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Zerodha Coin Review - Features, Charges, Pros & Cons

Published on Monday, February 3, 2020 by Chittorgarh.com Team | Modified on Tuesday, September 14, 2021

Zerodha Account Opening

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Zerodha Coin Review - Features, Charges, Pros & Cons

Zerodha is a leading online discount broker in India. Zerodha is the first broker to offer Direct Mutual Funds through its platform 'Zerodha Coin'. The Coin platform is available on the web as well as the Mobile App (Android & iOS) version, free of charge to all Zerodha customers.

Zerodha Coin offers investors direct mutual funds from several reputed Asset Management Companies. You have all popular AMCs like Axis Mutual Fund, BNP Paribas, DSP, and Edelweiss and many others. Investors can invest in a range of different types of mutual funds as per below:

  • Equity/Debt/Liquid or Hybrid Funds
  • Large /Mid/Small Cap Funds
  • ELSS (Equity Linked Savings Schemes)
  • Fund Of Funds

A Demat account with Zerodha is mandatory to use the Coin platform to get the credit of all the Mutual fund units to the Zerodha Demat account. It makes it convenient for Zerodha customers to trade in stocks, currencies, derivatives, and mutual funds from one trading account and hold it on a single Demat account.

Zerodha Coin Features

  1. Allows investors to invest in Direct mutual funds.
  2. Easy to Start, Stop, or Modify your SIP investment any time you want.
  3. Provides consolidated statement with visualizations, profit and loss and much more.
  4. Completely online services.
  5. Easy and simple navigation.
  6. e-Mandate facility available.

Zerodha Coin Charges

Zerodha offers Direct Mutual Fund investment services for free. The Zerodha Coin mutual fund charges are zero. Here is the detail of the charges:

Head

Charges

Zerodha Coin Account Opening Fees

Zero

Zerodha Coin AMC Fees

Zero

Zerodha Coin Brokerage Charges

Zero

Zerodha Coin Commission

Zero

Zerodha Coin DP Charges

Zero

Other Charges

No Hidden Charges


Zerodha Coin Account Opening

You need to have a trading and Demat account with Zerodha to access Zerodha Coin. Zerodha offers online and paperless account opening. You can also download the account opening forms from the Zerodha website and submit the physical copies of duly filled forms and documents to the Zerodha Head office. Click here to read the details on Zerodha Account Opening.

Note: You do not require a separate account for mutual funds. A trading and Demat account with Zerodha by default allows you to access Zerodha Coin.


Zerodha Coin Login

Zerodha Coin login is the same as of Zerodha Kite. There is no separate login ID for Zerodha Coin. You need to enter the same Zerodha login ID and credentials as required for Zerodha Kite.

The login credentials are provided over email post the account gets opened with Zerodha.


Zerodha Coin App

Zerodha offers to invest in mutual funds via Coin web and Coin mobile app. Zerodha Coin is a proprietary platform for mutual fund investments. The Coin mobile app supports Android and iOS systems (iPhone and iPad both).

The Coin app is available for free on the Google play store and App store.

Steps to download Zerodha Coin App

  • Visit Google play store/ App store.
  • Search for 'Coin by Zerodha'.
  • Click on Install to download the app.
  • Login with Zerodha Kite credentials to invest.

Zerodha Coin cut-off time

The Zerodha cut-off time for mutual fund orders is an hour earlier than the SEBI cut-off time.

Zerodha Coin timings

Fund Type

Liquid and Overnight Schemes

All other funds

Zerodha Coin Purchase/Buy Cut-off

12.00 PM

1.30 PM

Zerodha Coin Redemption/Sell Cut-off

1.30 PM

1.30 PM


Zerodha Coin order processing

Investing in mutual funds with Zerodha is simple, easy and fast. Zerodha Coin allows SIP and lumpsum investment.

Steps to buy mutual funds from Zerodha Coin

  1. Login to the Coin platform.
  2. Look for the search bar available at the top of the page.
  3. Type the name of desired fund or fund house.
  4. Click on Buy for lumpsum investment and SIP for SIP investments.
  5. Enter the investment details as per selected option.
  6. For lumpsum (buy) investment, enter the Investment amount.
  7. For SIP investment, enter/select:
    1. Frequency of investment.
    2. Instalment amount.
    3. Automatic set-up (optional in case you wish to increase your investment amount each time by specific %)
  8. Click on Buy for lumpsum options and Start SIP for SIP investments.

