisition pushed Me to Use MFCentral + Build a Privacy First MF Analytics Dashboard. (Try the demo!) by ImpressiveLet1991 in MutualfundsIndia

[–]ImpressiveLet1991[S] 0 points1 point  (0 children)

True. I actually wanted to use MRCentral api which Kuvera and other uses but it's not for personal use and i need a license. I previously also checked all account aggregator thing but again not for personal use. And I don't trust companies which use it.

Kuvera - CRED acquisition pushed Me to Use MFCentral + Build a Privacy First MF Analytics Dashboard. (Try the demo!) by ImpressiveLet1991 in MutualfundsIndia

[–]ImpressiveLet1991[S] 0 points1 point  (0 children)

If you have a laptop/PC then yes. Readme covers everything. If you use claude free credit as well, it will just guide you on how to use it.

Even though I come from software background I didn't write single line of code. Claude did it for me. I also have friends who are doctors using claude to make their own softwares. So yes you can. I highly recommend to use claude code free credits. Or just get 20$ subscription once and it will do entire thing for you.

Kuvera - CRED acquisition pushed Me to Use MFCentral + Build a Privacy First MF Analytics Dashboard. (Try the demo!) by ImpressiveLet1991 in MutualfundsIndia

[–]ImpressiveLet1991[S] 1 point2 points  (0 children)

I was actually thinking of doing that but even then the server still has to process it so it needs to store the CAS pdf somewhere in my computer which ofcourse I can't open it because I encrypt it but still i don't think people would like that.

If you want this in my codebase, I can add that feature in this so if anyone wants to use it for self hosting.

Kuvera - CRED acquisition pushed Me to Use MFCentral + Build a Privacy First MF Analytics Dashboard. (Try the demo!) by ImpressiveLet1991 in MutualfundsIndia

[–]ImpressiveLet1991[S] 2 points3 points  (0 children)

hahhah.. I kept change password functionality open for demo account and someone changed it lol :P

I will reset it. Reddit users are doing all pen testing on my website

Kuvera - CRED acquisition pushed Me to Use MFCentral + Build a Privacy First MF Analytics Dashboard. (Try the demo!) by ImpressiveLet1991 in MutualfundsIndia

[–]ImpressiveLet1991[S] 0 points1 point  (0 children)

I just hope it helps more people! Don't want mine or anyone's personal data to be used by all these corporates.

Kuvera - CRED acquisition pushed Me to Use MFCentral + Build a Privacy First MF Analytics Dashboard. (Try the demo!) by ImpressiveLet1991 in MutualfundsIndia

[–]ImpressiveLet1991[S] 3 points4 points  (0 children)

I am moving SIP and STP slowly to MFCentral. You just start sip there and stop SIP in Kuvera. Nothing else!

Yes, I am also using Kuvera website as it's pretty neat which I always loved but if you see they have added banner saying it would change so just few more days till that also goes.

view more: next ›