Zerodha’s Hero Fund: Veteran brokerage fund Jirodha launched its first fund about one and a half years ago. It offers investors to invest in direct funds, saving many charges to investors. For example, distribution commission has to be given in regular mutual funds. Now Jirodha CEO Nithin Kamath has claimed that his fund house has saved around ₹ 6400 crore to about 7 lakh investors. He has praised one of his funds Liquidcase ETF, calling it the Hero Fund and claimed that it is one of the most successful ETFs launched for Indian investors.
What is Zerodha’s Hero Fund
According to the claim of Jirodha CEO Nitin Kamat, investors were targeted to offer low -cost index funds and ETFS direct. Zirodha AMC launched its first fund for about 18 months and during this time 7 lakh investors saved ₹ 6400 crore through Jirodha AMC funds. According to Nitin Kamat, the most spectacular among them was Liquidcase ETF. Nitin Kamat says that the most successful ETFs of all Indian retail ETFs have been launched so far. Its AUM (Assets Under Management) was ₹ 843 crore in April 2024, which has now increased to ₹ 4700 crore.
Zeodha Fund House started about one and a half years ago
The Jirodha Fund House started about a year and a half ago in the last months of 2023, when it launched its first fund. Its goal was to provide investors based on index and ETF (Exchange Traded Fund). Investors can guess how its initiative was that it is now managing funds worth about ₹ 6400 crore i.e. its AUM is about ₹ 6400 crore.
IRB Infra News: Deal for three highways worth ₹ 8450 crore, money collected will be used
Health of Voda Idea is improving! Decreased losses in March quarter, approval to raise ₹ 20000 crore
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that investment in mutual funds is subject to investment market risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.
