Start investing in mutual funds @ Zerodha
Traders and Investors, our mutual fund platform coin.zerodha.com is now live. Continuing with our tradition of innovation, there are many firsts.
Easy execution
- Search any fund.
- Analyze historical performance.
- Click on Buy for lump sum or one time investment, and SIP (systematic investment plan) if you intend to invest small amounts of money at fixed interval automatically.
Search and click on Buy or SIP to start investing
You are just one click away from buying any mutual fund after logging into the platform. To login use your trading (Kite) login ID and password. Currently mutual fund purchases are enabled for only those clients who have Zerodha demat account (Not IL&FS or any third party demat account) mapped to the trading account. If you don’t have a demat account opened yet, print the pre-filled form available here, sign, and courier to have the account opened within 24 hours.
For everyone investing in mutual funds for first time, it is important to note that unlike stocks where price changes every second, the NAV (Net asset value) price of mutual funds change only once at end of every trading day. Orders placed to buy or redeem a fund are typically executed based on the NAV price of the next trading day.
Mutual funds in Demat
- Among the first few platforms in India to offer convenience of holding mutual funds in your demat account along with all your stock holdings. A single portfolio view for all your investments.
- Investments using a demat account also ensure that your dependents get easy access in case something unforeseen were to happen in the future.
- Similar to how you can pledge stocks, exchange approved mutual funds (list will be shared soon) can be pledged to receive margin for trading F&O. Essentially investing in mutual funds at Zerodha will be very similar to investing in stocks.
Zero fees
Mutual fund investments similar to investing in stocks at Zerodha will be absolutely brokerage free.
Order placing
- All orders to purchase or redeem mutual funds placed before 1.30 pm are placed on the MF execution platform (BSE Star MF) on the same day (T day), and will be executed on the end of day NAV price.
- Orders placed after 1.30 pm are placed the next trading day (T+1), and will be executed on the T+1 NAV price.
- Buying mutual fund requires you to enter the value or amount in rupees whereas redeeming requires you to enter the number of units. This is different from stocks where you enter quantity of stock and price at which you want to buy or sell.
- Out of the 40 AMC’s in India, we are currently empanelled with most of them. If you are not able to search for a particular fund house, it means we are in the process of getting empanelled with them.
NAV tracking conditional orders
For the first time in India you can now set conditional orders which track the NAV price. Whenever your preset NAV trigger price is reached, an order with value to buy or redeem mutual fund units is placed. NAV’s are declared by mutual funds before 11pm everyday, and such NAV tracking conditional orders are placed before 1.30 pm next trading day if your set NAV trigger is met, to ensure you get to buy or redeem immediately.
These orders are good or valid until cancelled. An email alert is sent as soon as any conditional order is placed. This will ensure that you don’t have to keep checking NAV prices, and can run your investments in MF on an auto mode.
MF buy order window with option to set conditional order
You can place similar orders like above to redeem mutual fund units by visiting your portfolio and clicking on redeem. You can also cancel all pending conditional orders and view your order history as shown below.
Accessing portfolio, SIP’s, and Order history
Easy SIP
SIP or systematic investing plan is when you invest small periodical amounts instead of lump sums. This is a very popular way of investing and rupee cost averaging over long period of time ensures that investor gets maximum value even with volatility in the markets.
Traditional mutual fund platforms require you to sign up ECS or NACH mandate so that these small periodical amounts can be debited from your bank accounts. This is quite a tedious on-boarding process, and requires one mandate for every fund house.
On the Zerodha MF platform, you can start as many SIP’s as you want with a click of a button without having to sign any mandate forms. As long as you have funds available in your Zerodha trading account on the buying date set by you based on your SIP interval, the SIP order will be placed. We will also send an email alert before the SIP date.
SIP order placing
All SIP orders can be paused and restarted anytime by visiting the SIP menu as shown below.
SIP order – pausing and restarting
Don’t know where to start?
We have selected three funds for you to get started investing in mutual funds. A diversified fund for long term wealth creation with no lock-in period, a tax saving fund to create long term wealth but with a lock-in period, and a debt fund for fixed income with no equity exposure.
Visit coin.zerodha.com to start investing in mutual funds now.
Happy Investing,
i am looking to open mutual fund account
Hello,
I am biggner with zero knowledge of invest in SIP. As i said i have no knowledge about SIP investing so i need something which can suggest me to invest in SIP without loosing, i dont want much profit but avoid to loose. So is it possible. Kindly guide me.
Sir I can\’t able purchase the NAV and I have problem in login to cashier Please try to recover it soon
Summary: The user is not able to click on the search box \”Start Investing in Over 2000 mutual funds\”
Steps to reproduce:
Note:- https://zerodha.com/z-connect/general/start-investing-in-mutual-funds-zerodha
1) Click on the link above.
2) As you enter the website, navigate to the search box on the website that displays a message as \”Start Investing in Over 2000 mutual funds\”
3) Click on the search box
Observed- The search box is not clickable and does not work as intended.
Expected – The search box should be clickable and work without any issues.
Hi, is it possible to open minor account in zerodha to invest in mutual funds with minor account?
Hi Rajendra, yes it is. The account opening process is mentioned here.
Check out the FAQ section to learn more about investing in mutual funds for minors.
I already have Demat account in Zerodha, how can I start 5 mf of sip ₹ 500/ month for each.
Is there any way to place conditional order for mutual funds with the new system of payment directly from linked bank account?similar question by Sid on 30 Jan24 is unanswered!
Hi Veera, we\’re working on bringing this back. Will keep you posted.
There is nothing in the app just 4details of ltp, total p/l n days %
How could u arrive without previous close n how will know individual performance with %, sharekhan is musch better, in one line they will all detaila live p. Cl, open, high, low ltp, days p/l, days %, overall p/l n overall %
Hi Srinivasalu, we are continuously looking to improve our users\’ experience, if there is anything specific we can look into, please contact us at https://support.zerodha.com.
Is conditional order functionality discontinued?
i am mutul fund distributor ARN HOLDER i want to zerodha mutual fund distributor empanlemnt so please provide link or procedure on my mail id or my contact no 9814934710
Hi team,
Can I buy/sell mutual funds without having a trading account? I am willing to have just the demat account because if the losses in the equity and options market.
I am trying to login with mutual fund in zerodha for the first time and the website mf.zerodha.com not working..
getting message as \”There seems to be an issue reaching our systems. This usually indicates a network issue. \”
tried to open with broadband connection and mobile data also, same error appears.
Hi Bharat, ycou an login to Coin, our mutual funds platform at coin.zerodha.com.
Can I use fund balance in Kite to buy mutual funds in Coin?
Hi, funds in your Zerodha trading account cannot be used to invest in mutual funds anymore. The funds for all purchases will have to come from your primary bank account linked to your Zerodha account. Check out this detailed post for more information: https://t.co/x2HAB8tgFF
HI
I am totally new to this platform. I am retired person and wish to invest in MF. Please help me how to invest through zerodha
Hi, you can invest in mutual funds through Coin, our direct mutual funds platform. You can check out the process here.
SIP are failing now since RBI said cannot use trading account for mutual funds. How to create new SIP now?
Hey Partha, as per new SEBI regulations, funds in the trading account cannot be used for MF investments. You will have to make the payment from the primary bank account linked to your Zerodha account. We\’re also working on making mandates available for automatic SIP investments. Please check out this post for more details.
there are tow types of Mutual fund ,Direct (directly through AMC)and Regular,Can direct Mutual buy from Zerodha? Means if you b
buy through Zerodha platform Mutual plan will be direct or regular?
Hey Swati, all mutual funds offered on Coin are direct plans. You can learn more here.
Dear Team,
I am using your app but not how to use for SIP(mutual fund), please guide me through Zerodha APP.
Sanjay Kumar Jha
Hey Sanjay, we\’ve explained the process for starting SIPs on Coin here.
hi, I placed sip from zerodha, got a mail directly from each AMC about my investment details. When I did lumpsum investment from zerodha, I got a mail from zerodha about my investment details but not directly from the AMC this time, Why? this happens. when we do lumpsum investment if we get from direct AMC confirmation will give more confidence of our investment.
1. The order was placed 2 days ago, but the status still shows as TMC. Has the order been placed? If not, when will it be?
2. I had placed request for an e-mandate. But since it was delayed. I paid an amount of 10,000 however it is not reflecting on my account. How do I resolve this?
I have my MF SIPs in Fundsindia. How can I transfer all the SIPs to Zerodha without closing the SIPs?
I placed an order for two SIP\’s on Friday evening, an dita Monday evening but still my portal shows processing- order sent to AMC.
I selected the date 10th so that I can begin my payments from today itself.
Will it now get delayed for a month?
Please help me
Hi I wanted to buy Mirae Asset NYSE Fang + ETF, but it is neither listed on Kite Zerodha nor Coin Zerodha. I tried buying it directly from Mirae website, but they are asking for Distributor ARN number, subdistributor ARN number, EUIN Code, EUIN declaration, blah blah blah. I am unable to find correct ARN number for Zerodha on Google. My relative bought the exact same ETF while this fund was an NFO from ICICI Securities easily. I fail to understand why Zerodha, being the No. 1 broker in our country failed to list the ETF on their platform? And it still has not.
Hi facing similar issue with transferring sip from distributor to zerodha. Does anyone have any solution for this yet?
Hi ,
Please can someone will help me in this error, i am trying to buy a mutual fund of Mirae asset emerging bluechip fund – direct – growth plan. When i go click to proceed it gives me popup that \” Order Placing Failed. Purchase not allowed for today\” . Please suggest. Thanks.
I am facing this same issue. Has anyone found any solution for this?
Dear Sir I want invest in SIP 15 years and my target is 60lacs .so how much monthly i have start SIP
pLEASE LET ME KNOW
I took 3 sips. I was ready with everything balance and orders in my coin account for the last 2 days. But the orders were \”processing\” and \”sent to AMC\” only at 11.30 pm last night. And since then they are stuck like that. No investment yet showing. Now my coin balance is also showing some negative amount. What is going on does it take so long usually?
Shreya, we\’ve explained it here; you can create a ticket here for further queries on this: https://support.zerodha.com/category/mutual-funds/buying-and-selling-through-coin/articles/how-long-will-it-take-for-the-mutual-fund-units-to-show-up-in-my-demat-account
I placed an order for MF (direct – Lumpsum) on 2-Apr. since 5-Apr or 6-Apr it is showing \”order sent to AMC\”. it is 7-Apr today and the status has still now changed. Is this normal?
Do you recommend best Mutual fund to invest? Also do you review my portfolio and give some advise?
Hi Ramanan, we don\’t really offer advice. Best consult a professional investment advisor.
I want ot purchase NFO of tata private Bank ETF. how to apply in zerodha
This process is similar to IPO. You can go to the Tata AMC\’s website and apply through ASBA.
the link https://mf.zerodha.com/ is not working
This has been moved to https://coin.zerodha.com where we now sell only direct funds.
What is the max value allowed for investing in Mutual Fund (Through coin) per instance
Varies from fund to fund but as a retail investor, I don\’t think you should worry about the max limits.
in case of buying mutual fund, can i transfer money from my Sb A/c directly on the instance of buying OR is it required to transfer the fund to My-zerodha a/c ahead (of purchase of MF).
You\’ll need to have funds in your Zerodha account.
Hi,
I want to invest lump sum amount in Mutual fund what is the procedure how to avail
Hey Tushar, you can simply log into Coin and place trades.
Hey Matti
I already have zero dha account enabled to trade in FNO and Commodities. Now I want to trade and invest in equity and mutual funds too, what is needed to enable my zerodha account for this?
Hi Nitin,
I want to open demat account with Zerodha what kind of formalities I need to complete? Where can I get the form and other stuffs if any?
I want to trade in equities as well as I want to invest in Mutual fund as well.
Kindly help!
DO NOT INVEST IN MUTUAL FUND THROUGH ZERODHA COIN PLATFORM. YOU WILL FACE MULTIPLE ISSUES AND ZERODHA MUTUAL FUND TEAM WILL NEVER CALL YOU BACK EVEN WHEN YOU CALL THEIR SUPPORT TEAM 1000S TIMES. SUPPORT TEAM WILL REFUSE TO TRANSFER YOUR CALL NOR MF TEAM WILL CALL YOU BACK.
I haven\’t started direct Mutual Fund SIP yet.
1. Zerodha should allow the ECS mandate and other settings like drop-down based selection of Joint holder for the SIP and such.. If I have to ensure that I transfer money to Zerodha account every month then it\’s too cumbersome. Please, can you look at an easy option for ECS setup, joint holder setup etc.
2. Redemption should be allowed in Units as also Rupee. You can incorporate the conversion calculation at your end and automatically redeem that many units only.
Hope you incorporate these earliest.
Best Regards
Hey Satish, working on this.
I want to buy mutual fund for my two nephew and both of them are below age of 18 is it possible to open up there demat account on zerodha??
Hey Priyank, we don\’t offer demat accounts for minors as of now.
suppose u registered for sip for 3k. and didnt have any funds for that month. will it attract any charges.
No, there are no penalties or extra charges.
Sir, I am new at Zerodha platform, I bought a mutual fund. I want to modify this mf but can\’t. There was no edit option,why ?
Hey Amar, what do you mean by \’edit\’ a mutual fund?
Hi,
In Coin, do we get tax statements as well especially for Direct MFs, which could help us in filling the returns ? Especially after this year\’s announcement to have LTCG tax @ 10% beyond 1 year of holding and beyond 1 Lac ??
If not, then what\’s the way out ?
Kindly confirm.
Not right now, but we do plan on adding these reports soon.
Any tentative time / month ? Till that time, do we need to keep a track of all sellings of MFs on our own ?
Also, in regular (non-direct) MFs, do we have the same issue of tax reports ? and what\’s the charges for keeping those non-direct ones or do they have the same 50INR/month charges ?
hello,
Due to recent SEBI circulars (SEBI/HO/IMD/DF3/CIR/P/2017/114 and SEBI/HO/IMD/DF3/CIR/P/2017/126), some of the Mutual Funds have changed their portfolio drastically, some have even gone ahead and changed their names or will soon be..
So, my question is what happens to the SIPs that I have created on Coin for these MFs (with their old names) post name change ? Will it be terminated automatically, but, I have to create new SIPs for these manually or will they be created automatically as well ??
Can Zerodha please clarify about this ? Better would be to send an info email to everyone investing in Coin, as this is a very generic query !
If it\’s merely a name change, then your SIP would continue as is in the newly named scheme. However, if the fund is merged into another fund, then you\’ll have to delete your SIP and start a fresh SIP in the new fund. We\’re dealing with this on a case-by-case basis at the moment as the AMCs haven\’t announced one single date for these changes and this differs from fund to fund.
Hi,
Pls confirm, if you have annual step-up facility available in SIP, means e.g., if someone would like to increase SIP by 10% annually ?
Hi,
Can somebody kindly confirm ?
Hey Anuj, sorry for the delayed response. No, this isn\’t available right now, maybe in the future. With our SIP model though, editing SIPs is very easy, so this shouldn\’t be a problem right now.
Thanks Matti.
Hi Team,
Was going through your page and interested in investing in MF through coin platform of yours, Could you please let me know what would be the one time charges that i need to pay to you as i dint have demat or trading account in my name and what would the other charges or formalities required for beginners .
Hey Kavish, the account opening charge is Rs. 300. Your investments will be free for the first 25k you invest. Once the total invested value is above 25k, you\’ll be charged Rs. 50 per month.
Hi ,
Thanks for revert, so one time opening is Rs. 300 this include opening Demat ad trading account, and i am planning to invest through monthly SIP as you provide platform for Mutual Fund -Direct schemes,
Thanks Matti.
Hoping to see the new one soon.
Hi,
I would like to know how do i get statement of all my MF holdings on a particular day.
I am able to get this for Equity holdings but for MF, it shows only for today and not for a particular day in past.
May be there is a way but i am unaware of it as of now.
Thanks for any clue you may be able to provide.
As of now, that\’s not possible. The new backoffice, currently in the alpha testing stage, should have this feature.
I have a Zerodha Account. I want to buy Most NASDAQ Top 100 funds. It is an ETF. How can I?
You can search for N100 and add the ETF to your Kite marketwatch and buy.
Hi, need a clarity. can we buy direct MF plan from coin zerodha… need a answer in Yes or no
Thanks
Yogesh
Hello Sir/Madam,
How do I transfer the existing mutual funds into the new zerodha account? I\’ve an existing DMAT account in NJ india.
Can you please tell me the process? Also will there be any charge if I transfer my NJ portfolio to the Zerodha?
Thanks,
Mayur
How will i get margin against the mutual fund I hold in coin?
Hi,
I need to apply for rights issue started today for Piramal Enterprises. Please advise on procedure.
Regards,
Pavan
I am quite impressed with the facilities you are providing. I am trying to get in touch of my Relationship Manager allotted by Zerodha. He seems to be busy all the time and i dont get a call back too. With such poor response in customer service, i have become quite reluctant in starting the investments
Sorry to hear that Karthik. Will take appropriate action.
Can we invest in Direct Mutual Funds through Mobile App?
The Coin mobile app is being developed and should be out in a few weeks.
what type of MFs are offered by zerodha either direct plan or regular plan
hi,
i am investing in ELSS through coin. now i don\’t know where to find the supporting document in ZERODHA to attached with my Tex deceleration.
please help
i am already treading in zerodha. i have plan to start sip in zerodha .is there any charges for start sip in zerodha ?
and i have a one question
1) if i am putting sip in zerodha the minimum locking period ?
ex: locking period 3 year means can extern the locking period.
Is this really a good time investing in mutual funds???
Hi, recently i have open zerodha demat account with equity. i would like to invest in mutual fund but i have few doubts…
1. investing timing for mutual fund means its open from mon to fri orelse ?.
2. please guide me, i have two bank accounts shall i use one for equity fund another one mutual fund?
3. shall is exit within 1 year?
4. how to find out \”equity\” mutual funds, debit mutual funds
5. shall i use to add funds from my both account or ?
I have partial units of liquid bees in my Demat but it is not visible in Coin. How can I place request to redeem them?
Hey Nithin,
Why do we need to pay annual maintenance charge for maintaining Demat account when we are dealing only in mutual funds since MF do not require to hold any demat account.
The mutual funds you purchase on Coin are, in fact, in demat form.
Hi,
Yesterday I transferred 20,000/- Rs to Zerodha HDFC bank through SBI bank. That was IMPS transaction. But I am not seeing the amount in zerodha. Actually I applied for MF in Aditya birla policy. But due to insufficient balance, it couldn’t be processed. please fix it asap. you service promise is very unsatisfying. i created zerodha only because of people\’s recommendations, now i am facing this problem. my 20000 got stuck.
Hi,
I want to start SIP. But initial minimum investment shows 5000 to start SIP.
Also please confirm the amount will be directly debited from my bank account or do i need to manually transfer funds to zerodha every time (as its very tough process)?
Thanks,
Gagan
I understand that no brokerage will be charged. But is there any exit load MF company will charge me?
Generally they charge 1% exit load. There is one more company Scripbox.com that helps us maintain the common MF portfolio like yours. They also do not charge any fee. They mention that they get commission from the 1% exit load from MF that MF company charge to customer.
Is there any Exit load in Zerodha MF?
I am opening an account with zerodha. Now if i open an account do i need a separate account for Mutual funds i mean something new activation with extra charges for coin?
No Manjunath, anyone with a Zerodha account can use Coin.
Hello,
I want to invest in mutual find via SIP. I will try to open a Zerodha demat account for this purpose.
I have following questions
1. Should I get CKYC done from CAMS etc prior to opening demat account with Zerodha?
2. If I buy MF units on zerodha platform – what is the procedure to stop SIP? Is it online or do I have to send a signed physical form to your office?
1. No Pranav, we\’ll do the KYC for you.
2. You can simply log into your Coin account and start or stop your SIPs whenever you want to.
Hi Team,
In case this is being monitored i just want to raise a concern that i believe that Zerodha does not gives an ear on the need of small investors . I want to invest in RGESS through Zerodha so wanted to open account and wanted to discuss about the same .Since last week i am trying to contact Zerodha customer care over call but its getting engaged for more than 1 hour when i tried multiple times. I also mentioned in Zerodha website and multiple other websites to Zerodha to give me a call back but never received any callback . Also i raised 2 tickets for the needful but getting a mail just stating that your queries would be answered if you call to the mentioned number and again after calling as i stated above.
