Zerodha has started its journey as a fund house.
It offers 2 schemes tracking NIFTY LargeMidcap 250 Index. (See image)
But why this index?
It blends the best of large- and mid-caps.
We decided to check if this index has made money for investors.
Hereโs what we found.
A๐งต
We just received the final approval for the @ZerodhaAMC we are building in partnership with @smallcaseHQ.
Our motivation to start a mutual fund was twofold. The first was that the biggest challenge and opportunity for Indian markets is the shallow participation. Even after all the growth over the last 3 years, we only have maybe 6-8 crore unique mutual fund and equity investors put together.
The second was that if we had to bring in the next ten million investors, they needed simple products they could understand, and mutual funds were a perfect instrument. We aim to be index-only and create simple funds and ETFs that all investors can understand and invest in for all their goals.
I'm also excited that @vishaljain2510, who's been part of the entire passive investing journey in India from day 1, has joined us as a CEO to build the AMC. So yeah, keep an eye out for our first NFO ๐๐ค
๐ Go 1.20 Release Candidate 2 is released!
๐โโ๏ธ Run it in dev! Run it in prod! File bugs! https://t.co/Ul1xGhvlkf
๐ฃ Announcement: https://t.co/VRcIUOge3l
โฌ๏ธ Download: https://t.co/3WpbYBVqG6
#golang
We launch Anand tomorrow. Itโs our third satellite in space. But itโs special because it was the first satellite we ever got our hands dirty on. And itโs been one hell of a ride to put it up in space.
It would be nice if color pickers somehow indicated which colors have already been used in a document/file. "Which green did I use earlier? Right, third from the bottom."
Hey, @upstox users, let's celebrate our friendship ๐ฅณ
Weโre waiving off all charges on ALL smallcases for you. That means you can invest in as many smallcases as you want for ZERO LIFETIME FEES. Offer ends 13th Dec 2020, 3:30 PM ๐
Avail now -> https://t.co/CSJwncj1Y8