Comment on Introducing Coin - our Direct Mutual Fund Platform

Nithin Kamath commented on 28 Mar 2017, 12:05 PM

Mihir,you will be charged this monthly fees of Rs 50 only after the next Rs 25000 worth of direct MF investments on coin. In the normal distributor mode, from your investment 1.5% upfront and 1% on your total AUM every year is paid out as commission to distributor. If you invest directly on coin, your investment will gain by that much. This is much better than investing through distributor mode. By paying this Rs 50/month after your first 25k investments, you save a lot lot more vs a normal fund. For example, if you invested Rs 3000 for 20 years every month, in direct your investment could be worth Rs 45lks and normal Rs 39lks. Almost 6lks more, which you would have saved as commissions. At Rs 50/month for 20 years you would have paid Rs 12000 (for all your MF investments) vs paying Rs 6lks as commissions in a regular fund just for this Rs 3000 SIP.

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