Comments
Zerodha on Tuesday launched a trading platform for mutual funds. Investing through Zerodha would be brokerage-free, the discounting brokerage firm has said.
The transactions would be executed through the BSE Star MF platform.
Investors can choose from various options, such as lump sum payment, one-time investment or systematic investment plan. Investors can hold mutual funds in their demat accounts along with shares, thus getting portfolio details in a single window.
One of the special features of the platform is the conditional order, based on NAV price. “Investors can preset buy or sell order of mutual fund units based on a particular NAV price. Once the price is triggered, the order would be executed,” said Nithin Kamath, Founder & CEO, Zerodha.
“Also, we will update the holding and investment details of an investor to his or her nominee/legal heir periodically,” said Kamath, and added that will help the holder’s family member. Investors can also pledge MF units as margin for trading in the futures and options segment.
On the Zerodha MF platform, investors can start as many SIPs as they want without having to sign any mandate forms. “As long as they have funds in the Zerodha trading account, the SIP order would be executed as selected by the investor,” said the firm.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.