Exchange charges, STT, stamp duty etc on coin transactions

Zerodha Coin - Direct MF
1

Dear Team,

  1. As far as I understood, the mutual funds bought through Coin will be credited to demat account, is that correct?

  2. If 1 is yes, then at the time of purchase, would we also need to pay trading charges like Exchange charges, GST, SEBI charges, STT and Stamp duty?

  3. If 2 is also yes, then what is the STT for mutual funds. Can you give the rates of other charges like exchange charges and stamp duty?

  4. Are these costs different for equity and debt oriented funds?

Regards

2
  1. That’s correct. All mutual funds purchased on Coin will be held in a dematerialzed form in your Zerodha Demat account.
  1. There are no charges that you have to pay additionally which purchasing an MF. There is an expense ratio for every mutual fund which is shown on the Coin platform. This is already included as a part of the NAV and is not an additional charge.

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Also, since your MF units are held in Demat form, you have to pay a DP charge of Rs.5.5 everytime you sell MF units from your Demat. And if your MF investments on Coin exceed Rs.25k, then you are charged Rs.50/month as Coin subscription fees.

  1. No additional charges.
  1. Equity funds have an exit load which is shown as a % in the coin platform under the MF, debt funds don’t have an exit load. Also, the expense ratio will vary between equity and debt mutual funds.
1 Like
3

Noob here.

So no matter how many NAVs I sell I will only be charged a flat fee of Rs 5.5 by the depository and no additional charges?

Also, a follow up: If we want to rematerialize the MF units what are the charges for that?

4

You will be charged Rs.5.5+GST per MF debit from demat per day, irrespective of the number of units you sell. So if you sell 2 different mutual funds on the same day, then you will be charged Rs.5.5+GST twice.

Write to ‘[email protected]’ for the rematerialization charges and process.