Zerodha Mutual Fund announced the launch of the Zerodha Nifty LargeMidcap 250 Index Fund. The scheme opened for public subscription on October 20, 2023, and will close on November 03, 2023.
Right now, only Edelweiss MF has a scheme based on the Nifty LargeMidcap 250 index. Soon, Zerodha Mutual Fund will launch two schemes on this index. The index provides an interesting proposition, but you must understand what it is made of, before buying.
Zerodha Mutual Fund has filed drafts for two passive schemes: Zerodha Tax Saver (ELSS) Nifty LargeMidcap 250 Index Fund and Zerodha Nifty LargeMidcap 250 Index Fund.
Both the proposed schemes by Zerodha are index funds tracking Nifty LargeMidcap 250 index, among which one is an ELSS index fund and another is non-ELSS index fund