Comment on Start investing in mutual funds @ Zerodha

Faisal commented on 12 Jan 2017, 11:05 PM

Hi,

1) Yes you can transfer your existing mutual funds from another broker or distributor to your Zerodha account. We deal with mutual units that are only in demat form, hence, if your units are not in demat form then you can write an email to [email protected] and our team will assist you with the procedure for dematerialization of the units.

2) We do not levy any extra charges for any investments through our mutual funds platform.

3) As you have mentioned that you have been investing directly from the AMC websites thus your investments will be in a direct plan of the mutual fund schemes and not a regular plan. If you have transferred the units to your zerodha demat account then the units will not reflect on the mutual funds platform or in your Q back office. You can verify the units by generating your demat account statement. Your investments through our platform will be in regular plan and will contain a different folio number.

4) We are providing you the convenience of investing in various schemes via one account rather than opening an account with each AMC. At Zerodha, your investments are consolidated under one portfolio and you can track your investments with ease. Also, you can edit/pause your SIP at any point of time, a feature which no other distributor provides on their platform.

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