Zerodha Nifty Next 100 ETF Filed with SEBI

Zerodha Mutual Fund has officially submitted an offer document to the Securities and Exchange Board of India (SEBI) for the launch of its new open-ended scheme, the ‘Zerodha Nifty Next 100 ETF’. This New Fund Offer (NFO) is slated for availability at a unit price of Rs 10, presenting a new passive investment avenue.

A key feature for potential investors is the absence of any entry or exit loads associated with the scheme. This structure ensures that investors will not face additional charges upon subscribing to or redeeming their units from the fund. Zerodha Mutual Fund has set a minimum target amount of Rs 5 crore for this offering.

The ‘Zerodha Nifty Next 100 ETF’ is designed to closely track the performance of its underlying index, the Nifty Next 100 TRI. Its primary investment objective is to generate returns, before expenses, that align precisely with the total returns of the securities represented by this benchmark index.

This strategy offers market participants an efficient way to gain exposure to the Nifty Next 100, which comprises the 100 companies that follow the top Nifty 100 firms. The fund aims for direct replication of the index’s movements, providing transparency and adherence to its stated benchmark.

For accessibility, the minimum application amount required to invest in this ETF is Rs 100. Furthermore, investors have the flexibility to make subsequent investments in multiples of this initial amount, catering to varied investment capacities.