Zerodha Fund House Preparing for Launch of its First NFO
Based on CEO Vishal Jain's statement, Zerodha Fund House is preparing for its first New Fund Offer (NFO), which is expected to launch within the next six to eight weeks. The company is completing all necessary formalities in order to launch its initial product line. Zerodha's asset management division will function as a separate digital-first fund house, independent of Zerodha Broking Ltd.
Zerodha's entry into the asset management company (AMC) space is distinguished by an emphasis on index funds, particularly equity traded funds (ETFs). This endeavour is being carried out in collaboration with Amazon-backed wealth management firm Smallcase. The AMC is establishing a dedicated platform to host its diverse portfolio of solutions.
These offerings will be conveniently accessible through prominent digital and exchange platforms, including Zerodha and Smallcase.
Vishal Jain, CEO of Zerodha Asset Management, is a financial services industry veteran with over 25 years of experience, including significant contributions to ETFs and passive products. Kedarnath Mirajkar, who has over 17 years of experience in financial markets, also joins the fund management team. He joins Zerodha Asset Management Pvt. Ltd. as Fund Manager - Equity.