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Zerodha is the first broke to launch a free direct mutual fund investment platform, “Zerodha Coin”. Customers can buy thousands of fairness, debt, and hybrid categories of lead reciprocal funds on Coin for release at zero commission or brokerage. The platform besides facilitates investment in Govt securities ( T-bills ), corporate bonds, ETF, and sovereign gold bonds ( SGB ). Coin Zerodha platform is available in the web and mobile app versions. Users can access coin.zerodha.com web through any compatible browser or download the coin mobile app on Android and io. Walkthrough with the dispatch Zerodha Coin review including its charges, features, login process, Coin for NRI, Coin app, and pros & cons .
Zerodha Coin Charges
Nil, yes, Zerodha coin is a free platform to facilitate users to invest in direct common funds at zero brokerage. Coin is not just a free direct MF investment chopine but besides facilitates zero cost redemption w.e.f. May 3, 2019.
Although earlier, the brokerage firm was charging Rs. 50 every calendar month but late in August 2018, the agent has made the Coin Zerodha platform wholly free .
Zerodha Coin Features
prior to investment, every investor has a winder question that Why invest in mutual funds with the Zerodha coin ? then its answer is pointed below ;
- Buy direct mutual funds of 40+ top AMCs like HDFC, Axis, DSP, etc.
- Zero brokerage or commission-free investment in direct mutual funds.
- Invest in Govt Bonds, T-bills, and State Development Loans (SDLs).
- Invest in high-quality corporate bonds and get a higher returns than FDs.
- Invest in Sovereign Gold Bond (SGB) to get fixed interest @2.5% p.a. + market return.
- Hassle-free instant online mutual fund investment process using UPI.
- Start, modify, stop/pause, or cancel your SIP investment anytime online.
- Flexibility to invest through either SIP or lumpsum route.
- Multiple categories of schemes across equity, debt, and hybrid asset classes.
- Search filters to discover or navigate your preferred mutual fund scheme easily.
- Easy online portfolio tracking and monitoring services.
- Comprehensive fund information including NAV, fund manager, portfolio, returns, risks, etc.
- Keep stocks and mutual fund units in Zerodha Demat account.
- Free mutual fund redemption at zero DP charges on Coin.
- Coin mobile app facilitates direct MF investment at your fingertips.
How Zerodha Coin Works?
mint by Zerodha is the best platform for investment in mastermind reciprocal funds for free and in a hassle-free manner. Let ’ s check out the work on how to buy SIP in direct MF on coin ;
- Firstly, log in to the Coin Web or App.
- Search the scheme you want to invest in.
- The fund page shows comprehensive fund details i.e. launch, NAV, fund manager, returns, portfolio, etc.
- To start SIP investment, click on the “Direct SIP” option.
- Enter details like Initial investment, SIP amount, SIP frequency, and no. of total installments.
- Once done, tap on the “Start SIP” and then the “Confirm & invest” option.
- Make a payment of the first SIP installment and your SIP investment is successfully done.
Zerodha Coin Login
Zerodha has the single Kite login credentials to entree all of the platforms i.e. Coin, Console, Streak, etc. frankincense, users can use Kite ‘s user ID and password to log in to the Coin. Steps to login to the Coin app :
- Download the coin app on your phone.
- Click on the login option.
- Enter Zerodha Kite user ID and password, and then enter 6 digit security PIN.
- You will be successfully logged in to the Coin App.
Zerodha Coin Mutual Fund Redemption
Anyone who wants to withdraw funds from common funds can place a fund redemption request anytime on-line. Coin for Zerodha allows zero brokerage redemption adeptness at 0 charges.
Zerodha coin mutual fund redemption process;
- Login to the Zerodha Coin platform.
- Go to the Coin dashboard and tap on the scheme, in which, you want to withdraw the amount.
- Click on the “Redeem” option and the fund redemption request window will be displayed.
- Enter the no. of units or in case of full redemption, click on the checkbox in front of redeem all units and press on the “redeem” option.
- The mutual fund amount will be withdrawn and credited to your account within the settlement period.
Zerodha Mutual Fund Redemption Charges : Nil, Free redemption. In May 2019, Zerodha has wholly removed the Rs. 5.5 DP charges on common funds redemption .
Zerodha Coin for NRI
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No, NRIs having a PIS report ( Portfolio Investment Scheme ) can not invest in common funds on Coin. however, they are allowed to buy calculate funds through a non-PIS NRI account. US and Canada-based investors can not buy reciprocal funds through Coin by Zerodha platform .
Zerodha Coin Mobile App
Coin is a network vitamin a well as a mobile app-based chopine. Coin app provides flexibility to users to buy direct common funds anytime anywhere with just a few clicks. Coin Zerodha app is available on the Google Play Store ( Android ) and the App Store ( io ) .
Zerodha Coin Pros and Cons
| Pros/Advantages | Cons/Disadvantages |
|---|---|
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Zerodha Coin Customer Care
| Zerodha Coin Customer Care helpline number | 91-8047181888 |
| Zerodha Coin Customer Support | Raise a ticket |
Zerodha Coin Final Remark
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Coin Zerodha came as a game-changer in the common fund diligence with no subscription charges or free unlimited investment in direct mutual funds. Unlike regular plans where investors have to pay hefty commission charges, there ’ re no such requirements on the coin which ultimately benefits end beneficiaries. Further, a overplus of schemes handiness, easy portfolio track, hassle-free investment on fingertips on coin app, free redemptions, etc. discernible Zerodha Coin as the best platform for Mutual Fund Investment .
end updated on 3rd Jan 2022
Save 60% to 90% Brokerage Start your investment travel with India ‘s number one deduction agent – Zerodha. exempt delivery barter and free common funds Investment. Flat Rs 20 for Intraday, F & O, Currency and Commodity Trade.
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