@nithin Hi, When are you likely to launch your mutual funds? Early 2023?
We are yet to receive the final approvals from SEBI. We should be live in 3 months from when we have the approval.
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How will Zerodha earn money from mutual funds … will it become a distributor?
I am editing this post and leaving the non-edited version above for novices to understand better.
Asset Management Company is what Zerodha is trying to be. They will make money from the expense charges levied on the mutual funds. My tip: start with an Index fund.
Let’s hope for the best.
Just read that both Nithin and Nikhil Kamath (Nithin’s brother) are among the top 10 individual philanthropists in India. With this venture, let’s hope they become the top philanthropists in India. ATB guys
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They will obviously be the AMC
@nithin Please start your AMC soon. I am looking forward for your amazing & disruptive plan. Fingers Crossed…
I hope you have something like these in plan.
- Passive Index funds tracking Nifty, Midcap Nifty & Small Cap Nifty
- ELSS fund but passive, which tracks nifty.
- Passive International Funds (which tracks US markets)
- LIquid fund (but dividends should not be in units but price rise) should also be available as ETF likes liquidbees.
What else folks, What other interesting products you want to see for AMC?
Looks like you should work for an AMC
Ohh I would love to work with zerodha… never saw any opening on my type of job.
I was referring to an AMC, not Zerodha. Approach an AMC with all your ideas for funds in detail, give some presentations.
Who knows, a fund could conceived from your ideas