Welcome to Wise Advisor FAQ
What is model portfolio?
Model portfolio consists of set of stocks in a specific proportion as recommended by AxisDirect Research team. There are 3 model portfolios created which are suitable to three risk profiles namely Conservative, Balanced and Aggressive. You can opt to invest in the model portfolio suiting your risk profile.
What is risk profile? How can I determine my risk profile?
Your risk profile helps you understand how much risk you should take to achieve your financial goals. It can be determined by answering 6 simple questions by clicking here .
How can I invest in Model Portfolio?
All three model portfolios are present in smallcase section as individual smallcases wherein you just need to mention the amount that you wish to invest and next steps can be done within just 3 clicks. You will not need to place multiple orders. You can also Click on the below links to proceed for investment
Why should I invest in model portfolio through smallcase?
You should invest in model Portfolio through smallcase as
- You can invest in all stocks in one click
- By investing through smallcase, minimum brokerage condition will be waived off on trades in individual stock which are constituents of model portfolios.
- You can easily track performance of the model portfolio investment
What are the charges for using model portfolio product?
As an introductory offer, you do not have to pay any additional charges for investing in Model Portfolio apart from the regular charges (brokerage, GST, STT, stamp duty, SEBI fees and Exchange transaction charges) that you pay on your equity trades and minimum brokerage condition is also waived off for your trades done through smallcase.
I have already invested in few stocks which are recommended under model portfolio that suits my risk profile. What should I do?
You can invest in selected stocks in the model portfolio through smallcase by using ‘Customize’ option which is available under ‘Stocks and weights’ tab of model portfolio snapshot. You can simply click on cross button on the right side of the stock card to remove the unwanted stocks before placing your buy order for the model portfolio.
What is smallcase?
smallcases are a new way to invest in stocks. A smallcase is an intelligently weighted basket of upto 20 stocks that reflects a theme, idea or strategy.
smallcases are centered around:
- A trending market theme like rising rural demand or
- A financial model like zero debt or
- Different risk profiles viz. aggressive, balanced and conservative
You can choose a smallcase based on a theme that you are positive on, invest in it in 3 clicks and track & manage multiple portfolios seamlessly.
smallcases aren't a means of recommending or advising investors. Choosing a smallcase is up to each individual.
Why should I invest in smallcases?
By investing in smallcase,
- You are investing in well researched stocks
- Your portfolio is diversified as you are investing a basket of stocks rather than an individual stock
- You get guidance from our experts for rebalancing your portfolio (i.e. replacing few stocks by others) during the tenure of investment and our experts will also ask you to exit when the expected returns are achieved
- You can invest in whole basket at a click of button
- You can track performance of all smallcases at basket level as well as stock level
- You are regularly updated with news and movements of the stocks you invested in through smallcase
I am new to the world of investments; can I start with smallcases?
Smallcases are the simplest way to invest in stocks. Through smallcase, you can invest in relatable themes that are easy to understand. Each smallcase comes with a set of quality stocks (backed by strong research) that reflect a theme or idea, so you can directly invest into them in 3 clicks.
Further, since smallcases are diversified portfolios, there's minimal stock specific risk. Through smallcases, you can take the first step and invest into ideas that you believe in.
How are smallcases different from mutual funds?
Unlike mutual funds, smallcases provide you exposure to trending market themes (GST, Rising rural demand), models (zero debt, dividend stars) or investing styles (suitable to your profile)
Also, smallcases are liquid, inexpensive & are centered around relatable themes, so you know what you're putting your money in.
There are no lock-in periods or hidden costs - thereby giving you full flexibility and transparency over your investments.
How many smallcases are currently available for investment?
Currently 9 model based smallcases, 3 profile based and 8 theme based smallcases are available for investment.
From which platforms can I invest in smallcases?
Currently you can invest in smallcases only from AxisDirect Portal at below path:-
Wise advisor > Equity smallcase
On other platforms like Mobile Application and DIRECTTrade and other channel like Call & Trade this feature is currently not available.
What is the minimum amount to buy a smallcase?
Based on the prices of each stock in a smallcase, and their prescribed weights, a minimum investment amount is calculated that allows you to buy all stocks at the closest weights.
