Comment on Say hello to the new Coin app

Matti commented on 13 Jun 2018, 02:43 PM

Hey Anil, to answer your question on pricing, yes, you will be charged for the transferred in investments as well. Also, as Nithin has mentioned in 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 a 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.

As for adding existing investments on Coin, you’ll have to get them dematerialised. The process for dematerialisation is described here. In light of the launch of the Coin mobile app, we will be waiving off the dematerialisation charges for our mutual funds until the 31st of October, 2018.

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