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Zerodha Online Mutual Funds Investments and IPO Application 2019

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Zerodha IPO and Mutual Funds Investment

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Zerodha is one of the best technology focus company providing the most innovative tools in Indian broking industry and reducing cost per trade making investor get best out of what they deserve. Recently, Zerodha emerged to become the largest Stock Broker in India with over one million clients and Over one million clients contributing to over 10% of all Indian retail volumes.

IPO Investment through Zerodha

When Zerodha started its business, things got change and SEBI introduced ASBA process, where none of the 2-in-1 brokers have option left to allow applying in IPOs with their trading application. In such case, only option left for brokers like Zerodha who is providing 2- in-1 brokerage service is to ask its users to use ASBA process for online IPO application and Zerodha DP account to get credit of allotment of IPO.

As Zerodha is providing free delivery trading, so selling your IPO allotted shares with Zerodha is completely free. If you get IPO allotment, it will reside in your demat account with Zerodha and are eligible for delivery trading and when you sell such holdings you don't have to pay brokerage. However, you cannot directly sell it from your holdings on Kite. You will have to add the stock to your Marketwatch and then open the sell order window and then place your sell order.

You can apply in IPOs with any of the self-certified syndicate banks by providing Zerodha DP account details. You have to select the Depository as CDSL if you have a Zerodha Demat account & NSDL if you have a DEMAT account with IL&FS (i.e account opened before 15th Sep 2015). After allotment, you can use your Zerodha Trading account to trade and sell in your holding of shares.

Current and upcoming IPOs to invest with Zerodha

Step to Invest in IPOs with ASBA using Zerodha demat account

  • Login into your net banking account.
  • Go to Investment options, Select IPO.
  • Under IPO Page – Select the IPO you wish to invest.
  • Provide the required information like PAN No, Demat Account Number(Zerodha - 16 digit DP Number) and number of shares and bid price (including option to select cut off price).
  • Submit application subject to availability of clear balance in your bank account.

Detail Article on ASBA Process for IPO Investment >> Read

Note: Client having account in those banks who are not offering paperless ASBA application or those clients who do not do online banking has to fill the physical application and submit to syndicate member for onward submission to client's bank for blocking required amount in client's bank account.

What type of account I need to invest in IPO?

To invest in IPO, you need to have:

  • Bank account with Self-Certified Syndicate Bank.
  • DP account with Zerodha.
  • Trading Account to trade in holding of shares.

Where can I find the Self-Certified Syndicate Bank branches list?

List of Self-Certified Syndicate Banks under the ASBA facility are available on SEBI, NSE and BSE Sites.

Where can I find my Zerodha DP ID?

You can find 16 digit Zerodha Depository Account Number or Zerodha DP ID on welcome letter sent to you, profile page on back office software Console, your monthly demat holding statement or calling Zerodha Customer care number.

Zerodha Open account online and paperless - Step by step guide.

Mutual Fund Investment with Zerodha

In 2017, Zerodha launched a new way to invest in mutual funds with its largest direct mutual fund platform called Zerodha Coin (coin.zerodha.com). On this platform, you buy direct mutual funds online with no commission passback, directly from asset management companies.

Initially, the platform offered by Zerodha called mf.zerodha.com was the distributor type of platform where you invested in regular mutual fund plans and though it looks free for investors, your distributor (Zerodha) gets a commission from the AMCs.

But this new platform Zerodha coin enables you to invest with the fund house directly without using the distributor as intermediary with no commissions on your investment either upfront or trail. The funds get in your Zerodha Demat Account same as stocks.

Detail article on Zerodha Mutual Fund Investment and advantages of investing in direct plan vs regular plan. >> Read

Advantages of investing with Zerodha Coin

  • Direct mutual funds in DEMAT form, with convenience of one portfolio across equity, MF, currency, etc.
  • Single capital gain statement, P&L visualizations, and more.
  • Easy SIP start, stop, modify anytime you want.
  • NAV tracking orders- similar to stocks, place orders to purchase or redeem funds based on NAV.

What can I do to switch my investment in regular mutual fund plan to direct plan?

If you want to switch your current funds or SIP from regular plans to Direct plans, you will have to first exit your regular plan and repurchase the direct plan. All new lumpsum investments that you make will happen under the direct mode on coin.

How to invest in Mutual Funds with Zerodha?

  • Login to coin.zerodha.com.
  • Select Investment Offerings > Mutual Funds(Direct Plan).
  • Select fund, schema type, plan type> select amount or units.
  • Review and confirm.

How much brokerage I need to pay for investing in Mutual Funds?

Zerodha is allowing you to invest in Direct plan with multiple AMCs and over 2000 funds on single platform without taking any commission for this service. Zerodha Coin is absolutely free since August 2018.

Can I start Mutual Funds SIP with Zerodha?

Yes, you can do so by setting standing instructions at your bank to add money or credit your Zerodha trading account. Once the money is transferred to your trading account, the money required for your SIP will be utilized from your trading account. Zerodha do not collect an ECS/NACH mandate, so they don't have the permission to directly debit your bank accounts.

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Last Updated on 22nd Jul 2019

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