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Zerodha Coin Review - Features, Charges, Pros & Cons

Published on Monday, February 3, 2020 by Team | Modified on Monday, May 20, 2024

Zerodha Coin Review - Features, Charges, Pros & Cons

Zerodha Account Opening

Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.

Zerodha is a leading stock broker in India. Zerodha is the first broker to offer direct investment funds through its platform Zerodha Coin. The Coin platform is available free of cost to all Zerodha customers both on the web and via the mobile app (Android & iOS).

Zerodha Coin offers investors direct investment funds from several renowned asset management companies.

Coin is a platform that allows you to buy investment funds online directly from asset management companies without incurring any commissions. All your investment funds, shares, currencies, bonds and other investments are stored in your Demat account and can be accessed from a single location.

Investors can invest in several different types of investment funds through Zerodha Coin, as listed below:

  • Equity investment funds
  • Bond funds
  • Hybrid mutual funds
  • Solution-oriented mutual funds
  • Fund of funds or index funds

A demat account with Zerodha is mandatory to use the coin platform and to receive credit for all investment fund units in the Zerodha demat account. This allows Zerodha customers to conveniently trade stocks, currencies, derivatives, and mutual funds from a single trading account and hold them in a single demat account.

Zerodha Coin Features

  • Investment opportunities: Investors can invest in direct mutual funds of over 40 AMCs, including HDFC, Axis and DSP. They can also invest in government bonds, treasury bills and government development loans (SDLs).
  • Investment forms: Investors can choose between two investment forms: SIP or Lumpsum.
  • SIP functionality: With the step-up feature, investors can automatically increase their SIP contribution by a certain percentage.
  • Fund comparison: Investors can compare one mutual fund with another.
  • Fund house investments: Investors can view the sectors and companies in which a fund house invests.
  • Automated fund transfers: Investors can create automated fund transfers through e-mandates to fund their SIP instalments.
  • Investment Tracking: Investors can closely track and monitor their investment portfolio, fund performance and current net asset value.
  • Consolidated statements: Investors receive consolidated statements with visualisations, profit and loss statements and much more.

Zerodha Coin Charges

Zerodha offers free direct investment services for mutual funds. The Zerodha Coin investment fund fees are zero. Here is the detail of the fees:



Zerodha Coin Account Opening Fees


Zerodha Coin AMC Fees


Zerodha Coin Brokerage Charges


Zerodha Coin Commission


Zerodha Coin DP Charges


Other Charges

No Hidden Charges

Zerodha Coin account opening

You need a trading and demat account with Zerodha to access Zerodha Coin. Zerodha offers online account openings.

Please note that you do not need a separate account for mutual funds. A trading and demat account with Zerodha gives you access to Zerodha Coin by default.

Steps to open a Zerodha Coin account

  1. Visit the Zerodha website and enter your phone number.
  2. Enter the 6-digit OTP that you have received via your mobile number and click Confirm.
  3. Verify your email ID by entering the 6-digit OTP received on your email ID.
  4. Enter your PAN no.
  5. Pay the account opening charges (Rs 200 or free for people under 25 age)
  6. Finish application form.

Zerodha Coin Login

The Zerodha Coin login is the same as that of Zerodha Kite online trading account. There is no separate login ID for Zerodha Coin. You must enter the same login ID and credentials that are required for Zerodha Kite.

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

To log in to Zerodha Coin follow the below steps:

  • Open Zerodha Coin Login.
  • Click on Login and enter the user name.
  • Add a password and access Zerodha Coin.

Note: If you are using a web platform to log in, add the OTP you receive from your cell phone in the Kite app after entering the password.

Zerodha Coin app

Zerodha offers the opportunity to invest in mutual funds via the Coin Web and the 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).

The Coin app is free on the Google Play Store and App Store.

Steps to download the Zerodha Coin App

  1. Visit Google play store/ App store.
  2. Search for 'Coin by Zerodha'.
  3. Click Install to download the app.
  4. Sign in with 'Zerodha Kite' credentials to invest.

