Zerodha Fund House has launched the Zerodha Nifty MidSmallcap400 50:50 Index Fund, an open-ended equity index fund. This new offering allows investors to equally allocate to mid-cap and small-cap segments of the Indian market, with subscriptions closing on April 6. The fund aims to provide broad exposure to 400 companies, offering potential for long-term capital growth with a high-risk appetite.