Say hello to the new Coin app

June 12, 2018
Featured, Mutual Funds

Investors,

It’s been over 5 years that SEBI made it mandatory for all mutual fund houses to offer direct plans. Even so, around 90% of retail individuals still invest in regular funds as they don’t know the difference between regular and direct plans — the ridiculous commissions paid out from their investment on regular plans for as long as they are invested. The reason for this is because businesses/distributors don’t have any incentive to sell direct plans and let go of all the earnings that they make selling regular plans. Also, since we Indians don’t like paying money for just advisory, it is extremely tough to set up a business just around selling direct mutual funds.

We started Coin with the goal of helping investors save commissions by offering them a platform to invest in direct mutual funds without any hassles. By offering them in demat mode, we not only offer the convenience of a unified portfolio across equity, mutual funds, ETFs, bonds, currencies and commodities, but we can also settle mutual funds similar to stocks – hence reducing our business overheads. This has helped us build a sustainable platform while still offering direct mutual funds where we don’t earn any commission from the fund house.

We launched Coin web in April 2017, and just over a year later, 80,000+ investors have invested over 2000 crores collectively saving 30+ crores in commissions – making Coin India’s largest direct mutual fund platform.* Special thanks to the BSE StAR MF platform for enabling all of this.

Dematerialise your existing investments and track them on Coin. Dematerialisation charges will be waived off until 31st October 2018! Read more.

Today, I am super excited to announce the launch of the Coin Android and iOS apps.

You can now invest in direct mutual funds on the go in just a few taps. The Coin app has been built to make the investing experience as easy and seamless as possible. Here’s what’s in store:

Login with Kite

You can log in with your Kite account to start using the app. Once logged in, you will see a brief snapshot of your portfolio, list of top funds being bought on the platform, and the best funds in the category to help you get started if you aren’t sure.

Intuitive search

In spite of the scheme re-categorization mandated by SEBI there are still over 3000+ mutual fund schemes in India, and choosing the right fund can be a tedious process. With that in mind, we have built the Coin search to make the process of finding and selecting a fund as easy as possible. Click on “Explore” once logged in.

You can directly search for a fund or browse across debt, ELSS, equity, and liquid fund categories. You’ll also see sub-categories under debt and equity to further simplify the process given, the wide array of funds under these 2 categories. You can easily filter funds based on the AMC, scheme type, minimum investment, CAGR and more.

New to mutual funds?

Investing on Coin just takes few seconds. Search for the fund, select the mode of investment – SIP or Lumpsum, enter the amount you wish to invest, select the frequency, and you’re done.

If you’re new to mutual funds, then check out the “Get started” section. We have created a few FAQs to help you familiarize yourself with the concept of mutual funds.

Portfolio

You can check the funds invested and P&L in this section.  You can now also track XIRR of your portfolio along with absolute return % (By selecting your preference in the “Account” section).  If you wish to make additional investments or redeem a fund, just click on the respective fund. You can also filter your portfolio based on the invested amount, current value, and P&L.

Check this post to know more about XIRR and right ways to monitor returns of your portfolio.

Easy order placement

Search for the fund of your choice and place an order or set up an SIP in just two taps.

You can also place a conditional lumpsum order to be executed once a certain NAV is hit, set order frequency and the number of instalments for SIPs or create SIPs that will stay alive until you stop them. View the funds 1, 2, 3 and 5-year CAGR, the current NAV, expense ratio, and exit load and place well-informed orders.

Tracking your orders

You can easily track the status of your pending lumpsum & SIP orders, and order history from the orders section.

Your account

You can track your subscription, manage funds (add and withdraw), set the portfolio returns preference (absolute, XIRR) from the account tab. You can now transfer funds using UPI. Soon you will also be able to set NACH E-mandates online to debit funds directly from your bank account for SIPs. If you like Coin, you can also help us spread the word by inviting your friends.

For more, you can check out app FAQs here.

Hopefully, all of you like the app. Download it here.

