To use STP on Coin…what are the time lines… do we get same day NAV for the new fund or T +1 ? Also is there a difference in NAV if we use UPI autopay vs ENACH ?
Hi @Nitin_Bhasin, for STP on Coin - after redemption from your source fund, we need to receive payout details from the Exchange, which can take up to 1 day. Only after payout details are updated on Coin will the purchase order for your target fund(s) be placed.
A mandate debit instruction is initiated on the day the purchase order is placed, and the amount will be debited from your bank account on T+1 day for UPI Autopay or T+2 day for eNACH.
You can read more about STP in the support article here: What is STP and how to create one on Coin web?
1 Like