Comment on Free ELSS investments on Coin
commented on
03 Aug 2018, 10:57 AM
Can you please explain the last two lines in the text below, You are saying there is no fee and again you are telling there will be Rs 50 PM going forward, I am not clear on the below.
” So, starting today, we are waiving of the subscription fee for all investments in Equity Linked Saving Scheme (ELSS mutual funds) or tax saving funds even if you cross the Rs 25,000 limit. That means, if you are investing only in ELSS direct mutual funds, you won’t be charged the subscription fee of Rs 50 PM even if your total investment cross Rs 25,000. If you are currently investing only in ELSS funds, you can click unsubscribe from Coin to avoid paying Rs 50 PM going forward”