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Zerodha Mutual Fund

Zerodha Multi Asset Passive FoF

Zerodha Mutual Fund · Direct plan · Growth

1-year returns
9.3%
NAV
₹11.46
▲ 0.91% · 18 Sept 2026
Fund size
₹189 Cr
Expense ratio
0.23%
a year
Minimum SIP
₹100

Returns, and where it stands

Against the average fund of funds (domestic), and its place among them. Anything longer than a year is a yearly rate.

PeriodThis fundCategoryRank
1 year9.3%20%behind45 of 112
Every period, and the Regular plan →
PeriodDirect
1 month-1.9%
3 months0.3%
6 months3.2%
1 year9.3%

Figures are for the Direct plan, and the rank compares it against the same plan of its peers, best first. Based on NAV history from Aug 2025.

NAV history

▲ 9.35% in the last 1Y

10.311.111.818 Sept 202520 Mar 202618 Sept 2026

Hover or tap the chart for the NAV on any date. Past NAVs are adjusted for unit splits.

If you had invested in this fund

Investment type
years
Total invested
₹60,000
Gain
₹1,453
XIRR (per year)
4.51%
Value today
₹61,453

12 monthly instalments from 18 Sept 2025, valued at the latest NAV. Past returns do not guarantee future returns.

What the ride has been like

Worked out from this fund's own NAV history, not a rating.

How bumpy
13.1% a year
4.9% less than the category average — the steadier side
Worst fall so far
−12.7%
Jan 2026 to Mar 2026.
Years that made money
100%
Of every one-year stretch it has been through.

Fund details

Minimum lumpsum
₹100
Minimum top-up
₹100
Lock-in
None
Plan started
13 Aug 2025
Expense ratio
0.23%
as of 30 Jun 2026

Managed by Kedarnath Mirajkar

Direct plan figures, last checked on 20 Sept 2026. Exit load and the scheme's benchmark are in thescheme document.

How it compares

Zerodha Multi Asset Passive FoF against other funds in the Fund of Funds (Domestic) category
Fund1Y3Y5YExpenseFund size
Mirae Asset NYSE FANG + ETF Fund of Fund47.06%56.83%35.52%0.58%₹2,707 Cr
Mirae Asset S&P 500 Top 50 ETF Fund of Fund83.92%55.54%0.56%₹847 Cr
Kotak Silver ETF Fund of Fund82.92%46.35%0.63%₹1,004 Cr
UTI Silver ETF Fund of Fund80.47%46.29%0.13%₹655 Cr
Axis Silver Fund of Fund80.98%46.28%0.09%₹1,281 Cr
ICICI Prudential Silver ETF FOF80.56%46.15%0.54%₹6,514 Cr
Zerodha Multi Asset Passive FoF9.35%0.23%₹189 Cr

About Zerodha Multi Asset Passive FoF

Zerodha Multi Asset Passive FoF is a fund of funds (domestic) managed by Zerodha Mutual Fund. Fund of funds that invest in other Indian mutual funds or ETFs, such as gold or silver ETFs.

The investment objective of the scheme is to provide diversified exposure across multiple asset classes—equity, debt, and commodities—through a passive investment approach. By blending asset classes with low correlation, this scheme seeks to offer better risk-adjusted returns while reducing overall portfolio volatility.

The scheme's stated objective, as published by Zerodha Mutual Fund.

The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.

Tax on your gains

How gains are taxed depends on what the scheme holds — equity, debt, gold or units of other funds each follow different rules. The scheme document states which applies.

Work out what you would owe with the capital gains tax calculator.

Every plan and option, with scheme codes
PlanOptionNAVScheme code
DirectGrowth Option₹11.4589153757

Frequently asked questions

What is the NAV of Zerodha Multi Asset Passive FoF today?

The NAV of Zerodha Multi Asset Passive FoF (Direct plan, Growth) is ₹11.4589, as of 18 Sept 2026.

What returns has Zerodha Multi Asset Passive FoF given?

Over the last year the Direct plan returned 9.35%. Past returns do not guarantee future returns.

What is the expense ratio of Zerodha Multi Asset Passive FoF?

The Direct plan charges 0.23% a year, as disclosed on 30 Jun 2026. The fee is already taken out of the NAV, so the returns above are what you keep.

What is the minimum SIP amount in Zerodha Multi Asset Passive FoF?

You can start a monthly SIP with ₹100, or invest a lump sum of ₹100 or more.

How much has Zerodha Multi Asset Passive FoF fallen in the past?

Its deepest fall was 12.7% from 29 Jan 2026 to 23 Mar 2026. Of every one-year stretch in its history, 100% ended in a gain.

Which category does Zerodha Multi Asset Passive FoF belong to?

It is a Fund of Funds (Domestic) from Zerodha Mutual Fund. Fund of funds that invest in other Indian mutual funds or ETFs, such as gold or silver ETFs.

How are gains from Zerodha Multi Asset Passive FoF taxed?

How gains are taxed depends on what the scheme holds — equity, debt, gold or units of other funds each follow different rules. The scheme document states which applies.

Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.