But there are other issues with Coin. Just talk about the MF investments made only on Coin. There is no better way to analyze them. Console provides limited insights only. Now, I would request you to download INDmoney app and import your portfolio and use it just for a week.
P.S. I do not work for INDmoney, nor am I getting paid to talk about them but I am only naming it because of the mind-blowing insights it provides. You just say wow!
Use it for a week and you would understand the depth of insight it provides. e.g. how much TER has been paid on this fund in (Rupees), what is the capital gain applicable (STCG and LTCG if I redeem now), what are the returns of the fund wrt India’s inflation, if there is news about an underlying stock in that MF, e.g. ratings of PNB changed, you get a notification along with the news, how much exposure you have in PNB in that MF. If there is any change of fund manager or fund attributes, it alerts you. Very thoughtfully deisigned. Such small but important details and insightful analysis, all based on AI. Yes, giving email access for the same is a bargain for it. I am okay with it. Others may not. That’s okay.
On the other hand, on Kuvera you don’t even have to give email permission. You can set an auto forwarder in your email manually so it auto-forwards CAS to Kuvera to fetch new updates. Also, you can manually upload the CAS file.
Forget insights, the unit allocation after investing on Coin is also so delayed. If I buy on Friday, by Saturday Kuvera and IMDmoney shows me the updated portfolio, while Coin updates the holding only on Monday after the market opens. So delayed updation of even unit allocation. On Kuvera daily NAV is updated as and when AMC update in the night - starts by 8pm onwards. On Coin NAV is updated only on next working day after market opens. So delayed information. Yes, I know checking daily NAV is a different discussion altogether but I am focusing only on the swiftness of other platforms and comparing it with other platforms. That’s it.
@nithin The basic need is that Coin needs a make-over. I don’t even remember when it was last updated. When we talk about Facebook, every 6 months they would release something or the other, a major update, make some changes, it keeps the momentum going. It’s a usual software development life cycle. Sometimes they get it right, and sometimes they get it wrong. It’s okay. E.g. The tagging feature recently launched on Console has lots of bugs but it is good. There is a displacement. Some change. Progress. Something new. But as Mark Zuckerberg says - you have to fail fast. Here, Coin is working at a pace of a snail. No offense, please. And please don’t defend saying only 4 people team is working on Coin because that argument is invalid as Zerodha is #1 in the market today, and is profitable so it can scale and get things done. E.g. 6 months since I officially requested for cut-off timing to be in sync with SEBI and yet not done. Ticket # 20200921976293
Now that on Kuvera I can connect Zerodha account and not only see the Shares but also place buy/ sell orders, I asked Kuvera team if I can place a buy/ sell order on Kite from within Kuvera using the API, why can’t I place a buy/ sell order on Coin MF order. FYI their CTO, Mayank is working on this feature.
If this happens, then as a business, think wouldn’t it make Zerodha a B2B2C company rather than a B2C company? Think of my words with a cool, calm mind. People would start using Kuvera because of better UI and features and yet be able to place Kite/ Coin order from Kuvera using API. Doesn’t it overshadow Zerodha from a business strategy point of view?