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Zerodha looks to enter Rs 27-trillion MF industry, applies for licence

Discount broker plans to build a business model around passive funds

nithin kamath zerodha

Nithin Kamath, founder and chief executive officer of Zerodha

Jash Kriplani Mumbai
The country’s largest broking house Zerodha is looking to enter the Rs 27-trillion mutual fund (MF) industry, with the firm putting in its application for MF license with the Securities and Exchange Board of India (Sebi).

“We want to create a platform that can offer differentiated products. We are most likely to be passive fund-focused asset manager. Within passives, we want to build a suite of innovative products, keeping in mind the interests of investors,” said Nithin Kamath,  founder and chief executive officer of Zerodha. “These products could even take the form of quant-based funds,” Kamath added.


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First Published: Feb 20 2020 | 5:54 PM IST

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