Which is better for mutual fund investing? Coin or ICICI Direct?

General
1

I’m considering investing in mutual funds and have an account at both, Zerodha and ICICI Direct. Who do I go to for my MF investments?

2

I think Coin is definitely the far better choice.

  1. Coin offers direct funds, so you don’t pay distributor commissions (these charges can mount up to lakhs of rupees over the years!) as opposed to ICICI, who offer only regular plans.

  2. ICICI direct charges per transaction as well as the distributor commissions. These are their charges.

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Comparing this against the Rs. 50 per month on Coin (only for investments above 25k), the charges are ridiculous. A 5k SIP per month over 25 years (using the example form the Coin page :slightly_smiling_face: ), you’d end up paying 9000 rupees just for the transactions and about 28 lakhs in commissions.

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