Help spread the word for direct mutual funds among your family and friends – you will be helping them save and earn a lot more in the long run.
Go Direct! 😀

Happy Investing,

Nithin Kamath

[email protected] Zerodha, working towards breaking all barriers that I personally faced as a retail trader for over a decade. Love playing poker, basketball, and guitar. “You don't have to be a hero to accomplish great things---to compete. You can just be an ordinary chap, sufficiently motivated to reach challenging goals.” - Edmund Hillary

134 comments

  1. Abhilash says:

    Discovered it a couple of days back, used it and loving it.

  2. Anurag says:

    Hi Nithin,

    Any updates when one can get STP and SWP support in coin?

    Thanks!

    • Hi Anurag, this will take us some more time. This STP/SWP execution logic has to be built on our side since we don’t rely on AMCs for this.

      • Gopal says:

        Great step Nithin..Can we access Kite from Coin android app?..Login again to kite?

        • Matti says:

          Hey Gopal, since they’re 2 different apps, you’ll have to log into each separately.

          • Mahendra says:

            Hi,

            Can we block some fund for SIP so that regular trading will not consume money from this fund. Like MF account, Trading account etc.

            BR,
            Mahendra

            • Matti says:

              Hey mahendra, this wouldn’t be possible. However, as Nithin has said in the post, we’ll soon add a e-mandate feature so SIP amount can be deducted from your bank automatically.

  3. GARIMA says:

    Dear Nitin Ji…

    “आपको एक ओर नई सफलता के लिये … बहोत सारी बधाई…”

    We all are extremely Grateful to you for all your & u r teams Hard Work and making investment simple and to reach every single Indian Investor…

    With Lot of Regards…
    Garima..

  4. vikas says:

    Hi Nithin,

    multiple arsenal for investors in recent days — nothing for traders !!!
    please bring something amazing for traders like me….

  5. Nikhil says:

    This app is lovely! I just love the UI and how easy it is to use!! Kudos to the designers of this app!!

  6. Rama Kant Yadav says:

    How can we place regular order from coin app ? It is not showing mode regular/direct in any place. Is it listing direct plan only in app by default ?

    • Matti says:

      Hi Rama. Not sure what you’re referring to, but the Coin app only shows direct funds.

      • Prakash says:

        If zerodha doesn’t earn commission from mutual fund organizations then from where they are generating income?

        • Matti says:

          Hey Prakash, since we only offer direct funds where no commission is passed back from the AMC, we charge a Rs. 50 monthly subscription fee for the platform for investments above 25k.

  7. Ankit says:

    Thank you Nithin for all that you are doing for us retail investors! More power to you!

    Since most advisor are still hung up on making commissions via regular mutual funds. It would be great to have an approved advisory list for us to seek honest advice from according to our goals and tenure and invest in direct mutual funds ourselves.

    • Matti says:

      Hey Ankit, as Zerodha, we’ve always stayed away from the advisory field as we’ve believed that predicting the markets to a degree of accuracy at which a business can be built is nearly impossible. You can check out the list of registered investment advisors (RIAs) on the SEBI website and consider getting in touch with one of the more reputed ones.

  8. Kiran says:

    I want to open trading account at Zerodha but i have already trading account at SBICAP Securities. Can i still open account at Zerodha? If not can you tell me what is the process to transfer my account from SBICAP to Zerodha?

    What is the charges for transfer funds from bank to Zerodha account & from Zerodha account to bank?
    Suppose i want to transfer 1,00,000 from bank to Zerodha account & 1,00,000 from Zerodha account to bank, then how much will be charged on each transfer?

    Thanks in advance.

    • Matti says:

      Hey Kiran, you can open any number of trading accounts. So, yes, you can open an account with Zerodha. We don’t charge anything for fund transfer via UPI. Netbanking transfers are charged at Rs. 9 + GST per transfer. There are no charges for withdrawing funds from your Zerodha account back to your bank account. More details on fund transfers here.

