Tag: Zerodha

Zerodha Kite launches ‘Notes’ feature to help investors track stocks: How to use it?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Nithin Kamath-led Zerodha has introduced a new feature called ‘Notes’ on its Kite platform. This is aimed at helping users keep track of why they are monitoring specific stocks.

This feature allows clients to add personalised notes for each instrument they add to their marketwatch.

On the social media platform X, previously known as Twitter, Zerodha said, “You can easily add a quick note about why you are interested in a stock right in your marketwatch.”

Introducing notes on Kite web.

At any given point in time, you may be tracking multiple stocks for different reasons. Even if you add the stocks on your marketwatch, it’s hard to remember all the reasons why you added them. Now, you can easily add a quick note about why you are… pic.twitter.com/Su7AKm34Ip

— Zerodha (@zerodhaonline) May 14, 2024

The ‘Notes’ feature is currently available on the Kite website and will soon be rolled out to the Kite app.

This tool will enable users to write specific reasons for tracking each stock, such as “Check after lunch” for State Bank of India, directly in their marketwatch.

These notes can be revisited later, providing context and aiding in decision-making.

Nithin Kamath also highlighted the utility of this new feature in a tweet: “Have you checked out the notes feature on Kite Web?”

Have you checked out the notes feature on Kite Web? pic.twitter.com/4gTcGJN4vX

— Nithin Kamath (@Nithin0dha) May 14, 2024

He emphasised that the feature will help users by allowing them to remember the specific reasons for adding instruments to their marketwatch.

How to use the Notes feature on Kite:

Adding a Note:

Step 1: Click on the ⋯ (more options) next to the instrument.

Step 2: Select ‘Notes.’

Step 3: Type out the reason for adding the instrument.

Step 4: Click on ✓ to save the note.

Hiding Notes:

Step 1: Go to ‘Settings.’

Step 2: Unselect ‘Show notes.’

Users can save notes by pressing Ctrl + Enter and can close them with the ✖ or Esc key without saving changes.

However, if an instrument is removed from the marketwatch, the corresponding notes will also be deleted and will not reappear even if the instrument is added again.

Each note can contain up to 512 characters.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

‘What if they leave after 18’: Nikhil Kamath explains why he doesn’t want kids

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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India’s youngest billionaire and Zerodha co-founder, Nikhil Kamath, is known for his unconventional philosophy about life and stirring discussions with his unusual comments. Now, Kamath has opened up about parenthood, saying he doesn’t want to have kids. He also spoke about not believing in the practice of continuing ‘legacy.’ Kamath’s remarks went viral instantly, drawing divided reactions across social media platforms.

Why Nikhil Kamath doesn’t want children

In the recent episode of his podcast, the Zerodha co-founder explained the reason why he doesn’t want to have kids, stating, “I’m going to ruin 18–20 years of my life babysitting this child, and then, if luck serves me right, the reverse will happen at some point. What if he says ‘scr** you’ at 18 and leaves anyway.”

Further sharing his own viewpoints about the idea of ‘legacy,’ Kamath asserted that everyone is born and dies in the same manner as every other animal on the planet, and nobody remembers them later. “I think we all feel that we are more important than we actually are… What’s the point of being remembered? I feel like you should come, you should live well, and you should be nice to the people you meet in your life,” he said.

This is not the first time that Nikhil Kamath has shared such views about having kids. Mentioning that he doesn’t believe in kids, Kamath once said, “I don’t believe in marriage or having kids. Being alone, we think, is a bad thing, as society has made us believe that. However, the ability to evolve is the highest in isolation.”

Meanwhile, the businessman’s latest comments have sparked debate on the internet, with reactions from users. A user wrote, “Nobody should be judged for whether they want kids or not; it’s a deeply personal choice. Mother Teresa, for example, wouldn’t have become who she was if she had her own biological kids. Sure, having children is important for keeping the human race going, but everyone’s journey to fulfilment is different,” while another commented, “Kids are part of the life cycle. Enjoy the experience like you enjoy every other thing. Some things in life are not meant to be skipped.”

