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NEW DELHI: After pioneering discount broking in India, Zerodha founder Nithin Kamath is aiming to create an Indian version of Vanguard, the Pennsylvania, US-registered investment adviser that offers high-quality, low-cost mutual funds, ETFs, advisory and related services.
The US fund house, founded by John C Bogle and credited as a proponent and major enabler of low-cost investing, is one of the world’s topmost wealth managers with about $6.2 trillion in global assets under management.
Kamath said retirement investing would be his key focus, and he plans to take on established fund houses in this pursuit.
Starting his broking venture on a bootstrap budget, Kamath has changed how India trades in stocks in last 10 years. His disruptive business model uprooted many traditional brokers and has been copied by those who managed to swing with the change.