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Zerodha Mutual Funds Review - Charges and SIP

Zerodha Track Record Of Best Online Stock Broker In India

  • Life

    4.2

    Company Rating

  • Life

    75+

    Cities Covered

  • Life

    5 Lacs+

    Orders Per Day

  • Life

    20 Cr Lacs

    Daily Turnover

  • Life

    3+ Million

    Our Client Base

  • Life

    4.5

    Mobile App Rating

  • Life

    4.2

    Company Rating

  • Life

    75+

    Cities Covered

  • Life

    5 Lacs+

    Orders Per Day

  • Life

    20 Cr Lacs

    Daily Turnover

  • Life

    3+ Million

    Our Client Base

  • Life

    4.5

    Mobile App Rating

 
 
 

Zerodha Account Opening Enquiry

 
 
 
 

Zerodha Mutual Fund Review

Zerodha with more than 2 million clients is the largest stock broker in India. From many of its services, Zerodha mutual fund stands apart that brings convenience for investors to multiply their investments. It makes it simple for the customers to trade in stocks, currencies and derivatives and the mutual funds from a Zerodha Free Demat Account.
It offers direct mutual funds through the Zerodha Coin platform. The customers can use the coin website or Mobile application to invest in Mutual funds. Investing in Zerodha mutual fund is free.
The purpose of launching the Coin platform was to allow the customers to invest in direct mutual funds. By investing in direct mutual fund schemes, the investors can save significantly on the commission paid as against buying regular mutual funds.
It also allows Customized SIP plans. The Zerodha coin is completely free as there are no account opening, subscription or brokerage fees. This offers mutual funds from 40+ asset management companies.

Charges for Zerodha Mutual Fund
The Zerodha offers brokerage free mutual fund investment. They don’t charge commissions from customers or AMCs. It offers direct mutual funds and gives additional earning of 1% to 1.5% commission every year from AMC. In case of a direct mutual fund, this amount is passed on to customers resulting in a higher return.
There are no separate Zerodha coin charges for SIP. Zerodha offers mutual funds for free in all respects.

Opening a Zerodha Mutual Fund Account
As soon as the customer opens a Zerodha trading account, the access to the mutual fund investment platform coin is automatically activated. Once after the account opening the customer can download the Coin Zerodha mobile app from the google play and Apple App store or access the Coin website. The same credentials as of the Zerodha Kite are used to login, you can invest in any direct mutual fund offered by the AMCs.

Zerodha Coin (Mutual Fund Investment Platform)
This application helps the investor in a range of funds as per his financial goals and risk appetite. The important features of Zerodha Coin Mutual Fund platform include:
• The customer can modify, invest and pause SIPs anytime with ease and without any hassle.
• It has easy navigations through schemes and fund categories.
• It helps you in tracking your holding sector-wise or on the weights of underlying securities.
• The customers can invest in ELSS (Equity Linked Savings Schemes) funds to save taxes under section 80 C.
• The customers can do instant payments through UPI for mutual funds.
• It provides eMandate for SIPs for automated fund transfer.
• It helps the customer in holding the funds in Zerodha Demat account.
• It provides its new customers with the short video tutorials explaining mutual funds investments by their respective fund manager.

What is Zerodha Coin SIP?
Zerodha Coin SIP simply refers to Systematic Investment Plan (SIP). It is a disciplined and scientific way to invest in Zerodha mutual fund schemes at regular intervals. Through e-Mandate the investors can get a pre-decided amount automatically deducted from their account on each interval i.e. monthly, quarterly, etc.

What are the steps to invest in SIP Zerodha?
The steps to start a SIP on Zerodha coin mutual fund are:
1. Login to Zerodha Coin (website or mobile app)
2. On the coin dashboard, use the search bar and enter the name of AMC or any mutual fund.
3. Next you will see the direct mutual fund, click on the ‘Direct SIP’ option.
4. Choose the Initial Investment Amount.
5. Then, choose the frequency of the Zerodha MF SIP as weekly, 15 days, monthly and quarterly.
6. Move on by choosing the instalment amount to deduct on the interval for SIPs.
7. If the customer wishes to have a particular number of instalments or a particular instalment amount to deduct, choose it.
8. Click on ‘Start SIP’ and finally confirm the order.
NOTE:
• In order to initiate automatic payments for coin SIP instalments, register for the eMandate feature on Zerodha Console. The customer needs to add a debit card or net banking details for automatic fund transfer.
• All Zerodha SIP orders are sent to the exchange at 1:30 pm on trading days. The orders placed after the 1:30 pm cut off time will be sent for execution on the next trading day.
• The Zerodha mutual funds unit will be credited in your demat account T+1 day i.e. 1 trading day. The orders which are placed on Monday before the cut off time (1: 30 PM). The units will be allotted to you by Tuesday at the end of the day.

