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Hey everyone - thanks in advance for any advice!

Context:

  • This is in India.

  • My father has a pretty decent sized portfolio of equities of ~$600k (or ~ Rs. 4 CR for my Desi brothers and sisters).

  • This entire amount is invested in a large number of individual shares - no mutual funds or other financial products

  • There's no particular strategy - these are just holdings he's randomly built up over time, based on advice from friends, financial advisors etc

  • He's getting on a bit age-wise, and is constantly getting calls from "wealth managers" and "analysts" at his bank, peddling the next hot stock tip, or pushing trading strategies.

  • Needless to say I think this is a fairly risky situation that I would like to remedy.

My Plan:

  • My goal is to move this entire portfolio to a small-ish number of Index Funds / ETFs

  • In other words, I want to liquidate all the existing shares, and re-invest the proceeds into low-cost Index Funds / ETFs

Questions:

  • Is there any real strategy to this? Should I just sell everything on one day? Sell some set portion every day/week for X time until I've liquidated everything?

  • This is more for people familiar with investing in India: Are there any good low-cost Index Funds/ETF you recommend? Seems like the lowest cost Index funds I can find are from HDFC with a 0.15% Expense Ration, and ETFs from HDFC as well with 0.05% Expense Ratios.

Cheers!



Submitted May 12, 2018 at 11:29AM by TragicSans https://ift.tt/2rC8kdW

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