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Zerodha Coin App Review 2021
Zerodha Track Record Of Best Online Stock Broker In India
Zerodha Coin App Review 2021
Zerodha is the first broker to offer investment in Direct Mutual funds to its customers through the platform “Zerodha Coin” which is a browser-based website and smartphone-based application available for download in Google Play Store and App Store respectively for android and IOS users
Zerodha coin mutual fund investment platform offers investors direct mutual funds from several reputed Asset Management companies. You will have all the popular AMCs like Axis Mutual Fund, BNP Paribas, DSP and much more. The investors can invest in a range of different types of mutual funds like:
• Equity/Debt/Liquid or Hybrid Funds
• Large/Mid/Small Cap Funds
• ELSS (Equity Linked Savings Schemes)
In order to use the Zerodha Coin platform, a demat account with Zerodha is necessary. It is because all the mutual fund units will be credited in the Zerodha demat account. On Zerodha Coin platform, you can trade in stocks, currencies, derivatives, and mutual funds from one account and also hold it on a single demat account.
Important Features of Zerodha Coin
• This simply allows the investors to buy and sell mutual funds directly through AMC without even paying any commission.
• Since all the mutual funds are held in Zerodha demat account, therefore investors have one portfolio across equity, Mutual fund, currency, etc.
• This makes it easy for the customers to start, stop or modify your SIP investment anytime.
• This gives the customers a single capital gain statement for different investment entities.
• It gives completely online services.
Steps to download Zerodha Coin App
The steps to download Zerodha Coin Mobile app are:
• Visit the Google Play Store or App Store on your mobile phone.
• Type “Coin by Zerodha” in the search bar.
• Click on the first option available.
• Click on the install button to download the application on your smartphone.
Once the customer is done with the installation process, he/she can login with a trading ID and password.
Investing in Zerodha Mutual Funds
The investment in mutual funds with Zerodha is simple, easy and fast. The steps to buy mutual funds from Zerodha Coin are:
1. Login to the Zerodha Coin platform. On the home page, go to the search bar and look for the fund or fund house you are looking for.
2. Once you reach the fund page, Click on ‘Direct SIP’
3. In the order window, enter your investment details. Enter the initial investment, frequency, instalment and the total number of instalments. Click on the ‘Start SIP’ and press ‘Confirm’.
Zerodha Coin Charges
Zerodha direct mutual fund investment services is free to all customers. It charges zero amount for account opening, AMC (Account Maintenance Charge), Brokerage, commission and DP.
Advantages and Disadvantages for Zerodha Coin
1. This is absolutely free i.e.no commission is charged on the customer’s investment.
2. This simply provides the facility to buy Mutual funds directly from 40+ Asset Management Companies.
3. This provides you the facility for both lump sum and SIP investments.
4. The customer will receive a good control over their SIP plan. The customer can easily increase or lower their SIP investment amount as per their need.
5. The customer can invest online at their convenience.
6. One trading account used to invest in multiple securities.
7. All the customers investments like stocks, bonds and mutual funds are held in one demat account.
Zerodha coin has the least disadvantages like:
1. The customer will need to compulsorily open a Zerodha demat account with to be able to invest in Zerodha mutual funds.
2. Zerodha does not offer mutual fund recommendations or research which make it difficult for the beginners to choose the appropriate fund.
Frequently Asked Questions
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.
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.
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.
Yes. Zerodha offers trading in forex (currency). 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.
Yes, Zerodha provides the advance technical charts on its free Kite trading platform. The Technical charts that are offered in Kite are the best in the industry.
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.
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.
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.
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.
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.
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.
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.
The SMS facility in Zerodha is optional and is charged at Rs. 1 per SMS.
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. Zerodha’s free Kite trading platform provides advance technical charts. The advance charts are provided by Zerodha are among the best in the Industry.
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.
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 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.
Zerodha charges an amount of ₹20 per executed order or .03% whichever is lower for equity, currency and commodity futures trading.
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.
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 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.
No, Zerodha does not provide the margin funding facility.
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.
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 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.
No, it is not compulsory to maintain a minimum balance in the Zerodha Trading account.
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.
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.
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.
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.
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.