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The new fund offer of Zerodha Nifty LargeMidcap 250 Index Fund and ELSS Tax Saver LargeMidcap 250 Index Fund was launched last October and they have an AUM of ₹278 crore and ₹66 crore.

"Its a no-brainer to opt for low-cost index funds as the core of your portfolio. You can complement that with other funds, but the core should be passive funds," Kamath said on X (formerly Twitter).

Zerodha mutual fund manages four mutual fund schemes which include only passive funds.

Zerodha Fund House is a joint venture between Zerodha and fintech platform smallcase and is Indias only passive-only fund house providing direct plans to do away with transaction charges.

Liquid funds, which for long targeted only corporates, have returned 6% in 2023 — the highest in the last eight years. Now, retail investors have figured out that liquid funds/ETFs are among the best tools for diversification as they provide ease of entry and exit, along with the potential for higher returns compared to traditional savings instruments.

While there are around 13-14 crore mutual fund accounts in the country, only a third are active and unique. According to Jain, this is because equity investing is still a complex product, whereas passive funds’ simplicity can attract new investors

The ETF replicates the Nifty 1D Rate Index, which measures the returns generated by market participants lending in the overnight market

The Nifty 1D Rate Index has been developed to measure the returns generated by market participants lending in the overnight market. The index uses the overnight rate provided through the Tri-Party Repo Dealing System (TREPS) for the computation of index values.

Six mutual fund NFOs or new fund offers will open for subscription this week. Should you invest in these NFOs to maximise the return of your portfolio?

Zerodha Mutual Fund announced the launch of the Zerodha Nifty 1D Rate Liquid ETF. The scheme opened for public subscription on January 08, 2024, and will close on January 12, 2024.