Quoting from this answer, these are the benefits.
Why direct mutual funds on Coin?
Currently the way to buy direct mutual funds is to visit the AMC/fund house website or office and directly invest. Different portfolios for different AMC’s, getting a common account number (CAN), cumbersome setting up SIP process, generally quite inconvenient. Hence coin.
Coin offers investing in direct mutual funds (we earn 0 commission from your investment) with convenience of being in demat. So single portfolio across stocks, MF ( over 26 AMC’s and 2000 funds), ETF’s, Bonds etc.
- Easy SIP, start stop whenever you want without any NACH requirement. Increase or decrease SIP values at will.
- NAV tracking orders. Similar to stocks, place orders to purchase or redeem funds based on NAV.
MF in demat form and hence fungible. Extremely easy to pledge and take a loan against in case of emergency. - Single capital gain statement, P&L, visualizations, and more.
- MF or stocks in demat is much easier to claim by dependents (nominee of demat) in case of death. Direct plans with multiple AMC’s would mean multiple folios, difficult to aggregate and claim.