I would like to know if there is a way to contribute irregular funds into a Direct Mutual Fund through Coin say twice or thrice in a year so that I create a Corpus which will help me generate consistent returns monthly which will help me pay out wages to labourers?
I have explored SIP and this does not suit my requirement, kindly let me know if there is a way to achieve what I am looking for?
Yes, you can add funds to the same mutual fund(which will have the same folio number in your Coin account). You can invest multiple lump sum amounts in the same mutual fund at different intervals of time. You can also start multiple SIPs in the same mutual fund. You can also mix and match lump sum and SIP investments as per your needs.