You can also increase the amount you want to invest in that smallcase by entering a greater number, and confirming to get the closest amount that gives you the right weighting scheme.
The minimum amount for each smallcase is different & changes in real-time - you can see the current minimum investment amount on the individual smallcase page as well 'Discover' page where all the smallcases are listed.
You can also filter smallcases by their Minimum 电竞娱乐平台 Amount on the Discover page.
Are the returns guaranteed for smallcases?
No, with smallcases - you're essentially buying stocks which are exposed to market risks. Investing in market instruments involves risks and investments may lose value
Also, the returns shown for smallcases are the historical returns. smallcases don't have any projected returns shown. Past performance does not guarantee future returns
All information present on the platform is to help investors in their decision making process and should not be considered as a recommendation or solicitation of an investment or investment strategy. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investors should understand that their investment decisions are based on personal investment needs and risk tolerance, and performance information available on the platform is one among many other things that should be considered while making an investment decision
What does Index value of a smallcase indicate? How often are index values updated?
The index value of a smallcase indicates the absolute price returns of that particular smallcase from the date of its inception. The index value is set to 100 on the inception date of the smallcase.
The current index value shows by how much it has gone up since then. For example, the index value 158.11 indicates that the smallcase has given a total return of 58.11% since inception. You can also view the daily increase or decrease in the index value.
For the smallcases in the Discover section (the ones you haven't bought), the index values are updated on an hourly basis
To maintain accuracy, the index values of the smallcases in your investments (the ones you have bought), are updated on a real time basis
Do I have to pay any charges for investing in smallcase? How much brokerage will be charged on the trades done through smallcase?
As an introductory offer, you do not have to pay any additional charges for investing in smallcases apart from the regular charges (brokerage, GST, STT, stamp duty, SEBI fees and Exchange transaction charges) that you pay on your equity trades and minimum brokerage condition is also waived off for your trades done through smallcase.
Can I buy smallcase stocks separately on the AxisDirect interface?
Sure, you can buy the individual stocks on the AxisDirect interface.
Other than the time taken to punch in 15-20 individual orders to buy it, you will not be able to track & manage your smallcase like a portfolio. For example, if you have to rebalance the weighting scheme of your smallcase, you will have to calculate what's the allocation required and buy/sell some stocks individually through the AxisDirect interface.
Also, each smallcase is reviewed every quarter and a rebalance update is sent out based on the changes that are made. You miss out on that if you buy smallcase stocks elsewhere.
What returns can I expect by investing in smallcase?
With smallcases, you're investing in a basket of stocks, so there are no guaranteed returns. All returns shown on the platform are the past returns and there are no projections made on what returns you can expect. The returns for any smallcase would depend on how the underlying theme/idea plays out.
For how long should I hold a smallcase?
There are no lock-in periods for smallcases, so you may sell your investments at any time. However, smallcases work best when used for long-term investing. There are no recommendations provided on when to buy or sell a particular smallcase. It's upto each investor to decide which theme will work and when to buy or sell
For smallcases, the stock selection for a theme is a result of well documented research processes and it's ensured that the selected stocks aptly represent the particular theme. Sometimes markets over/under-react to events in the short term which should auto-correct with time. You might make more profit by selling before an event or after.
You would be notified when the theme of a smallcase you hold has completely played out or factors driving a particular idea/model have changed
Can I create my own smallcase and invest in it? How easily can this be done?
In 3 steps, you can create your smallcase and invest in it immediately
Select your stocks & organize them by segments
A smallcase is a weighted list of upto 20 stocks Get started with adding a stock, and use the Stocks Suggestions\ to see more stocks in the same sector Once you have added all your required stocks, use ‘segments’ to organize and categorize them as shown
Assign a weighting scheme for these stocks, or weight them individually
You can pick between an Equi-weighted or Market Cap-weighted scheme to weight your smallcase (more on weighting a portfolio here)
Else, you can assign individual weights to your stocks or even choose the number of shares for each stock
While assigning weights, you can see the final weights/shares for that stock along with the minimum investment amount for this smallcaseThis minimum amount ensures you’re buying the stocks with the weights you have allocated
See the past performance of your created smallcase & buy it instantly
After adding stocks and assigning weights – click on the Performance tab at the right to view how the smallcase would have performed in the last 1 year with respect to the general market (Nifty)
Once you are happy with the stocks, weights – you can add details for your smallcase – image, name, overview and buy it immediately Or you can also save your smallcase for later, track it on your Drafts page and buy it whenever you feel like.
