In a post on X (formerly Twitter), cofounder Nithin Kamath stated that Zerodha Fund House, an asset management company (AMC) supported by stockbroker Zerodha and Smallcase, had achieved assets under management (AUM) of Rs 8,000 crore.
Key Highlights
- Zerodha Fund House crosses ₹8,000 crore AUM mark, largely driven by individual investor inflows.
- In just two years, fund house now serves over 7 lakh investors across 16,000+ pincodes.
According to its website, the fund house serves more than 16,000 pincodes and more than seven lakh investors. It reported an AUM of Rs 4,287 crore earlier this January, with more than four lakh unique investors.
Under the direction of chief executive Vishal Jain, Zerodha Fund House provides mutual funds and exchange-traded funds (ETFs) directly to customers, cutting out middlemen and commission-based distribution.
With an emphasis on index funds, exchange-traded funds (ETFs), and newly introduced multi-asset funds, Kamath stated that its products are made to be straightforward and easy to understand. "Almost all of this AUM originates from individual investors," Nithin Kamath continued.
The Zerodha Nifty LargeMidcap 250 Index Fund, Zerodha Nifty 1D Rate Liquid ETF, and Zerodha Gold ETF are among the products that the company offers.
Also Read: Zerodha Launches Multi-Asset Passive Fund FoF: Key Details
This occurs during a period of increased competition in the mutual fund sector, as both established firms like SBI Mutual Fund and Nippon India Mutual Fund as well as more recent arrivals like Groww AMC are promoting passive investment products.
With newer AMCs joining the market and established AMCs introducing more passive funds, Kamath wrote, "The AMC has grown steadily even as competition has intensified."
