Hi,
On the product side we are still finalising the next set of products including any factor based products and will come back on this.
As for the Nifty Midcap150 momentum Index, not sure on the methodology used and so would not be able to comment. Important to understand that factors are cyclical and so difficult to predict which factor will outperform in the future, so please consider the additional risk taken on your overall portfolio before investing.
Factor stuff would be nice, perhaps Zerodha can also publish how they work - the good and the bad, returns and risk.
Also - Some sort of passive ‘All seasons fund’ which tries to hold assets that might correlate negatively when equity crashes would be great - if Zerodha can test and verify.
So equity + gold + gilt ST/LT + commodities - that’s what i have heard can give much better risk adjusted returns. Ray Dalio is supposed to have funds that do this.
This would make a great alternative for pledging and also for retirement money.
Adding to this, I have also been doing lots of research into Indian factor indices.
Within the factor index universe itself, there are some factors which have very small corelation. For example value factor and momentum factor. In normal markets, momentum dominates singlehandedly. But in sideways market like 2017-2019 where most returns came from large caps, value factor dominates and momentum falls behind.
So if we could have a single index with 50% allocated to something like Nifty Midcap 150 Momentum 50 and 50% allocated to Nifty 50 Value 20 or Nifty 100 Low Volatility 30, that could be a great combo. The index would internally rebalance as well and it would give good returns for most periods.
Hi Vishal, where are we in terms of SIFs? Are you thinking about diving into this space .
We are working on a few of these, however we are awaiting regulatory clarity on the possible structure allowed, keeping it mind it would be passive in nature.
We are still awaiting final regulations on this, would take a call once that happens.
Thanks for the suggestion. Will evaluate the same… Rgds
Hey,
Based on your feedback, we’ve created a dedicated page on our website for the iNAV summary of all ETFs.
You can check it out here: Real-time iNAV of ETFs by Zerodha Fund House
Thank you for helping us improve!
thank you …
@VishalJain if I invest in zerodha gold etf fof , is it possible to convert these units to physical gold when needed
@VishalJain
Sir , please come a Defensive India Fund ( Means - Portfolio construct in defensive sector like
FMCG , Pharma , IT , Power - these type of funds needed - but currently no one have -
But in developed country have this type of fund in all AMC
Lot of sectoral funds already exist. You want ETFs?
Thanks… suggestion noted.
No… these are mutual fund units where underlying investments are in Gold ETFs, so cannot be redeemed in physical Gold. Rgds
Hi @VishalJain , whats your opinion on multi asset fund combining gold and low volatile index? Will returns be comparable to largecap index with reduced volatility (atleast with backtested data)?
Hey Gautam, sorry have not worked on data with this sort of combination, so difficult to comment. In general, always good to have gold in the portfolio with equity as it reduces risk.
Hi @VishalJain @nithin - Please consider innovative combinations for low risk products such as Gold+Low Volatile Index , REIT+Debt in your future launches.
There is no dearth of pure high risk equity products in market anyways. 
Any idea when TOP100CASE and MID150CASE ETF will be available for pledging?
I wish RBI/Sebi increased the international funds limit. I hope Nithin can use his voice to make a case for this. It’s short sighted and very small in comparison to all the other factors that affect usdinr rate.
I would have liked to have a simple fund with 60-40(or 65:35) Indian index(LM250) and SP500 which auto rebalances every 3/6 months. Would be more tax efficient and easier than manual work at retail level.