Free ELSS investments on Coin
Investors,
Super happy to let you know that we have had 100,000+ clients invest over Rs 2200 crores in the last 15 months on Coin. Even more gratifying is the fact that we have helped our clients save potentially tens of crores in commissions by enabling them to invest in direct mutual funds.
Coin is today the largest direct mutual fund platform in the country. We also recently launched Coin mobile and the amazing response so far has been heartening. Today only 10 percent of retail investors are investing in direct mutual funds. A vast majority of the remaining 90 percent don’t know the difference between regular and direct mutual funds. To put this situation in perspective, In the financial year 2017-18, Rs 8500 crores was paid as commissions to distributors. Do help spread the word about direct mutual funds. It is a no-brainer today to switch from regular to direct mutual funds, especially if you are taking your own investment decisions.
We have some updates on Coin based on feedback received from you.
No monthly fees on tax saving direct mutual funds (ELSS)
Most people get started with mutual funds by investing in tax saving funds. A couple of recurring questions that investors keep asking us are the difference between direct and regular and why the monthly fees of Rs 50 above Rs 25000 of investments. Most of the times’ these clients end up investing in a regular plan just to save this small fee. They don’t realize that these additional distributor commissions paid out continuously can add up significantly if they choose regular plans. Remember that if markets performed the way they have in the past, even a SIP of Rs 5000 in a direct plan over 25 years can potentially mean saving over Rs 28lks just in distributor commissions vs regular plans. Hence we decided to remove the monthly fee on ELSS completely and help investors make the smart choice of choosing direct mutual funds on tax saving funds which are typically held much longer.
So, starting today, we are waiving of the subscription fee for all investments in Equity Linked Saving Scheme (ELSS mutual funds) or tax saving funds even if you cross the Rs 25,000 limit. That means, if you are investing only in ELSS direct mutual funds, you won’t be charged the subscription fee of Rs 50 PM even if your total investment cross Rs 25,000. If you are currently investing only in ELSS funds, you can click unsubscribe from Coin to avoid paying Rs 50 PM going forward. Check this post to know more about how to unsubscribe.
Please do tell your friends. All of this letting go of revenue makes sense to us only if we can scale a lot more. 🙂
AMC SIP
On Coin, we simulate all SIPs. This means that each SIP is essentially a fresh lumpsum investment. We decided to do this because of the flexibility it offers. You can pause, resume, and modify your SIPs instantly, anytime you want without the need to submit forms or mandates, unlike other platforms. But a small drawback of this was that when a fund decided to stop accepting fresh lumpsum investments, you couldn’t continue investing in that fund. This only happened with a couple of popular small and mid-cap funds which decided to stop accepting fresh lumpsum inflows given the huge run up in these stocks.
We’ve been hard at work to figure out a solution. Happy to announce that you can now invest in SIP of SBI Small Cap Fund, Reliance Small Cap, and Mirae Asset Emerging Bluechip Fund, or any other fund that stops fresh lumpsum investment in future on the Coin mobile app. For all such funds, we will switch from the lumpsum way of investment to normal SIP mode. This would mean though that like normal SIP’s you will not be able to pause/stop/edit amount/change frequency/cancel only if 10 days or more to SIP date.
The investing process will remain the same though and will be available only on the Coin mobile app and not on Coin web. The mobile app is available on both Android and iOS. You can download it here if you haven’t yet already.
Profit and loss report for mutual fund investments on Coin
We’ve also built a reporting module for mutual fund investments on Coin. You can now download the profit and loss statement for FY 2017-18 on Console – our new reporting platform. Currently, only the Tax P&L statement for mutual funds is available on Console. For the Tax P&L statement of all the other segments, you will have to check Q for the time being.
Console will replace Q pretty soon and will be integrated within Kite. It is currently in beta, if you spot any issues, do let us know by filling in this form. Currently, we are testing out all the calculations. A host of analytics and visualizations will soon be added on Console over the course of the next few weeks.
Also, we are now the 2nd largest broker in India by active clients, thanks a lot for your love and support. 🙂
Happy Investing,
i want to make investment in elss fund through coin but i am not able to make investment as net banking option is not available for my central bank of india , and i dont have upi of that account what to do please help
Hi Aditya, could you please create a ticket at support.zerodha.com with details of the issue, so we can have this resolved at the earliest?
I want to invest in FANG and NASDAQ mutual funds and want to avail 80C deduction is there any fund that will include both points so that I can invest also and get a Tax deduction as well.
Hey,
I have just started investing in Mutual Funds and I have 2 queries:
1. If we invest in ELSS MF then in case of any emergency, can we redeem that amount (through online or physically giving applications or any other method). What will a person do if he experience some medical emergency (or job lost) and have funds only in ELSS.
2. I’ve read that Short Term Mutual Funds are for investments ranging from 1 to 3 years and liquid/ultra-short funds are for less than 1 year, But while investing through Coin in Short Term MF, I did not see any lock-in or exit load which restricts me in redeeming those before 1-3 year. So why its being said to invest in liquid MF in done for less than 1 year?
