Zerodha
Zerodha to stop sharing brokerage revenue for demat account opening through referrals
A recent NSE circular has disallowed sharing brokerage income for referrals to prevent trade inducement. Zerodha said it would pay out all referral wallet balances over Rs 10 and stop the referral program from August 25.
Zerodha's Nithin Kamath flags concerns over fake trading app scams
Zerodha's Nithin Kamath on Monday highlighted a surge in fake trading app scams, which trick investors by offering easy profits. These scams involve fake apps mimicking major brokers, enticing users with initial gains, then demanding fees and taxes before disappearing.
Demat accounts: Groww market share crosses 25%, Zerodha continues to lose
According to Motilal Oswal, the market share of Groww stood at 25.1% after rising 41 bps MoM. At the same time, Zerodha's market share went down by 25 bps to 17.1% in July. Angel One also continued to attract investors as the market share of the third largest player in the industry rose 9 bps to 15.3%.
Zerodha introduces 'privacy mode' on Kite to curb overtrading and hide sensitive information
Zerodha has launched a privacy mode on its website to secure users' sensitive information and P&L details. This feature aims to prevent overtrading by reducing distractions from real-time P&L changes. It also includes a Kill Switch and virtual contract notes to promote mindful trading.
Zerodha's Nithin Kamath on why ULIPs may not be a smart investment choice for investors
Zerodha's Nithin Kamath argued that ULIPs are the worst when looking for investment and insurance at the same time, and cited the high commissions and limited insurance coverage. He recommended investing in direct mutual funds and purchasing term insurance separately.
Nithin Kamath says Sebi's relaxed proposals for RIAs will encourage more advisors
These comments were made in response to SEBI's new consultation paper, which proposes easing registration requirements and reducing compliance costs for investment advisors and research analysts by amending or clarifying existing regulations.
Nifty was at 4,500 when Zerodha started, recalls Nithin Kamath
As Nifty almost hit the 25k milestone on Monday, Zerodha founder Nithin Kamath recalled that the index stood at just 4,500 level when he started the discount broking platform.
Nithin Kamath says domestic markets need more IPOs after a strong run. Here's why
Nithin Kamath observed that successful IPOs benefit the markets by encouraging more companies to pursue IPOs and attracting increased interest from both retail and institutional investors.
Bengaluru man and girlfriend's park date has a big surprise: Zerodha's Nikhil Kamath joins their Sunday walk
A Bengaluru man’s rough week took an unexpected turn when he encountered Zerodha co-founder Nikhil Kamath during a mushroom walk at Cubbon Park. Aymen Aslam, founder of Klick Consulting, shared his surprise on social media, noting how the billionaire’s low-key appearance lifted his spirits and turned a bad week into a "10/10 Sunday morning." The post quickly went viral, with social media users and even YouTuber Ishan Sharma reacting to the chance meeting.
Zerodha eyes greater synergies between trading, wealth apps
Zerodha is focusing on bolstering its long-term wealth management strategy, exploring opportunities to integrate its trading and mutual fund businesses. The Bengaluru-based company currently operates distinct platforms, Kite and Coin, for trading and mutual fund transactions, respectively, but aims to unlock greater synergies between them.
Groww faces technical glitch, users report issues with orders and Demat balances
Discount broking platform Groww experienced a technical glitch this morning, disrupting users' ability to place orders and access Demat balances. The outage has caused widespread difficulties, leaving many unable to use essential services. Affected users took to platform X to express concerns, with one user asking, “@_groww unable to use my Demat Balance, what's wrong?”
After Ola Electric, Zerodha coming up with IPO soon? Nithin Kamath shares listing plans and also his health priorities
Recent IPO successes of Ola Electric, Unicommerce, and First Cry have bolstered investor confidence in Indian businesses. Nithin Kamath of Zerodha lauded these developments but expressed hesitancy about Zerodha's own IPO due to its business model. Kamath also provided a personal update on his recovery from a mild stroke earlier in 2024.