“He is 100% wrong about this and will regret it later, sad that this will affect so many young people as he is an influential figure,” another one opposed his comments.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

This is Zerodha Fund House’s first mutual fund scheme to cross ₹1,000 crore AUM

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Zerodha Fund House’s (ZFH’s) Growth Liquid Exchange Traded Fund (ETF) has become the first mutual fund scheme under its banner to exceed the ₹1,000 crore Assets Under Management (AUM) threshold.

Dubbed the Zerodha Nifty 1D Rate Liquid ETF, this fund distinguishes itself as India’s first Liquid ETF with Growth Net Asset Value (NAV).

Launched earlier this year on January 24, 2024, the Zerodha Nifty 1D Rate Liquid ETF tracks the performance of the Nifty 1D Rate Index.

This scheme assesses the returns generated by market participants lending in the overnight market.

With a primary focus on investing in TREPS (Treasury Bills Repurchase) traded on the CCIL (Clearing Corporation of India Ltd) platform, the ETF provides investors exposure to overnight debt products backed by treasury bills.

Its structure facilitates transitions between equity and cash within the same settlement.

Deepak Shenoy, Founder of Capitalmind said, “LIQUIDCASE is the innovation this market was waiting for so it is not surprising that it is gaining traction in the market. It removes dividend accounting and tracking hassle, making it simple to use to take cash positions.”

He emphasised the ETF’s ability to execute large-volume transactions close to NAV.

This ensures minimal slippage and maximises investor returns.

Liquid ETFs like LIQUIDCASE predominantly allocate funds towards overnight debt securities such as Tri-Party Repo, Repo, Government Securities, Reverse Repos, and similar instruments.

Notably, approximately 99% of LIQUIDCASE’s allocation is directed towards Tri-Party Repo, traded through the CCIL platform and fully collateralised by government securities.

ALSO READ | Total demat accounts increased to 154 million in April: Motilal Oswal

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

The viral video of Zerodha’s Nikhil Kamath backing inheritance tax is an old one

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Startup Digest: Byju’s shareholders approve rights; India CEO resigns, ShareChat raises $49 million & more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Byju’s shareholders approve rights; India CEO Arjun Mohan resigns

Byju’s shareholders have approved rights issue aimed at tackling the liquidity crunch, including unpaid salaries, regulatory dues and vendor payments.

In a statement, the edtech said that shareholders have approved an increase in authorized share capital by a 55% majority. Byju’s further added that the voting process, which included both the EGM and a postal ballot that concluded on April 6, 2024, has been duly scrutinised by an independent third party. Culmination of the rights issue will set the stage for the launch of BYJU’S 3.0, the firm added.

While the successful rights issue provides Byju’s with the necessary financial resources, the firm is currently unable to utilize the proceeds. The National Company Law Tribunal has prohibited the edtech company from using the proceeds from the rights issue. The next hearing on the matter is scheduled for April 23.

The move comes hours after the beleaguered edtech announced the exit of CEO Arjun Mohan amid a major reorganisation. Founder and Group CEO Byju Raveendran will now spearhead day-to-day functioning as the firm looks to streamline operations.

Nikhil Kamath launches a non-dilutive grant fund for young entrepreneurs

Zerodha co-founder Nikhil Kamath, has launched a non-dilutive sector-agnostic grant fund WTFund which will back entrepreneurs aged 25 and under. The fund will select 40 entrepreneurs for funding and mentorship over one year following a screening process.

The WTFund will offer a package including a non-dilutive grant of ₹20 lakh and will enable founders to retain full equity in their ventures. The support will be offered until entrepreneurs are able to secure their first institutional funding, a statement said.

Entrepreneurs will access to operator-first mentorship pods, a vibrant community through the WTF ecosystem, a Go-To-Market (GTM) studio, beta testing, and feedback opportunities, as well as talent acquisition channels through an internship program, a fractional CXO database, and moonlighting opportunities.

