Zerodha Nifty Next 100 ETF NFO Closes on 5 October

Key Takeaways

• The Zerodha Nifty Next 100 ETF NFO closed on 5 October after accepting subscriptions since 21 September 2026. 
• The ETF tracks the Nifty Next 100 Index and had a minimum NFO investment amount of ₹1,000. 
• The fund house lists 8 October as the allotment date and 14 October as the scheduled listing date. 

The new fund offer for the Zerodha Nifty Next 100 ETF closed on 5 October 2026, completing a two-week subscription period for the passive equity product. 

The NFO opened on 21 September with a minimum subscription amount of ₹1,000. The fund house now shows the offer as closed, with allotment scheduled for 8 October and listing scheduled for 14 October. 

The ETF is designed to track the Nifty Next 100 Index TRI, subject to tracking differences and expenses. 

The underlying index is distinct from the better-known Nifty Next 50. It combines companies from the tier immediately below the Nifty 50, including the Nifty Next 50 constituents and selected companies from the Nifty Midcap 150 based on free-float market capitalisation methodology. 

As a result, the benchmark comprises 100 stocks beyond the Nifty 50, spanning sectors including financial services, capital goods, healthcare and power. 

The scheme carries a Very High risk classification. Its stated objective is long-term capital growth through investment in equity and equity-related securities covered by the Nifty Next 100 Index. 

Once listed, ETF units can be traded on the stock exchange in the secondary market. This differs operationally from a conventional index mutual fund, where purchases and redemptions are generally processed directly with the fund at the applicable NAV. 

The scheme does not levy an exit load, according to the fund house. Kedar Mirajkar is listed as the fund manager. 

The NFO’s closure comes during a period of continued expansion in passive mutual fund offerings, with fund houses adding products that segment the equity market beyond traditional Nifty 50 and Sensex exposure. 

Fund performance after listing may differ from movements in the Nifty Next 100 TRI because of fees, trading costs and tracking difference. Historical performance of the underlying index is not the same as historical performance of the newly launched ETF.