Zerodha Mutual Fund launches Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

NFO period: 20^th October – 03^rd November, 2023

Highlights of the NFO:

• Scheme type – An open-ended passive equity linked savings scheme with a statutory lock-in period of 3 years and tax benefit replicating/ tracking Nifty LargeMidcap 250 Index


• Investment objective – The investment objective of the scheme is to invest in stocks comprising the Nifty LargeMidcap 250 Index in the same proportion as in the index to achieve returns equivalent to the Total Return Index of Nifty LargeMidcap 250 Index (subject to tracking error), while offering deduction on such investment made in the scheme under Section 80C of the Income-tax Act, 1961. There can be no assurance or guarantee that the investment objective of the scheme would be achieved.


• Product suitability – The product is suitable for investors who are seeking long term capital growth by investing in equity and equity related securities covered by Nifty LargeMidcap 250 Index.


• Minimum Application Amount – First investment is Rs. 500/- and in multiple of Rs. 500/- thereafter


• Plan/ Options available – Only Direct Plan having Growth Option only .


• Fund Managers – Mr. Kedarnath Mirajkar


• Benchmark – Nifty LargeMidcap 250 Index TRI