Published on Monday, December 31, 2018 by
Zerodha is a leading online discount broker in India. Zerodha also offers Mutual Fund investments to its customer through its platform 'Zerodha Coin'. This brings Zerodha customers the convenience to trade in stocks, currencies, derivatives, and mutual funds from one account. And manage it from a single Demat account.
Mutual fund investment is a key offering from Zerodha. Zerodha offers direct mutual funds though its Coin platform.
7 reasons why you should buy Mutual Funds from Zerodha Coin:
Zerodha Coin lets you buy mutual funds online directly from asset management companies. There's no commission charged on buying Mutual Funds. Customers who buy from Zerodha can save up to 1.5% and 1% in annual commissions.
Customers can buy Mutual Funds from Zerodha free of cost. There are no charges on investing in Mutual Funds at Zerodha Coin platform.
Exit Loads are penalties charged by the Asset Management Companies. Exit Load is a way to discourage investors from premature withdrawals or redemption. The exit load rates vary from fund to fund. also, not all funds charge exit load. You can find the exit load info on the scheme related document. It is also available on the particular fund's page on Zerodha Coin.
Systematic Investment Plan or SIP allows you to systematically invest in a fund. You can start with a fixed amount and invest weekly, monthly, and quarterly. Most mutual fund SIPs start at minimum ₹500 per month.
SIP offers many benefits to investor's like:
There are no charges on investing through Zerodha. This can help you save up t0 1.5% annually on charges and commissions when compared with other platforms.
Zerodha doesn't provide SIP in stocks directly through its investment platform kite or coin.
But this feature is available though a Zerodha official add-on Sentinel. With Sentinel, you can now create and trigger basket orders based on conditions. You can also invest systematically (SIP) in stocks, ETFs with SIP alerts. Note that Sentinel is a paid add-on by Zerodha.
Zerodha customers can invest in Mutual Funds using Zerodha Coin website.
In 2017, Zerodha launched the 'Coin' Mutual Fund platform. The platform offers Zerodha customers access to over 2000 funds. And no commission is charged on investing in these funds. The platform provides access to funds from all popular Mutual Fund companies. But, there are a few things you should know before investing in Zerodha Coin
Mutual fund SIP is the best way to invest in equity markets. It is especially useful for those who are new to markets and lack the expertise to select the right stocks. Such people can invest in Mutual Fund SIP with a small amount and gain the benefits of investing in equity.
Mutual Funds SIP also saves investors from timing the market. As you invest over a long period of time, your investments in the market up and down conditions average out. You buy more units with the same fund when markets are down and buy fewer units when markets are up. So, over a period of time, your investments balance out.
Mutual Fund SIP is also useful for people who -
Click here to request a callback from Zerodha for account opening.
Zerodha doesn't collect ECS/NACH mandate for SIP auto debits from bank accounts. So, the auto debit facility is not available with Zerodha Coin. It utilizes the funds available in your trading account to pay for your SIP.
To automate the SIP payments for your Mutual Funds on Coin, you can set standing instructions at your bank to credit a particular sum on a particular date every month to your Zerodha trading account.
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