How to invest in PPFAS schemes on Zerodha Coin

From WebNotes, a public knowledge base. Last updated 17 May 2026. Reading time ~7 min. Level: Beginner.

Key facts

Platform	Zerodha Coin (web and mobile), accessible via the Zerodha Kite account
Plan support	Direct plan only; Zerodha Coin does not support regular plans
Unit-holding mode	Demat mode at CDSL (mapped to the investor's Zerodha demat account)
Cost	Free for direct-plan mutual fund transactions since June 2020

This guide covers investing in PPFAS Mutual Fund schemes through Zerodha Coin, Zerodha’s direct-plan mutual fund platform. Coin is structurally distinct from AMC-direct portals like SelfInvest and from the joint-RTA platforms MF Central and MFU in one principal respect: units are held in demat mode at CDSL, mapped to the investor’s Zerodha demat account, rather than in the conventional Statement of Account (SoA) folio mode at the RTA. The user experience and operational reality differ accordingly. Coin’s positioning is for investors who already operate a Zerodha trading account and want unified equity, ETF, and mutual fund holdings in a single platform.

Prerequisites

An active Zerodha Kite trading and demat account. If not yet open, follow how to open a Zerodha account online.
A valid Permanent Account Number (PAN), linked with Aadhaar.
KYC compliance status of KYC Registered or KYC Validated.
A bank account in the investor’s name, registered with Zerodha as the primary trading bank account.
A UPI handle on a UPI Autopay-supporting app (Google Pay, PhonePe, Paytm, BHIM) or net banking access for the registered bank account.
An understanding of the demat-mode unit-holding model: PPFAS units bought on Coin are credited to the investor’s CDSL demat account, not to a CAMS-maintained SoA folio. Existing PPFAS SoA folios bought through SelfInvest, MF Central, or distributors are separate from Coin demat units and are not directly visible on Coin (although they can be imported in some cases; see how to import mutual funds to Coin).
An understanding that Coin is direct plan only; regular plans are not available on Coin, consistent with Zerodha’s discount-broker direct-plan-only positioning.

Step-by-step procedure

Step 1: Ensure an active Zerodha Kite account with the Coin module

Coin is bundled with every Zerodha Kite account at no additional charge since June 2020, when Zerodha withdrew the Coin annual subscription fee. The same Kite credentials log into Coin; there is no separate Coin registration.

For first-time Zerodha account opening, follow how to open a Zerodha account online to complete the standard Aadhaar e-KYC, PAN verification, and IPV flow.

Step 2: Log in to Coin

Open coin.zerodha.com in a browser, or tap the MF or Coin tab in the Kite mobile app. Log in with the Kite user ID and password. OTP-verify if prompted.

The dashboard displays:

Current holdings (mutual funds held in the demat account).
Watchlist (schemes saved for later review).
Order book (recent orders and SIP schedule).
Search bar for finding new schemes.

Step 3: Search for the PPFAS scheme

In the search bar, type Parag Parikh Flexi Cap Fund or any other PPFAS scheme name. Coin shows the direct-plan variant only:

Parag Parikh Flexi Cap Fund Direct Plan Growth
Parag Parikh Liquid Fund Direct Plan Growth and IDCW sub-options
Parag Parikh ELSS Tax Saver Fund Direct Plan Growth
Parag Parikh Conservative Hybrid Fund Direct Plan Growth
Parag Parikh Arbitrage Fund Direct Plan Growth
Parag Parikh Dynamic Asset Allocation Fund Direct Plan Growth
Parag Parikh Large Cap Fund Direct Plan Growth

Tap the scheme to enter the scheme detail page. The page shows the latest NAV, the AUM, the expense ratio, the benchmark, the fund manager, and historical-return snapshots.

Step 4: Choose Buy then Lump-sum or SIP

Tap Buy on the scheme detail page. Two transaction modes appear:

Lump-sum: One-time purchase. Enter the amount (minimum Rs 1,000 for PPFCF; refer to PPFAS minimum investments per scheme for scheme-specific minimums).
SIP: Recurring subscription. Enter the per-installment amount, SIP date, frequency (monthly or quarterly), and tenure (perpetual or fixed end-date).

The user experience parallels Coin’s broader how to buy first mutual fund on Coin flow and the how to start an SIP on Coin flow; the only PPFAS-specific element is the scheme selection itself.

Step 5: Authorise the payment via UPI or net banking

Coin’s payment flow:

Lump-sum via UPI: Coin generates a UPI collect request to the investor’s registered UPI handle. Approve the request in the UPI app. Funds are debited and the order is placed in real time.
Lump-sum via net banking: Coin redirects to the bank’s net-banking portal for authentication and payment authorisation.
SIP UPI Autopay: Coin generates a UPI Autopay mandate request. Approve in the UPI app. The mandate is activated typically within a few hours, and the first SIP debit follows the SIP-date schedule subject to mandate activation.
SIP NACH e-mandate: Coin generates a NACH mandate request, which the investor authorises via Aadhaar OTP or net banking.

For UPI Autopay setup, the how to set up UPI Autopay SIP on Coin guide covers the broader flow; the PPFAS scheme follows the identical mandate-registration mechanics.

Step 6: Receive demat-mode unit allotment

On T+1 (or T+0 in some cases for early-cut-off equity orders, per SEBI’s 2021 funds-realisation regime), units are allotted at the applicable NAV and credited to the investor’s CDSL demat account. The allotment confirmation is visible:

In Coin holdings: the new units appear under the PPFAS scheme line.
In Kite holdings: the mutual fund units appear alongside equity and ETF holdings, providing a unified portfolio view.
In CDSL CAS: the next monthly Consolidated Account Statement issued by CDSL includes the PPFAS holding.

