In less than five months, the recently established Zerodha Fund House managed assets of ₹1,000 crore. The fund institution, which solely manages passive investments, has added ₹500 crore over the past 40 days.
The CEO and founder of smallcase in X, Vasanth Kamath, stated on Thursday: "It is encouraging to witness the growth of investor confidence at @ZerodhaAMC, a smallcase-Zerodha joint venture, as assets have doubled to more over ₹1,000 crore in only 40 days. We appreciate all of the comments and suggestions, and it reflects the increasing demand for index-based investment solutions.
"Very proud of the incredible team at ZFH as well, who's leading the way in building in a different way by using a direct-only, passive-only approach and innovating with industry-first products," he continued.
In October, Zerodha Fund House debuted as an MF
Launched in October of last year, the Zerodha Nifty Large Midcap 250 Index Fund and ELSS Tax Saver Large Midcap 250 Index Fund have an AUM of ₹278 crore and ₹66 crore, respectively. The AUM of the two funds listed on the exchanges, the Gold ETF and the Zerodha Nifty 1D Rate Liquid ETF, is ₹41 crore and ₹641 crore, respectively. These investments were made available in January and February.