With this feature, it’s now easy to create, buy, track & manage multiple portfolios for different use-cases you may have. For example child's education, Europe trip, my retirement etc.
- You can only add NSE stocks to create/customize your smallcase
- Your smallcase will be private and will be visible only to you
- You can also Customize from the existing line-up of 20+ smallcases - change weights, add/remove stocks or shares from the prescribed constituents.
- Select your stocks & organize them by segments
Is intraday trading available on smallcase?
As a concept, smallcase is most effective when used as a longterm investment platform. You can buy and sell smallcases on the same day. Brokerage and other charges would be as per the intraday charges applicable to your brokerage plan.
Will the stocks purchased through smallcase reflect in my Demat account?
Yes, the stocks purchased through smallcase will reflect in your Demat account on 2nd trading day after the purchase date similar to the stocks purchased from AxisDirect ‘Trading’ section on AxisDirect portal or from Mobile Application.
Will the stocks purchased through smallcase reflect in my Portfolio?
Yes the transaction done to purchase as well as Exit smallcase will reflect in your Portfolio on the next day of trading.
Will my Capital Gain/Loss statement under AxisDirect Portfolio section include the transactions done through smallcase?
Yes your Capital Gain/Loss statement under AxisDirect Portfolio section will include the transaction done to purchase as well as Exit smallcase from next day of trading
How is Profit and loss computed under smallcase?
Under smallcase 电竞娱乐平台 tab, Profit/loss arising out of buy and sell trades done in smallcase would be computed by averaging method. For e.g. If you buy a stock @Rs 100 Quantity 5 as suggested in smallcase, later to invest more, you buy more 5 shares @Rs 110 and few months later you partially exit by selling 5 shares @ 120, you profit will be computed by considering buy price as average of 100 and 110 = 105. Thus your profit will reflect as 5* (120- 105) = Rs 75.
Average buy and sell prices under this tab will not be considering the brokerage and other statutory charges paid by you for the trades done through smallcase.
However under AxisDirect Portfolio section, in Profit and Loss statement and well as Capital Gain/Loss statement, where your overall profit and loss will be computed, brokerage and other statutory charges paid by you for the trades done through smallcasewill be considered.
Please note, objective of 电竞娱乐平台 s tab under smallcase feature is just to reflect the Performance of the smallcase and should not be considered for reporting Capital Gains/loss.
Does smallcase average cost under smallcase > investments section consider Brokerage that I am paying on all the trades?
No, average purchase cost which reflects under smallcase > investments section does not include the brokerage. Hence the total as well as individual smallcase wise returns reflecting under smallcase tab will be excluding the brokerage and other statutory charges born by you. For exact profit and loss details, you should refer to Profit and Loss statement and Capital gain/loss statement under AxisDirect Portfolio tab.
What is rebalancing?
Rebalancing is the process of periodically reviewing and updating the constituents of a smallcase. You can see the next expected update date on the smallcase page under the Stocks & Weights tab
This is done to ensure the stocks & weights in the smallcase continue to reflect the underlying theme and model
When a smallcase you hold has been rebalanced, you receive a Rebalance Update notification for the same via e-mail
You can now see the changes made by the update, make changes if you wish to and then apply them.
Are rebalance updates applied automatically?
Rebalance updates are not applied automatically. You would be notified via email when a smallcase you have invested in has a rebalance update available. You can review the changes and apply the update in 2 clicks.
How do I apply a rebalance update?
Rebalance Updates are to be applied manually after reviewing them. When a smallcase you hold is rebalanced, you would receive on email notification and the rebalance update would also be visible under 'Pending Actions' on your dashboard
Clicking on the update opens up the rebalance window. Here, you can view the stocks that are being added, stocks that are being removed and stocks that remain unchanged.
You can also edit the rebalance update and make changes to it if you wish to. (Not recommended for beginners) or skip the rebalance update altogether.
