I'm happy to announce the availability of Coin Mutual funds on Kite Connect! With this release, we've achieved an important milestone on the Kite Connect 3.0 roadmap. The new APIs let you buy, sell and create SIPs for 3000+ regular and direct mutual funds (all DEMAT'd), enabling you to programmatically manage your portfolios or create full fledged Mutual fund investment platforms.
How to get started?
1. You can find the documentation for the new APIs in the "Mutual funds" section here. You'll have to regenerate your session access_token to gain access to the new APIs.
2. Orders placed via the API can be managed on the Coin dashboard.
3. Our official client libraries (Python, Java, Node) will be updated over the coming days.
Important updates
1. As you already know, our prices have always been inclusive of Service Tax (prior to July 2017), and now, they're inclusive of GST. For GST compliance, you will need to login to your Kite Connect dashboard, edit your profile, and choose your state of residence.
2. We're working on separating Kite Connect and Historical data APIs, so that you are able to use one without the other.
3. Our official .Net client library is coming soon!
Does this use BSE Star MF in the backend? If yes, could you talk a bit about how that works technically? Do they have their own API platform? Curious programmer here.
Hi @chaitanyanettem, Yes, we use BSE Star MF in the backend. They don't have JSON like APIs and they don't have reports in API format. We do all of this at our end and provide JSON APIs. Our APIs include placing Order, placing SIP, fetch Order, SIP, and Holdings. You can check out the documentation for more details about API.
@chaitanyanettem Adding to what Sujith's said, STAR MF, honestly, is an archaic platform. It provides a TCP API, which is hard to develop on, and lacks quite a bit of functionality. We interface with STARMF using CSV uploads/downloads (tons of manual work. We have a whole team dedicated to these daily processes).
The Kite Connect MF APIs that you get are a nice abstraction over, what I'd like to call, a grotesque technical quagmire
When Kite Connect API Version 3.0 will be announced and available??
Kindly reply
It will be available with the base package itself. You don't have to pay extra for mutual funds API.
Yes, we use BSE Star MF in the backend. They don't have JSON like APIs and they don't have reports in API format. We do all of this at our end and provide JSON APIs.
Our APIs include placing Order, placing SIP, fetch Order, SIP, and Holdings.
You can check out the documentation for more details about API.
The Kite Connect MF APIs that you get are a nice abstraction over, what I'd like to call, a grotesque technical quagmire