Steps to Buy Mutual Funds in Zerodha Coin


Steps to SIP Mutual Funds in Zerodha Coin


Zerodha Coin demo

Zerodha Coin Steps to Buy Mutual Funds


Zerodha Coin Pros & Cons

Zerodha Coin Benefits

Investing in mutual funds using Zerodha Coin provides you with a range of benefits listed below:

  1. Unlimited free investments with no commission charged on your investment.
  2. Facilitates to buy Mutual Funds directly from 40+ Asset Management Companies (AMC).
  3. Allows lump sum and SIP investments.
  4. Allows to increase or lower your SIP investment amount as per your need.
  5. Invest online at your convenience.
  6. One trading account with Zerodha offers to invest in multiple securities.
  7. All investments like stocks, bonds and mutual funds get held in one Demat account.

Zerodha Coin Disadvantages

Zerodha coin suffers from a couple of disadvantages like,

  1. A Demat account with Zerodha is mandatory for mutual fund investments.
  2. Zerodha does not provide mutual fund recommendations or research services. Thus, difficult for beginners to choose the right fund.
  3. Early cut-off time for buying and redemption of mutual funds.

Zerodha Coin Customer Care

Zerodha does not have a separate customer care support for Coin. You can reach out to Zerodha support for any assistance in reference to mutual fund investments. Alternatively, you can also raise a ticket through the Zerodha support portal using the Zerodha Kite login.

Zerodha Coin Support (Zerodha Support Contact)

  1. For general queries : 080 4718 1888 / 1999; 080 7190 9543 / 9545
  2. For account opening : 080 4719 2020 / 080 7117 5337

Zerodha Coin e-Mandate

Zerodha Coin provides an e-Mandate facility to its customers that allow investors to fund their SIPs on time without the need to remember to transfer manually on the SIP scheduled date.

Zerodha Coin's e-Mandate feature allows investors to schedule automatic transfers from their bank account for their SIPs in two simple steps.

(i) Register an e-mandate on Console for the bank account linked with your Zerodha account.

(ii) Schedule transactions to automate fund transfer for the SIP.

To register for an e-mandate, your bank should support NACH e-mandates.


Zerodha Coin Exit Load

The exit load is the penalty levied by the fund houses if an investor exits/redeems the mutual fund early or within the specified time frame. The exit load charges differ from fund to fund. Some funds do not have any exit load.

Zerodha Coin displays the Exit Load for each fund on the fund detail page. For example, if a fund has an exit load of 1%, then on early redemption, 1% of the latest NAV gets deducted from your redemption amount.


Zerodha Coin NFO

Zerodha offers to apply online in NFO through the Zerodha Coin website. Currently, the NFO application feature is not available in Zerodha Coin mobile app. Zerodha is working on the NFO order placement feature to be added soon to the Coin app.

Click here to read more about Zerodha NFO.


Conclusion

Zerodha Coin is safe and an excellent online platform to invest in direct mutual funds. Zero commission and charges in Zerodha Coin help investors earn more (up to 1.5%) than in regular mutual funds. The platform also allows Zerodha customers to consolidate all their investments in one place or Demat account and manage it easily.


Read more about Zerodha


Zerodha Special Offers

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

This is a limited-time offer. Open Instant Zerodha Account online and start trading today.

Frequently Asked Questions

  1. 1. What is Zerodha Coin?

    Zerodha Coin is one of India's largest mutual fund platforms offered by Zerodha, India's No. 1 broker, offering direct mutual funds.

    Zerodha Coin offers brokerage-free and commission-free mutual fund investments from across 40+ Asset Management Companies. You need to have a Demat account with Zerodha to access Zerodha Coin.

    Zerodha Coin is available on the web and the mobile app. Zerodha Coin app supports Android and iOS systems.

     

  2. 2. What is Zerodha coin charges?

    Zerodha Coin Charges

    Zerodha Coin offers free mutual fund investments.

