/ New Features

Filter by Sub-Categories, Exit Loads and Capital Gains

Here is a roundup of SimpleMoney's latest features, designed to make your life even simpler!

New Filters in the All Funds Page:

We have added more criteria for filtering in the “All Funds” page so that you can get a more comprehensive and nuanced understanding of your portfolio.


SimpleMoney’s latest filters are:

Sub-categories: in addition to getting a list of your Debt, Equity and Hybrid funds, you can now further classify them to see them categorized according to their sub-categories. Want to see your Large Cap Equity funds and your Dynamic Bond Debt funds? Not to worry, we’ve got you!

Exit loads: you can filter your funds to see which of them are free of exit load, partially under exit load and fully under load.

Capital gains: you can see which of your funds are free of short term capital gains, partially under short term capital gains and fully under short term capital gains. (That’s the most we’ve said “short term capital gains” in one one sentence).

You can pick any combination of these filters to really zero in on your funds.

Why is this useful?

Because it helps you understand a range of scenarios to help you make wise investment decisions. For example, if you want to move your funds from a Mid-Cap Equity fund to a more a liquid fund (because you have an expense coming up), you can use the filters to determine which of your Mid-Cap funds is free of any penalty.

Enter your criteria to see which funds fall under your desired category.

Why is it better to have SimpleMoney do this work for you?
While this information looks intuitive and pretty simple, it can be really frustrating to calculate on your own, especially if you’re not a Math/Excel genius, or if you don’t have the time.

The only other way to calculate the capital gains report is by requesting statements from the AMCs, which usually arrive in less than beautiful looking PDFs and are quite hard to read (2pt font. Seriously).

Also, not all funds are consistent with their exit load conditions. For example, if you have purchased units in the Franklin Templeton Corporate Bond Fund and are trying to figure out how much exit load penalties you might have to pay and for how long, you’ll have to perform a calculation based on this information:

Upto 10% of the Units may be redeemed without any exit load in each year from the date of allotment.

Any redemption in excess of the above limit shall be subject to the following exit load:

3% - if redeemed on or before 12 months from the date of allotment

2% - if redeemed after 12 months but within 24 months from the date of allotment

1% - if redeemed after 24 months but within 36 months from the date of allotment

Nil - if redeemed after 36 months from the date of allotment

That’s a lot of work. Now, let’s multiply that work by the number of funds we own.

Silence as we go hide under our beds and hope that we will win a wad of hard cash in the lottery so we never have to redeem our funds.

Silence as we realize that we don’t need the lottery because SimpleMoney can do this work for us (and winning a wad of cash will raise new complications such as: how do I beat inflation if I hide this money under my mattress? I have to invest it? But then how will I redeem it? - you get the drift).

Sound of joyous celebration as we rush to our computers/tablets/phones and get to work on making informed and uncomplicated investment decisions.

If you have feedback on these new features or suggestions for even better ones, please email us at [email protected] and we will get back to you.

If you haven’t signed up for SimpleMoney, Saturn’s upward climb is probably a good astrological time as any to start tracking your portfolio to make good investment decisions. Head over to SimpleMoney to learn more and sign up.