Zerodha forms JV with Smallcase for mutual fund business

Online stock brokerage firm Zerodha has formed a joint venture (JV) with wealth management platform Smallcase for the mutual fund business, founders of both entities announced on Wednesday.

Zerodha, India’s largest brokerage in terms of the number of customers, already has the initial clearance for an asset management company (AMC) from the Securities and Exchange Board of India and is awaiting the regulator’s final approval.