How good is Coin by Zerodha?

My rating 2.5/5. Even the value in Zerodha coin & Zerodha console are different always for no reasons. Zerodha Coin is for investment from Zerodha,a leading discount broker in india, for direct mutual fund investments through the platform. Direct mutual fund not common in india.

How does Coin by Zerodha 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.

Does Zerodha coin take commission?

Zerodha Coin is a commission-free and brokerage free platform. You don’t pay any brokerage when you buy or sell mutual funds (MF) through Coin. As Zerodha only offers direct MF, they don’t get any commission from AMCs.

Is Zerodha Coin safe for long term investment?

Yes, Zerodha is as safe as any other stock broker in India. Zerodha is a genuine and trusted stock broker.

What is coin Zerodha and how does it work?

Coin Zerodha came as a game-changer in the mutual fund industry with no subscription charges or free unlimited investment 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.

Is Zerodha a good place to invest in direct mutual funds?

Zerodha already had a mutual fund platform where it allowed regular investments. But the recent decision by SEBI to allow the direct mutual investment has given Zerodha a wonderful opportunity to leverage its technical know how.

How do I transfer units from Zerodha Demat to coin?

The units starts reflecting in your Zerodha demat account within 2-3 days. Then raise a helpdesk request (simply write a mail from your registered email address) to transfer them to coin. They should be doing it at earliest. In this case you need to convert them to demat form first.