Zerodha Coin Review

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Zerodha Coin is a dedicated platform by Zerodha for investing in direct mutual funds in India. With the accessibility of Zerodha Coin, you have the facility to invest in Direct Mutual Funds. The discount broker has a tie-up with more than 40 AMCs to facilitate customers to invest in direct plans. Coin by Zerodha is a flagship platform where users can buy direct funds completely free with no brokerage or commission charges. The platform is available in the web and mobile versions. One can access web platform ( on any compatible browser through login with Kite and its coin mobile app is available on both the platforms – Android and iOS. Walkthrough with the complete Zerodha Coin review including its charges, features, demo, and pros and cons.

Zerodha Coin Features

Prior to investment, every investor has a key question that Why to invest in mutual funds with Zerodha coin? Then its answer is pointed below;

  • Coin by Zerodha is a great platform to buy direct mutual funds directly from AMCs. The key advantage is that direct plans are subjected to lower expense ratio henceforth, provides a greater return to investors.
  • Zerodha coin facilitates users through commission or brokerage-free investment in mutual funds.
  • Invest across schemes i.e. equity, hybrid/balanced, debt, FOF, and ELSS category.
  • Direct funds from 40+ AMCs are available on a coin which facilitates investors to invest in the desired schemes from top fund houses.
  • The platform provides freedom for investors to structure their investment as per their requirements. It means that they can start, modify, or cancel means to stop their investment online anytime.
  • Coin by Zerodha mobile application allows investment on your fingertips regardless of wherever you’re in the world.
  • Closely track and monitor the investment portfolio, scheme performance, and current NAV details anytime either on the web or mobile trading application.
  • Zerodha also removed depository charges, with that when you redeem the mutual funds you don’t need to pay depository redemption charges of Rs. 5.50.
  • Flexibility to invest via SIP or lumpsum mode.
  • No need to open a separate mutual fund account as users just want a demat and trading account with Zerodha.
  • Link your Zerodha account with UPI (Unified Payment Interface) to transact instantly.
  • Demat account is a single account to access mutual funds, stocks, ETF, bonds, etc.
  • Access reports i.e. capital gain tax reports, coin statements, and others.

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

How Zerodha Coin Works?

Investment in MF with Coin can be done either through the web or mobile applications. Here’re the steps to invest with Zerodha coin;

  • Mobile users can access the coin app through Kite login credentials. However, web users have to first login with kite and then go to the coin platform.
  • Chose the scheme, you want to invest in.
  • Once the scheme is being selected, it will forward it to the scheme page. (See below) Here, you can view the fund’s past NAV history, access direct saving calculator, exit load, minimum investment, etc.
  • Zerodha-Coin-Lumpsum-Investment

  • If you want to invest one-time means lumpsum, then click on “Buy direct”.
  • Zerodha-Lumpsum-MF-Investment

  • In the pop-up window open, enter the investment amount and press “Buy” to make an online payment. You can even place conditional order (optional) to execute the order at a specified NAV price.
  • However, if you want to start SIP then click on the “Direct SIP” button.
  • Zerodha-Coin-SIP-Investment

  • Enter Initial investment, frequency of your SIP whether weekly, 15 days, monthly, quarterly, and SIP installment amount that you want to deduct on every SIP due date, and press the “Start SIP” button, and then click on “Confirm & invest”.
  • SIP-Investment-with-Zerodha-Coin

  • Once you make payment of initial investment, your investment will be done and from the next due date, your SIP will be deducted.

Zerodha Coin Demo

You can add more value to your knowledge base on mutual funds by subscribing to their official Youtube channel where you can easily access the coin product demo video available.

Zerodha Coin Charges

    Earlier, the brokerage firm was charging Rs. 50 every month regardless of your investment amount but in August 2018, the broker has made the platform completely free, thus, now Zerodha coin is a completely free platform available at zero charges.

Zerodha Coin Download

    Zerodha Coin has been advertised as a trademark for Direct Mutual Fund Investment. Although, the company has launched a separate Mobile App for Mutual Fund investors for different mobile platforms by the name of Coin by Zerodha. Android users can install it from Google Playstore and iOS users can get the app from the App store.

Zerodha Coin app on Android

Zerodha coin app on iOS

As you have the Zerodha coin app on your mobile phone, you have accessibility to invest in Mutual Funds whenever you want.

Zerodha Coin Pros

  • Purchase funds directly from Asset Management Companies.
  • Unlimited investment at zero commission or brokerage fees.
  • Zerodha is India’s leading broker with the highest market share in the country.
  • Users can also set a particular NAV at which they want to place a buy or redeem order in the future. Once the scheme will reach the specified level, then the order will be placed automatically.
  • Web platform as well as mobile applications on Android and iOS.