Zerodha’s wealth management plans; IT firms extend fresher internships
Happy Thursday! Zerodha is deeply integrating its trading and mutual fund distribution businesses. This and more in today’s ETtech Morning Dispatch.
Brokers, SEs face tougher futures and options as Sebi bids to curb F&O frenzy
India's stock brokers are preparing for tougher times as the Securities and Exchange Board of India proposed stricter norms for equity derivatives. This is expected to hit profitability for discount brokers such as Zerodha, Groww, and AngelOne. BSE rose by 6%, while NSE’s unlisted shares declined 10-12%. High impact expected for Zerodha, Angel One, and Paytm Money.
Options Clampdown: Zerodha's Nithin Kamath says Sebi proposed changes won't reduce volumes. Here's why
The Zerodha co-founder and CEO pointed out that futures traders generally have a higher success rate than option buyers. Futures traders tend to be profitable around half the time, while option traders are profitable only about 10% of the time, he said, attributing this difference to the higher leverage available in options trading compared to the capped leverage in futures trading.
Zerodha to make demat account opening free for all Indian investors
India's leading brokerage Zerodha on Wednesday said it is now making demat account opening for all resident investors in India free of cost.
Zerodha investors can now invest in mutual funds using a minor's account
Zerodha mutual fund investors can now invest in mutual funds using a minor's account, according to a post by Coin by Zerodha on social media platform.
Zerodha's Nikhil Kamath reveals sector he is most bullish on for next three years
Nikhil Kamath shared insights on strategic sector selection in a recent podcast, emphasizing the energy transition sector as a key area for investment over the next three years. He advised entrepreneurs to focus on sectors with long-term growth potential, such as renewable energy, rather than following trends or passion-driven industries. Kamath also highlighted the importance of thorough research, patience, and adaptability in business, cautioning against clinging to failing projects.
Zerodha's Nikhil Kamath shares a few business tips with Badshah, Kriti Sanon
Zerodha's Nikhil Kamath discussed business strategies with rapper Badshah and actress Kriti Sanon, advising caution in passion-driven industries like filmmaking. He suggested focusing on profitable areas like renewable energy and stressed the importance of company leadership. Kamath also warned about high market valuations and the challenges of current investment conditions.
Zerodha's Nikhil Kamath admits to being a 'Relationship Junkie' amid Rhea Chakraborty dating rumours
Nikhil Kamath, India's youngest billionaire and Zerodha co-founder, recently admitted on his podcast that he considers himself a "relationship junkie," having been in relationships most of his life. This revelation comes amid rumors of his romance with Bollywood actress Rhea Chakraborty, fueled by their recent public appearances together, including a bike ride in Mumbai. Although neither has confirmed the relationship, their sightings together have sparked widespread speculation.
Why Zerodha's Nikhil Kamath meets Shah Rukh Khan every time he is in Mumbai
On a recent episode of Nikhil Kamath’s podcast, 'WTF is with Nikhil Kamath,' Kamath revealed his frequent visits to Shah Rukh Khan’s Mumbai home, Mannat, where they engage in lengthy discussions, praising Khan’s “incredible” advice. Actor Kriti Sanon and rapper Badshah, also featured on the podcast, expressed their admiration for Khan. Badshah disclosed that his stage name was inspired by Khan, originally using the name "Cool Equal" before switching to "Badshah."
Zerodha's Nithin Kamath flags famous actors promoting unregulated trading platforms through ads
Zerodha's co-founder Nithin Kamath expressed concerns about celebrities, including actors, endorsing advertisements for unauthorized trading platforms. He noted seeing a famous actor promoting such a platform and gave them the benefit of the doubt regarding awareness. Notably, similar issues have arisen with actors endorsing Octafx, another problematic platform.
Zerodha traders hit by technical glitch as screen freezes
"Hi, we're sorry for the inconvenience. The issue was resolved quickly, and the prices are now updating fine now, please check," Zerodha said on social media platform X while responding to user complaints.
