Nikhil-Nithin Kamath's Zerodha Fund House: ‘3 months, ₹500 crore and…’ - Hindustan Times

Nikhil-Nithin Kamath's Zerodha Fund House: '3 months, 500 crore, 1 lakh investors'. All you need to know

Mar 06, 2024 11:49 PM IST

Zerodha Fund House is the fund management arm of Zerodha which has been founded by brothers Nikhil Kamath and Nithin Kamath.

Zerodha Fund House CEO Vishal Jain said that the fund has reached the milestone of 500 crore AUM in just three months. Zerodha Fund House is the fund management arm of Zerodha which has been founded by brothers Nikhil Kamath and Nithin Kamath. It was launched in October 2023 and has drawn an impressive 1 lakh investors in the period.

Zerodha founders Nithin and Nikhil Kamath.
Zerodha founders Nithin and Nikhil Kamath.

Read more: Who is Bill Gates' girlfriend Paula Hurd with whom he attended Anant Ambani-Radhika Merchant pre-wedding celebrations

In the podcast GrowthX on YouTube, Vishal Jain said, “Three months, 500 crores, 1 lakh investors is what we've reached - first milestone of ours. We hope that this base goes on and we're able to achieve greater heights as we move ahead.”

Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now! Download Now!

Read more: Watch| Shark Tank India's Namita Thapar on period problems: ‘Tough phase…’

On the Indian market, he said, “The industry is heavily tilted towards building products and processes for institutional investors and HNIs. There is still a huge population out there which you need to cater to. I don't think that having 42 AMCs (Asset Management Companies) is too large. I think the population that you have not targeted is so huge that even if more people come into the market, I think they'll still be small.”

"To throw some numbers at you. There are over 50 crore people who have linked their PAN with Aadhaar. There are 10 crore people, last when I saw, who have invested in crypto. There are 80 crore people using e-commerce. So, there are people using a lot of stuff online, consuming a lot of things online but they don't seem to be buying mutual funds at that pace," he added.

Read more: Long bank holiday weekend: Banks are closed in these states from 8-10 March due to Mahashivratri

Zerodha Fund House' success is based on simplicity, he said, explaining, “We think that if you're able to simplify the entire process, if you're able to build the right kind of journey for these investors, we think that's how penetration will start happening. That's what we want to focus on and we are focusing on in the organisation.”

Tell us what your First Vote will stand for in a short video & get a chance to be featured on HT’s social media handles. Click here to know more!

Get Current Updates on India News, Elections 2024,, Election 2024 Date along with Latest News and Top Headlines from India and around the world.
Share this article

    Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered.

Story Saved
Live Score
Saved Articles
My Reads
Sign out
New Delhi 0C
Thursday, May 23, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On