Zerodha MF launches two passive funds

Published on May 28, 2024 12:56

Zerodha Mutual Fund, the investment arm of discount brokerage firm Zerodha, has launched two new exchange-traded funds (ETFs). The Zerodha Nifty 100 ETF and Zerodha Nifty Midcap 150 ETF will be open for investment from May 27th till June 7th, 2024 with a minimum investment of Rs 1,000 during the initial offering period.

The Zerodha Nifty 100 ETF replicates the Nifty 100 Total Returns Index (TRI), providing investors with exposure to India`s top 100 companies by market capitalization. The Zerodha Nifty Midcap 150 ETF, on the other hand, tracks the Nifty 150 Midcap TRI, allowing investors to invest in 150 of India`s mid-sized companies with high growth potential.

The Nifty 100 TRI has historically offered a 17.56% Compound Annual Growth Rate (CAGR) with moderate volatility (21.53%). The Nifty Midcap 150 TRI boasts an even higher CAGR of 18.06% with similar volatility (21.13%).

Both ETFs will be managed by Kedarnath Mirajkar, Fund Manager at Zerodha Fund House.