Zerodha's Nikhil Kamath admits to facing heartbreak in love during chat with Kriti Sanon
In a recent episode of his 'WTF' podcast, India's youngest billionaire and Zerodha co-founder, Nikhil Kamath, candidly spoke facing heartbreak during a conversation with Bollywood actress Kriti Sanon. The two, along with cricketer KL Rahul and rapper Badshah, engaged in a lighthearted yet meaningful discussion about love, relationships, and personal challenges, offering a rare glimpse into Kamath's personal life.
Govt slaps penalty on Nithin Kamath, Zerodha AMC for this violation; company files appeal
Zerodha Asset Management Company and its founder, Nithin Kamath, were penalized by the Ministry of Corporate Affairs for delaying the appointment of their Chief Financial Officer. The fines amounted to Rs 5 lakh for the company and Rs 4.08 lakh for Kamath. Zerodha has filed an appeal, asserting the delay was not deliberate.
Nithin Kamath sees tough times for broking industry as regulator seeks to rein in options boom
The Zerodha chief's remarks follow Sebi chair Madhabi Puri Buch's announcement that the regulator is aware of the highly speculative nature of options trading. Sebi plans to take action based on the recommendations of the working committee.
Budget 2024: Zerodha's Nithin Kamath wants govt to add additional exemption in capital gains tax
Section 54F of the Income Tax Act offers an exemption on long-term capital gains earned from selling assets (excluding residential houses), if the sale proceeds are used to buy or build a new residential house.
Rhea Chakraborty and India's youngest billionaire Nikhil Kamath spotted together on a bike ride: Fans question relationship status
Bollywood actress Rhea Chakraborty and Zerodha co-founder Nikhil Kamath were recently seen together on a bike ride in Mumbai, fueling rumors about their relationship. Dressed casually, the pair appeared calm despite the media attention. Nikhil, previously linked to Manushi Chhillar and Amanda Puravankara, and Rhea, who has been navigating life post-Sushant Singh Rajput’s death, are now at the center of speculation. Rhea has also launched her clothing brand, 'Chapter 2,' marking a new phase in her life.
Sensex expiry day hit by tech glitch on record high day, brokers blame BSE
Sensex hit 80,893, but a BSE glitch during weekly expiries caused F&O traders, including Anil Hudda from Jaipur, significant losses (Rs 15 lakh). Orders on Zerodha were 'open pending.' Groww cited connectivity issues, fixed by noon. Hudda shared his grievances on X. Demat accounts reached 16.2 crore, with BSE's F&O turnover rising 15% month-on-month amidst increasing market volumes.
Demat accounts surge to 16.2 crore, 42 lakh new accounts added in June: Motilal Oswal
In June 2024, CDSL continued to gain market share in terms of the total number of demat accounts. It raised its overall market share MoM. On a YoY basis, NSDL lost 420 bps and 620 bps market share in total and incremental demat accounts respectively.
“Sad to see losses”: Angry Zerodha users take to social media to complain of fresh glitch
Multiple Zerodha users on Monday took to social media to complain about tech glitches related to placed orders. While the broker updated that the glitch has been fixed, investors expressed their anger on social media.
Retail investors drive 12x growth in index funds in less than 4 years: Zerodha Fund House
The popularity of index funds in India has surged in recent years, as evidenced by the significant increase in the number of funds offered by MF houses. Between March 2021 and March 2024, the total number of index funds available to investors grew by an impressive 370%, from 44 to 207. This growth reflects the growing appetite and confidence that investors have in index funds.
Sebi targeting F&O froth but longer term investors may get caught in cross-firing
Sebi's new regulations on F&O trading aim to standardize charges and reduce excessive profits for brokers. This may lead to higher costs for long-term investors and potential changes in brokerage models. Retail participation in options trading is being closely monitored for its impact on savings.
Zerodha faces another technical glitch, users face Kite login issues
India's second-largest broking platform Zerodha website displayed the error message ‘503 Service Unavailable. No server is available to handle the request.’ Traders on X (formerly Twitter) reported that the trading platform was not functioning even before trading commenced on Monday.
