We will post all the new updates we do on Coin on this thread.
Coin App - Version 2.5.12 (205)
Now, you can see the number of SIPs and the total amount you are investing in a particular scheme from the portfolio; navigation and amendments to the SIPs are simplified.
Any purchase that a user currently holds will show up in the scheme trendline and will be shown as per the dots plotted on the graph.
Updates on Coin Web
Holdings Section
We have enhanced the holdings page on Coin to provide users with the ability to access analytics for their Mutual Fund investments, download their ELSS statements, and authorize the debiting of Mutual Fund units for redemption orders.
Filter option
Users will now have the flexibility to filter and sort their Holdings, SIPs & SWPs using various criteria available in filter options. This feature allows users to customize their view by applying tags, enabling them to refer to specific holding categories or SIP types within their overall portfolio.
This feature will be helpful for the investors to streamline the monitoring of their investment categories, P&L and returns on their investments.
The feature offers users the capability to filter their holdings based on subcategories within mutual funds, allowing for a more focused view of their investments across specific mutual fund categories.
This functionality presents users with a summary of the total number of funds and the invested amount for each chosen fund category, along with a detailed list of their investments. Moreover, users can conveniently select multiple categories at once. The filter list will exclusively display mutual fund categories in which the investor have investments.
Users with multiple SIPs can now filter and sort them by frequency, payment source, SIP status, Creation date etc. This feature streamlines SIP management by enabling users to easily identify the fund sources of the SIPs, whether through a payment gateway or a linked mandate SIP.
Applying a filter automatically updates the SIP overview to display only the relevant SIPs, simplifying monitoring and management. Users can also sort their SIPs using various options and select multiple filters simultaneously for a tailored view.
Updates on Coin App
Filter option
Users will have the option to filter their holdings or SIPs based on different criteria/filters provided on the respective holdings or SIP page. This feature enables users to view their holdings or SIPs according to specific tags applied, allowing them to check on a particular holding category or SIP type from the total holdings or SIPs available in their account. The tools have been added to efficiently track the investment categories along with the active SIPs.
The count of items on top of the respective lists will change based on filtered items.
Portfolio/holdings page
The holdings page now allows users to filter their holdings based on subcategories within mutual funds i.e users can easily view their holdings for specific mutual fund categories. This feature provides users with an overview of the total number of funds and the invested amount for each selected fund category, along with a list of funds they have invested in. Additionally, users have the flexibility to select multiple categories simultaneously. Only the mutual fund categories that the users have invested in will be available under the filters list. Users will also be able to sort their holdings as per available options.
SIP & SWP -
For users who have set up multiple SIPs, they will now have the option to filter these SIPs based on frequency, payment source, SIP status, and SIP type. This feature allows users to track their SIPs more effectively and easily identify the funding source, whether it’s through a payment gateway or a mandate linked SIP. Once a filter is applied, the overview of the SIPs is automatically updated to provide a clear view of the SIPs matching the selected filter. This enhancement simplifies the process of managing and monitoring SIP investments. Users will also be able to sort their SIPs as per available options. Additionally, users have the flexibility to select multiple filters simultaneously.
Portfolio XIRR
MF Portfolio XIRR feature is now available on the Coin app. Investors can view the portfolio’s XIRR by clicking the “View” button.
Varsity Videos
We have revamped the Learn to invest segment into Basics of Mutual Funds on Coin. The basics of Mutual Funds section on Coin features 13 Varsity videos covering everything from fund basics to key metrics to evaluate Mutual Funds. It provides a clear and comprehensive guide to mutual funds in these engaging videos.
NEFT Page Revamp
We’ve revamped the NEFT/RTGS page on the Coin app to make the user experience smoother than ever. Users can copy the ICCL bank account details directly within the app with just a tap.
We have also added a nudge to alert users to transfer funds from their linked bank accounts and avoid transferring funds to ICCL via IMPS mode.
7 Changes to the mutual fund search:
Removed FAQ
FAQs have been removed from the home page of the Coin app.
Internal changes to enhance user experience on Coin:
A new data storage system has been implemented to ensure the proper persistence of settings and updated instruments.
Network modifications have been implemented to facilitate the seamless flow of the logout process and CDSL authorization without any disruptions.
A framework upgrade has been carried out to boost the overall performance of Coin to enhance the user experience.