If anybody is monitoring this its a humble request to kindly give me a call back and discuss
because if this kind of scenario is there then how can i have trust in future on Zerodha that they will answer my queries promptly.
Thanks,
Can you write to quality[at]zerodha.com with your contact details? Someone will get in touch. Also, RGESS tax benefits were stripped in the 2017 budget and we don\’t offer these accounts anymore.
Hi Matti,
Surely i will mail to the support team.
But RGESS scheme would be stripped off from financial year 2018-19 as stated in the offical government gazette,
RGESS website ,NSDL and other websites so this would be the last year where one can invest in RGESS .
Kindly let me know if still i can invest in RGESS through Zerodha or not.
Thanks ,
Shirish
Is there any way to transfer my units (regular plans) from another brokerage firm to zerodha coin account.And that too in direct plan?
This has been answered here.
Hello Nithin Kamath sir,
Please clarify the concern mentioned below:
Zerodha will charge a subscription fee of Rs 50 per month above MF investment value of first Rs 25,000.
This Rs 25000 is only one time or applicable for every financial year i.e. Rs 25000/year of MF investment value?
I hope you will guide me soon
Himanshu, once your investment value goes beyond Rs. 25k, the 50 Rs. subscription kicks in and is active for as long as you are on the platform.
Dear Team,
I am a Mutual Fund distributor. Is there any way I can use the Zerodha platform for my clients to invest in mutual funds. I am also registered as an Associate with Zerodha
Hi Zerodha team,
I have been using a zerodha demat account for a year. I want to do an SIP in an equity share – is it possible? Or is SIP possible only for mutual funds? Please guide me.
Equity SIPs aren\’t possible as of now. We are trying to add this feature soon.
Hi Nitin,
i am investing in equity and mutual funds through ZeroDha kite and Coin. My Father also wants to invest in the mutual funds. i have suggested him to do this through Zerodha-Coin due to ease of investing and better returns in direct plans rather then regular plans. But i have 2 practical queries,
1. As he is not a techie person and he can not use either Mobile apps nor web platforms. In this situation how he can take a hold and commands over various activities for his investments like purchasing redemption or or transfer money from his zerodha funds back to his bank account. Is there any offline way?
2. I want to tell the steps or process to get values of all my investments in equity or mutual funds to my nominee after my death.
Thanks
Ankit Bajpai
[email protected]
1. Unfortunately, Coin is a completely online platform.
2. The nominee needs to merely write to support[at]zerodha.com in the case of any untoward incident and we\’ll help them claim the holdings.
Hi Nitin,
I have been trading with Zerodha since last two months and I am happy with it. I am also buying Direct Mutual Funds using Coin platform and this is really very amazing. My many of the friends have joined after me and they are also happy with it.
If you consider then i have few suggestions regarding Coin platform:
1. Could you please provide bookmark/Favorite or wishlist kind of feature where I can create my own list of Mutual funds which I want to buy in near future.
Here is a good website for reference : https://www.moneyfront.in/mutual-fund/mutual-fund-explorer.aspx
2. Instead of just listing all funds on one page could you please provide sorting and filtering options with various criterias like by AMC, by Fund type etc.. . That will be really very great full to find best mutual funds from thousands of funds.
3. Could you please add NFO ( New fund options ) section as well as include those newly listed funds on page so user can also buy any of them.
If you will consider and will implement above listed features then it will be great help from you for MF buyers.
Thanks & Regards,
Jignesh Raval
[email protected]
How can i pay next installment of sip after buying it?
Unfortunately,I place an order on L&T emerging business fund.he dedited my money 5000 on zerodha account &order sent to ASC.HOW to cancel that order.I need required money urgent
Jeyanth, if the order has been sent to the AMC then I\’m afraid you won\’t be able to cancel the order. You will be receiving an allotment of the units shortly, you can just redeem the units then. You can write to us at [email protected] for more.
I want to invest on the Mutual Funds via Easy SIP way. I want to understand following. Please help me to clarify before I start invest as I am a begineer.
1. Let\’s say I start a SIP with 5K per month for 3 years. Can I stop it after an year but keep the units and sell it later?. In that case , the AMC has to be notified about my original plan was 3 years but I stopped it after a year?. Or the control is with Zerodha only?.
2. Also Let\’s say initially I started a SIP for 1 year and then i want to extend it to for one more year. Is it possible?. or i have to start once again new SIP for the same fund?
3. You have mentioned that \”Direct mutual fund investments up to ₹25,000 (cumulative) are free. Thereafter, a platform subscription fees of flat ₹50 / month is automatically deducted from your Zerodha account\”. Is it monthly 25K ?
1. You can do this entirely on the Coin platform.
2. Again, Coin will enable you to do this.
3. No, this refers to your total investment value. So, if you have only a SIP of 5k per month running, subscription charges will kick in form month 5 onwards.
Hi,
I want to invest in ELSS, currently I have requested for 25000 in aditya birla sunlife tax relief growth 96, I haven\’t yet chosen the lock in period (3 years). How will I get the tax benefit. Can you please help me out here.
The lock-in for ELSS funds is already there. Not something you need to choose. Just show the investment when you\’re filing your taxes for the tax relief under 80-C.
Which are best funds to invest in SIP
L&T Emerging Businesses Fund-DP (G) 35
Mirae Asset Emerging Bluechip Fund (G)
ADITYA BIRLA SUN LIFE SMALL & MIDCAP FUND – GROWTH
SBI Small & Midcap Fund -Direct (G)
We, at Zerodha, have always believed that you should make your own investment decisions while you let us handle the execution.
SBI Small & Midcap Fund -Direct (G) – Can i invest in zerodha. Also will sip amount deducted from zerodha account or bank account.
This fund has been temporarily suspended since November 2015, so investments in this fund aren\’t possible at this time.
Can you suggest me the best from the below?
– L&T MIDCAP GROWTH DIRECT PLAN
– RELIANCE SMALL CAP GROWTH DIRECT PLAN
– MIRAE ASSET EMERGING BLUECHIP GROWTH DIRECT PLAN
– TATA INDIA CONSUMER GROWTH DIRECT PLAN
– UTI TRANSPORTATION AND LOGISTICS GROWTH DIRECT PLAN
To Stop or edit the SIP amount how many business days before do i need to change in the COIN?
Hello,
I have an account with MF utility(ECAN account). With MF utility, there is an option to link our demat account with the MF utility account. Doing so credits the mutual fund units into the demat account when purchased through the MF utility portal.
The MF utility portal states that , once the mutual fund units are in the Demat account, further redemption is possible only by submitting a request to the DP.
So, in a case like this, does Zerodha allow me to redeem my units online? Or should i be submitting a physical redemption request for each and every redemption?
Kindly clarify.
Hi Kiran,
It will be easier if you simply invest through COIN. If you are investing via MF utility in demat mode then you would have to submit a physical redemption request for each redemption.
Hi Team – Would love to see more options on Mutual Funds. Was trying to find some for Franklin Templeton on here but failed.
do i need to add money to trading account first for SIP or every cut of date amount will be deducted from linked account? is there any option i can set auto deduct from linked account?
Nikhil, yes you need to have the funds in your account and we don\’t directly debit your bank account. To avoid transferring funds to your trading account each time you can set a standing instruction which will automate this process. You can check this post for more.
Hi,
Actually, I want to buy a mutual fund through the coin. I want to buy it for 10 years. Can I do it like- 1st I will buy for 1 year and then again renew it for 1 year and so on.
If yes, Will it give me more return ?
Amin, yes you can. You can invest lump sum any time you wish to. You can also start and stop SIPs whenever you choose to easily. Returns depend on the quality of the fund and market conditions, better to consult your financial advisor about it.
Is there any commission or brokerage for SIP through Zerodha?
Hey Deepu, we sell direct mutual funds and hence no commissions. 🙂 Check this post for more.
For MF SIP – do I need to transfer money to Zerodha funds or will it be deducted from my linked bank account
You\’ll need to transfer the funds to your Zerodha account for the SIPs.
Please let me know about Pledging of mutual fund units are started now?
Not yet.
I just started using COIN platform for direct mutual find investment.
But I am disappointed to know that I am not getting any P&L and Tax P&L statement similar to what we are getting for equity.
Also options for STP, SWP are not availabe. CAGR values are also not shown.
This will give a lot of clues and relief while filing IT return.
Can you say, when these facilities will be available?
We\’re working on the P&L reports. We\’ll roll out an update soon.
Hi
How can i stop the SIP in zerodha MF.
Thanks
Hi Murali,
Once you click on the SIP/Conditional tab on your dashboard, you can click on the pause or delete icon next to the status column. If you pause your SIP, then your further installments will not be placed on the due dates but the SIP instruction will not be deleted from the SIP window. But, if you click on the delete icon then the SIP instruction will be deleted from the SIP window.
Thanks Faisal
Hi Nithin,
I would like to start the SIP. Can I just open an account for SIP( MF). And apart for 50 rs/month, is there any other charges/commission by Zerodha on buying or redeeming the amount?
Thanks
Rahul
Since MF is in demat, when you redeem there is a Rs 5.5 DP charges. Currently only MF account not possible. You need to open the demat as well.
Hi,
I have been purchasing some ELSS over the past few months from zerodha platform. However I have a small doubt- as per my knowledge there is a lock in period of 3 years for the mf we buy under elss. However from my coin platform on zerodha- I am getting an option to redeem the units I have purchased even within months of the purchase date.
Out of curiousity I even tried placing a redemption order for 0.01 units out of a larger number that was bought just a week back. And the order was successfully placed. Am I missing something ? How was i able to place an redemption order on elss units before their maturity ?
Hi,
We have observed that you have cancelled the order. The order was placed on COIN platform but if it was processed and sent to the AMC then you would receive a rejection reason the next day with the remarks \’Units under lock-in period\’. We give that REDEEM tab on COIN for all funds. Also, if you have invest in ELSS funds on several dates the the 3 year lock-in period will be calculated for each date of investment so the option to REDEEM is provided irrespective of whether the units are in lock-in or not. If you click on the drop down arrow next to the P&L column in your portfolio you can see the details how each allotment for the same fund.
That clears the doubt . Thanks for the prompt reply. I must say forum help on zerodha is really good.
Hi Team,
As a Scenario, I have ordered for SIP plan for the particular fund on Saturday and Cancelled on very next few minutes and Order status changed from Pending to Deleted.
Do we have to pay charges for this?
No.
Will I get investment proof for MF if I invest through Coin?
Yes.
I could not find all the Mutual Funds here. I was searching for Mirae Asset Emerging Bluechip Fund (G) and could not find.
Will it be added soon?
Raghu, Mirae hasn\’t yet enabled direct in demat mode on exchange platform. We are speaking to them.
Hi, can i withdraw only part of my MF units? Say i have \”158.946\” units. is it possible to redeem only 100 units?
#150925 is my ticket id.
Yeah you can.
i am planning to open an account with you . Are there two separate platforms for equity trading and buying Mutual funds or one account works for both .
One account works for both.
I am banking with HDFC so I would prefer intra bank transfer for SIP deductions to avoid bank charges
Could you please provide Zerodha bank details or point to a link where I can get those details
https://zerodha.com/fund-transfer
I tried to add beneficiary for Account Number ZERNSE and getting pop up like Account number should be numeric
I got the alternate Bangalore branch Account number ..Thanks
Just scroll down that page, you have alternate number which is in numeric.
Hi,
I have added 2 MF SIP in my portfolio. But when that status will change and i can see there minus amount in my fund as margin utilised. Not sure how much time it will take to reflect.
Please guide me on on this,
Thanks.
This happens end of the day on the SIP date.
Similar to how you can pledge stocks, exchange approved mutual funds (list will be shared soon) can be pledged to receive margin for trading F&O. Essentially investing in mutual funds at Zerodha will be very similar to investing in stocks.
When are you releasing this?
Some more time.
Hi Nithin,
Sorry for posting here, but I am facing promblem in account opening. I send a form but forget to write a mobile no. On envelope. I have already sent a account opening form before but it gets rejected due to 2nd holder\’s proof issue. Now, i send a another form but forgot to write the mobile no. on envelope. You can crosscheck my no. Because it is already written in my bank passbook detais photocopy, already 10 days have passed due to sending form twice. Please take it seriously and solve it.
Have escalated this to the concerned team.
1. For Zerodha users with only MF transactions over INR 25000 (no equity trading at all), is the flat charge of Rs 50 per month over and above the Rs 300 annual maintenance charge? Or will such users ONLY pay Rs 50 per month (with no additional annual maintenance charge)? Kindly clarify.
2. Are ALL MFs available on Coin? If no, how many?
1. Coin subscription charges are over and above Demat AMC.
2. The list of all MF\’s available are here.
For SIP, when you said \”you are avoiding mandate and as long as funds are available SIP will be executed\”, isn\’t that without mandate we have to transfer the funds to equity account every month and paying you the internet banking fees of 9/-+GST? That\’s too much overhead.
And to avoid this changes I don\’t want to transfer lump some at a time and keep it in equity account which is not giving me any interest.
Please help me understand this better.
Banks allow you to setup a recurring transfer facility which allows you to automatically transfer funds to a select beneficiary on a specific date. You can use this facility to transfer funds to your trading account to meet your SIP payments.
Thanks. I got it.
But in AMC\’s can be registered as billers in bank websites, so that SIPs can be automatically deducted and the service is free of cost.
In COIN case, we may need to pay them with NEFT (though Standing instruction), which costs an amount.
Any plan to make ZERODHA a biller? Or can I use intra bank transfer instead of NEFT to save on these service changes?
We\’ll explore this possibility, yes you can do an Intra bank transfer also if you are banking with HDFC.
I have to mantain balance in my bank account? or in my zerodha account? for payment of sip installment which i bought through coin.
In zerodha account. The day before the SIP we send you a notification so that you can double check.
hi, i want to buy L&T Emerging Businesses Fund – Direct Plan – Growth with monthly sip of rs 1000/-. What amount should i fill in following?
Initial investment (Minimum: ₹ 5,000.00 )
₹ ————-
Frequency
—————-
Installment (Minimum of: ₹ 1,000.00 in multiples of: ₹ 1.00 )
₹
Total installments (Until cancelled )
To start off on this, your first installment has to be 5000, after that you can do Rs 1000/month. So 5000, monthly, and 1000
Hi Nitin,
Thanks for your valuable reply. One suggestion here can you please add \”How to setup SIP\” in Zerodha\’s user manual videos.
Thanks!
Paras Joshi
Hi Paras,
You can check this information in this COIN webinar where Nithin talks about direct mutual funds and the features available on COIN platform. You can skip to 14:00 to understand the procedure to place orders and create SIPs.
I\’m NRI ,want to transfer my MF portfolio with zerodha.When & how can I do it plz
Anand, you want to transfer into Zerodha demat or out of it?
Hi Nithin,
I want to transfer from Icici Direct to Zerodha as ive heard ur services are v gud & user friendly. My bank a/c is with icici bank.
thanx
ICICI direct would have given you DIS slips. On that slip, mention your zerodha dp id and mention all the shares and quantity that you want to move. Submit it to ICICI, you will have it in your zerodha demat the next day.
that\’s great Nithin 1-,I have only Mutual fund holding currently that I want to transfer to zerodha and close my account with icici direct.2- will I be able to buy /redeem /switch easily form zerodha MF account like I did with the ICICI direct account as I hv my savings account with icici bank?
Anand, firstly unlike ICICI we offer direct mutual funds. Savings you make are immense. Check this: http://coin.zerodha.com/. Since we are not a bank, the buying experience may not be as good as ICICI as money has to be transferred to the trading when purchasing.
Great no prob. Can u ask someone to help me open my account with u all plz.
Which is better weekly 1k SIP or Monthly 4k SIP?
Also could you please add how much would you have made with weekly SIP on mutual fund page like monthly calculator?
hmm.. weekly or monthly doesn\’t really do much of a difference. Check Karthik\’s answer here.
Even for mutual fund held in DEMAT mode, still there is a FOLIO NUMBER assigned.
Just wanted to know, Let\’s say in zerodha-coin platform, I have already invested in a scheme of a Fund House so that I\’ve already got a folio number.
So When next time I\’ll invest in ANOTHER SCHEME of the SAME FUND HOUSE then that will be allotted in ANOTHER NEW FOLIO NUMBER or those new scheme units will be allotted in to the EXISTING FOLIO NUMBER.
This depends upon the AMC as they decide whether the same folio number should be assigned to another scheme. Generally, most of the AMCs assign a different folio number. But, if the units are in demat mode then your DP ID number is more significant that the folio number.
Hi Team,
In the above post you talk about \’NAV tracking conditional orders\’.
My question is that is it really a good idea to redeem a lump sum fund which has crossed an expected NAV but has not completed an year? I say this because most of the good performing funds come with an exit load of 1%.
How wise is this decision then?
Ah yeah, if there is an exit load, then you have to factor that in.
Hi,
Im having demat account in zerodha and now im interested in mutual funds as well. Where i can get executive details and much more information about zerodha mutual funds.
Check this: https://coin.zerodha.com/
when are you planning to launch IPO from zerodha. It was promised in oct 15
IPO without being a bank is very tough. SO unless SEBI allows another way to do this. Btw IPO can be applied to by using Zerodha demat and within your online banking. Check this.
First of all, I would say big thanks to Zerodha team for there great effort to reducing brokarage charges & providing financial literacy.
I have two questions: 1) Is there any extra charge for NRI, apart from Rs. 50/Month subscription for Mutual Fund. Bcoz there are 0.1% on equity delivery charges for NRI. 2) I have purchased Direct Growth plans from AMCs website. Those are not in Demat format. How can I shift them on Zerodha Platform.
I missed to read above comment of Babajan. Zerodha is not offering MF to NRI. is there any possibility later, it can be availble for NRI?
We are working on making it happen.
Dear Nithin well made post,
i have some quires regarding mutual funds
1. What zerodha will charge for NRI\’s to buy mutual funds
2. What is the Max NO. of Mutual Funds can buy NRI\’s
Currently we are not allowing MF for NRIs
What are charges applicable (from zerodha side) once a customer redeem his/her Mutual Fund?
Rs 5.5 + GST charged by CDSl. We don\’t charge anything.
My SIP\’s are not deducting automatically though I have selected 30 Days period which says that your next installment amount will be deducted after every 30 days but the same is not happening. Please suggest what to do.
Can you email to [email protected]
Normal SIP mode is still not added to the platform. When can I expect this?
Normal SIP mode: Minimum investment amount 500 and initial investment amount 500.
I know normal SIP has lesser minimum to start, but the way we are doing it makes it more convenient/flexible. You can also have quasi nach mandate of sorts set. Check this post.
Hi,
I see that Franklin Mutual Funds are not listed on your website [1]. Is there an exclusion criteria for not dealing with certain MFs on Zerodha platform ?
[1] https://coin.zerodha.com/funds
Thanks,
Rahul.
Franklin haven\’t enabled direct MF on exchange platform, hence we are not able to offer.
Dear nitin sir;
is it possible for zerodha to allow trading in Crypto currency like BITCOIN etc ?
Regulators in India are still aren\’t allowing it to happen.
sir then how zebpay, unocoin and companies like this are offering bitcoin trading?
Not necessary that they\’re complying with the rules set forth by the Govt. Best to avoid.
Hi,
Normal SIP mode is still not added to the platform. When can I expect this?
Normal SIP mode: Minimum investment amount 500 and initial investment amount 500.
Thanks,
Raghavendra
Will SIP amount be auto debited from my bank account or do i need to keep funds in zerodha equity account?
Sir, how can we check the overall performance of our mutual fund portfolio in zerodha? what i mean is that, throughout a year i invested a total amount of 1lac in different mutual funds, and with time i redeem some of them. now at the year end i want to see exactly how much i made profit? kindly help
Yes you can, your portfolio will show you this. Btw, we will have detailed P&L soon in our new version of Q.