Zerodha may end zero brokerage structure for equity delivery trades after Sebi's order: Nithin Kamath
With the new Sebi circular that mandates uniform charges by market infrastructure institutions like stock exchanges, brokerages are feeling the heat. Zerodha's Nithin Kamath on Tuesday said the brokerage may have to go back on zero brokerage structure or increase brokerage for F&O (futures and options) trades.
MCA penalises Zerodha, Apple supplier Wistron for company law breach
Zerodha filed a suo-moto application on January 9, addressing the non-appointment of a CFO between December 20, 2021, and March 23, 2023. This filing led to the MCA's hefty penalty against the company. This penalty comes at a time when new-generation asset management companies like Zerodha Fund House target retail and small-town markets for long-term growth.
Brokers' future role may reduce to just processing orders: Zerodha CEO Nithin Kamath
Nithin Kamath praised Sebi for its investor-friendly initiatives, highlighting two recent measures. The first mandates the direct transfer of securities by clearing corporations to demat accounts, and the second proposes increasing the threshold for the Basic Service Demat Account (BSDA) from Rs 2 lakh to Rs 10 lakh.
Nithin Kamath, a stroke survivor, takes part in push-up challenge with Zerodha employees. Watch here
Nithin Kamath, the head of Zerodha, participated in an impromptu push-up challenge with colleagues, underlining his commitment to fitness. This activity, inspired by a visit from Sisters In Sweat, reflects Kamath's advocacy for a healthy lifestyle. His dedication to staying active intensified after he experienced a mild stroke earlier this year, highlighting the balance between health and career demands.
Noida businessman duped of Rs 9 crore in WhatsApp trading scam: Report
A businessman named Rajat Bothra from Noida was duped of over Rs 9 crore by cyber thugs after joining a stock market trading group. Social media, especially WhatsApp, has become a breeding ground for scams.
Demat account for minors: How to open with Zerodha, other brokers? Check documents required, other details
Teaching minors about stock markets, demat accounts, and investment strategies is crucial for financial discipline and smart money management.
Will Nikhil Kamath enter politics? Zerodha founder gives interesting reply to Ranbir Kapoor's question
Bollywood actor Ranbir Kapoor interviewed Zerodha co-founder Nikhil Kamath in a podcast, discussing Kamath's disinterest in joining politics. Kamath highlighted his preference for a structured-free lifestyle. Kapoor also shared his inclination towards art and filmmaking, citing his lack of people skills and unsuccessful production venture as reasons for not pursuing a political career.
Zerodha’s Nikhil Kamath on what he finds 'crazy' about PM Modi
Ranbir Kapoor appeared on Nikhil Kamath’s 'People by WTF' podcast, where they discussed Kamath’s admiration for PM Modi’s energy and commitment. Kapoor shared his own memorable experience with the Prime Minister and emphasized Modi's personal touch. Both Kamath and Kapoor ruled out entering politics due to its challenges. The podcast previously featured Bill Gates.
Overall ADTO declines MoM as new demat accounts rise: Motilal Oswal
In May 2024, demat account additions surged by 36 lakh, but the overall average daily turnover (ADTO) in the financial markets declined by 3% to Rs 433 lakh crore. While F&O ADTO decreased by 3%, cash ADTO rose by 5.5%. Active users on NSE increased to 4.29 crore.
Zerodha investors booked Rs 50,000 crore profit in 4 years: Nithin Kamath
Indian markets witnessing an equity boom with investors realizing profits of Rs 50,000 crore over four years and holding unrealized profits of Rs 1 lakh crore on an AUM of Rs 4.5 lakh crore.
ICICI Direct trading platform hit by technical glitch
ICICI Direct, India's fifth largest broker, faced a technical glitch, affecting traders' access. Initially, a maintenance message appeared, delaying trading. The platform resumed around 10:20 am. Technical issues have plagued brokers like Groww and Zerodha recently.
