I am Vishal Jain, the CEO of Zerodha Fund House. We started the fund house with a vision to make investing easy and simple for everyone. Our initial products reflect our commitment to simplifying investing.
Recently we crossed 500 Cr AUM and 1L Investors. Let me take this opportunity to thank all the investors for the trust placed in us.
If we have to bring in the next 10 crore investors to the capital markets then we believe that it can only be done by offering simple and transparent products that are easy to understand.
If you have any questions, post them below, and I’ll answer as many as I can. Feel free to ask me anything about the fund house and our product offerings!
Hey @VijayNair,
As of now, we have no plans to launch strategy indices. The focus is to provide investors with the basic building blocks across multiple asset classes and extend to more solutions & use-cases thereafter. We strongly believe that simple products can be instrumental in enabling more people to access the capital markets through mutual funds.
Hey @TradeB2B,
Thanks for the feedback. However, as I understand, regulations as of now permits investments in REIT & InvIT up to 10% in a particular scheme.
With last year’s changes in Debt MF taxation rules, international equity ETFs / MFs are now getting taxed at marginal rate which can be as high as 30-40%. This can serve as a large deterrent to people who want to diversify beyond Indian Equity markets. Any tax efficient simple product which focuses on US indexes (Nasdaq 100) with say 35% Indian equity mix (LargeMidcap 250) will provide investors indexation benefits along with diversification and would be really helpful.
In any case, I am pretty sure that given Zerodha Fund House’s focus on low cost simple products, it would rapidly scale up its AUM and be a serious competitor to established players. Some larger fund houses have already started taking note and are launching products similar to Zerodha Fund House. Please keep up the good work.
Hi @VishalJain
I am looking for two kinds of FoF built on top of passive index based ETFs
Currently Debt instruments are unattractive for long term due to tax implications.
Looking for completely passive that is, Fixed allocation hybrid with with maximum permitted debt instruments.
Currently there is no completely passive multi-asset with international exposer FoF. Looking for such transparent FoF which will reduce sequence of returns risk in long term, Something similar to vanguard target funds… I understand gliding like target fund may be difficult to to asymmetric tax structure but still such fund offer the predictable passive product .
The Fund has appointed market makers and endeavours to provide ample liquidity on every given day which is also visible in the order book. The possibility of no buyers or sellers seems rare in my opinion, possibly if there is a general market shutdown.
We are still evaluating various options on the debt side and will get back on this.
As mentioned earlier, we are yet to crystalise our plans for debt products.
Regulations in India do not permit mutual fund schemes to be launched on derivative products as of now.