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Zerodha Fund House Launches Its Maiden Mutual Fund Schemes

Published on October 27, 2023
Current Context: Zerodha Fund House is a passive-only asset management company (AMC) that is a joint venture between Zerodha Broking Limited and smallcase Technologies Pvt Ltd.
Zerodha Fund House Launches Its Maiden Mutual Fund Schemes
  • It aims to build simple, transparent, and affordable mutual funds that leverage technology at every touchpoint.
  • Zerodha Fund House has launched its maiden funds on October 20, 2023.
  • They are:
    • Zerodha Nifty LargeMidcap 250 Index Fund: An open-ended scheme that replicates the Nifty LargeMidcap 250 Index, which consists of the top 250 companies by market capitalization in India.
    • Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund: An open-ended equity-linked savings scheme (ELSS) that also replicates the Nifty LargeMidcap 250 Index, but with a statutory lock-in period of three years and tax benefit under Section 80 © of the Income-tax Act, 1961.
  • The new fund offer (NFO) for these schemes will be open till November 3, 2023. Investors can apply on all leading MF platforms, including Zerodha Coin and Groww.

Question:

Q.1 What is the name of the index that both the Zerodha Nifty LargeMidcap 250 Index Fund and the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund replicate?
a. Nifty 50 Index
b. Nifty Next 50 Index
c. Nifty LargeMidcap 250 Index
d. Nifty Midcap 150 Index
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