How to open a Zerodha Coin mutual fund account
Zerodha Coin is the mutual fund investing platform integrated with the Zerodha trading account. Coin lists only direct-plan mutual funds (no regular plans with distributor commission) and holds the units in demat form at CDSL , enabling pledge for margin trading and consolidated reporting with equity holdings.
Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with Zerodha. No affiliate commission is earned from account opening or transactions.
Step-by-step procedure
See the procedure infobox above.
What Coin offers
- Direct plans only: ~0.5 to 1.0 percentage points lower TER than regular plans.
- Demat-held units: Same depository (CDSL) as equity; pledge-able for margin.
- Zero brokerage / Zero commission: Zerodha doesn’t charge for MF transactions.
- Single login: Same credentials as Kite for equity, F&O, currency, commodity.
Coin vs Kite for MF
Both apps support MF orders, but Coin is purpose-built for MF browsing, comparison, and SIP management. Kite supports MF orders within the broader trading interface but with fewer MF-specific tools (no XIRR chart, no scheme filters).
Multi-AMC coverage
Coin covers virtually all SEBI-registered AMCs, including:
- HDFC Mutual Fund , SBI Mutual Fund , ICICI Prudential Mutual Fund .
- Nippon India Mutual Fund , Axis Mutual Fund , Aditya Birla SL Mutual Fund .
- PPFAS Mutual Fund , Quant Mutual Fund , Mirae Asset Mutual Fund .
Comparison with alternative platforms
| Platform | Plan type | Held in | Cost |
|---|---|---|---|
| Zerodha Coin | Direct | Demat (CDSL) | Free |
| Groww | Direct | SoA (folio) | Free |
| Kuvera | Direct | SoA | Free |
| ET Money | Direct | SoA | Free |
| AMC direct | Direct | SoA | Free |
| Regular distributors | Regular | SoA / demat | Commission-bearing |
Coin’s demat-held distinction matters for pledging and consolidated reporting.
See also
- Zerodha Coin
- Zerodha
- How to open a Zerodha account
- How to start an SIP on Coin
- How to re-KYC for mutual funds
- How to do video KYC for mutual funds
- How to open MFU eCAN
- How to open Groww MF account
- How to open Kuvera account
- How to open ET Money account
- How to open INDmoney MF account
- How to open Paytm Money MF account
- How to open MF Central account
- How to open KFin KART account
- How to open BSE Star MF account
- Direct plan vs Regular plan
- Demat account overview
- CDSL
- Mutual funds in India
- SIP
- NAV (Net Asset Value)
- UPI auto-pay (mutual fund)
- NACH (National Automated Clearing House)
- AMFI
- SEBI (Mutual Funds) Regulations 1996
External references
References
- SEBI (Mutual Funds) Regulations, 1996.
- SEBI Master Circular for Mutual Funds (consolidated 2024).
- AMFI Best Practice Guidelines on direct plans.
- Zerodha Coin product documentation.