Effect of SEBI's new rules for Coin app

[rupeshmandal]

@Bhuvan

Still figuring out things, too early to say anything. We’ll post an update when we have more clarity.

ok, much before the SEBI guidelines were issued citing a deadline, @nithin had mentioned the same in a post in Feb 2020.

@nithin

That said, SEBI has asked platforms like us to switch to using money from bank and not directly from trading when purchasing MF. So in the next few months we will have to switch slightly the way Coin works. It makes it slightly tough for our team to support, but it will solve for all the issues that you have pointed

Taking a cue from there, and drawing parallels with the released guidelines, I am guessing that the upcoming changes would iron out much-awaited order placement cut-off timing disparity, and real-time order placement; the two big issues with Coin.

Keeping fingers crossed for 1 April 2022!