Piyush_Modi:
it would be great if can buy gilt funds and other funds directly from zerodha ledger balance. its too much hassle to withdraw to bank account, buy via coin, get credit in 1-2 days then pledge it again. money tied up 4-5 days like this
I understand the experience in this case. But as per SEBI regulations, mutual fund purchases have to be made directly from your bank account, not from the funds in trading account.
Up until now, whenever you invested in mutual funds, the funds would be deducted from your trading account just like stocks. On October 4th SEBI issued a circular that disallows pooling of funds for mutual funds from April 1st, 2022.
What does this mean for you as an investor?
This circular means a complete change in the way Coin works since funds in your trading account can no longer be used to invest in mutual funds. Under the new regime, if you want to buy Mutual funds, you’ll have to make …