Which is better Zerodha coin or kite?

Asked by: Miss Ivah Dickinson I  |  Last update: February 9, 2022
Score: 4.6/5 (47 votes)

In kite you can invest or trade in equity, futurues, options, currency etc. But not MF. Zerodha Coin is a platform that lets you buy mutual funds online, with no commission passback, directly from asset management companies. Your mutual funds, stocks, currencies, bonds, and more, all in your Demat in one place.

Is Zerodha and Zerodha Coin different?

Zerodha Kite and Zerodha Coin are two different trading platforms offered by the discount brokerage firm. ... Zerodha Coin or coin by Zerodha is a direct mutual fund investment platform at zero commission. Zerodha clients can access the coin platform either via login through Kite or coin mobile app.

Is coin by Zerodha good?

Yes buying MFs from zerodha coin is absolutely safe. For this you should have demat account with zerodha because when you buy MFs through zerodha coin they will be seen in your demat account and this will benefit you greatly because through this you can track your performace of your MFs at one place.

What if Zerodha shuts down?

You will not lose it because shares are kept in and electronic form maintained by either NSDL AND CDSL i.e. depository organisations in india. So even if zerodha goes bankrupt your shares are safe.

Is Kite better than Groww?

While Zerodha and Groww, both are online discount brokers, Zerodha is better than Groww on the following counts: Zerodha is the pioneer of the discount broking business in India. Zerodha offers brokerage-free Equity Delivery trading. Zerodha allows to trade in Currency as well as Commodities along with Equity and F&O.

Zerodha Coin Vs Groww | Comparison

16 related questions found

Is Zerodha and Coin same?

You can activate Coin by switching your demat account from IL&FS to Zerodha. If you have a Zerodha trading account but not a demat account, you will need to open a Zerodha demat account to activate Coin.

Is coin by Zerodha free?

Coin is now absolutely free! You can read more here . Effective May 3, 2019, DP charges of Rs 5.5+GST for redemption will no longer be charged.

How does Zerodha Coin make money?

The only direct source of earning for Zerodha from Coin is the interest on the surplus funds lying for a few days in your trading account. Indirectly, this free add-on attracts millions of customers who eventually trade/invest in the stock market and pay brokerage to Zerodha.

How do I withdraw money from coins Zerodha?

To redeem a fund, log in to Coin & under the portfolio header you can see all the funds you've invested in. Select the fund you want to redeem & click on the Redeem Button. Specify the number of units & click on the redeem button to place your request.

Can I buy Dogecoin in Zerodha?

No, you cannot trade in Bitcoin or other cryptocurrencies using your Zerodha account. ... Since Zerodha is a SEBI (capital markets regulator in India) registered entity, we can only offer products that have been explicitly approved by SEBI.

Does Zerodha charge monthly?

Does Zerodha have annual charges? Yes, Zerodha charge Rs 300 per year Demat Account AMC (Annual maintenance charges) fees. This fee is charged quarterly (i.e. Rs 75 every quarter). Except this Zerodha doesn't have any annual charges or minimum balance requirements.

Is Zerodha coin safe for long term investment?

Yes buying MFs from zerodha coin is absolutely safe. For this you should have demat account with zerodha because when you buy MFs through zerodha coin they will be seen in your demat account and this will benefit you greatly because through this you can track your performace of your MFs at one place.

Why is Coin called Zerodha?

Zerodha Coin is an order collection platform that lets you buy mutual funds online, with no commission pass back, directly from asset management companies. Your mutual funds, stocks, currencies, bonds, and more, all in your DEMAT account accessible in one place.

Is Coin safe for mutual fund?

Zerodha Coin is very safe for mutual fund investments as the mutual fund holdings in Zerodha are held in the Demat account held with CDSL. Zerodha is a facilitator for providing Demat services and has no ownership of the securities held in the Demat account.

Can I start SIP through Zerodha?

SIP (Systematic Investment Plan) orders allow you to schedule your investments. The SIP feature can only be used for delivery trades in the cash market. To set up an SIP, you will need to go to Orders > SIP > Create new SIP. You can either link an existing basket of orders or create a new basket.

How does Zerodha coin work?

The initial investment amount varies for each fund.

Enter the initial investment you'd like to make. Select the frequency of your SIP, i.e either weekly, 15 Days, Monthly, Quarterly and the instalment amount for the SIP. Then click on 'Start SIP' and confirm the order.

Can I have 2 demat accounts?

Investors can open multiple demat accounts, so long as the accounts are opened with different Depository Participants. You cannot open more than one demat account with the same DP.

What if Groww shuts down?

What if the Groww app shuts down? In case any mutual fund brokers such as Groww shuts down, your account will still be active with the corresponding mutual fund house. This way, you can directly reach out the mutual fund house and enquire about the current status of your account and investments with them.

Why is Groww not good?

Groww does not provide tips, recommendations, or advisory services. Groww publishes a lot of content and information about capital markets that can help investors make an informed decision. Groww follows a flat fee model. It charges a lower of Rs 20 or 0.05% of trade value as a brokerage charge for Equity trades.

How do I pay my Zerodha annual fee?

You can pay your AMC (annual maintenance charge) online by following the simple steps below:
  1. Click on this link: https://www.ilfsdp.com/eko-pay.asp.
  2. 2 . Choose the DP ID (IN300095) and enter your IL&FS Client ID (BOID).
  3. 3 . Outstanding DP charges -- As per bill.
  4. 4 .

Does Zerodha charge for withdrawal?

No, Zerodha doesn't charge any fee for withdrawing money from your trading account. You can withdraw any amount of money within the withdrawable balance for free of cost. The funds are transferred to your bank account at the end of the day.