Amidst the political uproar surrounding ‘inheritance tax’ in India, an old video featuring Nikhil Kamath, co-founder of Zerodha, where he is discussing the issue with Mint, has surfaced. In the video, Kamath expresses his support for inheritance tax in India. “When wealth is passed down from one generation to another, there needs to be a …
In a world of neat labels and professions, it is difficult to assign one to Nikhil Kamath. He is the co-founder of India’s largest brokerage, Zerodha. But he is also a hedge fund founder (True Beacon), a prop tech and private equity investor (Gruhas) and a podcaster and influencer (WTF). “I enjoy doing your job …
Indian online brokerage platform Zerodha went down early morning on Monday after it was hit by a technical glitch. The issue was resolved later during the day. Zerodha is the second-biggest online brokerage platform in India. The company acknowledged the issue on social media platforms. “Due to a connectivity issue, some of our users were …
Nithin Kamath on Friday said the popular narrative that retail investors are clueless may not be fully accurate. According to Kamath, equity investors on Zerodha are sitting with higher overall notional gains than equity mutual fund investors. “Maybe the popular narrative that retail investors are clueless and “gambling” isn’t fully accurate. That’s because you would …
Paying his respects to Charlie Munger, Zerodha Founder, and Chief Executive Officer Nithin Kamath on Wednesday said that Munger’s ideas had a tremendous influence on him.Munger was the Vice Chairman of Berkshire Hathaway, a conglomerate run by Warren Buffet. He passed away on Tuesday at the age of 99 in a California hospital.”I had written …
Diversified gaming and sports company Nazara Technologies on Thursday approved Rs 410 crore preferential issue of equity shares of face value of Rs 4 to SBI Mutual Fund. The company will issue over 57.42 lakh equity shares at a price of Rs 714 per equity on a private placement basis. The funds will be invested …
Exchange Traded Funds (ETFs) have grown tremendously in the last few years. As per the data available on the NSE website, there are over 174 ETFs as on June 30, 2023. An ETF is a passive form of investing that invests in a basket of securities that mostly tracks a certain index. It tries to …