Zerodha Coin offers a variety of features:
Step-Up Systematic Investment Plan (SIP) Feature: Allows automatic increments of SIP amounts by a predetermined percentage, facilitating optimized investment growth over time.
Flexible SIP Management: Users can easily start, pause, or stop SIPs and adjust the SIP amounts as needed.
NAV Order Tracking: Enables order placements based on the net asset value (NAV) of mutual funds, similar to stock trading.
Electronic Demat Format: Mutual funds are held in electronic demat format, offering a consolidated portfolio view. This format also simplifies management and enables easier pledging or loan collateralization.
Comprehensive Statements: Coin provides detailed consolidated statements featuring profit and loss insights, which aid in tax deduction claims under Section 80C of the Income Tax Act.
Ease of Claiming: The demat format facilitates easier claim processing for dependents in case of the investor’s demise.
Detailed Insights: Investors can explore the sectors and companies in which their fund house invests, aiding in informed decision-making and fund comparison.
