Comment on Introducing Coin - our Direct Mutual Fund Platform

Nithin Kamath commented on 13 Jun 2018, 07:54 AM

Hi Ramesh, hence I mentioned on the post – “This has helped us build a sustainable platform”. For us it works out with even as little as Rs 50 because this is continuation to our primary business of allowing people to trade stocks. I know currently we are all spoilt by choice with all the cash backs and free offers fueled by VC money pouring into Indian startups. But this ain’t going to last forever. When it stops, only platforms that have a revenue model will survive. It is important for you to be cognizant that unlike an online shopping portal where you are there only for that transaction, your relationship with a platform for investment is much longer.

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