Zerodha Launches New Index Mutual Fund, Know Name & Advantages! , Zerodha Nifty Large Midcap 250 Index Fund
Zerodha Mutual Fund launched the Zerodha Nifty LargeMidcap 250 Index Fund on October 20, 2023.
The fund is open for subscription until November 3, 2023.
The fund allocates 95–100% of its assets to equities and equity-related securities, and 0–5% to debt and money market instruments.
The Nifty LargeMidcap 250 Index is made up of 100 largecaps and 150 midcaps in equal proportion. It covers 250 stocks across 20 sectors.
Zerodha also launched an ELSS variant of the fund, called the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund. This fund has a statutory lock-in period of three years and tax benefits.
Zerodha doesn't charge a fee for investing in mutual funds. It also offers "Direct Mutual Funds", which can save investors over 2% per year.
– This index is broadly diversified across 20 sectors.
Zerodha's NFOs are open on Coin and all direct mutual fund platforms. You can invest through Coin web