Fund house views on Coin

March 26, 2019
Coin, Featured

Investors,

Mutual funds are a wonderful way to start investing. Direct mutual funds more so, because you pay 0 commissions, which otherwise you would have from your pocket. πŸ™‚ But if you are new to mutual funds, navigating the maze of over 2000 funds can become overwhelming. We’ve always tried to educate investors about mutual funds, be it through our webinars or on TradingQnA and Varsity. We’re always on the lookout for ideas to make the fund discovery and selection process easier. In our endeavor to simplify the fund selection process, we’ve added a new feature to Coin.

Introducing fund house views

Understanding the fund philosophy and the security selection process is a really important part of choosing a fund. Now, you will see bite-sized videos featuring fund managers and chief investment officers explaining how the funds work and their investing philosophy when exploring funds. A shoutout to the LearnApp team for producing these slick videos.

These videos are currently available only on the Coin mobile app for these ICICI schemes:

  1. ICICI Prudential Bluechip Fund
  2. ICICI Prudential Value Discovery Fund
  3. ICICI Prudential Balanced Advantage Fund
  4. ICICI Prudential Long Term Equity Fund
  5. ICICI Prudential MidCap Fund
  6. ICICI Prudential India Opportunities Fund
  7. ICICI Prudential Multi-Asset Fund
  8. ICICI Prudential Multicap Fund

but we hope to cover all the popular funds across AMCs in due course. Keep in mind that these videos are just to give you a brief overview of the fund and so act as an aid when you are picking a fund to invest in. Do let us know what you think of the videos and how we can make them better in the comments section below. πŸ™‚


Video for the ICICI Bluechip Fund

Download the Coin app, if you haven’t already

Happy investing,

Faisal Rahman

Head of Mutual Funds at Zerodha. When I'm not at work, I'm at the gym or jamming with my friends.

96 comments

  1. Neel says:

    Kudos to zerodha team and learnapp!

  2. Vijay gupta says:

    Superb

    • Suyash says:

      Sir i have invested mf Rs. 5000 on 31/03/2019 but it is not show at coin.
      Why?

      • Matti says:

        Since April 1st was a settlement holiday, the settlement cycle for mutual funds bought on 29th, 30th & 31st has been delayed by one day. The revised settlement cycle is posted here.

  3. Ashok Kumar sharma says:

    provide this feature on desktop also

    • Thyagarajan G says:

      Coin does not have STP option. How can I invest through STP? Any Solution?

      • Matti says:

        We’re working on STP. In the meanwhile, I’m afraid you’ll have to manually redeem and invest in the other fund.

        • Suman Kumar says:

          I am doing SIP in Tax saver fund.After 3 years(Lock in Period) how can i know that how much Unit i can withdraw.Or i can withdraw all Unit at once.

          If my funds showing excepted return and i want to switch money into TAX to Balance fund.I just want to know do i need to wait all month purchased unit cross three years or only when i entered in scheme.

          Please help me on this

  4. rajan says:

    want to invest in new bharat consumption

    • Matti says:

      Hey Rajan, NFOs aren’t available on Coin right now, but we’ll have this soon. In the meanwhile, you can still apply for the NFO. The process is explained here.

  5. Shivpal Daiya says:

    how to work in trading sector. anyone here as know how to buy a trade at right time.

  6. Kandasamy Mohan says:

    Excellent. I have started using coin to invest ELSS and other noteworthy MFs.

    Thanks for the awareness created by Zerodha through COIN.

  7. Amogh says:

    When would Zerodha get into Asset management and run funds of its own?

  8. Sahiriar says:

    It is a good feature which will add a qualitative feature to zerodha and set it apart from other discount brokers. I communication of believe investment philosophy is more important than the medium. Currently, we need to go to amc website, download their fund details PDF to see it. It would be great if you could add the text version of investment philosophy of each fund from the official sources directly in the fund page of coin app. That will be much better, more efficient and helpful.

  9. Shrikant says:

    It will be helpful if it is available from the website also.

  10. Gopishankar says:

    Is it possible to automate money transfers to my zerodha account from my bank account every week ?

    • Matti says:

      Yes, you can set up a standing instruction from your bank’s net-banking portal to our accounts. The account details are available here.

      • Gopishankar says:

        I could see it can be scheduled from bank to your bank account via IMPS/NEFT/RTGS. Is there a way to schedule it via UPI the prevent the transaction charges as I wish to move money every week?

