Yes, you can place multiple purchase or redemption orders in the same mutual fund scheme on the same day.
- Purchase orders: You can place unlimited purchase orders for any mutual fund scheme on the same day.
- Redemption orders: You can only place redemption orders for the units available in your demat account. Once you place redemption orders, those units will be blocked from further transactions.
Order tracking
- You can view expected NAV dates and completion times for your purchase orders in the app. This information displays for all orders except NEFT and NFO orders.
- For redemption orders, you can view the expected NAV date and credit date for your funds.
Order cancellation and payment
- Order cancellation: You can cancel your orders directly from Coin app for both buy and sell transactions. For redemption orders, you can cancel until 3 PM on the same day. For buy orders, you can cancel after payment, but only for a limited time before the system processes your order.
- Payment timeline: You must complete payment within T+5 days for purchase orders. If you do not make payment within this timeframe, your orders will be automatically deleted.