| Zerodha, India's biggest stock broker, has teamed up with fintech platform Smallcase to venture into the mutual fund business. The joint venture aims to build simple, low-cost passive mutual fund products for retail investors in India. The two companies will leverage their respective experiences and shared values to create an enduring fund house. Nithin Kamath, the CEO and founder of Zerodha, confirmed the development on 12 April 2023. In a tweet, Kamath highlighted the importance of collaboration and announced that Smallcase's 6+ years of experience in building investment products made it the perfect partner for Zerodha's upcoming low-cost passive mutual fund products for India. Smallcase founder Vasanth Kamath also expressed excitement for the upcoming AMC joint venture, which will use shared values and learnings from both companies to create a fund house that aims to increase retail investors' participation in the capital market. Smallcase is a Bangalore-based investment tech start-up that offers baskets of stocks based on specific themes, sectors, or ideas. The company's goal is to provide investors with access to ready-made portfolios directly, rather than through mutual funds. Currently, Smallcase has 15 investors, including Sequoia Capital India, Premji Invest, and Amazon. Powered by Capital Market - Live News |