Steps to STOP the Zerodha Coin SIP
If the customer is willing to stop Zerodha SIP on Coin out of any reason then they can do it online. Steps to stop the Zerodha Coin SIP are:
• Login to Coin and visit the dashboard.
• Click on the “SIP and Conditional” tab to open all the SIPs you have placed.
• In the next step, click on the “Delete” icon for the particular SIP.
• A pop-up menu will appear, then click on the “Delete SIP” option and your Zerodha Coin SIP will be deleted.

Mutual Fund tie up with Zerodha Coin
Zerodha has partnered with 40 Asset Management Companies to offer mutual fund services. Each AMC has different schemes under various sections such as Liquid Fund, Equity Fund, Short/long term Income fund, Nifty Index fund, Overnight fund, ELSS, etc. These schemes are designed for the customers on their financial needs, time horizon and risk parameters.
There are 40 Zerodha mutual fund companies which are mentioned below:
• Axis Mutual Funds
• BNP Paribas Mutual Funds.
• DSP Mutual Fund
• Franklin Templeton Mutual Fund.
• Canara Robeco Mutual Fund.
• HDFC Mutual Fund
• HSBC Mutual Fund
• Bharti Investment Mutual Funds.
• SBI Mutual Funds
• Bank of Baroda Mutual Funds.
• Aditya Birla Mutual Funds.
• Edelweiss Mutual Funds.
• Essel Mutual Fund
• ICICI Prudential Mutual Fund
• IDBI Mutual Fund
• IDFC Mutual Fund
• IIFL Mutual Fund
• Indiabulls Mutual Fund
• Invesco Mutual Fund
• JM Financial Mutual Fund
• UTI Mutual Fund
• L&T Mutual Fund
• Kotak Mutual Fund
• Mahindra Mutual Fund
• LIC Nomura Mutual Fund
• Motilal Oswal Mutual Fund
• Mirae Asset Mutual Fund
• PGIM India Mutual Fund
• Nippon India Mutual Fund
• Principal Mutual Fund
• PPFAS Mutual Fund
• Quantum Mutual Fund
• Quant Mutual Fund
• Sundaram Mutual Fund
• Shriram Mutual Fund
• Taurus Mutual Fund
• TATA Mutual Fund
• UTI Mutual Fund
• Yes Mutual Fund

