Comment on Introducing Coin - our Direct Mutual Fund Platform

Sriram commented on 05 Sep 2017, 11:16 AM

Even though I can see in Tata Mutual Fund that the redemption is carried out, it is not reflecting till 11.15 am on the availability of funds. As it is, instead of doing through Bank, where I can get the funds immediately on redemption, here I have to wait for another day, because after redemption, only by evening 7.30 pm you are allowing the funds to be transferred to bank account. But even after redemption, if it is not shown properly, it makes our position worse.

I think I will not do anymore investment in your mutual funds, as I can see no great benefit in interest rates in liquid mutual funds, between direct and regular…

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