Zerodha to form joint venture with smallcase for mutual fund foray | Mint
26 October 2024
Zerodha will form a joint venture (JV) with smallcase for its foray into the mutual fund business. Nithin Kamath, founder and chief executive officer of Zerodha, confirmed the development on Twitter.
“While awaiting final approval of our AMC (mutual fund), we asked if we should build it ourselves or collaborate. Given the 6+ years of experience that @smallcaseHQ has in building investment products, it made perfect sense to create a joint venture to build the AMC,” he said in his tweet.
Zerodha will be focusing on building low-cost passive mutual fund products.
Vasanth Kamath, founder of smallcase, said in his tweet, “The upcoming AMC will be a joint venture between Zerodha & smallcase and will use learnings & shared values from both cos (sic) to build an enduring fund house.”
Zerodha will form a joint venture (JV) with smallcase for its foray into the mutual fund business. Nithin Kamath, founder and chief executive officer of Zerodha, confirmed the development on Twitter. “While awaiting final approval of our AMC (mutual fund), we asked if we should build it ourselves or collaborate. Given the 6+ years of experience that @smallcaseHQ has in building investment products, it made perfect sense to create a joint venture to build the AMC,” he said in his tweet. Zerodha will be focusing on building low-cost passive mutual fund products. Vasanth Kamath, founder of smallcase, said in his tweet, “The upcoming AMC will be a joint venture between Zerodha & smallcase and will use learnings & shared values from both cos (sic) to build an enduring fund house.”
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