DEMAT charges for SIP in COIN

Zerodha Coin - Direct MF
1

Coin charges 50 Rs per month for the paltform. This is fine & clear to me. but what is the charges for DEMAT holding / buy/ sell of MF through my DEMAT? is it completely free and only annual subscription of DEMAT applies? can anybody clarify this point?

2

Hi @Samik_Pal,

The Demat account opened at Zerodha attracts an annual maintenance charge, i.e. at ₹300 per year and is charged at the end of the financial year. ( You can use this account to hold your shares as well)
Apart from this, the DP charges of ₹5.50 will be levied on redemption of mutual funds.

No demat charges while buying.
Cheers

3

This 5.50 Rs Demat charge is for any value of transaction or is there any limit. Just confirm please

4

The DP charges will RS 5.5 + 18% GST, per redemption order, irrespective of the quantity.

For Ex:

Scenario 1 - If you had invested in 1 scheme - you redeem all the units, you will be charged 5.5 + 18% GST

Scenario 2 - If you had invested in 1 scheme - and you redeem part of the units today & another part next week, you will be charged ₹ 5.5 + 18% GST on both dates of redemption

Scenario 3 - If you had invested in 2 schemes - and you redeem both the funds on the same day - you will be charged ₹ 11 + 18% GST

5

Hi,

Please clarify, what does 18% mean - is it 18% of NAV or the entire order?

Thanks

6

The GST of 18% is on the DP charge of Rs 5.5. It’s 5.5+18%.

1 Like
7

Thanks!