Portfolio rebalancing kya hai, kab karein, kaise karein — complete Hindi guide Indian investors ke liye.
Published by The Retail Trader · AUG 13, 2026 · Features
Portfolio rebalancing kya hai, kab karein, kaise karein — complete Hindi guide Indian investors ke liye.
Portfolio rebalancing ka matlab hai apne portfolio ko original target allocation ke wapas lana. Time ke saath allocation bigad jaata hai — rebalancing usse fix karta hai.
Simple definition: > Rebalancing = Portfolio ka "reset button." Agar target 60% equity tha aur equity badh ke 75% ho gayi → equity bech ke debt mein shift karo taaki wapas 60% ho jaaye.
Starting allocation: 60% Equity, 30% Debt, 10% Gold
After 1 year (equity rally):
• Equity: 75% (bahut badh gayi)
• Debt: 20% (proportionally kam)
• Gold: 5%
Problem: Equity 75% = bahut risky ho gaya portfolio. Agar equity gira toh bahut bada loss.
Solution: Rebalance karo → Equity bech ke debt/gold mein shift → Wapas 60/30/10.
Method 1: Calendar Rebalancing:
• Frequency: Quarterly ya yearly
• Kya karo: Har quarter/year mein allocation check karo, adjust karo
• Best for: Simple, easy to follow
Method 2: Threshold Rebalancing:
• Trigger: Jab allocation 5%+ deviate ho
• Kya karo: Jab threshold cross ho tab rebalance karo
• Best for: More responsive, fewer transactions
Method 3: Cash Flow Rebalancing:
• Trigger: Naya paisa invest karte waqt
• Kya karo: New money ko under-allocated asset mein daalo
• Best for: SIP investors, no selling required
Step 1: Current Allocation Check Karo:
• Equity kitna % hai?
• Debt kitna % hai?
• Gold kitna % hai?
• Cash kitna % hai?
Step 2: Target Allocation Se Compare Karo:
• Equity — Target: 60%, Current: 75%, Difference: +15%
• Debt — Target: 30%, Current: 20%, Difference: -10%
• Gold — Target: 10%, Current: 5%, Difference: -5%
Step 3: Rebalance Karo:
• Equity sell karo: 15% shift to debt/gold
• Debt buy karo: 10% add
• Gold buy karo: 5% add
Step 4: Verify:
• Check new allocation matches target
• Transaction costs consider karo
• Tax implications dekho
Ye paanch baatein dhyaan mein rakho:
• Monthly — Pros: Very responsive, Cons: Too many transactions, high costs
• Quarterly — Pros: Good balance, Cons: Moderate transactions
• Half-yearly — Pros: Less transactions, Cons: May miss big moves
• Yearly — Pros: Simple, low cost, Cons: May be too late
• Threshold (5%) — Pros: Responsive, Cons: Requires monitoring
Recommendation: Yearly rebalancing + threshold trigger (5% deviation).
Ye paanch baatein dhyaan mein rakho:
• Brokerage — ₹20 per order
• STT — 0.1% on equity sell
• Capital gains tax — STCG 20% ya LTCG 12.5%
• Exit load — Mutual funds (0-1%)
• Stamp duty — Minimal
Tip: Cash flow rebalancing (new money) avoids selling costs.
"Equity badh rahi hai, kyun bechu?" — Over-concentration risk. Ek crash mein bahut bada loss.
Har month rebalance = unnecessary costs. Yearly ya threshold-based kaafi hai.
Equity sell karne pe STCG 20% lagta hai. Tax-efficient rebalancing karo (new money se).
"Bull market hai, equity mat bechu" — Discipline maintain karo. Plan ke according rebalance karo.
Method 1: New Money Se Rebalance:
• Naya paisa under-allocated asset mein daalo
• Kuch bechne ki zaroorat nahi
• Zero tax impact
Method 2: Loss Harvesting:
• Loss wale stocks sell karo (tax loss harvesting)
• Profit wale stocks hold karo
• Loss se capital gains offset karo
Method 3: LTCG Exemption Utilize:
• ₹1.25L LTCG tax-free hai
• Har saal ₹1.25L tak profit book karo (tax-free)
• Reinvest in under-allocated asset
Ye baatein dhyaan mein rakho:
• 📌 PORTFOLIO REBALANCING QUICK REFERENCE
• WHAT IS IT:
• 📊 Portfolio ko target allocation ke wapas lana
• 📊 Risk control aur discipline ka tool
• 📊 Time ke saats allocation bigad jaata hai
• METHODS:
• 📊 Calendar — Quarterly/yearly fixed
• 📊 Threshold — 5% deviation pe trigger
• 📊 Cash flow — New money se rebalance
• PROCESS:
• 1️⃣ Current allocation check karo
• 2️⃣ Target se compare karo
• 3️⃣ Over-allocated asset sell karo
• 4️⃣ Under-allocated asset buy karo
• 5️⃣ Verify new allocation
• FREQUENCY:
• 📊 Yearly + 5% threshold trigger
• 📊 SIP investors: Cash flow rebalancing
• COSTS:
• 📊 Brokerage: ₹20/order
• 📊 STT: 0.1% (equity sell)
• 📊 Tax: STCG 20% / LTCG 12.5%
• 📊 Exit load: MF pe 0-1%
• TAX-EFFICIENT:
• ✅ New money se rebalance (no selling)
• ✅ Loss harvesting (offset gains)
• ✅ LTCG exemption utilize (₹1.25L/year)
• AVOID:
• ❌ Never rebalancing (concentration risk)
• ❌ Too frequent (unnecessary costs)
• ❌ Ignoring tax implications
• ❌ Emotional decisions
Ye chaar baatein dhyaan mein rakho:
• Portfolio Diversification Guide
• Risk Management Kya Hai?
• Mutual Fund Kya Hai?
• Capital Gains Tax India
The Retail Trader — educational market analysis. Not investment advice.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.