Zerodha Coin cut-off time

Fund Type

Liquid and Overnight Schemes

All other funds

Zerodha Coin Purchase/Buy Cut-off

1.30 PM

3:00 PM

Zerodha Coin Redemption/Sell Cut-off

3:00 PM

3:00 PM

Zerodha Coin order processing (Lumpsum & SIP)

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

1. Steps to invest in Lumpsum in Zerodha Coin

  1. Open an account with Zerodha.
  2. Login to Zerodha Coin platform (website or mobile app).
  3. Look for the search bar at the top of the page.
  4. Enter the name of the desired fund or fund house.
  5. Select the fund. For a one-time investment (purchase), enter the investment amount.
  6. Select or deselect conditional orders
  7. Set up automatically (optional if you want to increase your investment amount by a certain percentage each time)
  8. Click on Buy for lump sum options Click on Invest and then on Pay now
  9. Make the payment using UPI or Net Banking.
  10. Click to continue.

2. Steps to SIP in Zerodha Coin

  1. Open an account with Zerodha.
  2. Login to Zerodha Coin platform (website or mobile app).
  1. Click on Mutual funds on the dashboard.
  2. Click on Explore.
  3. Select the fund you wish to invest in and click SIP.
  4. Select a Mandate or None will be displayed by default.
  5. Enter the initial investment amount along with the instalment amount.
  6. Choose the frequency of selection which can be weekly, every 15 days, monthly or quarterly.
  7. Click on Create SIP.
  8. Please click on the Confirm button to finalise your payment.

Zerodha Coin demo

Zerodha Coin Pros & Cons

1. Zerodha Coin Benefits

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

  • Unlimited free investments with no commissions for your investments.
  • A dedicated platform for direct investments in mutual funds
  • With the step-up SIP feature, SIP amounts can be automatically increased by a predefined percentage. Free with zero commission, brokerage and costs
  • SIPs can be customised and changed at will.
  • Invest in direct mutual funds from over 40 AMCs and access 2200 funds.
  • Start, pause or stop SIPs online whenever you want.
  • A consolidated statement that includes a P&L, visualisations and more.
  • An investment in the DEMAT format is advisable to simplify and facilitate the application process.
  • Purchase or redemption of funds based on the NAV level you set.
  • Access multiple direct mutual funds from different AMCs in a single account
  • With one trading account with Zerodha, you can invest in multiple securities.
  • Available for Android and iPhone users.

2. Zerodha Coin Disadvantages

Zerodha coin suffers from a couple of disadvantages:

  • A Demat account with Zerodha is required to invest in mutual funds.
  • Zerodha does not offer mutual fund recommendations or research services. Therefore, it is difficult for beginners to find the right fund.
  • Early cut-off time for purchase and redemption of mutual funds.

Zerodha Coin Customer Care

Zerodha does not have a separate customer service for Coin. Investors can contact Zerodha support if they need help investing in investment funds. Alternatively, you can also create a ticket via the Zerodha support portal using the Zerodha kite login.

Zerodha Coin Support (Zerodha Support Contact)

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

Zerodha Coin e-Mandate

Zerodha Coin offers its customers an e-mandate feature that allows investors to fund their SIPs on time without having to remember to transfer manually on the scheduled SIP date.

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

  1. Register an e-mandate on the console for the bank account linked to your Zerodha account.
  2. Schedule transactions to automate fund transfers for the SIP.

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

Zerodha Coin Exit Load

The exit load is the penalty charged by the fund houses if an investor exits or redeems the mutual fund prematurely or within a certain time. The exit load vary from fund to fund. Some funds do not have any exit load

Zerodha Coin displays the exit load for each fund on the fund details page. For example, if a fund has an entry charge of 1%, 1% of the last net asset value will be deducted from your redemption amount in the event of an early redemption.

Zerodha Coin NFO

Zerodha offers the possibility to apply for the NFO online via the Zerodha Coin website. Currently, the NFO application feature is not available in the Zerodha Coin mobile app. Zerodha is working on integrating the NFO application feature into the Coin app soon.

Read more at Zerodha NFO explained.


