What is Zerodha Coin? A Detailed Review by ADB
Zerodha Coin - Brief - Is an initiative by Zerodha towards direct Mutual fund investments - This has been allowed by SEBI through a recent circular where mutual funds can be bought in a Dematerialized format - Coin is one such platform where you can invest in mutual funds
How do You Buy Mutual Funds? Two ways primarily: - Through Distributors - Directly through the Fund house
How much is the Damage? Let’s say you invest in a SIP of ₹ 5,000 a month You do it for 5 years If your annual return is 15% Distributor will make around ₹16,500 out of your investments in this period!!
How does Zerodha Coin help? - Invest in MFs directly in Dematerialized Format through Zerodha Coin - No Commission Charges - Subscription fee of ₹50 per month post your total cumulative investment cross ₹25,000. No need of subscription as long as your total investment stays below ₹25,000
There must be a catch... Actually Yes, there is one small catch! - Applicable if you play in smaller SIPs For instance, if your SIP is ₹2,000 per month, although you will NOT charged any subscription for the 1st year. From 2nd year, your subscription will be at ₹50 per month and that will be 2.5% of your investment.
Pros and Cons of Zerodha COIN
How do I Get Started? If you are looking to invest in MFs through Zerodha COIN, fill in your details here: www.adigitalblogger.com/zerodha-open-coin-account/ We will set up a call back for you instantly!
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