Frequently Asked Questions


Zerodha do not offer home pickup service of account opening forms. The customer is required to courier the forms at Zerodha Bangalore office. The forms can also be filled online.
Yes. Zerodha’s free Kite trading platform provides advance technical charts. The advance charts are provided by Zerodha are among the best in the Industry.
No, at present the investing in stocks is listed in foreign stock exchanges is not possible through Zerodha. If you are still wishing to invest in Apple, Google, Facebook, etc. then mutual funds are the easiest way.
Zerodha is completely an execution platform only. It does not provide any form of advisory or tips. We believe that traders and investors should make educated and informed trades based on the research and analysis.
Zerodha is an online discount brokerage model where only online trading services are offered to the customers or traders. It uses the latest and advance technology to serve its customers and has less branches and offices. The technology helps its customers to scale and reduce the operational cost which in-term helps them to maintain huge profits despite offering low-cost trading.
Zerodha charges an amount of ₹20 per executed order or .03% whichever is lower for equity, currency and commodity futures trading.
No, Zerodha does not provide the margin funding facility.
Yes, some of the services provided by Zerodha are free. It offers Mutual fund investment and brokerage free equity delivery trading. The brokerage fee for Intra-day and F&O trading is ₹20 per executed order or 0.03% (whichever is lower).
Yes, the BTST i.e. buy today- sell tomorrow facility is available in Zerodha. It allows the traders to sell shares before they deposit into your demat account on T+2 days.
Zerodha does not provide interest on the money that is held in the trading account. It does not accept any personal Fd’s as margin for trading.
Zerodha offers the service to place AMO orders. These AMO orders are placed after the market hours for the next trading day in advance. AMO (After Market Orders) allows the customers to place online buy/sell order before the stock exchanges are open for trading. The order timing for AMO order changes by the trading segment.
No, Zerodha doesn't offer any trading account on minor's name even if you are below 18 years, you can not open a trading account.
No. A customer can open only one trading account or demat account with Zerodha. You cannot open two trading accounts with same PAN number with Zerodha. Note: You can open other trading or demat account with the same name and PAN number with other brokers. But this can't be done with one broker because of SEBI regulations.
LTT in Zerodha stands for Last Traded Time. The last traded time shows when a particular share or contract was last bought or sold. It helps the traders to know the demand for a particular share on that particular day.
No, it is not compulsory to maintain a minimum balance in the Zerodha Trading account.
If the customer wants to change the bank account that is linked with their Zerodha account. The customer needs to submit the 'Account Modification Form' with a bank proof document. The steps to change the Zerodha bank account are: 1. Visit the Zerodha website 2. Move to the 'Download & Resources' section. 3. Download the 'Account Modification Form' 4. Fill the form, sign it and get a print out. 5. Attach the bank proof documents like bank statements, cancelled cheque etc., along with the form and send it to the Zerodha Bengaluru office.
Yes. Zerodha offers trading in forex but as per NSE we can trade only in USDINR, EURINR, GBPINR and JPYINR in India with any stock broker. You can trade in currency derivatives at BSE and NSE exchanges using the Zerodha trading account. The customer needs to enable the currency trading segment before starting the trading in currency.
CNC stands for Cash and Carry. It is simply a product code and if you use them to buy and sell shares on the same day, they will still be considered as Intraday trade. NRML (Normal) is used for overnight trading for futures and options.
In Zerodha the customer has to open a demat account along with the trading account. It does not allow linking of its trading account with a demat account from some other depository participant (DP). Note: • You can have multiple demat accounts if you want on your name with different brokers. • You can continue holding your Sharekhan demat account if you wish to do so. • You could transfer all your holdings in the Sharekhan demat account to Zerodha demat account at the time of closing the Sharekhan demat account. It is a simple process.
The Margin for Zerodha is reduced across all the segments including Intraday at BSE, NSE and MCX on 2 January, 2019. It is in line with the new margin policy introduced by SEBI. As per the policy, the brokers cannot offer ab additional margin to customers. The margins are now prescribed by the exchanges and are the same across the brokers.
Once you apply in Zerodha for opening an account, it takes 24-48 hours to get activated. Any kind of discrepancies in the submitted forms or documents can delay the account opening process.
An individual need to have 3 accounts i.e. Trading, demat and a bank account. Zerodha offers trading and demat account services to its customers. Trading account is required to place buy & sell orders and the demat account is required to hold all the bought securities in electronic form. The trading and demat account of the customer are linked to their bank account.
Zerodha is safe as any other stock broker in India. It is a genuine and the trusted stock broker and comes among the lowest risk broker in India. It is a debt free company and they only offer broking services. In the last 9 years, there is no single major violation has been reposted. Thus, it is the safest stock broker of India.
Zerodha offers truly brokerage free equity delivery trading and mutual fund investment. It charges flat Rs. 20 or 0.03% (whichever is low) per executed order for intraday trades.
Yes, Zerodha favorable for long term investors. Zerodha offers the Equity delivery brokerage at free. It automatically brings down the trading costs thereby helping a lot of money in the long term. It also offers commission-free direct mutual funds that results in additional earning of 1% yearly.
The SMS facility in Zerodha is optional and is charged at Rs. 1 per SMS.
You can place an MIS buy order in one exchange and the MIS short order in the other exchange. However, by the end of the trading day, both of these trades are required to be squared off individually on each exchange.
NFO stands for New Fund Offer. An NFO is the first time when a fund is offered for subscription by an AMC. The customer cannot invest in NFO through Zerodha Coin currently. However, you can buy NFO from the AMC directly.
All the orders will get squared off before the end of the day. IOC stands for 'Immediate or cancel'. It means that the order is executed as soon as it is released and in case the order fails to execute, then it is immediately canceled.
The Z Pin is the 4-digit telephone code. This is the customer’s personal identification number. This number is required to place orders through the call, trade desk and to raise support requests. Whenever the customer will call Zerodha customer support or call & trade desk, he/she have to authenticate themselves using the Z Pin code.
Yes, Zerodha offers trading in foreign exchange (currency). The customers can trade in currency derivatives at BSE and NSE exchanges simply by using the Zerodha trading account. The customer is required to enable the Currency trading segment before he/she start to trade in the Forex.
Discount brokers are the brokers that offers only online broking services to its customers and at a very low-cost. Zerodha discount broker uses the latest computer technology to offer online trading services to millions of customers. The brokerage charge for discount brokers are usually less than the traditional full-service brokers. Zerodha is an online discount broker.
The Zerodha is a depository participant of CDSL depository. This means it works as a service agent for demat account which is held by CDSL, one of the two central depositories.

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