Zerodha's Nithin Kamath on the need to support funding for social enterprises
economictimes.indiatimes.comZerodha's Nithin Kamath on Monday said the broker is doing everything in its capabilities to support non-profit organisations to raise funds from the public.
A social stock exchange allows the listing of not-for-profit organisations on stock exchanges that provides an alternative fund-raising structure. So far, six non-profit organizations have raised money, and Zerodha is said to have supported them.
«There's no online mechanism to donate to these organizations like we have for regular IPOs but I'm hoping this will soon be possible. We will then make it possible for all Zerodha customers to support social sector organizations working on important issues,» said Kamath
«The idea is to show a new section called „giving“ on the console portfolio view, along with stock holdings. This will hopefully nudge people to give a little,» he said.
An SSE will facilitate a common and structured meeting ground between social enterprises and investors with inbuilt regulation for
providing sanctity and accountability of finances.
The synergy between investors and investee in social aims — in view of flexibility of investments and capital that would be available on SSE, the canvas of choice would be much wider allowing investors and investees with similar missions and visions to connect seamlessly.
Performance-based philanthropy, that is, the performance of the enterprises listed on SSE would be monitored thus it will instill a culture of performance-driven philanthropy.
A social enterprise must target underserved or less