  11. Palash says:

    Several funds are not available from Coin. Wonder why !
    For example: HDFC Index Fund-Sensex Plan – we need to go directly to AMC

  12. sunil kumar says:

    How can i invest in ipo

  13. Avinash says:

    Hi, Every month manually I am adding SIP amount to Zerodha account. Is there any way it will automatically deduct SIP amount from my bank account (like standing instruction) ?

  14. Jitendrakumar Padhiyar says:

    I want to start sip but after investment what is the procedure for widraw is online possible or have to visiteZerodha??

  15. Baljeet says:

    I had invested in mutual fund in coin through SIP. However, it is showing nothing when I check my portfolio..I invested on 2nd April.

  16. Kamlesh rajpur says:

    I am investing 25000 in Franklin low duration fund. My balance is mines my account but coin show still your order is processing .Iam placed order in 4 th april. Long time passed but fund not show in my portfolio.

  17. Kamlesh rajput says:

    I am investing 25000 in Franklin low duration fund. My balance is mines my account but coin show still your order is processing .Iam placed order in 4 th april. Long time passed but fund not show in my portfolio.

  18. Arun Joshi says:

    I have set up mutual fund for 5th April but still amout not deducted from my balance, I have enough balance in zerodha account fund was Kotak blue chip

  19. Umashankar says:

    Hi i have submitted for MF redemption of Baroda Liquid Fund, still redemption proceeds is not reflecting in my Account.

  20. Subhashish parida says:

    I have invested 500 and 1500 as 1st instalment…but it is showing investment as rs 500 only!!!

    • Matti says:

      Hey Subhashish, the SIP amount for your order is 1500. This will be invested on the 1st of every month, the next and first instalment order being placed on 1st of May. The initial investment was Rs. 500 which is what you’re seeing as the investment amount.

  21. VN Vara Prasad says:

    Dear sir
    i V.N.Vara Prasad i have invested 5000rs today so here showing Order sent to AMC.
    i would like to know that what is the AMC. Please tell Briefly

    thanking you
    VN Vara Prasad

  22. udit agarwal says:

    Hi,

    I have started a SiP of 2500/- per 15 days and transferred 2500/- to zerodha account, but it says insufficient funds.

    I would like to know the reason for it.

    Thanks.

  23. awdhesh sony says:

    sir,
    plz tell me charges of zerodha coin. (in detail)

  24. Priya says:

    I am new and Just started Investment in Bluechip MF as a initial deposit 5000. My question is, Shall I deposit any amount in My SIP Account at any time without any restriction or Do I need to invest monthly once only. Kindly advice.

    • Matti says:

      Hey Priya, you have both options. You can create a SIP and the amount will be invested on the due date as well as invest some lumpsum amount whenever you want to.

  25. Debarati Mukherjee says:

    Hi ,
    I am investing in MF through SIP of amount 2000 monthly for 5 years and my portfolio is ICICI prudential blue chip fund-direct plan, Mirae Asset Large Cap fund,DSP Equity opportunities fund and DSP tax saver fund. Since I am not much updated with the current market tends, could you please advise if I need to modify my portfolio or keep as it is.

    From your experience please let me know whether I would get good return as compared in Bank FDS by investing in these MFs

  26. Chanchal Abinash says:

    When we can see S&P 500 on Zerodha Coin?

  27. Deep says:

    If I invest in direct mutual funds, through coin, will I be able to see
    1) CAGR & annual/actual returns of my portfolio
    2) Will I get tabulated L.T And S.T capital gains which I can forward directly to my Tax consultant
    3) Can I transfer /invest funds redeemed from folio of one fund house to any other mutual fund of my choice.

    • Bhuvanesh says:

      Hey Deep,
      1. Yes, we show both XIRR and absolute returns.
      2. Yep. You can download your tax-P&L statement from console.zerodha.com.
      3. In demat mode, folio number doesn’t have any importance. But yes, you can remat and transfer your holdings anytime.

  28. Surjith S M says:

    I asked an easier way to list the funds, like groww or smallcase. But now onlu launched on mobile.

    When I can expect on Desktop?