  9. Ninad says:

    Just installed the app. its awesome. UI is neat and clean. Thank You.

  10. anilsuman says:

    Hi Team, i a zerodha user. I felt the charge of 50 per month is too high for a small investor.
    2: what is the procedure to onboard my existing funds to coin platform and do you charge for that funds as well.

    • Pratap says:

      If Rs. 50 is too much (that works out to Rs. 600 flat fee per year) then you should going for regular plans of the funds, who charge far more than Rs. 600. The brokers who charge their fee (like FundsIndia) don’t care if you’re a small investor. They just cut your wallet.

    • Matti says:

      Hey Anil, to answer your question on pricing, yes, you will be charged for the transferred in investments as well. Also, as Nithin has mentioned in the post – “This has helped us build a sustainable platform”. For us, it works out with even as little as Rs 50 because this is a continuation to our primary business of allowing people to trade stocks. I know currently, we are all spoilt by choice with all the cash backs and free offers fueled by VC money pouring into Indian startups. But this ain’t going to last forever. When it stops, only platforms that have a revenue model will survive. It is important for you to be cognizant that unlike an online shopping portal where you are there only for that transaction, your relationship with a platform for investment is much longer.

      As for adding existing investments on Coin, you’ll have to get them dematerialised. The process for dematerialisation is described here. In light of the launch of the Coin mobile app, we will be waiving off the dematerialisation charges for our mutual funds until the 31st of October, 2018.

  11. Pratap says:

    Hi Nitin,

    We still cannot create customized baskets to group the SIPs we’re investing in. Like Portfolios. That would help track our goal wise achievements. Requesting you to bring this feature.

    Regards,
    Pratap

  12. Simanchal says:

    I like the coin app and its neat and clean design.
    If below features are added then it will become awesome.
    1. Provide an option to create a model portfolio(kind of short listing) before start investing in a MF scheme.
    2. Provide suggestions of Mutual Fund investments as per Investors’s Goals. This will help to new investors in deciding which fund to invest.

    • Matti says:

      1. On our list of things to do.
      2. We’ve intentionally stayed away from the advisory space as we don’t see any real value we can add for you here at this point. Advice has to be specific to each user and has to take into account a lot of factors to create a holistic portfolio that suits an investor. A generic, rule-based advice engine that takes a couple of parameters from you to suggest funds isn’t really adding any value to your investments.

  13. KAMLESH RASTOGI says:

    IF YOU PROVIDE STP’s THEN IT’S A VERY USEFUL, UNIQUE & FABULOUS APPS.

  14. Vaibhav Sheth says:

    Hey Nithin!!
    I tried to open an account for my child to purchase mutual funds in his name only to know that zerodha doesn’t open accounts in the name of minors:(
    Any chance of being able to this in the future??

    • Matti says:

      Hey Vaibhav, for investing on Coin, you’d need a Zerodha trading and demat account. Unfortunately, trading accounts for minors aren’t allowed. What you can do here is to open a trading & demat account for yourself to purchase the funds and just a demat account for your child to transfer/gift them to.

  15. Abhi says:

    @nithin, @Matti,

    This is certainly a welcome move. Thanks!

    Would be great if you can clarify the following:

    1. Just wanted to know if an investor can open a “coin” only account with Zerodha? (Would be ideal for people like my parents who would like to invest in MFs only.). With the coin app, everything else is sorted for direct MF equity investments!

    2. The demat charges applicable for redemption of mutual fund holdings from coin seems to be Rs.6.49/- per redemption. Is this charge applicable for partial redemption also? Frankly I was surprised at the levy of this redemption charge despite the monthly coin fee of Rs.50/- plus taxes. Nevertheless, please clarify if this is applicable for partial redemption too and see if you can waive this entirely as systematic withdrawal of funds would become less lucrative if partial redemption is charged.

    • Matti says:

      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. 🙂

  16. Siva says:

    @Nithin, I don’t understand your idea to keep separate apps for Stocks and mutual funds ? Any reason to keep the separate ? Anyway, i love the products coming from zerodha. keep doing good work.