Glitch at CDSL trips investors' exit plans
Stock market hits record highs but clients face trading issues due to CDSL system failure with TPIN authorization for selling shares.
Zerodha, 4 other discount brokers widen lead in active clients vs traditional brokers in April
Top five discount brokers expanded their lead over traditional ones in active clients on NSE, reaching 63.9% share in the previous month, up from 60.1% in April 2023. NSE's active clients rose by 2.6% sequentially to 4.18 crore in April, as per Motilal Oswal.
Zerodha users can now trade commodities using the same equity account balance. Here's how
Zerodha announces users can trade commodities using equity account balance, eliminating need for separate commodity account.
Sebi cracks down on gaming apps involved in virtual trading
The Securities and Exchange Board of India (Sebi) has asked exchanges and depositories not to share real-time price data with third parties in a move aimed at quashing such activities.
Budget 2024: Zerodha’s Nithin Kamath seeks tax exemptions for startup investors
According to Nithin Kamath, innovative solutions like allowing investment in startups from the capital gains made on the sale of any asset could help popularise startup investments and generate jobs.
Budget 2024: Zerodha's Nithin Kamath proposes big change in capital gains from the sale of property to boost startups
Nithin Kamath, co-founder of Zerodha, has raised concerns about structural unemployment among Indian youth, emphasizing the need for targeted measures in the upcoming Union Budget. Despite India's impressive economic growth rates, issues with job creation persist, particularly in formal sectors. Kamath highlighted the importance of stimulating entrepreneurship in rural areas often overlooked by traditional investors, proposing amendments to tax laws to incentivize startup investments. He suggested extending tax exemptions currently applicable to residential property reinvestments to include investments in startups, aiming to bolster economic growth and address youth unemployment.
Morning Brief Podcast: Sebi’s bitter pill for Zero Brokerage Startups
India’s capital markets regulator Sebi has asked online brokerages to move away from any kind of slab pricing to their clients and levy one, uniform charge. It has sweeping implications for fintech startups in the online stock brokerage space. Companies like Zerodha, Groww, and Shoonya, known for their zero brokerage models, face potential revenue disruptions and valuation shifts. As SEBI continues to enforce stringent regulations aimed at enhancing market accountability and oversight, how will these fintech players adapt? Hosts Nikhil Agarwal and Anirban Chowdhury talk to Arun Chaudhry, CBO of m.Stock by Mirae Asset and ET’s Pratik Bhakta to explore the ripple effects of this mandate, the strategic pivots these companies might need to make, and whether this is part of a broader regulatory trend targeting online brokers. Tune in.Morning Brief Podcast: Sebi’s bitter pill for Zero Brokerage Startups
Nikhil Kamath lands in controversy: Zerodha co-founder accused by Liver Doc of promoting alcohol myths
In response to a widely-discussed podcast, Dr. Cyriac Abby Philips, known as 'The Liver Doc,' criticised Zerodha co-founder Nikhil Kamath for glamorizing the alcohol industry as beneficial healthcare. Philips, highlighting his daily experiences treating alcohol-related health issues, denounced the promotion of moderate alcohol consumption as misinformation.
Top startup and tech stories this week
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories that we covered this week. Here’s a recap if you missed them.
Zerodha to end zero-brokerage model; Unacademy lays off 250 employees
Online stock broker Zerodha will likely discontinue its zero-brokerage structure due to new Sebi rules. More on this in today’s ETtech Top 5.
Demat account additions flat at 31 lakh in April. Overall tally rises to 15.40 crore
The number of Demat accounts increased by 31 lakh in April to 15.40 crore accounts with month-on-month (MoM) growth remaining flat and in line with the average monthly additions of 31 lakh in FY2024, according to a press note released by Motilal Oswal Financial Services (MOFSL).
Zerodha Mutual Fund launches two passive funds
The new fund offer or NFO of these schemes is open for subscription and will close on June 7. The Zerodha Nifty 100 and Zerodha Nifty Midcap 150 ETFs offer the flexibility to invest in the entire universe of both largecap and midcap segments, independently.
