Zerodha CEO bats for more fintech in India s mutual fund space
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The problem with India s mutual fund industry is that it s very complex for retail investors. Fintech startups can change that, Zerodha CEO Nithin Kamath says.
ETMarkets.com
With over four million traders, Zerodha is the largest retail broking platform in India. Nithin Kamath, founder and CEO, in an interview to Ashwin Manikandan, talks about sustainable innovation, growth and ambitions. Edited excerpts:
What is the long-term innovation that you’re aiming to achieve at Zerodha?
In the long term, the aim is to use our financial services skills to, perhaps one day, create a completely digital green asset. For instance, like we have the Bitcoin that derives its value from a set of complex mathematical solutions, a green asset can be backed by an indestructible environment-friendly capital in the future. This will, of course, be a non-profit idea which will enable something that is sustainabl