Zerodha launches direct mutual fund platform 'coin'

BENGALURU: A discount brokerage firm Zerodha has launched 'Coin', a direct mutual fund (MF) platform. Schemes bought through this platform will be in demat form, giving you the convenience of one portfolio across equity, MF, bonds, etc.

There will be no commissions - either upfront or trail. When you purchase through a distributor, it has an upfront commission of upto 1.5% on your investment and a trail commission of upto 1.5% every year for as long as you are invested in the fund, says Zerodha.

"For an informed investor, buying mutual funds directly is the best option. SIP of Rs 5000 monthly invested for 25 years in direct vs distributor can potentially save Rs 28 lakh as commissions. Buying direct MF in demat also gives the convenience of a single portfolio view," says Nithin Kamath, Founder & CEO, Zerodha.


Zerodha will charge a flat subscription fee of Rs 50 per month, irrespective of the number or value of MF transactions. You can start, stop or modify SIPs anytime you want. Your first Rs 25,000 worth of investments would be free.