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Mutual Fund on Zerodha

 

Mutual Fund on Zerodha

A mutual fund is a type of investment vehicle that pools money from multiple investors to purchase securities, such as stocks, bonds, and other assets. Zerodha is a Famous online stock broker platform in India. They offer a wide range of investment options, including mutual funds. You can invest in mutual funds through Zerodha by opening an account with them and then purchasing the desired mutual fund through their platform. You can also track your mutual fund investments and manage your portfolio through their website or mobile app. Keep in mind that Zerodha may charge a fee for transactions and there may be additional charges from the mutual fund company as well. It's always a good idea to research and compare different mutual funds and platforms before making any investments.

Guide on how to Invest in mutual funds through Zerodha:

1. Open an account with Zerodha: You will need to open an account with Zerodha to be able to invest in mutual funds through their platform. You can do this by visiting their website and filling out the online registration form. You will need to provide some personal and financial information, and you may also need to upload some documents for verification.
2. Fund your account: Once your account is approved and activated, you will need to fund it with money before you can make any investments. You can transfer money from your bank account to your Zerodha account.
3. Navigate to the Mutual Funds section: Once you have money in your account, you can navigate to the mutual fund section of Zerodha's platform. Here, you will be able to browse through the available mutual funds and select the one you wish to invest in.
4. Select the mutual fund and fill the form: Select the mutual fund you wish to invest in and fill the form, you will be asked for your PAN, Bank account details, and other personal details.
5. Make the investment: Once you have selected the mutual fund, you can make the investment. You can make a one-time investment or set up a systematic investment plan (SIP) to invest a fixed amount of money at regular intervals.
6. Track your investments: After making the investment, you can track the performance of your mutual funds and manage your portfolio through Zerodha's website or mobile app.

Zerodha Mutual Fund Charges

Zerodha charges a fee for transactions made through its platform, including mutual fund investments. The fee varies depending on the type of mutual fund and the investment amount. Zerodha offers direct mutual funds, which have no extra charges other than the expense ratio of the fund. The expense ratio is a fee that the mutual fund company charges to cover its expenses. It's typically expressed as a percentage of the fund's assets and it is subtracted from the fund's returns.

Additionally, Zerodha also offers regular mutual funds which have charges like any other regular mutual fund, which includes entry load and exit load. Entry load is a fee charged when you purchase units of a mutual fund, and exit load is a fee charged when you sell units of a mutual fund. It offers direct mutual fund Zerodha and gives additional earnings of 1% to 1.5% commission every year from AMC. The fee for Direct mutual funds is 0 (zero) and for regular mutual funds, Zerodha charges Rs20 per transaction.

Also Read- How to open account with Zerodha


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