Hi Team,
I\’ve one query. As I know investment upto 25k in a year will not charge any brokerage where as after that zerodha will charge 50Rs per month. My query here is suppose I utilize 25k in 1st 6months and after that in 7 & 8 month I don\’t buy anything, but in 9 & 10 month I do some more investment in MF so in this case will be charged only for month where I do investment i.e 9 & 10 or I\’ll be charged from 7th month?
Also from which year you consider as 1 year is it calendar year or financial?
Once you exceed 25k, you will be charged from the 7th month onwards.
Hi Nithin,
You consider 1 yr as 1- Apr to 31- Mar (Financial Year) ?
NO TEXT …..I doubt I made an error in my e=mail id given ,since no way i can check it just a …\”nothing\” post
Sir,
I would like to make some MF (Direct) investment through your platform. Since i am having some holdings which I have invested directly with various AMCs .
Sir, for some reason/s which I don\’t want to disclose (Sentiments or whatsoever) I want to keep the folio Nos which were already been allotted by the AMCs . since I have the option to choose the distributor when I am logged in the AMCs site while purchasing, n if gave your ARN Number will the new purchase reflect in your site (Coin) as a regular plan?
and thus transferring my folio number to your platform as a regular plan and make additional purchase as direct on the same folio?
hope you understood what clarification I needed n sorry to bother you with the complication
thanks n regards
Karuna
Hi Karuna,
Your query is slightly ambiguous so let me ask you the following questions ?
1) Are you asking if you can purchase from the AMC website (mentioning our ARN no. and your Zerodha demat account no.) and expecting this to reflect in COIN platform?
2) Do you want to transfer the units to your Zerodha demat account and want to continue the investments through COIN.
3) Are you asking if the folio number can be common for regular and direct plan investments in the same scheme ?
What are the annual charges/fees for opening Mutual Fund account that is investment savings account OR Demat account with Zerodha..?
The AMC for the demat account with Zerodha is Rs.300. There isn\’t any ana=nual charge for Mutual fund account where you could invest up to Rs. 25000 for FREE
and at Rs. 50 per month is charged thereafter. Check here
Hi Zerodha
I have a few queries regarding transfer of MF from ICICI Securities
1. ICICI Direct does not keep my MF in Demat Form. I can access all my MF through there portal and Buy and Redeem through the same.
2. Does Zerodha do the same way or does Zerodha mandatorily buys MF in Demat form?
3. I have heard there are issues in transferring MF from a Non Demat Online Form/Account to Demat form/Account. It is a tedious process as number of entities increase in the transaction.
4. Also the Turn Around Time and Charges for redeeming a Dematerialised MF are higher as compared to MF in Online form with ICICI Direct?
5. ICICI Direct claims that in online form your MF funds are in your trading account in 1 day whereas funds of Dematerialised MF will take 3-4 days
6. How to transfer Non Demat MF to Zerodha?
Hi Rohit,
1) The redemption will always happen according to the redemption settlement time of the particular funds whether its here or with any other distributor. For example, if you have place the order on Monday before the cut-off time and if the settlement time for the fund is T+3 days then the amount will be credited to your account by Thursday morning. Even ICICI would follow the same cycle when the client places the redemption for that particular day.
2) There is a certain process that needs to be followed when you are dematerializing your mutual fund units for which a physical form along with some other documents will have to submitted. You can click on this link for more information.
3) If ICICI is claiming that the redemption amount is credited to the trading account the next day itself irrespective of the settlement time of the fund, then they might be crediting it from their own account into the client\’s account and would be charging interest till the actual redemption amount is not credited.
I am trying to login https://mf.zerodha.com with zerodha kite account but getting the following error message.
\”Mutual Funds is not enabled on your account.
Please contact Zerodha support for further queries.\”
Please help me to enable mutual funds in my zerodha account
I am guessing you dont\’ have demat account with us or have our old partner IL&FS account. you will need to open new one with us.
Hi I want to search MF investment by way . Suppose I want to invest 500 or 1000 in MF one time so i will select 500 to 1000 amount range and all mf of 500 to 1000 Will be displayed on screen .
Dose it possible
Ah currently not, but we have a screener coming up.
Hi, I have 2 mutual funds SIP through zerodha. But they are both regular plan, if I want to convert them to direct plan, what would be the procedure for that?
You can stop them and start on coin. You can exit whatever is already invested and buy it again under coin.
Dear Sir,
If I purchase through MF platform, please let me know-
1) whether the units are deposited in demat form ?
2) if yes , can I get margins against those units if I pledge them?
3) if I redeem them, where the funds are transferred – to trading account or bank account ?
Thanking you ,
Dr.Suhas Kothavale
1. yes
2. Currently not, but plans to do it in future
3. Trading account.
Also we are now the only brokers to offer MF in direct form. Check this: http://coin.zerodha.com/
Thank you Nithin for instant reply, please let us know if we can get margin against MFs.
Hi Nithin/Venu
I am just wondering, what would be the best date in a month to invest in SIP by auto debit?
Would it be the 1st, 5th, 10th, 15th, 20th or 25th?
I know it probably makes no sense to time the market, but are there any behavioral issues we could be missing out here? could you please let me know ,what would be best date ? 🙂
I wouldn\’t have an answer to that one 🙂
expalin the diffrence between direct and non direct regular plan
https://tradingqna.com/t/what-are-differences-between-direct-and-regular-funds-and-do-they-make-a-difference/10578/2
Some of the fund like sbi blue chips is not found in direct plan weather i can invest such fund through coin
We\’re working on getting more funds on the platform.
Why don\’t you start debit card/netbanking payments / direct payments from bank account like OTM (One Time Mandate) facility. Atleast the bank charges for transfer of fund can be minimized. If I have a SIP of Rs1000/- per month, you charge Rs.9 just to transfer it your account or NEFT charges by bank. Through OTM facility this can be scrapped.
We\’re exploring this option. Will keep you posted of any updates.
Hi Nithin,
I want to start ELSS (Tax Saving Fund via Coin) ,
1.can i able to do SIP through coin for Tax Saving Funds as well ?
2. as i am not able to see Franklin India Taxshield Scheme. is there added or yet to be add ?
3. say for example i have done SIP around 3 year for Non tax saving or tax saving, ( rs 50 will be charged for per month if investment grows more than 25k irrespective of transactions and funds) assume, after 3 years ,i don\’t redeem but still compound interest keep on adding for these funds. assume that compound interest it self only growing as more than 25 k having said that , i have not done any transaction, Still will that Rs 50 will charged ?
Correct me if i am wrong. Thanks in Advance
Thank you
1. Yes, you can. You\’ll have to start a SIP for an ELSS fund.
2. These are the available funds for now: https://coin.zerodha.com/funds ; We are in touch with AMC\’s to get more funds onboard.
3. Yes, 25 will get charged every month once you exceed the initial investment of Rs.25,000
Even though i have not done any transactions. Still i need to pay rs 50 ( if my compound interest it self only growing as more than 25 k ) so in this scanario, it will be like every month i will be paying irrespective of transctions done or not ?
Yes, you\’re right.
Hi, Scenario: Today is 12th April. When I am trying to schedule ( after closure of market) a SIP on a MF for say every 10th of the month, why is that it is also scheduling for trade the very next day. I do not want the system to trigger the trade for next day. I want the trigger to happen on 10th May. Also why does it want a sip schedule to have minimum investment of say 5k at the first trade (Assuming this fund has 5k limit when bought in lump sump. Sip is usually 1000 or 500 INR only)? Appreciate a quick reply.
Cool thank you 🙂 Hope you will provide soon 🙂
Hey ,
Nithin/Team
I had pinged you below things on long back ago but i didn\’t get any reply could you please provide your input
April 2, 2017 at 1:09 pm
Hey Nithin , do you guys offer any fund adviser for MF Or Stock Or Both if So please let me know what will be cost. Because we not get good time to see performance of our port folio quarterly or early etc ,being in IT it will be difficult for me . so any advice will be appreciable. and helpful for me
Ajay, currently we don\’t do any advisory.
i am new to coin of zerodha.i have Dsp tax saving(G) on SIP.
while going through the dashboard.I saw an option to redeem and the units..how can i be allowed to redeem without completing the three yr lock in.(i am new to mutual funds)
If you put a redemption request, it will get rejected. Get your point, this shouldn\’t show for tax saving funds. Getting this corrected.
Want to open a monthly SIP. I have a zerodha account. I want the money be deducted from my bank account. Is it possible or I have to maintain the balance in zerodha account only? because then every month I have transfer money to zerodha account and that will be one extra task.
Saket, currently it is only from trading account. We alert you one day before so that your account is topped up. We will bring direct to bank facility soon.
hello sir,
i am trying for more than 3 days to know.
If i am buy one mutual fund @ amount of 5000 ( exit load 1 % and expense ratio 2.51 ) and after 2 month its value 5400 then what will be total amount in my hand after all calculation…
please help me.
Hitesh, you will always get back that days NAV multiplied by the units you have. So Rs 5400 – Rs 54 (1% exit load).
Hi Venu/Nithin,
Thanks for your valuable reply, I went though above link what you have mentioned but i got some questions,
Here you go 🙂
By Considering your example
i.e.
To give you an example, assume you make an investment of Rs.12000 the first month, 5000 second month. Your total investment is Rs.17000. In the 3rd month, if you exceed Rs.25000, charges of Rs.50 start getting applied.
To continue your Example,
Assume, Note On 3rd Month ,current holding is Rs 17000
Scenario 1:
4th month on 2nd date ,i will make an investment of 10,000 so total will be 27,000 so Rs 50 will be deducted ? .
and
Assume,in the same month 22nd , i will make another Rs 5000 ,so total will be rs 32000 ,in this case also rs 50 will be deducted ?
Scenario 2:
Assume, if i have two funds,
Fund 1 : after 3rd month, fund contains Rs 20,000
Fund 2 : after 3rd month, fund contains Rs 22,000
So in the 4th month,
i will add Rs 7000 to Fund1 so total will be Fund1=rs 27000
and will add Rs 10,000 to fund 2 so total will Fund2=rs 32 ,000
In this Scenario ,how much amount will get deducts , is that only rs 50 OR Rs 100 ?
Scenario 3,
Consider Single Fund say Fund-A,
after 5th Month Fund-A=Rs 35000,now in the 6th month i will be adding rs 5000 so total will be rs 40,000
so in this case also Rs 50 Deducts ?
if so then it will be always greater than Rs 25000 only so Rs 50 will be keep on deducting on till 25 Year if My MF is long term of 25 Years
i.e if this is the case then, 50*12=600 per Year and about 25 Years *600=?????
Correct me if i am wrong. Thanks in Advance for your Reply 🙂
Hey Ajay, pricing on this is as simple as it gets. You pay Rs 50 per month, do as many transactions on as many funds as you want after the first Rs 25,000. So yes, 25*600 at end of 25 years. Compare this to buying mutual fund normally, you could have paid upto 20lks instead of this Rs 15000.
Thanks Nithin for straight and perfect answer 🙂
Hey Nithin , do you guys offer any fund adviser for MF Or Stock Or Both if So please let me know what will be cost. Because we not get good time to see performance of our port folio quarterly or early etc ,being in IT it will be difficult for me . so any advice will be appreciable. and helpful for me
adding one more point,
4. I am seeing in google that there is no charges for mutual fund in zerodha,is that correct ?
i.e Mutual fund investments similar to investing in stocks at Zerodha will be absolutely brokerage free.
please do confirm the same. and i i see if mutual fund investment more than 25 k per month brokerage charges will rs 50 ?
i am confused . could you please clarify this one as well,
thank you,
AP
Earlier when we were offering Regular plans, there were no charges. However you\’re paying commissions to the AMC (Asset Management Company) by investing in Regular plans. Coin allows you to make investments into Direct funds. The kind of additional returns that you\’ll make by choosing a Direct fund over regular is enormous.It\’s explained in detail here :https://tradingqna.com/t/why-invest-in-direct-mutual-funds-on-coin/11738
Hi Nithin,
Could you please clarify the below thing, i am new and existing user of zerodha account
I want to make investment in MF\’ ,like lum sum or SIP
1. if i invest SIP amount as per my wish. Like 5k -10k per Month
what is the charges applicable for this. like brokarage charges etc
2. if i want to invest in lum sum amount in mutual fund below 25k per Month, is the any charges for that commission etc.
3. I hope ,if i am investing more than 25 k Per Month then ONLY rs 50 charged.
is that including all mutual funds (total transaction of 25k per month)
or
Per transcation if it exceeds 25k then charges applicable ?
Thanks in Advance.
Ajay Patil
1. There are no charges for investing using Coin.
2. There are no charges upto Rs.25000. 25000 is not on a monthly basis. If you use the platform for investments of more than 25000, the charge gets applied. To give you an example, assume you make an investment of Rs.12000 the first month, 5000 second month. Your total investment is Rs.17000. In the 3rd month, if you exceed Rs.25000, charges of Rs.50 start getting applied.
hi Nithin,
Does zerodha now provide SIP where it doesnot get cancelled when the fund stops accepting new fund like in the case of DSP micro cap fund recently. ?
our SIP is simulated using lumpsum. So if a funds stops accepting lumpsum, yeah it will stop .
Hi,
Need two information.
1. Will i be charged little extra if i buy a MF from Zerodha, instead of buying directly from Fund house ? Approximately in % what will be the extra charge.
2. Can i invest SIP amount as per my wish. Like if i wish to invest 3k in one month and 5k in other, is that possible ?
1. Just the Rs 50/month extra after your first 25k worth direct investments. No % and all.
2. Yep absolutely, you can change amounts, start/stop and do whatever every installment.
Hello, the new Coin platform looks promising. Thank you.
Just a question – do you maintain a list of MF that we could invest in via Coin platform? I guess not all funds are currently covered by it. If so, kindly share the location of the list. If not, could you please publish it?
Also, any tentative dates for when would the \”SBI Pharma Fund – Direct Growth\” be available for investing via Coin?
Pratik, HDFC/Franklin/SBI funds are missing. They should all start appearing in next 1 week.
Thank you, Nithin
Hi, Just now happened to see the below quoted message when I tried to login into my MF account. Does it mean that for MF investments we are being charged Rs 50 every month as a platform subscription fees? Would appreciate if somebody could explain to me about the new changes in Zerodha MF platform. Thanks.
\”Direct mutual fund investments up to ₹25,000 (cumulative) are free. Thereafter, a platform subscription fees of flat ₹50 / month is automatically deducted from your Zerodha account. If you wish to cancel your platform subscription, you may exit all your direct mutual fund holdings.\”
Cherian, we went direct today on mutual fund investments. Check this post.
Okay thank you Nitin.. Now I get it..
Does Zerodha become my broker if I buy through Zerodha?
Since returns on MF bought through a broker are different from those bought directly, I was wondering which returns will I get here.
Yes, currently if you buy through Zerodha, we will be your distributor. About direct mutual funds, give us time till weekend.
Hi.
I am existing member of Zerodha. I would like to invest in MF through SIP model that zerodha has.
My query is – since this will be a regular investment (not direct) some percentage will go to commission. Now I am making investment every month then every month I will have to bear this commission?
However somewhere in above discussion I read that MF investment is free. I would like to understand how?
Ashish, yes that is how regular model works. Every month a certain commission goes to the distributor. That said, if you give us time till this weekend, we have a surprise for you on this.
Thanks for prompt reply Nitin.
I was about to start SIP in 4 funds from Friday.
Looks like I have to wait till this weekend 🙂
Thanks again.
🙂 yep, wait till monday.
Hi Nitin.
Is there any changes in MF platform this weekend? I am not able to see direct MF investment options.
Just got this URL – https://coin.zerodha.com/ which is getting redirected from mf.zerodha.com
In morning this redirection was not there.
Many Thanks.
It is live now: https://coin.zerodha.com/
Dear Nithin,
Why is Zerodha treated as a distributor and unable to provide Direct Plans, but startups like Oro Wealth, Invezta are able to provide Direct Plans for MFs?
Is there some risk with those companies, or they breaking some rule?
Praveen these companies are registered as RIA\’s, no risk investing through them. Btw, we might have some good news on this front for you very soon.
I have invested in a mutual fund with SIP on a monthly basis, the allotment has been done on 17th Feb but I have purchased it on 16th Feb. When the funds will be deducted from my account for the 2nd month as the No. of days displayed as 31.
Hi,
The fund in which you had invested was DSP BR Micro Cap Fund. The AMC has temporarily suspended fresh investments via lumpsum and SIP from February 20th but allowed existing SIPs to continue. But, we cancelled all the SIPs in the system for this scheme since we follow our customized SIP. You can click on the link below to learn more about it.
http://support.zerodha.com/kb/faq.php?id=341
Also, you can start investing in DSP BR small & Midcap Fund as the fund manager is same for both the scheme and the AMC is focusing on garnering more investments in this particular scheme now.
You can write to us at [email protected] or [email protected] for further queries.
Dear Sir,
Suppose I redeem Reliance Money Manager fund unit present in Zerodha demat , where the redeemed amount goes ? In my bank account or in my trading account with Zerodha.
Thank you.
Suhas Kothavale
If you have placed any redemption orders through our mutual funds platform then it will be credited to your trading account.
Hi,
I wanted to know if i can apply for CPSE ETF FFO which is about to open for retail investor from 15th to 17th March 2017,
I already have zerodha trading and demat account, please confirm if i can go for CPSE ETF FFO or do i need to go via Directly to AMC(RMF) or any other brokerage firms.
A quick reply will be highly appreciated.
thanks
PD
You can do it through us, when the FFO is open, you will see an apply button on this page: https://zerodha.com/cpse-etf/ (currently shows detail of the last CPSE FFO)
Hi Nitin,
First I would like to thank you for quick response (I never seen where a founder of an startup is making customer on top priority,even in Holi festival you helped me with early reply, I
Wish you good luck and many more milestones for Zerodha)
Now I have a doubt , will I get 3.5% discount which govt is providing to all retail investors?
Also is there any minimum unit I need to buy ?
Regards
PD
Yes you will get the 3.5% discount. Minimum is Rs 5000, we have just taken the page up for you to apply. Check this. https://zerodha.com/cpse-etf/. If you have any queries, check this
I bought 2 DSP SIP\’s from zerodha.But when I called the DSP support they say I never bought any SIP plan instead I bought lupsum.Is this a form of cheat.Because my DSP blackrock Micro cap fund got closed as I don\’t have existing SIP plann.
Sudip, Check this answer. Selling SIP is more lucrative as fund houses pay more commission compared to selling lumpsum. The reason we simulate a lumpsum as SIP is because of all the convenience that it gives, mentioned in the link above. They have a midcap/smallcap fund which essentially has same investment philosophy that you can shift to.
I placed an SIP order today morning at 8.30. Till 9.15 pm the status is showing Order placed – Pending verification. Why is this taking so long? at which day\’s nav shall i get the units?? If i\’m placing the order in the morning of 27th, shouldn\’t i get the units at the nav declared end of day 26th??
Hi,
Once you place the order on T day before the cut-off time of 1:30 pm, then you would receive the allotment of the units at the NAV of T day (AMC publishes the NAV in the night after 9 pm). You will then receive the units in your demat on T+1 day (most probably by afternoon) and the same would reflect in your portfolio on the mutual funds platform.
So, when you had placed the order today before the cut-off time, the status would have displayed \’ Pending Verification \’. After the cut-off time, it is now showing \’Order placed – pending verification \’. Tomorrow morning it will reflect as \’ Order sent to AMC \’ and then by afternoon as \’ Allotted \’.
You can click on the FAQ link below to understand the order settlement process.
http://support.zerodha.com/kb/faq.php?id=309
Does not work like that it seems as far as status goes. Its not 1:30 PM and it shows sent to AMC. So if i want to cancel order placed before 1:30 PM – it will not be possible as order shows right now at 12:52 as sent to AMC
I want to bu DSP BlackRock Micro-Cap Fund – Growth mutual fund.But it is not showing when I click on \”Explore funds\” in https://mf.zerodha.com/. But if i search \”DSP BlackRock Micro-Cap Fund – Growth in zerodha\” Then I can see the mutual fund and can also buy.Why it is not showing in explore funds section.
All new purchases in this fund has been stopped.
But I can buy.Just I have search directly from Google.there is buy option.
