Comment on Coin is now completely free!

Lindo commented on 30 Oct 2019, 04:16 PM

Hi Kaushik,

This is answered in the post itself “People moved to other regular mutual fund platforms who don’t charge a platform fee but earn commissions by selling regular funds, without realising that the neglible Rs 50/month doesn’t even come close to the tens of thousands, if not lakhs, they’d have lost in hidden commissions to regular mutual fund platforms.”

Coin will continue to be free, the monetization plan quoting from the post again:”We’ll soon be starting our Loan Against Securities (LAS) business and hope to be able to monetize by offering loans to anyone wanting to borrow against equity and mutual fund holdings. As you know, our mission with Coin has always been to make direct mutual fund investments easy and accessible to everyone. We hope this move gets us closer to that goal.”

View the full comment thread »