The fund said that it is searching for the top 1% of young entrepreneurs. The WTFund is open to investing in all sectors. It will accept applications from the WTF Website.

ShareChat raises $49 million via convertible debentures from existing investors

Homegrown social media platform Sharechat has raised $48.89 million in a debt round led by existing investors Lightspeed, Temasek, Alkeon Capital, Moore Strategic Ventures and HarbourVest, amongst others.

The fresh funding will help the firm invest further in its ad targeting technology as well as continue the growth of its consumer transactions business on ShareChat Live and Moj Live.

The ShareChat app is already operationally profitable, and the short video app Moj is expected to achieve operational profitability over the next few months, the firm said in a statement.

Lighthouse Funds invests ₹700 crore in Parsons Nutritionals

Private equity fund Lighthouse Funds has invested ₹700 crore in Parsons Nutritionals, a contract manufacturer in the FMCG space. The investment in Parsons is the third investment from the newly raised fourth private equity fund, Lighthouse India Fund IV, the company said in a statement.

Co-investors of Lighthouse, including the International Finance Corporation (IFC), a member of the World Bank Group, Evolvence India, HDFC AMC’s Fund of Funds, and other leading family offices, also took part in the investment, it added without disclosing further details. The Rainmaker Group acted as the exclusive financial advisor on this transaction, the statement said.

Parsons manufactures packaged food and beverages such as cookies, biscuits, chocolates and confectionery, malted beverages, and ready-drink mixes for many leading Indian and global FMCG companies operating in India. It has recently forayed into manufacturing personal care categories such as shampoos and soaps.

JJG Aero gets $12 million from CX Partners

Aerospace components manufacturer, JJG Aero, has secured $12 million (₹100 crore) in its maiden funding round led by CX Partners.

As per the startup, the funds will be used primarily for increasing its manufacturing capacity at its new facility, further vertical integration, and other corporate initiatives. 

JJG Aero specializes in manufacturing build-to-print high-precision machined components, with in-house special process finishing capabilities. The firm’s clients include marquee American and European OEMs and Tier-1 vendors.

ClaimBuddy secures $5 Million in Series A Funding round from BIF and others

ClaimBuddy, a health insurance claim assistance platform, has bagged $5 million in Series A funding round led by Bharat Innovation Fund, along with participation from Japanese fund CAC Capital, and existing investors including Chiratae Ventures and Rebright Partners.

As per the firm, this investment will help ClaimBuddy advance its technology, expand its team and sales network, and add new product lines for its growing network of Hospitals.

Since its inception, ClaimBuddy claims to have processed claims for over 35,000 patients, valued at over 500+ Crores, and has established collaborations with 250+ partner hospitals across India.

Husk Power Systems raises $4 million to boost clean energy in rural India

Provider of decentralised solar-hybrid minigrids Husk Power Systems has secured an additional $4 million in debt financing from the EU-funded impact investment facility ElectriFI, which is managed by EDFI Management Company (MC).

This new funding builds upon ElectriFI’s initial $6 million investment in September 2022. “In total, the $10 million from EDFI MC is an important enabler for Husk to scale its minigrid footprint in India, and achieve an even greater impact on tens of thousands of lives and livelihoods,” said Manoj Sinha, co-founder and CEO, Husk Power Systems.

The company said that it delivered reliable, clean electricity to remote communities, households, micro, small and medium-sized enterprises (MSMEs) and factories in rural areas without grid connection or where the grid was not providing reliable electricity.

RevOps startup Clientell raises $2.5 million from Blume Ventures

Clientell, an early-stage RevOps startup, has raised $2.5 million in a seed funding round led by Blume Ventures with participation from Chiratae Ventures, Artha Venture Fund and Silicon Valley based Z5 Capital.

The funds currently raised will be used for strengthening the product and expanding the team, the firm said in a statement. The company had previously raised $600,000 (about Rs 5 crore) from Chiratae Ventures and Artha Venture fund.

