Comment on Introducing Coin - our Direct Mutual Fund Platform

Nithin Kamath commented on 27 Mar 2017, 07:08 PM

Victor, we are charging zero brokerage. But people who sell mutual funds earn a commission back from the AMC for selling the funds. That is why most people around you sell you mutual funds, since they get to earn from the AMC for all funds sold. If you continue your Rs 6k SIP, 1% upfront and 1% end of every year will be paid back to Zerodha as commission from AMC. Yes, if you switch to direct, the next 25k of investments will not have that Rs 50/month charge.

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