Check this article, tells the reason why they stopped accepting new funds.
Hi..recently, I received an email from Zerodha that all investments including SIPs into the \”DSP BlackRock Micro-Cap Fund\” have been suspended and hence all our standing instructions i.e. SIPs will be deleted. But, I read on their website and also valueresearchonline that existing SIPs registered on or before Feb 20 will be allowed to continue .
Here\’s the exact text on quote \”However, the fund-house said the scheme will continue to allot units for subscription transactions pursuant to SIP, STP, Dividend Transfer Plan, Super SIP facilities registered prior to Feb. 20. and pursuant to declaration of dividend under the dividend reinvestment option offered under the Scheme\”. Here\’s the link : https://www.valueresearchonline.com/story/h2_storyView.asp?str=33070 .
Since my SIPs were started last year (May 2016), I assume that I should be allowed to purchase units even now. Can someone please clarify what\’s happening here ? Am I missing something ? thanks !
Regards,
SPR
Hi SPR, the SIP we run is a simulated one, which is essentially a lumpsum that gets invested systematically based on your requirement. This gives flexibility to the user to do what he wishes, start/stop whenever, start SIP without any bank mandate forms.
Suppose I have a sip of rs:1000.Every month rs:1000 has been deducted from my account.What will happen if I unable to give money after continuation of few months?
Nothing happens, that months SIP misses. You can come back and start anytime in the future, or redeem the SIP that you have paid for, or continue holding to what is bought. You have absolute freedom.
Although I registered for a weekly SIP in DSPBR Micro Cap fund through zerodha mf, it is sent to DSPBR as a lumpsum instead of SIP by zerodha. The dspbr website shows that as lumpsum. I also lost out of continuing the sip as DSPBR has stopped taking fresh deposits (lump sum) although they are accepting existing SIPs.
Prem, like I have mentioned earlier, we run a simulated SIP. Essentially lumpsum invested end of every month. This gives extreme amounts of flexibility to our clients. Btw, you can look at DSP small and midcap fund, it follows the same objectives of investment.
Hi,
I want to Know Charges for Redeeming Mutual Funds on Zerodha MF Platform.
No redeeming charges, but since the MF is in demat form, CDSL DP charges are applicable. Rs 5.5 flat irrespective of the value of the fund.
https://www.smallcase.com/login
login form selection is coming out of border
Hey, can you send me a screenshot at vasanth [at] smallcase [dot] com
Will investigate
Hi Nithin,
Have you started offering margin against mutual funds held in Zerodha?
Thanks,
Ratan
Not yet.
Hi
I am in process of opening demat account with Zerodha, and finding an online platform to transact in mutual fund really gives me more reason to open it.
I want to understand few queries regarding mutual fund if you may address them:
1. Do you provide only the regular plans or direct plans as well? For e.g. some platforms like invezta and oro transact only in Direct plans which are cheaper than regular plans.
2. Most of the MF transaction platform do claim that they don\’t take any charges but they adjust NAV and credit less units after deducting the charges in customer folio. Hope you are not involved in this malpractice.
1. For now only regular plans, but we give the convenience to keep it in demat form unlike others.
2. Of course not.
Sir,
I would like to know there is any brockerage or charge for selling MFs from ZERODHA Demat.
Thanking You
No brokerage charge. But since you have MF in demat, when you redeem, there is a DP charge applicable. Flat Rs 13/debit irrespective of how many units you redeem.
Dear Nithin,
First of all thank you for providing such a beautiful platform to trade in markets. Hope our journey continues for long. Wish you good luck for upcoming years.
Actually my concern was is Rs50 will be through out same from here or else there will be any changes in recent years?
Thank You
Mitesh
The plan is to keep the charges the same.
Sir, I need recommendations/advises to sell old not good performing MF and reinvest in new good performing MF regularly as offered by scripbox and goalwise. Are you supporting this type of service? They are also not charging any fee. Goalwise is automatically doing it for me. Please explain.
Sanjay, currently we are not running any advisory as such. You can pick and choose whichever MF to buy with us, and you get the benefit of buying it in Demat form.
Hi, recently I applied for CPSE ETF through zerodha demat..I got confirmation about the allotment also via email and SMS. But I can\’t see my units anywhere in my demat…today listing also done. Can u help me pls
Ramarao, can you wait for until end of day, if it still doesn\’t show up, can you email [email protected] with your client ID.
Hi,
I have got a doubt. If I\’ve SIP due and my Equity balance amount is not enough to pay for SIP. What will happen in that scenario?
What if I\’ve holdings? Will SIP amount get deducted from my holding?
Is there someway I can download all the transactions that is happening in my dmat account? Will this include SIP amount as well?
If there is no cash balance, the SIP installment will get rejected. Holdings wont\’ be affected. You can login to Q.zerodha.com or directly on the CDSL website to see all transactions in your demat.
Dear Sir,
I wanted to ask about Reliance Money Manager fund which is just like saving account with high interest , they can provide ATM card also for redemption. If I invest excess amount (parked in Zerodha trading account for getting margins) into this fund through Zerodha platform and I wanted to redeem it in emergency as like for buying equity or opting margins for derivatives ( option strategy) , is it possible to redeem as it happens with ATM card?
Instead of this, but liquidbees (which is like the reliance money manager fund itself). You can sell liquidbees and immediately trade on F&O.
Suppose we started a weekly SIP and after paying 2 installments can we stop that SIP?
Yes
SIp Amount direct deduct from bank is it possible???
Not currently.
What happens when we redeem our existing mutual funds? I mean where is the amount credited that one had invested earlier…
How to get them back to my bank account and is there any fee charged for the same and how much?
Once you redeem, money comes to your trading, from where you can withdraw to your bank account by logging into q.zerodha.com
What happens to devidends in mutual fund ? Dividends will come to linked bank account associated with Demat account OR to trading account ?
Does P&L (short term / Long term) in Mutual Funds will shown in Tax P&L in Q dashboard for Taxation purpose ?
Thanks,
Jyoti
To the linked bank accounts. Currently P&L on MF is still not showing up on Q. But we will have this feature up soon.
Hi Guys,
I tried to buy a mutual fund of \’Reliance Tax saver fund\’ , but the portal showed a message \’Order placing failed, Purchase not allowed for today\’, why is this a problem? I already bought 4 other MFs and their status is \’Order sent to AMC\’, but I am not able to place a new order, can you help?
Thanks.
I got a response from Zerodha representative that I should I try again which I just did(tried buying ‘Reliance Tax saver fund\’), but it gave the same error.
Please check, Thanks.
It is best you send account specific queries to [email protected]
The issue is with selecting \’Dividend\’ option instead of \’Growth\’ option, my order is placed when I select \’Growth\’ option. Thanks to Zerodha support.
I am also waiting for the CPSE ETF subscription, when we can expect the link, i have the IL&FS account opened in zerodha. as well trading account. I am new to MF investment. i have loaded money into my account i don\’t know how it will work and what should be done to subscribe for this ETF. can some one help from zerodha on this. or just direct me through email, i am also watching this board for any update too.. wouldbe nice if i get an email from zerodha on how to register or subscribe through our platform.
We will send you an email as soon as the link is up. http://www.zerodha.com/cpse is the link, will go live sometime tomorrow evening.
The link is not yet up. Is there any other we could subscribe for the etf?
It is, check this: https://zerodha.com/cpse-etf/
Hi,
I want to invest in upcoming CPSE ETF FFO. This is my first time investing in such instruments. Can I invest in them through Zerodha MF or do I need to apply directly?
Also, in the application form, it asks for broker code or ARN; can you provide me zerodha\’s broker code or ARN.
Thank you.
Vinay, by monday evening you will have an order form to apply for the CPSE ETF on our website. We will email the link to you once it is up.
Hi Nithin,
I am interested as well . Please send me the link . Thanks.
Regards
Sudarshan
Even i am interested in CPSE ETF FFO coming up on 17 Jan 2017.
Please send me the link.
Thank you.
We will share it via email tomorrow. The link will most likely be zerodha.com/cpse
Sir, I want to invest in CPSE FFO offer for this season and I\’ve registered for this on Zerodha. But I didn\’t receive any email or link from your side regarding this.Could you please help me out?
Hey Debargha, you can place an order here. We\’ll send you an email once the issue closes and the order is placed on the exchange.
Hi
I have zerodha demat account. I have equity mutual funds & ELSS funds SIP running in HDFC, Axis, ICICI, Reliance.
So, I have following questions:
1. Can I transfer my mututal fund to zerodha demat?
2. In zerodha is there brokerage involved while we start or buy SIP?
3. Currently, as I\’m investing in different AMCs have different folios. How it is managed in zerodha if I transfer my holdings to zerodha demat?
4. What are the differences between buying or starting SIP in Zerodha and between howI\’m currently investing(i.e. Investing through websites of AMCs i invest in)
Thanks
Currently, I haven\’t mutual funds through Zerodha. I have individual login and folios from each AMC
Hi,
1) Yes you can transfer your existing mutual funds from another broker or distributor to your Zerodha account. We deal with mutual units that are only in demat form, hence, if your units are not in demat form then you can write an email to [email protected] and our team will assist you with the procedure for dematerialization of the units.
2) We do not levy any extra charges for any investments through our mutual funds platform.
3) As you have mentioned that you have been investing directly from the AMC websites thus your investments will be in a direct plan of the mutual fund schemes and not a regular plan. If you have transferred the units to your zerodha demat account then the units will not reflect on the mutual funds platform or in your Q back office. You can verify the units by generating your demat account statement. Your investments through our platform will be in regular plan and will contain a different folio number.
4) We are providing you the convenience of investing in various schemes via one account rather than opening an account with each AMC. At Zerodha, your investments are consolidated under one portfolio and you can track your investments with ease. Also, you can edit/pause your SIP at any point of time, a feature which no other distributor provides on their platform.
I\’ve invested in ELSS thru zerodha mf and I need receipts to be submitted in our company for verification.
I just have a mail confirmation of allotment thru mail, as per our company that won\’t be sufficient.
How do I obtain these receipts
If you go to the Portfolio options, there\’s an option for you to generate the ELSS statements which will suffice as proof of investment.
Hi Nitin/Venu,
You guys wonderful. Thanks for providing such a simple kite app. Could you please let me know the charges for buy/sell of mutual funds? Where can I get this information please?
Thanks
Manju
There are no charges for buying/selling 🙂
Thank you
Hi Zerodha Team,
Zerodha charges for fund transfer from Bank to Zerodha . why?
Other brokers do not charge anything like this. I had transfered 25k from my bank to Zerodha and i just got Rs 24989 only.
Can I use Zerodha Demat account, when I buy mutual funds on other platforms like for eg. MFU?
Yes.
I have been part of Zerodha for quite some time, and had ILFS Dmat Account. I had sent the Zerodha Dmat account opening forms along with ILFS closure forms to transfer my holding and to close ILFS account. Zerodha Dmat account was closed on 19th December but still the ILFS account is not closed and holdings not transferred. I have raised a support ticket #907869 already
Please have a look at my case and let me know when I can expect the ILFS Dmat account to be closed.
Thanks in advance.
ILFS doesn\’t process closure requests on the go, they do it only during the last 10 days of the month. Some internal policy that way. Our team is following up to get your account closed on priority.
Is smart SIP\’s are available in Zerodha? we can change installment amount according to NAV price in smart SIP\’s.
You can change the SIP amount anytime you want. But this change has to be done by you manually, no automated way currently.
Is mutual fund pledging services started in zerodha? if no then when can i expect the same?
Vinod, not yet. This will take more time.
I have ELSS mutual fund with icicidirect and want to transfer in to Zerodha.
Please tell me the procedure.
Praveen, if this is in demat, you can transfer using DIS slip. Check this link. If it isn\’t in demat form, you will have to first convert it into demat form at ICICI
Could you confirm the working of conditional order in Zerodha MF…
Case 1: Current NAV is 25, I place conditional order at 27, at what price it will purchase ?
Case 2: Current NAV is 25, I place conditional order at 23, whether my order will be cancelled or open till that NAV price comes in the consecutive days?
Thanks in advance for your clarification.
1. It\’ll get bought at 25.
2. Yes, it\’ll wait until the NAV price reaches 25. Order will remain open until such time.
The conditional order facility works similar to how a limit order works.
Thanks for giving clarity…
I have a demat account with Zerodha
Myself and father have a material share and he is the primary holder , My father is no more and I have the Share certificate with me , can you tell me what should I do to transfer it to my demat account.
Thanks
Mark
Mark, Since you and your father are the holders of the share certificate:
Submit a notarized copy of the death certificate along with the Share certificate, dematerialization request form and transmission form.
Hope this clarifies
Hi Nithin,
I need to transfer some shares from my friend\’s zerodha account into my zerodha account.
Is it possible in first place and what is the procedure to be followed to initiate the same??
Thanks in advance!!!
Raghu, you need to request for a DIS booklet for your friends account (similar to cheque book) from us. Once your friend receives it, he will have to fill up your demat account number and shares that he intends to transfer and submit it to us. The transfer can then happen.
I used fund transfer in Kite interface. For every transfer from Bank A/C to Zerodha account, there are two charges:
1. NEFT/RTGS/IMPS charge Which Bank charges (Let say 5 rs)
2. Being Payment Gateway Charges in Zerodha (10rs approx)
So, even you transfer 100 rs from your Bank to Zerodha trading account overall charge in 15 rs.
This is really huge if you do transfer frequently.
I closed my HDFC trading A/c and opened Zerodha for better brokerage charge. However, this transfer charge is really making it worst.
I have two questions:
A. Is there any way to transfer money in trading account without so heavy charge. Especially 2nd charge which I mentioned earlier ?
B. Is there any charge for withdraw back from zerodha to bank account back as well ?
Rajiv, the charges are either or. If you use NEFT/IMPS/RTGS (your bank might charge you, we dont charge anything), payment gateway charges is not applicable. Vice versa as well.
If you are transferring from your HDFC Bank to our NSE client HDFC bank via bank transfer, there is no charges applicable.
A. Transfer from your HDFC to our HDFC, no charges applicable.
B. No charges to withdraw.
Nithin, thanks for your response.
My bank does not charge for NEFT transaction. However, payment gateway charge is deducted every time when I transfer to Zerodha.
Can you please elaborate about following:
\”Transfer from your HDFC to our HDFC, no charges applicable. \”
Do you mean, if I transfer directly transfer to HDFC account of Zerodha then there will not be any payment gateway charge ? If yes then, how can I transfer to Zerodha HDFC bank(please mail me Bank details) and further how will it be deposited in my equity/commodity balance ?
Rajiv, if you use the payment gateway, there is going to be that charge. This is not charged by us, this is charged by the our payment gateway vendor atom tech.
If you register Zerodha as a payee on your bank and do a direct NEFT/IMPS/RTGS or bank to bank transfer, we dont\’ charge anything. But in this case, there might be a delay in funds being updated on your trading account (15 mins). This link has all the details: https://zerodha.com/fund-transfer
Hi Nitin,
I have mt demat with ILFS When can we start buying MF from zerodha..
I dont want to shift my demat account.
Ah.. don\’t think we will be able to enable mutual fund buying with the ILFS demat.
What is partner sharing ? yet to find out could u please share details so that can be promoted along with clients.
Mohit, we are having some issues with this. Will take more time to start sharing.
I have zerodha account both equity & MF enabled , can I buy ELSS tax saver funds via mf.zerodha.com ?
if yen then how do I get a statement of it to produce it in my company for 80C tax exception
Yes you can buy. We send you a transaction copy of the mutual fund purchase, you can print that and submit to your company.
can i pledge mutual funds for F&O Trading?
No
Nithin Kamath, first of all I would like to congratulate you and thank you for easing our life. I was a sharekhan user earlier, but once I came to know about Zerodha and I started using it, I knew that the time has come to move to Zerodha completely.
Coming to my query, I want to invest in MF. I do not want to go for SIP, but I have to invest in multiple phases. Lets say I have 15k and want to invest in HDFC High Interest Dynamic-G, with the initial investment of 5k and the remnant amount anytime when the NAV is down. So lets say I end up investing 15K in 3 phases, would it result in purchasing the MF, 3 times or the Nav would be averaged out like in stock?
Please help.
Thanks Milind, the NAV will get averaged out like stocks.
Is there any chance to get MF feature with ILFS demat account?
Somnath, with ILFS it won\’t be possible.
Hi, I have been investing in MF via zerodha. Do you have any plans to add mutual fund app on playstore.
Thanks,
Vinayak
Vinayak, yeah we will, but might take some more time.
I started monthly SIP of 2000 , which will get debited 2mrw from my zerodha account, but can i increase the amount of same SIP to 3000 or 5000 in future and vice versa ?
thank you
Yes, you can change this anytime.
Hi Team,
In Mutual funds, I was not able to find any holding info of the mutual funds. Like what is sector wise holding, company wise holding and also CRISIL rating. If this are provided it would be great.
Dhaivat, for now we had focused on making execution as easy as possible. Get your point, we will look into adding the research piece into it as well.
Hi,
Two questions :
1. Is buying mutual funds has any charge (entry load) on it? Earlier ICICI direct doesn\’t used to charge anything. But now it started charging Rs100.
2. I want to buy ELSS fund. Will I get Tax reciept mentioning that the fund has 80C benefits on my Email?
1. We don\’t charge anything.
2. You will get a holding statement with these mutual funds on them and a transaction report. That is enough as proof.
Can I do a SIP on equity in zerodha ?
Not yet.
Hi Nitin
May I know how to trasfer the SIP from Zerodha to others.?
If SIP is in demat form, you can just transfer it to your zerodha demat account using DIS slips provided by your other broker. Once transferred, you can start a fresh SIP at Zerodha.
Hi nithin
I have posted several times please reply my above posted
Hi Nitin,
Actually I have Zerodha Demat account now i want to start SIP. My question are
1.SIP installment is debited from equity balance or my bank account
2. After the lock in period(when Sell Fund) amount will be credited to my bank account or equity balance
3. Charges for stating SIP
4. any docs required.
1. Equity balance currently.
2. Equity balance
3. NO charges
4. No docs required if you already have an account with us.
But i Just spoke with Zerodha support they told me that SIP Installment will be Debited from Bank and after Sell it will also Credited from bank.
Confuse.
Help me
Ah, can you tell whom you spoke to? What I said is correct.
I don\’t know the name exactly. But she also told me first that you said. But suddenly she correct his answered and tell me new one so I\’m Confuse little bit
Hi Nithin
My name Omprakash. Id: DO0042. ph: 9566068331Investing in mutual fund name Mirae Asset Mutual Fund monthly sip Rs.2000. Today(10/24/2016) recd email from mirae asset i am not able to figure what the mail means exactly. What i understood is bulk purchase temperorily suspension or something else. Will it affect my sip\’s. Kindly clarify me or arrange a callback for this.
Here is the mail…………
NOTICE is hereby given that Mirae Asset Trustee Company Pvt. Ltd., Trustee to Mirae Asset Mutual Fund
(MAMF) has approved the following:
TEMPORARY SUSPENSION OF LUMPSUM SUBSCRIPTION OF UNITS UNDER MIRAE ASSET
EMERGING BLUECHIP FUND (AN OPEN-ENDED EQUITY FUND):
Fresh lumpsum subscription/switch-in to all the Plans & Options of Mirae Asset Emerging Bluechip Fund
(MAEBF) through any mode including Stock Exchange platform has been temporarily suspended with
effect from October 25, 2016 after the cut-off time of 15:00 hours.
Investors are advised to take note of the following details in respect of the aforementioned suspension:
i) Fresh Registration through the Systematic Route i.e. Systematic Investment Plan (SIP)/Systematic
Transfer Plan (STP)**/ Mirae Asset Variable Transfer Plan (VTP)/Mirae Asset Trigger Investment Plan
(TRIP)/Mirae Asset Group Investment Plan (GRIP) shall be allowed for a maximum of upto Rs.25,000/-
(Rupees Twenty Five Thousand) per each installment/execution per trade date before the cut off time
of 15:00 hours. Further, the said limit of Rs.25, 000/- through all or any of the Systematic Route shall
be applicable at PAN level for each Investor.
