In a remarkable feat, Zerodha’s fund house has surged to an Assets Under Management (AUM) of ₹1,000 crore in less than five months, witnessing an astounding addition of ₹500 crore in just the last 40 days. This exponential growth underscores the burgeoning trust investors are placing in Zerodha Asset Management Company (AMC), a collaborative effort between smallcase and Zerodha.
Vasanth Kamath, the Founder and CEO of smallcase, expressed his elation at this achievement, noting the swift ascent in investor confidence in Zerodha AMC. He attributed this success to the escalating demand for index-based investment products and commended the invaluable feedback and ideas received from investors.
At the helm of this remarkable growth is Zerodha AMC’s innovative team, pioneering industry-first products and strategies. Their distinct approach revolves around direct and passive investment strategies, setting them apart in the mutual fund landscape.
Zerodha AMC made its foray into the mutual fund market in October, debuting with the Zerodha Nifty LargeMidcap 250 Index Fund and ELSS Tax Saver LargeMidcap 250 Index Fund. These funds swiftly amassed AUMs of ₹278 crore and ₹66 crore, respectively. Building on this momentum, the Zerodha Nifty 1D Rate Liquid ETF and Gold ETF, launched subsequently in January and February, secured AUMs of ₹641 crore and ₹41 crore, respectively.
Here’s a comprehensive overview of Zerodha Mutual Fund:
Milestone Achievement: Last month marked a significant milestone for the mutual fund, crossing the ₹500 crore mark with 1 lakh investors.
Passive Funds: Zerodha manages four mutual fund schemes, all of which adhere to passive investment strategies.
Current Offerings: The current lineup includes the 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.
Joint Venture: Zerodha ventured into the mutual fund industry last year through a joint collaboration with fintech platform smallcase.
Industry Landscape: Noteworthy recent entrants into the mutual fund market include Old Bridge Mutual Fund and Helios Mutual Fund.
Future Plans: Zerodha Fund House aims to introduce more funds tailored to cater to specific roles in investors’ portfolios, offering them in both fund and ETF formats.
Digital Accessibility: Investors can conveniently access Zerodha Fund House schemes through various digital platforms including Coin, Groww, Kuvera, Paytm Money, IND Money, CAMS Online, MFU, and MFC.
Zerodha AMC’s meteoric rise underscores its commitment to innovation and customer-centricity in the mutual fund space. With a focus on pioneering passive investment strategies and leveraging digital platforms for accessibility, Zerodha Fund House is poised to continue its trailblazing journey in reshaping the mutual fund landscape.
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