Nithin Kamath News

Never neglect any problem they cause. Whether it’s something as mundane as itching or something more alarming as pain or a prominent lump, ignoring any discomfort pertaining to your breasts may lead to irreversible health problems. Once thought to be an ‘older woman’s disease’, breast cancer is increasingly becoming frighteningly common among young women- below 40.

Indian startups have shed more than 30,000 jobs. Investors now worry that companies in their portfolio will never make money. Heavy losses by Indian “unicorns" (unlisted companies worth $1bn or more) bear this out.

Zerodha values itself at around Rs 30,000 crore, or approximately $3.6 billion. While the Bengaluru-headquartered company has never raised private capital, it makes public its valuation estimates for its employee stock options buyback programmes. On September 26, Zerodha announced an overall revenue of Rs 6,875 crore for fiscal 2023, and a profit after tax of Rs 2,900 crore. Taking to LinkedIn, Nithin Kamath, chief executive officer of Zerodha, said he values the company at 10 to 15 times of its PAT.

₹2900 crore from ₹2094 crore in the fiscal before. The revenue of the company grew by 35.5% to ₹6875 crore in FY23 from ₹4694 crore during the fiscal year 2022. A day after the financial results came out, Zerodha founder and CEO Nithin Kamath shared a long post on X on how Zerodha's valuation is higher than calculated.

₹200 to open a demat account. In its update, Zerodha explains why it has kept the account opening charge at a nominal rate. ‘’There is an actual cost (KYC, documentation, eSign, human verification, etc.) that is incurred while opening an account.

mental health, brokerage firm Zerodha's founder Nithin Kamath has shared tips to cut down this addiction and live a more peaceful life. Since the arrival of apps like Facebook, Twitter, Instagram, and Snapchat, the urge to receive 'maximum' likes and 'positive' comments has become a big distraction in everyday life. Besides, the constant need for dopamine hits from likes and shares triggers to post things even when there is nothing to share.

Pee Safe, a hygiene and wellness brand has raised $3 million in a Series B funding round led by Natco Pharma Limited, and Rainmatter Health. Nithin Kamath and Nikhil Kamath, founders of Zerodha. Alkemi Growth Capital, an existing investor, also participated in the round. «This funding will accelerate our expansion efforts and establish us as the leading brand in the rapidly growing intimate wellness sector, which boasts a remarkable CAGR of 16%,” Vikas Bagaria, founder and CEO of Pee Safe adding that over the past five years, the brand has achieved a growth rate of 100% CAGR, surpassing market expectations.

heatwave was unprecedented and the most intense in the last 70 years, severely affecting millions of people in South Asia, according to new research from India. Such heatwaves are expected to increase in the near future, enhancing heat accumulation in the region and threatening food, water and energy security in the region, the study from institutes including IIT-Gandhinagar and IIT-Jodhpur, said. South Asia faced five continuous heatwave spells that lasted about 35 days during late February and April 2022, affecting a large part of the region. The heatwave lasted for a longer duration and had more spells than the historical heatwave events, compared to the historical heatwave events during 1950-2021, the study published in Environmental Research Letters said. Exceptional heating with more than 3.9 degrees Celsius rise in maximum temperature was experienced by majority region of South Asia, which includes countries such as Afghanistan, Pakistan, Bhutan, Nepal and Sri Lanka, along with India, the study found after analysing observational datasets from National Oceanic and Atmospheric Administration, US, and European Centre for Medium-Range Weather Forecasts Reanalysis version 5 (ERA5). The study projected an increase in frequency of mega heatwave, more severe than that of 2022, in a warming planet under all types of emissions scenario.

₹319.10 lakh crore on Thursday, driven by an optimistic trend in equities, where Sensex recorded its fifth straight day rally.On Thursday, FIIs continued to divest from the Indian market as FIIs offloaded ₹3,245.86 crore. Meanwhile, DIIs infused ₹10,202.87 crore and offloaded ₹247.46 crore.Oil prices fell for a second session weighed down by lingering concerns over slower global demand, but were still headed for a second consecutive weekly gain amid expectations of tightening supplies.On Thursday, SBI Funds Management Ltd, the country's largest asset management company, acquired approximately 8% of the stake in Nazara Technologies Ltd, an online gaming firm, for a total of ₹410 crore.

