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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
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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.

Zerodha

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

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