#ZerodhaMF listed India’s first growth liquid ETF, the Zerodha Nifty 1D Rate Liquid ETF, on the #NSE.
Watch CEO Vishal Jain explaining how it's different from its peers, in conversation with Saloni Kothari .
Read more:https://bit.ly/48KJRpr
Category
📺
TVTranscript
00:00 In the market as of today, there are around seven liquid ETFs and together
00:05 they have an AUM of about 15,000 crores or so. All these ETFs pay dividend on a
00:11 daily basis and at times it can be difficult for investors to track the
00:16 returns in these ETFs. What we have done is we've innovated on this product, on
00:20 the structure and the ETF that we've launched is the Zerodha Nifty One Day
00:25 Rate Growth ETF, Growth Liquid ETF. The difference between this ETF and other
00:30 ETFs is that here because it's a growth ETF, the NAV will reflect the returns of
00:37 the product on a day-to-day basis and therefore it becomes much more easier
00:40 for investors to track returns on the product.
00:43 Right, you know I mean you've pretty new in the passive mutual fund business,
00:48 you've already launched this third fund if I'm not wrong, so can you help us
00:51 understand how's the business term been you know kind of clients that you're
00:55 seeing and of AUMs also especially after launching the third fund?
00:58 Right, so we've had an overwhelming response till now, we're a passive only fund house
01:05 focusing only on retail investors and as you said it's our third product, we've
01:10 got an overwhelming response. I mean we had an NFO of the first two products and
01:15 we raised about 104 crores in that NFO and our AUM has already crossed
01:19 about 250 crores in both these products you know in a short span of about three
01:23 months or so. So we're very excited about the journey, this is again you know one
01:30 of the products that we feel we've created especially for retail investors
01:34 and we think that you know the journey has just begun for us and you'll see a
01:38 lot more coming from us in the coming few weeks.
01:41 (dramatic music)
01:44 [music]