**Investors may please note that the Daily STP from any scheme “IN” to MAEBF will not be available
during the said suspension period and that the Investors will be able to transact using the other frequency
options available under the STP facility of MAEBF with the specified limitation.
ii) Existing registrations/application received till the cut-off time of 15:00 hours on October 25, 2016 through
all or any of the Systematic Route, shall continue without any change (as is) as per the terms of the
Scheme Information Document of MAEBF at the time of such registrations.
iii) Any Redemptions including Switch-out or Systematic Withdrawal Plan (SWP) would continue without
any change (as is) as per the terms of the Scheme Information Document of MAEBF.
iv) The scheme will continue to issue units to the investors registered under the Dividend Reinvestment
Option in case MAEBF declares any dividend.
The AMC reserves the right to reject and refund without any notice to the investor at applicable NAV, in
case if the subscription through all or any of the Systematic Route is received or inadvertently processed
for an installment amount of more than Rs.25,000/- (Rupees Twenty Five Thousand) per transaction at
PAN level for any trade date.
All the aforesaid conditions shall be applicable to MAEBF till further notice.
This notice-cum-addendum forms an integral part of the SID, KIM and SAI of Mirae Asset Mutual Fund. All
other contents of the SID, SAI and KIM remain unchanged.
Kindly clarify this.
Hi,
I heard if I want to exit the mutual fund then there will be some exit load. What is the same for Axis bank long term equity fund.
Also what is the lock in period for same fund? it is on Initial investment or on both initial invvestment + SIP?
Parag, check this: https://mf.zerodha.com/funds/14055514.00206600/axis-long-term-equity-fund, also you can find link to all scheme related documents for your fund here.
Hi Team Zerodha,
I want to know the timeline when the Pvt Ltd company can invest in MF through the Zerodha Demat account. Last month I was told that it was not still functional. Any tentative ETA of enabling MF purchases through demat?
Thanks!!
Vipin, will take us a 3 to 4 weeks.
Hi Nithin,
I am looking for MF enabled demat for Pvt Ltd company of mine so that I can transact in MF through zerodha. Is this enabled now on your platform?
Yes, it is now. Can you send an email to [email protected] and [email protected]
Hi,
I have just opened an account with zerodha for Mutual Fund, i had a big problem starting SIP. There are few funds whose SIP could be as minimum as Rs. 500 Per month and initial Amount itself could be RS. 500. but here on zerodha It shows minimum Initial amount at Rs. 5000 as default, whereas on other platform it is not the case or there is a bug on the site. In case of lumpsum investment it should be Rs. 5000 and not the SIP. Kindly Fix this.
Ritesh, currently the way we are doing SIP on our MF platform is that we are simulating it using lumpsum/reinvestments. Yes it has that issue of Rs 5000 to start off, but it also gives a lot of flexibility. We will add the normal SIP mode also soon.
Why should you guys claim zero brokerage? You are selling regular plans where commissions are being paid by the mutual fund companies to Zerodha? The brokerage cost is being charged by the mutual fund company, it is deducted from the investor\’s money and shared with Zerodha. So a brokerage is being charged!
It will be zero brokerage if investment is into Direct plans, which do not deduct brokerage portion from the investor\’s money.
This is pretty much misleading the general public with such claims
1. We\’ve only said it\’s 0 brokerage for all Equity investments.
2. We\’ve never said we offer direct plans.
If you wish to invest into a Direct plan, you\’ll have to approach the AMC directly. As Mutual fund distributors, we don\’t have an online option to offer direct plans.
What are the benefits and drawback in buying Mutual Funds in Lumpsum and SIP? E.g. If I want to invest 5000 per month then is it good to do SIP or Buy Lumpsum every month?
Making investments through SIP gives you an opportunity to average out your investments. Both have their own advantages and disadvantages, you can look it up on Google.
Hi Nitin,
Can we expect to have a Filtering option in mutual fund..I Am exploring some of the mutual fund in scanners but every time end up with different figure .You have put 3 as recommended funds but i would want to explore more based on my criteria . Could you please include this in next release or suggest me a site if their is one .
Have taken your feedback and passed it to the MF team. We\’ll make fund selection easier in the coming days 🙂
Sir,
My mutual fund sip order was cancelled this month due to insufficient funds..Now I have transferred funds into my account..Will the order get placed automatically this time??
Regards
Mayur
If you\’ve transferred funds after the due date, the order doesn\’t go through. Funds have to be available as on the date when the order is due. You can however place a lumpsum order for the same fund to ensure you don\’t miss an installment.
Hi,
I wish to buy MutualFund as a bulk and also wish to do sip every month.
If I buy bulk then Do I need to transfer the amount to my equity account and from there it is debited?
Please let me know if you support SIP. If yes is this debited every month from my bank or from my equity account?
Also share any other process if you have.
Yes you can do both SIP and bulk, yeah money gets debited from your trading account.
Every month SIP gets debited from trading equity account?
Yes
Do you provide the folio number and the statement from the AMC?
If you\’ve purchased the funds already, you should have received these details from the AMC already. If you haven\’t, please write to [email protected] and we\’ll get in touch with the AMC and ask them to provide these details to you.
I am using your mutual fund platform. Its really help me to have all my stock market related investments into one, earlier I was using fundsindia for the mutual fund. One of my concern is that you are not providing all the mutual funds in your platform, especially Parag Parikh mutual funds. When can we expect all the mutual funds?
Also another item I would prefer is to deduct my trading account(Equity Margin) balance, instead of doing it in the evening. I mean you can add the amount to Margin Used at-least.
We do have PPFA, check this: https://mf.zerodha.com/funds. It will be tough to block margins during day.
Thanks Nithin for the reply. I found the PPFA fund and invested. The reason I prefer to deduct the margins is that some time I forget the mutual fund orders and buy more stocks.
Dear Nithin,
Want to know , when can i see the MF option in mobile platform ( Kite ). Eagerly waiting for it.
Thanks
Hi
I would like to know other than getting all other AMC mutual funds under one roof/demat account,what are all other advantages of changing to Zerodha plarform.
please inform if this procedure of having funds in Zerodha demat , is good for retired persons with regards to 1. cap gain analysis / documentation . 2 . income generation.
thanks
Samir, we give you the convenience of tracking NAV prices in your orders and also simulated SIP\’s that can be started and stopped at will with a click of a button. You get all the statements as well.
Hi Nithin,
Please guide me how do i transfer a mutual fund which is with ICICI Direct to Zerodha . It is in Demat form and had opened directly with ICICI Direct .
Regards,
Vj
It is exactly like how you transfer shares. Check this.
I want to invest in MFs through DEMAT. I want to know if it is as good as investing through an AMC.
What are the charges if I use zerodha to buy MFs
There are no charges for buying MF\’s through Zerodha.
But I need to share the profit with zerodha right ? Some Commisssion
No, there\’s no commission you get charged. Commissions are paid directly by the AMC to us.
Hi,
I wanted to know, why is IDFC Premier equity – Growth fund now available on Zerodha platform.
Saurabh
Can anyone revert on my query!! If IDFC Premier equity is available for investment via Zerodha or not?
Saurabh
It also seems that not all the funds are available from all AMCs on Zerodha platform. I am currently investing in MFs via fundsupermart.co.in and they have got all the AMCs and all funds under 1 roof. Any idea by when All AMCs and all funds be available on zerodha? Appreciate your response soon. Thanks.
how can we invest in overnight mutal fund by zerodha.
If you know the fund, you can search for it on our MF platform and buy it.
Dear sir,
1. Can i sell my mutual fund holdings and get instant margin for a intraday trade like we do in stocks ? After closing that intraday trade can i buyback mutual fund holdings ? If possible how much brokerage charged ?
Ah no, you can\’t. Mutual fund redemption requests are processed only end of day, and you can\’t really do intraday trading as such on that.
thanks
I have total investment of 8.7 lakh in uti MF… now I want to transfer it to Zerodha. what should I supposed to do now?
Is the investment in demat form?If it is, you can transfer it to your zerodha demat account
I have invested it through a local uti office. and how to find whether my investments are in demat form or not…
It won\’t be in demat form then. You will have to convert this into demat, painful process. Best to let it be and purchase from now using your Zerodha trading and demat.
Hello Zerodha,
Can you please fasten the integration of mutual funds in to your kite app ?
Because I want to invest in mutual funds without the hassle of starting laptop, connecting to internet, opening browser, searching for zerodha, going to mutual funds section, login and then transact.
Please integrate in your kite app and I would be the most happiest person when it comes to mutual fund investing.
And also, allow adding funds to Zerodha account from a debit card or ewallets. I haven\’t used netbanking for the last 2 years. Sorry, not good at remembering strong passwords and a login id and hardest part, remembering transaction password. Oh, OTP also.
Manvender, payment gateways charge quite a bit for debit card transfers (Rs 25) and ewallets are not allowed as per SEBI. Mutual fund within Kite will come soon.
Hi Nithin,
When Zerodha supports only regular plans and receive commissions from fund houses, how is this different from other DMAT providers, who also don\’t charge for buying MFs from their platform? Ex: I can open a DMAT account with SBI with onetime fee and buy/redeem MFs ?
Any plans for supporting direct plans in future?
Also, if we buy MF on your platform, can we see them on CAMS site?
With the mutual fund platform, there is nothing different that we offer. Couple of things, all funds are available, conditional orders, you can start/stop our simulated SIP with one click. Direct plans not possible to be offered by a distributor like us. We sell mutual funds in demat mode, so CAMS will not show this. You can see it on your NSDL/CDSL consolidated statements.
As you might be knowing that Mf Utility is offering online investments in Direct Mutual Funds schemes now. I can invest there and increase my returns by 0.5% – 1.2% without going through any extra pain. I can invest in mutual funds from a single portal there as offered by Zerodha but save that extra expense. There are many others platform also like ORO, Invezta etc.
I like 0 charges for equity delivery of Zerodha and other features but when it comes to mutual funds, I am losing easy money for no reason if platforms like Mf utility is there for it. So will Zerodha be providing Direct plans in future?
Abhijit, currently distributors can\’t offer direct plans. If that is possible in the future, yeah.
Is there any account maintenance charges in mutual fund of zerodha?
No
How can i start a SIP in mutual fund through demat account at Zerodha. What are charges and procedures,iF ANY SIMPLE and transparent procedure,pl make me aware ,so that i can avail this facility. Thank you.
sunil ,Jaipur 9983178471
Sunil, SIP is quite simple at Zerodha. Click on SIP and make sure to have funds in your trading account on the SIP date.
Hi Nithin,
Is Zerodha coming up with an Advisory service to help clients invest in proper MFs as per their financial goals…. and also to suggest if we need to switch funds based on the performance of the MFs.
The way it currently is…we can see the historic returns from the Zerodha MF Platform and directly go to the AMC Websites to invest directly instead of paying 0.5-0.7% for Regular Plan.
For novice investors like me….some guidance would have been really helpful.
We don\’t have plans yet Som. We\’ll let you know when we start advisory.
Very Important request.
At outset I would like to share my sincere experience of thrill by looking at Zerodha. I work in a big product MNC and am immensely proud that Zerodha is matching my company\’s own standards wrt design, quality and elegance. Ways to go guys!! I am also happy that you have opened up Mutual funds investment via Zerodha. Now the way Zerodha is I dont want you guys to just ordinary stock broker and MF agent. So here is what I think your tech team should do:
1. You have data for each and every trade, like buy, sell etc.
2. Use these numbers to on top of any of the 5-10 top Mutual funds.
3. Now show that what if instead of buying directly if one had bought in these MFs.
4. Compare the returns
This way people would get really motivated to check that whether they can beat MFs and if not than there is no need for extra burden and simply invest in MFs. Since you have buy and sell data it would be the correct information.
Hope to see this feature soon and check my own performance!
Arvind
Hi
I want to start a monthly SIP of Rs 2000 for next 15 years in SBI Bluechip fund(Growth). However while purchasing, it says that initial Investment required is Rs 5000. However is there any other way I can start SIP directly without paying initial Rs 5000?
Thanks
Prashant
Ah Prashant, for that particular fund you will need to do the minimum 5k for the first time.
Dear Mr.Nitin
i am very happy to invest in mutual funds through zerodha .. started investment.. i have few suggestions regarding
SMALL CASE . which you recommended recently … its very good platform . but there is small changes to be done..
i have purchased some shares directly through KITE .. And i am alos invested through Samall case .. where as Small case have bunch of Shares ..which is also showing in my same portfolio of Kite .. now its quite confusing what i bought through kite and what i bought through small case .. this is really creating confuse … if i wanna sell …
so i suggest please show it in seperate portfolio the shares which belongs to small case .. like how mutual funds and equities shows seperate .. in Back office portfolio … pleaseeeee this will really help … regards
Padma
Yes Padma, working on this.
Could you be able to convert my existing mutual funds brought through fundsindia to my demat account. If I send you the MF Demat Request Form + CAMS Consolidated Account Statement? Or do you need the statement of account separately?
Yes, you can convert in case it\’s a lumpsum investment you\’ve made. Yes, you\’ve to send us the Demat request form and the physical statement of accounts.
Hey Zerodha team,
I bought some Daily dividend funds a couple of days back and wanted to check where can I see the dividends credited and the accounting? I haven\’t got any credits yet in my bank account
Aniket
Is it possible in Zerodha MF to Switch the invested funds between funds within the AMC?
e.g. XYZ AMC have abc 1, abc 2…& so on funds. Once invested in abc2 fund, can i switch over to abc1 thru Zerodha?
if not, redemption amount will get credited my bank account or Zerodha trading account?
You will have to redeem and buy again. The amount will get credited in the Zerodha trading account when you redeem.
Hi Nithin
My id DO0042 Omprakash.I have opted for mutual fund name Mirae Asset Emerging Bluechip Fund – Growth. My first sip on 10-08-2016 rs. 5000 that was the initial one. Second sip on 10-07-2016(Yesterday wednesday). Here my question is my next sip instalment shows date as 09-09-2016 actually i have opted for every 10th of the month but my next sip shows 09-09-2016. This is how the sip date will go Descending to ascending order. Please clarify and also tell me the correct ph :no and contact person to call for any enquiry for mutual fund because no body aware the exact info about mutual fund in your customer care. contact : 9566068331.
Having this checked and our team to call you back.
Hi Nithin, Congrats for all your efforts for making the Kite a super user friendly on browsers and Mobile Apps.
I just want to know what are the special or different advantages we get for buying MF\’s from Zerodha compared to others i.e. ICICIdirect, HDFC, etc…?
Thanks
Anil
Anil, the conditional orders that you can place on MF is unique to use. Also SIP with us can be customized unlike with others. Other than this, everything else is almost the same.
May I know how to make additional funds ?
I didn\’t get your question.
Let\’s say I have purchased some funds from XYZ this month. Can I add few more funds next month ?
Absolutely
Any plans to offer SIP in stocks?
I don\’t think it should be very difficult to implement, now that you have the framework in place.
Regards,
Tanmay
Hopefully should be out very soon.
Dear Zerodha,
How i will place SIP order at NAV Tracking prices??
Are MF SIPs on Zerodha Regular or Direct?
We are distributors, so everything on Zerodha MF is regular.
I would like to open Demat specially for investing in Mutual Fund SIP & lumsum.
But it will be tedious task to transfer money in every month. It may be difficult to keep cash for 2-3 SIP at time.
Initially I am planning to start SIP of Rs 4000 / month
Is there any solution ? If yes. then I am very much interested to open demat with yoy
Arun, you can IMPS money into your account anytime. Also unlike traditional SIP\’s you have complete flexibility to start/stop/edit your SIP online with a click of a button.
Nitin Sir
Thanx for prompt reply
But I am looking for option by which the require SIP amount will automatically debited from my bank account; may be 2 days before due date.
B coz I guess otherwise I will have to do IMPS every month manually.
Plz suggest solution
Yes, we will have an ECS/NACH kind of facility to directly debit from your account also.
Hi Nitin,
I have started investing Mutual funds from Zerodha Platform. I would like to know If there is possibility of getting Collateral Margin from the Mutual funds like we do get from stocks ? If there isn\’t. Can I ask you, if zerodha is planning to do so in coming future ?
Thanks
Chandra sekhar
Chandra, collateral margin on mutual funds is probably not going to happen soon.
Hi My id: Do0042. Omprakash. Today 10/07/16 I opened a mutual fund name mirae asset emerging blue ship-growth with sip of 2000 per month. My account balance is rs. 5850 Initial investment was 5000 I confirmed the request and registered successfully.My question is that it says next sip due date is 08/08/16 amount Rs. 2000. It means this month current (10/07/16) debits only rs. 5000 or both initial amount Rs.5000+ sip amt Rs2000? Please resolve this query. Another one is there any option say after couple months or years decided to increase or decrease my sip amount? Please answer both questions or ask one of your rep. to call regards this.
ph: 9566068331.
This month only Rs 5000, from next month Rs 2000. MF investing extremely flexible, u can start, stop, increase at any time.
Hi Nithin,
Congrats to you & your team for great work being doing.
1. What will be the difference between buying mf through Zerodha & direct AMC.
2. Is there any extra charge we have to pay to zerodha???
1. With Zerodha, you will have the benefit that you can have one consolidated portfolio of stocks and mutual funds.
2. We don\’t charge any execution fees.
I have a few queries
1. Will you offer robo advisory alongwith the simple buying and selling of mutual funds
2. In portals like MFU, which offers free investing in mutual funds (direct schemes) there is no charge, do you have any charges like per sip costs, etc
1. Maybe in the future. Btw, check out https://www.smallcase.com/
2. No SIP charges and all.
some areas zerodha services are very good and less cost but some areas it is very bad, example pledging existing shares, in icicidirect we can pledge and simultaneously sell pledge shares whereas in zerodha if u pledge then u want to sell means u need to unpledge and it takes 1-2 days and within that time stock may come down. in icicidirect spot u can sell even pledged shares. while falling shares in each day it will fall very fast.
if this feature available in zerodha then it is very useful.
We will have it up soon.
is there any annual maintenance charge for mutural fund demat?
We have only one demat, both for stocks and MF, Rs 300 AMC per year.
Hi,
If I\’m investing in tax saving mutual fund with a certain locking period, will I be getting any investment proof that can be used for declaring my investments.
You could just use the demat holding statement as the proof. You can also use the email that we send on transaction as a proof as well.
Its good.
But When I opened my demat account through Zerodha, it will got from IL & FS.
So how can I avail the facility of MF from my zerodha account?
Plz suggest.
You can visit https://q.zerodha.com/user/profile/, download the pre-filled demat form, sign it and send it to us. Also make sure to send us ILFS demat closure letter.
Hello sir in Android kite. app not see mutual fund can I see in future. It\’s a possible sir
Yeah, we will start showing mutual funds also soon.
What r the minimum and maximum difference in load in direct and regular plan
You will have to check with the fund house, each scheme has different loads.
Nitin,
Searching mutual fund just by fund name and investing on it is v difficult. Must to be added is evaluation for mutual fund\’s performance by using various factors like type of fund, market cap, returns, risk level, etc. Without this choosing a mutual fund by simple search is impossible. Refer the one given by moneycontrol.com
Sushant
Hi,
Will I be able to invest in the Mahanagar IPO through the OFS link on Q ? I have an ILFS demat account
No, IPO is still not available.
Having just initial look on your mutualfund dashboard.
I was expecting something like i will be able to search which are the top performing fund but no, it is just select fund and then get the history of fund performance. There should be option to provide top 10 or top n funds for different parameters. Even better if we can search in detail for eg. which funds are having PAGE IN in their portfolio, XYZ fund manager hare managing which funds etc.
We will add all these bits in time.
Great , i love zerodha, miracle tools for traders and investors.
Hi,
The exit load for Bira SL Short term fund is NIL as per the scheme document but Zerodha shows a 0.25% exit load. I see this on many short term mutual funds. Does zerodha charge exit load separately?
We can\’t charge any exit load. What AMC charges is the actual exit load. The exit loads shown are what we receive from DION (our data vendor), will check if there is any mistakes with their data.
Hi,
I would like to know what happens when on the day of SIP execution, there\’s not enough balance in Zerodha Account ? Does the SIP gets paused automatically, or is it executed on the next day or during the the next SIP instalment ? Do I get any notification(SMS or email) regarding this ? Kindly clarify…
U will miss that particular installment, the next installment will continue. Yeah, u will get email before and after the SIP date.
