Zerodha Fund House launches passive multi-asset fund of funds
Bangalore: Zerodha Fund House has launched its Zerodha Multi Asset Passive FoF, an open ended fund of fund scheme that will invest in units of equity funds, debt schemes, index funds and commodity ETFs.
This multi-asset fund is a 4-in-1 fund that invests across equities, fixed income, gold and silver. It is a simple way for investors to begin their long-term investing journey, without juggling between the asset classes on their own.
The fund will invest close to 30% in large cap ETFs that hold top 100 index stocks. Another 30% will go into mid-cap ETFs that track the Mid 150 index, 25% will be allocated to gold ETFs and 15% in ETFs that invest in government securities.
This diversified portfolio is aimed at giving stable returns to investors. It particularly suits first-time investors. 'The Zerodha Multi Asset Passive FOF is a good starting point for those investors seeking to diversify through a simple ready-made portfolio in a single investment,' said Vishal Jain, CEO, Zerodha Fund House.
The minimum amount for application is ₹100 and in multiples of 100 during the NFO, making it easy and accessible for investors.
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The fund manager will alter the portfolio through periodic internal rebalancing. But, as in all mutual funds, these adjustments will not have any tax implications for the investor. Tax liability is only incurred when an investor redeems the fund units.
'This new fund takes the guesswork out of investing, offering diversification and easy access to multiple asset classes. It's designed to be a no-brainer solution for anyone looking for a simple way to achieve their asset allocation goals,' said Vaibhav Jalan, CBO, Zerodha Fund House.
Experts say that in the current volatile environment — where equity markets are volatile and bond yields are receding — a portfolio combining these asset classes with commodities like gold can deliver superior risk adjusted returns.
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