By direct savings in mutual funds, we mean the amount you have saved by investing in direct plans. Let us say you invested Rs 100,000 in SBI Bluechip fund. Say, this fund over last 3 years gave a return of 13.28%. However if you had invested in a Regular Plan, then the return would haven just 11.99%. So Rs 100,000 would have grown to Rs 145,360 in Direct plans vs Rs 140,460 in Regular plan. That is a difference of Rs 4,900 over 3 years. If you extend this to 20 years (assuming similar returns) then the maturity values would be Rs 1,21,07,790 vs 96,29,080 which is a whopping difference of Rs 247,870.
What are "Pending" alerts?
You will see an alert count and a Pending section that shows activities pending with you.
1. This could be investment orders that you placed with need to be paid for (i.e. transfer of funds).
2. Any action items or withdrawal orders awaiting your approval.
3. Switch orders awaiting your approval.
4. Email confirmation.
5. OTP confirmation
6. Contract notes awaited for stock orders
7. Compliance related items such as eSign agreement, fee payment, KYC document upload, Cancelled Cheque leaf upload.
How do I track my portfolio with Jama
The dashboard is one place where all your investments are shown with easy access to make additional investments or drill down into your individual investments. You can see your latest invested value, gain you are making to date. In case of funds, you get to see your savings (due to zero commissions, and by preferring debt funds over bank deposits).
How often is the dashboard updated?
The dashboard is updated every day to reflect the latest stock prices and mutual fund NAVs (fund value) in order to recalculate the returns you make. Should you see any issues in updating of the portfolio, please write to firstname.lastname@example.org
What do you mean by Smart Savings?
A savings bank deposit gives a return of around 4%. A fixed deposit may give slightly higher of say 7% but after taxes that could be 5%. For our calculation we will assume 4%. We compare this with a debt mutual fund that also gives the benefit of liquidity (withdraw whenever you wish) and safety (we choose funds that invest in reliable bonds with high credit rating). Let us say you invested Rs 10,000 in HDFC Regular Savings Fund which is a short term oriented fund. The 3 year return for this fund was 10.02% as of 10 Oct 2017. Your Rs 10,000 would have matured to Rs 13,108 in 3 years. A bank deposit would have matured to just Rs 10,991 after 3 years and getting taxed each year, a difference of Rs 2,117.
How do you calculate gain?
The gain is simply the difference between the amount invested and the latest value of your investments as per latest unit stock prices and fund values (NAVs). You also get to see the gains made since last week and since last month in the dashboard.
What is 'My Asset Mix'
On your dashboard you will see a simple doughnut graph (ring shaped). This shows the % of your investments in various instrument classes- these are Stocks, Funds and Other Assets. In the Portfolio screen, you can more doughnuts that show the distribution within each instrument classes between Equity and Debt asset classes. This graph is important as it shows if you are aligned with your risk profile or not. If your risk profile based recommendation is to hold 30% equity but if you are holding much higher, then you can take corrective action. Conversely if your recommended allocation is 60% debt but you are holding less than you may be exposed to risks.
What are the "In Process" alerts?
This shows your orders that are currently being processed. You may also see an expected allotment date if the date is available from the mutual fund. In case of stocks the order is assumed to be in process until the contract note or trade book is received.