For already existing with IL&FS below forms are there under q.zerodha.com –>Profile option–>Pre-filled forms
(1)Equity trading
(2)Demat
(3)Commodity trading
(4)KYC
(5)Financial proofs
I only interested to do trading in Equity & Mutual Funds. So for opening Zerodha demat, do i need to send all the above forms or just Equity trading(1) & Demat(2) only ?
For opening Zerodha demat (for already existing one with IL&FS) below forms are there under q.zerodha.com –>Profile option–>Pre-filled forms
(1)Equity trading
(2)Demat
(3)Commodity trading
(4)KYC
(5)Financial proofs
I only interested to do trading in Equity & Mutual Funds. So do i need to send all the forms or just Equity trading & Demat only ?
You just have to send demat account form.
Hi When we will get facility to pledge MFs ?
Pledging MF has operational issues with all these various issues like reinvestment options, dividend option, etc.. We might not do it for a while.
plz let me know how to start
Hi I want to invest in SIPS & Info on MF & Equity stocks.
You can go to mf.zerodha.com select the fund and get started. The blogpost above explains how to.
Hi Nithin,
I am not enrolled as a AP . But i have a question .
1)What is it different for referral and AP .
2) Do I get commission if my referred client open MF with you .
Regards,
Vj
An AP is more like a serious partner of ours, who is doing this more than just referring a bunch of friends. Yep, we share MF commission with our partners.
Dear Nitin,
I had sent signed application for opening of new Dmat account. The same has already been delivered to you since 20th May. I have already made 3 email communications in this regard. Unfortunately, neither I have got any response on the emails nor the account has been opened.
Does this not mock your claim that that new Dmat accounts are opened within 24 hrs ?
Regards
Bimal (DB0668)
Hi,
I have started using mf.zerodha…from the user experience perspective / ease of doing business / 🙂 , fantastic job.
however I think one thing is missing or may be I am not able to find is, to track performace of mutualfunds portfolio.
Say I have multiple funds in my portfolio, I would really like to see how my portfolio is earning money for me, what returns its giving, which mf is laggard, which one is performing….
I think you guys know, what I am trying to say here….
thanks, and appreciate all your fantastic initiatives.
regards,
VIanyak
Vinayak, mutual funds will soon start forming part of Q holdings. But on mf.zerodha.com once you login, click on the dashboard button and then portfolio. It will show your P&L.
got it, thanks again…
Hi Nitin,
I hold MF in HDFC investment services account i.e statement form.I wish to transfer to zerodha demat.
How can i do this?
I have ELSS MF which is lock in for 3 years,can i transfer these to zerodha.
Chanad, it is best not to transfer these. There could be issues around redemption. We are still working with the exchange MF platform on bringing in clarity on redeeming such funds. Will keep you posted.
Thank you, Sir, for the clarification.
I started an SIP with you on this day. It is so simple to start SIP. My kudos to you.
I have a doubt, whether nomination for the SIP is to be made separately or the demat account nomination will be taken into account?
I request you kindly clarify.
Demat account nomination will work.
What will be the difference in the NAV in your plan and direct plan.
1. I need a rough estimate in percentage terms, or say I invest 1 lakh in Reliance Money Manager Growth fund.
2. How are these difference in NAVs decided.
3. What is the maximum and minimum changes in NAV that I can expect.
Tanmay, it will vary from fund to fund. You can go to Reliance website and compare the NAV for direct and the NAV on our platform.
How do we transfer our existing mutual funds or SIP’s into zerodha’s demat?
Not possible currently
sir how to start sip
Login to mf.zerodha.com using Kite/Trading login ID password. Once done, search for a fund, and click on start SIP.
Ok, Nithin, Thank you. I have one more to ask.
If I invest in Liquidbees, how to pledge with you to have funds requirement
If any charges for pledge & release.
How many days it will take to pledge onpurchae date itself or T+2 days.
Thank you, Sir.
Check this post, explains everything.
I am having drmat in my name. Shall Invest in SIP in MF in my granddaughter\’s name ( she is minor) as a guartian. If so, what are the requirements.
The best way to do it will be to have your granddaughther as nominee on your demat account. Opening trading and demat in the name of a minor will not be possible.
Can I transfer my invested mutual fund schemes from fundsindia (in non-demat form) to zerodha mf platform.
Thank you, Sir, for your prompt reply.
In my query about Liquidbees, I forget to mention that I am having trading& demat accounts with you.
If it possible to load sufficient sum , we can convert whenever required. Hence, I am asking about the details.
Can I invest in Liquidbees Hoq I can invest. Shall it be used at any time for trading purpose? What is the rate of interest. Is the funds available immediately for trading account, whenever we require?
Thank you, Sir
Liquidbees are ETF. So you can buy them very similar to how you buy stocks. Yes once bought they can be pledged and you can use it or margin. How much interest is not really fixed, it depends on the interest rate environment in the country. But usually more than savings bank rate and lesser than fixed deposit rates.
First of all, my compliments to Team Zerodha for all the support you provide to your clients. i have a few questions
1) How and where can I see all the 19 or 20 MF you have?
2) If a client of Zerodha wants to buy a MF you don\’t provide right now, direct from the particular fund house, what is the procedure?
3) At that time, should we have to give the demat account number of Zerodha and whether the MF purchased direct will get reflected in the demat account of your client ?
Thanks.
1. Check this: https://mf.zerodha.com/. You can use the explore option to see all listed by AMC https://mf.zerodha.com/funds
2. You will have to visit that particular fund house website and buy it. Unfortunately you will not be able to buy it in demat form.
3. MF purchased directly can\’t be taken into demat account.
Hello,
I want to know regarding Mf with monthly dividend option is this possible with it that if i sell them i get fund directly in zerodha account and not my bank account.?
Same Way for dividend which i will get every month will go to my zerodha account or bank account ?
Yes, whenver you sell any Mutual funds, the credit will come to your Trading account.
In case there\’s a dividend payout, the funds will go to the bank account mapped to your demat account.
Hi Nithin Kamanth,
I would like to know how much Zerodha charges for each SIP transaction in Mutual Fund like ICICI direct charges Rs. 34/- for a 5000/- SIP transaction. And also please let me know the charges for lump sum buy of mutual fund.
We have no execution charges at all, it is absolutely free SIP or Lumpsum.
That\’s awesome. You guys are amazing. Respect.. _/_
Then what are the charges which a customer would have to bear while trading with mutual funds through zerodha?
Will the NAV be same as the real NAV in market?
Where does zerodha get profit from mutual funds?
Is there any additional change in AMC of a demat account if i trade in mutual fund too?
There are no additional charges for trading MF through Zerodha. NAV is the real NAV in market.
AMC shares commission for selling mutual funds for them.
No additional change in AMC of demat
Hi ,
i want to invest in the HDFC liquid fund i am not able to find the same in the Search tab.
Can you please help me in investing in the same ??
regards,
Amrut Vishnu Katwa
Check this link: https://mf.zerodha.com/funds, search for HDFC, you can see all funds listed under HDFC.
@Nitin:
There are a bunch of firms like Invezta, orowealth etc. which are offering direct mutual fund plans and leaving brokerage in the hands of investors, hope you would take that route albeit with a 20 brokerage 🙂 to keep it afloat. Happy to pay Zerodha than mutual funds.
🙂 direct plans currently not possible. But yeah maybe in the future.
Hi.
I was wondering why is the cut-off time given as 1:30pm. Shouldn\’t that be 3:00 pm? When we buy from Camsonline or directly from Fund\’s website, cut-off time is 3:00 pm.
If you want the funds to be allotted at same day\’s NAV, the orders have to be punched into the system before 2.00 pm and hence the cut-off is 1.30 pm.
sir,
i am trading in f&o,holding shares &mf . After ending financial year i have take all short term &long term capital gain statement in your back office sir.any demo pls
Hi Team,
I want to transfer my demat account from ICICI Direct to Zerodha — I have already invested with in ICICI Direct in Equity and Mutual funds (DSP, Mirae, Reliance) (I\’m not the day trader).
Please explain the process, time taken for change and any charges.
Is it possible to maintain two demat accounts till Zerodha having full access on above mentioned mutual funds.
Thanks in advance.
You\’ll have to get your trading and demat account opened at Zerodha. Once the account is opened, you\’ll have to transfer all your holdings including Mutual funds to your newly opened Zerodha demat account by filling the Delivery Instruction Slip from ICICI and submitting it to them. If its a transfer cum closure, then ICICI wouldn\’t charge you anything for the transfer, if you\’re only transferring, they would charge you a transaction fee for transferring.
Your Zerodha Account would get opened within 48 hours subject to all documents being right. Transfer of shares shouldn\’t take more than a day from the time you\’ve given them the request.
we refered but we r not receiving any referals ur team is v.irreasponsible they r not available in this competion age if u do like god save u
Could you send an email to [email protected] with the details so we can have this checked?
Can you please explain little bit more about tag line which you mentioned in the top \”Just 200 everyday is 1.5 crore in 25 years\”.. I am trying to understand how is it possible but couldn\’t 🙁
Thanks in advance !
If you invest Rs.200 every day for 25 years, you would have built a corpus of 1.5 cr at the end of 25 years, that\’s the effect of compounding. I suggest you read through this module on Varsity to know the compounding effect.
http://zerodha.com/varsity/chapter/mindset-investor/
Nithin, I would like to invest in MF through Zerodha. To open a demat account with Zerodha, I need to send the Pre-filled form and the ILFS closure letter [filled-in? Please confirm] to Zerodha.
Please confirm if my understanding is right. Also confirm the address it needs to be sent to. Are there any other documents to be sent? Thanks.
Zerodha is offering any financial planning advisory or robo advisory services?
https://rammoney.wordpress.com/
Hey Cherry, sssup 🙂 . Currently we have no advisory services in-house, but we are working with a bunch of new startups through our incubator http://rainmatter.com/ focusing on this.
Hello Team Zerodha,
I want information about SIP. Typically when we purchase any SIP it should ask Fund, Frequency , Amount and Purchase Date.
I guess Purchase date is mission while ordering any SIP.
Plz add it so it can be convenient for clients to have flexible date (i.e. 5,10,15,18,21 of any month etc).
Also i want to have Auto debit ECS from bank account also. if there is not provision from direct bank transfer, there should be link between zerodha and bank established for Auto debit.
Naitik, the SIP we are running is not like your traditional SIP. So for now auto debit ECS from bank is not possible (also it is quite cumbersome registering ECS/NACH). Also stopping/starting traditional SIP\’s are quite tough. About your date requests, I am putting it up with our tech team.
For, DSP BlackRock Micro Cap Fund – Growth
Exit load on mf.zerodha.com is 1%, where on DSP site
\”
Exit Load
Holding period from the date of allotment:
Less than 12 months: 1%
Greater than or equal to 12 months: Nil
\”
I think, the same information should be provided on zerodha platform as well. Most of the case, for period greater than 1 year is NIL, which I didn\’t see on zerodha page.
And thanks for zerodha platform. it is great!
Having this double checked. The data we share is sourced from an external agency.
HI Nithin,
Thanks a lot for providing such a wonderful platform Zerodha. I have added 5 MF SIPs in my zerodha account, but surprised to see no option for setting up a particular SIP date. Currently the SIP date is taken with the reference from initial investment date. Could you please make the option to choose SIP date enabled as soon as possible.
Thanks
Yes, on our list of things to do.
Oh Thats great 🙂
Can mutual funds bought in Zerodha\’s MF platform be pledged at one click? If yes, is there a list of Mutual funds which can be pledged to create margin for F&O?
Not yet, but you will be able to in the next few weeks.
sir , i have sent order for axis elss plan , my order has been sent to amc and money is debited today, in how many days will it be alloted .
secondly sir , if it will be alloted tommrow then i will have to show invested money for deduction under 80c for next year or it will be counted for this year only .
Sameer, if the money is debited today, you can consider it for this year. It will be allotted tomorrow.
sir if we redeem any open ended mf scheme(equity type) after one year then also there will be exit load or it will be there after any sort of time .
secondly , sir in balanced fund short term capital gain tax will be exempted after one year or three years .
anxiously waiting for you answer
thank you.
1. It depends on the mf scheme. Some have it after 1 year, some don\’t.
2. Depends on what type of balanced funds you are investing in. If equity oriented (>65% in equity) then treatment is similar to equity funds, if not it is treated as debt fund.
Hi,
Can u pls update mutual fund dashboard on daily basis?
Last time I logged request to update nav and ur representative updated nav and revert back to me that they are seeing updated nav.
Currently I am seeing hdfc short term opportunities nav as 16.47 which is not latest.
Hi Nithin,
Many many thanks for introducing the MF platform .After getting the news I was planning switch my MF investment with Zerodha from some other broker house.But many big and popular fund houses are missing there 🙁 .As example ICICI,TATA,UTI,Birla,CanaraRobeco,DSP Black Rock etc.
Hope I will see those soon and will able to switch myself into zerodha for MF related requirements.
give me one more suggestion as well i have invested in several fund houses with Aditya Birla My universe , and if i want to continue those fund will zerodha able to port those folio into zerodha account?
Hi Nithin
I have demat account in zerodha. My id DO0042 Omprakash. plan to start sip. I have some doubts.I saw the screen shots mutual fund conditional order window which says select your sip dates weekly,15 days ,monthly. Here my doubt is if i plan to invest Rs.1000 in a month i can split that amount as 500+500 in two different dates in the same month eg: January 15 Rs.500 and January 23rd Rs.500 since your have given option as mutual fund conditional order window and minimum investment 5000 is the initial amount and sip for month starts from Rs.500 right? and if i want to increase the sip is that possible?Kindly reply me
Phone: 9566068331.
Yes to both your questions.
Hi Nithin
I placed an sip order though mf.zeRodha login. I got an allotment mail. Subsequently after Few days It got rejected stating insufficient fund in my trading account. Whereas I had sufficient funds on my zerodha trading account.
How do I make the payment for SIP?
Can you send all account specific queries to [email protected]
Hi Nithin,
I saw zerodha has added SBI mutual funds but some of the funds are still missing. I checked on moneycontrol SBI Small & Midcap Fund -Direct (G) had a return of 44% over the last 2 years. Is there any chance that this can be added?
When are you going to add DSP-blackrock ?
Thanks for opentrade by the way.
Varun, Direct funds can\’t be sold through a distributor. You will have to buy these funds directly with the fund house. DSP blackrock soon.
Thanks for replying.
SBI Small & Midcap Fund (G) is not direct. But still missing ?
It is SBI Magnum midcap fund, check this link.
Hi
SBI Small and Midcap (G) is not available on Zerodha. SBI Magnum Midcap is a different fund with different portfolio than the SBI Small and Midcap fund. When will this be available?
The AMC is not allowing lumpsum investment in SBI small & midcap, hence the fund is not reflecting on our platform.
Hi Can you please provide tentative timeline for MF pledging. ( One month, 2 month , 6month )
Thanks
Amit
Hopefully in the next two months.
I hold zerodha demat account.
Since zerodha didn\’t had mf platform year ago.
i bought mf schemes using fundsindia.
These schemes are not in demat form.
Can i transfer these mf folios to zerodha demat a/c.
I posted same query to zerodha support, they replied they can\’t do.http://support.zerodha.com/tickets.php?id=516133
Till now fundsindia used to handle online transactions now you will take care of transactions.
Yes Arun, for now we are not converting into demat form. We might start this soon.
Hi Nitin,
Will I have to keep funds for SIP with Zerodha or the SIP amount will be directly debited from SB account linked with Zerodha?
You will have to keep it with Zerodha. We give a lot of flexibility for this customized SIP.
Hi Nithin,
You have made world of investment simple. The moment I came to know that you have started Demat Ac service I sent form same day to close IL & FS and move existing holdings accordingly in Zerodha Demat. Trust me your co. is simply outstanding in service delivery. I have couple of questions/suggestion.
1) What are the charges for Purchasing MFs?
2) What are the charges of holding MF units in demat ac? Is it similar like Shares?
3) I suggest you to integrate MF account into Kite itself, so that switching won\’t be a problem.
Regards
Sujeet
1. No charges
2. None. Similar to Shares
3. Currently it is integrated with Q. Eventually Kite and Q will have same login/pwd.
For Shares delivery/sell it is charged around 14 Rs per script. So all SIPs of MF will be charged separately around 14 Rs? Pls clarify. Thank You
When you redeem, all SIP\’s would be redeemed at one time. So only one charge would apply. Btw, for mutual funds the DP charge is just Rs 5.5
Sorry I think I din\’t make my question clear to you. You said \’\”When you redeem, all SIP’s would be redeemed at one time. So only one charge would apply\’\”
What about SIP purchase? All single SIPs will be charged at 5.5 RS per transaction as per it\’s frequency (weekly/monthly)?
While purchasing there are no DP charges applicable, only when it is debited from demat account.
Hi,
Is pledging allowed against mutual funds holdings if so when will you start appx date.( I read in one of the answers given above that it will take some time)
Not yet, will take time.
your MF tagline says, start investing in over 2000 mutuals funds. but there is no way where we can filter the funds By AMC or by category like Equity, ELSS, Debt, Liquid etc. and compare in between them. 🙁
The category page is coming soon.
There are only a few select Mutual funds that one can invest through Zerodha. Big names like SBI, Birla, HDFC etc. are not available.
I hope that you are going to expand the scope ?
We have more than 20 AMC\’s in the total 40 AMC\’s in India. The rest are on its way.
I am unable to apply for mutual fund through Q back office account. Is the pass word for Q back office different from my trading account (PR0589) password? Please let me know how I can apply for mutual funds through my trading account. Can I use the free cash available in my trading account / commodity account for purchase of mutual funds?
You can use free cash in equity account to buy mutual funds. Yes password for Q is different than the trading password. You can visit here: https://q.zerodha.com/ and set your password.
When do you plan to make the cut-off time 2pm ? A cut-off of 8 am is quite an issue if I want to make optimum use of my trading funds
In the next 3-4 days. We\’ll let you know the exact day soon.
What will happen to the transaction if i do not have sufficient balance in my trading account ?
It will not be placed for that particular day. It will wait until you have sufficient balance for order to be placed.
So once the balance is available, it will be done the same day or T+1 ? Or Will it skip that SIP for the month ? It happened to me. But, next day when balance was available the status was still : Insufficient Balance.
Orders are placed at 2pm everyday. So if there are funds before such time, your order will go through else will remain pending till you cancel it. Same thing with SIP, order will remain pending if there are no funds and will get placed once there are funds in the account.
I have made some MF purchase from your new MF platform. I am quite concerned after I spoke to HDFC MF today. You need to sought out things about Joint account holder and Nominee ASAP. You are behaving like icicidirect use to around 5 years back.
I am told (by HDFC MF) that my Folio , which is created after I made a purchase with you, does not have any joint account holder or Nominee. HDFC doesn\’t recognise my wife (Joint holder) or my dad (Nominee).
Can you please answer my following questions, if possible in the same numeric order:
1. Why no Joint holder is added in the Folio? The Demat account is in Joint name.
2. Why no Nominee is added to the Folio? I have faced a lot of difficulties and lost around 2 lacs rupees because my grandfather did not have Nominee in his post office saving scheme. You are again going to put my family member through the same grief if you do not add Nominee to my MF investments.
3. If something happens to me, the folio will be in my name and the demat account will be in my Wife\’s name (As the first holder is dead). How can this situation be tackled? Technically someone else\’s units are in someone else\’s account after my death. What are the documents that will be required by my wife to claim these MF units. Please note that ideally no documents should be required because she is the equal owner of the Demat account in which the units are held. HDFC has confirmed that they do not recognise the joint holder or the Nominee of my demat account.
4. For my future investments that I make through your MF platform, how can I add a Joint account holder and a Nominee?
5. Please note that icicidirect clearly provides an option to add a joint account holder and a Nominee in a folio (event though the units are held only in a folio and not the demat account). Do you have any plans to introduce this? If not its quite concerning.
Hi Ron,
1. The MF accounts have been created as per the details available in the trading records.
2. The nominee & the second holder have been updated for your account. All your future purchases will reflect these details.
