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. Powered by Capital Market - Live News |