Latest news with #ZerodhaFundHouse
Economic Times
29-05-2025
- Business
- Economic Times
Zerodha AMC's silent success: AUM worth Rs 6,400 crore in 18 months, LIQUIDCASE ETF emerges as a retail hero
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Zerodha AMC, the asset management arm of brokerage major Zerodha, has quietly marked a major milestone—crossing Rs 6,400 crore in assets under management within just 18 months of its launch, Zerodha Founder and CEO Nithin Kamath claimed in a tweet on said that the company managed to achieve the feat despite minimal marketing noise as the direct-only model focused on cost-efficient index funds and ETFs which has attracted over 7 lakh retail standout performer from Zerodha AMC's offerings has been the LIQUIDCASE ETF, which has amassed Rs 4,700 crore in 15 months, making it one of the most successful retail ETF launches in India, Kamath said. The founder also praised the efforts of Zerodha Fund House 's CEO Vishal Jain and his team behind the fund for building the fund."It's been 18 months since the first fund launch of ZerodhaAMC with Smallcase. The idea was to offer simple and cost-efficient index funds and ETFs and stay direct only. Despite not being loud about the AMC, 7 lakh investors have saved ₹6,400 crores in our funds. The hero fund is LIQUIDCASE ETF at ₹4,700 crores, and this is all in 15 months. LIQUIDCASE has to be one of the most successful Indian retail ETF launches ever. Vishal Jain and team have done a fabulous job building out the fund offerings," the tweet has 9 ongoing schemes according to Ace MF data. In this four are equity schemes, 2 debt and 3 are commodity is quite active on X and keeps posting market related insights on his official X the Zerodha co-founder weighed in on the much-hyped narrative that India's financial markets are witnessing a flood of new traders from Tier 2 and Tier 3 towns. While data based on KYC records may suggest a geographic diversification in retail investor participation, Kamath argues that this view may be misleading if not interpreted a post, Kamath had highlighted the difference between where users are registered and where they are actually trading from. According to him, while many new account holders appear to be from smaller towns and cities based on KYC addresses, their real-time trading activity, as measured through IP addresses—tells a different more: Zerodha's Nithin Kamath busts the myth of tier 2 and 3 trading boom. Check how
Time of India
12-05-2025
- Business
- Time of India
Fintech AMCs seize a bridgehead in asset management market
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New generation fintech asset management companies (AMCs) have grown their assets under management (AUM) in the last one year swimming against the tide in a sector dominated by banks and traditional wealth management the broader slowdown in the mutual fund industry did take out the wind from the sails in the last quarter for the likes of Groww Mutual Fund Zerodha Fund House and Navi Mutual Fund , these fintechs grew between 10 to 50% every MF doubled its AUM in the last one year closing March 2025 with Rs 1,547 crore in AUM. While it reported a flat growth in the March quarter, between September and December quarters its AUM grew 46%, data Zerodha grew its assets base almost nine times between March 2024 and 2025, reaching Rs 4,854 crore. Between September and December quarters, it grew at 46% and over the next quarter it grew only 26%.For Navi MF, AUM grew at 1.7% between December and March from almost 6% between October and December. Navi MF is at Rs 7,120 crore up 44% from just shy of Rs 5,000 crore a year to Association of Mutual Funds of India (AMFI) data, equity inflow into mutual funds in March stood at Rs 25,082 crore, an 11-month low. Between March 2024 and 2026, the overall assets in the mutual fund industry jumped 21.2% to Rs 66 lakh crore from around Rs 55 lakh crore.'Since the time of our launch in Dec 2023, we have seen strong AUM growth hitting Rs.6,500 crore across 7 lakh investors," said Vishal Jain, chief executive officer, Zerodha Fund HouseOther than Zerodha Fund House, which got a fresh licence, both Navi and Groww entered this space by acquiring two existing mutual fund companies. Navi acquired Essel Mutual Fund in February 2021, while Groww closed the acquisition of IndiaBulls AMC in May 2023. Recently Angel One and CapitalMind also bagged licences to start the mutual fund Amfi report from February this year said by 2047 India will have around 200 AMCs with AUM set to cross Rs 350 lakh