3. We spoke to the R&T of the AMC. The R&T insists that the client write a letter giving details of the second holder along with a copy of the CMR of the DP and the folio number and the second holder can be updated for the existing folio that you\’ve purchased. Here\’s the link to find the closest R&T agent (CAMS) for the fund you are holding where the letter has to be sent: https://www.camsonline.com/InvestorServices/COL_ISServiceCenter.aspx Do let us know once you send this out, so we could get in touch with the R&T and get this done.
4. They have already been added.
5. You can update a Joint account holder & nominee in the way mentioned above.
Hello,
The MF home page shows a FATCA declaration on first login. But there is no link provided on the FATCA details. Will be helpful to include the link on it.
Please clarify if the data on the expense ratios listed against the MF schemes is correct. For e.g. \’HDFC Liquid Fund – Growth option\’ shows an expense ration of 0.08% on Zerodha. The Fact sheet on the HDFC MF website shows it as 0.45%.
Regs,
Sindhu R.H.
i have invested last year in axis long term equity -direct plan, can i attach that to ur dp to get benifit of pledging and margin funding
For now you can\’t. We will share all details on pledging very soon. You will also need to convert your MF into demat form first.
Hi,
I have some MF in Mirae asset AMC and SBI Bluechip fund. I have zerodha demat a/c but my MFs are in non-demat. Also my MFs are in direct plan with AMC.
1. How can I transfer these MFs to Zerodha a/c?
2, After transfer Can I pledge them and use margin for trading?
3. After transfer do these plans shall be changed into Regular plan?
4. Please provide me the procedure to doing these transfer procedure.
1. Currently you can transfer only if its in demat.
2. Pledge for MF\’s will take sometime.
3. No, they\’ll remain to be Direct plans. You will not be able to redeem them through us.
4. If it\’s in Demat mode, you\’ll have to use the DIS slip to initiate the transfer.
sir u are trying to incorporate ILFS demats as well, what will approximate time will require to bring ilfs demat for mutual fund
Its best to get your demat account opened at Zerodha and transact in Mutual funds. The pre filled forms are available in your Q login under the Profile page.
Hi,
I have some mutual funds. Few of them that I have directly purchased from AMC (direct plans) and few of them purchased through broker(regular) in same folio.
Can I transfer all these funds to zerodha?
Sumit
Yes you can, but first needs to be converted to demat.
Thanks for reply,
I hope, this transfer does not mean Sell and Buy of mutual funds…right?
No. You can dematerialize these funds and can hold them in your Zerodha demat account.
Dear Sir,
I have despatched the trading and demat account opening forms on 23rd Feb and received by you on 25th Feb. To my surprise, the trading account opened today(29th) and intimation received by me(RB1790). it is remarble that the account opened within 3 working days. My best wishes to you and your team mates.
With regards,
S Bhuaneswari
Hi Nithin…this is Raghu here. I want to close my demat account with ilfs opened by Zerodha and want to open demat account with Zerodha itself. I had downloaded closing form and account opening form. I am unable to fill it. Please help me fill out the forms. Please mail me step by step instructions for both process. My client id is DR3873 and my mail id is [email protected]
Thanks
Just login to Q and click on Profile to download your pre-filled demat application form. Just sign it and send it to get your Zerodha demat account opened.
1. What documents do i need to attach alongwith the prefilled form for the opening of zerodha deemat account??
2. how many days will it take to open the account?
Check this blogpost, explains all the docs. Should open in 48 hours from once we receive the forms.
Hi Nithin,
I wanted to transfer my units present in my hdfc securitites demat account to zerodha demat account.
The 3 mf are :-
1)CANARA ROBECO MUTUAL FUND-EMERGING EQUITIES REGULAR GROWTH -OPENED
2)HDFC MUTUAL FUND-MIDCAP OPPOR FUND GROWTH OPEN ENDED
3)SBI MUTUAL FUND-PHARMA FUND REGULAR PLAN GROWTH OPEN END
When i went through the list of mf present, I only saw HDFC MF. So basically i have 2 questions:-
1) Can i transfer my hdfc mf units now and rest two after they are listed on your website
2) When can i can expect sbi and canara to be listed.
Thanks in advance,
Rupin
Rupin, we are in the process of getting empanelled with SBI and Canara, maybe two to four weeks. Yes you can transfer only HDFC now and the rest later.
Hi, Why can\’t i find KOTAK ETFs?
Could you suggest how to find funds by category?
Regards,
Sunny
ETF\’s are exchange traded funds, so you will not be able to find it on the MF platform, you can find it directly on the trading platform (similar to stocks). We will soon have funds by category as well.
Great work by zerodha. Completely satisfied with the services offered, But when I am trying to log in to Q account for mutual fund it is showing invalid user ID/ Passsword. I have already got the mail today that the account is activated for mutual funds. Hoping issue will be resolved soon.
Thanks Lohit, can you send account specific queries to [email protected] with your client ID.
Hi Nithin,
If i redeem MF will i be able to use the redemption money immediately in trading account to buy shares?
Currently this is possible when the shares are sold even though settlement happens T+2 days.
In MF it won\’t be possible Shivamma as the settlement cycle for each fund might vary from T+1 to upto T+3.
It would be good if this can be enabled at least for Liquid MF where settlement is for T+ 1 day
Can Distributor use this MF platform??
Yes, but the distributor admin access will take a little longer.
Hi Nitin,
When Q back office will be upgraded from Beta version ? I see this every day and it remains the same .
Another observation is do we really need to have the outdated Bulletin on the page ?the last updated is 30th July. Or is it showing only to mine ?
Regards
Vj
There\’ll be a new version of Q released soon. 25th Feb 2016 was the last update on Bulletin which seems to show on the homepage. Here\’s the direct link: https://zerodha.com/marketintel/Bulletin/
Excellent initiative for creating convenient MF access with Indian savers.
All the very best.
Have you stopped empanelling new AMCs now after the 20-odd that you mentioned? or are you open to empanel even more? Our MFs are performed well in recent times, and hence, this query about empanelling on your platform.
Thanks
Thanks Sourajit, we will have all funds up in the next 4 weeks.
Hi,
Once MF pledging available, Can we replace 50% cash with pledged liquid fund?
Sumit
For cash component bit, it is best if you use liquidbees which are ETF\’s that can be bought on the exchange. Also make sure that there is always some free cash, to make good of any MTM losses.
Thanks for reply,
Still i am little bit unclear about this.
lets keep MTM losses aside for a moment.
Historically liquid bees gives 4 to 4.5 % return and liquid funds gives 8% returns.
And i have pledged mutual funds of 1 lakh rs (50,000 Equity MF + 50,000 Liquid funds).
So can I use these pledged amount for future trading or option selling without cash component?
We know Liquid bees = Cash.
My question is :-
Pledge Liquid Fund == Cash ???
Is this correct?
Sumit
Hi Sumit,
Liquid funds don\’t form part of the Cash component. Only Liquid bees are.
Hi
ZERODHA clients (not Partners) if refer anyone to MF will they get any referral commission (like 10% in brokerage Rs 20)? If yes how much?
Also do you have affiliate links for MF, KITE & Varsity pages
MF for now no. But we are seeing what can be done. Registering as partner with us will probably make sense if you spot an opportunity.
Thanks for ur reply.
Also do you have affiliate links for KITE & Varsity pages?
Not for now, but will get it added soon.https://zerodha.com/associate
Hi Nitin,
I have axis mf elss holdings (not sip) in icicisecurities demat a/c which is linked with Zerodha. Can I transfer my holdings in zerodha demat. If so kindly let me know the detailed procedure.
Rakesh, for now it is not possible. But we will allow it soon.
I am already Investing directly with in few Mutual Funds, can i move them to DEMAT at Zerodha ?
If yes, how to do that ?
Additionally, Example Kotak is charging me 1.9% of total investment on Direct Investment
will this change if i invest via Zerodha ?
For now you can\’t move those to our demat. If you are paying 1.9% to Kotak, you rather just invest through the regular method on our platform. We don\’t charge anything.
are you planning add more number of Mutual Fund List, because i dont see many MF\’s like Franklin Templeton
22 of the 40 AMC\’s are already empanelled. The rest should be up soon.
My main question was regarding Mutual Fund Expenses
Example : \”Franklin India Prima Plus Fund\” charges expenses as 2.26%
Does Zerodha get anything directly from Franklin as a distributor ?
How does Zero get Profit?
Yes like all mutual fund distributors, we will get some commission from fund house for selling their MF.
What all are the SIP intervals available in this platform?
Currently, weekly, fortnight, monthly, quarterly. We will soon introduce daily.
Thank you Nitin for bringing out so much innovation behind the idea of brokering. Zerodha support, the team, executive, everybody is more than happy to help. That really pleases me as a customer. Very much happy and proud to have Zerodha as my broker. Highly Recommended. Thank you to each and every person involved in making Zerodha what it is!. 🙂
I want to include API in asp.net website
Please help[ me..
Can you speak to our sales team first. I am guessing this for you to partner with us.
Dear Sir,
What benefit I will get if provide referral for mutual fund?
You can speak to our sales team, if you intend to become a partner with us.
Hi Zerodha,
I was surprised to find you guys going the regular plan route considering there are sites (not naming them for obvious reasons) that give you the opportunity to invest using the direct method. And I\’m not talking about investing directly with AMCs. These sites charge 20rs transaction fee but let us invest directly with various funds using the same account. I was actually waiting for you guys to fully launch mutual funds before I use other sites expecting you guys to adopt the same model. Your announcement was surprising since you have followed a business model of charging low transaction fees while not having any advisors, which I love. I\’m a bit disappointed. Now I must go ahead with the other site.
As a broker, we can\’t sell MF in direct format. We intend to sell it in the demat form only.
sir we have il&fs demat what would be for us or this is for all zerodha client
You can open a zerodha demat for free by sending us a printed demat form available on Q.zerodha.com under profile.
When VTC(valid till canceled) orders features start in equity trading platform?
We\’re working on it. Will take some time, we\’ll let you know once its out.
HOW MUCH CHARGES WILL U DEDUCT ON MFS UNITS REDEMPTION? IS THERE ANY DEMAT CHARGES FOR THAT
Demat charges would be Rs.8 + CDSL charges
Venu garu will u give an clear idea about how much cdsl charges approximate?
Hi Hari Rs 5.5 is the CDSL charge per debit instruction.
I have already SIP and one time purchase directly from various mutual fund houses. I was wondering if there is any way I can transfer those to Zerodha. If yes, what is the procedure for doing the same.
SIP\’s can\’t be transferred. You can start a new SIP using our platform. One time purchase can be transferred to your Zerodha demat account if its in dematerialized form using a DIS slip.
i am trying to look for fanklin and sbi mutual funds but its not able to search the same.
can you let me know how should i do that.
Empanelment with Franklin and SBI MF is underway. You should be able to see them on the MF platform soon.
Bo fund transfer works only through Internet explorer. Can you please have this upgraded so that we can transfer through other browsers like chrome, mozilla or provide a separate APP so that everything can be managed through a Mobile Manager APP.
Secondly, Fund transfer does not work on the newer version of Internet explorer
shipped with Windows 10.
Hi Rohan, We\’re phasing out the old BO soon. You can transfer funds using Kite/Pi
By when can we expect to have this feature
The facility to transfer funds using Kite/Pi is already available.
You could just transfer funds using kite.zerodha.com. We will include payment gateway within Q.zerodha.com also soon.
Hi Nithin!
Can we have a feature to segregate Mf purchased under separate portfolios?
eg. I create a foli for \”retirement\” under this i have 2 SIP
2nd, i create a separate foli for \”children education\” and have 4SIP under it etc.
This will help track investment and more importantly investment goals.
Along with SIP in equity.
This feature will help us to make Zerodha our one stop investment solution
It need not really be a different folio. In the portfolio section on Q and MF, we can give an option segregate these investments into whatever head you want in.
Thanks Nithin. That would be a good feature to have
Hi , Conditional order is very good , This option valid for SIP ?
Conditional order i valid for life time ? or in 3 or 4 month order will expired ?
Conditional order valid until cancelled. For SIP that option is not there, but I guess we could add. Let me speak to the team.
If I invest in SIP through zerodha, will there be any brokerage or transaction cost for recurring investments?
No, it is absolutely free.
I HAVE OPENED MY ACCOUNT WITH ZERODHA IN SEPTEMBER 2015.
THEN MY DEMAT IS WITH ILFS AND NOW I HAVE TO OPEN NEW DEMAT ACCOUNT WITH ZERODHA DEMAT .
Yes, you can apply it for free like I have mentioned earlier in the comments.
Do you have an app for Android / IOS phone? That would be really useful apart from being cool. Please advise.
Our android is currently in beta. You can send an email to [email protected] to request access.
1. Why were we not informed when zerodha opened its Depository service ?
2. I read that there is no need for ECS. SIP amount would be deducted if there is balance in your account. Right ?.. Ok., Transfer of balance to our account is charged at 10 odd rupees. What about the charge here ? Will it be the same ?
1. Tapan, we had sent an email/sms out to all clients informing that we have started our DP services.
2. Yes, transfer of money to account if through payment gateway, the charges will apply. You could transfer through NEFT/IMPS to avoid it
Thanks Nitin for the information. Way to go! All the very best. Waiting for kite mobile app! Any update on that ?
Please send an email to [email protected] to get access to the alpha release of Kite.
Thanks venu. Doing it right away!
Dear Nithin,
A). I wish to opt for Zerodha Demat account as MF scheme been launched. I have pledged shares, does that need to unplugged first and then go for closure of account with ILFS before applying for Zerodha demat account?
B). I have received the SMS that Zerodha will call up in a week relates to Partner program. Till date no call and no Information about status on partner Program? Can I have status for the same?
Best Regards,
Mukesh
A. Yes you will have to unpledge, closeout the ILFS demat along with opening a demat at Zerodha.
B. Checking, and will get someone to call you back.
Dear Mr. Nithin,
Thanks for your prompt reply. In response to your confirmation Mr. Nelson of Zerodha did contact me on next day about the Partner Program and told me that he will be sending me the confirmatory email about the program however till today I haven\’t received any e mail from Mr. Nelson.
I have experienced very dull response from Zerodha team in relates to Partner Program.
Regards,
Mukeshkumar Patel
Dear Nitin,
This is Amazing. I am super Happy to witness Zerodha growing from one scale to another. I feel really proud to be associated with Zerodha. You are an ideal broker and DP. Waiting to see Zerodha scale new heights.
You need to promote more aggressively, the market is not aware of the diamond in you. Please promote big time – both online as well as offline. People would want to fall in love with a company like Zerodha!
Cheers!
Hi Nithin,
I wanted to know the debit transaction charges in Zerodha Demat Account.
Is it any flat amount or % of transaction value ?
Regards,
Avishek
We charge a flat fee of Rs.8 per transaction.
Mutual fund through online,that too with Zero charges.Great !!
Hi
I have zerodha trading ac and ILFs demat a/c.Do i need to open another demat with zerodha and may opt to close the existing one with ILFS
If yes..How do I close the ilfs demat a/c.
I know i May have to open new demat ac with zerodha before the ILFs one is cancelled so that I may continue using NSE scips on my watch list.
Am i correct?
Thank you sooooo much Nithin and zerodha entire team for the greatest platform, excellent experience with zerodha, thank u sooooo much guys
Happy trading and investing…
Hi Nitin,
This is an interesting feature. I have my investments with ICICI Prudential Mutual Fund, SBI Mutual Fund, Franklin India Fund, BNP Paribas Fund, IDFC Mutual Fund.
Out of these fund houses, only IDFC is visible in list of mutual funds.
Need your help to understand the timeline with other funds houses. It will be good if you enable these fund houses at earliest.
Looking forward for a positive response.
The empanelment is underway. You can expect ICICI & Franklin to be done by this week. BNP Paribas is already available as Sundaram. SBI by early March.
Hi Venu,
I tried searching \”BNP Paribas Dividend Yield Fund\” as \”Sundaram Dividend Yield Fund\”. But, I am unable to find the same. Please help.
Could you share the ISIN for this specific fund? Will have it checked.
INF251K01HJ5 is the ISIN. This is a Direct plan and hence is not available on our platform.
Hi Nithin,
I am bit confused. What\’s difference between direct plan and regular plan??
what are the pros and cons of both ??
Thank you in advance!!
Direct plans are when you buy directly from the AMC house, regular is when you buy from the distributor. Directly is cheaper, but buying it through someone like us is a lot more convenient. You could just google for more details.
Hi Nithin,
I a client of zerodha for more than 3 years. Had won the 60 day challenge. Had opted for refund on 26th Jan and your support team are even now saying it might take ANOTHER WEEK (but it was supposed to be WITHIN 10 DAYS as per the CLAIM).
I SERIOUSLY DON\’T CARE about the refund anymore its nothing compared to the brokerage i have paid zerodha. But somehow just make that MESSAGE go off from my Q.Zerodha page please (its the most annoying thing that i have seen so far). And when i requested for the same, your support team changed the message to \”Refund is Credited\”. They were just Joking i guess. So please do the needful.
This has happened with me as well and still remains the refund will be credited within 30 days. I did not make a query of it as its only some hundred. But yes It should be gen-win
We are having some technical issue with this. We will have this sorted soon.
Am I the only person facing web-page(z-connect only) alignment problems ? It looks scattered,not sure why… Tried in both Mozilla Firefox (44.0.2 v latest) and Microsoft Edge.
Seems alright, tried on multiple browser and machines. Can you send a screenshot to [email protected] with your contact details.
Hi nithin,
Good to have Mutal Fund.
I have two Question
1) I Never received call for Partner program .Why ?
2) Is it not so easy to have one platform than too many logins ? We have to login again on Q after clicking the MF link. Would you please link it with Kite platform so we dont have to remember too many passwords.
Regards,
Vj
1. Ah, checking.
2. Yes, the plan is during the year everything will be integrated within Kite.
Thankyou… The referral had a Claus that if the referral is not signed up within 60 days and the referee can not refer him again . Does this applies to Partner program as well ?
Yes Vj, it\’d apply to the partner program also.
Even me too never got a call from Zerodha for Partner program.
Another thing i want to ask is, why we need a demat for MF?
Coz i have acct with Indiainfo n had purchased some SIPs thru them, for redemption everytime i had to call them as the units were in my demat. I was not allowed to redeem my units on my own. What will be the case with Zerodha?
Checking why you didn\’t get a call.
Everything is online with us, you will be able to do everything on your own online as explained in the post above.
sir
All persons invest this way or only our client .Can i refer individuals without demat .
We are among the first to start offering MF in demat way. Currently a client will need to have a demat to invest with us.
Really happy with the launch of investing in mf..
Thanx Nithin Sir..
Zerodha always surprise us..Happy to be a part of ZERODHA
1. For the Demat account, what is the AMC charges?
2. Will this MF transaction show up in NSDL CAS statement?
1. Rs 300
2. Yes, CDSL CAS
Also, as you aware there are more than few brokerage firms offering Lifetime Free Demat!
It would wonderful gesture if Zerodha customers too can avail Lifetime free Demat from Zerodha!
There is running cost to maintain a demat, and hence the AMC. We anyways don\’t make any money on equity delivery.
Hi Nithin,
When I opened Trading Account during last year my Demat was opened with ILFS. Why this was done at that time?
What are the AMC fees on Zerodha Demat AC?
Pl clarifiy
Why cut off time is 8 am to get current day\’s NAV when equity mf cut off time in other platforms in 2 pm
We will be pushing ours to 2pm very soon.
what is the cut off time for mutual funds presently 0800 hours or 1400 hours
I\’m thinking of migrating my current ILFS demat account to Zerodha, but I would like to know the difference in the transaction charges. I read above that the AMC charge is less in case of Zerodha.
1) Apart from AMC is there any difference in charges?
2) I also read that Zerodha demat account has the Delivery Instructions book (10 leaves) followed! Was it the same in case of ILFS as well ?
1. No. AMC is 300 with us, 400 with ILFS
2. Delivery instruction in both the cases is sent only on request.
I have demat account with ilfs. Want to in zerodha. What to do??
My client I\’d Dc0453.
