@Neelesh Can STP be expected before end of this year?
1 Like
Thanks for SWP, is there an option to increase the withdrawal amount every year instead of fixed amount in SWP? for example, this year I am withdrawing 10k per month, for next year I want to increase it by 10% (11k) and so on.
Step up is not available in swp, you can instead use the modification option whenever you want to change the amount.
Any update on STP availability?
very HIGH time to roll out STP now. Have been waiting for more than 5 years, when I first wrote about it in the forum.
Now it is impacting my strategic decision (evolved around these years) and the kind of amount being invested now.
@Neelesh, can you please put some light on its availability ??
cc: @nithin
1 Like
Hi @akashtripathi another few weeks and this feature should be live. We will be soon live with UPI autopay, post which we will roll out STP.
1 Like
I have a confusion as to how STP would work in demat mode.
In folio, STP would trigger sell and buy of fund without any money crediting/debiting the primary bank account linked.
For demat, Will there be credits and debits happening in Linked bank account too?
where can I download my coin transaction tradebook?
Hi Neelesh can you please share when wil STP be live?
Also how will it be implemented concept? Is it straight forward stp or some different way?
Also recently seen in news that brokers can invest money in over night funds will stp be also allowing equity to overnight or between any 2 equity also loke small cap toa large cap?
You can download tradebook through Console under Mutual Funds segment:
Earlier it was Rs. 1 lac, but enhanced to Rs. 1 crore recently. You can check BSE circular here.
Understood. But Coin still does NOT allow me to create an SIP exceeding 1 Lakh even though the mandate I’m using to create that sip has a limit of 1 Crore (note: this is a mandate I just created which clearly shows the limit as 1 crore).
Here is the error: “Error placing sip order: Maximum per day limit of 1 lakh rupees reached for this mandate, please create a fresh mandate and map.”
However, if I create an SIP for 1 Lakh initially and then try to modify it to say 2 Lakhs, Coin no longer throws any error and happily accepts the change.
I wonder what is going on here. This is inconsistent behavior from Coin.