Zerodha Fund House To Launch New Fund Offer In 6-8 Weeks

Zerodha’s asset management company (AMC), Zerodha Fund House, is reportedly set to launch its first new fund offer (NFO) in the next six to eight weeks.

The company is currently completing all the formalities to launch its first set of products, Vishal Jain, CEO of Zerodha Fund House, said, as per a YourStory report.

Investech unicorn Zerodha’s founder Nithin Kamath informed in April this year about forming a joint venture with investech platform smallcase to foray into the mutual fund business through the launch of its AMC.

Earlier this month, Kamath tweeted that the AMC has received final approval from the regulators and hinted at the launch of its first NFO under the leadership of Jain.

Zerodha received in-principle approval from the Securities Exchange Board of India (SEBI) for its AMC licence in September 2021.

Having spent over five years in Nippon India Mutual Fund, Jain joined Zerodha Fund House earlier last year.

The primary focus of Zerodha Fund House is to serve internet-savvy consumers and help them start their investment journey with simple and straightforward products, said Jain, as per the publication.

Jain, in a recent social media post, said, “Recognizing the value of passive investment strategies, our products allow investors to tap into the financial markets through simple but innovative product offerings using exchange-traded funds (ETFs) and Index funds.”

Besides direct-to-consumer workflows, Zerodha Fund House reportedly also plans to reach a wider audience by partnering with leading platforms and advisors with technology solutions.

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