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by balladeer
3253 days ago
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You are forgetting that Zerodha needs you have a demat account and then you pay for it. Because you can't do MF with Zerodha w/o a demat account (can do so with many other brokers). Also, for this monthly charge Zerodha doesn't provide any analytics or advisory while many other direct fund providers, at a similar monthly cost, do (and couple of them won't even ask you to have a demat a/c and pay for it). |
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But there are no transaction charges in zerodha on buying equity (delivery) or MF. So it is still cheaper than piggy for someone wishing to make a large number of transactions or someone who doesn't want an SIP but wishes to invest manually every month.
Also, if you need a demat account for some other purpose - like investing in ETFs or equities then maybe it makes more sense for some people.
If all you are doing is an SIP with a couple of mutual funds, which is what most people around me do, piggy is probably cheaper. You can always have a zerodha (or equivalent) account for equity/ETFs/etc. and piggy for MFs.
But for someone like me with slightly different requirements, zerodha would be cheaper. I have a variable income so SIPs are not an option for me. I invest money as a percentage of my income so the amounts vary every month. In this case zerodha turns out to be cheaper despite the demat charges.