Zerodha Mutual Fund launches Zerodha Nifty Midcap 150 ETF

NFO period: 27^th May – 07^th June, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking Nifty Midcap 150 Total Return Index


• Investment objective – The investment objective of the scheme is to invest in stocks comprising the Nifty Midcap 150 Index in the same proportion as in the index to achieve returns equivalent to the Total Return Index of Nifty Midcap 150 Index (subject to tracking error). 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 Midcap 150 Index TRI.


• Minimum Application Amount – First investment is Rs. 1000/- and in multiples of Rs. 1000/- thereafter


• Plan/ Options available – Currently, there are no plans/options available under the scheme.


• Fund Managers – Mr. Kedarnath Mirajkar


• Benchmark – Nifty Midcap 150 Total Return Index