Zerodha Mutual Fund launches two passive funds

Zerodha Mutual Fund has announced the launch of two new offerings — Zerodha Nifty 100 ETF and Zerodha Nifty Midcap 150 ETF. These two schemes are open-ended, passive, equity exchange traded funds (ETFs).

The new fund offer or NFO of these schemes is open for subscription and will close on June 7.

Zerodha Nifty 100 ETF replicates performance of Nifty 100 Total Returns Index (TRI), while Zerodha Nifty Midcap 150 ETF offers that of the Nifty 150 Midcap TRI.


These schemes are suitable for investors who are looking for long-term capital growth with flexibility to participate independently in both large and midcap segments. The funds will be managed by Kedarnath Mirajkar.

“As the only passive-only fund house in India, we have a responsibility to Indian investors to pave the way not just in terms of individual funds, but also in offering new strategic combinations that give them flexibility to gain exposure across different segments of the Indian capital market. The two new ETFs offer an opportunity to investors to get exposure in the key segments that broadly represent the Indian economy, and may capitalize on the India growth story,” said Vishal Jain, CEO, Zerodha Mutual Fund.

The Zerodha Nifty 100 and Zerodha Nifty Midcap 150 ETFs offer the flexibility to invest in the entire universe of both largecap and midcap segments, independently.

The Nifty 100 ETF allows investors to get access to the top 100 companies based on full market capitalization that are part of the Nifty 500 universe, which are generally considered leaders of their respective sectors. The ETF covers ~69% of the free float market capitalization.

The Nifty Midcap 150 ETF gives investors access to a diversified portfolio of emerging companies that may have good growth opportunities and can potentially become the leaders of tomorrow. This ETF covers ~15% of the free float market capitalization.