Why Zerodha Coin is Even Good for Mutual Funds and SIP comparative to buying Direct from Houses ?
This question come have come up to mind several times, but after I saw the same question , I thought of finding an Answer to it. Here it is :
Buying Mutual funds from Fund distributors directly will cost you:
- Upfront fees 1.5 % and
- 1% every year from your investments
So, you can avoid such Hefty charges via Zerodha Coin service
Buying a SIP directly from Distributor is also not Good ?
as you can Notice this example, you pay hefty AMC ( Account maintenance charges ) to them for the same constantly Year on Year basis.
Now still many asks ,
Zerodha Coin is a platform that lets you buy mutual funds online, with no commission passback, directly from asset management companies. Your mutual funds, stocks, currencies, bonds, and more, all in on e Demat account of yours with Zerodha.
Our large and loyal user base have enabled us to offer low cost stock broking services. Thanks to them, we’re now able to offer direct mutual funds at the lowest industry rate of flat ₹50 / month.
As here you can clearly see, Zerodha DO not force you for any kind of subscription plans and you can always have non-direct regular funds from here.
Now anyone ( Including students ) can Open their Demat account with Zerodha within 1 Hour.
All they need is :
- PAN card
- Aadhaar Card
- 400 ₹ ( but you can save 100 ₹ by using the given below link and following the step by step guide for opening a Zerodha Demat account.