@dexter007 I had already filed a complaint against both Zerodha and BSE Star MF at SEBI SCORES last week. The case is under process. Let’s wait for the outcome.
Yes, I do agree that Zerodha should not pass orders to BSE Star MF in bulk and instead pass on the orders as they come by. It would reduce load. Kuvera does the same pasing on orders to BSE Star MF as and when they come by. Sending bulk orders by Zerodha at 1:30 is a bad system design.
Also, BSE Star MF accepts buy orders till 2:30 pm for same day NAV and redemption orders till 3 pm. On Kuvera you can place buy orders till 2:30 pm for same day NAV and place a sell order till 3 pm. This is how it should function.
If Zerodha cares for the retail investors it should do as Kuvera is doing. 2:30 pm for buy orders and 3 pm for sell orders. Instead of brute force cut-off at 1:30 pm for both buy and sell.
I think finally all these platforms have to invest in creating their own standalone payment routes to AMCs like Paytm and ET Money has done. There is no escape from it. They have to break the monopoly of BSE Star MF. And create an alternative solution that others can also use to generate revenue and get returns of investments.
Until then such problems would reside. I hope SEBI comes with a solution keeping retail investors in mind.