Who is the biggest investor of Zerodha?

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Who is the biggest investor of Zerodha?

Nikhil Kamath
Nikhil Kamath Nikhil is an astute and experienced investor, and he heads financial planning at Zerodha.

Who invested in Zerodha?

History. Zerodha was founded in 2010 by Nithin Kamath and Nikhil Kamath. The name Zerodha is a portmanteau of words Zero and Rodha (Sanskrit word for barrier). In June 2020, Zerodha attained a self-assessed valuation of over $1 billion based on ESOP buyback at more than four times the book value of ₹700 per share.

Is Zerodha good for investors?

Yes, Zerodha is as safe as any other stock broker in India. Zerodha is a genuine and trusted stock broker. They are among the lowest risk broker for the following reasons: Unlike other large brokers, Zerodha offers broking services only.

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What does Nithin Kamath do?

Zerodha chief executive officer Nithin Kamath.

Does Zerodha give interest?

No, Zerodha doesn’t give interest on the money held in the trading account. Zerodha also doesn’t accept personal FDs as margin for trading.

Is it free to buy mutual funds from Zerodha?

Apart from this, the investor can also purchase mutual funds from Zerodha’s Coin- a mutual fund platform. From the above infographic, it is clear that buying shares for delivery and buying mutual funds is completely free.

Who is the founder and CEO of Zerodha?

Nithin is the founder and CEO of Zerodha. Nikhil is the younger one amongst the brothers and is a brilliant trader. At Zerodha, he manages the prop trading desk, risk management and everything related to trading. As of today, Zerodha has a team of over 1300 employees.

How did Zerodha become India’s No 1 broker?

Before the advent of discount broking in India, the conventional brokers used to charge very high brokerages on every buy and sell trade. Zerodha with the new concept completely shook the industry and within 10 years become India’s No.1 broker with ~9-10 lakh clients on its platform.

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What is the net profit of Zerodha in 2020?

Zerodha had a profit of INR 592 Cr in FY2020, as per the financials for Zerodha Broking Limited. Zerodha has got a total client base of more than 1.6 million, Zerodha earned revenue of ₹850 crores in the financial year 2019. The claimed net profit on this revenue was ₹350 crores in 2019