I started investing in mutual funds four years ago. My risk profile is aggressive and my goal is having a retirement corpus in 15 years. I’ve invested in Axis LT equity (₹1.25 lakh), ICICI Pru long term equity (₹40,000), Reliance Tax Saver (₹65,000), DSP Tax Saver (₹40,000), Mirae Asset India (₹60,000), Kotak Standard (₹35,000), and ₹25, 000 each in HDFC Midcap , Franklin Small Cap and Motilal Oswal Multicap. The total comes to around ₹5 lakh. These were regular funds that I have stopped and started investing in direct funds—Mirae Tax Saver (₹10,000), Kotak Standard (₹5,000), Motilal Oswal Multicap (₹35,000), Reliance Small Cap (₹3,000), L& T Emerging (₹5,000) and Invesco Contra (₹5,000). I am planning to convert regular funds into direct once the 1-year ELSS lock-in period is over. Since the amount I’ve invested in regular funds is around ₹5 lakh, what’s the best way to convert into direct?
—Balaji Koneti
