Zerodha Fund House launches two new ETFs

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On 27 May 2024, Zerodha Fund House launched two new fund offers (NFOs): Zerodha Nifty 100 ETF and Zerodha Nifty Midcap 150 ETF. These are open-ended, passive, equity Exchange-Traded Funds (ETFs). The NFOs for both open on 27 May 2024 and end on 7 June 2024.

The Zerodha Nifty 100 ETF will follow the performance of the Nifty 100 Total Returns Index (TRI), while the Zerodha Nifty Midcap 150 ETF will follow the performance of the Nifty 150 Midcap TRI.

The Nifty 100 ETF consists of the top 100 companies based on full market capitalization that are part of the Nifty 500 universe and are generally considered leaders of their respective sectors. Whereas the Nifty Midcap 150 ETF provides a diversified portfolio of emerging companies that may have good growth opportunities and can potentially become the leaders of tomorrow.

According to the fund house’s management, the NFOs are suitable for investors looking for long-term capital growth with the flexibility to participate independently in both large and mid-cap segments. The fund will be managed by Kedarnath Mirajkar, a seasoned Fund Manager at Zerodha Fund House, further enhancing the credibility of the investment.

“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 the 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”,” said Vishal Jain, CEO of Zerodha Fund House.