Zerodha Mutual Fund crosses Rs 10,000 crore AUM in 2 years, scales to 8+ lakh investors

Zerodha Fund House, the smallcase–Zerodha joint venture focused on index-based funds and direct plans, has crossed Rs 10,000 crore AUM in just two years of launch.

Vasanth Kamath, Founder, Smallcase, posted on social media platform LinkedIn that, “In just 2 years since launch, Zerodha Fund House (a smallcase-Zerodha JV) has crossed Rs 10,000 cr in AUM.”

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He mentioned in his post that, “when we launched in November 2023, we were charting a new path in the industry with a sole focus on index-based funds & taking a unique model by only having direct plans.”

With a simple, investor-first approach, the fund house now serves over 8 lakh investors, including 12% first-time mutual fund investors and 60% from beyond India’s top 30 cities, reflecting strong nationwide adoption of transparent, low-cost passive investing.

In September, the fund house reached a milestone of nearly Rs 8,000 crore in assets under management (AUM) and according to Nithin Kamath, what made this AUM a big achievement then was that all of this AUM came entirely from individual investors.

Despite an increase in the competition as new asset management companies have entered the market and already established AMCs also launched their passive products, Zerodha Mutual Fund has maintained steady momentum.

Its decision to stay direct-only, avoiding commission-driven regular plans, and focusing on easy-to-understand index funds and ETFs has set it apart in the industry.

The AMC has deliberately focused on simple, transparent, and low-cost products. Index funds and exchange-traded funds (ETFs) have formed the core of its offering, catering to investors looking for straightforward solutions,Nithin Kamath posted on X in September.

Earlier this month, Zerodha LIQUIDCASE or Zerodha Nifty 1D Rate Liquid ETF, India’s first liquid ETF with a growth NAV, reached an AUM of nearly Rs 6,000 crore in under two years since its launch in January 2024.

Nithin Kamath, Founder and CEO, Zerodha Mutual Fund said that, “what makes this milestone remarkable is that all of this growth has been completely organic, driven purely by traders and investors discovering and adopting the product on their own.”

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According to the data by ACE MF, Zerodha Mutual Fund had a total AUM of Rs 9,118 crore as on October, 2025 and manages 15 funds.

Among these 15 funds, seven are equity funds, three are debt funds, four commodity based funds, and one is other schemes which include passive funds such as ETF and index fund.

Zerodha Nifty 1D Rate Liquid ETF had the highest AUM of Rs 5,806 crore as on October, followed by Zerodha Nifty LargeMidcap 250 Index Fund, which had an AUM of Rs 1,178 crore.

Zerodha Nifty 50 ETF had the smallest AUM of Rs 5.99 crore as on October 2025.