To buy more of a basket you’ve already invested in, follow these steps:
1. Go to the “My Baskets” tab and select the basket.
2. On the next screen, click on “Invest More.”
3. Here, you have four options to choose from while investing more: Recommended Weight, Basket Weight, Investment Weight, and Custom (stock quantity or amount in Rs).
Recommended Weight: This option adjusts your basket to match the original Starfolio weights as closely as possible. It is useful when stock price movements have caused deviations in the weights of stocks since your initial investment.
For example, if you initially invested in a basket with five stocks equally weighted at 20% each, price changes over time may alter these weights. A stock that rises significantly may exceed its original 20% weight, while another that declines may fall below it.
When you choose the Recommended Weight option while investing more, the platform rebalances your portfolio towards the original allocation. It does this by buying fewer shares of stocks that have increased in weight and more shares of those that have decreased, helping realign your basket with the original Starfolio composition.
Basket Weight: This option allows you to buy stocks based on the original basket constituents and their assigned weights, without considering your current holdings. It is equivalent to investing in the basket for the first time.
You can enter the amount you wish to invest and click on “Calculate.” The platform will then determine the required allocation and enable you to invest according to the original basket composition and weights.
Investment Weight: This option allows you to invest more in your basket while maintaining the current stock weights of your existing portfolio.
For example, if you initially invested in a basket with five stocks at equal weights of 20% each, price movements over time may have changed these weights. A stock that rises significantly may now have a higher weight, while another that declines may have a lower weight.
When you choose the Investment Weight option, the platform preserves these current weights as you invest more. This means more shares of stocks with higher current weights will be bought, and fewer shares of those with lower weights, keeping your portfolio allocation consistent with its current composition.
Custom Weight: This option gives you full control over the weights of stocks in your basket. You can adjust stock allocations based on your preferences and even add new investments while buying more.
You can choose between two methods: entering the quantity of stocks directly or specifying the investment amount, in which case the platform will automatically calculate the number of stocks accordingly.
4. Based on your selected option and investment amount, the platform will display the minimum and closest ideal amount required to buy more of the basket. This ensures that the basket weights align with your chosen method.
5. After reviewing the details, click “Proceed” to confirm the order. Your broker will execute the trades at the prevailing market price.
Your invested baskets are available under the Active Baskets list. Select the basket you wish to sell, you can choose to sell it either partially or completely.