Zerodha’s asset management company (AMC), Zerodha Fund House, is reportedly gearing up to introduce its inaugural new fund offer (NFO) within the next six to eight weeks. The company is in the final stages of completing necessary formalities for the launch of its initial suite of products, according to a statement by Vishal Jain, CEO of Zerodha Fund House, as reported by YourStory.
Zerodha Joint Venture with smallcase to Enter Mutual Fund Business
Earlier this year in April, Nithin Kamath, the founder of Investech unicorn Zerodha, announced a joint venture with investech platform smallcase to enter the mutual fund business through the establishment of its own AMC.
Regulatory Approval and NFO Launch
This month, Kamath tweeted about it. He shared that the AMC got final approval from regulators. This hints at the upcoming launch of its first NFO. Vishal Jain is guiding this process.
AMC Licence and Key Personnel
In September of last year, Zerodha obtained in-principle approval for its AMC licence from SEBI. In the past year, Vishal Jain, with over five years’ experience at Nippon India Mutual Fund, joined Zerodha Fund House and added to the company’s leadership team.
Zerodha Focus on Internet-Savvy Consumers and Partnerships
Vishal Jain emphasized AMC’s primary focus: serving internet-savvy consumers and helping them easily enter the investment world through user-friendly products. Jain emphasized the value of passive investment strategies, noting that their products leverage exchange-traded funds (ETFs) and Index funds.
Additionally, Zerodha Fund House reportedly aims to expand its reach beyond direct-to-consumer workflows. The company intends to partner with leading platforms and advisors who possess technology solutions. This strategy aims to reach a wider audience for its investment offerings.
