You can enjoy multiple benefits when you invest using Coin, from commission-free investing to advanced portfolio management features.
Key advantages
- Commission-free direct fund investing: You pay no commission when you invest in direct mutual funds through Coin. Direct plans do not charge commission expenses, while regular plans pay commissions to brokers or distributors. These commissions get added to the expense ratio of the scheme, making regular plans more expensive than direct plans by as much as 1% of your Assets Under Management (AUM) annually. Brokers and distributors take these commissions directly from the Asset Management Company (AMC) or fund house, which reduces your returns by the commission percentage.
- Step-up SIP feature: You can automatically increase your Systematic Investment Plan (SIP) amounts by a predefined percentage using the step-up SIP feature. This helps your investments grow with your income over time.
- Flexible SIP management: You can start, pause, or stop your SIPs as needed. You can also increase or decrease SIP values whenever you want, giving you complete control over your investment schedule.
- Systematic Transfer Plan (STP): You can automatically transfer fixed amounts from one mutual fund scheme to up to 5 different target schemes across AMCs at regular intervals. This helps you rebalance your portfolio systematically.
- Systematic Withdrawal Plan (SWP): You can regularly withdraw fixed amounts from your mutual fund investments at predetermined intervals while keeping your remaining corpus invested. This provides steady cash flow while maintaining your investment growth.
- Comprehensive fund access and NAV tracking: You can access over 2,200 funds from 41 Asset Management Companies (AMCs) and track Net Asset Value (NAV) orders. You can place orders to purchase or redeem funds based on NAV, similar to how you trade stocks.
- Unified demat portfolio: You can view all your mutual funds in electronic demat format, which provides a single portfolio view of all your stocks and mutual funds in one place. You can easily pledge these investments and take loans against them during emergencies.
- Consolidated tax reporting: You receive a single consolidated statement that includes profit and loss, visualisations, and more. You can use this statement as a convenient reference for claiming tax deductions for Equity Linked Savings Scheme (ELSS) investments under Section 80C of the Income Tax Act, 1961.
- Simplified legacy planning: Your dependents (nominees) can easily claim mutual funds and stocks in demat format in case of your death. Direct plans with multiple AMCs would otherwise create multiple folios, making it difficult for your dependents to aggregate and claim investments.
- Investment analysis tools: You can view the sectors and companies where fund houses invest their money, and compare different mutual funds to make informed investment decisions.