Zerodha Mutual Fund Review


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Zerodha offers Direct Mutual Funds through the Zerodha Coin platform. Customers can use the Coin website or Mobile App to invest in Mutual Funds. Zerodha doesn't charge any commission for investing in Mutual Funds.

Zerodha launched the Coin platform for direct mutual fund investment in April 2017. By investing in direct mutual fund schemes, investors can save significantly on commission paid as against buying regular mutual funds. Zerodha also allows customized SIP plans. Zerodha Coin is completely free as there are no account opening, subscription or brokerage fees. Zerodha Coin offers mutual funds from 40+ Asset Management Companies.


Zerodha Mutual Fund Online Charges

Zerodha offers absolutely free Mutual Fund investment with no brokerage to customers and no commission from AMCs. They offer direct mutual funds only where the broker doesn't get any commission from the AMCs.

Most of the mutual fund distributors (brokers) get 1% and 1.5% commission every year. In case of a direct mutual fund, this amount is directly passed on to customers resulting in a higher return.

There are no separate Zerodha coin charges for SIP.

Zerodha Coin Charges

Zerodha offers Mutual Funds for free in all respect. Here is the detail of the charges:

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


Zerodha Mutual Fund Account Opening

When you open a trading account with Zerodha, access to the Mutual Fund investment platform Coin is automatically activated.

Once the account is opened, you can download the Coin Zerodha Mobile App from the Google Play and Apple App Store or access the Coin website. The same credentials as Zerodha Kite are used to log in to Coin. After login, you can invest in any direct mutual fund offered by the AMCs.


Zerodha Coin (Mutual Fund Investment Platform)

Zerodha Coin helps an investor invest in a range of funds as per his financial goals and risk appetite. Key features of Zerodha Coin Mutual Fund platform includes:

  • Invest, modify, and pause SIPs anytime with ease and without any hassle.
  • Easy navigations through schemes and fund categories
  • Track your holdings sector-wise or on the weights of underlying securities
  • Invest in ELSS (Equity Linked Savings Schemes) funds to save taxes under section 80C
  • Instant payments through UPI for mutual funds
  • Provide eMandate for SIPs for automated fund transfer
  • Hold your funds in Zerodha Demat Account
  • Short videos on mutual funds explained by their respective fund managers

Zerodha Coin SIP

Systematic Investment Plan (SIP) is a disciplined and scientific way to invest in mutual fund schemes on regular intervals. Through e-Mandate, investors can get a pre-decided amount automatically deducted from their account on each interval (monthly, quarterly, etc).

Zerodha Coin SIP

Steps to start investing in SIP Zerodha

Starting a SIP with Zerodha is simple and easy. Here are steps to start a SIP on Zerodha Coin:

  • Login to Zerodha Coin website or mobile app
  • On the Coin Dashboard, use the search bar and enter the name of AMC or any Mutual Fund
  • You will see direct mutual fund, click on the 'Direct SIP' option
  • Choose the initial investment amount
  • Choose the frequency of the mutual fund SIP as weekly, 15 days, monthly and quarterly.
  • Choose the installment amount to deduct on the interval for SIPs.
  • If you want a particular number of installments or particular installment amount to deduct, choose it.
  • Click on 'Start SIP' and confirm the order.

Note:

  1. To initiate automatic payments for Coin SIP installments, register for the eMandate feature on Console. You need to add a debit card or net banking details for automatically fund transfer.
  2. All SIP orders are sent to the exchange at 1:30 PM on trading days. Orders placed after the 1:30 PM cut off time will be sent for execution on the next trading day.
  3. The mutual fund units will be credited in your demat account T+1 day (1 trading day). For orders placed on Monday before the cut off time (1:30 PM) the units will be allotted to you by Tuesday at the end of the day.

