Zerodha launched two Index Funds – Zerodha Nifty LargeMidcap 250 Index Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund. Should you invest?
As for both funds, the underlying Index is Nifty LargeMidcap 250, so I thought to review both funds in this same article. The schemes are open for subscription from 20th October 2023 and will close on 3rd November 2023.
What is the Nifty LargeMidcap 250 Index?
The Nifty LargeMidcap 250 reflects the performance of a portfolio of 100 large-cap and 150 mid-cap companies listed on the NSE, represented through the Nifty 100 and the Nifty Midcap 150 index respectively. The aggregate weight of large-cap stocks and mid-cap stocks is 50% each and is reset on a quarterly basis.
The index has a base date of April 01, 2005, and a base value of 1000. The Nifty LargeMidcap 250 Index covers approximately 84% of the full market capitalization, around 87% of the free-float market capitalization, and approximately 69% of the total liquidity of all…