Mahindra Manulife Manufacturing Fund & 5 other mutual fund NFOs to open for subscription this week
Six mutual fund NFOs, including JM Small Cap Fund, Zerodha Nifty 100 ETF, and Zerodha Nifty Midcap 150 ETF, open for subscription this week covering ETFs and Nifty 100 Index
Collective Artists Network acquires Terribly Tiny Tales
Collective Artists Network has acquired digital content creator Terribly Tiny Tales (TTT) following funding from Nikhil Kamath. The move aligns with their goal to be India's top new media company. TTT, founded by Anuj Gosalia in 2013, reaches 25 million weekly social media users. This acquisition complements Collective Artists Network's strategy to enhance storytelling and creator support. Anuj Gosalia, TTT's CEO, looks forward to leveraging Collective's resources for greater impact.
Demat POA misuse prevention: Stockbrokers implement a new authorisation method for demat debit and pledge, should you opt for it?
Demat account: Zerodha, FYERS and other stock brokers have enabled DDPI mechanism for their customers. This new mechanism replaces Power of Attorney (PoA) mechanism, however opting for it is optional for you. Read here to know whether you should stick with PoA, e-DIS (OTP and TPIN) or use the new DDPI method to authorise demat account transactions.
Zerodha’s Nithin Kamath sees end of road for zero brokerage model after new Sebi rules
Exchanges often charge a lower fee to brokers if they generate high volumes. Brokers, in turn, charge traders little to no fees, which has contributed to a surge in trading across segments like derivatives that the Securities and Exchange Board of India wants to curb.
NFO Tracker: How new mutual funds launched in 2024 are doing
Discover the top performers like Motilal Oswal Nifty Realty ETF and HDFC Manufacturing Fund, showcasing impressive returns in the market. These funds have attracted significant assets and delivered strong performances within a specific period of time in 2024.
Direct payout of securities: Zerodha's Nithin Kamath says Sebi's proposal simplifies ops
Sebi, in a consultation paper, has proposed mandatory direct payout of securities to demat accounts to ensure that securities of the clients are not vulnerable to misuse.
New feature by CDSL to prevent demat related fraud: Know how this will make your accounts with Zerodha, Groww, FYERS and others safer
Demat account: If you have a CDSL demat account (used by stock brokers like Zerodha, Groww, Mirae, Upstox, etc) then you are now set to be protected against fraud after CDSL implements a new two factor authentication feature on the EASI and EASIEST portal. Read here to know more about this.
ETFs trading at abnormal prices due to high volatility: Check this before investing in mutual fund ETF to prevent avoidable loss
Exchange traded funds NAV: The stock market experienced extreme volatility on June 4 and 5 of 2024. As a result of this volatility the market NAV price of many ETFs showed abnormal premiums or discounts to their indicative i-NAV price. Stock broker Zerodha cautions investors to not buy ETFs if its price is trading at a high premium to its i-NAV value.
Zerodha's investors hold Rs 4.5 lakh cr assets as retail investors swamp markets
The post-pandemic boom for India's markets is well documented as millions of retail investors switched to capital markets from traditional avenues to grow their wealth.
Zerodha's Nithin Kamath on the need to support funding for social enterprises
Zerodha's Nithin Kamath on Monday said the broker is doing everything in its capabilities to support non-profit organisations to raise funds from the public.
Zerodha’s Nikhil Kamath picks up 7% stake in Infra.Market subsidiary for Rs 166 crore
In December 2023, ET had reported that Infra.Market had sold a 10% stake in RDC Concrete for $20 million to public market investors led by Ashish Rameshchandra Kacholia. The round saw participation from investors such as Capri Global Family Office, Verity Knowledge Solutions CEO Sumeet Kanwar and Abhijeet Pai-led Wear Steels.
