Comment on No DP charges on Coin redemptions!

Bhuvanesh commented on 06 May 2019, 03:16 PM

Hey Renjith, before I explain the difference between these platform, it’s important that you know the difference between regular mutual funds and direct mutual funds.

Every mutual fund has 2 plans – regular and direct. Regular mutual funds are sold by distributors and hence have higher expense rations compared to direct plans of mutual funds. It’s the same funds, same fund manager but the costs differ. You should check out this post to know more.

Out of the platforms you mention, ET Money and Paytm offer Direct plans but Scripbox doesn’t.

Here’s why Coin:
1. Create, pause, and modify your SIPs anytime you want, instantly and hassle-free
2. Fund your SIPs instantly through UPI payments
3. A single portfolio view for all your direct mutual funds, ETFs, stocks, and bonds
4. Single nomination for all your investments. On the other platforms, you will have to submit a separate nomination for each fund you hold separately.
5. With a Zerodha account, you get access to a whole suite of cutting-edge financial platforms such as Kite, Console, Sentinel and more.

View the full comment thread »