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
“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