Last night, on Twitter while answering someone’s question about features of Kuvera that ain’t available on Coin yet, I remembered this thread where last I had reviewed on 25/12/2020 on the progress of necessary corrections and updates of Coin.
Following up on the same, let’s see what has changed in the last 7 months:
Coin cut-off timing (1:30 pm) is still not in sync with SEBI (3 pm)/ BSEStarMF (2:30 pm).
Ticket No 20200921976293.
Ticket Date: 21/10/2020
Current status: Pendix Fix.
It’s been 9 months and yet pending. On a lighter note, even a human baby is conceived and born by this time.
Coin doesn’t execute orders in real-time.
This was not in the original list but the order failures on April 12, 2021 put the spotlight on this underlying issue. Coin accumulates orders and then executes them in bulk after 1:30 pm. While it should be processing in real-time.
Ticket No: 20210419962395
Ticket Date: 19/4/2021
Current status: Pending Fix.
Current status: No progress.
Current status: No progress.
Current status: Removing this from the list as it isn’t possible because of a drawback of having mutual fund in the Demat format.
Current status: Just last week, on July 22, 2021 Coin launched a monthly newsletter. It’s too early to comment on the content and insights whether they are the same that’s available everywhere over the internet, or it has something unique to offer.
So, the summary of review findings for the 2021 half-yearly review of Coin:
Only 1 task is complete i.e. the Coin Newsletter.
Tasks #1 and #2 are critical to business, pending since long and need urgent attention to resolve them.
Tasks #3, #4, #5, #6, #7 can be achieved with the help of Kuvera and so it is fueling the user growth of competition. Fixing them would stop the growth of competition.