crore. For fintechs, which were mostly focusing on stock broking and mutual fund distribution, the entry into the AMC business is an attempt to grab a share of this expanding wealth pie.'Investors look for trust and that gets built by large AUMs or strong distribution. Fintechs will need to build that trust which will take time, or they will have to innovate on distribution and products,' said Manish Kothari, cofounder, ZFunds, a mutual fund distribution players like Groww, Zerodha and Angel One, leaders in the stock broking sector, the AMC licence is the trump card for diversification in the financial services business that can bring in more stability to their overall revenues. And going by the overall slowdown in the equity markets, their stock broking businesses have also seen a certain degree of stagnation in their active user count reported by reported 12.9 million active users as of March end, compared to 12.5 million in October 2024, reflecting the churn and the slow addition of new investors. Zerodha's 8 million active traders in March end has also remained somewhat stable compared to 7.8million in October 2024.'There has been a slowdown in the overall market, which is reflected in the larger mutual funds industry as well, so for these fintechs, a lot is riding on their newly formed AMC business for stability and future business growth,' said another founder of a mutual fund distribution startup on the condition of the AMC business is a long-term game plan for these startups, industry insiders agree that creating a dent in this market would depend on instance, Bajaj Finserv , which got the AMC licence in 2023, has created an AUM of Rs 20,133 crore in March 2025 from Rs 8,800 crore in March 2024.'Groww is trying to build an offline presence of their mutual fund business. They have set up offices in certain cities already and the plan is to set up more,' said the founder quoted above. Despite being a tech-first stock broker for the AMC business, the Peak XV Partners-backed startup is opening up offline distribution did not respond to queries.'There are 44 AMCs and everyone has a Nifty product, a flexicap fund, a large cap fund, so these startups will need to differentiate from the traditional players with very innovative products, retail investors still use AUM size as a major filter to choose from,' Kothari of ZFunds broking, where customers are using the platform only through a transactional relationship, in case of the engagement with the AMC business, it is a long term trust based investment play.
Hans India
29-04-2025
- Business
- Hans India
India's gold demand crosses 800 tonnes in 2024: Report
Mumbai: India's gold demand surged past 800 tonnes in 2024, driven by a rise in jewellery consumption and increased investments in gold exchange traded funds (ETFs), according to a new report released on Tuesday. The report by Zerodha Fund House revealed that India was the world's largest consumer of gold jewellery in 2024, with total consumption reaching 563 tonnes. The value of this consumption was estimated at around Rs 3.6 lakh crore. Gold continues to hold a significant place in Indian culture, particularly during weddings and other auspicious occasions, where its use is widespread. Apart from jewellery, Indians are also investing heavily in gold in the form of bars and coins. In 2024, the country purchased 239 tonnes of gold in bar and coin form, valued at approximately Rs 1.5 lakh crore. This marks a 60 per cent increase compared to 2023, making India the second-largest investor in gold bars and coins globally. The report also highlighted that Indian investors are increasingly showing interest in gold ETFs. Over the past five years, gold ETF holdings in India have grown from 21 tonnes to 63 tonnes. Meanwhile, a recent report from the National Stock Exchange (NSE) pointed out that gold-backed ETFs have seen strong inflows both in India and globally. In the first quarter of 2025, net inflows into gold ETFs reached $21 billion, equivalent to 226 tonnes -- the highest since the second quarter of 2020. According to the NSE, gold outperformed all other asset classes in FY25, delivering a 41 per cent return in dollar terms. 'India reflected this shift, with the RBI ranking as the third-largest official buyer over the past three and five years, and gold now making up over 11 per cent of its forex reserves,' said the stock exchange in its report on Monday. The surge in gold prices is largely attributed to global economic uncertainty, which has led many investors to turn to gold as a safe-haven asset.
