Comment on Introducing Coin - our Direct Mutual Fund Platform
commented on
28 Mar 2017, 01:47 PM
Platforms are allowed to charge transaction/platform fees for offering direct plans. At 20k/month, you are paying probably upto Rs 3000/year just as upfront commission and upto 1% of your AUM end of every year as trail. So say you invested 20k/month for 20 years and markets returned 15%, if invested directly would be 3 crores, regular would be around 2.6 crores. 40lks more. You would have paid only Rs 12000 to use the platform vs saving of Rs 40lks. So yeah, the % commission has compounding to it.
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You compare to the MF-Regular Plan & Zerodha Direct Plans and says that we pay upfront charges rs 40lks & if we go with ZERODHA we pay only 12k……
but I says that if I invest through Zerodha-Coin platform — we Pay 12000 Rs……..but If we go with platform of AMCs and invest in Direct Plans….. we Pay 0 Rs (Zero) ….. so why have we goes with ZERODHA Coin…… only for Tracking Purpose — in One Place