Steps to stop SIP in Zerodha Coin

If for some reason, you want to stop your SIP on Coin, you can do it online. To stop a SIP on Zerodha Coin, you need to take the following steps-

  • Login to Coin and visit dashboard
  • Click on the 'SIP & Conditional' tab to open all the SIPs you have placed
  • Click on 'Delete' icon for the particular SIP
  • It will open a pop-up
  • Click on 'Delete SIP' on the pop-up

Zerodha Coin App Review

Zerodha offers Coin mobile app absolutely free for iPhone and Android Smartphone users. The app allows investment in mutual funds of 40 fund houses. More than 1 lakh customers have subscribed to Coin. More than 4,000 subscribers have rated the app and the average rating is 4.5 on Google Play Store. The mobile app offers you all the features to buy/sell mutual funds and keep a tab on the performance.

Key Features of Zerodha Coin Mobile App:

  • Invest in direct mutual funds in few clicks
  • Easy navigation and categorization to choose the scheme
  • Access the short videos of respective fund managers on the scheme
  • Place order easily and pay through UPI payments
  • Create automated SIP installments through eMandates
  • Invest in SIP or lump sum modes
  • All funds will be auto-credited to your Zerodha demat account

How to download Zerodha Coin App?

Here are the steps to download Coin by Zerodha mobile app:

  • Visit the App Store in your smartphone
  • Type 'Coin by Zerodha' in the search bar and press 'Enter'
  • Click on the first option available
  • Click on the Install button to download the application

After installing Coin Zerodha, log in with trading ID and password.

Coin Zerodha App- Supported Platform/ Devices

The mobile app of Zerodha is available for Android and iPhone users.

1. Coin Zerodha for Android Phone

Zerodha app for android users is available in the Google play store. You can install the app following the process mentioned above and login with your account credentials. You can then start investing in direct mutual funds of your choice with Coin.

2. Coin Zerodha for iPhone

Zerodha Coin is available to download for iPhone users in the iTunes store. They can install the app and login with login ID and password to access the Coin dashboard and buy mutual funds of their choice.

Zerodha Coin Advantages

  • A dedicated direct mutual fund investment platform
  • Invest in direct mutual funds of 40+ AMCs
  • Absolutely Free with Zero commission, brokerage and charges
  • SIP or lumpsum investment mode available
  • Get higher returns by investing in direct mutual funds
  • Start, pause or stop SIPs online anytime and whenever you want
  • View your stocks and mutual fund on a single portfolio
  • Purchase or redeem fund based on NAV level set by you
  • A consolidated statement including visualizations, P&L, and more.
  • Access multiple direct mutual funds from different AMCs in a single account
  • Available for Android and iPhone users

Zerodha Coin Disadvantages

  • No research tips and advisory services available.
  • You need to open a Demat account first for using Coin platform

Zerodha Mutual Fund Customer Care

You can raise a ticket for any query for Coin customer support. To generate a ticket, customers have to first login to the Kite trading platform.

You can also contact Zerodha Executive 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.


Top Mutual Funds with Zerodha Coin

Zerodha has partnered with 40 Asset Management Companies (AMCs) to offer mutual funds. Each AMC has different schemes under various segments such as Liquid Fund, Equity Fund, Short/Long Term Income Fund, Nifty Index Fund, Overnight Fund, ELSS, etc. Based on financial needs, time horizon and risk parameter, the investors can choose any scheme.

Coin from Zerodha offers direct mutual fund where it doesn't charge any commission from the investors.


