NEW DELHI: Zerodha Fund House, a three way partnership between Zerodha and smallcase, witnessed substantial development with its Assets Under Management (AUM) surging Rs 500 crore in simply 40 days, taking the total tally to cross Rs 1,000-crore mark. The fund home touched the asset base of Rs 500 crore on February 15.
The first Rs 500 crore in AUM was added in over three months and the rise from Rs 500 crore to Rs 1,000 crore took simply 40 days.
“Heartening to see investor trust continue to compound at @ZerodhaAMC (a smallcase-Zerodha JV) with assets doubling to Rs 1,000+ crore in just 40 days. It’s a reflection of the growing appetite for index-based investment products & we are grateful for all the feedback & ideas,” Vasanth Kamath, Founder and CEO, smallcase introduced on X(previously Twitter).
“Also, very proud of the amazing team at ZFH that’s innovating with industry-first products while charting our own unique path by building differently – with a direct-only, passive-only approach,” he added.
After getting capital markets regulator Sebi’s approval, Zerodha Fund House forayed into the mutual fund house with the launch of passive funds in October 2023. Before that, in April final 12 months, Zerodha fashioned a JV with Amazon-backed wealth administration agency smallcase to construct an asset administration firm.
At current, 45 mutual fund gamers are managing an asset base of over Rs 50 lakh crore.
The first Rs 500 crore in AUM was added in over three months and the rise from Rs 500 crore to Rs 1,000 crore took simply 40 days.
“Heartening to see investor trust continue to compound at @ZerodhaAMC (a smallcase-Zerodha JV) with assets doubling to Rs 1,000+ crore in just 40 days. It’s a reflection of the growing appetite for index-based investment products & we are grateful for all the feedback & ideas,” Vasanth Kamath, Founder and CEO, smallcase introduced on X(previously Twitter).
“Also, very proud of the amazing team at ZFH that’s innovating with industry-first products while charting our own unique path by building differently – with a direct-only, passive-only approach,” he added.
After getting capital markets regulator Sebi’s approval, Zerodha Fund House forayed into the mutual fund house with the launch of passive funds in October 2023. Before that, in April final 12 months, Zerodha fashioned a JV with Amazon-backed wealth administration agency smallcase to construct an asset administration firm.
At current, 45 mutual fund gamers are managing an asset base of over Rs 50 lakh crore.