Login to Q.zerodha.com, go to profile, print the pre-filled demat form there, sign it and send it to us. While sending, also send the ILFS close out letter.
can i have to pay the amount???
No account opening fees, it is free.
Hi, Can we transfer existing Mutual Fund holdings brought from another Broker to Zerodha?
Currently not possible Manish, maybe in the future.
I have been desperately waiting for Zerodha to start this. I am very excited to use!!
However, I don\’t understand about the CDSL thing. I have my DMAT in IL&FS. Does this mean, I need to have Zerodha create another CDSL DMAT? Also, if I do go ahead for the CDSL account, would Zerodha transfer all my existing holdings from IL&FS to new CDSL?
If not wouldn\’t it be confusing to have 2 DMAT accounts which also would be unnecessary. Suggest me the right and optimal solution and I will proceed with that.
I see that you have already answered that Nitin.
Will print the prefilled form and also send letter of closure of IL&FS asking to be transferred to new CDSL account. Thanks!
Again, excited about this new addition 🙂
Yes, you\’ll have to open a demat account with Zerodha. Once your new CDSL demat account is opened with Zerodha, you can transfer shares from ILFS to Zerodha and close your ILFS demat account.
Hi Nithin ,let me take a moment to congrats you for this milestone.Zerodha understands customer need.is it possible to move to zerodha demat from existing ILFS demat for both stock and mutual fund.
Absolutely, login to Q.zerodha.com, go to profile, there is a pre-filled demat form. Sign it and send it to us. Along with it, send IL&FS closure letter, we will move all stocks once demat is opened.
Can I invest in \”Direct\” funds ? And are there any charges for every transaction ?
You can\’t invest in Direct funds using our platform. No additional transactions for buying MF\’s through Zerodha.
What are the charges for selling the mutual funds?
No charges
Hi Nithin,
Congratulations to you for introducing what online users need! Currently I have demat account with ILFS only and no demat account with Zerodha. As you mentioned in your previous posts, I will open a new demat account with Zerodha, particularly to invest in mutual funds. So, after opening the new Zerodha demat account, I will have two demat accounts in my Zerodha trading account. Isn\’t it? If I buy shares, to which demat account will them go? Is there any possibility to close that ILFS demat account and retain only Zerodha demat account? What do you suggest? I am tired of keeping too many accounts and remembering too many user id\’s and passwords. Thanks.
Have the same question. Curious to know whats the best solution in this case.
He has answered it previously. Copy pasting:
When you are opening the zerodha demat account, you can also transfer all your holdings from ILFS to Zerodha demat same time while opening the account. You can send us the IL&FS closure letter along with the new account opening form, so we will open the new account and have all your holdings transferred. https://www.dropbox.com/s/1byhxrmiobu6o1n/ILFSclosureletter.pdf?raw=1
Hi , my account too was opened with IILFC, my question is can I send the pre-filled form and ILFC closure letter through email. 2nd question is after sending this my ILFC account will be closed and all share will be transferred n?..do I need to do anything else apart from sending these 2 form, to close and transfer ILFC. Looking forward to it reply
Yes, first send the pre filled form and get your Demat account opened at Zerodha. Then submit a closure cum transfer form to ILFS, your account will be closed and your shares will be transferred to your newly opened Demat account.
Thanks for the quick reply..
If you open a demat account with Zerodha, it\’ll be mapped as your primary demat account and all future purchases will be credited to your Zerodha demat account. Once your demat account is opened, you can transfer your holdings to your Zerodha demat account and close the ILFS demat.
H Nithin
I don\’t see products from famous amcs like icici pru,franklin etc. they have very good performing mf products like icici pru value discovery,ft ultra short term fund,ft prima plus fund
Yep, everything will be available soon.
Though I have a zerodha demat account, I am unable to login.
I am able to login
Hi,
Is there any NAV difference between regular v/s direct plan?
If yes, than only fees we would be paying is the difference of the respective NAV\’s?
If no, than what is the fees we need to bear for the service bein offered?
Link please, to know which all AMC\’s are currently empanelled.
Yes there would be difference in NAV of regular and direct. This is not a fixed fees, varies based on the fund. There is no link as such of empanelled AMC, if you can search for it, it means we are empanelled.
1.) I have a IL&Fs demat account with zerodha, will the opening of new demat account affect the current associated demat account?
2.) Also, I would like to transfer my holding to a single account for ease and comfort, will it be possible ?
3.) How, the two demat accounts will behave once I open new demat account with zerodha
1. When you are opening the zerodha demat account, you can also transfer all your holdings from ILFS to Zerodha demat same time while opening the account. You can send us the IL&FS closure letter along with the new account opening form, so we will open the new account and have all your holdings transferred. https://www.dropbox.com/s/1byhxrmiobu6o1n/ILFSclosureletter.pdf?raw=1
Hi can we see performance of the fund it\’s actual returns from inception and holdings of that fund.Crisil ratings and risk meter to add on.
Priyank, our focus was to have an easy execution platform. All the details you are asking for is available on many other platforms already, from ET to moneycontrol to everyone else.
Congratulations Nithin !! Another good initiative by Zerodha Team.
Could you please tell me when the kite app is coming in market?
The beta is available, you can send an email to [email protected] to get access.
kite app is available on laptop or for mobile only?..it would be great if it is for laptop too…
And one thing Nitin sir, \’\’SOMETIMES\’\’ in kite it redirects to some external sites.. for eg- when i click dashboard, order book…… it get connected with forex trading,,or another brokerage firm advertisements(may be your nearest competitor) .
then i have to close external sites n click again on order book..position etc…so my worry is how safe we are on kite….??
It works on laptop too.
Within kite there are no ads of any kinds. I am guessing it must be a virus on your computer. Can you have it checked.
thank you for reply….
Nithin when IPO Buying window is going to come in zerodha. I m waiting long for this
Thanks
Anil
Online IPO will take a little longer.
I cannot see option for purchasing franklin india MFs. WHen it will be supported ?
In the next 4 weeks.
Still I can\’t find franklin taxshield.
Franklin haven\’t yet enabled direct in demat.
sir i have zerodha trading account of ilfs depository participant , will mutual fund will be traded through that any time sooner , so that old clients of zerodha will also be benefitted .
Thank you.
We are working on making it happen, will take some time. But it will be best if you can open a Zerodha demat account, lesser AMC charges also.
Thank you for introducing MF into zerodha and congratulations on this milestone.
I have a couple of questions, sorry if these have already been answered.
1. I have my mutual fund holdings with icici direct. Is it possible to transfer these to zerodha and what charges are applicable for doing this?
2. I currently have my zerodha demat account linked to ILFS. Once I open a zerodha demat account, can I transfer my equity holdings from ILFS to zerodha? Again what charges are applicable for this?
Thanks,
Uday
1. Yes, you can transfer but will not be able to redeem it through Zerodha. Transfer charges are applied by ICICI not Zerodha. You\’ve to get in touch with ICICI to know how to transfer.
2. Yes, you can transfer. If you\’re initiating transfer cum closure, no charges will be applied by ILFS. You\’ve to fill the DIS slip provided by ILFS and submit it to them and mention your Zerodha demat account number in the DIS.
This helps, thank you for the info.
Can we pledge mutual funds from today or this service will be started at a later date? And will liquid funds be treated like liquidbees? i.e can we take overnight position as we can with liquidbees pledging?
Not yet, but very soon. We will share all details soon.
Hi Nithin,
Just wanted to check in and see when mutual funds will be available for pledging…. Also, I\’m confused with some of the responses in earlier posts – can you please clarify if Liquid Mutual Funds (when available for pledging) will be treated the same way as Liquid Bees when pledged? (as Cash with a haircut)?
Thanks,
Vivek.
Mutual funds for pledging won\’t probably happen in the near future. Too many operational issues with it. But yeah, you could buy liquid bees and pledge them, very similar to liquid mutual funds.
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
Hi Nithin,
Are there any plans for letting us users pledge Liquid (or other kinds of) Mutual funds as collateral for FNO trading in the future?
Just wondering if there was any change from your last response.
Thanks
Hi Vivek,
Not in the immediate future, but yes we do have plans of accepting Mutual funds as collaterals.
Hi Nitin,
I have following queries about MF.
1) What is the difference purchasing the MF and redeeming the MF?
2) What is the difference Regular plan and Direct plan?
3) What\’s total number MF\’s available at Zerodha?
4) Do i get chart for selected MF plan in Pi as like any other asset class for analysis?
5) I have IL&FS demat a/c with Zerodha, Can i access the MF platfrom?
6) As a Zerodha business partner,do u provide any other tool to manage MF investments of my leads?
7) As a Zerodha business partner , does it required to get MF NISM certification?
1. Purchasing is buying, redemption is like selling.
2. Regular is when you buy it form a distributor like us, Direct is if you buy it with the fund house directly.
3. Currently around 20 AMC\’s are empanelled, the rest will be soon.
4. Charts are available on the MF platform.
5. No, you will have to open a demat account first.
6. yes, we will soon.
7. No
Will there be any DP changes deducted post selling mutual funds.
Yes, similar to stocks.
Hi,
Can we pledge mutual funds now?
Sumit
Not yet, but in the next two to three weeks.
Great. When do we see SIP for Equity on Zerodha?
Soon.
Any updates on equity SIP or at least a basket order creation for delivery?
Would be really useful to have this.
Equity SIP in the next 3 to 4 weeks. Basket will take some more time.
Thanks for the update, Nithin. Look forward to it.
Still looking forward to equity SIP 🙂
The last two weeks was a time when I felt a great need for stocks SIP facility in Zerodha. Any ETA for this feature please ? In the absence of this facility in Zerodha, I am having to use my alternative demat account on another platform.
We\’re working on it, it\’ll take slightly longer. We\’ll keep you posted.
I have my demat account in ILFS. but I am not able to understand u r giving priority to ur Zerodha base client why not us (ifls)
We are also want to invest in mutual fund.
Can u tell me process if I am not having demat of Zerodha.
Deepak, we are trying to incorporate ILFS demats as well. But you can open Zerodha demat for free within 1 day. Login to Q.zerodha.com and go to profile. There is a pre-filled demat account, sign it, print it, and send it to us.
Hi Nithin,
When I opened Trading Account during last year my Demat was opened with ILFS. Why this was done at that time?
What are the AMC fees on Zerodha Demat AC?
Pl clarifiy
Our demat services started late last year. Until then all demats were opened through ILFS itself. AMC with Zerodha is Rs 300 vs Rs 400 with ILFS.
Login to Q.zerodha.com, go to profile, print the pre-filled demat form there, sign it and send it to us. While sending, also send the ILFS close out letter.
Do we have to fill any details in the pre-filled form, other than the details which have been printed, for opening the Demat account with Zerodha?
Moreover, there is a change in my residential address. The pre-filled form has an older address. Do I have to fill any other form to get the address changed? Or can I get the address changed online?
If the purchase has to be made through regular plan what will be NAV difference between regular vs direct plans in terms of %?
I guess it depends on every individual fund. You will have to check it on the AMC website for NAV of direct plans.
Hi
it looks great,,….
and would you pls add supertrend in pi as soon as possible OR atleast can you allow me to open kite n pi at a time(on request on same laptop/desktop) which is presently not possible..
thank you..
Logging into two platforms is not allowed for the same client. We will now start working on adding more indicators on Pi.
I have existing demat account at some other place.what I should do to open demat account at zerodha and colse the existing one? also what to do with shares in existing demat account?is this process completed or how much days it will take?
Thanks
Ganesh
Firstly you need to open a Zerodha demat account if you don\’t already have one. If you login to Q > Profile, you can see a pre-filled form. Print it, sign it, and send it to us. The account will be opened in 24 hours. Once our demat is opened, you can mention the zerodha demat account number on the DIS slip of the other broker and submit it to their office. All shares should be transferred within 24 hours.
Will there be any charges if i transfer shares from another Demat account say ICICIDirect to Zerodha?
Yes, ICICI will charge you a transaction fee for initiating the transfer. But if its a closure cum transfer, i.e if you\’re closing your ICICI account and moving shares to your Zerodha demat, there are no charges.
Hi,
Can you please share the process to initiate transfer and closure of demat a/c with ICICIdirect and moving it to Zerodha
Sri, we can\’t do this, you will have to approach icicidirect for this. Take their account closure letter, and mention your Zerodha DP ID on it. Check this link.
HI ,
I am an NRI and have resident demat account with ICICI Direct and it has shares and MF with regular growth plans.
And now I got NRE from other bank (not ICICI) and applying PIS account also.
1.Can i open NRE/NRO demat account with you with PIS form ?
2. Can I transfer shares from Resident ICICI Demat acct to Zerodha Demat Acct ?
3. Can I transfer MF(not direct plans ) from resident ICICI demat to Zerodha demat ?
4. How long it will take for NRI like me ?
5. where can i find MF AMC you support for direct plans ?
Thanks for your time .
1. Yes, you can open an account linking a PIS account. We do not support ICICI Bank, we could help you open an account with either Axis/Yes Bank
2. Yes, you can transfer shares from a resident account to only an NRO demat account.
3. Yes.
4. I didn\’t get your question fully? To open the account?
5. You can check them on our Coin. We aren\’t, however, offering MFs for NRIs, this could take us some time.
Could you please let me know whether the DIS slip for ILFS, is same as the account closure slip which has been shared on this forum?
No, the DIS Slip is like a check book with your Demat account number printed on it. You should have received it when your account got opened along with the Welcome Kit.
Hi ! I have not received any Welcome Kit.When does one get it?
Hi Zerodha Team,
I too have not received any welcome kit by zerodha.
Can you send account specific queries to [email protected]
sorry , it is not logging using Q-backoffice
Ah, can you send an email to [email protected] with your client ID mentioning this issue. We will check. Btw, you need to have a Zerodha demat (not ILFS) for using the MF platform.
Hi Nitin, You mentioned not ILFS demat. Presently all our Zerodha positions are maintained in ilfs demant with 400RS Anual charges? So what is Zerodha demat, and any charges for it?
You can now open a demat account with Zerodha which is when you get the facility of transacting in Mutual funds. Right now your account is with ILFS which is another depository.
To open your Zerodha demat account login to Q > Profile, you can see a pre-filled form. Print it, sign it, and send it to us. The demat account with Zerodha will be opened in 24 hours.
AMC is Rs.300
Should we add Rs.50/- with Rs.300/-, i.e.stamp duty,while sending the cheque with the filled in demat account opening form?
We\’ll collect the AMC at the end of the year. You needn\’t send any check
Thanks sir.
Why to keep both demat in that case …when someone open Zerodha demat …provide details to close ILFS demat account also…
Yes, we are asking people to send us ILFS closing letter at the same time as well. It is available here.
for me it is logging using Q- backoffice, is there any separate login details
What will be role and responsibilty of AP in this…
Introducing new clients, and also promoting investing in MF through us.
This is awesome, the easiest platform I have ever used.
Right now I am able to see only three AMCs funds, HDFC, AXIS and Reliance, How to buy franlkin/DBC/Birla etc…?
Currently 19 AMC\’s empanelled, the rest will be very soon.
Mr Nitin
Plz make your software as all in one. I don\’t want to login here and there. Single window should give link to all the things.
Mf should be part of similar window..sip in stocks is still awaiting
Thanks
Yep, very soon we will have MF within Kite, Q/Quant is already integrated within Kite.
How to get list of all available amcs.
If you see an AMC in the search, it means it is available. Others will be up soon.
Still I am unable to c mutual funds of Franklin???
Yeah, they haven\’t yet enabled direct in demat form.
Any platform for distributors?
Not yet, but very soon we will offer.
Hi,
Once I give a redemption request, when do the funds become available to me for F&O ?
It depends on the mutual fund you are purchasing and their settlement cycle. Most funds have a T+3 settlement period, so funds get settled on T+3 day after redeeming.
Can AP reffer MF ? Is there any referral fee for the same ?
yes, there is. We will share details with all our partners immediately.
Well done sir
1) What will be difference, if I open direct from fund house & from zerodha. Will it be there difference like can we get direct fund also along with growth & dividend.
2) I am holding only trading account with zerodha, whether I have to open new trading account for MF along with demat account.
3) money if I credited to f&o trading account will it be linked to mf trading account.
4) generally I prefer to use all accounts separately like equity, f&o & mf. Such that I will not have confusion in allocated funds. So, if I opt for zerodha mf. I expect not to trade in f&o based on mf exposure such that margin problem will not arise. Is it possible atleast I will have dashboard containing details like funds in mf account, trading account separately to track portfolio.
1. Whatever you can buy directly from fund house, you can also buy on our platform.
2. You can use the same trading account, you will need to open a demat account with us.
3. yes
4. Absolutely, you can login to Q.zerodha.com and see your F&O and mf positions and capital utilized separately.
If Zerodha coin app collect any commission for after reaching ₹25000 in SIP investment
Hi Saravanakumar, we offer direct mutual funds, we do not collect any commissions.
Great nitin. Waiting for more from zerodha
Congrats, very well done. Hats off to you guys….
Will there be option to buy in direct plan of mutual fund
Distributors are not allowed direct plan, you will have to buy it directly on the AMC website. This is the regular plan.
Hi Nithin, you should consider keeping mutual fund direct plans like Orowealth and charge a fix transaction fee , similar to what you are charging in stocks. In your current model , investors are paying probably 1% or more which is far more then what you are charging for stock trading…. it would be good to enroll if both stocks and MF are competitive at competitive transaction cost .
Hi
what type of mutual fund are offered in Zerodha
Regular Plan & Direct Plan?
Regular plan.
I would have been v v pleasantly surprised , had it been for direct as well. 🙂
Any plans to support Apple ( Mac and iOS) customers) ?
Have you used Kite? https://kite.zerodha.com/dashboard/ works very well on mac and has become extremely popular. IOS will take time, but you can also kite on your mobile browser.
Nitin… Regular plan means load entry fees is paid to zerodha?
Regular plans means the fund house shares a commission for selling the mutual fund with Zerodha.
How do we transfer our existing mutual funds or SIP\’s into zerodha\’s demat?
Are you holding the Mutual Fund units in de materialism form? If yes, you\’ve to initiate a transfer through DIS Slip. Else you\’ve to send us your MF statment along with a copy of the demat form: Form
SIP\’s can\’t be transferred. You can start a fresh one with Zerodha.
A mutual fund is owned by joint-holders, while demat a/c has only one holder\’s name. Can mutual fund units be dematerialized in this case?
They are not related Guarav. Mutual funds can be dematerialized or bought directly in demat form (like in Zerodha).
how to buy Mutual fund? our equity amount coin use for buying Mutual fund
Check this post.
Hi Nitin , I am 1st time investor and I opened account with zerodha this october 2017 and want to invest 1lakh in elss mutual fund . But when I checked my KYC status (being new) on CVL KRA site , it is showing ekyc and as per norms , I can\’t invest more than 50k per mutual fund per year . I raised the ticket with zerodha support teamfor the same and still did not get any reply . Can you please tell me that how to do that now .??
I had done IPV and all formatites . what needs to be done now ???
Dushyanth, will have our team check this and respond to you on the ticket.
Sir,
May I know the maximum duration of a mutual fund??
is it 25 years or more??
You can keep your MF and continue SIP for as many years as you want. NO limit.
I have my MFs in ICICIDirect demat. How to trasfer/shift those units in Zerodha demat?
Fill ICICI\’s DIS (Delivery Instruction Slip) and submit it to them. They\’ll initiate the transfer.
Hi….I am new to Zerodha….actually I am looking to start SIP of around 10K mainly for tax saving….can this also be done via Mutual Funds through Zerodha…asking this specifically because I need to submit document to account department about investment…Please guide me or update on the same…..
Yes, you can set up a SIP through the mf platform.
Hello, I am looking to start an SIP with zerodha. I am an NRI. Please advise what shall be done.
I am planning for around 10,000 INR per month.
MF investing for NRIs isn\’t possible just yet on Coin. We\’ll update you when we enable this. 🙂
Accountoppin krna he
Finally, it\’s here. Looks amazing and slick. Well done.
I want to begin Tata mutual fund through zero Sha. I have kyc complied federal bank nri current account.
Please explain how to begin Tata mutual fund SIP via zerodha.
Thanks