Investing in Direct Mutual Funds: Zerodha Coin vs Kuvera

Ok, so i had been thinking about it since a long time... whether to migrate to Kuvera from Coin for my direct mutual funds investments.

The reasons:
(1) Coin/Zerodha charges ₹300 Annual fee + ₹50 per month, whereas Kuvera is completely free
(2) Kuvera makes investment recommendations suitable to investor's risk appetite and investment objectives. This is completely missing in Coin.

Both reasons were compelling, but I wasn't sure of the hassle it would require to move existing mutual fund investments to Kuvera platform.

Then today, I see this on my Coin dashboard:


I then read more about it here: https://zerodha.com/z-connect/featured/coin-is-now-completely-free
And it made me happy to save ₹600 per year for direct mutual fund investments. (Well, the August 2018 fee is already deducted, so the savings start from September 2018)

Now, reason (2) still holds true, I hope Coin addresses that too. ๐Ÿ˜›

Of course Zerodha has an added advantage of a linked trading/demat account as well. However, if one only wants to invest in mutual funds, and is starting afresh, I would advise to go with Kuvera.



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