    Head

    Charges

    Zerodha Coin Account Opening Fees

    Zero

    Zerodha Coin AMC Fees

    Zero

    Zerodha Coin Brokerage Charges

    Zero

    Zerodha Coin Commission

    Zero

    Zerodha Coin DP Charges

    Zero

    Other Charges

    No Hidden Charges

     

  3. 3. Is Zerodha Coin safe?

    Zerodha Coin is very safe for mutual fund investments as the mutual fund holdings in Zerodha are held in the Demat account held with CDSL. Zerodha is a facilitator for providing Demat services and has no ownership of the securities held in the Demat account. You are the absolute owner of your holdings.

    Moreover, Zerodha is an AMFI registered mutual fund distributor and a SEBI registered broker offering commission-free mutual funds with all required certifications for conducting mutual fund business.

     

  4. 4. Which is better Zerodha Coin or Groww?

    Zerodha Coin and Groww both are direct mutual fund platforms offering. Below are the differences:

    Zerodha Coin Vs Groww

    Zerodha Coin

    Groww

    Demat Account mandatory.

    Demat account not mandatory.

    Free MF account opening.

    Trading and Demat account opening: Rs 200

    Free account opening.

    NFO feature only on Coin web.

    NFO feature available both on web and mobile app.

    No facility to switch regular mutual funds to Direct mutual funds

    Facility to switch to Direct mutual fund available

     

  5. 5. Is Zerodha coin good for mutual funds?

    Zerodha Coin is a good choice for mutual funds as Zerodha offers:

    • Brokerage-free and Commission free Direct mutual fund investments.
    • No account opening charges.
    • No AMC fees.
    • No DP charges.
    • Facility to apply online through Coin web and mobile app.
    • Allows lumpsum or SIP investment.
    • E-Mandate facility.
    • MF holdings credited in Demat account.

     

  6. 6. How is Zerodha Coin?

    Coin by Zerodha is an excellent mutual fund platform offering direct mutual fund services.

    Zerodha Coin Features:

    • Offers Direct mutual funds that allow an extra earning of 1-1.5%
    • Mandatory Demat account for mutual fund investments.
    • Safe as MF units are held in Demat account with CDSL.
    • Easy, quick, and simple buy/sell process.
    • Offers MF from across 40+ AMCs.
    • Offers Lumpsum as SIP investments.

     

  7. 7. Is Zerodha Coin direct mutual fund?

    Yes, Zerodha Coin is a direct mutual fund platform that allows investors to buy/sell mutual funds directly from AMC.

    Zerodha does not offer regular mutual funds.

     

  8. 8. How to activate Zerodha Coin?

    Zerodha Coin gets activated automatically if you already have a Zerodha Demat account. You are not required to take any separate action.

    It takes up to 24 hours for Zerodha Coin to get activated post the account gets opened.

    However, if your account is dormant, you need to complete Re-KYC to reactivate Coin on your profile.

     

  9. 9. How to use Zerodha Coin app?

    Zerodha Coin app is available for free on Google Play Store and App Store. Zerodha Coin app supports Android and iOS systems and thus can be used on Android smartphones, iPhones, and iPad.

    Steps to use the Zerodha Coin app:

    • Go to Google PlayStore/AppStore.
    • Type Coin By Zerodha
    • Click on Install.
    • Log in using your Kite credentials to start using Zerodha Coin.

     

    To access Zerodha Coin web, visit https://coin.zerodha.com/

     

  10. 10. How to open Zerodha coin account online?

    You need to open Zerodha trading and Demat account to access Zerodha Coin account.

    Zerodha Coin Online Account Opening Process:

    1. Visit the Zerodha website and sign-up with your mobile number.
    2. Enter the 6-digit OTP received on your mobile number and click on Confirm.
    3. Verify your email id by entering 6-digit OTP received on your email id.
    4. Enter your PAN No. and Date of Birth. Click on accept and continue.
    5. Pay the account opening fees.
    6. Sign in to your Digilocker account and allow Zerodha to access your Aadhar details.
    7. Enter your bank account details and background information.
    8. Read all the instructions and tick all the checkboxes and continue.
    9. Complete the online In-Person verification (IPV).
    10. Upload PAN, Aadhar card, cancelled cheque, signature photo proof, and Income proof (required only for derivatives trading)
    11. Complete E-sign with Aadhar.
    12. Enter your security code to verify your Email ID.
    13. Review the account opening form and click on Sign Now.
    14. Enter your Aadhar No. and the OTP and click on Submit to complete the online account opening process.

