29 March 2024 – In a remarkable achievement, Zerodha Fund House has witnessed a substantial growth in its assets under management (AUM), surging from Rs 500 crore to Rs 1,000 crore within a span of just 40 days. The fund house reached the Rs 500 crore milestone on February 15th, marking a significant milestone in its journey.
Zerodha Fund House, a collaboration between Zerodha and smallcase, made its entry into the mutual fund space by introducing passive funds in October 2023, following approval from the Securities and Exchange Board of India (Sebi).
Vasanth Kamath, the founder and CEO of smallcase, expressed his delight at the impressive growth, attributing it to investors’ increasing trust in Zerodha Fund House. He highlighted the burgeoning demand for index-based investment products and expressed gratitude for the valuable feedback and ideas received from investors.
Kamath also commended the Zerodha Fund House team for their innovation in developing industry-first products and emphasized their unique approach of focusing on direct-only and passive-only strategies.
The collaboration between Zerodha and smallcase, forged in April last year, aimed to establish an asset management company, leveraging the strengths of both entities. With 45 mutual fund players overseeing assets worth over Rs 50 lakh crore, the Indian mutual fund industry continues to witness robust growth and innovation.
The remarkable surge in Zerodha Fund House’s AUM underscores its growing prominence in the mutual fund landscape and signals promising prospects for its future endeavors.
