Zerodha is the first broker to launch a free direct mutual fund investment platform, "Zerodha Coin". It is the best platform to invest in direct mutual funds for free at zero commission or brokerage. The platform also facilitates investment in Govt securities (T-bills), corporate bonds, ETFs, and sovereign gold bonds (SGB).
Coin Zerodha platform is available in the web and mobile app versions. You can access coin.zerodha.com web through any compatible browser or download the coin mobile app on Android and iOS.
Walkthrough with the complete Zerodha Coin review including coin mutual fund brokerage charges, coin app features, login process, Coin for NRI, and pros & cons.
Zerodha Coin Charges
Nil, yes, Zerodha coin is a free platform to facilitate users to invest in direct mutual funds at zero brokerage. Coin is not just a free direct MF investment platform but also facilitates zero-cost redemption w.e.f. May 3, 2019.
Although earlier, the brokerage firm was charging Rs. 50 every month but later in August 2018, the broker made the Coin Zerodha platform completely free.
Zerodha Coin Features
There are multiple reasons to invest in mutual funds with the Zerodha coin. Here are the details;
- Buy direct mutual funds of 40+ top AMCs like HDFC, Axis, DSP, etc.
- Zero brokerage or commission-free investment in direct mutual funds.
- Invest in Govt Bonds, T-bills, and State Development Loans (SDLs).
- Invest in high-quality corporate bonds and get a higher return than FDs.
- Invest in Sovereign Gold Bond (SGB) to get fixed interest @2.5% p.a. + market return.
- Hassle-free instant online mutual fund investment process using UPI.
- Start, modify, stop/pause, or cancel your SIP investment anytime online.
- Flexibility to invest through either SIP or lumpsum route.
- Multiple categories of schemes across equity, debt, and hybrid asset classes.
- Search filters to discover or navigate your preferred mutual fund scheme easily.
- Easy online portfolio tracking and monitoring services.
- Comprehensive fund information including NAV, fund manager, portfolio, returns, risks, etc.
- Keep stocks and mutual fund units in the Zerodha Demat account.
- Free mutual fund redemption at zero DP charges on Coin.
- Coin mobile app facilitates direct MF investment at your fingertips.
How Zerodha Coin Works?
Coin by Zerodha is the best platform for investment in direct mutual funds for free and in a hassle-free manner. The platform has thousands of equity, debt, hybrid, and ELSS tax-saving schemes of over 40 mutual fund houses. You can select any scheme of your choice and start SIP or invest lumpsum.
how to buy SIP in direct MF on coin
- Firstly, log in to the Coin Web or App.
- Search the scheme you want to invest in.
- The fund page shows comprehensive fund details i.e. launch, NAV, fund manager, returns, portfolio, etc.
- To start SIP investment, click on the “Direct SIP” option.

- Enter details like Initial investment, SIP amount, SIP frequency, and no. of total installments.

- Once done, tap on the “Start SIP” and then the “Confirm & invest” option.
- Make a payment of the first SIP installment and your SIP investment is successfully done.
Zerodha Coin Login
Zerodha has the single Kite login credentials to access all of the platforms i.e. Coin, Console, Streak, etc. You can use Kite's user ID and password to log in to the Coin. Steps to login to the Coin app:
- Download the coin app on your phone.
- Click on the login option.
- Enter Zerodha Kite user ID and password, and then enter 6 digit security PIN.
- You will be successfully logged in to the Coin App.
Zerodha Coin Mutual Fund Redemption
You can withdraw funds from mutual funds by placing fund redemption request anytime online. Coin for Zerodha allows zero brokerage redemption facility at 0 charges.
Zerodha coin mutual fund redemption process;
- Login to the Zerodha Coin platform.
- Go to the Coin dashboard and tap on the scheme, in which, you want to withdraw the amount.
- Click on the “Redeem” option and the fund redemption request window will be displayed.
- Enter the no. of units or in case of full redemption, click on the checkbox in front of redeem all units and press on the “redeem” option.
- The mutual fund amount will be withdrawn and credited to your account within the settlement period.
Zerodha Mutual Fund Redemption Charges: Nil, Free redemption. In May 2019, Zerodha completely removed the Rs. 5.5 DP charges on mutual funds redemption.
Zerodha Coin Cut-off Time
The cut-off timing in mutual fund decides the applicable NAV to your mutual fund purchase and sells transactions. Check below the coin Zerodha cut-off time for different schemes;
| Scheme type | MF Purchase/Buy Transaction | MF Redemption |
| Liquid and Overnight Fund | 12:00 PM | 1:30 PM |
| Other schemes (Equity, Debt, and Hybrid) | 1:30 PM | 1:30 PM |
For liquid and overnight schemes, any mutual fund investment order placed before the cut-off time will be executed at T-1 dayโs NAV. For other schemes, buy or sell transactions placed before the cut-off timing will be executed at T dayโs NAV. While orders are placed after the cut-off time, the next dayโs NAV will be applicable.
Zerodha Coin for NRI
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No, NRIs having a PIS account (Portfolio Investment Scheme) cannot invest in mutual funds on Coin. However, they are allowed to buy direct funds through a non-PIS NRI account. US and Canada-based investors cannot buy mutual funds through Coin by Zerodha platform.
Zerodha Coin Mobile App
Zerodha provides Coin platform in web as well as a mobile app versions. Coin app provides flexibility to users to buy direct mutual funds anytime anywhere with just a few clicks. Coin Zerodha app is available on the Google Play Store (Android) and the App Store (iOS).
Zerodha Coin Pros and Cons
| Pros/Advantages | Cons/Disadvantages |
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Zerodha Coin Customer Care
| Zerodha Coin Customer Care helpline number | 91-8047181888 |
| Zerodha Coin Customer Support | Raise a ticket |
Zerodha Coin Review: Final Remark
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Coin Zerodha came as a game-changer in the mutual fund industry with no subscription charges or free unlimited investment in direct mutual funds. Unlike regular plans where investors have to pay hefty commission charges, there’re no such requirements on the coin which ultimately provides investors great returns. Further, a plethora of schemes available, easy portfolio tracking, hassle-free investment on fingertips on the coin app, free redemptions, etc. evident Zerodha Coin as the best platform for Mutual Fund Investment.