     

    You will get an email confirmation once the account gets opened. It takes about 24 hours for Zerodha Coin to get activated on your profile post the Zerodha account gets opened.

     

  11. 11. Is Zerodha Coin completely free?

    Yes, there is no commission or brokerage charged on buying Mutual Funds with Zerodha. Zerodha customer can buy mutual funds online directly from 40+ asset management companies.

     

  12. 12. How to sell mutual funds in Zerodha Coin?

    Zerodha offers an easy, fast, and hassle-free process to sell mutual funds through Zerodha Coin web or mobile app.

    Steps to sell/redeem mutual funds in Zerodha Coin:

    1. Log in to Zerodha Coin using Kite credentials.
    2. Go to 'Mutual funds' tab to view the list of mutual funds holding.
    3. Select the fund you want to sell & click on 'Redeem'.
    4. Tick on 'redeem all units' or specify the number of units you want to redeem.
    5. Click on 'Redeem'.

    The settlement timeline for each fund is different. Thus, the sell proceeds get credited as per the settlement time mentioned on the redemption window.

     

  13. 13. Does Zerodha charge Exit Load?

    Exit Loads are the penalties imposed on customer for premature withdrawals or redemption. The exit load rates vary from fund to fund. You can get the detail on the particular fund's page on Zerodha Coin.

     

  14. 14. How can I buy mutual fund in Zerodha?

    To invest in Mutual fund with Zerodha Coin, Customer needs Zerodha Mutual Fund account along with Zerodha Demat account. Customers can log in to Coin and place buy or sell order of mutual fund. The login credentials are the same as Zerodha Kite.

     

  15. 15. Does Zerodha offer lump sum and SIP investments?

    Yes, Zerodha offers their customer the choice to invest in both, one-time investment (lump sum payment) or systematic investment plan (SIP).

    Systematic Investment Plan (SIP) allows you to systematically invest in a fund instead of lump sums. You can start with a fixed amount and invest weekly, monthly, and quarterly. Most mutual fund SIPs start at a minimum of Rs 500 per month.

     

  16. 16. Does Zerodha coin charge for mutual funds?

    No, Zerodha Coin does not levy any charges for mutual funds.

    Zerodha Coin Charges for Mutual Funds

    Head

    Charges

    Zerodha Coin Account Opening Charges

    Zero

    Zerodha Mutual Fund AMC Fees

    Zero

    Zerodha Mutual Fund Brokerage

    Zero

    Zerodha Mutual Fund Commission

    Zero

    Zerodha Mutual Fund DP Charges

    Zero

    Other Charges

    No Hidden Charges

     

  17. 17. Is Coin by Zerodha free?

    Yes, Coin by Zerodha is a free mutual fund investment platform providing brokerage-free direct mutual fund services.

    Zerodha Coin Fees

    Head

    Charges

    Account Opening Charges

    Rs 0 (Free)

    AMC Charges

    Rs 0 (Free)

    Brokerage Charges

    Rs 0 (Free)

    Commission

    Rs 0 (Free)

    Demat Charges

    Rs 0 (Free)

    Other Charges

    No Hidden Fees

     

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1 Comments

1. Shareprince  Feb 4, 2021 15:07 I Like It. | Report Abuse Reply
Always check the units you are receiving from zerodha/ coin. I noticed that they silently alotted less number of units by increasing the purchase NAV to the higher value. When I questioned how come the NAV is different from all other sites, they bluntly said it was an error in their backend so they delayed the alotment by one day causing higher purchase NAV; hence less number of units thn what you paid for. Pathetic. If their backend system supposedly has an error why the investor should suffer!! Also, they hushed this completely!! Be vigilant with them!!! So it is not free after all. Not sure if it is happening with me or they are doing this silently for others as well. If you have an SIP for 1st Feb 2021, you can check what was your purchase NAV stated by zerodha/ coin!