Zerodha will keep direct mutual fund plans for free, says Nithin Kamath

Zerodha co-founder Nithin Kamath said the discount broker will continue to offer direct mutual fund plans for free on its Coin platform, reaffirming the company's flat-fee pricing philosophy from 2010. Coin, which Kamath called the largest direct mutual funds platform in India, holds around Rs 1.6 lakh crore in direct mutual fund AUM. Kamath noted that several fintech platforms which launched direct mutual fund offerings in recent years have either shut down or pivoted because such plans are difficult to monetise without distributor commissions.