The mutual fund's sponsor is Zerodha Broking Limited, founded in 2010 and India's largest brokerage platform. With over 12 million users, Zerodha Mutual Fund is notable for its low expense ratios, which make it cost-effective for value-drawn investors. In addition, Zerodha’s mutual funds are designed for direct investment, meaning they do not involve transaction charges from any platform, though they incur government-regulated stamp duties.
In January 2025, Zerodha Mutual Fund’s total Assets Under Management (AUM) stood at 4287.24 crore, marking its first year as India's direct-only asset management company (AMC). Also, Zerodha Fund House has over 4 lakh unique investors spread across over 15000 pin codes in the country.
Key Information About Zerodha Mutual Fund
How to Invest in the Zerodha Mutual Fund
Investing in the best Zerodha Mutual Funds can be complex. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred Zerodha Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set-up a systematic investment plan (SIP), which is periodic (monthly, quarterly, etc.). Alternatively, if you have a large amount to invest, you can make a lump-sum investment. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best Zerodha Mutual Funds in India
Here is the list of some of the best Zerodha Mutual Funds in India:
* All data as of Feb 25, 2025
Detailed Overview of Zerodha Mutual Fund Schemes
Now, let’s discuss these 5 Zerodha Mutual Fund schemes in detail:
1. Zerodha Nifty LargeMidcap 250 Index Fund - Direct Plan-Growth
Zerodha Nifty Large Midcap 250 Index Fund is a simple index fund to invest in the top 250 Indian companies. The fund follows the Nifty LargeMidcap 250 index and invests your money equally between the top 100 large companies and the following 150 midcap companies.
- Fund Performance: Since its inception, the fund's annualized returns have been around 15.7%. The current value of a Standard Investment of ₹10,000 invested once at the launch of this fund would be ₹12090.
- Minimum Investment Amount: The minimum investment for the Zerodha Nifty LargeMidcap 250 Index Fund is ₹100.
2. Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan-Growth
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is a tax saver index fund to invest in the top 250 Indian companies. It invests equally between the top 100 large companies and the following 150 midcap companies. It invests passively in the Indian equity market while diversifying across various companies, sectors and market capitalisations.
- Fund Performance: Since its inception, the fund's annualized returns have been around 15.78%. The current value of a Standard Investment of ₹10,000 invested once at the launch of this fund would be ₹12100.
- Minimum Investment Amount: The minimum investment for the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is ₹500.
3. Zerodha Nifty 1D Rate Liquid ETF - Direct Plan-Growth
Zerodha Nifty 1D Rate Liquid ETF aims to provide liquidity with relatively low risk. It follows the "Nifty 1D Rate" benchmark. It invests in overnight instruments like T-bills, Reverse repo, Cash & Cash equivalents and G-Sec(s). The ETF offers an effective way to handle cash with a moderately low interest rate and credit risk.
- Fund Performance: Since its inception, the fund's annualized returns have been around 6.49%. The current value of a Standard Investment of ₹10,000 invested once at the launch of this fund would be ₹10722.
- Minimum Investment Amount: The minimum investment for the Zerodha Nifty 1D Rate Liquid ETF at the exchange is 1 Unit, and direct with AMC is In Creation Unit Size.
4. Zerodha Gold ETF - Direct Plan-Growth
The Zerodha Gold ETF strives to track gold performance. Backed by physical gold, this ETF offers a simple and optimised way to invest in gold.
- Fund Performance: Since its inception, the fund's annualized returns have been around 37.42%. The current value of a Standard Investment of ₹10,000 invested once at the launch of this fund would be ₹13742.
- Minimum Investment Amount: The minimum investment for the Zerodha Gold ETF at the exchange is 1 Unit, and direct with AMC is In Creation Unit Size.
5. Zerodha Gold ETF FoF - Direct Plan-Growth
Zerodha Gold ETF FoF is a fund that gives exposure to the gold asset class by investing in units of Gold ETF. The underlying asset of this mutual fund (Gold ETF) is backed by physical gold. The fund offers a simple & efficient way to take exposure to the gold asset class and is suitable for someone looking to invest with a long-term horizon.
- Fund Performance: It is an open-ended fund-of-fund scheme that invests in units of Gold ETF. Its NAV is ₹11.5029 (Feb 2025), and its Expense Ratio is 0.23%.
- Minimum Investment Amount: The minimum investment for the Zerodha Gold ETF FoF is ₹100.
Top Fund Managers
Below is the list of people who have made Zerodha Mutual Fund Investment a standout choice in a highly competitive market.
1. Kedarnath Mirajkar
Kedarnath Mirajkar is the equity fund manager at Zerodha Asset Management Pvt. Ltd. (ZAMC). He has over 17 years of experience in financial markets. Before joining ZAMC, he worked with Aditya Birla Sunlife AMC Ltd (ABSLAMC). As a Fund Manager, he managed 13 ETFs and Index Schemes across Equity and Commodities. At Zerodha Mutual Fund, he manages the Zerodha Nifty LargeMidcap 250 Index Fund, the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund, and others.
2. Shyam Agarwal
Shyam Agarwal is a commodities fund Manager at Zerodha Asset Management Pvt. Ltd. (ZAMC). He has been working in the industry for over 3 years. Before ZAMC, he was on the smallcase research team (Windmill Capital). His primary responsibility included managing five portfolios spread across different sectors. He is currently managing Zerodha Gold ETF and Zerodha Gold ETF FoF.
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