Comment on Introducing Coin - our Direct Mutual Fund Platform
commented on
04 Apr 2017, 12:57 AM
Hi Nithin
Good to see that you try to respond to as many queries as you can.
As the article mentions that holding above Rs 25000(sip or lumsump) will attract charges of Rs 50 per month Right ?
Lets say I have a sip of 25k per month. For the first month no subscription fee and thereafter from. The second month I will paying additionally ₹50 as the subscription fee for using your platform.
So you have given an example of 25 years timeline being invested into your platform. A user or investor of your platform will end up paying
550 for first year.
600 every year for next 24 years, which is 600 * 24 = 14,400
Subscription fee for 25 years will be ₹14,950. Is this what you are trying to.explain in an article.
This amount is irrespective of sip or lumsump amount. Only you will charge for platform fees.