Zerodha Mutual Fund Companies

  1. Bharti Investment Mutual Funds
  2. Axis Mutual Funds
  3. SBI Mutual Funds
  4. Bank of Baroda Mutual Funds
  5. Aditya Birla Mutual Fund
  6. BNP Paribas Mutual Fund
  7. Canara Robeco Mutual Fund
  8. DSP Mutual Fund
  9. Edelweiss Mutual Fund
  10. Essel Mutual Fund
  11. Franklin Templeton Mutual Fund
  12. HDFC Mutual Fund
  13. HSBC Mutual Fund
  14. ICICI Prudential Mutual Fund
  15. IDBI Mutual Fund
  16. IDFC Mutual Fund
  17. IIFL Mutual Fund
  18. Indiabulls Mutual Fund
  19. Invesco Mutual Fund
  20. ITI Mutual Fund
  21. JM Financial Mutual Fund
  22. Kotak Mutual Fund
  23. L&T Mutual Fund
  24. LIC Nomura Mutual Fund
  25. Mahindra Mutual Fund
  26. Mirae Asset Mutual Fund
  27. Motilal Oswal Mutual Fund
  28. Nippon India Mutual Fund
  29. PGIM India Mutual Fund
  30. PPFAS Mutual Fund
  31. Principal Mutual Fund
  32. Quant Mutual Fund
  33. Quantum Mutual Fund
  34. Shriram Mutual Fund
  35. Sundaram Mutual Fund
  36. TATA Mutual Fund
  37. Taurus Mutual Fund
  38. Union Mutual Fund
  39. UTI Mutual Fund
  40. Yes Mutual Fund

Conclusion

Coin Zerodha App is a good direct mutual fund platform for the investors to save a significant amount of money on commissions charged by other mutual fund distributors for regular mutual fund schemes. Plus, it offers free account opening and zero brokerage. Zerodha Coin gives you access to mutual funds from 40+ AMCs to help you invest as per your financial goals and preferences. Investors who want to invest systematically in a mutual fund can also choose Zerodha Coin SIP. You can hold the Mutual Funds in your Zerodha Demat Account.


About Zerodha

Zerodha is the largest discount broker in India in a number of customers. Founded in 2010, it is a stock broking firm that heavily leverages technology to offers its online services. The company is the fastest growing and one of the cheapest brokers in India.

Zerodha allows trading across Equity, Derivatives, Commodity, Currency, IPOs, Bonds, Government Securities and Mutual Funds. It has a membership with NSE, BSE, MCX, and CDSL.

Zerodha Special Offer

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

Frequently Asked Questions

  1. 1. How is Zerodha for mutual funds?

    Zerodha is the best broker for investing in mutual funds. It offers direct mutual funds at zero commission from AMC and zero brokerage charges. The entire process is online and hassle-free. The mutual funds are credited to your Zerodha demat account.

    As your demat account is with CDSL (Zerodha only service the demat account), your mutual fund holding in demat account are as safe as they with any other broker.

    Investors have the choice to invest in equity, debt and hybrid mutual funds from 40+ AMCs as per their financial goals. SIPs are available to investors who would like to do systematic investment in Mutual Funds with Zerodha.

    Zerodha doesn't provide advisory or tips. This is a big positive as the mutual fund industry is run by agents who advise the customer to earn more commissions for them instead of advising the correct products.

    Discuss this question

  2. 2. Is Zerodha Coin free?

    Zerodha Coin is a commission-free and brokerage free platform. You don't pay any brokerage when you buy or sell mutual funds (MF) through Coin. As Zerodha only offers direct MF, they don't get any commission from AMCs. AMCs pass those savings of 1 to 1.5% per year to customers which results in higher earnings.

    Discuss this question

  3. 3. How does Zerodha Coin work?

    Zerodha Coin is an online investment platform for direct mutual funds. It allows investors to buy mutual funds at zero commission. The direct mutual funds offer additional savings of around 1% yearly.

    If you are interested in opening an account with Zerodha, request a callback

    If you are a Zerodha customer, visit Zerodha.com website to invest in mutual funds.

    Discuss this question

  4. 4. How to buy Mutual Funds in Zerodha Coin?

    To buy mutual funds from Zerodha, you first need to open an account with Zerodha. Once your Zerodha demat account is opened, Zerodha Coin is automatically activated and you're ready to buy mutual funds.

    Steps to open an account in Zerodha

    Steps to place mutual funds order in Zerodha

    1. Login to Coin (using the same id as Kite)
    2. On the dashboard, use the search bar; enter the name of an AMC or a fund.
    3. On the specific fund page, click on the 'Buy' button
    4. On the next screen, check the details and click on 'Confirm & Invest' button

    Discuss this question

  5. 5. How can I sell my mutual fund in Zerodha?

