Nithin Kamath, the chief executive officer of Zerodha, talks about how consultations are fine but the final decision with respect to tricky matters should be taken by the leader
"Retail investors, after a long time, seem to have come into the markets after a crash, buying large-cap bluechip equity and are seeing substantial returns," said Nikhil Kamath, co-founder and CIO of Zerodha.
Large number of rookie investors are opening new trading accounts thanks to free ETF units, no fee trading, cash discounts and other incitements
Zerodha, along with other brokers who have adopted new technologies, have been among the few beneficiaries of the lockdown
The discount brokerage firm will spend Rs 60-65 crore for the buyback which is primarily intended to give "liquidity" to its employees as it nears a decade since its founding in 2010.
Startups that offer international trading have reported a spike in new accounts and volumes; large players like Zerodha and Upstox, too, are working on this feature.
The startup is trying to open up bond and debenture investments for retail investors.
The startup hopes to introduce futures and options and also intra-day trading over the next few months.
The brokerage firm has introduced TOTP to protect investors and their data as there has been a spike in cases of phishing since the lockdown in late March.
Tune in to this exclusive interview with Nikhil Kamath, co-founder and CIO True Beacon and Zerodha.
Digitisation and low cost of operations which allows these new age brokers to offer low-brokerage is the reason behind their success.
Its entry could potentially open the gates to more new generation investment startups that intend to coax a small but growing number of people looking to invest directly in stocks.
The brokerage said that the services may take longer than previously anticipated due to COVID-19-led disruptions.
Zerodha founder and CEO Nithin Kamath said such trades could be used by phishers and fraud advisers.
The founder and chief executive officer of the largest stock broker in the country on how his life and work routine have changed these past few days.
Zerodha has asked asked its users to manually transfer funds until e-Mandate transactions are reactivated
Zerodha already permits retail investors to invest in MFs at no additional cost through its product Coin.
Zerodha, which has a market share of 11 percent, currently has around 9.8 lakh active clients.
“Whoever has a better product, wins,” Kamath said.
Zerodha has grown exponentially in last few years in terms of client base as well as revenue
Zerodha started its journey in 2010 with a team of five people. Today, it employs over 1,300 people
ICICI Securities December quarter numbers are a reflection of the damage that is inflicted by discount brokers
Zerodha has 8.47 lakh active clients, a little more than ICICI Securities’ 8.44 lakh clients, according to NSE data
Discount broking is here to stay. Retail clients have just proved that like all Indian consumers, they are price sensitive