The two funds will be open-ended, passive and index equity mutual fund schemes. The two will be benchmarked against the Nifty LargeMidcap 250 Index TRI (total returns index).
Traders must look for a platform that is robust and cost effective
Why did TCS' 25 by 25 plan fail? What helped Groww outgrow Zerodha? Is it time to bet on large caps? What is the Iron Dome? All answers here
The platform has closed $11 million in its Pre-Series B round from Rainmatter Capital (Zerodha's investment arm) and Gruhas (venture capital fund co-founded by Nikhil Kamath and Abhijeet Pai)
Zerodha remains the most profitable brokerage, clocked net profit of Rs 2,907 cr in FY23
Zerodha's active user base has crossed 6.4 million, CEO Nithin Kamath says maintenance and onboarding charges to continue despite high competition
Founders, after building their own companies, have often sought to invest in newer startups
'India will be a $25 trillion economy in 25 years, digital India will drive 20-25% of this growth'
Groww has received the approval of the Securities and Exchange Board of India to launch its first index fund - Groww Nifty Total Markets Index Fund - through new fund offering
This will take Nikhil Kamath's stake in the firm to 3.5 per cent, up from an earlier 1 per cent
To offer passive direct plans, while relying on digital route for distribution
Vishal Jain, former Nippon India MF executive, to head the MF business
Under the deal, Zerodha will be paying for this Sensibull facility and users will not be charged anything for this
Conversations around proper governance among startups are increasing
In his thirties, the Zerodha co-founder has pledged to give away half his wealth
In his thirties, the Zerodha co-founder has pledged to give away half his wealth
Every year, a number of wealthy individuals across the globe pledge to donate to charitable causes, including climate change, education, and healthcare
The co-founder of Zerodha, Nikhil Kamath (35), is the fourth Indian to join the community after Azim Premji, Kiran Mazumdar-Shaw, Rohini, and Nandan Nilekani
Zerodha founder highlighted the issue of increased use of small plastic bottles at hotels and airports which is aggravating the problem of plastic waste in the country
Joins Zerodha and three other firms who are waiting in the wings for final approval