Zerodha Fund House crosses Rs 4,000 crore of AUM within two years of being set up

In March 2024, the fund house had an AUM of Rs 521 crore, showing it has grown steadily. Industry data shows that the AUM of the entire industry as of December 2024 stood at Rs 69.3 lakh crore.

In the blog post, celebrating the beginning of a new year, Vishal Jain, chief executive officer of the fund, said the company has over 400,000 unique investors spread across 15,000 pincodes in the country. The company had received the licence from the markets regulator to commence operations in August 2023.

Zerodha Fund House is a joint venture between Smallcase and Zerodha.

Jain said more than 50% of his customers are from smaller towns which are designated as beyond the top 30 cities in the country. The median age group of customers is 28 to 36 years, showing young people taking to passive funds. Also, 78% of these are male while 22% are female.

The fund offers seven schemes across debt, equity and gold exchange traded funds. Unlike many other traditional funds, Zerodha AMC manages only passive funds, which mirror the market index or an asset segment.

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Laying out the roadmap for the coming years, Jain said the company will build more passive funds and exchange traded funds to help customers build a long-term portfolio. It will also invest further in investor education to enable more people from beyond the top 30 cities to actively participate in the stock markets.