Please reply as soon as possible…
I wanted to invest one time in tax saver axis long term equity fund. But it does not ask for lock in period. How to handle this
The lock-in period for all ELSS funds is 3 years by default.
How do we see the date of maturity, and when I can redeem, I don’t see any information in the app or web?
can i get more details about Mutual Funds and SIP,s can i get more information pls do arrange for a call back on ph:9901576666
F&O
Can we avail margin for F&) trades on the holdings in MFs
Hi,
Does investing in Direct ELSS funds through the fund provider website and coin platform is same in terms of cost incurred by the investor?
Are there any hidden charges, if we invest through Coin ?
Is there an elss which holds stocks like etf ? Like nifty etf or bank nifty etf ?
Nobody help me for how to invest through Zerodha. Yogesh gupta regularly call me for account opening,but after account opening nobody contact me. And i have no contact no of zerodha customer care .
1. Is coin now free even for any lumpsum investments in mutual funds or is the fee of Rs. 50 waived for ELSS only?
2. Can investments in NFOs and NCDs be made through Coin ? I do not find new ones in the list of Funds provided.
1. Its free for all funds with immediate effect.
2. Current;y, NFOs are not available on Coin, we plan to add it soon. Listed NCDs can be traded on Kite already
Is it only the ELSS schemes for which the commission has been waived off, or the other forms of SIP come under this purview?
if no (for other forms of SIP), then is there any plans where the commission would be waived off for all types of MFs.
A good initiative by Zerodha,also if you could come up with something for IPO s also.
On our list of things to do, Ranjit. 🙂
Hello…investor…i am new here…i dont know anything…i just start SIP 500/Month…on starting base…please suggest me…which is the best…when i know…then invest more ..please member help me
DSP Equity Opportunities Fund – Direct Plan
(Growth)
Franklin India Equity Fund
(Growth)
HDFC Mid-Cap Opportunities Fund – Regular Plan
(Growth)
Reliance Credit Risk Fund – Direct Plan
(Dividend – Payout)
Reliance Small Cap Fund – Direct Plan
(Growth)
Aditya Birla Sun Life Tax Relief 96 – Direct Plan
(Growth)
Aditya Birla Sun Life Equity Advantage Fund – Direct Plan
(Growth)
DSP Tax Saver Fund
(Growth)
Kotak Standard Multicap Fund – Direct Plan
(Growth)
Sir
I start SIP of rupee 1500 ( mirae asset tax saver direct growth fund) per month. Now Please tell me, Is next installment will be deducted from my bank account or my zerodha account.?
zerodha account.
If I withdraw all my non elss investment and keep only Elss ones.. then is it going to be free..
Asking just to know that 25000 limit was on transactions or total investment on current date.
If your transactions in non-ELSS funds are more than 25,000, you will be charged Rs 50 per month
Hi Team,
i currently have Reliance Small cap fund in my portfolio which is now paused. Can i resume it on the mobile app? or do it need to start over again??
Regards,
Suresh
Yes, you need to restart the SIP on the Coin mobile app.
Thank you.
Hi. I had invested in Tax saving MFs in March 2018. Accordingly Coin Subscription Fee was been debited to my account on monthly basis. My query is, now that Coin Subscription Fee has been waived for Tax saving MFs, will I still be charged the Coin Subscription Fees of Rs. 50+ GST?
No.
Do care to read the post.
But you do need to follow the steps mentioned in the post to unsubscribe.For which you will have to read the post 🙂
After your announcement i have have brought dowm my non-elss investments from 31k to 24k.But your Coin dashboard and app shows my investment to be 31k and so i cannot unsubscribe from coin.Can you help ?
Moreshwar, you should be able to see the unsubscribe button on the accounts page since your non-ELSS investments are valued less than 25K. Can you raise a ticket here if you are not able to see the same?
I had a query earlier too. Will I be able to see the Unsubscribe option even if I am investing only in ELSS(currently my investment is still under 25k).
Cos given my situation, if I still have to then I cannot see the button.
Hari, I’m guessing your subscription was never active(investment has been less than 25k) and hence you don’t need to unsubscribe 🙂
Such an application design feature makes things easy. Thanks a bunch!! ???
I am proud to be a part of zerodha ,
Plz help me In this query
How can we start SIP in KOTAKNV20 ETF
I’m happy I selected a best tool to invest my earnings !
Thanks!
Hello sir/ma’am,
I just want to ask any elss fund I will invest will be free? I have been using kite from a long time. But don’t have idea about coin in detail. As in your video on yoh tube the guy said after 25000 investment you have to pay some fix amount per month. I just want to know that if I invest in growth tax saving funds because I invest just to get the benefit of deduction in my income tax. Will they be free? Even the amount exceeds 25000? Reply
Yes Jainam, all ELSS investments are absolutely free.
I have total 4k invested under ELSS in coin.Do I still need to unsubscribe?
If your investments are below 25k, the subscription wouldn’t have kicked in, so there is no unsubscription.
