Comment on Say hello to the new Coin app

Matti commented on 13 Jun 2018, 05:08 PM

Hey Abhi,

1. A “Coin account” is essentially a Zerodha trading & demat account. If you’re only using Coin, nothing changes for you as a user.
2. Demat charges are levied by the depository (CDSL in this case) on each debit instruction on the app. Hence, the charge is levied. Even partial redemptions are essentially a debit instruction to your demat account (similar to debiting money from your bank account). This charge is quite inconsequential in the larger scheme of things, considering mutual funds are long-term investments. We’ve minimised this charge to as much as possible. 🙂

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