Zerodha Mutual Fund

About Zerodha Mutual Fund

Zerodha Mutual Fund is run by Zerodha Fund House, a joint venture between Zerodha Broking Limited, India's largest stock broking firm by number of active clients, and smallcase Technologies, a portfolio investing platform. It is positioned as India's only passive-only AMC.

Ownership and Heritage

Zerodha, led by Nithin Kamath, applied for a mutual fund licence in February 2020 and eventually launched Zerodha Fund House's first schemes in October 2023 - the Zerodha Nifty LargeMidcap 250 Index Fund and the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund, both open-ended passive index schemes. The firm has since expanded with additional index funds and ETFs, including Nifty 100 and Nifty Midcap 150 ETFs.

Fund Range and Approach

Zerodha Fund House has explicitly stated it will only ever offer passive, index-tracking funds and ETFs - no actively managed schemes - positioning itself around simple, transparent, low-cost products that mirror a chosen market index rather than trying to beat it through active stock-picking.

Who Should Consider Zerodha Mutual Fund

Investors who specifically want simple, low-cost index funds and ETFs, and who are already using or considering Zerodha's broking platform, may find Zerodha Fund House's exclusively passive lineup convenient. Investors specifically seeking actively managed funds should note this is explicitly not what Zerodha Fund House offers.

A Note on New AMCs

Because Zerodha Fund House only launched its first schemes in October 2023, its funds don't have the years of NAV history that older AMCs can show. This matters less for its passive index products specifically, where performance mostly tracks the underlying index rather than depending on a fund manager's tenure or stock-picking skill.

Checking a Scheme's Risk-o-Meter

Every Indian mutual fund scheme is required to display a standardised risk-o-meter (ranging from "Low" to "Very High") on its factsheet, reflecting SEBI's categorisation rules for that specific fund type. Checking this alongside the scheme's exact category label - not just its name - is a quick way to confirm a fund actually matches the risk level you're comfortable with before investing, regardless of which AMC runs it.

Checking Total Expense Ratio Trends

SEBI requires every AMC to publish each scheme's total expense ratio (TER) regularly, and TERs can change over time as a scheme's assets under management grow (regulations generally allow a lower TER ceiling for larger schemes). It's worth checking a scheme's current TER directly on the AMC's factsheet rather than relying on a figure that may be a few months old, since even a small change compounds meaningfully over a long holding period.

Reading the Scheme Documents

Before investing in any specific scheme, it's worth reading its scheme information document (SID) and key information memorandum (KIM), both freely available on the AMC's own website - these spell out the exact investment mandate, risk factors, benchmark, and exit load in far more detail than any summary page, including this one, can provide.

Costs: Direct vs Regular Plans

Zerodha schemes are available as Direct Plans or Regular Plans. Use the Expense Ratio Impact Calculator on this site to estimate the long-term rupee impact of that choice, though the gap is typically smaller for passive funds.

Investing With Zerodha Mutual Fund

Every Zerodha scheme tracked on this site shows live NAV, computed CAGR and absolute returns, and expense ratio, sourced from AMFI India and MFAPI - see the scheme list below, or open any individual scheme's page to project a SIP or lumpsum investment using its own historical performance and current NAV.