    You can sell or redeem mutual funds in Zerodha Coin online at any point in time. The one-click online redemption is easy, hassle-free and fastest.

    Steps to sell mutual funds in Zerodha

    1. Log in to Zerodha Coin (using the same id as Kite)
    2. Go to Portfolio where all the funds you've invested in are listed.
    3. Select the fund you want to redeem & click on the 'Redeem' button.
    4. On the next screen, choose the number of units you want to redeem
    5. Click on 'Redeem'

    The time for the money to get credited to your trading account is mentioned in the redemption window.

    Discuss this question

  6. 6. Can I invest in SIP through Zerodha?

    Yes, Zerodha offers SIP investment into mutual funds through its mutual fund investment platform Coin. Customers can set up a Systematic Investment Plan (SIP) to buy direct mutual funds online in just a few steps at any time.

    SIP is the way to invest in any scheme regularly without being affected by the market valuations. It helps the investors in the long-term to generate good returns by rupee cost averaging benefit.

    Discuss this question

  7. 7. How can I transfer mutual funds to Zerodha?

    You can transfer regular mutual funds purchased from a distributor to Coin. You can ask your broker for a DIS slip and mention the units to transfer in Zerodha Demat account. After submitting the slip again with the broker, the units get transferred to the Zerodha Demat account within 24 hours.

    Discuss this question

  8. 8. Does Zerodha also offer regular mutual fund?

    No, Zerodha doesn't offer regular mutual funds. It only offers direct mutual funds. Direct Mutual Funds earn around 1 % to 1.5% more every year as AMC doesn't have to pay commission to the broker. These savings are passed on to customers resulting in higher returns than regular mutual funds.

    Similar to regular Mutual funds, direct mutual funds are available in all categories and types.

    Discuss this question

  9. 9. Does Zerodha Coin provide mutual fund recommendations?

    No, Zerodha Coin doesn't provide mutual fund recommendations and advisory tips. It provides an online platform to invest in direct mutual funds. Customers can use its search features to filter and identify the right investment options for them.

    Not providing tips is positive for Zerodha as other mutual fund distributors push for funds that earn more commission for them instead of what is good for the customer.

    Discuss this question

  10. 10. How can I talk to Zerodha customer care?

    Zerodha Coin doesn't have a separate customer care support window. Users can raise a ticket by login through Kite. Customers can also call the customer support number at +91 80 4040 2020 or 080 6620 2020 for any platform related problems.

    Discuss this question

  11. 11. How Zerodha Coin make money?

    Zerodha offers Coin as a free add-on to its customers. Zerodha doesn't take any commission from AMC or brokerage from customers. The only direct source of earning for Zerodha from Coin is the interest on the surplus funds lying for a few days in your trading account. Indirectly, this free add-on attracts millions of customers who eventually trade/invest in the stock market and pay brokerage to Zerodha.

    Discuss this question

  12. 12. What is NFO in Zerodha?

    NFO in Zerodha stands for New Fund Offer. An NFO is the first time when a fund is offered for subscription by an AMC. You cannot invest in NFO through Zerodha Coin currently. However, you can buy NFO from the AMC directly.

    Discuss this question

  13. 13. is it good to invest in mutual funds through Zerodha?

    Zerodha offers convenience, online and cost-effective way to invest in mutual funds. Zerodha offers direct mutual funds through its Coin platform. Zerodha Coin is India's largest platform to buy mutual funds online with zero commission and directly from AMCs. Once bought through Coin, the mutual funds are credited in your linked Demat account.

    Note that direct mutual funds offer additional savings of around 1% annually.

    Discuss this question

  14. 14. How to sell mutual funds with 5paisa?

    Clients can sale (redeem) mutual funds online at anytime using the following steps:

    1. Login to 5paisa.com website or 5paisa mobile app
    2. Visit MF holdings or portfolio
    3. Click on the scheme you want to redeem
    4. Click on redeem option available along with the scheme
    5. Select the amounts and units you want to redeem
    6. Click on the confirm to redeem

    Discuss this question

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Information on this page was last updated on Thursday, March 19, 2020


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