Comment on Introducing Coin - our Direct Mutual Fund Platform
commented on
28 Mar 2017, 12:17 PM
Rakesh, every scheme has two NAV’s one for regular and one for direct. The direct NAV will have much lesser expense ratio (since no distributor has to be paid). Assuming you invested 3k/month as SIP for 20 years and assuming markets returned 15%, direct MF would have returned 45lks, normal Rs 39lks. So around 6lks more. With our platform, you would have paid Rs 12,000 for 20 years and saved 6lks as commissions. Also, our charge of Rs 50/month is irrespective of the value of investments, but with normal those charges are just on that Rs 3000 SIP month.