Zerodha Fund House, a joint venture between Zerodha and smallcase, has crossed the ₹1000+ crore mark in Assets Under Management (AUM) within 40 days of crossing the ₹500 crore threshold. The announcement came through a tweet by Vasanth Kamath, Founder and CEO of smallcase.
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In his tweet, Kamath acknowledged the rising demand for index-based investment products.
Heartening to see investor trust continue to compound at @ZerodhaAMC (a smallcase-Zerodha JV) with assets doubling to ₹1000+ cr in just 40 days 🖤
It’s a reflection of the growing appetite for index-based investment products & we are grateful for all the feedback & ideas(1/2) https://t.co/9n4el0nrWA— Vasanth Kamath (@vasanthkamath) March 28, 2024
It must be noted that Zerodha Fund House (Zerodha Mutual Fund) is passive-only fund house providing direct plans to do away with transaction charges.
Here are the details of the schemes currently offered by Zerodha Fund House:
| Fund Name | Type | AUM (₹ crore) | Expense ratio | Minimum investment | Lock-in period | iNAV |
|---|---|---|---|---|---|---|
| Zerodha Nifty LargeMidcap 250 Index Fund (ZN250) | Index Fund | ₹278.22 | 0.25% | ₹100 | None | - |
| Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (ZELSS) | ELSS Tax Saver Fund | ₹66.33 | 0.25% | ₹500 | 3 years | - |
| Zerodha Nifty 1D Rate Liquid ETF (LIQUIDCASE) | ETF | ₹640.51 | 0.26% | - | - | ₹101.4122 |
| Zerodha Gold ETF (GOLDCASE) | ETF | ₹41.1 | 0.32% | - | - | ₹10.7098 |
(Source: Zerodha Fund House website)
Zerodha Fund House said it will soon introduce more funds designed to serve specific roles in investors' portfolios, both in fund and ETF formats.
Investors can participate in Zerodha Fund House schemes via digital platforms such as Coin, Groww, Kuvera, Paytm Money, IND Money, CAMS Online, MFU, and MFC.
First Published: Mar 28, 2024 2:25 PM IST
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