what metrics would you use to evaluate zerodha's coin mutual fund investment feature?

Introduction

Evaluating Zerodha's Coin mutual fund investment feature requires a comprehensive approach to product success metrics. To address this challenge effectively, I'll follow a structured framework that covers core metrics, supporting indicators, and risk factors while considering all key stakeholders. This approach will help us gain a holistic understanding of the feature's performance and impact.

Step 1

Product Context

Zerodha's Coin is a direct mutual fund investment platform that allows users to invest in mutual funds without paying commissions. The feature aims to simplify the investment process and provide a cost-effective solution for retail investors.

Key stakeholders include:

1. Retail investors (primary users)
2. Zerodha (platform provider)
3. Asset Management Companies (AMCs)
4. Regulatory bodies (SEBI, AMFI)

User flow:

1. Account creation and KYC verification
2. Fund discovery and research
3. Investment selection and execution
4. Portfolio tracking and management

Coin aligns with Zerodha's broader strategy of democratizing finance and providing low-cost investment options. Compared to competitors like Groww or Paytm Money, Coin differentiates itself through its integration with Zerodha's trading platform and its focus on direct mutual funds.

Product Lifecycle Stage: Growth phase - The feature has gained traction but still has significant room for expansion and improvement in terms of user adoption and engagement.