Zerodha Coin - Mutual funds 4+
Zerodha Broking Limited
-
- Free
Screenshots
Description
Zerodha is trusted by over 1.3 crore customers who hold over ₹3.5 lakh crores worth of investments. Our mission is to help you do better with your money.
Zerodha Coin is India's largest zero-commission direct mutual funds platform that has helped Indians invest over Rs 70,000 crores.
Why Coin?
● Easy Systematic Investment Plans (SIPs) creation and automation.
● Direct mutual funds without 0 commissions.
● Invest in the National Pension Scheme (NPS).
● Invest in New Fund Offers (NFOs) of schemes.
● Free access to Zerodha’s ecosystem products like Sensibull, Tijori, Streak, Quicko, and more.
● Nudges to help you invest better.
● No gimmicks, spam, "gamification," or annoying push notifications.
Easy investing
● Create, modify, step up, and automate SIPs anytime you want to without any hassle.
● Purchase via all payment options, like UPI, NEFT, RTGS, and net banking.
● Place Systematic Withdrawal Plan (SWP) orders for timely withdrawal, setting up your retirement needs.
● Analyse your scheme-wise and portfolio XIRR for both.
● Comprehensive portfolio XIRR for your mutual funds.
● Check the detailed portfolio of a scheme.
● Automate SIPs using eNach.
● Easily invest in equity, debt, hybrid, solution-oriented, index, flexi cap funds, and more with a few clicks.
Detailed reporting and Console
● Visualise the growth of your investments with an account value curve.
● Track the combined portfolios of your family using the Family Portfolio view.
● Comprehensive tax-ready reports and statements.
● Detailed portfolio analytics.
Support
● Visit support.zerodha.com to learn everything you need to know about trading and investing at Zerodha.
● Visit zerodha.com/contact to get in touch with us.
What’s New
Version 2.6.2
- Seamless UPI transactions
- Bug fixes and enhancements
Ratings and Reviews
Mutual fund units are stored in demat form
This first thing everyone should understand about coin is mutual fund units are stored in demat form and you must need demat account first. You can efficiently use this platform if you are a trader otherwise if you want to just invest in mutual funds then this may not be suitable for you.
Pros
1. You can pledge money for trading with very good margin.
2. Adding more and more features. Recently added SWP.
Cons
1. You can not control anything from AMC due to units in demat form.
2. You can not pledge units to third party institutions like Mirae, Bajaj etc. for borrowing money.
3. NAV update is very slow. Other platforms are much faster in NAV updates but may be this is not important for every investors but as a reliable platform, NAV must be updated on time.
I would suggest here first understand the requirements and then select the most suitable platform for mutual fund investment.
Best app out there.. ignore negative reviews
Looking at all this negative reviews at first I was hesitant to use this for my mutual fund investment. Note, I was looking for something with long term perspective & app which can settle transactions faster.
I have also used Paytm money, though it is a good app, I wanted something more simpler and faster as Paytm money takes weeks to allocate funds to folio. So, coming back to coin. They settle the transaction same day, and this is quite helpful when you try to time the market. The UI is super simple & transactions through UPI and other method is super smooth.
With recent update XIRR is also available on fund level. I failed understand why this app has such a low rating.. this is best app to invest in Mutual Fund if you want something reliable for long term, go with this blindly.
Needs improvement in few areas
For weekly SIP there is no select day option. Which can be easily provided. Also app has some bugs for this SIP dates , it keeps on changing depending on some unknown factors.
Developer Response ,
Hi, we are continuously working on adding more features to our app to make your experience better. Thanks for your feedback. Regarding the issue you are facing, please create a ticket at support.zerodha.com with details of the issue, so that our team can check and have this resolved at the earliest.
App Privacy
The developer, Zerodha Broking Limited, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.
Data Linked to You
The following data may be collected and linked to your identity:
- Financial Info
- Contact Info
- Identifiers
Data Not Linked to You
The following data may be collected but it is not linked to your identity:
- Usage Data
- Diagnostics
Privacy practices may vary based on, for example, the features you use or your age. Learn More
Information
- Provider
- Zerodha Broking Limited
- Size
- 48.6 MB
- Category
- Finance
- Compatibility
-
- iPhone
- Requires iOS 12.0 or later.
- iPad
- Requires iPadOS 12.0 or later.
- iPod touch
- Requires iOS 12.0 or later.
- Apple Vision
- Requires visionOS 1.0 or later.
- Languages
-
English
- Age Rating
- 4+
- Copyright
- © 2024 Zerodha
- Price
- Free