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Published on Monday, February 3, 2020 by Chittorgarh.com Team | Modified on Tuesday, September 14, 2021
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:
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
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 |
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 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 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.
The Zerodha cut-off time for mutual fund orders is an hour earlier than the SEBI cut-off time.
|
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 |
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
Zerodha Coin Benefits
Investing in mutual funds using Zerodha Coin provides you with a range of benefits listed below:
Zerodha coin suffers from a couple of disadvantages like,
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)
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.
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 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.
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 Streak Review - Algo Trading for Retail Investors NFO (Nifty Futures & Options) in Zerodha GTT in Zerodha Kite (Zerodha GTT guide) Direct Mutual Funds Explained (Meaning, Charges & Taxation)This is a limited-time offer. Open Instant Zerodha Account online and start trading today.
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.
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 |
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.
Zerodha Coin and Groww both are direct mutual fund platforms offering. Below are the differences:
|
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. |
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No facility to switch regular mutual funds to Direct mutual funds |
Facility to switch to Direct mutual fund available |
Zerodha Coin is a good choice for mutual funds as Zerodha offers:
Coin by Zerodha is an excellent mutual fund platform offering direct mutual fund services.
Zerodha Coin Features:
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.
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.
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:
To access Zerodha Coin web, visit https://coin.zerodha.com/
You need to open Zerodha trading and Demat account to access Zerodha Coin account.
Zerodha Coin 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.
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.
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:
The settlement timeline for each fund is different. Thus, the sell proceeds get credited as per the settlement time mentioned on the redemption window.
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.
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.
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.
No, Zerodha Coin does not levy any 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 |
Yes, Coin by Zerodha is a free mutual fund investment platform providing brokerage-free direct mutual fund services.
|
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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