Latest Nithin Kamath News & Updates

New Delhi, July 9 (IANS) Zerodha founder and CEO Nithin Kamath on Thursday took a swipe at rival platforms on X after Groww, one of India’s largest retail brokers by active users, began offering regular mutual funds through its subscription service Groww Prime.In a social media post, Kamath said many platforms that launched direct mutual fund offerings around the time Zerodha introduced its Coin platform have since “disappeared or pivoted to something else.”Remaining competitors are “ret…

New Delhi, July 9 (IANS) Zerodha founder and CEO Nithin Kamath on Thursday took a swipe at rival platforms on X after Groww, one of India’s largest retail brokers by active users, began offering regular mutual funds through its subscription service Groww Prime.In a social media post, Kamath said many platforms that launched direct mutual fund offerings around the time Zerodha introduced its Coin platform have since “disappeared or pivoted to something else.”Remaining competitors are “ret…

New Delhi, June 13 (IANS) Zerodha founder Nithin Kamath and Capitalmind Mutual Fund CEO Deepak Shenoy have drawn attention to restrictions imposed by US brokerage Fidelity on investors seeking to sell shares acquired in the recent SpaceX IPO, contrasting the practice with India’s regulatory framework.Under Fidelity’s policy, investors who sell their allotted SpaceX shares within 15 calendar days of the stock’s trading debut — a practice known as flipping — risk losing access to future IPO allo…

New Delhi, May 10 (IANS) Nithin Kamath has raised concerns over the way Indian investors continue to fall for unsuitable financial products despite easier access to financial education and online information.In a post on social media platform X, the Zerodha co-founder said that while India has witnessed a massive rise in first-time investors entering mutual funds, stocks and insurance products, many continue to repeat the same financial mistakes year after year.“When it comes to personal finan…

Mumbai, Jan 31 (IANS) Zerodha co-founder Nithin Kamath has raised concerns over the repeated increase in Securities Transaction Tax (STT), saying that higher taxes are slowly hurting trading activity in the markets.In a recent social media post, Kamath explained that STT was introduced at a time when long-term capital gains (LTCG) tax was removed.However, even after LTCG was brought back, STT has continued to rise with every Union Budget.He said that as a market participant, he always hopes for …