Zerodha Fund House has launched two new fund offers (NFOs) – Zerodha Nifty 100 ETF and the Zerodha Nifty Midcap 150 ETF.
These are open-ended, passive, equity exchange-traded funds (ETFs) and will be available for subscription until June 7, 2024.
These new fund offers (NFOs) may be ideal for investors seeking long-term capital growth with the flexibility to invest in both large-cap and mid-cap segments.
Both funds will be managed by Kedarnath Mirajkar, Fund Manager at Zerodha Fund House.
While launching two new funds, Vishal Jain, CEO of Zerodha Fund House said, “As the only passive only fund houses in India, we have a responsibility to Indian investors to pave the way not just in terms of individual funds, but also in offering new strategic combinations that give them flexibility to gain exposure across different segments of the Indian capital market. The two new ETFs offer an opportunity to investors to get exposure in the key segments that broadly represent the Indian economy, and may capitalize on the India growth story”.
The Zerodha Nifty 100 and Zerodha Nifty Midcap 150 ETFs provide the flexibility to invest in both large-cap and mid-cap segments separately.
What is Nifty 100 ETF?
The Zerodha Nifty 100 ETF tracks the performance of the Nifty 100 Total Returns Index (TRI). It offers access to the top 100 companies by market capitalization within the Nifty 500 universe, generally considered leaders in their sectors, covering about 69% of the free float market capitalization.
Also Read: Is it good or bad to invest in a New Fund Offer (NFO) of mutual fund?
Since its inception, the Nifty 100 TRI has delivered 17.56% CAGR returns with 21.53% volatility.
What is Nifty Midcap 150 ETF?
The Zerodha Nifty Midcap 150 ETF tracks the Nifty 150 Midcap TRI. It provides a diversified portfolio of emerging companies with growth potential, covering about 15% of the free float market capitalization.
Since its inception, the Nifty Midcap 150 TRI has delivered 18.06% CAGR returns with 21.13% volatility.
Want to learn the art and science of managing your money? The 1% Club can help. Details here
Disclaimer: The above content is for informational purposes only. Please consult a SEBI-registered investment advisor before investing.
