Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index Fund NFO: Key details you need to know

30 Oct 2023 , 03:16 PM

Zerodha Mutual Fund is launching NFO under its “index category”, named as Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index Fund. The investment objective of the scheme is investing in securities of the Nifty Alpha 50 Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty Alpha 50 Index.

Investment strategy: An open-ended ELSS scheme will be managed passively replicating/ tracking NIFTY LargeMidcap 250 Index with a 3 year lock-in period and tax benefit.

Asset allocation: The scheme will invest in equity and equity related securities of companies falling in NIFTY LargeMidcap 250 Index.

Who should invest?

Investors with very high risk appetite and want to invest for 5 years to diversify their portfolio in NIFTY LargeMidcap 250 Index companies should invest in Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index Fund. 

Risk associated: Very high level of risk.

Benchmark: Nifty LargeMidcap 250 Index TRI.

Fund Managers: Mr. Kedarnath Mirajkar.

The NFO is available for subscription from October 25 to November 10. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 500/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index Fund.