₹410 crore, which follows the 4 September ₹100 crore surprise investment by Nikhil and Nithin Kamath, the founders of India’s largest brokerage Zerodha Broking Ltd. Nazara Tech, which has staged a stellar rally this year and gained over 39% in the last three months, said the firm will issue 5.74 million fresh shares on preferential basis to three MF schemes of SBI Mutual Fund at ₹714 apiece. SBI MF had around ₹7.6 trillion in average assets under management for the June quarter as the country’s largest fund manager.

capital market regulator Securities Exchange Board of India (SEBI)published a consultation paper on regulating finfluencers. The SEBI published a consultation paper in August on the affiliation of registered intermediaries with "finfluencers," or digital and social media influencers who primarily operate in the fields of business and financial literacy.

Old Bridge Capital Management (OBCM) has received the Securities and Exchange Board of India’s (Sebi’s) approval to start its mutual fund operations under Old Bridge Mutual Fund. Kenneth Andrade, Founder of OBCM, said, “We are delighted to receive this licence to commence operations for Old Bridge Mutual Fund and will be launching our maiden actively managed equity scheme. As we move forward with our newly acquired licence, we remain committed to providing investors with long-term investment solutions on its mutual funds platform as well.” Old Bridge Capital Management was incorporated in December 2015 and the company is registered with Sebi as a portfolio manager. OBCM’s media release on Wednesday claimed that the company was also an investment manager and sponsor to a Sebi-registered Category III Alternative Investment Fund named Old Bridge Capital AIF. The company website claims that Andrade has managed a portfolio of over a billion dollars with a track record of beating the benchmark every year since 2006. OBCM manages equity portfolios through two structures — Portfolio Management Services and Category III Alternative Investment Funds — the release said. Earlier, Reliance Industries Ltd’s financial services arm Jio Financial Services (JFS) and BlackRock have signed an agreement to form a 50:50 joint venture to offer investment solutions.

Asset Management Ltd., one of India's newest fund houses, is getting ready to introduce mutual fund schemes. Zerodha has submitted draft offer documents to the market regulator for the launch of two schemes, the Zerodha Tax Saver (ELSS) Nifty Large Midcap 250 Index Fund and the Zerodha Nifty Large Midcap 250 Index Fund (ZN250), in accordance with its mandate to establish passive schemes.

Zerodha founder and chief executive Nithin Kamath said that regulations made for a few people who are misselling, can potentially hurt the livelihood of the entire referral industry. Kamath, on his community platform TradingQnA, said that Sebi’s consultation paper is in the right direction and will “disallow any registered intermediary with SEBI to associate in any way with anyone who is acting like an advisor or analyst without being registered”. However, he added that “the solution to this isn’t as easy if you think of the overall structure of the capital markets”.

Also read: Women Equality Day today: Know significance and history In his recent post on X (formerly Twitter), Nithin Kamath said, “Empowering women to join the workforce is an obvious way to increase our economic growth. Our female labor force participation rate is among the lowest in the world." He also underlined thed drastic fall in female labour force participation rate from 30% to 20% post 90s era.

Currently, the country's population stands at 1.4 billion, which is about 18 per cent of the global total. Businessman Nithin Kamath, who recently made it to the Forbes World's Billionaires List of 2023 with his business partner and brother Nikhil, shared a dangerous assumption that can hamper the founders and investors in the country. The assumption that a certain percentage of India's population will become customers due to a similar trend in developed countries is risky for founders and investors.

Helios Capital recently shared that market regulator Sebi approved Helios Mutual Fund. "I am very happy to announce that SEBI has granted approval to Helios Mutual Fund. We need your wishes and support to make this new venture a success," Arora tweeted on Thursday.

mutual fund market in India is on the rise in the last five years. It is expected to thrive further with the addition of new players like Mukesh Ambani's Jio Financial Services, Nithin Kamath's Zerodha AMC, and Samir Arora's Helios Capital. Nithin Kamath's broking firm Zerodha has received final approval from the Securities and Exchange Board of India (Sebi) to set up an asset management company, its founder and CEO Nithin Kamath said on Friday.

NIFTY 50 ETF will be taxed like an equity mutual fund, a 10-year G-Sec ETF will be taxed as a debt mutual fund. Capital gains from a net asset value (NAV) rise are regarded as long-term capital gains (LTCGs) in case the equity ETFs are held for more than 12 months.

Zerodha Fund House we are building in partnership with Smallcase. Our motivation to start a mutual fund was twofold. The first was that the biggest challenge and opportunity for Indian markets is shallow participation.

Amid rising cases of harassment by predatory loan applications, Zerodha founder Nithin Kamath warned people of being aware of shady applications. He also reminded people of laws available for their protection in such cases. He also advised people who are victims of such fraud cases to immediately file a complaint at https://cybercrime.gov.in or call 1930.