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Zerodha, which received SEBI’s final nod last month will soon commence its MF business with two index funds.
It has filed Scheme Information Documents (SID) with SEBI for Zerodha Nifty LargeMidcap 250 Index Fund and Zerodha Tax Saver (ELSS) Nifty LargeMidcap 250 Index Fund.
Here are the details of these funds.
|
Fund |
Type |
Benchmark Index |
Fund Manager |
|
Zerodha Nifty LargeMidcap 250 Index Fund |
Open-ended |
Nifty LargeMidcap 250 Index TRI |
Kedarnath Mirajkar |
|
Zerodha Tax Saver (ELSS) Nifty LargeMidcap 250 Index Fund |
Open-ended |
Nifty LargeMidcap 250 Index TRI |
Kedarnath Mirajkar |
Interestingly, the fund house will adopt a passive-only strategy.
Nithin Kamath, Founder and CEO, Zerodha had earlier tweeted, “We aim to be index-only and create simple funds and ETFs that all investors can understand and invest in for all their goals.”
