Comment on Start investing in mutual funds @ Zerodha

Vivek Mathur commented on 22 May 2016, 02:54 PM

Thanks for your response, Nithin. Yes, LIQUID Bees is a good option and I am using it already, but as you know, the dividend returns from the Bees take a major hit because of the high dividend distribution tax (almost 28%) taken up front. The Bees annualized actual return is only about 4.8%. Liquid Mutual funds (growth option) would yield anywhere between 7.5-8.5% annualized and hence are a significantly more desirable pledge 🙂 I am sure there are many folks out there waiting for mutual funds to come into the “pledge fold” so that they can use this capital for FNO. I truly hope you and your team will be able to work thru the operational issues and make the mutual fund pledge a reality for us users.
I would also like to point out that over the last 2 years, your team has done a remarkable job with stabilizing your systems and providing great trading products for the user community. I hope you will take into consideration demand for being able to pledge mutual funds as well.

Thanks for your time,
Vivek

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