Hi,
Are there any plans to integrate offline and other DEMAT investments with zerodha..
Like we have in KUVERA and GROWW. With the help of CAS statement we are able to upload our existing investments…
This is very lengthy process @Zerodha. I know they are not brokers.
Also SMART SWITCH option where we are can switch to Direct mode of fund keeping folio number and other details same…
Hey Ritesh, we only support demat investments. So, if you have mutual funds in physical form, you’d have to dematerialise them in order to add them on Coin. If you have demat investments elsewhere, you’d have to shift them to the Zerodha demat account. Also, when the investment is in demat mode, the folio number is irrelevant, so it wouldn’t really matter.
Looks good to see coin
Just started investing in MF through coin
Thanks
Excellent initiative.
Well Done Zerodha.
Excellent initiative.
Well Done Team Zerodha.
Please reduce the monthly charges for investments other than ELSS also
Hello Team,
Can you please explain it further ….
Happy to announce that you can now invest in SIP of SBI Small Cap Fund, Reliance Small Cap, and Mirae Asset Emerging Bluechip Fund, or any other fund that stops fresh lumpsum investment in future on the Coin mobile app. For all such funds, we will switch from the lumpsum way of investment to normal SIP mode. This would mean though that like normal SIP’s you will not be able to pause/stop/edit amount/change frequency/cancel only if 10 days or more to SIP date.
Because i currently have Reliance Small cap fund in my portfolio which is now paused. Can i resume it on the mobile app? or do it need to start over again??
Regards,
Suresh
Can anyone respond to my query…
I have already opened a demat account with Zerodha for equity transactions(probably with IIFL accounts). I’d like to know the procedure to open an account in Coins also after this move. Can I do this online?
Any update on pledging of mutual funds. I know ETF is another option, but the problem with ETF is that there is liquidity problem barring 1 or 2 funds and there are slippages on the NAV price vs trade price.
Hey Sachin, we’re working on taking this live. Hopefully, it should be done by the end of the month.
Hi,
I am investing in SIPs currently and my total investment already crossed the 25000 mark. I have an ELSS fund in my portfolio. So, what will be my benefit in the Rs. 50 per month charge?
Hey Debojit, if your total non-ELSS investments are below 25k, you can go to the account section of Coin and unsubscribe from Coin and enjoy free investing until such time as your non-ELSS investments go above Rs. 25,000.
I invest Rs. 6000 per month and 1000 of them is in elss. I think i will ha e to pay the price. Can one unsubscribe from coin and still invest in sip.
Is there any online platform by Zerodha to invest in IPOs and the rights issue being offered ?looking forward towards a pragmatic solution for online platform by Zerodha for online subscription in IPOs..
Hi @nithin,
Great work in adding AMC SIPs . That was the only missing feature. Was doing that via ICICI direct. will stop there and continue in Coin. However, 4 days of SIP are till 15th of the month. After that there is a long gap of 15 days . If you could create more SIP dates or expand the gap of 4 SIP dates to cover the whole month , it would help a lot . ( For eg: dates like 1, 7, 15, 22 etc.) . It would help folks who spread out their SIP for a scheme through out the month.
Hey Ajesh, while we can offer flexibility in our SIP model, the dates available for AMC SIPs are severely limited on the AMC end.
We really need support for “SWP” (Systematic Withdrawal Plan) before I can switch over some of my parents portfolio to this platform. Waiting for it…
This is on our list of things to do. 🙂
It is almost 2023. When are going to implement SWP (Systematic Withdrawal Plan)? This is deal breaker for me.
Can Zerodha give the mutual fund list separately like Large cap, Mid cap, Small cap.
Hey Ashish, this categorisation is already available on the Coin mobile apps. When you click on ‘Explore’, you can categorise funds and see only funds from the selected category. 🙂
Good job Zerodha,
Positive thing about SIP through COIN is it can be paused, restarted, modified.
However, if a MF scheme stops accepting fresh investment, would SIP in “lump sum each time” format work…?
e.g. A user started SBI Small Cap SIP through COIN in 2017Jan, and SBIMF stops accepting new investment for SBI Small Cap from April2018. Will Coin SIP (“lump sum each time”) still work after April2018 as I started investing a long before they stopped taking new investment…?
This is exactly why we’ve started allowing AMC SIPs for such funds in this update. 🙂
What about IPOs. There is no direct way to subscribe for an Ipo via zerodha. For this we have to enroll with another Demat paying annual changes for that also. How much time you guys will take to update KITE or zerodha for IPOS
Hi Team,
A great initiative to exclude elss fund from the chargable subscription as this helps a lot of small investors..
I have invested 5k in non-elss funds and rest in elss funds, so should i stay subscribed or is it mandatory to unsubscribe for monthly charges of rs50 to stop?
Please advice.
Thanks.
Hey Janak, if your non-ELSS investments are below 25k, you can unsubscribe in order to stop paying the Coin subscription fee.
Good Job Nithin – but still a Long way to go.
Chronic problems with Tax P&L for Equity etc – and you must have Tax P&L working for current FY too.
