India Business News: Zerodha Fund House, a joint venture between Zerodha and smallcase, witnessed substantial growth with its Assets Under Management (AUM) surging Rs 500
Zerodha Fund House is a joint venture between Zerodha and fintech platform smallcase and is Indias only passive-only fund house providing direct plans to do away with transaction charges.
2023 has been a year of continued growth for the smallcase platform across all key metrics, including a 30% growth in the user base and we are soon to touch 10 million in count.
The latest deal would allow CRED to offer investment product like direct mutual funds, FDs, SIPs, and digital gold to its user base besides financial planning tools. The company has also been looking to expand its new insurance product under fintech arm DASPL.
Sagar Lele, founder of smallcase firm Rupeeting, follows what he calls the monopolies approach. This is one of the six approaches the firm believes in, and it alone has given 33% returns in the last one year.