The fund home serves over seven lakh traders throughout greater than 16,000 pincodes, in line with its web site. Earlier this January, it had reported an AUM of Rs 4,287 crore, with over 4 lakh distinctive traders.
Led by chief government Vishal Jain, Zerodha Fund Home operates on a direct-to-consumer mannequin, providing mutual funds and alternate traded funds (ETFs) with out intermediaries or commission-based distribution.
Kamath mentioned its merchandise are designed to be easy and clear, with a concentrate on index funds, ETFs, and lately launched multi-asset funds. “Virtually all of this AUM comes from particular person traders’’, added Kamath.
The corporate’s choices embrace the Zerodha Nifty LargeMidcap 250 Index Fund, Zerodha Nifty 1D Price Liquid ETF, and Zerodha Gold ETF.
This comes at a time when the mutual fund trade is witnessing heightened competitors, with each conventional gamers resembling SBI Mutual Fund and Nippon India Mutual Fund, and new-age entrants like Groww AMC, more and more pushing passive investment products.
“The AMC has grown steadily whilst competitors has intensified, with newer AMCs coming into the market and present AMCs launching extra passive funds’’, Kamath posted.
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