Zerodha Coin Cons

  • All your Mutual Fund holdings will stay in Zerodha Demat Account thus, to avail such service, there is a prerequisite of Zerodha Demat account to perform which means there will be Annual Maintenance Charges.
  • First-time investors may face difficulty to select the right fund because there is no MF advisory offered by Zerodha.

Final Thought on Zerodha Coin

    Zerodha Coin came as a game-changer in the mutual fund industry with no subscription charges to invest 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 means investors. Further, a wide range of schemes portfolio, easy to use, investment on fingertips on coin app, etc. are the key advantages to choose Coin by Zerodha platform for MF investment.

Last updated on 2nd Jul 2020



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Reference Topics

Zerodha Coin


  1. 1. Why to invest in Direct Mutual Funds?

    Describe the difference between Direct and Regular Mutual Funds?

    On the behest of SEBI in 2013, it was made mandatory for the Asset Management Companies to offer Direct Mutual Funds in which investors can invest in the scheme without involving any brokers, agents or distributors. This resulted in the non-payment of any commission to the aforementioned entities.

    From that period, the convoluted process of Mutual Funds was bifurcated into Regular & Direct Plans.

    Being an investor, you can select the investment scheme according to your financial requirements, i.e., Regular or/and Direct Plan. Both plans seem identical: your money will be invested in the same fund, managed by the same fund manager, the fund will have the same risk. So, what’s the difference between direct and regular mutual funds?

    The critical difference is of the intermediary involved in both schemes.

    1. Regular Mutual Fund plans have the middlemen (intermediary) in between the investors and Asset Management Companies (AMCs). This means that the investor has to pay commission or advisory fees to AMCs, which results in a rising expense ratio.
    2. Conversely, Direct Mutual funds don't allow any middlemen (intermediary) in between the investors and Asset Management Companies (AMCs). In this plan, the investor doesn’t have to pay any brokerage amount which results in a lower expense ratio.

    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

    In Regular plans, distributor charges commission of 1.5% (Approx), upfront, and 1%(Approx) every year from your investments. This commission will start from day one of your investment until you redeem your complete investment. So if you are SIP investor investing every month, then you are paying a very big amount as commission to your distributor.




  2. 2. Why should an investor choose the Zerodha Coin Direct Mutual Fund investment service?

    Below discussed are the vital points in favor to choose Zerodha Coin for Mutual Fund Investment by you:

    1. You have the facility to invest in Direct Mutual Fund plans - so no commission charged on your investment.
    2. On a single platform, you have access to over 30+ Asset Management Companies (AMC).
    3. The holding of MF in a Demat format so can be a pledge for a loan.
    4. Since all your holdings are in one place, the nominee of demat can claim the holdings in case of any unforeseen instance.
    5. All investments tracked under a single platform so single capital gain statement, P&L.
    6. Structure your SIPs as per your will – start or stop, and increase or decrease SIP values at will whenever you want.




  3. 3. How much Zerodha Coin charges to the investors investing in its Direct Mutual Fund Service?

    Zerodha offers Coin as a free service to the investors. The investors can invest in more than 30+ AMCs in Direct mutual fund schemes and manage a single login for all your mutual fund investment.

    In this cut-throat competition, none of the other brokers are providing this free facility. Considering the operations of other brokers in the market, they provide a Free Mutual Fund Account for investment in Regular Plans with them, for which the investor has to pay huge commissions. The broker gets an extra commission paid by the investors as the reward from AMC.

    If you want to save the broker's commission then the direct mutual fund is the only solution for you.




  4. 4. How to invest in Mutual Fund with Zerodha?

    The primary step to follow to invest with Zerodha Coin is to initiate Zerodha Mutual Fund Account along with Zerodha Demat Account.

    If you already have a trading and demat account with Zerodha, you can log in into Coin. User ID and password will be the same as your Kite credentials.




  5. 5. How to place an order to buy Mutual Fund through Zerodha Coin?

    Investors can preset buy or sell orders of mutual fund units based on a particular NAV price. This is called a 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 the 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 in an auto mode.




  6. 6. What options I have to invest with Zerodha Coin?

    Investors can choose from various buying options for Mutual Fund. Such as one-time investment (lump sum payment) 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.




  7. 7. Is there any charges on the selling of Mutual Fund from Zerodha Demat Account?

