ZERODHA MUTUAL FUND ACHIEVES RS 1,000 CR AUM IN RECORD TIME

Published on Mar 28, 2024 18:03

Zerodha Mutual Fund, a joint venture between Zerodha and smallcase, has achieved a significant milestone by surpassing Rs 1,000 crore in Assets Under Management (AUM) within just 40 days of crossing the Rs 500 crore mark. This rapid growth reflects a growing investor appetite for low-cost, index-based investment products.

Vasanth Kamath, founder & CEO of smallcase, expressed his appreciation for investor trust in a tweet: "Heartening to see investor trust continue to compound at Zerodha Mutual Fund... It`s a reflection of the growing appetite for index-based investment products..."

Currently, Zerodha Mutual Fund offers four passive funds:

* Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund (Rs 66.33 crore AUM, 0.25% expense ratio).

* Zerodha Nifty LargeMidcap 250 Index Fund (Rs 278.22 crore AUM, 0.25% expense ratio).

* Zerodha Nifty 1D Rate Liquid ETF (Rs 640.51 crore AUM, 0.26% expense ratio).

* Zerodha Gold ETF (Rs 41.1 crore AUM, 0.32% expense ratio).

Zerodha Mutual Fund focuses on offering low-cost, transparent passive funds with direct plans to eliminate transaction charges. This strategy appears to be resonating well with investors seeking a cost-effective way to participate in the market.