Also better Coin integration on Dashboard is badly required
Regards and wish you all the best.
So regular ELSS MF are still chargeable right?
We don’t charge for any regular investments, ELSS or non-ELSS, but you would end up paying huge commissions.
When you are introducing coin for NRIs
That’s so good. I will definitely post it in my FB wall. Cheers
Does the Zerodha’s AMC SIP feature levy any charges if there is shortage of funds in zerodha account on the day AMC SIP is triggered?
No charges, Sudheer. If you don’t have enough funds, order placement fails and we’ll try again on the next instalment date.
Great initiative. For retired senior citizens like my father, who wants to invest in small SIPs in ELSS funds only as a tax saving mode as other long term methods like PPF do not make sense anymore because of lock-in period, this is a very welcome and helpful move.
I’m still wondered why this page is not designed even Zerodha got some talented designers.
https://coin.zerodha.com/funds
Listing 1000s of funds like this is definetly not a good idea and we have no idea which one to purchase. So please make it something like https://www.smallcase.com/discover so that we know the important metrics and sort options.
When I received the mail, I thought you’ve revamped this as well since I first requested this last year.
Please do something.
~Surjith
Hey Surjit, we’ll be revamping the web app soon too. However, the idea is to make Coin a mobile-first service, so I’d recommend you check out the mobile app. 🙂
Good move from Zerodha.
Further to this can we get probable expected returns details? And can we transfer MF of other houses to coin
Hey. We show historical returns. Expected returns would just be expected guesses at best and as such, not something we’d want to show. This could potentially hamper your decisions when choosing a fund.
You can indeed transfer mutual funds to Coin from elsewhere be dematerialising them. 🙂 Details here.
Hello,
I have three SIPs and 2 lump sum investments now for than a year. These are with CAMS. Would it make sense to transfer these to COIN, and would it reduce costs if any? If so then what kind of costs would it reduce and to what extent? Pl. let me know.
Thanks.
Hey Hemant, if you’re investing in regular funds on CAMS, you’d save a bomb in terms of distributor commissions on Coin. As a bonus, Coin offers a much simpler, and more intuitive UI. 🙂
Currently, in Coin P&L shows absolute returns which is ok but there must be an option to see Annualized P&L which gives more clarity on how the funds are performing.
Coin app is not updating NAV timely. It’s taking more than 15 hours to show updated NAV.
please tell about gst above 25000 investment in mf
I also request you to issue shares of Zerodha to its customers so they can also become partners in the progress of Zerodha and feel themselves as part of Zerodha.
Dear Captain,
I addressed you as a captain, because we are part of a team which you are leading. I think , while running your business , you also doing social service in the form of reduced cost to your customers. Lot of investors, including me are praying for God’s blessings to you. As earlier I have suggested, if possible , Zerodha should start it’s own mutual funds also to further reduce the cost to its customers.
In case I use COIN App to invest in Reliance Small Cap Fund that is already in my portfolio but not invested since last 3 months, what is the process to stop the SIP/change the amount if i need to?
In future can we expect to see the breakup on “Other Credits and Debits” column in the Report? I am not quite sure what is this!
Investing thru coin for SIP is still a difficult task, each month I need to manually transfer from from bank on or before the due date. If it is auto debited from the bank account it would make life lot simpler.
Is there any way I can transfer my existing ELSS investments to coin? I decided to go direct because of the monthly fee. I subscribed it directly using website. I have three ELSS SIP’s with Reliance, ABSL, and Axis.
Great initiative, I have a question.
How to find all the ELSS funds existing in coin? I do a search by elss in coin portal, it does not display the information. Rather, it has all the funds categorized by it’s name to search for. If we have a functionality were it displays all the ELSS mutual funds together, it would be a great.
Hey Vishal, I suggest you install the Coin mobile app. In the app, you can filter by fund category, minimum investment amount, AMC, CAGR, etc.,.
Thanx Nitin Sir
I would strongly recommended Zerodha team o make IPO available at your platform , My family have been using Zerodha for a year , but when it comes for IPO application , we have no options lefts apart from missing it , we know that an be done by even netbanking but again tracking your investments through multiple channel sometimes needs more deal then what we expect for.
So , my humble request to Zerodha team is , please work in the procedure (my be SEBI registration or anything which is required) to make IPO available to us.
Hey Abhishek, this is on our list of things to do, but will take us some time. As for losing out IPO opportunities, as you’ve said, you can simply use the ASBA application from your netbanking portal. While applying, if you enter your Zerodha demat account number, then you needn’t track these investments elsewhere either. They’ll show up in your Zerodha holdings post allotment.
Hi Nithin/Team,
I am already existing user of coin and however i have investing in below funds also. but For these Funds,around last 2-3 months ,i can’t able to buy from coin through direct or sip(Order getting failed). However i have seen in this blog saying.
we can able to setup sip for below fund also through “mobile app coin”. so please let me know if i make it as SIP through mobile webapp ,will all amount(existing invested amount) will be carried to same fund only right ?
