Zerodha Fund House AUM gains Rs 500 crore in 40 days; total hits Rs 1,000-crore mark

Zerodha Fund House is a joint venture between Zerodha and smallcase.

Hitting a new milestone, Zerodha Fund House recorded a significant surge in its assets under management (AUM) from Rs 500 crore to Rs 1,000 crore in just 40 days. The fund house touched the asset base of Rs 500 crore on February 15.

Zerodha Fund House is a joint venture between Zerodha and smallcase. It forayed into the mutual fund space with the launch of passive funds in October 2023 after getting capital markets regulator Sebi's approval.

Reacting to the development, Vasanth Kamath, founder and CEO, smallcase on X said, “Heartening to see investor trust continue to compound at @ZerodhaAMC (a smallcase-Zerodha JV) with assets doubling to Rs 1,000+ crore in just 40 days. It's a reflection of the growing appetite for index-based investment products & we are grateful for all the feedback & ideas."

"Also, very proud of the amazing team at ZFH that's innovating with industry-first products while charting our own unique path by building differently with a direct-only, passive-only approach," he added.

In April last year, Zerodha had formed a joint venture with Amazon-backed wealth management firm smallcase to build an asset management company. At present, 45 mutual fund players are managing an asset base of over Rs 50 lakh crore.

With inputs from PTI