Prosus writes off Byju's stake; Swiggy, PayU India report card
Dutch investment major Prosus said its investment in Byju’s is worth zero. This and more in today’s ETtech Top 5.
How Sebi action will impact profits of discount stock broking firms like Zerodha and Groww
Market regulator Sebi mandated in its July 1 circular uniform brokerage charges that are not based on volumes. Due to this, tech-first brokers are staring at impact on valuations. Platforms like Shoonya and Mstock charge zero brokerage fees, and they are bracing for impact from Sebi's instructions. Venture fund-backed startups like Groww, Upstox, Zerodha and listed discount broker Angel One will also have to start charging their customers.
ETFs constitute 13% of the total mutual fund industry AUM: Zerodha Fund House
ETFs now constitute close to 13% of the total Mutual Fund Industry AUM indicating the remarkable adoption of ETFs by retail investors in India, according to a study by Zerodha Fund House.
Gold ETFs add over 1.36 lakh new folios in May, fastest in 60 months. AUM per folio 3rd best in 2 years
Gold ETF schemes added 136,772 folios in May, a 12.5% year-on-year increase. Investors are increasingly choosing Gold ETF mutual schemes for reasons like easy availability and low investment ticket size.
Unikon AI raises $2 million in funding from Zerodha's Nikhil Kamath, others
Artificial intelligence (AI) company Unikon AI has raised $2 million in a funding round from Zerodha cofounder Nikhil Kamath, Lenskart cofounder Peyush Bansal, Shiprocket cofounder Vishesh Khurana, Noise cofounder Gaurav Khatri, among others. Unikon.AI is the latest venture by Aakash Anand, the founder of the D2C personal care startup Bellavita, which was acquired by Mumbai-based Ananta Capital.
Why Nikhil Kamath decided against children? Zerodha co-founder talks about adoption and questions the need for legacy
Zerodha co-founder Nikhil Kamath recently discussed his views on parenthood and legacy on his podcast, WTF. Kamath revealed that he once considered adopting a child and conducted thorough research, only to find that current regulations make it nearly impossible for a single Indian man to adopt. He shared that his desire for adoption was driven by a sense of it being "cool" at the time.
Zerodha's Nikhil Kamath on parenthood: 'Don't want to ruin 20 years of my life babysitting'
Zerodha co-founder Nikhil Kamath recently shared his unconventional take on parenthood and legacy on his podcast, WTF. Kamath challenges traditional views, questioning the necessity of having children to carry on a legacy. He emphasizes living well and social responsibility over seeking posthumous recognition. Kamath's commitment to philanthropy, exemplified by joining The Giving Pledge, reflects his values, inspiring others to reconsider societal norms.
SBI Mutual Fund and Zerodha Mutual Fund files draft documents with Sebi
The minimum application amount will be Rs 5,000 and in multiples of Re 1 thereafter. The quant fund will be benchmarked against Nifty 200 - TRI. The scheme will be managed by Sukanya Ghosh and Pradeep Kesavan.
Nikhil Kamath, Manyavar family office may join A91 in Rare Rabbit’s Rs 500 crore funding
Bootstrapped till now, Rare Rabbit clocked revenue of over Rs 600 crore in fiscal 2024, with an operating profit of more than Rs 100 crore, as per sources in the know. Along with Rare Rabbit, the brand's parent company Radhamani Textiles also owns women's premium fashion brand Rareism and everyday wear brand Articale.
Demat accounts cross 15-crore mark for first time after 31 lakh additions in March
While CDSL maintained its market share in terms of total Demat accounts, it saw a month-on-month increase. NSDL saw a decrease of 390bps in market share and 570 bps in incremental Demat accounts YoY
Zerodha Co-founder Nikhil Kamath alerts investors about fake post claiming stocks 'handpicked' by him
Zerodha Co-Founder Nikhil Kamath has alerted investors about not being part of any WhatsApp group that gives stock recommendations.
Why Bengaluru is Nikhil Kamath's favourite city? Zerodha co-founder says Mumbai has 'good-looking people but...'
