Why invest in direct mutual funds on Coin?

[Bhuvan]

@vijay407

If the MF is held in the form of DEMAT, does that mean, it is similar to smallcase, wherein we have shares of individual stocks that are part of that MF?If yes, does that mean, when you exit this fund, we incur demat charges?

Yes, your mutual fund units are held in demat form. When you redeem your mutual fund units you incur a DP charge of Rs 5.5.

smallcases similar to a mutual fund is a basket of stocks, but unlike mutual funds, there are no AMCs, fund managers and other ensuring charges are minimal in smallcase.