It will be automatically cancelled when the source fund will be exhausted and you will get a notification.
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Can we do a STP from say a liquid fund that we hold to a different fund which is currently not in our portfolio? I dont see and option to do that.
Example i have Parag Parikh liquid fund in my portfolio and i want to STP to say Parag Parikh Flexicap fund which i dont holdā¦ how does one do that? Normally within a fund house this is easy.
I would imagine you could first do a small amount of lumpsum investment in the flexi cap fund, once it is in your holding then you could setup the STP.
With the Zerodha STP, the investment scheme should be either pre-available in your Portfolio or you need to have previous investment in the scheme and is redeemed from your holdings.
On a side note, how do we automate the payment of quarterly demat account maintenance charge?
Weāre working on providing this option in the coming weeks. Weāll keep you updated.
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To some extent you can set up an SI mandate quarterly recurring in your bank app. That will deposit it to kite funds. Then zerodha can deduct it.
Getting this error while creating STP from Nippon large cap to Nippon Small Cap
Invalid SIP data for ISIN INF204K01K15 with amount 10000.0. Can someone help?
hmm to which account though? Is there a specific account number/ifsc combo that is assigned to each of us?
Do not do UPI. send from your linked bank account.
Schemes where only AMC SIPs are allowed cannot be used in a STP set up, at Zerodha STP is a combination of Zerodha SWP and Zerodha SIP hence this will give up an error, we will try and show the error message more clearly.
Also, I think it would be very helpful if you can write a brief about the tax implications of doing an STP. Many people have the misconception that since you arenāt taking out the investment, capital gains wonāt apply. This is indeed incorrect given the STP is basically a SWP+SIP.
Yes, we will share a support article related to the same shortly.
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Swp leg of my stp failed due to weird reason shown in the site/app i.e. no matching sell orderā¦ can you confirm if it will be re-attempted and why it failed? User id oxq602
Also confirm whether sip leg will be impacted or not?? Already raised ticket but as expected it is getting closed without proper responseā¦
SWP order was failed due to units were not authorized on the CDSL site. Hence, the second leg of the order (SIP) will not be triggered on Coin. To avoid such rejections, kindly authorize your mutual fund units on the CDSL site before 3 PM.
Further, you can also submit DDPI to avoid CDSL T-Pin authentication. Once the DDPI is submitted, you will not have to enter the CDSL T-PIN and OTP to sell / redeem shares and Mutual funds.
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Hi ! Can you please give some clarity on the process if the SWP date falls on a weekend or non trading day (like today). How does Coin handle this situation? My SWP (for the STP transaction) that was due today has not got triggered. Will it execute the SWP from the liquid fund on the next trading day on monday, or should I have to do manually? Can you please guide?
Hi Abrahama, the SWP will be triggered even on a holiday or non-business day; however, the order will be processed on the next working day (if authorized timely in the case of non-POA/DDPI).
SWP (for STP) is triggered around 10:10 AM.
@Arjun_Oberoi Thank you for the clarification. The SWP has got triggered and I was able to authorise the transation. One more guidance. If by any chance, we miss the authorisation process on the day the SWP is triggered, do we get to do it the next day and the full STP process gets continued or the process is broken and we have to do the SWP and STP manually for that month? Thanks for the guidance.
If authorization is not completed before the cut-off time (3 PM for redemption) on the next working day, i.e., November 18, 2024, the order will be rejected.
Letās say you miss the authorization and the order fails, you can manually place a redemption order, and once you receive the credit in your bank account, you can place a buy order manually for that particular month.
The STP-SWP instruction wonāt be stopped and will continue from the next cycle.
can STP be done from Tata money market fund? i see that option as not active once i click on ācreate stpā - please clarify.