1.Reliance Small Cap Fund – Direct Plan – Growth
2. Aditya Birla Sun Life Tax Plan – Direct Plan – Growth
thanks,
Ajay Patil
Yes, you can use the mobile app to continue investing in these funds.
Hey Matti/Team,
I tried to do SIP for my EXISTING mutual fund (“Aditya Birla Sun Life Tax Plan – Direct Plan – Growth” to SIP) .
Through COIN MOBILE app but in the blue round button its showing only “Redeem” option for this MF. Could you please cross check once and let me know how can do setup SIP for my existing SIP i.e. Aditya Birla Sun Life Tax Plan” .Please go through my first question once again :). However i can see for other mutual funds i can see options in blue button are
1. Buy More
2. SIP
3. Redeem and even i can able to setup SIP for other Mutual fund However i want to do SIP for my Existing Aditya Birla Sun Life Tax Plan
Thanks,
Ajay Patil
Correcting Above Statement (Typo*)
**let me know how can do setup SIP for my existing SIP== let me know how can i setup ,SIP for my existing MF.
and even i have raised ticket as well . no is= 20180810530587.
and One more concern COIN APP is too slow. its keep on loading (Note I have good network speed 75 MBPS through WIFI)
Thanks,
Ajay Patil
Hi Team/Nithin,
waiting for your reply .please do let me know. Ticket #20180810530587
Thanks,
Ajay Patil
Hey Ajay, sorry about that. The Aditya Birla Fund has stopped accepting all fresh investments.
How to identify in Coin as to which are ELSS?
Hey Kramer, on the Coin mobile app, the type of fund is shown right below the fund name. 🙂
Can you please explain the last two lines in the text below, You are saying there is no fee and again you are telling there will be Rs 50 PM going forward, I am not clear on the below.
” So, starting today, we are waiving of the subscription fee for all investments in Equity Linked Saving Scheme (ELSS mutual funds) or tax saving funds even if you cross the Rs 25,000 limit. That means, if you are investing only in ELSS direct mutual funds, you won’t be charged the subscription fee of Rs 50 PM even if your total investment cross Rs 25,000. If you are currently investing only in ELSS funds, you can click unsubscribe from Coin to avoid paying Rs 50 PM going forward”
Hey Manoj, this is because until now, the subscription was applicable to all types of funds, including ELSS. Since we’ve now waived of this fee for ELSS funds, if one is already paying the subscription fee, one can click on unsubscribe to stop paying.
Dear sir, good go forward like ISRO success rate.
Sir
I am an individual investor.
I have a lumpsome payment.
I want to invest the whole amount in a good liquid fund.
I want to do STP with good Equity fund.
Now I am doing sip which is working fine.
Please tell me how to do it.
An early start will help me
Regards and thanks
Dr Ashutosh Ojha
Sir
I am an individual investor.
I have a lumpsome payment.
I want to invest the whole amount in a good liquid fund.
I want to do STP with good Equity fund.
Now I am doing sip which is working fine.
Please tell me how to do it.
Regards and thanks
Dr Ashutosh Ojha
How can I move from other platforms to zerodha?
Is Axis long term equity direct growth fund be counted as ELSs?
Yes
Thanks Manish and Team
Great work zerodha keep doing this work!!! Very soon you will become largest & gretest brocker in all categories in India.
Why can’t you suggest new beginners what to buy and what not? That would be great help for trader/ investor who has just started.
Hi Kounteya,
When it comes to people offering trading or investing advice, what you need to ask yourself is ‘Why would anyone tell me what to trade instead of taking the trade themselves?’. At the end of the day, the way one looks at the stock markets is quite subjective, and it’s best that you make your own decisions.
Thanks a lot for this Sir!
One query, i have invested only in ELSS and paying the subscription charges every month. in this case do i need to unsubscribe from coin or the subscription charges are automatically stopped deducting? and if i unsubscribe from coin, can i still invest in ELSS funds?
You’ll need to unsubscribe from the account page on Coin, Bhushan.
Thanks for the reply Matti !
will i still be able to invest more in ELSS if i unsubscribe?
Yes, you can.
Great! Thanks a lot! 🙂
Thanks to Zerodha now I am enter to fist time investment
This is indeed a great move, however curious to know how does Zerodha benefit from this?
Good Day Ours/Yours Faithfully,
Great…. Announcement… Good Work… Thanks… Team Zerodha..
Great news.. thanks Zerodha.. been waiting for that tax P&L statement for mutual funds for a while now..
Also congratulations for being the 2nd largest broker in India..
Ur theory of 28lakhs commissions going to distributor is completely wrong there can be a difference in return of 28lakhs but that difference is not distributor commissions
Moreover running a SIP for 25 years is a rarest of rare case
Thank you Mr.Nithin for waiving off the monthly charges on ELSS funds.
Hello,
How to convert Coin SIP to AMC SIP?
Thanks.
I have a question. Is the above mentioned offer of no commission for limited period or is it the way forward which stays forever??
