Everything you need to know about restrictions on new investments in international mutual funds and ETFs

Zerodha Coin - Direct MF
52

Same problem. Weekly SIP in PPFAS. Got canceled. Don’t see the option to set up AMC SIP in Coin.

Just 3 hours left for the cutoff of 2 pm, 1st Feb.

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53

Yes @Ambrulz…that is what I thought. There would have been a separate communication if this was the case.

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54

Got this reply from Zerodha Support.

We would like to inform you that you can create new [AMC SIPs] by Feb 1st, 2 PM. We are working on this and shall be live shortly.

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55

Refer to this tweet from Parag Parikh

Screenshot_20220201-100015_Twitter
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56

I questioned this to the Zerodha agent. He wasn’t sure and would arrange for a call back with clarity. He mentioned, it is in the process of being converted to monthly amc sip.

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57

Sorry for the delay, folks. This was quite tricky for us in the backend. We’ve deleted all weekly, fortnightly, and quarterly SIPs in PPFAS. If you still want to continue investing, please create a regular Coin monthly SIP before 1 PM and we’ll migrate to an AMC SIP.

Note: Please create it before 1 PM.

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58

@Neelesh Can you please let us know if we can create weekly / 15 days sip or only monthly sip can be translated to AMC sip later?

59

Nope, you can only create a monthly SIP.

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60

Thank you very much :raised_hands:

61

FYI, check Everything you need to know about restrictions on new investments in international mutual funds and ETFs - #57 by Neelesh

62

Thanks for clarifying @Neelesh , I have created the monthly SIP in coin, will be waiting to migrate those to AMC SIP.

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64

What happens to my weekly sip funds if I don’t create monthly SIP? Would I have to redeem it or it will be paused and the p&l keeps updating? Without international stocks this fund isn’t of any importance and I wouldn’t want to create monthly SIP until the limit thing gets sorted by rbi / sebi. @Neelesh @Bhuvan

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65

@Bhuvan any updates on: Axis Growth Opportunities Fund?

Please let me know if we should create AMC-SIP manually for this fund?

Thanks.

66

Hi Ambuj, I think the info is correct. They’ll only invest in Indian equities for now.

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67

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68

Was UTI Nifty 50 index fund also cancelled, I had weekly sip of it but can’t see it

69

We have cancelled all weekly, fortnightly, quarterly and conditional SIPs in these schemes. If you still wish to continue investing, please create a monthly Coin SIP before 1 PM and we’ll migrate it to an AMC SIP.

Just got this email from Zerodha

70

Ahh , so it’s suspended, not stopped, lets hope the limitations lifted soon :slight_smile:

71

Your SIPs will be cancelled but your existing investments will remain as is and you’ll see the NAV.

72

Nope. Please create a ticket, we’ll have this checked.

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