This week Mirae Asset Emerging Bluechip Fund reduced the SIP amount for new registrations to Rs.2500 while existing SIPs active on the fund can continue to invest up to ₹25,000.
Given that Coin treats every SIP as a lumpsum investment instead of a true SIP this puts people on the platform at a disadvantage. From pervious replies I know Zerodha has said in the event of such a scenario they will enable true SIP mode. But that doesn’t seem possible here / I am unable to filter funds to see which ones have AMC SIP mode enabled.
Is there a way to choose true SIP mode on Coin from the start itself to avoid such a scenario in future? Is it expensive / technically complex to enable this across all the funds by default?