India’s biggest stock broking firm, Zerodha is set to form a joint venture with fintech start-up smallcase, to enter the asset management business. Smallcase’s experience in building investment products will help Zerodha to create a low-cost passive mutual fund products business. The company will keep it technology-focused to make choosing mutual funds easier. The plan to form an AMC received approval in 2021 and would begin selling mutual funds within 2-3 months of receiving the final approval. The initial passive funds will be a target-date fund and other passive products.