Zerodha, one of India’s leading discount brokers, offers a direct way to invest in mutual funds via its platform, Coin. Investing in a Systematic Investment Plan (SIP) through Zerodha Coin can be a smart choice for those looking to benefit from low-cost investing with excellent control over their portfolio. Here is a step-by-step guide on how to invest in sip through zerodha.
Zerodha Website : https://zerodha.com/
Zerodha Coin Website : https://coin.zerodha.com/
Steps to Buy SIP Through Zerodha Coin Web:
- Visit https://coin.zerodha.com and log in using your Kite credentials.
- Search for the mutual fund you wish to invest in.
- Select the ‘Direct SIP’ option.
- Enter the initial investment amount, SIP date, frequency, and total number of installments. Generally, the sip date is 10, 15, or 25 of the month.
- Click ‘Start SIP’ and confirm to begin your SIP investment.
Open a Zerodha Account
To invest in SIPs through Zerodha, First of all, you need to have a Zerodha trading account. If you don’t already have one:
- Visit the Zerodha Website: Go to the Zerodha website and click on Open an Account.
- Complete the KYC Process: Fill out the necessary forms and upload your KYC documents (Aadhar, PAN, bank details, etc.).
- Verification: Once your documents are verified, you will receive your account details.
Log In to Zerodha Coin
After your Zerodha account is set up:
- Access Zerodha Coin: Visit the Zerodha Coin website or open the Coin app if you have it installed.
- Login: Use your Zerodha credentials to log in.
Complete Your KYC for Mutual Funds
If you haven’t already completed KYC for mutual funds:
- Upload Documents: Provide the necessary documents (Aadhar, PAN, bank details, etc.) to complete the KYC process for mutual funds. This can usually be done directly on the Coin platform.
- Verification: Wait for the verification to be completed.
Explore Mutual Funds
Once your KYC is done:
- Browse Best Mutual Funds: Use the search and filter options on Zerodha Coin to find mutual funds that suit your investment goals.
- Check Details: Review the fund details, including past performance, expense ratio, and investment objectives.
Top performing Mutual Funds in Last 5 Years
| Fund Name | 3 Years Return | 5 Years Return |
|---|---|---|
| Nippon India Small Cap Fund (G) | 31.5% | 38.5% |
| Tata Small Cap Fund (G) | 28.3% | 34.4% |
| Motilal Oswal Midcap Fund (G) | 36.8% | 34.2% |
| Bank of India Manufacturing & Infrastructure Fund (G) | 29.3% | 33.1% |
| SBI Contra Fund (G) | 28.5% | 32.9% |
Set Up Your SIP
To start a SIP:
- Select a Fund: Choose the mutual fund you want to invest in.
- Choose SIP Option: Click on the SIP option for that fund.
- Enter Details: Specify the SIP amount, frequency (monthly/quarterly), and tenure.
- Payment Method: Set up your bank mandate for automatic deductions.
Also Read : Future Goal SIP Calculator
https://thebullbook.in/calculate-monthly-sip-for-future-goals/
Track Your Investments
Once your SIP is active:
- Monitor Performance: Use the Zerodha Coin dashboard to track the performance of your SIP investments.
- Adjust SIP: You can increase, decrease, or pause your SIP as needed through the Zerodha Coin platform.
Enjoy Benefits
Investing in SIP through Zerodha provides:
- Cost Efficiency: Minimal charges for investing compared to traditional brokers.
- Convenience: Manage your mutual fund investments alongside your stock trading activities.
- Transparency: Access to detailed reports and updates about your investments.
FAQ :
Does Zerodha charge for SIP mutual funds?
There are no separate Zerodha coin charges for SIP
Is Zerodha coin approved by RBI?
Yes Zerodha coin got a licence from the Reserve Bank of India and it is completely safe for Sip Investment
Is my money safe in Zerodha?
Zerodha is as safe and genuine as any other stock broker in India. It is regulated by SEBI and it is a debt-free company.