Supet
Nice one, great but also recommend that it is also extend for all funds not limiting up to ELSS
Zerodha made my investments in Financisl market easier, simplest and low cost. You are doing a great job Mr. Nithin Kamath. Hats off.
As per instructions on your webpage for unsubscribing , it says we need to redeem all non-elss scheme to be able to unsubscribe. If non-elss schemes worth 25000 can be carried without getting charged then why do i need to redeem all non-elss mfs ? Bringing non-elss investment below 25000 should suffice right ? Is there an error on your part or do i need to redeem all non-elss ?
Thanks for pointing that out! We’ll edit the text to make things clearer. Basically, this is a generic message intended to indicate that once non-ELSS investment goes above 25k, the subscription will kick in, and one would have to exit all non-ELSS investments in order to unsubscribe.
If my non ELSS crossed 25K, apart from my ELSS balance, will the monthly charges apply only towards the non ELSS funds or is it applicable towards both the funds, on a monthly basis, from that point forwrd?
Hey Akash, once the non-ELSS investments exceed 25k, the subscription kicks in. Since it’s a flat fee, there’s no concept of it being charged separately for ELSS and non-ELSS.
Can I add existing folios in coin platform .
Hey Shankar, yes, you can dematerialise these investments and track them on COin. Details here.
Hi,
How is COIN different from CAMS?
Hey Ramana, with Coin, you get a wider choice of funds (Franklin Templeton funds, for example). Plus, because of our flexibile SIP structure, you needn’t bother with NACH mandates for your SIPs. You can start, pause and stop SIPs at any time. As an added bonus, you can track your equity and mutual fund investments, all in one place. 🙂
Contract note with old fund+ – p&l margin statement – charges & tax =total fund with old balance calculated
Hi,
Whether the monthly charge will be waived off for old tax saying investment made on previous assessment years
Regards,
Ganesh
Hey Ganesh,
Yes, it will be waived off for existing investments as well. You just have to Log on to Coin -> click on account -> Once you do, click on ‘Deactivate subscription’ to unsubscribe. However, the value of your existing non-ELSS funds should be less than Rs 25000.
Really a good move. it will definitely bring more investors on this platform & infuse more investment.
This means If I start investment now in ELSS through SIP from Coin then I won’t be charged anything?
Also, please let me know the procedure for investing through Coin in ELSS by way of SIP.
Hey Sumit, yes that’s right. No subscription fees for ELSS investments on Coin. Simply download the Coin app from the Play Store or App Store, log in with your Kite ID and password, select a fund of your liking and start investing. SIP amounts will be debited from your trading account on each SIP date.
Also, one small request.. Could u please add the feature of comparison between two funds returns in the Coin app.. It will be very helpful.
We’ll see what we can do about this Abhinav! 🙂
when SWP, STP will be activated in Coin?
Hey,
We’re working on the STP and SWP features. Should be available soon. 🙂
I am very happy for this bold move. Thanks a lot Zerodha.
If the features and innovative products are given to customer .Even 100 Rs fee could be justified. For example Tax profit and loss showing long term and short term capital gain.
Giving them an idea of how their collection of mutual fund is performing against benchmark over the time.
Things like that
Hi Shashank, check out console.zerodha.com. This is our new backoffice portal with tax P&L statements for mutual funds.
As for tracking, we do provide an equity curve and NAV chart for reach fund. A comparison against a benchmark would be tricky since the benchmark for each fund would be different. In any case, we’ll bounce this of our team and will have it added to Coin if it’s possible.
Glad to know that the Coin’s subscription charges for ELSS funds have been waived off.. Its a good initiative, which will encourage a lot of people to invest in ELSS funds.
I have only ELSS investments with Coin as of now.. So I am waived off the subscription charges. I am planning to invest in non ELSS funds in the future. So how will I be charged for this? Does the 1st Rs25000 investment be waived off the subscription charge? or will I be charged from the first rupee of investment in non ELSS funds.
I have another query.. As of now, I am subscribed with Coin & I have only ELSS investments. Do I need to unsubscribe or the charges are automatically waived off? and what happens if I dont unsubscribe?
Thanks in advance !!
Hey Abhinav, you’ll only be charged once you purchase over 25k in Non-ELSS funds.
As for your current subscription, you’ll have to manually stop your subscription from the account section on Coin, else the subscription fee would continue to be charged.
So happy to read new updates comming each time. I have been with Zerodh for past one and half year and I am so glad that they are very much into customer centric. Kudos to Zerodha team.
I want to know the details of the coin.
I have 75000 in elss amd 1500 in non elss funds so will i be charged 50rs pm or no??
Hey Karan, if your investments are above 25k, the subscription would have been activated. Go to the account section in Coin and click on Unsubscribe. Since you don’t have investments above 25k in Non-ELSS funds, your subscription would be stopped.
Currently my ELSS are below 25k, and I’m investing in ELSS only currently. Do I still have to unsubscribe to not incur charges post 25k?
First of all THANKS A TON in bring back favorite funds thru AMC SIP mode.
I just have 1 Q: after my AMC SIP starts, i understand pause is not allowed.. but can i be able to increase/decrease the monthly SIP Amount ?
