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Smallcase has announced that it has tied up with Zerodha for setting up mutual fund business.
In his twitter handle, Vasanth Kamath, CEO and founder, smallcase said his company will introduce a new generation of investors to mutual funds through this partnership. He said, “The upcoming AMC will be a joint venture between Zerodha and smallcase and will use learnings and shared values from both companies to build an enduring fund house.”
Responding to Vasant’s tweet, Nithin Kamath, Founder and CEO of Zerodha and Rainmatter said, “I'm super happy to announce that smallcase and Zerodha will build simple low-cost passive mutual fund products for India.”
Zerodha Broking received the in principal approval from SEBI in 2021 and are yet to get the final go-ahead.a
The new fund house will be a pure passive fund house. "Very few active managers have consistently added value. Having said that, at the end of the day most investors aren't concerned about alpha. They are looking for simple, transparent, and easy to understand products that can help them fulfil their long-term goals like retirement. We think there is a space to offer such simple products," the company said in a statement issued earlier.
