Do I need to add funds to Coin towards SIP every month? Or is there any automatic deduction option from my Bank?
There is no auto-debit from bank option for your SIP. You need to have sufficient balance in your Zerodha account.
If you want to have that SIP amount transfered to your Zerodha account automatically, you can put standing instructions for an NEFT transfer from your primary bank account, or manually add funds before the SIP date.
Refer to this support topic, https://support.zerodha.com/category/mutual-funds/starting-an-sip/articles/how-to-automate-my-mutual-fund-sip-installments-on-coin
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