Thanks again,
Sharad
Hey Sharad, you’ll have to cancel your existing SIP and start a new one with the revised amount.
OK thanks
Any plan to start DSPBR microcap fund thru AMC SIP mode ?
This fund has stopped accepting all inflows, Sharad. Only once they start accepting any inflows would we be able to list this on our platform.
Great news! This made my day.
Thanks so much team Zerodha. You guys truly standing by your investors’ side.
Coin interface is very basic in term of charting or show returns on investment. I was using unovest earlier which has some nice views show different stats of mf. Please bring the same to coin.
Second, zerodha feels like no bias investment postal. I should request to add a module where a customer can get a recommendation for fund switchover in the same category if the current fund is under performing.
Hey Rahul,
The idea with Coin, or any of our platforms, for that matter, is to provide a clutter free experience with just what is required. We intentionally avoid adding noise to the platform to make decisions simpler.
As for advice, we’d leave this on the investor as fund selection is dependent not only on the fund’s holdings, but the individual’s preferences and risk appetite.
I am very happy for this bold move. Thanks a lot Zerodha.
Which fund is better for tax saving
Hey Chandrakant,
You can use the compare option on Coin web to compare different ELSS funds and select one that suits your needs.
This is really good news for me as an investor. I mostly invest in tax savings funds and was reluctant to invest as this monthly charge for 3 years was bit costly.
Hey Robert,
You can now begin investing in direct ELSS fund at Zerodha without being concerned about the cost 🙂
All direct mutual fund should be free of cost
Hey Manoj,
Every business has an inherent cost of operation and its not possible for a business to sustain offering free products or service.
Hi Nithin,
Your website support.zerodha.com says the following for The procedure to de-materialize –
“Note: For ELSS funds you will need to submit 2 duly filled DEMAT forms for every date of investment since we will have to generate a dematerialization request number for each purchase date. Also, the transfer of such funds from one DEMAT to another would not be possible due to a lock-in period.”
Question – If I have 80 SIP/ Lumpsum investments on different dates for one of my ELSS investment, then should I have to submit 160 duly filled DEMAT forms to convert it into DEMAT mode or only 2 form will suffice.?
Hey Darshan,
You will have to provide 2 DEMAT forms per date if the units are still under lock-in.
For ex – let’s say out of the 80 SIPs, 44 are in lock-in period & 36 are free, in this case, you will have to submit 2 DEMAT forms for each of the 44 Dates & 2 for the remaining 36. So in total you’d have to give 46 DEMAT forms.
It’s best if you raise a ticket in the same article you referred to earlier so that our support rep can guide you better.
good work by the coin team!
Coin now is lot better and good now to transfer all funds from other direct platforms. One thing i would request for having in Coin though.
A curve chart of all ones net balance amount over time against the invested amount . This could be a game changer.
will this be possible in future and why not now.
Hey Samir,
We’ll pass this on to our team building Console – our new back-office platform.
How do I get statement of elss funds. If I invest different elss .. how do I get different statement
Hey Manish,
Please refer to this support article to know how you can download your ELSS statement.
The improvements in Coin, Welcome. Do u mean I can invest Direct option in MF( as listed)
Hey G G R Kamath,
Yes, Investments in Direct ELSS funds are free.
Great initiative on ELSS which will attract new customers.
Congratulations zerodha and team.
Looking forward to see in number one spot with new features and initiatives.
Thanks
Pavan
Sir,
I am having ELSS sip and already crossed RS.25000/- What shall I do?
I am having ELSS sips only.
Hey Bhuvaneswari,
You’ll have to unsubscribe. Log on to Coin -> click on account -> Once you do, click on ‘Deactivate subscription’ to unsubscribe. For this, you need to ensure that your investment in non-ELSS funds is below Rs 25000/-
Ok Sir,. Thank you
Sir, I too have only ELSS investments.. What if I unsubscribe and in the future I need to invest more than Rs25k in non ELSS funds.. Can I resubscribe to coin again in the future?
Hi Abhinav,
Yes, you definitely can. The moment your transaction in non-ELSS funds crosses Rs 25000, your subscription will automatically become active.
The limit of 25000 is monthly or anually or in a mutual fund only please describe.
Hey Rakesh,
The limit of Rs 25000 is not time bound. Once you cross Rs 25000 worth of non-ELSS transactions, you will be charged the subscription fee until you redeem your non-ELSS funds and deactivate your subscription.
I have invested 4k in ELSS scheme
I want activate this .How can I??
Hey Krunal,
This will be applicable for you by default. However, be aware that your transaction in non-ELSS funds needs to be below Rs 25000 for this to be active.
Great! Very good initiative.
also add all mutual funds in direct option…..like SBI small cap fund & Reliance small cap fund.
Hey Vishal,
The direct options of SBI small-cap funds & Reliance small-cap funds are already available on the Coin app.
Thanks, i was not aware of that it is available on Coin app.
I was searching on website & unable to find the same.
Good job, keep it up!
