Coin Web - Conditional Buy & Redeem Order

Zerodha Coin - Direct MF
21

Checking this.

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@Neelesh few questions

  1. What time of the day NAVs get published?
  2. Does the conditional order check those active NAVs?
  3. Does this also mean all conditional triggered orders will always be placed before 2pm of working day.?
  4. What frequency are these conditional orders checking NAV, OnUpdate, Hourly, Daily etc?

Assumptions for simplifying:

  1. We are talking about Indian equity funds only for conditional orders…
  2. Assumption is customer is actively paying as soon as he gets the notification.
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any update?

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Noticed 2 categories of index funds now. Is this a new category by SEBI?

a
a1080×660 87.6 KB

b
b1080×1412 103 KB

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Hi @pyarlath , Kindly refer to the below explanation.

  • The NAV applicability of conditional orders will be based on the payments made for the conditional order and reporting of the transaction by the payment aggregator to the clearing corporation.

  • The conditional order is triggered when the specified conditions (NAV) are met. The system considers the latest NAV declared by AMC.

  • Conditional orders are triggered at 10 AM after the set conditions (NAV) have been met.

  • System considers the latest NAV published by the AMC on the previous day and triggers the conditional orders on T day at 10 AM when set conditions are met