A discount brokerage firm Zerodha has launched 'Coin', a direct mutual fund (MF) platform. Schemes bought through this platform will be in demat form, giving you the convenience of one portfolio across equity, MF, bonds, etc.
There will be no commissions - either upfront or trail. When you purchase through a distributor, it has an upfront commission of upto 1.5% on your investment and a trail commission of upto 1.5% every year for as long as you are invested in the fund, says Zerodha.