Update on Mutual fund Redemption details
With the new backend changes, once a redemption order is placed by the users, the funds payout details will be updated under the remarks section of MF order history. After the redemption order is placed and successfully processed, on T+1 day, the remark will be updated to “Funds will be credited to the primary bank account.” and, as per the settlement time/payout date of the fund, the payout details will be updated under the remarks section on T+X day.
Ex - If Fund XYZ is redeemed on 1st Jan 2024, the status on T+1 day i,e 2nd Jan 2024 will be updated as Funds will be credited to your primary bank account and as per the settlement time of fund i.e T+3 days on 4th Jan 2024 the status will further be updated to Funds credited to XXXXXXXXX on 04/01/2024 with reference number as XXXXXXXXX
In-App UPI Experience for Mutual Funds on Coin App
We are launching a new flow for UPI transactions on Coin
In order to make a mutual fund purchase on Coin, you can choose between the following payment options:
What changes in the new flow?
In the new flow, the user will not have to leave the Coin app. Although users will not be able to use the Coin app to transfer money to other merchants or users, the entire journey for a mutual fund transaction on Coin can be done within our app.
Why can we not power P2P or P2 Other Merchant transactions?
Since Coin is not a payments app, powering third-party transactions will not tie into what we want to offer i.e. a clean mutual fund purchase experience. The license we have for powering these user to only Coin app transactions is accordingly not for a full-fledged UPI app. This route is the “merchant SDK route” of powering UPI transactions.
Since our partner bank in the merchant SDK route is Yes Bank, the UPI handle created for the users on Coin will be @yespay.
The app is pushed to Beta on Android and Testflight on iOS.
Refer to the link below to understand how you can get onboarded
Refer to the link below to understand how you can complete the payment
FYI, you have pasted some features twice in the post.
This would be useful if it was accurate. Mutual funds holdings on Console are months old and are wrong. Reported it in a ticket (#20240502390613) but ticket closed without fixing
Was this in-app UPI thing a feature requested by users?
Thanks for adding this. This was a much needed feature
I just tried the in app UPI payment and it is quite a seamless exprience. Huge improvment compared to the existing flow!
Some of the other threads mentioned below items on the roadmap. Can we expect to see them this year
Currently using excel sheets to track asset allocation accross MFs,NPS,EPF etc. It will be nice to have everything in Coin/Console.
yes, we are aware of this, the issue is with the current data vendor, we are in the process to change the data vendor, once this is done, all the Console portfolio underlying will be fixed.
This is something that we have implemented to improve the user experience to purchase MF, we want to make MF purchase to be a 1 click experience and not 3-4 clicks, this is the first step towards the same 
Yes, this will be happening in a month or two
We are evaluating AA and MF Central APIs to integrate this, which ever is most accurate, we will implement the same on coin to track all your MF holdings on Coin and Console.
@Neelesh please flash the cut of time to invest in coin platform
because debt and equity have diffrent time
withdrawl diffrent time
lpease do so
most people doesin know
Mentioned here
Will check the possibilities of what can be done here for more transparency.
When will SIP on UPI will be available?
Another 1-2 weeks we should be live.
Hi @Neelesh,
As per this the cut off time for EQ MF is 2PM. So if we make a payment before 2PM. will be get same day NAV. Can you please confirm. I made a big UPI Payment yesterday around 1PM to leverage yesterday’s NAV. But I don’t think it processed with yesterday NAV? Today the market is up by 3%
Same issue with me, although my top up was not a big one. I have faced this multiple times during drawdowns like this. I placed 7 lump-sum orders yesterday but I received allotment for only 2 of them. I can’t understand how can 2/7 orders be processed and the rest couldn’t. They all were placed between 11:42-11:48 and still this. Have created a support ticket and I am sure they will come out with the usual reply.
I am done now with Zerodha and coin, will leave the current investment as it is there and find something else to directly invest with the MF AMC or anything else.
I faced the same issue. I paid through UPI as well around 1pm
Same issue. Did at 11:30 AM on 3 July but got NAV after 4th.
Got allotted today (5th) at 4th’s NAV.
I am in the same boat, I placed two orders on the 4th at 12:17PM and 12:18PM, and as per the cut-off time, I am supposed to get 4th NAV. Till now on the coin, it says “Processing”.
same for me also i also placed 4t june 10.35 am , still not processed , why i dont know
@Neelesh can you answer me
