Mutual Fund Investment through Coin with Zerodha

Posted on 21st Mar 2016
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Direct Mutual Fund Investment with Zerodha Coin / Coin Review

As we all know and witness, Zerodha is growing from one scale to another, here is one more excellent initiative by Zerodha. They launched a trading platform for investing in mutual funds in India. They have more than 31 AMC's in the total 40 AMC's in India. The rest is on its way. The platform is called Coin (coin.zerodha.com) which is a browser based application for your laptop to buy mutual funds online directly from AMC. Unlike other distributors, Zerodha is not getting any commission from AMC. However, to provide this service initially Zerodha was charging a subscription fee of Rs 50 per month above MF investment value of Rs 25,000. But now Zerodha made it absolutely free to invest in Mutual Funds through their platform called Coin. All your Mutual Funds, stocks, bonds, currencies will stay in Demat Account with Zerodha. So to avail this service, you have to have a demat account with Zerodha.

Example: Reliance Money Manager fund with regular plan having expenses .55%, rated 2 stars and return since launch is 8.37% as of April 14th 2017 by valueresearchonline.


    Mutual Fund Regular Plan

Where Reliance Money Manager fund with direct plan having expenses .23% rated 3 stars and return since launch is 9.13% as of April 14th 2017 by valueresearchonline.


    Mutual Fund Direct Plan

This is similar to investing directly with the AMCs except for you can view your complete portfolio at one place against buying mutual funds from traditional brokers platform where distributor charges commission of 1.5% upfront and 1% every year from your investments.This commission will start from day one of your investment till you redeem your complete investment. So if you are SIP investor investing every month, then you are paying very big amount as commission to your distributor.

If you like to start investment with Zerodha Coin, Please leave your information here and Zerodha representative is going to contact you ASAP.

Why to choose Zerodha Coin Direct Mutual Fund investment service?

Here are some points in favor to choose Zerodha Coin for Mutual Fund Investment by you:

    1. Invest in Direct Mutual Fund plans - so no commission charged on your investment.
    2. A Single platform to have access to over 31 Asset Management Companies (AMC).
    3. Holding of MF in demat format, so can be a pledge for loan.
    4. Since all your holdings are at one place, the nominee of demat can claim the holdings in case of any unforeseen instance.
    5. All investment tracked under single platform so single capital gain statement, P&L.
    6. Easy SIP, start-stop whenever you want without any NACH requirement. Increase or decrease SIP values at will.

In a nutshell, Zerodha Coin Mutual Fund is offering commission-free direct plans and in true since you are directly connected with your AMC while Zerodha is playing a role to bridge you with 26 different AMCs. To provide this service Zerodha is charging nothing, i.e Free Direct Mutual Fund investment (Company was charging Rs 50 PM after your investment above Rs 25,000 which they have stopped from Aug 2018).

What are the charges with Zerodha Coin- Direct Mutual Fund Service?

Zerodha Coin is a Free Service. You can invest in Approx 31 AMC - Direct mutual Fund plans and manage single login for all your Mutual fund investment. None of the other Discount or Full Service Broker is providing this facilty. All other brokers provide Free Mutual Fund account, but allow you to invest only in Regular plan, where you need to pay high commission. Broker get extra commission paid by you as reward from AMC. If you want to save broker commission then Direct mutual fund is the only solution for you.

Coin by Zerodha Mobile App

Coin is the Zerodha's trademark for Direct Mutual Fund Investment. The company has launched a separate Mobile App for Mutual Fund only investors. With this, you can invest in Mutual Fund on the go. Features of Coin Mobile App are as follow:

  • You can create, update, pause your SIP investment anytime.
  • You can check your portfolio and NAV details with this mobile App.
  • For tax saving ELSS funds, you have online investment option on your mobile app as well as get your taxes document in single click.
  • You can fund your MF account instantly via UPI payments gateway.
  • Get your portfolio detail on one page for Mutual Funds, Stocks, ETFs and bonds.
  • Option to choose mutual funds from 31 AMC and around 3000+ Direct Funds.
  • All you MFs are held in Demat format so it's easy to pledge your funds to get a loan against securities.

Do I need a trading and Demat Account with Zerodha to invest in Mutual Fund?

Investing in mutual fund through Zerodha (mf.zerodha.com) is brokerage-free that means zero brokerage charges for investing in mutual funds and it is similar to investing in stocks. Mutual fund purchases are enabled for only those clients who have Zerodha Demat Account (Not IL&FS or any third party demat account) mapped to Zerodha trading account. Investors can hold mutual funds in their demat accounts along with shares, thus getting portfolio details in a single window. Similar to how you can pledge stocks, exchange approved mutual funds can be pledged to receive margin for trading F&O. It will begin shortly.

Zerodha review and Plans(20 Rs Per Trade,Free Delivery Trade)>>More Details

If you like to Trade with Zerodha, Please leave your information here and Zerodha representative is going to contact you ASAP.

How to invest in Mutual Fund with Zerodha?

The transactions would be executed through the BSE Star MF platform, mf.zerodha.com. Currently it is integrated with Q, the back office tool of Zerodha. Pre-filled Demat Application form is available at Q. Just login to Q and click on Profile to download your pre-filled demat application form. Just sign it and send it to get your Zerodha demat account opened.

How to place order to buy Mutual Fund through Coin?

Investors can preset buy or sell order of mutual fund units based on a particular NAV price. This is called Conditional Order. Once the price is triggered, the order would be executed. Unlike stocks where price changes every second, the NAV (Net asset value) price of mutual funds changes only once at end of every trading day. Orders placed to buy or redeem a fund are typically executed based on the NAV price of the next trading day.

These orders are good or valid until canceled. An email alert is sent as soon as any conditional order is placed. This will ensure that you don't have to keep checking NAV prices and can run your investments in MF on an auto mode.

What options I get to pay for my Mutual Fund Investment?

Investors can choose from various options for payment for Mutual Fund, such as lump sum payment, one-time investment or systematic investment plan SIP.

SIP or systematic investing plan is when you invest small periodical amounts instead of lump sums. On the Zerodha MF platform, you can start as many SIPs as you want with a click of a button without having to sign any mandate forms.

Is there any charges on selling of Mutual Fund from my Zerodha Demat Account?

The DP charges for selling of Mutual fund is Rs 5.5. While purchasing there are no DP charges applicable. Zerodha also provide recommendations on choosing funds.

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User Comments

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3. CA Sachin Jain  Jul 29, 2018 10:15:49 AM IST Reply
You can download the latest profit and loss statement for FY 17-18 on Zerodha Coin application. This is a new feature added on Zerodha Coin for easy tax filling.
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2. Ankit kothari  Apr 4, 2017 4:29:42 PM IST Reply
This Zerodha Coin service is really cool, I like the way he is making industry transparent.
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1. Kunal  Mar 22, 2016 4:51:21 AM IST Reply
Thanks Zerodha for Starting Mutual Fund service, Waiting for IPO service to start.

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