NFO Alert: Zerodha Mutual Fund launches the Zerodha Nifty LargeMidcap 250 Index Fund; all you need to know

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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.

This is an open-ended scheme replicating/ tracking the Nifty LargeMidcap 250 Index.

This product is suitable for investors who are seeking

The investment objective of the scheme is to invest in stocks comprising the Nifty LargeMidcap 250 Index in the same proportion as in the index to achieve returns equivalent to the Total Return Index of the Nifty LargeMidcap 250 Index (subject to tracking error).

However, there can be no assurance or guarantee that the scheme's investment objective will be achieved.

The scheme shall invest in the following securities as per the limits specified in the asset allocation

table of the scheme, subject to SEBI (Mutual Fund) Regulations. The scheme would invest in stocks constituting the Nifty LargeMidcap 250 Index in a similar proportion (weightage) as in the Index and endeavour to track the benchmark index.

Under normal circumstances, the asset allocation (% of net assets) of the scheme’s portfolio will be as follows:

Types of Instruments

Minimum Allocation (% of Total Assets)

Maximum Allocation (% of Total Assets)

Risk Profile

Equities and equity-related securities covered by the Nifty LargeMidcap 250 Index

95

100

Very High

Equities and equity-related securities covered by the Nifty LargeMidcap 250 Index

0

5

Low to Moderate

To date, only Edelweiss Mutual Fund has launched one such index fund scheme, namely the Edelweiss Nifty Large Mid Cap 250 Index Fund.

Name of the fund house

Name of the fund

One-year returns (in %)

Edelweiss Mutual Fund

19.74

The performance of the scheme shall be benchmarked