    • Matti says:

      Hi Siva.

      The idea is that mutual fund investing and stock investing are completely separate activities. Having all these functionalities in a single app would create a lot of clutter. Not everybody does both, so, for the greater good, we’ve kept this app separate.

      • Zerodha User says:

        Then why charge them together? Why not separate that as well. As a MF only investor, I do not need trading account. But the current setup forces people to open trading account as well and pay for it.

        • Matti says:

          You’d need to transfer funds to the trading account in order to invest in MF since we can’t debit the bank directly.

  17. Shail says:

    Hello Matti,

    I had been investing in direct mutual funds for a while now. I tried coin and liked it. I intend to transfer and consolidate my entire corpus into coin along and them make fresh investment through it as well.

    But I am not sure if transferring direct MFs is support. Please advice.

    I would like to start investing on Coin but only when I have every thing consolidated at one place. I hope my question makes sense. Thanks!

    • Matti says:

      Hey Sahil. You can indeed add your existing investments on Coin, you’ll have to get them dematerialised. The process for dematerialisation is described here. In light of the launch of the Coin mobile app, we will be waiving off the dematerialisation charges for our mutual funds until the 31st of October, 2018.

  18. Rajat Anand says:

    love your new idea of new coin app it makes it easier to track everything

  19. Avisek says:

    Did you stop charging on direct mutual fund !? Because paytm launch direct mutual fund and they are not charging for it , policy bazar also doing the same ..

  20. A says:

    How can import my CAMS mutual funds?

    • Matti says:

      You can add your existing investments on Coin, by getting them dematerialised. The process for dematerialisation is described here. In light of the launch of the Coin mobile app, we will be waiving off the dematerialisation charges for our mutual funds until the 31st of October, 2018.

  21. arun says:

    can NRI’s invest through coin

  22. Pradeep Kumar says:

    Sir, I am not able to search regular funds in Coin app, as It can be seen on coin website. Please include Regular Funds list in Coin App also.

  23. Shardool says:

    Hi Nithin,

    Have you provided an option to upload existing MF portfolio in Coin?

  24. Amrut Rajaram Lad says:

    My account is zerodha but i can not login coin

    • Matti says:

      Hi Amrut. You need a Zerodha demat account to invest in mutual funds through Coin. IL&FS account holders cannot invest in MF through Coin.

  25. Manoj says:

    Can we track our existing portfolio through the app..

  26. Manjunath M J says:

    Hi I have mutual funds invested offline. Can I bring that MF holding to coin. Does it incur any charges.

    Kindly provide info on this

    Regards
    Manju

  27. ANUP GHOSH says:

    please suggest , in which mf return 15% in five years

  28. Vipul Sorkar says:

    nithin bhai, you are a god. Teach me!!!

  29. Vinod Ghanekar says:

    My dad account is axis bank demet account I want to transfer that account to zerodha kindly share te procedure.

    • Matti says:

      Hey Vinod. You’ll have to open a Zerodha account for your father then submit a closure-and-transfer form to Axis (obtained from them) with the Zerodha demat account details.

  30. ashish vashistha says:

    my account showing balance in( -)minus .may i know about this? why it is showing?

    • Matti says:

      Hey Ashish, you would have sold holdings form your demat account, for which DP charges would have been deducted. I suggest you create a ticket here for more details.

  31. Udit Chugh says:

    Looks amazing! Eases monitoring portfolio and the ordering process and even allows placing conditional orders. But my favorite feature from all was to Add funds with Tez, a very neat idea! I guess the quickest way to add funds to Zerodha account!

  32. Sreenivas says:

    Just installed the app. The UI is wonderful, world class experience and very smooth infact.

  33. Prasad says:

    It mean no additional charges? No annual charges? If its their how much?

  34. Althaf says:

    Hi,
    Is there any ‘Sharia Compliant’ ELSS mutual fund to invest?

