Zerodha Coin Review - Features, Charges, Pros & Cons

Published on Monday, February 3, 2020 by Chittorgarh.com Team | Modified on Thursday, April 8, 2021

Zerodha is a leading online discount broker in India. Zerodha is the first broker to offer investing in Direct Mutual Funds through its platform 'Zerodha Coin'. The Coin platform is available on the web as well as the Mobile App (Andriod & 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 amongst many others. Investors can invest in a range of different types of mutual funds like-

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

To use the Coin platform, a demat account with Zerodha is mandatory as all the Mutual fund units will be credited in the Zerodha demat account. This brings Zerodha customers the convenience to trade in stocks, currencies, derivatives, and mutual funds from one account and also hold it on a single Demat account.

Key Features:

1. Allows investors to buy and sell mutual fund directly through AMC without paying any commission
2. All the Mutual Fund are held in Zerodha demat account, so investors have one portfolio across equity, MF, currency, etc.
3. Easy to Start, Stop, or Modify your SIP investment any time you want
4. Single capital gain statement for different investment entities
5. Completely online services

Zerodha Coin Pros & Cons

Zerodha Coin Pros

Investing in mutual funds using Zerodha Coin provides you with a range of benefits including-

1. It's absolutely free so no commission charged on your investment
2. It provides facility to buy Mutual Funds directly from 40+ Asset Management Companies (AMC)
3. Facility for both, lump sum and SIP investments
4. Get good control over your SIP plan. Increase or lower your SIP investment amount as per your need
5. Invest online at your convenience
6. One trading account used to invest in multiple securities
7. All your investments like stocks, bonds and mutual funds are held in one Demat account

Zerodha Coin Cons

Zerodha coin suffers from a couple of disadvantages like- 

1. You need to mandatorily open a demat account with Zerodha to be able to invest in mutual funds.
2. Zerodha doesn't offer mutual fund recommendations or research which may make it difficult for beginners to choose the right fund.

How to invest in Zerodha mutual funds?

Investing in mutual funds with Zerodha is simple, easy and fast. Here are steps to buying mutual funds from Zerodha Coin-

1. Login to the Coin platform. On the home page, go to the search bar available at the top of the page and type the name of your fund or fund house.
2. On the fund page, click on 'Direct SIP'.
3. In the order window, enter your investment details. Enter initial investment, frequency, installment and the total number of installments. Click on 'Start SIP' and 'confirm'.

Zerodha Coin Charges

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

Zerodha Coin Customer Care

You can reach out to Zerodha Coin Customer Care for any assistance in mutual fund investments. You can call Zerodha Coin Customer Care on +91 80 4040 2020 or 080 6620 2020 in the working hours for any issue.

For account opening with Zerodha, you can contact on 080 4913 2020 or 080 6666 2020 in the working hours.

Conclusion

Zerodha Coin is 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.

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