Zerodha’s Fund House sees its Assets Under Management (AUM) reach Rs 1,000 crore in just 40 days, doubling from Rs 500 crore

Zerodha’s fund house achieved an AUM of ₹1,000 crore in under five months, with ₹500 crore added in the last 40 days alone.

Vasanth Kamath, Founder and CEO of smallcase, commented on Thursday, expressing delight at the rapid growth of investor trust in Zerodha AMC, a joint venture between smallcase and Zerodha. He highlighted the doubling of assets to over ₹1,000 crore in just 40 days, attributing it to the increasing demand for index-based investment products and appreciating the feedback and ideas from investors.

Zerodha Asset Management Company, a collaboration between Zerodha and smallcase, is proud of its innovative team at ZFH, which pioneers industry-first products. Their approach is unique, focusing solely on direct and passive investment strategies.

Zerodha Fund House entered the mutual fund market in October, launching the Zerodha Nifty LargeMidcap 250 Index Fund and ELSS Tax Saver LargeMidcap 250 Index Fund. These funds have amassed an AUM of ₹278 crore and ₹66 crore, respectively.

Additionally, the Zerodha Nifty 1D Rate Liquid ETF and Gold ETF, launched in January and February, have garnered AUMs of ₹641 crore and ₹41 crore, respectively.

Here’s everything you need to know about Zerodha Mutual Fund:

1. Last month, the mutual fund reached a significant milestone, crossing ₹500 crore with 1 lakh investors.
2. Zerodha manages four mutual fund schemes, all of which are passive funds.
3. The current offerings include: Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund, Zerodha Nifty LargeMidcap 250 Index Fund, Zerodha Nifty 1D Rate Liquid ETF, and Zerodha Gold ETF.
4. Zerodha entered the mutual fund industry last year through a joint venture with fintech platform smallcase.
5. Recent entrants into the mutual fund market include Old Bridge Mutual Fund and Helios Mutual Fund.
6. Zerodha Fund House plans to introduce more funds tailored to specific roles in investors’ portfolios, available in both fund and ETF formats.
7. Investors can access Zerodha Fund House schemes through digital platforms like Coin, Groww, Kuvera, Paytm Money, IND Money, CAMS Online, MFU, and MFC.

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