Subscription for the new fund offer (NFO) of these schemes is available until June 7. The Zerodha Nifty 100 and Zerodha Nifty Midcap 150 ETFs provide the option to invest in both largecap and midcap segments separately.
Zerodha Mutual Fund unveils two new offerings — Zerodha Nifty 100 ETF and Zerodha Nifty Midcap 150 ETF. These are open-ended, passive equity exchange-traded funds (ETFs).
Introducing Zerodha Nifty Latest Offerings: Zerodha 100 ETF and Zerodha Midcap 150 ETF
Subscription for the new fund offer (NFO) is open until June 7.
Zerodha Nifty 100 ETF mirrors the Nifty 100 Total Returns Index (TRI), and Zerodha Midcap 150 ETF tracks the 150 Midcap TRI.
Zerodha introduces two new offerings — Zerodha 100 ETF and Zerodha Midcap 150 ETF. These are open-ended, passive equity exchange-traded funds (ETFs).
Zerodha Fund House, ranked 38th in India with Rs 1,236 crore in assets under management, has launched two new mutual fund (MF) schemes, Zerodha 100 ETF and Zerodha Midcap 150 ETF, on May 27.
The Zerodha Nifty 100 ETF (ZN100) is a large-cap scheme, while Zerodha Nifty Midcap 150 ETF (ZM150) is a mid-cap fund. Both are exchange-traded funds (ETFs), exclusively tradable on stock exchanges. Direct transactions with the fund house require a minimum of 7.55 lakh units; otherwise, trading occurs on the stock exchange.
The fund manager for both Zerodha ETFs is Kedarnath Mirajkar, Fund Manager at Zerodha Fund House.
Vishal Jain, CEO of Zerodha Fund House, emphasized their commitment to offering innovative investment opportunities for Indian investors. The Zerodha 100 and Zerodha Midcap 150 ETFs provide investors with the flexibility to independently invest in both large-cap and mid-cap segments.
The Nifty 100 ETF grants access to the top 100 companies based on full market capitalization, covering 69% of the free float market capitalization. The Nifty Midcap 150 ETF offers exposure to emerging companies with growth potential, covering 15% of the free float market capitalization.
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