SWP / STP in Zerodha

[TradeB2B]

@Neelesh @Bhuvan @nithin_kumrr
I need to do SWP in coin - so quarterly if i select - which month it will select on quarterly

because there is no start month is mention on coin platform

[foobar]

Bug: Coin SWP SIP 15 days have different timing methods

The SWP and SIP have 15 days options. But they have different methods of setting the next txn date. SWP seems to be 15 days from today. But SIP seems to be 15 days from last installment date. Today’s date is 27. So SWP is 15 days from now: 12 OCT [image] But SIP is 15 days from last installment and 4 days before the SWP… how can I transaction before I have the SWP funds available? Or maybe it’s based on creation date… somehow there’s a 4 days gap there too. [image]

SWP works from the day of triggering. for 15 days it’s 15 days from today.
Maybe same for quarterly…

you can create a small amount SWP and check ? and delete it afterwards.

[nithin_kumrr]

@TradeB2B

I need to do SWP in coin - so quarterly if i select - which month it will select on quarterly

@TradeB2B it starts from the current month. So, if yu set it up today, October 9, 2024, the next withdrawal will be on Jan 7, 2025 (90 days). You can check the exact date in the SIPs or SWPs section once it’s set up.

[dcoolsam]

I know you don’t want to commit on a date, but can you give a rough timeline? 1 month, 2 months, 3 months or more?

[Bimal_Nawalekha1991]

Any updates??

[Dharsana_Hari]

@Neelesh Any updates ? This endless wait is frustrating !!

[patoliyam]

This seems really unprofessional. I am so fed up of this delay that I am realistically considering moving to different platform. Is there any guide for moving my holding out of coin?

[Neelesh]

Some of these features when we design and work on, we ensure all the edge cases are caught etc, hence it takes time. This is something that is industry first allowing inter AMC STP. We are almost ready, heres a sneak peak.

[Bimal_Nawalekha1991]

Looks cool, but again when it is launching!! Commit a date… @Neelesh

[patoliyam]

Years of experience have taught me that incremental software improvements are superior to large overhauls. They minimize risk, accelerate feedback, and boost flexibility. IMHO grabbing the low-hanging fruit of intra-AMC STP is better than indefinitely delaying it for the larger inter-AMC STP feature. Or at least establish some realistic target date for accountability otherwise “almost ready” doesn’t mean much.

[tallerballer]

@Neelesh

allowing inter AMC STP.

Does STP amount come into my bank account or have you figured out a way to avoid it?

[SanJanJayadevan]

Wow!!

[dcoolsam]

Wow… Hope you launch soon.
As a first feature, why not launch with the same AMC STP and then work on inter AMC STP?

[foobar]

You brag in the media about keeping your development team very very lean but it’s evident on this forum that it has other costs.

Also you’re going against the agile methodology by releasing large features. Small releases will allow you to gather feedback faster. And reduce rework.

[Neelesh]

Systematic Transfer Plan (STP) is now live on Coin web

STP is now live on Coin Web! The Systematic Transfer Plan or STP feature is now live. STP lets a user set up automatic transfers from one mutual fund to another, making it easier for a user to manage their investments without manual effort. It is a mixture of SWP and SIP; once the SWP amount is credited to the bank account as per the settlement time of the scheme, we get the notifier from BSE, and that’s when we trigger the SIP instruction that will be supported using the mandate. Suppose you’…

[Saurabh_Arya1]

Hi. While trying to set STP, it fails at the end with below screenshot message.

[Heeru_Nisa]

You need to have sufficient holding value in the scheme in your demat account. For example, if you have holdings worth Rs. 10,000, you cannot create an STP exceeding this amount. An STP would make sense when you have holdings worth Rs. 10,000 and want to set it up across multiple schemes with amounts like Rs. 2,500 for each scheme.

Another scenario: If the total holding value is exhausted based on the STP setup, for example, if your total holding value in the scheme is Rs. 10,000 and the STP setup is across 4 schemes, each receiving Rs. 500 on a monthly basis, once the total value of Rs. 10,000 is completely transferred via the STP plan, you will receive an error. This error will indicate that there are insufficient funds left in your demat account to continue the STP process.