Cryptocurrency Q&A
Is there an AMC for Coin?
Is there an AMC for Coin?
KimonoGlitter
Thu Oct 10 2024
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6 answers
1791
I'm wondering if there's an AMC specifically for Coin. I'm interested in finding out if there's a dedicated platform or service that caters to the needs of Coin users, similar to an AMC in other contexts.
6 answers
Davide
Sat Oct 12 2024
AMC charges, which stand for Annual Maintenance Charges, are fees levied by investment platforms for managing and maintaining customer accounts. However, it's important to note that these charges do not apply universally to all investment products.
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KpopStarletShineBrightness
Sat Oct 12 2024
Specifically, when it comes to Coin mutual fund investments, AMC charges are not applicable. This means that investors in these funds do not have to bear the additional burden of AMC fees.
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RubyGlider
Fri Oct 11 2024
On the other hand, for investments made through platforms like Kite, AMC charges may be applicable, but only for investments exceeding a certain threshold. In this case, the threshold is set at ₹50,000.
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Carolina
Fri Oct 11 2024
Therefore, if an investor's Kite investments are below ₹50,000, they will not be subject to AMC charges. However, for investments exceeding this amount, AMC charges will be applicable.
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CryptoTitan
Fri Oct 11 2024
Given this information, it can be concluded that in the case of Coin mutual fund investments, there should be no AMC charges. This is a significant advantage for investors looking to diversify their portfolios with cryptocurrency-based mutual funds.
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