Charges on Coin Platform

Zerodha
1

Hi,

I invested 30000 in a scheme using Coin platform, but when I get confirmation email from Mutual Fund only 29998.5 Rs was invested.

Please explain this 1.5 Rs charge Everytime I buy through Coin is being levied by which party?

Thanks

2

Hi @Abhinav_Gupta

This is due to the appilicability of Stamp Duty, which is applicable to mutual fund purchases at a rate of 0.005%. The stamp duty is incorporated into the units allocated to the investor and is not charged separately.

You can check on this support article link for a detailed understanding.

1 Like
3

Thanks.