Publish Date:
Zerodha Mutual Fund has launched two new fund offers (NFOs): Zerodha Nifty 100 ETF and Zerodha Nifty Midcap 150 ETF.
Zerodha Nifty 100 ETF and Zerodha Nifty Midcap 150 ETF are open-ended exchange traded funds (ETFs) tracking the Nifty 100 index and the Nifty Midcap 150 ETF, respectively.
[Read: Are ETFs Better Than Traditional Mutual Funds? Let’s Find Out....]
[Read: ETF v/s Index Fund: Which is the Better Passive Investment Option?]
Zerodha Nifty 100 ETF
Zerodha Nifty 100 ETF is a passively managed ETF, which endeavours to invest in stocks in proportion to the weightage of the stocks in the Nifty 100 Index. The fund will invest a minimum of 95% of its assets in equity and equity-related instruments of companies constituting the Nifty 100 index.
The Nifty 100 index is a diversified index representing major sectors of the economy. It represents the top 100 companies based on full market capitalisation and forming part of the Nifty 500 index. This index intends to measure the performance of large-sized companies.
The following stocks and sectors are currently the top constituents of the Nifty 100 Index.
Data as of April 30, 2024
(Source: niftyindices.com)
In terms of risk profile, Zerodha Nifty 100 ETF being a large-cap-oriented scheme carries moderate to high risk.
Zerodha Nifty Midcap 150 ETF
Zerodha Nifty Midcap 150 ETF is a passively managed ETF, which endeavours to invest in stocks in proportion to the weightage of the stocks in the Nifty Midcap 150 Index. The fund will invest a minimum of 95% of its assets in equity and equity-related instruments of companies constituting the Nifty Midcap 150 index.
The Nifty Midcap 150 index represents the next 150 companies (companies ranked 101st to 250th) based on full market capitalisation from Nifty 500. This index intends to measure the performance of mid-sized companies.
The following stocks and sectors are currently the top constituents of the Nifty Midcap 150 Index.
Data as of April 30, 2024
(Source: niftyindices.com)
In terms of risk profile, Zerodha Nifty Midcap 150 ETF being a mid-cap-oriented scheme carries very high risk.
Both schemes will be managed by Mr Kedarnath Mirajkar. He has an experience of 17 years in financial markets and is a PGDBM – Finance by qualification. Prior to working with Zerodha Mutual Fund, Mr Mirajkar was associated with Aditya Birla SL AMC, HDFC Bank, and Bombay Dyeing.
Zerodha Nifty 100 ETF and Zerodha Nifty Midcap 150 ETF are open for subscription from May 27, 2024 to June 07, 2024. The fund will reopen for continuous sale and repurchase on June 12, 2024.
The schemes will be listed on the BSE and NSE. The minimum subscription amount for both schemes is Rs 1,000 and in multiples of Rs 1,000 thereafter during NFO period.
Zerodha Nifty 100 ETF – Download SID Download KIM
Zerodha Nifty Midcap 150 ETF – Download SID Download KIM