Press the 'SAUTE' button. Once it is hot, add coconut oil. Add the chopped onions, and sauté until translucent.
Then add minced ginger and garlic, sauté until aromatic.
Next, add the diced carrots and potatoes, along with salt, white pepper, and coconut or brown sugar. Sauté for a minute.
Add the broth and bay leaf, give everything a good mix.
Press /CANCEL', close the lid of the Instant Pot with the valve on 'SEALING' position. Press the manual or pressure cook button and pressure cook on high for 6 minutes. It will take some time for the pressure to build up, (about 10 minutes) after which the timer will start.
Let the pressure release gradually for about 5 minutes. Turn the knob to 'VENTING' to release any leftover pressure by doing a quick release.
Once the silver pin drops, open the lid and discard the bay leaf. Blend the contents in the pot until smooth, using an immersion blender. Or let it cool down a little and puree the soup in a blender in batches.
Add the coconut cream and ground nutmeg. Give it a good stir, check for seasonings and adjust with more salt and pepper if required.
Dish out the soup in serving bowls, and garnish with soup toppings like cream, croutons, nuts, seeds, herbs, etc or anything of your choice.