Have you heard of “Zerodha Coin” a leading direct mutual fund platform in India? If yes, great! If not, we’ll do a Zerodha Coin Review to better understand the features, charges and benefits of this investment tool.
Internet has been the biggest boom of our time. We are living an era where all our needs (whether we want to buy a needle or buy a house property), the first thing we rush to is our laptop or mobile phone. So, why not use the same for investment needs.
Let me take you through an online platform which provides us to invest and grow our income “Zerodha Coin”.
Zerodha Coin Review
Now, the first question which pops up is: What is Zerodha Coin?
Zerodha is a Bangalore based company which started on 15th August 2010 is a trading company. It is said to be India’s largest discount broking company in terms of the number of users.
In April 2017, Zerodha launched a new product for “Direct Mutual Fund Investments” and this is commonly called as “Zerodha Coin”. An online platform which provides a direct mutual fund investment platform that lets individual buy mutual funds online directly from market.
In simple words, it is an online platform to invest in mutual funds directly.
And, the best part of this platform is that it has “NO distributors = NO Commission NO Brokerage”
A Quick Link to Open Free Equity Investment Account with Zerodha
Zerodha Coin: What are the Charges for Using it?
I know it sounds unrealistic, but believe it! Zerodha coin is free of cost, irrespective of the invested amount. Thus, all in all there are no hidden or indirect charges to operate and invest through coin.
There used to be some charges earlier. But, from August 2018 Zerodha Coin has been made completely free
We know, the moment we said that Zerodha coin is highly liquid and good earning investment platform with no charges, you got excited. So, you can enjoy unlimited free investments in direct mutual funds. Isn’t that great!
Now, your next question would be how can we get and use this investment portal. For trading in this product, firstly you need to open your account on the online platform.
You may like to have a complete Zerodha Review
Zerodha Coin: Features to Know
The below are the features of Coin by Zerodha:
1. Higher Return:
As the additional cost of commission and brokerage is not there, the investment is to fetch comparatively higher value of return.
2. Option for Investment:
There are in all choices of over 39 Asset Management Companies (AMCs) and 2000 funds collectively to invest.
You may also like to go through Zerodha Kite 3 Review
3. Easy & Flexible Investments:
These investment schemes can be broken into smaller regular installments, i.e. Systematic Investment Plan (SIP). Also, SIP can be easily started, paused or stopped as per the financial capabilities and requirement.
4. Tax benefit:
Any investment made under recognized Equity Linked Saving Scheme (ELSS) can be easily separated. The same can be claimed as exemption under Section 80C of Income Tax Act up to Rs.1.5 lakhs.
5. Easy Data Collation:
The complete investment portfolio is presented in one consolidated statement which can be easily downloaded from the platform.
6. Collateral Security:
All these investment products are stored in one Demat account. Thus the Demat account can be easily pledged against the loan account as security.
So, as Warren Buffett rightly said “To be rich as him, you need to invest”.
You may also like: Zerodha Varsity Review
Hence, Zerodha Coin is a very user friendly mutual fund investment platform with almost no commission charges which helps us to earn more.
What can you about this direct mutual fund platform? Isn’t this product worth a try? Have you tried Zerodha Coin? You can easily download the Zerodha Coin app on Google play store or app store for iOS devices.