What is a conditional order in Zerodha Coin and How to place it?

Conditional orders are similar to limit orders in stocks which means placing buy or sell mutual funds orders at a specified NAV, therefore, also termed as “NAV-Tracking” orders. These orders can only be placed for the lumpsum investment and not allowed for SIP investment.

Steps to place Conditional Order in lumpsum MF investment;

1. Log in to the Coin platform.
2. Select the scheme, and click on the “Buy Direct” option for lumpsum investment.
3. The order window will be displayed, click on the conditional order checkbox and enter the NAV price.

4. Tap on the “Buy” option to successfully place the order.