How to place an order to buy direct mutual funds on Coin?
The cut-off time for mutual fund orders has been restored to 1:30 PM.
Once you log in to Coin, either on the homepage or the dashboard , you’ll see a search bar, where you can type in the name of an AMC or a fund. On this search bar, you’ll be able to look up only Direct mutual funds.
On the mutual funds page, you can see the performance of the fund. Along with that, you get an option to compare the performance & costs with other mutual funds.
You will also see the Direct savings calculator where you’ll be able to calculate the money you’ll be saving by purchasing a direct fund instead of a regular fund.
Along with the graph showing the funds performance of the fund, important details of the terms & conditions are shown as well.
And towards the end, a link to the mutual fund scheme documents with the exact terms and conditions as set out by them is provided for viewing.
To buy a mutual fund - click on Buy direct option - this is for lump sum/one-time investment. You will need to ensure you have sufficient balance in your trading account for the order to get executed.
Please ensure to maintain sufficient funds in your Zerodha trading account before 11 AM for the SIP orders on the SIP due date. The SIP orders can also be deleted before 11 AM (AMC SIP orders cannot be deleted). Refer to this article to know more.