  35. Ram says:

    Is it possible for us to start SIP in small caps funds of SBI and Reliance where only SIP allowed with this app ?

  36. Abhijit says:

    If i invest in Liquid Fund through Coin , can i use this investment as Margin/Fund collateral for my Zerohda Trading account ? If YES then pl give complete details

  37. Akarsh says:

    Hi,

    Beautiful app. 👏👏

    I hope this company becomes the pride of the nation someday.

    Please Nithin Sir, let me buy some Zerodha shares.🙋🙌🙏.

    Thanks

  38. Akarsh says:

    Hi,

    How can one check if her/his Mutual fund (bought at coin) is already in Demat form or not?

    Thanks.

  39. Prakash Joshi says:

    What will be the charges for transacting and demat account charges for the MF account. I am a very small trader on zerodha. I may consider transferring my MF investments in direct as well as regular schemes. I have opened accounts on each fund house and hence I have to track each acc seperately.
    Rgds
    Prakash

    • Matti says:

      Hey Prakash, we charge Rs. 50 per month for overall investments above 25k. No transaction fees as such. There will be a DP charge of Rs. 5.5 + GST when you’re redeeming funds.

  40. Vishal Chothe says:

    Hi Nitin, Thanks for the new app. Liked it.

  41. Pradeep says:

    Hi Nithin, great news and app!

    Go the news yesterday and installed it right away! Did some research and ordered my first MF through Coin app today morning. I was waiting for Coin app after getting addicted to Kite app! 🙂

    Question: Are there any charges/fees for adding money into Coin app every month? Since, bank ECS is not supported, it’s hard to remember to add money into our trading account. Hope to see ECS in near future.

    Pradeep

  42. Sanjib Das says:

    Hi,

    I am waiting for the STP in the COIN. Any idea when will it be implemented in COIN?

  43. Akarsh says:

    Hello,

    Will a person always be logged into his coin account or will it auto log out after sometime?

    Thanks.

    • Matti says:

      Hey Akarsh, we’ve built the app so that you can log in once and then stay logged in until you logout manually. We’ll soon also add a PIN auth to the app.

  44. Sachin says:

    Hi Team Zerodha,
    Few comments/Feedbacks
    – Why you guys are making separate app (COIN) for MF? Option should be added in kite app only.
    – Why User Bank details are not registered with SIP for direct deduction from Bank Accounts
    – Add option to invest in IPOs directly from kite account
    – MIS charges are too high, reduce it

    Thanks Sachin

    • Matti says:

      Hey Sachin,

      1. Coin is a mutual fund investing platform, Kite is a trading terminal. The two were intentionally kept separate so as to not add too much clutter into one platform confusing users.
      2. We don’t require bank details as funds from the trading account are deducted for MF investments. Also, as Nithin has said in the posts, we’ll also soon have e-mandates that will allow SIP instalments to be directly debited from the bank account.
      3. IPOs can be easily applied for online from your netbanking using the ASBA service. All you need is the DP ID, which is available on Kite and Q. That said, we may consider this in the future.
      4. Not sure what you’re talking about here.

  45. Manju says:

    Why another separate app for coin (mutual funds) ?.

    While its beautifully integrated with the kite app.

    Is have to maintain two separate apps !!!!!

    • Matti says:

      Coin is a mutual fund investing platform, Kite is a trading terminal. The two were intentionally kept separate so as to not add too much clutter into one platform confusing users.

  46. Himanshu Lakhyani says:

    Hi,

    Will it be possible for you, to add more than 3 suggestions in every category. Like suppose I am searching for ELSS mutual funds. Then right now you are showing only 3 suggestions.

    Maybe you can add a list of top 10 recommended by you and a top 10 recommended by top consultants and so on.

    This is just to broaden up the options that I can have

  47. Karthiram says:

    Its good to see a dedicated app for Coin. But it would be great if you populate both Equities and MFs in the same portfolio screen..
    One clarification — You are offering free dematerialisation of existing MF holdings. While doing so, my holdings in will cross 25K mark. So will you charge the 50Rs per month???

