Comment on Introducing Coin - our Direct Mutual Fund Platform

Padmanabh Shenoy commented on 28 Mar 2017, 05:12 PM

Hi Nithin,
Congratulations on this pioneering effort. This is the first platform that provides investment in direct plans across different mutual funds. Until now investment in direct plans across different mutual funds was painful as the investor would require as many online accesses as funds invested into. This is a game changing facility for investors to be able to invest in direct plans of different funds from one point with only a single online access and that too at a very negligible cost of Rs 600 p.a which again I should say is a pittance compared to the huge difference in the returns. Most banks/platforms charge this amount or more as fees over and above the upfront and trail commissions. I wonder why investors are still raising questions. Kudos to you and your team for this wonderful offering.

I was in your office today for a meeting with smallcase and would have been happy to meet up with you. Regards and all the best.

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