Zerodha Coin is a secure and excellent online platform for investing in direct mutual funds. By eliminating commissions and fees with Zerodha Coin, investors can earn more (up to 1.5%) than with regular mutual funds. The platform also allows Zerodha customers to consolidate and easily manage all their investments in one place or a demat account.

Zerodha Special Offer

Free stock trading and mutual funds

  • Free account opening for all people.
  • Brokerage-free share delivery trades 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 an 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.



    Zerodha Coin Account Opening Fees


    Zerodha Coin AMC Fees


    Zerodha Coin Brokerage Charges


    Zerodha Coin Commission


    Zerodha Coin DP Charges


    Other Charges

    No Hidden Charges



  3. 3. Is Zerodha Coin safe?

    Zerodha Coin is very safe for investment in mutual funds as the holdings of mutual funds in Zerodha are held in the demat account with CDSL. Zerodha is an intermediary for providing demat services and has no ownership of the securities held in the Demat account. You are the absolute owner of your holdings.

    Further, Zerodha is an AMFI-registered mutual fund distributor and a SEBI-registered broker offering commission-free mutual funds and has all the required certifications for carrying out mutual fund transactions.



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

    Zerodha Coin Vs Groww

    Zerodha Coin and Groww both are direct mutual fund platforms offering you to buy mutual funds online directly from asset management companies without incurring any commissions.

    Zerodha Coin


    A Demat Account is mandatory.

    A demat account is not mandatory.

    Free MF account opening.

    Trading and Demat account opening: Rs 200

    Free account opening.

    NFO feature only on Coin web.

    The NFO feature is available both on the 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 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 a Demat account with CDSL.
    • Easy, quick, and simple buy/sell process.
    • Offers MF from across 40+ AMCs.
    • Offers lump sum 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 iPads.

    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 the Zerodha Coin web.



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

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

    Zerodha Coin Online Account Opening Process:

    • Visit the Zerodha website and sign up with your mobile number.
    • Enter the 6-digit OTP received on your mobile number and click on Confirm.
    • Verify your email ID by entering the 6-digit OTP received on your email ID.
    • Enter your PAN No. and Date of Birth. Click on accept and continue.
    • Pay the account opening fees.
    • Sign in to your Digilocker account and allow Zerodha to access your Aadhar details.
    • Enter your bank account details and background information.
    • Read all the instructions tick all the checkboxes and continue.
    • Complete the online In-Person verification (IPV).
    • Upload PAN, Aadhar card, cancelled cheque, signature photo proof, and Income
    • proof (required only for derivatives trading)
    • Complete E-sign with Aadhar.
    • Enter your security code to verify your Email ID.
    • Review the account opening form and click on Sign Now.
    • 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 is 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 the Zerodha Coin web or mobile app.

    Steps to sell/redeem mutual funds in Zerodha Coin:

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

    The settlement timeline for each fund is different. Thus, the sale proceeds get credited as per the settlement time mentioned in 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?

    Zerodha Coin Charges for Mutual Funds

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



    Account Opening Fees

    Rs 0 (Free)

    AMC (Coin)

    Rs 0 (Free)

    AMC (Demat Account)

    Rs 300 per year


    Rs 0 (Free)

    Demat Transaction Charges

    Rs 0 (Free)



  17. 17. Is Coin by Zerodha free?

    Yes, Coin by Zerodha is a free mutual fund investment platform that offers direct mutual fund services with no brokerage fees. Zerodha Coin mutual fund platform is free when you open a trading and demat account with Zerodha. The opening fee for the trading and demat account is Rs 200 (free if you are below 25 years of age).

    Zerodha doesn't change annual maintenance charges (AMC) for the Coin platform, but the customer has to pay Rs 300 per year for the demat account AMC which is required to use Coin.

    Zerodha doesn't change brokerage fees and also doesn't take commission on fund transactions.



  18. 18. What is Zerodha Coin app?

    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 and commission-free investments in mutual funds from more than 40+ asset management companies. You need to have a demat account with Zerodha to access Zerodha Coin.

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



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1. Shareprince   I Like It. |Report Abuse|  Link|February 4, 2021 3:07:21 PMReply
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!