    • Matti says:

      Hey Karthiram, you can, in fact, see your equity and MF holdings in the holdings section of Kite, and the backoffice, Q. Yes, once the investments cross 25k, the Coin subscription charge would be applicable.

      • Karthiram says:

        This is not fair. We are not investing through coin right..? moreover those holdings may not necessarily be “Direct” investment.

        • Matti says:

          Hey Karthiram, once you transfer these funds in, the platform would see these as investments being tracked on it, and you do get the ability to track them, sell them, etc, hence the charge.

  48. Simanchal says:

    It is good to have pin and fingerprint based login for the Coin app. It is tedious to login everything with username password and again 2FA answers.

  49. Raju says:

    It’s good that you have brought a new app altogether dedicated for mutual funds. However, in my opinion, it would be of great convenience if the development is integrated with Zerodha Kite App itself. Though both the apps are ‘single sign-on’ basis, it is always better to have an integrated/comprehensive single app for an entity, irrespective of kind of facilities the apps offer. Thanks

    • Prakash says:

      Hi Raju,

      I am a zerodha user and I would have found it difficult to rectify which is a mutual fund and which is equity.

      As you know many stocks are named like hell.

      But yes if a separate tab would have been given in kite dedicated to MF it would have been better. As nowadays there are so many apps eating out memory of the mobile.

      Regards,
      Prakash

      • Matti says:

        There is a separate filter in Kite holdings on the web for Mutual funds. The new Kite app will also have this, for monitoring, but you’d have to use Coin for transacting in them. Having everything in one app would just create a lot of clutter leading to confusion.

    • Matti says:

      Hey Raju, these are intentionally kept separate to avoid clutter and confusion.

  50. priyanka says:

    Hello please send the direct details of mutual funds

  51. Kssml says:

    I could not FIND newMfo UTI NIFTY NEXT 50 INDEX FUND on Coin. Why it is not in the list. How can I invest in the above MFO. PL.EXPLAIN.regards kssml

    • Matti says:

      Hi. This fund isn’t launched yet. The NFO is slated to close on 22nd June. The fund will be available on the platform in July/August.

  52. Gaurav says:

    Hi Nitin,

    Congrats for the milestone. Please consider below feedbacks:

    1. Consider showing the XIRR of complete portfolio beside P&L
    2. Possibly try to list sector allocation details of a MF. Currently a user has to navigate to various websites to find out more about a fund.

    Thanks.

    • Matti says:

      Hey Gaurav,

      1. Perhaps in the future.
      2. The MF holding data is only published once every quarter and the holdings may change in between these three months. As such, we didn’t see the value add this data would have since there can be no guarantee that it is accurate.

  53. Karthiram says:

    When i tried to add funds from Coin App, i m getting error as “Invalid Payee MCC Code”…. what is the issue?

  54. Mahendra says:

    Hi,

    Can we block some fund for SIP so that regular trading will not consume money from this fund. Like MF balance, Trading balance etc.

    BR,
    Mahendra

  55. Saikiran says:

    Awesome!!

    I would like more features to make it complete.

    Few enhancements :

    1. Is it not possible to show list of stocks in a fund and it’s holding percentage? At least sectors percentage?

    2. Search by scrip name and display list of funds who has the scrip. There are few costly shares like mrf, page, Bosch etc in which small size investors cannot enter rather would be interested in buying funds who hold them.

    Regards,
    Sai

    • Matti says:

      Hey Saikiran,

      1. The MF holding data is only published once every quarter and the holdings may change in between these three months. As such, we didn’t see the value add this data would have since there can be no guarantee that it is accurate.
      2. Again, since the data is delayed, this search may not be accurate, hence not something we’ve added.

  56. Sarthak says:

    I wanted to ask that will the TER expenses will be deducted if we invest directly in mutual funds?

