Zerodha Co-Founder Nikhil Kamath has alerted investors about not being part of any WhatsApp group that gives stock recommendations. The Indian entrepreneur shared a picture on his official X handle saying that it was not him and called it a “Scam”. Kamath’s tweet came after a social media post did a round in his name … Read more
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. In a startling fact revealed by Zerodha’s Nithin Kamath, investors on Kite hold as much as Rs 4.5 lakh crore worth of assets in their demat accounts. “It’s unreal how … Read more
Brokerage firm Zerodha’s CEO Nithin Kamath today shared insights on the debate between investing in active or passive funds. Kamath, speaking on X, said “It’s getting increasingly harder for active funds to outperform their benchmarks.” “It’s a no-brainer to opt for low-cost index funds as the core of your portfolio. You can complement that with … Read more
Nearly 43 lakh new demat accounts were added in February taking the overall tally to 14.80 crore accounts according to estimates by Motilal Oswal. Meanwhile, the average monthly additions were 21 lakh in FY23. Central Depository Services (India) Limited continued its market dominance gaining market share in February 2024 in terms of the total number … Read more
Traders on India’s second largest broking platform Zerodha on Monday were hit by a technical glitch in the morning which was resolved later on. Affected traders were seen asking for compensation for the loss on social media. “Due to a connectivity issue, some of our users were intermittently facing issues with order placement on Kite. … Read more
Discount broking platform Groww, which has gradually become the No.1 stock broker in India with 21% market share by beating Zerodha, on Tuesday faced a technical glitch on its trading app which was resolved later on.“We apologize for the inconvenience. Our team is addressing a technical issue and working to resolve it promptly. Your patience … Read more
Facing social media backlash over a series of technical glitches in the last few months, Zerodha Co-founder and CEO Nithin Kamath said it is impossible for such tech companies to have zero glitches. “We deeply regret the incidents that happened this year and needless to say, we strive and work round-the-clock to minimize the probability … Read more
