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Summary: Ashok owns 40 funds. He built the collection by buying whatever was doing well. Now he wants to clean it up, but the tax bill is stopping him. The tax is real, but it's rarely the actual obstacle. Two older habits of the mind do far more damage.
Summary: Ashok owns 40 funds. He built the collection by buying whatever was doing well. Now he wants to clean it up, but the tax bill is stopping him. The tax is real, but it's rarely the actual obstacle. Two older habits of the mind do far more damage. A few weeks ago, Ashok Kumar Singh wrote in. He owns almost 40 funds, collected over the years by looking up past performance and buying whatever was doing well. He asked me two questions. If he holds two or three funds of the same category and they are all doing well, must he sell some of them just to bring the count down? And could we build a tool that tells him whether selling a fund and moving to a better one is worth it after capital gains tax? The tax in his second question is real. But in my experience, tax arithmetic rarely stops anyone. Two old habits of the mind do far more to keep bad portfolios in place. The first is anchoring. You open your account statement and see a figure. Say it is Rs 60 lakh. From that moment, Rs 60 lakh is your money. Your kitty. What you should rightfully take home. Never mind that a good part of
This article was originally published on July 20, 2026.
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