Comment on Introducing Coin - our Direct Mutual Fund Platform
commented on
27 Mar 2017, 10:37 PM
Hi Nithin,
Good initiative. Appreciate your agile model.
Would be helpful if you take some time to answer my below questions.
1. Lets say I have a ‘X’ fund SIP going on in the regular plan. Can I continue the same from next instalment or should I compulsorily cancel that SIP and switch to its direct plan? If I can continue, will I be able to alter(increase/decrease) the SIP amounts for the future instalments?
2. The result of the search box in Coin displays only a set of funds that are provided under direct plan. Are no more fresh investments into regular plans possible?
3. Is there any special provision to switch the regular plans of the existing funds to direct plan of the corresponding funds or the existing funds need to be redeemed and invest fresh into direct plan?
4. The flat monthly fee of Rs.50 is for per fund or for per account?
5. If I have my total investments say 2 lakh for example in MFs out of which my investments in direct plan is less that 25,000 rupees, will I be charged the subscription fee of Rs.50?
Thanks in advance for your response.
I find only a limited number of direct funds currently exist for investment in Coin. I suggest you to bring the direct plans of most of the funds into coin which will mark the complete success of this transition from a distributor mode to direct.
Regards