Retail investors 'gambling' in stocks? Nithin Kamath's take on popular view
Nithin Kamath on Friday said the popular narrative that retail investors are clueless may not be fully accurate. According to Kamath, equity investors on Zerodha are sitting with higher overall notional gains than equity mutual fund investors.
«Maybe the popular narrative that retail investors are clueless and “gambling” isn’t fully accurate.
That’s because you would expect direct equity investors to do worse than mutual fund investors,» he said.
Most of Zerodha's AUM was added post-2020, which is one of the biggest bull markets India has seen.
While equity funds saw a slowdown in the pace of inflows, investments through the systematic investment plan (SIP) route hit record high in November.
Investments through SIPs stood at Rs 17,703 crore, compared to Rs 16,928 crore. SIP AUM as of November-end stood at Rs 9.3 lakh crore.
Smallcap funds saw net inflows of Rs 3,699.24 crore in November, though this was lesser than Rs 4,495 crore worth of inflows in October. Midcap funds saw inflows of Rs 2,666 crore.
On the back of strong macro data and BJP's win in recent assembly elections, equity markets posted the longest weekly winning streak in three years, as they rallied to record highs.
Nifty50 and Sensex rose about 3.5% to log their best week since July 2022.