    As per official notice from Zerodha, now all there are No Cost DP charges applicable to fund redemptions.
    Read the official statement from the company here: Zerodha Notice




  8. 8. Is it worth investing with Zerodha Coin as compared to other brokers?

    Zerodha Coin has a number of advantages while considering the other brokers in this industry:

    • The facility of Direct Mutual Funds: You can easily invest in all mutual funds via Zerodha Coin and most interestingly, you don’t have to pay any commissions to any intermediary. Hence, you can enjoy a higher return on investment.
    • Fungible Funds: All of you purchased mutual funds that go into your Demat account that is fungible in nature.
    • Single Dashboard: Your every investment done in stocks, bonds, mutual funds, ETF, etc., is generally visible on the same dashboard.
    • Flexible SIPs: Invest accordingly to your financial goals – initiate, pause, edit and stop your SIPs as per your preference.
    • Conditional SIP: NAV is a critical part of mutual funds, so Zerodha Coin allows its investors to go through the NAV of every fund and start their SIP according to it. For example, you may want to invest Rs.5000 when the NAV reduces 15% from the current level.
    • It's 100% Free - Investment is free as well as on redemption Demat transaction charges are also free.




  9. 9. How an investor activates Zerodha Coin?

    If you have opened a DEMAT account with Zerodha, automatically, your Coin application will be activated.

    For all those investors, you have been with Zerodha before September 15, 2015, their DEMAT account would be with IL&FS.

    Firstly, the investors are required to close their DEMAT account with IL&FS. And then, apply for the Zerodha DEMAT account to initiate the working of Zerodha Coin.




  10. 10. List down the steps to activate Zerodha Coin with the Zerodha DEMAT account?

    To change your investment platform from IL&FS DEMAT to Zerodha, the primary step to follow is to download, print and fill out the IL&FS closure letter.

    1. You can download the form from here: Downlaod
    2. To make the form filling simple, you can adhere to this link. All the guidelines are properly described here: >>Link
    3. If you are an NRI, then you can fill the form by these guidelines:

    Additionally, you have to download, print and fill out the Zerodha DEMAT application form. You can download the form from here:

    You are required to send both filled forms (IL&FS closure letter & Demat application) to the below Zerodha’s address:

      Zerodha HO

      #153/154 4th Cross Dollars Colony,

      Opp. Clarence Public School,

      J.P Nagar 4th Phase, Bangalore – 560078

    Your Zerodha DEMAT account will be opened within 3-4 working days of receipt of your forms by the company. The closure of the IL&FS DEMAT account can take up to 15 working days as per the company’s policies.




  11. 11. Do I need Zerodha demat and trading account to invest in mutual funds via coin?

    Yes, you need a demat and trading account with Zerodha to undertake investment in mutual funds via coin. Zerodha coin is a free mutual funds platform to invest in direct plans at zero commission. The said platform is only accessible by Zerodha users thus, even if you’ve demat and trading account with any other broker then you won’t be able to invest in mutual funds on Coin.




  12. 12. Is Zerodha coin free platform?

    Yes, if you want to invest in direct mutual funds then undoubtedly, Zerodha coin is the best option because Zerodha coin is a free platform that allows zero-commission investment in thousands of schemes from 40+ big fund houses.




  13. 13. How can I buy mutual funds with Zerodha coin?

    • Login with Kite login credentials on either web or mobile application.
    • After login, go to coin.
    • Explore various mutual fund schemes and choose the one, in which, you want to invest.
    • Choose the mode that you want to invest in either lumpsum or SIP, enter amount and make payment. Your investment is done.




  14. 14. What is Zerodha coin?

    Zerodha Coin or coin for Zerodha is the country’s largest direct mutual fund investment platform that enables users to buy direct funds online directly from asset management companies without any commission. You can invest in mutual funds with Zerodha coin on either web platform or coin mobile app that is available on Google play store and App store.




  15. 15. How Zerodha coin works?

    • Login with Kite on either web or mobile application.
    • After login, go to the coin.
    • Explore various mutual fund schemes and choose the one, in which, you want to invest.
    • Choose the mode that you want to invest in either lumpsum or SIP, enter the amount, and make payment. Your investment is done!




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User Comments

3. CA Sachin Jain  7/29/2018 11:15:49 AM 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.
2. Ankit kothari  4/4/2017 5:29:42 PM Reply
This Zerodha Coin service is really cool, I like the way he is making industry transparent.
1. Kunal  3/22/2016 5:51:21 AM Reply
Thanks Zerodha for Starting Mutual Fund service, Waiting for IPO service to start.