Zerodha MF introduces Nifty Midcap 150 ETF
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Zerodha Mutual Fund (MF) has launched Zerodha Nifty Midcap 150 ETF, an open-ended scheme replicating/tracking Nifty Midcap 150 Total Return Index. The NFO opens for subscription on May 27, 2024 and closes on June 07, 2024. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 1000 and in multiples of Rs 1000 thereafter.
The performance of the scheme will be benchmarked against Nifty Midcap 150 Total Return Index and its fund manager is Kedarnath Mirajkar.
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).
