Zerodha Fund House today announced the launch of the Zerodha Arbitrage Fund, an open ended scheme investing in arbitrage opportunities, that may be ideal for investors looking to park surplus cash in a tax-efficient, relatively low-volatility manner.
The new fund offer or NFO of the fund is open for subscription and will close on August 14. The fund will reopen for continuous sale and repurchase within five business days from the date of allotment.