You cannot use funds from your Zerodha trading account for mutual fund investments. Funds for mutual fund purchases have to be transferred from the primary or secondary bank accounts linked with Zerodha to Indian Clearing Corporation Ltd (ICCL), which is a subsidiary of BSE.
Payment options
You can complete payments using these methods:
- UPI: For orders up to ₹1,99,999
- Netbanking: For orders up to or above ₹2 lakh
- NEFT and RTGS: Only for lumpsum orders (orders of ₹1 crore and above require NEFT or RTGS)
Cut off timings
The cut-off timings vary depending on the bank the funds are being transferred from. List of supported banks for direct and non-direct settlement
(DOC).
Liquid schemes
| Payment mode | Order type | Cut-off time | Applicable NAV |
| UPI | Lumpsum and SIP | 12:30 PM | T -1 day |
| Netbanking (direct settlement banks) | Lumpsum and SIP | 12:30 PM | T -1 day |
| Netbanking (non-direct settlement banks) | Lumpsum and SIP | 12 AM to 11:59 PM | T day |
| NEFT and RTGS | Only for lumpsum | 12:30 PM | The NAV may vary from T-1 day to T+5 day, depending on the day the funds are credited to ICCL’s bank account. |
Other schemes like Equity, Debt, Hybrid, etc.
| Payment mode | Order type | Cut-off time | Applicable NAV |
| UPI | Lumpsum and SIP | 2:00 PM | T day |
| Netbanking (direct settlement banks) | Lumpsum and SIP | 2:00 PM | T day |
| Netbanking (non-direct settlement banks) | Lumpsum and SIP | 12 AM to 11:59 PM | T+1 day |
| NEFT and RTGS | Only for lumpsum | 2:00 PM | The NAV may vary from T day to T+5 day, depending on the day the funds are credited to ICCL’s bank account. |
You can complete SIP payments on Coin through Pending payments section.
Things to keep in mind
- You must set up your SIP at least 2 days before your preferred execution date for it to start in the current month. For example, if you want your SIP to execute on the 5th of each month, set it up by the 2nd of the current month.
- You can switch from UPI or netbanking to NEFT on the pending payment page, but you cannot reverse this change. Once you switch to NEFT, you must transfer funds to ICCL's bank account and cannot switch back to UPI or netbanking for that order.
- Your mutual fund redemptions will be credited only to your primary bank account, even though you can add funds from both primary and secondary linked accounts.
- The applicable NAV depends on when your funds are credited to ICCL's bank account. If the payment aggregator reports your funds after the cut-off time, you will receive the next day's NAV.