Customizing or skipping a rebalance update may cause your smallcase to no longer match the theme, thereby affecting the returns as well.
What happens if I do not rebalance my smallcase?
When you receive a rebalancing update for a smallcase, you can choose to apply the update or ignore it
The update is issued to make changes to your smallcase to ensure that the stocks are in accordance with the theme. If you choose to ignore it, the current stocks and weights will be retained
However, please note that some of the stocks in the smallcase may no longer follow the intended theme if you ignore the rebalance update
Will my created/customized smallcases get rebalance updates?
Created and customized smallcases would not receive rebalance updates.
The smallcases created by the research team are rebalanced in order to keep up with the theme they’re intended to follow
So, if you create your own smallcase by picking stocks and assigning weights to them or customize your smallcase by altering the stocks & weights prior to investing in it, you will have to monitor your smallcase and rebalance it from time to time.
What is a watchlist of smallcases?
From 20 smallcases available to invest, you can shortlist the ones which you find interesting and rather than searching for these in the list of 20, you can simply click on ‘Add to watchlist’ under the respective smallcase. After this, you can directly visit Watchlist tab to view only your shortlisted smallcases directly. You will also be able to view updates and news related to your Watchlist in dashboard on smallcase section.
Why are all the orders of market and IOC type?
As smallcase is a portfolio of stocks and the whole portfolio has to be purchased in one go, the orders are set to be market orders. As all the stocks which are constituents of smallcase are liquid stocks, the market orders will definitely get traded in NSE.
Adding IOC (immediate or cancelled) tag to them is just to further ensure that in case a market order doesn’t get traded, it doesn’t become a limit order; it rather gets cancelled if it doesn’t get traded immediately. Thus within few seconds of placing a buy order for the whole smallcase, all the orders are either traded or cancelled and for all cancelled orders, you can immediately place a repair order. (It will be a very rare scenario)
Do I need to hold funds before placing smallcase buy orders?
No you do not need to place ‘hold fund’ request before purchasing smallcase. When you place your buy order for smallcase, required funds will be automatically held from your bank account linked to AxisDirect account.
Do I need to hold shares before placing smallcase Exit orders?
No you do not need to place ‘hold share’ request before exiting smallcase. When you place your sell order for smallcase, required shares will be automatically held from your Demat account linked to AxisDirect account.
What is ‘Exit smallcase’?
When the required returns are achieved for a smallcase, you will receive an email to sell all the shares purchased as a part of smallcase. This activity is called as ‘exiting’ the smallcase.
Which Smallcase requires the minimum amount of all for investment?
Under Discover tab > all smallcases, the smallcases are listed by default in the decreasing order of 1 Year returns generated. You can change the sort criterion to min amount – low to high to view the smallcases in the increasing order of the minimum investment amount required.
Which smallcase has generated the best return in the last year?
Under Discover tab > all smallcases, the smallcases are listed by default in the decreasing order of 1 Year returns generated. Hence you will be able to see the top performer along with the return value at top in the list.
What is “MF Wise Advisor”?
MF Wise Advisor is a robust & friendly advisor which will assist you in building your MF investment portfolio as per your financial goals, risk appetite and time horizon - instantly, anytime, and anywhere.
What are benefits of MF Wise Advisor?
MF Wise Advisor can help you to achieve your financial goals systematically. You can also deploy your idle funds and cut down your taxes by investing in tax saving Mutual Fund schemes through MF Wise Advisor.
Why invest through MF Wise Advisor?
MF Wise Advisor combines the expertise of Mutual Funds Research with the power of technology.
How MF Wise Advisor will work for you?
It gets to know you first: MF Wise Advisor makes sure that it understands your investment needs before creating a portfolio as per your needs. It takes into account your age, investment time-frame and investment goals. It also gets to know your risk appetite through a set of simple questions before designing a portfolio tailor-made for you.
It’s powerful and consistent: MF Wise Advisor runs on robust algorithms that ensure that it picks the right funds for your investment needs. It assigns your portfolio as per risk level based on your inputs, and accordingly divides your investments into various fund categories, picking the right funds under each category.
