Jupiter Mutual Fund Investment Experience

[alexnazy (Alex Nazarene)]

So I am trying to make the switch from Paytm Money for my Mutual Fund Investments. I think the interface is becoming more and more cluttered. And the initial promotional pop-up is a big distraction.

I was thinking of moving to Zerodha Coin or Kuvera.

But just because I use Jupiter everyday and because there would be ease of setting up the SIPs as the bank and the mutual fund platform are the same here, I invested through Jupiter today.

The no penalties for missed SIPs is an awesome feature too.

And I must say that the experience was seamless.

In Paytm Money, I had to do app switching to Paytm for the UPI payment. Jupiter just asked for the OTP (which was automatically read) and the PIN (which I had to enter).

Also the interface and animations are great. Colourful !!!

Then when the transfer was made, I got an SMS from KFinTech. I can’t say how much useful this is. This is a great feature. I love it.

I am not sure if this is a Jupiter thing or not. But I never got confirmation SMS through Paytm Money. I was in the dark till I got the confirmation email. Maybe they have a different platform or something.

So far so good… I love investing through Jupiter. I hope Jupiter actually becomes the 1-app for everything money ASAP.

Please let me know your experience investing in mutual funds. Let me know if you have any recommendations as well.

[yagnesh01 (Yagnesh Kubavat)]

All my new SIPs have been initiated on Jupiter. The convenience of having everything under one roof makes the experience very very seamless.

The only difference in experience is I do not receive any communication from KFinTech when the units are allocated. I receive a that confirmation email from Jupiter itself

[Prithvi_Tejavath (Prithvi Raj Tejavath)]

Thanks for sharing this, Alex. There are so many hidden items too. Listing them so you can try them on Jupiter & compare with other platforms.

1. Same-day NAV: while this does not influence your choice of MF, only on Jupiter you get same-day-NAV if orders are placed before 2 p.m. At Jupiter, money goes directly from your bank to the MF’s (AMC) bank account, instead of going through a Payment gateway which is the case with most other platforms.
2. The SIP feature is power-packed: Along with no penalty, you can pause, cancel or modify before midnight of the previous day. On other platforms, it takes 3-4 working days. On a personal note, I’ve always found this quite frustrating.
3. You have flexibility on Pause too: until end-of-month, a couple of weeks or a custom date range too. Haven’t seen this on any platform. Think of it like a SIP holiday on the days you want to take a holiday
4. Daily/ Weekly SIPs on funds that don’t have daily/weekly facilities built. Daily SIP coupled with No-penalty on missed/low balance is also something our customers love

[alexnazy (Alex Nazarene)]

I also tried Zerodha Coin today. Just to compare the experience.

It wasn’t as good as Jupiter (or I did something wrong). It has a few more steps and I had to switch apps for the payment.

And the SIP page is complex and so I didn’t use it. I went for the lumpsum.

[alexnazy (Alex Nazarene)]

@Prithvi_Tejavath

Same-day NAV: while this does not influence your choice of MF, only on Jupiter you get same-day-NAV if orders are placed before 2 p.m. At Jupiter, money goes directly from your bank to the MF’s (AMC) bank account, instead of going through a Payment gateway which is the case with most other platforms.

@Prithvi_Tejavath Doesn’t Coin also offer the same? Do you mean that we may not get the same day NAV even if I do a UPI transaction before 2PM?

What is the applicable NAV when placing a mutual fund order on Coin?

@Prithvi_Tejavath

The SIP feature is power-packed: Along with no penalty, you can pause, cancel or modify before midnight of the previous day. On other platforms, it takes 3-4 working days. On a personal note, I’ve always found this quite frustrating.

Again I think Coin let’s you pause SIP if you go through Coin as against AMC Route. I think you can pause till before 1 day.

“Zerodha SIP orders should be paused or resumed before the cut-off time, i.e., T-1 day before 5:30 PM for it to be effective for the current month.”

How can SIPs be paused and resumed on Coin web?

@Prithvi_Tejavath

• You have flexibility on Pause too: until end-of-month, a couple of weeks or a custom date range too. Haven’t seen this on any platform. Think of it like a SIP holiday on the days you want to take a holiday
• Daily/ Weekly SIPs on funds that don’t have daily/weekly facilities built. Daily SIP coupled with No-penalty on missed/low balance is also something our customers love

These are definitely cool…

[alexnazy (Alex Nazarene)]

I had invested Rs.5000 in Quant Small Cap fund. The investment was not made and Rs.5000 was returned to my account.

I had made similar investments on the same day in 2 other funds and those were successful.

While I am happy that the money was returned to my account without any fuss, I am curious why this would happen?

@Prithvi_Tejavath can you please help me with this? I would like to understand possible reasons so that this doesn’t happen in the future. Thanks!