Billionaire entrepreneur Nikhil Kamath recently praised Bengaluru, India's startup capital, in a YouTube podcast. Despite acknowledging challenges like traffic, he highlighted Bengaluru's standout feature as its people, emphasizing their warmth and love for the city. Kamath also praised Bengaluru's talent pool, calling it unmatched globally for startups due to its access to skilled individuals at a reasonable cost.
Zerodha cofounder Nikhil Kamath invests in Collective Artists Network
This investment, a secondary transaction, facilitates a return of over 5X, via a strategic exit for Naveen Tiwari-founded InMobi’s Glance, which previously invested in Collective in 2021, as per a statement.
Why your MF purchases on June 4 did not go through the same day?
Investors rushed to invest lump sums in equity mutual fund schemes on June 4 after the stock market fell post the electoral verdict. They expressed disappointment on social media as they received the units at the NAV of the next day, missing out on taking advantage of the market rebound.
Zerodha Nifty 1D Rate Liquid ETF crosses Rs 1,000 crore AUM
Apart from the Liquid ETF, the fund house manages three schemes - Zerodha Nifty LargeMidcap 250 Index Fund, Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund and Zerodha Gold ETF.
Zerodha's Nikhil Kamath advice for parents: Gaming isn't a hobby anymore, its a serious career option
Zerodha co-founder Nikhil Kamath advocates for gaming as a serious career path, emphasizing India's market dominance. He discusses industry trends, including the rise of mobile gaming and increasing female gamers, highlighting the growth in pay-to-play models.
Making losses in options trading? Zerodha co-founder Nithin Kamath shares a pro tip
A key advantage of these strategies is the limitation of losses. Regardless of market fluctuations or extreme events, such as circuit breakers or geopolitical turmoil, losses are capped at a predetermined amount.
Sachin Bansal exits Ather Energy selling remaining stake to Hero MotoCorp, Nikhil Kamath
Hero MotoCorp bought this stake at an inferred valuation of Rs 5,636 crore. This is a premium to the Rs 4,666-crore valuation at which the company had invested Rs 140 crore in Ather in December 2023.
Buy-the-dip didn't work for mutual fund investors on election result day due to 'tech glitch'
Mutual fund investors faced disappointment as a technical glitch led to delayed NAV allotment amid a stock market crash. Many investors demanded compensation for losses incurred due to the glitch.
Nazara subsidiary Absolute Sports buys entertainment news site SoapCentral for $1.4 million
SoapCentral.com provides news and other content related to TV shows and mostly focuses on the US audience.
Working from home? Zerodha's Nithin Kamath highlights the benefits of returning to office
Zerodha has a two-day at-home policy for employees to zone out, avoid commuting, and do focused work. The three-day work from office at the same time is aimed at collaboration across teams.
How tech-first stock brokers are diversifying into lending
Stock broking startups are focusing on consumer loans as they look to diversify their business area. Large stock brokers like Groww and Angel One are disbursing strong numbers for personal and consumer loans. Groww is facilitating disbursement of around Rs 250 crore of personal loans every month, while Angel One is handing out around Rs 50 crore monthly.
Lenskart $200M secondary deal; Baron bumps up Swiggy’s valuation
Singapore's Temasek and US-based Fidelity have invested $200 million in Lenskart through a secondary share sale. This and more in today’s ETtech Top 5.
1 lakh investors in 3 months! Zerodha Fund House grabs all eyeballs via passive route
Zerodha Fund House is a joint venture between Zerodha and fintech platform smallcase and is India’s only passive-only fund house providing direct plans to do away with transaction charges.
Zerodha's Nithin Kamath reveals why his phone now remains always silent, blames past 'karma'
Zerodha's Nithin Kamath recently shared on X how his phone now stays silent due to telemarketing calls, attributing it to past karma. Reflecting on his call center days, Kamath humorously noted the irony of his situation. The post garnered over 4,600 views and sparked discussions among users about telemarketing's prevalence and communication's evolution.
