How to buy Mutual Funds in Zerodha Coin? (2024)

FAQs

How to buy Mutual Funds in Zerodha Coin? ›

To do this, log into your Zerodha account and click on the 'Add Funds' button. You can choose to add funds using various payment methods such as net banking, UPI, or debit card. Once you have added funds to your account, you are ready to buy mutual funds.

To do this, log into your Zerodha account and click on the 'Add Funds' button. You can choose to add funds using various payment methods such as net banking, UPI, or debit card. Once you have added funds to your account, you are ready to buy mutual funds.

Coin is absolutely free for mutual funds. There are no charges involved.

Once KYC is done, NRIs can invest in their choice of mutual fund scheme with any fund house. NRIs who want to invest in mutual funds through broker have to open a NRI demat account also to keep their mutual fund holdings. Many top brokers like Zerodha, Upstox, Fyers, HDFC Securities, ICICI Securities, etc.

You can transfer regular mutual funds purchased from a distributor to Coin. You can ask your broker for a DIS slip and mention the units to transfer in Zerodha Demat account. After submitting the slip again with the broker, the units get transferred to the Zerodha Demat account within 24 hours.

Zerodha Coin is India's largest zero-commission direct mutual funds platform that has helped Indians invest over Rs 70,000 crores. Why Coin? Easy Systematic Investment Plans (SIPs) creation and automation. Direct mutual funds without 0 commissions.

Zerodha offers brokerage free Mutual Fund investment. They don't take a commission from customers or AMCs. Zerodha offers direct mutual funds. This gives additional earning of 1% to 1.5% per year as AMCs pass-on the additional saving from not paying commission to the broker to the customers.

The major focus of Zerodha is based on creating index funds and ETFs that are constructed to be simple to invest in and transparent to all investors. They adopt a technology-first approach in order to develop funds that cater to every type of investor.

Zerodha Kite allows clients to trade from anywhere, Zerodha Coin facilitates online mutual fund investments, and Zerodha Varsity offers stock market education to clients.

Yes, you can access your Zerodha account from abroad.

Is Zerodha good for NRIs? ›

To map both the accounts, you need to open 2 trading accounts. Currently, Zerodha supports only NRE or NRO accounts opened with HDFC Bank, Axis Bank, IndusInd Bank and IDFC FIRST Bank. NRIs can trade only in equity and equity Futures & Options. Zerodha doesn't offer NRI trading in intraday, currency and commodities.

NRIs can invest in mutual funds in India via NRE and NRO accounts. They can invest directly using these accounts or by granting the power of attorney to a trustworthy person, who can invest on their behalf. Mutual funds are perhaps the most popular investment instruments in India.

Fees: One of the major differences between Zerodha Coin and Groww is the fees they charge. Zerodha Coin does not impose any commission or fees for investing in mutual funds, whereas Groww charges a nominal fee for each transaction.

One may invest in mutual funds DIRECTLY i.e., without involving or routing the investment through any distributor/agent in a 'Direct Plan'. OR one may choose to invest in mutual funds with the help of a Mutual Fund distributor/agent in what is termed as a 'Regular Plan'.

You could buy directly from the company that created the fund, such as Vanguard or BlackRock, but doing so will limit your choice of funds. You can also work with a traditional financial advisor to purchase funds, but it may incur some additional fees.

So your first investment has to be Rs. 5,000/- or more. The subsequent SIP amounts can be Rs. 1,000/- or more.