The benefit of being passive-only, according to Nithin Kamath, CEO of Zerodha, is that it aligns the incentives for the brokerage and its clients.
The asset management firm (AMC) Zerodha Fund House has surpassed the ₹4,000 crore milestone in asset under management (AUM) in its first year as India's direct-only AMC, according to Nithin Kamath, co-founder and CEO of Zerodha. Kamath announced that this is their first year as India's direct-only AMC on the microblogging site "X.""Without our doing anything to encourage it, our AUM has increased dramatically. Being passive-only has the advantage of aligning our incentives with those of our customers. For us, it removes the risks, and for the customers, it means having access to high-quality, reasonably priced products.
According to Vishal Jain, CEO of Zerodha Fund House, we wish to continue working on three main areas of focus:
Double down on passive: We think India's passive space needs a lot of work. More ETFs and passive funds that allow you to build a long-term portfolio and gain exposure to specific asset classes are likely to become available.
Getting to know the investor: We want to make sure that every transaction is easy and stress-free by providing a smooth and intuitive experience. We want to strengthen our relationship with investors and better serve their requirements by utilizing technology.
Closing the Gap: We want to put even more effort into investor education. B-30 cities, or smaller towns, will remain a primary priority as we work to improve accessibility and financial literacy.
Double down on passive: We think India's passive space needs a lot of work. More ETFs and passive funds that allow you to build a long-term portfolio and gain exposure to specific asset classes are likely to become available.
Getting to know the investor: We want to make sure that every transaction is easy and stress-free by providing a smooth and intuitive experience. We want to strengthen our relationship with investors and better serve their requirements by utilizing technology.
Closing the Gap: We want to put even more effort into investor education. B-30 cities, or smaller towns, will remain a primary priority as we work to improve accessibility and financial literacy.
The group responsible for everything
Without the incredible staff at Zerodha Fund House, none of this would have been possible. Everyone has contributed, from the engineers creating user-friendly products to the seasoned professionals managing the AMC's basic operations.
To our investors
Lastly, we would like to express our gratitude to all of our investors. Your confidence motivates us to improve every day.
We are more eager than ever to continue developing in order to provide you with easier, more intelligent investing options as we enter 2025. Cheers to an even more prosperous and successful year! The thoughts I have stated in this post are entirely mine, made in my own personal capacity, and may not represent those of any other people or organizations.
Without the incredible staff at Zerodha Fund House, none of this would have been possible. Everyone has contributed, from the engineers creating user-friendly products to the seasoned professionals managing the AMC's basic operations.
To our investors
Lastly, we would like to express our gratitude to all of our investors. Your confidence motivates us to improve every day.
We are more eager than ever to continue developing in order to provide you with easier, more intelligent investing options as we enter 2025. Cheers to an even more prosperous and successful year! The thoughts I have stated in this post are entirely mine, made in my own personal capacity, and may not represent those of any other people or organizations.
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