Zerodha Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Zerodha Nifty Next 100 ETF’. The New Fund Offer price will be Rs 10 per unit during the NFO. Entry load and Exit load will be nil. The Scheme does not offer any option for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.The performance will be benchmarked against Nifty Next 100 TRI. The minimum application amount will be Rs 100 and in multiples of any amount thereafter.The investment objective of the scheme is to provide returns, before expenses, that closely correspond to the total returns of the securities as represented by the underlying index, Nifty Next 100 (TRI).