The coin mandate order feature is very opaque… and apparently glitchy…
TLDR:
It seemingly allowed me to modify some SIPs but not others citing t-2 days duration in the same minute!
Then it placed duplicate orders as well for the ones I was able to modify.
And the ones I was not able to modify, I was able to remove them on T-1!
details:
5 = thu
6 = Fri
7 = sat
8 = sun
9 = mon
this happened with 6 SIPs but I would make the case with 2.
HDFC gold fund and UTI nifty 50 were scheduled for 7 sep. On 5th I wished to make a change to the amounts so I tried to modify UTI and as expected it showed t-2 modification is not allowed.
I tried the same for HDFC and it worked. Except It started showing the next SIP Date to be 8 october. I edited it again and made it 7 and everything seemed normal.
Except now there are two orders in the history placed on 7th and 8th respectively for HDFC itself.
And they have been debited for using the emandate.
The status is still pending emandate execution.
I removed the UTI SIP on 8th and yet no order for UTI…
I agree the modifying the orders this close to execution isn’t a good idea but that doesn’t give you free pass to make a glitch laden system. It’s a genuine case to be able to modify or block transactions at the last moment.