Is NEFT details are same for Trading Account and Mutual fund Account?
Yes, itās still the same. It says processing and awaiting execution.
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I got the NAV for 5th July. Order was placed at 1st July 11pm. So I am assuming T day is 4th and T+1 is 5th. All as expected, just the allotment success was delayed for some reason.
Canāt edit or delete an order in coin? Had to place a new order. When will these feature would come?
For Gsec Bond, will the fund be deducted from trading account or we need to pay via bank? I did not receive any request to pay via bank.
@Bhuvan
Today is July 7. The current status of all of my SIPs ordered on July 4, 8AM:
When would the order get processed?
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Isnāt it possibe to list all MF on kite with symbol and having tags showing itās category as MF like ETF-NIFTYBEES ?
So that order can be placed through Kite itself which shows INAV and Cut-off time instruction shown in Coin website.
May be it will easy to do transactions instead traferring unutilized funds to Banks from Demat and perform transaction.
Also the payment and cofirmation delay can be mitigated, which may not require seperate Coin website in Future and All Eggs will be in one basket.
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@Bhuvan
The MF ābuy moreā orders are getting NAV of T+1 day ( even if i keep order before cutoff time like 1pm). This is really bad. Previously atleast it used to work fine upto 1:30 pm but now there is no reliability at all which days NAV we will be getting.
I placed 3 orders 2 days back, For 2, T+1 NAV i got & 3rd one still under processing. Not sure when it will process n which days NAV iāll get it. Also markets r changing very fast.
Is there a strict time before which if i place i get T Nav 100% reliably ( not T+1 or future days ).
{Iām paying through UPI only from my HDFC bank.}
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Yes, it automatically did. Thanks.
Though Iāll have to check which dayās NAV was applied. I paid through UPI around 1PM on 1st.
Hi @Bhuvan
Please state the reasons of not getting the allotment. July 4, 5, 6, 7- all dates passed. Orders are still in process? Is this a new thing after the changes then definitely this would be my last month as a Coin user.
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Few orders even I am stuck under processing status. The orders passed through smoothly with other brokers. Looks like Zerodha is again up to dirty tricks. Our mobile numbers are anyway available to everyone globally.
Zerodha is a FRAUD, possibly they are trying to siphon money out of our account. Either units are not allocated or not updated in Coin.
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Monday was a Holiday in US and markets were closed. NAV allotment was done at a lag of one day due to this reason. Itās a same day allotment otherwise in normal circumstances.
@Bhuvan Is the payment workflow sorted ? I see a lot of failed payments. Asking as I have a large lumpsum lined up today
Staying quiet and away from the problem isnāt helping. I need clarification of where the money was sent through the link given to us on Coin. Itās been 4 days and order status is still under process, there must be a problem with the flow thatās unidentified.
Is this even complying with the rules now- no allotments even after 4 business days? Why would a sane person repeat the same from next month and continue being a Coin user if this is the new normal? Had the AMCs received our money, we would have got the units allotment.
Please address the issue.
Tagging @nithin as well
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You can edit Coin SIPs but not AMC SIPs. Nothing has changed there.
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From trading account.
Have you created a ticket. If so, can you please DM me the ticket number?
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Maybe all this was done to make sure that the solvency of a broker or distributor platform does not harm the investors and they do not lose anything.