It’s flexible: If you don’t like a particular SIP scheme which MF Wise Advisor has picked for your wealth building goal, MF Wise Advisor will be more than happy to allow you to change it. You can go through different schemes in a particular category to arrive at a scheme that’s more suitable to you. So, while the category allocation remains the same, the funds you invest in can be changed.
It stays with you till the end: MF Wise Advisor keeps an eye on your goal-based investment portfolios throughout your investment journey. It automatically tracks and reviews their progress towards various goals. And if a portfolio veers off-track, MF Wise Advisor will suggest click-easy changes to make sure you get back on track to your target.
What do I need to do if I want to invest through MF Wise Advisor?
If you are an existing AxisDirect customer, your trading account would be enabled for MF Wise Advisor by default. You would be able to place orders by following the path Trading > Mutual Fund > Wise Advisor
If you are not an AxisDirect customer and wish to invest through MF Wise Advisor, you need to open an account with AxisDirect.
You can click on the open an account button provided on our website www.axisdirect.in and leave us your contact details. Our representative will get in touch with you to complete the account opening formalities.
Can I place Lumpsum and SIP orders through MF Wise Advisor?
Yes, you can make Lumpsum investments or set up a SIP based on your financial goal, risk appetite and time horizon.
Can I start a new MF Wise Advisor 电竞娱乐平台 in an existing Mutual Fund Folio?
No, each MF Wise Advisor 电竞娱乐平台 will be always in New Mutual Fund Folio only.
Can I set ‘Nominee’ and ‘Joint Holder’ for investments in Portfolios listed under MF Wise Advisor?
Currently, setting up a ‘Nominee’ and ‘Joint Holders’ facility, is not available under MF Wise Advisor.
What is the minimum about of investment that I can start with?
You can invest with as low as Rs 5000 through MF Wise Advisor
What are the charges for availing MF Wise Advisor?
As of now this is free of cost
Can I modify existing MF Wise Advisor SIP 电竞娱乐平台 ?
Yes, your SIP request for MF Wise Advisor can be modified till your first SIP installment is debited on the 'Start date' of your SIP. Post your first execution on 'SIP Start date’; you cannot modify the existing SIP request. However, you will be able to stop the future execution of SIP by cancelling the specific SIP order from SIP Order book available under Trading > Mutual Fund > SIP Book
Can I change the ‘Goal’ of an existing 电竞娱乐平台 through MF Wise Advisor?
No, currently you cannot change the ‘Goal’ of any of your investments through MF Wise Advisor.
Can I discontinue or close any if my existing SIP 电竞娱乐平台 through MF Wise Advisor?
Yes, you can close your existing SIP at any time by placing a Cancel SIP request from the page Trading > Mutual Fund > SIP Book. Here you need to select the specific SIP request and click on 'Cancel' to cancel the SIP request.
I am an existing AxisDirect customer but my account is not enabled for trading in Mutual Fund Distribution (MFD) due to non-fulfillment of KRA KYC requirements. How can I enable my Mutual Fund Distribution (MFD) account?
As you are not KRA KYC verified, you will have to download & submit CKYC form from the following path:
Support > Download Centre > Individual Account Opening Form and Downloads > CKYC Form.
Please contact us at 1800-210-0808 or write to us at 电竞娱乐平台 for any queries."
What to do if investment ideas for a particular Scheme changes?
MF Wise Advisor keeps an eye on your goal-based investment portfolios throughout your investment journey. It automatically tracks and reviews their progress towards various goals. And if a portfolio veers off-track, MF Wise Advisor will suggest click-easy changes to make sure you get back on track to your target.
Can I redeem from an existing MF Wise Advisor 电竞娱乐平台 s?
Yes, redemption request can be placed for units of any scheme or for all schemes from an existing Unit Holding.
Can I do a Switch or set up a Systematic Withdrawal Plan (SWP) from my existing portfolios through MF Wise Advisor?
Yes, Switch and Systematic Withdrawal Plan (SWP) options are available in MF Wise Advisor Portfolio page and these requests can be placed for any scheme for which unit holdings are available.
Can I see my MF Wise Advisor 电竞娱乐平台 s in Unit Holdings and Portfolio?
Yes, existing MF Wise Advisor 电竞娱乐平台 s are also displayed in Unit Holdings & Portfolio as well.