Zerodha Fund House on Friday announced the launch of two new passive fund schemes: the Zerodha Nifty 50 ETF and the Zerodha Nifty 50 Index Fund.
Both open-ended schemes will follow the Nifty 50 Index – Total Return Index (TRI).
With this move, Zerodha, associated with India’s largest retail broking platform, enters the growing index fund market.
Launch Dates and Investment Details
Zerodha Nifty 50 Index Fund: Units will be allotted from October 14th and the fund will reopen for continuous subscription from October 17th.
Minimum investment is just ₹100, and after that, investors can add any amount. This makes it ideal for small investors.
Zerodha Nifty 50 ETF: This will be listed on stock exchanges on October 20th. Investors can start with a minimum of ₹1,000 and invest in multiples of that amount.
Investing in India’s Top Companies
Speaking about the launch, Zerodha Fund House CEO Vishal Jain said, “Nifty 50 is more than just an index. It serves as a barometer for the Indian economy.
As the most tracked and traded benchmark in our market, it represents the country’s growth trajectory.”
He added that these funds provide a simple and low-cost way to own shares in the 50 largest companies driving India’s economic growth.
This gives investors a straightforward opportunity to align their portfolios with a key market instrument.
Risks and Investor Guidance
The fund house emphasized that these schemes are designed for investors who understand that returns can fluctuate daily due to stock market movements.
They are suitable for those with a long-term perspective, who can handle short-term ups and downs and stay committed during market volatility.
