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Exiting Your smallcase Partially

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Exiting Your smallcase Partially

Author Vasanth Kamath
Published July 1, 2017
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Reading Time: 3 minutes

The experience of investing in smallcases is very similar to that in mutual funds, at the same time, also provides the flexibility to modify stocks/weights for a particular smallcase when required.

Introducing another feature to help you manage your smallcase investments better – Partial Exit.

Partial exit

partial-exit

Till now, exiting a smallcase would help you place sell orders for all the shares of stocks you hold in the smallcase & redeem the current value of the smallcase.

Partial exit is the latest addition to managing your smallcase. Through this feature, you can place a sell order for a specified sum of money, that is, a portion of the total value of your smallcase. For example, if your investment is Rs. 100, you can partially exit your smallcase by placing sell orders worth Rs. 80.

Removing/managing stocks vs Partial Exit

When you remove or manage stocks in a smallcase, you’re placing sell orders for individual stocks by choosing the number of shares of a particular stock you’d like to sell – hence changing the weighting scheme of the smallcase.

With partial exit, you will be placing sell orders for a specific amount of the current value of your smallcase ensuring minimum deviation for the weighting scheme of your smallcase.

How it works

Select Exit Type

  • Upon navigating to the ‘Manage’ section for a smallcase from your investments page , an overview of all that you can do with your smallcase will be displayed
  • When you select the ‘Exit’ tab, you’ll be given the option of choosing between a whole/complete exit or a partial exit
Confirm Exit Type screenshot
Note: If you have invested the minimum amount in a smallcase, the partial exit option will not be enabled

Enter partial exit amount

  • The current value of your smallcase will be displayed for your reference before you can go ahead with the partial exit
  • In the amount section, the maximum amount upto which you can place an order for partial exit will be auto displayed. If you have a want to exit for a lesser amount, you can input this (You can see the maximum amount upto which you can partially exit under the amount box)
  • Upon entering the amount, it will be adjusted to the closest possible amount to ensure that there are minimal changes in the weighting scheme
Input exit amount screenshot
Note: There will be some specific amounts where no stocks are found to sell (to prevent any modification to the weighting scheme)

Review & Place orders

  • After you confirm the specified amount, the sell orders that will be placed will be shown as a confirmation step
  • Upon placing the partial exit order, you’ll be asked to ‘Confirm’ to place the trades

Screen Shot 2017-07-01 at 5.58.25 PM

Note: You can view the partial exit order for a smallcase on the Orders page as a separate batch.

Author

  • Vasanth Kamath

    Founder & CEO at smallcase Technologies. Something Irrelevant.

    View all posts

booking profitsmanage smallcasepartial exitselling smallcasesmallcase
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Vasanth Kamath

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Founder & CEO at smallcase Technologies. Something Irrelevant.

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