  29. Ketan says:

    The zerodha UI needs to be more wholesome.. In a way provide details of earlier sold shares/MFs so that we know overall how has an individual done wrt Short term/long term gains/losses (no of shares and price) looking into kite itself (currently the feature is available in q to an extent, but dont want to browse multiple places, download a few reports to make meaning out of them?)
    For MF, we can get grouping if my bought MFs wrt their category (Mid Caps, Small, Debt, ETFs etc etc)

  30. santhosh says:

    Really… Great work.helping us to know how our money getting invested by mutual funds , i hope all AMC will support this . Kudos Zerodha.

  31. Senthil says:

    How to do switching in coin?
    is it there..!!

  32. Vijay says:

    When will zerodha start allow us to pledge mutual funds?

  33. Anushka Dubey says:

    Hi,

    If I am investing lumpsum amount in any MF, then can I withdraw it anytime in future? And what is the procedure for that?

    • Matti says:

      As long as the fund has no lock-in, you can. All ELSS funds have a lock-in of 3 years. There are some retirement funds that have higher lockins.

  34. CHIRANJEEB SARMAH says:

    Sir, I have invested in the mutual fund. I got mail from the mutual fund provider that my investment is confirmed, but it is not been updated in Zerodha Coin. Please update so that I can be sure.

    • Hi Chiranjeeb.
      The order was processed on 4th June 2019 and today is the T+1 day as 5th June 2019 was a holiday on account of Eid hence the units will be allotted to you today (6th May 2019), by 3 PM and the same will be reflected in your Coin Portfolio.

  35. Mahendra wagh says:

    Is TER applicable in mutual fund via purchase through coin?

    • Matti says:

      Yes, TER is applied by the AMC. It’s the cost of maintaining the fund. However, since Coin only has direct plans, there is no distributor comission component to the TER and so is lower than that of regular plans.

  36. Bharath Kumar H K says:

    hi Guys, I have started investing in Mirae Tax saver fund via SIP, however I need a proof showing mutual fund investment is valid under 80c with 3 year lock in period for my Tax saving benefits. Please help how to get the same.

  37. Rohit Chhabra says:

    Is there any way SIP will be automatically deducted from bank on monthly basis as currently i have to add every month and sometimes forget the SIP date which results delay in transactions

  38. Sivasankaran Lakshminarayanan says:

    Hi,

    I have already invested in Direct MF from ICICI and HDFC. How can add these funds to COIN?

    Siva

  39. Abhay Veerkar says:

    I already have portfolios with many AMCs ( eg AXIS, BSL ). COIN should have a facility to input my existing portfolio number so that new purchases made through COIN would be linked to the same folio. Currently COIN purchase creates addition portfolios at AMC which could be avoided. Multiple portfolios at AMC creates a clutter which is avoidable

    • Matti says:

      Coin investments are in demat mode. For demat mutual fund holdings, the folio number is meaningless. All you need is the demat account number to track your investments.

  40. K Narayanan says:

    When STP (from liquid funds to equity MF) will be available at coin.

  41. santana says:

    Hi,
    Just want to invest more in mutual funds. But querries as mentioned below.
    1) How will you prove that Zerodha take only Rs50 per month as commision but other brokers take 1% yearly.
    Can this be explain by ACTUAL showing some customers purchases on Zerodha with others.
    2) How to get history of NAV of direct and regular mutual funds since inception ?

    Kindly explain

    Yours truly,
    S.S.Pereira

  42. kumar says:

    sir, I have already shifted to zerodha for mutual funds but it does not appear to be easy to transfer my all mutual funds from Prudent to Zerodha as I learnt that it is very difficult to do so.
    Please guide me as i also wish to transfer my all ELSS funds to this account. waiting for your reply.

  43. kumar says:

    sir ,
    I also wish to know if there are any hidden charges in mutual funds of Zerodha platform for any other purpose like statements , P&L account statement ?

  44. kumar says:

    I have two accounts with Zerodha. One is in my name and other is in my wife’s name.
    Now I wish to transfer my all shares from my account to my wife’s account . In both the accounts the nominee names are written of each other. Please let me know as to what is the process for such transfer . Early reply is expected.
    Thank you sir.

  45. Sejo says:

    Hi,
    i had been investing in the Mutual Funds ( Directly and through brokers ) for the last 10 years. Is it possible for me to bring all of them under the ” Coin” system, without redeeming and reinvesting?

    • Matti says:

      Yes. You can dematerialise your mutual fund holdings and track and redeem them on Coin when required. You can continue investing in the direct funds on Coin, however, the regular funds can only be redeemed since we’re a purely direct platform. The dematerialisation process is explained here.

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