Hi, Guys,
Just want to share my experience with Zerodha COIN, i invested >25K in MFs in Zerodha using COIN after few months i redeemd thinking i will close COIN subscrption, my bad i purchased some of the ELSS funds worth 10K, now i cannot close susbcription until 3 years as policy says if you cross>25K investment cummlative irrespective of year or month until you hold MFs eventhough ELSS or tax savings you have to pay money for subscrption , even if you dont want to continue with subsciption, Now i am stucked and they are saying i have to pay forcibly money for subscrption for next 3 years as i have ELSS funds in my account, Even though i use that COIN or not i will be paying so beware read all subscription policy terms and conditions throghly or else you ll be stucked like me.
Any Guys has idea about ELSS funds in any circumstances can we close that ?
Regards,
Vikram