Step 7: Track holdings in the Coin dashboard

The Coin dashboard shows:

Current holdings with cost basis and current value.
Day’s profit-or-loss.
Total profit-or-loss since acquisition.
NAV trends and benchmark comparison.

The PPFAS holdings on Coin can be tracked independently or alongside any non-PPFAS mutual fund holdings the investor has acquired through Coin.

Step 8: Redeem when ready

Redemption from Coin places a sell order:

Tap the scheme in holdings and choose Redeem.
Enter the amount or units.
Confirm. The order is placed at the cut-off NAV.
Proceeds are credited to the registered Zerodha bank account on T+1 for equity schemes (per AMFI’s January 2023 T+1 redemption standard), T+1 or T+2 for debt schemes, and same-day or next-day for liquid schemes (with Instant Access Facility available on the PPFAS Liquid Fund up to the SEBI-prescribed daily limit).

The how to redeem mutual fund on Coin guide covers the broader redemption flow.

What can go wrong

PPFAS SoA folios already held are not visible on Coin: Coin shows only demat-mode holdings. Existing PPFAS folios held through SelfInvest, MF Central, MFU, or distributors are SoA folios at CAMS and not directly visible on Coin. Use how to import mutual funds to Coin to attempt a folio import; depending on CAMS-CDSL operational compatibility, some folios can be converted to demat mode for Coin visibility.
Regular plan not available on Coin: Coin’s Zerodha-discount-broker positioning excludes regular plans. Investors who specifically want a regular plan (with an associated distributor service) must use MFU or a distributor channel instead.
Coin’s direct-plan free-since-June-2020 framework: Zerodha withdrew the Coin annual subscription fee in June 2020. The transactional cost on Coin since then is zero for direct plans. AMC-level expense ratios (TER) still apply and are deducted by the AMC from NAV.
Demat-mode versus SoA folio tax implication: For Indian tax purposes, units held in demat mode are functionally equivalent to units held in SoA mode; capital-gains computation, holding period, and Section 80C eligibility for ELSS are identical. The mode of holding does not affect tax treatment.
PPFAS-specific features unavailable on Coin: Coin does not implement PPFAS-specific functionality like the PPFAS CashFlex Liquid Fund Instant Access Facility. For PPFAS-specific operational features, use SelfInvest or CashFlex.
Switch between schemes not directly supported on Coin in all cases: Cross-AMC switches are not supported anywhere (SEBI restriction). Intra-PPFAS switch (e.g., PPFCF to Liquid Fund) is supported on Coin via the switch workflow; refer to how to switch mutual fund on Coin for the flow.
PPFCF AUM concentration on Coin: PPFCF is among the most popular direct-plan funds on Coin. There is no operational difference for the investor, but order processing during peak inflow days may experience occasional T+1 settlement variation.
PAN-Aadhaar not linked: As with all SEBI-regulated transactions, an unlinked PAN is treated as inoperative. Coin blocks transactions on inoperative PANs.

When to choose Coin over SelfInvest, MF Central, or MFU

The choice between Coin and other channels depends on the investor’s broader portfolio:

Investor profile	Recommended channel
Already operates a Zerodha Kite account, wants unified equity-MF-ETF view	Coin
PPFAS-only mutual fund holdings	SelfInvest
Multi-AMC investor without an existing broker preference	MF Central or MFU
Investor needs PPFAS Liquid Fund Instant Access	SelfInvest or CashFlex (Coin does not implement IAF)
Investor wants demat-mode units for CDSL CAS consolidation	Coin
Investor wants the operationally simplest direct-plan SIP with PPFCF	SelfInvest or Coin (both are operationally simple)

Coin’s strongest case is investors who already use Zerodha for equity trading and want a single platform for all market-linked holdings. For PPFAS-only investors, SelfInvest is usually operationally cleaner.

How to open a PPFAS SelfInvest direct-plan account is the AMC-direct alternative
How to invest in PPFCF lump sum via SelfInvest portal covers the AMC-direct lump-sum flow
How to invest in PPFAS schemes via MF Central covers the joint CAMS-KFin alternative
How to invest in PPFAS schemes via MF Utility covers MFU
How to buy first mutual fund on Coin covers the broader Coin first-time-purchase flow
How to start an SIP on Coin covers the broader Coin SIP flow
How to import mutual funds to Coin covers SoA-to-demat folio conversion
The reference article on Zerodha Coin covers the platform’s full functionality
The reference article on the PPFAS SelfInvest portal covers the AMC-direct portal

External references

References

Zerodha Coin platform at coin.zerodha.com (accessed May 2026).
PPFAS Mutual Fund, SelfInvest portal at selfinvest.ppfas.com.
Zerodha announcement on Coin direct-plan free-tier from June 2020, via Zerodha Z-Connect blog.
SEBI Circular on uniform applicability of NAV, SEBI/HO/IMD/DF2/CIR/P/2020/175, dated 17 September 2020 (effective 1 February 2021).
SEBI Master Circular for Mutual Funds, 22 May 2024.
SEBI (Mutual Funds) Regulations, 1996.
AMFI T+1 redemption framework circular, effective January 2023.
CDSL Consolidated Account Statement framework documentation.
PPFAS investor desk FAQ at amc.ppfas.com/faqs/.
Finance Act 2023 (PAN-Aadhaar linkage mandate).

Reviewed and published by

WebNotes Editorial Team

The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

Last reviewed: 17 May 2026
Conflicts of interest: WebNotes is independent. No relationship with any broker, registrar or bank named in this article.