Does Zerodha coin offer direct mutual funds?

Zerodha Coin is India’s largest direct mutual fund platform that lets you buy direct mutual funds online with no commission passback, directly from asset management companies. Your mutual funds, stocks, currencies, bonds, and more, all in your Demat account.

Can I redeem mutual fund without broker?

“The Sebi notification will allow stock exchanges to directly offer mutual funds to the public, without the intermediation of brokers. In any case AMCs also allow investors to invest directly in MF schemes through their respective websites,” he said.

Does Zerodha charge brokerage for mutual funds?

No, Zerodha doesn’t charge a fee for investing in Mutual Funds (MF). Zerodha mutual fund charges are nil. On top, Zerodha offers ‘Direct Mutual Funds’ which results in an additional saving of over 2\% yearly to the investors. Zerodha is the first broker to offer direct mutual funds.

Is it safe to buy mutual funds from Zerodha?

Banks hold your cash and deposits, whereas depositories hold your shares, mutual funds, bonds, and other securities traded in the share market. Therefore, it’s absolutely safe to invest in Mutual Funds from Zerodha or any other brokerage firms.

How does Zerodha Coin make money?

The only direct source of earning for Zerodha from Coin is the interest on the surplus funds lying for a few days in your trading account. Indirectly, this free add-on attracts millions of customers who eventually trade/invest in the stock market and pay brokerage to Zerodha.

How can I buy SIP without broker?

There are 2 major ways by which you can invest in mutual funds directly without a broker. You can walk-in to the branch office of the mutual fund house and fill up the application forms yourself.

Is Zerodha Coin really free?

Coin is now absolutely free! You can read more here . Effective May 3, 2019, DP charges of Rs 5.5+GST for redemption will no longer be charged.

How do I buy a mutual fund in Zerodha?

To buy a mutual fund – click on Buy direct option – this is for lump sum/one-time investment. You will need to ensure you have sufficient balance in your trading account for the order to get executed. Please ensure to maintain sufficient funds in your Zerodha trading account before 11 AM for the SIP orders on the SIP due date.

How to transfer mutual funds from NSDL to Zerodha Demat account?

To transfer Mutual Funds from an NSDL DEMAT account to Zerodha DEMAT account, you need to fill up the ‘Delivery Instruction slip’ (DIS) the other broker/distributor provides & submit it to them along with a CMR copy provided by Zerodha. Here’s an example of a DIS slip provided by Zerodha.

What is a regular plan in Zerodha?

Regular plans means the fund house shares a commission for selling the mutual fund with Zerodha. Distributors are not allowed direct plan, you will have to buy it directly on the AMC website. This is the regular plan.

How to buy direct mutual funds on coin?

How to place an order to buy direct mutual funds on Coin? The cut-off time for mutual fund orders has been restored to 1:30 PM. Once you log in to Coin, either on the homepage or the dashboard , you’ll see a search bar, where you can type in the name of an AMC or a fund.