Incorrect NAVs by Zerodha Coin

[metallicsigma]

I came across this on X. Is this real? Zerodha hasn’t answered on X yet!!
If true then it is really bad.

https://x.com/skumarpathania/status/1798373108384190969

[Chetan_Nahata]

@Neelesh

There was a delay from the payment aggregator to report the payment to the exhange hence a few orders have been affected here. We have been following up with them and waiting for the RCA.

Unfortunately after the pooling mechanism going away in 2022 even the funds are directly transferred from your bank account to the clearing corporation, here the exchange does not get to know from whom the payment has been received till the payment aggregator reports/ uploads the data into the exchanges systems. Here one of our payment aggregator partners faced an issue due to which this issue occurred for a few orders, and this is across all brokers and not only Zerodha

Now I know only the ones who don’t know what’s happening are the one’s barking
PS @Neelesh Explained it here

[metallicsigma]

Ok, so basically there is no guarantee what NAV we could get.

[Chetan_Nahata]

excluding exceptional situations like it’s fairly predictable

[metallicsigma]

Okay so other way of saying: We can’t be sure that we can buy the dip.

There has to be a solution. If this is a problem of some outside agency then maybe zerodha can take an initiative to ask that agency to figure out a solution so that this doesn’t happen in future. Or maybe complaint to SEBI so that SEBI should force that agency to figure out a solution.