Zerodha that allows investors to invest in mutual funds directly. Here are some details about Zerodha's Coin platform:
Direct Mutual Fund Investment: Zerodha's Coin platform enables users to invest in mutual funds directly. This means that investors can purchase mutual fund units without going through a regular mutual fund distributor, which often charges commissions. Investing directly can potentially lead to lower expense ratios and higher returns over the long term.
Paperless Investing: Coin offers a paperless and hassle-free way to invest in mutual funds. Users can browse through a wide range of mutual fund schemes, conduct research, and invest seamlessly through the Zerodha trading account.
Consolidated Portfolio: With Coin, users can view and manage their mutual fund investments alongside their equity and derivative investments on the Zerodha platform. This provides a consolidated view of their entire investment portfolio.
Systematic Investment Plan (SIP): Coin allows users to set up SIPs (Systematic Investment Plans) in mutual funds, making it easy for investors to automate their investments and build wealth over time.
Zero Transaction Charges: As of my last update, Zerodha did not charge any transaction fees for investing in mutual funds through the Coin platform. However, there might be expense ratios associated with the mutual funds themselves, as is the case with any mutual fund investment.
Regular and Direct Plans: Users can choose between regular and direct plans of mutual funds. Direct plans typically have lower expense ratios compared to regular plans, as they do not include distributor commissions.
Liquidity: Mutual fund investments on the Coin platform are typically liquid, meaning you can redeem your investments and access your funds relatively quickly, depending on the specific mutual fund's terms.
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