Great!
On Coin, If I invest ₹24,999 in regular MFs and then start investing in ELSS, will ₹50 per month be applicable to me??
Hey Ankit,
In the scenario you provided, the Coin subscription charges will not be applicable 🙂
Really great News…. Thanks Nithin & Team Zerodha 🙂
Mr.Nithin,
Kudos for the excellent platform you have built.You should have a escalation matrix for investor problems.I am unable to change my SBM to SBI in my demat even after trying 2 times. Everytime your people say–signature not matching.Please give me a solution.My last resort is–coming to your office in Bengaluru from Hyderabad.
Entire India knows SBM is merged with SBI.They have to just change the IFSC.No change in account number.
Regards
Hey Prabhakar,
The IFSC numbers were changed for all SBM account holders after the merger. It shouldn’t cause an issue with your withdrawal payout. Could you please share the ticket number you are referring to, we’ll have this looked at.
If I have started Elss in regular method (not direct) what to do in this Case?
Hey Raghuprasad,
You can discontinue your investment in the regular plan and continue the same on the direct plan. Once the lock-in period for the regular plan is over, you can redeem it & reinvest it.
I have invested 40K in ELSS and 10K in L&T EBF, so will I be charged the monthly subscription fees? Because upto 20K of investment is free and ELSS is completely free. Please clarify, thank you!
Hey Chandan,
Log on to Coin -> click on account -> Once you do, click on ‘Deactivate subscription’ to unsubscribe. You will not be charged the subscription fee until your non-ELSS investment exceeds Rs 25000.
Thanks, I was not investing in coin just for the same reason, now I have a reason to invest through coin
You should offer free direct mutual funds on Coin. There are some websites that do that. I am not using coin just because of that. Rs. 50 is small for some, big for some. When you have a free way to do that, why not use the free platform.
Hey Vijay,
Every business has an inherent cost of operation and its not possible for a business to sustain offering free products or service. A business offering it for free will eventually have to charge you or find other ways to charge you for it if they have to survive.
Investing is a long-term endeavour and it is important to consider this when selecting a business to invest through.
Hi Zerodha team,
Direct MFs in which user investes remains at AMC under user’s name even if platform used to start SIP is no longer there. So, long term investment is not platform dependent for MFs.
It would have been great if Zerodha had find a way to keep coin free.
Keeping investments(stocks or MFs) attached to demat account might be increasing inherent cost? May be Zerodha can make coin free and offer robo investing assistant at a cost?
I would love to keep long term stock investment and MF both under Zerodha. Currently monthly fee for coin is going against it.
Nonetheless, good progress and good work by Zerodha team.
Vijay, i agree with you.
Please @NITIN sir…..help to save all “DRAWINGS” on chart to cloud……it is saved in browser cache and not visible in other devices.
Hey Harsh,
Drawings aren’t saved on the cloud. These are only stored on the local storage.
I have been waiting for the P&L report and also for SIP for small cap funds thanks a lot , Congrats ZERODHA
I just started using groww because of charges, may be I should have waited for this
Hey Pramodh,
You can still transfer your existing investments to Coin & invest in ELSS for free. You can check out the procedure here.
In the new backoffice, can you provide the option to include buy price for an ipo even after it has been sold. Since the shares are visible in holdings only on the morning of the listing day, if I sell them soon after listing, then i dont get a chance to input the buy price and this affects the p/l statement.
Hey Ron,
On Console – our new reporting platform, the prices will be updated on the listing day & you will be able to see the buy average of your shares.
If due to some reason the average price isn’t updated and you sell the share on the listing day, you will still be able to enter discrepant for those shares.
Add SWP and Switch options
Any best instrument How to select introday stocks or Any adviser if any.
Hey Sateesh,
Zerodha is purely an execution platform only. We do not provide any form of advisory/PMS services or tips. Please go through Varsity in order to learn how to make informed decisions.
This is really good news for me as an investor. I mostly invest in tax savings funds and was reluctant to invest as this monthly charge for 3 years was bit costly.
great work nitin sir and team zerodha thanks a lot
this means a lot for small investors like us no doubt im going to increase my elss saving in coin which can also provide me with corpus i may put into use on zerodha
Great option for people who will invest under ELSS Mutual fund…
Hey Pradeep,
We agree 🙂
Cheers!!!!!!
Congrats, Nithin and team… Keep up the good work.
I am waiting for this thanks Alot @ zerodha.
Coin indeed got a while lot better! ?
can we purchase Mutual fund NFO s through Zerodha coin
can we purchased elss throw zerodha
Hey Girish, yes you can purchase ELSS mutual funds or tax saving funds through Coin. Check out this article to know how to place an order.
I want to start this service. Please can your executive can explain this in detail. Thank you.
How long your mutual fund platform will be free? Will you charge fee or commission in future?Robo advisory platforms have to be sebi registered investment advisor or can function with amfi arn number
We intend to keep this free for the foreseeable future.
Brokers are not required to be an RIA as we are already registered with SEBI.
We don’t provide advisory to any of our clients