    • Matti says:

      Hi Sarthak, yes, all funds have a TER, i.e., an expense ratio. The difference is that, for direct funds, this is much lesser as compared to regular funds.

  57. Akarsh says:

    Yo,

    Few things I picked from above comments. Please comment.

    ‘Can we block some fund for SIP so that regular trading will not consume money from this fund. Like MF balance, Trading balance etc’
    – by user.

    1. Would this not be a useful feature?

    ‘We’ll allow users to monitor their investments on Coin (here talking about MF tab in Kite app), just not add features required to do anything else’
    – by Matti.

    2. Doesn’t this take away bulk of Coin app’s powers?
    I mean most (maybe) of us, would apply for MF, would only want to monitor MF, & be done with it. (Think small investors). Not to mention that funding of coin occurs through kite only (as of now). Since basic life cycle of MF is covered in Kite app itself, doesn’t this take away bulk (not all) of coin’s powers?

    3. Why is the Rs. 50 + 18% GST charged? To keep the kite app running?
    If one were to not opt for the app and use the coin website instead then wouldn’t this charge become meaningless? (I don’t mind paying. Just a Query.)

    ‘Also, as Nithin has said in the posts, we’ll also soon have e-mandates that will allow SIP instalments to be directly debited from the bank account’
    – by Matti.

    4. Wouldn’t this make Coin more independant? Then why keep the MF tab in Kite app?

    Wouldn’t it be better if these two were completely seperate apps?
    I mean there are people who only want to invest not trade. I even tried to get my mother to invest but in the end she told me that if it was only MFs then she would, but, one would also have to take care of the trading account, on top of that pay AMCs for not using the trading account.

    Thoughts?

    Thanks.

  58. Vinit says:

    Dear Nitin ji, Matti ji, Saleesh ji,
    I’ve MF in Demat form in another company. How may I transfer that in Coin?

    I had also had word from Saleesh ji, that Q will be updated. I’ve transferred my entire stock from another Demat to Zerodha, but average price and PnL report are not correct. Plus manual error from my side as not rectified since more than 6 months.

    I’ve two choices, switch entire Zerodha to other account, as I’ll already get correct PnL and services or switch my 3rd Demat into Zerodha, if Zerodha provides better service.

    I like your model, plus it’s pocket friendly. But if it’s without service, it turns difficult.

    I’m fed up of multiple accounts. I’ve turned from 4 accounts to 3 now, and next is from 3 to 2.

    Help me make a choice.

    Regards,
    Vinit Kothari

  59. Amit Mane says:

    Hi Nitin,

    While I am checking available mutual funds on Coin, I observed few of mutual funds are unavailable. (Example SBI small cap mutual fund in unavailable on Coin).

    Just wanted to share this so that all mutual funds will get available to users and app will be more useful.

    Best regards,
    Amit Mane

  60. MANIKANDAN says:

    hi
    some mutual fund allows daily purchase also. can i do same in zerodho too?
    then hdfc mutual fund have flexi sip plan. can i get same plan in coin too ?

  61. Sudhir says:

    Just out of curiosity, the Coin app built in Flutter?

  62. SAMIR says:

    Hi
    for many years i was always looking for an mutual fund app for both demat and otherwise, on a single platform.Would coin app have this in place.any plan in future?
    Also please could the net worth be plotted on a chart and offered against a value added service .I am sure there would be many takers.
    Rgds
    samir

  63. Alok says:

    Hi,

    Used the coin app and liked it. The only draw back is that for liquid funds, im not able to get previous day NAV where i end up losing a day’s float.
    Can you pleade get it sorted asap coz as an investor i lose money if i wana do transactions via net banking as bank upi limit is 25k per transaction per day. So have to tranfer ends via netbanking whr i incur 10 rs as charges. Second im incurring loss for a day’s float as well. This is almost equivalent to investing in regular liquid funds.

    Regards,
    Alok Sharma

  64. sharma sk says:

    Hi , Great UI , I love that add fund option. its easy to use and time save.
    can you add this on kite app also pls…

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