“Clientell is targeting the leaky revenue bucket and the lack of comprehensive revenue intelligence and predictability for enterprise sales teams. As AI penetrates different functions of the enterprise, an AI first end to end connected approach will help sales teams to benefit immediately from deeper insights on their deals and revenue milestones – which Clientell’s platform can unlock,” said Sanjay Nath of Blume Ventures.

Caret Capital and Peyush Bansal invest in TraqCheck

AI-Based employee background verification startup TraqCheck has raised an undisclosed amount of funding from Caret Capital, a sustainability fund that makes investments in employment, distribution, and mobility.

Lenskart CEO Peyush Bansal also participated in the funding round through his family office Culture Cap. Founded in 2020, TraqCheck enables enterprises to onboard employees significantly faster and more accurately at a lower cost than traditional methods.

“We remain focused on advancing and implementing new AI technologies to drive innovation in the background verification industry by enhancing hiring speed, cost efficiency and accuracy,” said Armaan Mehta, Jaibir Nihal Singh, and Rishabh Jain, the Founders of TraqCheck in a joint statement.

GrowthCap Ventures leads maiden funding round in Advance Mobility

Early stage venture capital firm GrowthCap Ventures has forayed into the mobility sector with its maiden investment in Advance Mobility, a ridesharing mobility startup.

The VC said that the investment signals its commitment to fostering innovation and driving growth within the rapidly evolving mobility industry.

“As India’s infrastructure and transportation sectors undergo significant transformations, fueled by the government’s robust initiatives and investments, the potential for innovative mobility solutions is unprecedented. Advance Mobility, with its unique combination of finance, technology, and an enhanced mobility solution, is perfectly positioned to lead this transformation,” said Pratekk Agarwaal, Founder and General Partner at GrowthCap Ventures.

IVCA elects new executive committee

Industry body for alternative assets Indian Venture and Alternate Capital Association (IVCA) has elected its new executive committee (EC) for the term spanning 2024 to 2026.

Ashley Menezes of ChrysCapital has been appointed as the Chairperson of the EC, while Sriniwasan Subramanian (Srini) of Kotak Alternate Asset Managers Limited has been appointed as the Vice-Chairperson.

The executive committee will comprise 14 elected members and seven co-opted members and special invitees. A record 59 nominations from member funds were received this year, a statement said.

Global technology & startup news

Tesla to lay off more than 10% of staff globally as sales fall

Tesla will lay off more than 10% of its global workforce, an internal memo seen by Reuters shows, as it grapples with falling sales and an intensifying price war for electric vehicles.

The world’s largest automaker by market value had 1,40,473 employees globally as of December 2023, its latest annual report shows. The memo did not say how many jobs would be affected.

Some staff have already been notified of layoffs. “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Tesla CEO Elon Musk said in the memo.

Apple loses top phonemaker spot to Samsung

Apple’s smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from research firm IDC showed.

Global smartphone shipments increased 7.8% to 289.4 million units during January-March, with Samsung at 20.8% market share, clinching the top phonemaker spot from Apple.

The iPhone-maker’s steep sales decline comes after its strong performance in the December quarter when it overtook Samsung as the world’s number one phone maker. It’s back to the second spot, with 17.3% market share, as Chinese brands such as Huawei gain market share.

Meta to temporarily shut down social media platform Threads in Turkey

Meta Platforms said it would temporarily shut down its social media platform Threads in Turkey from April 29 to comply with an interim order of the Turkish competition authority.

There would be no impact to Meta’s other social media platforms and services including Facebook, Instagram and WhatsApp in Turkey, the company said in a blog post.

Last month, the country’s competition authority imposed an interim measure on Facebook parent Meta meant to hinder data sharing between the Instagram and Threads platforms as it investigated possible abuse of the company’s dominant market position.

OpenAI bids for Japan business as it opens Tokyo office

Microsoft backed artificial intelligence startup OpenAI made a pitch for business in Japan as it opened its first Asia office in Tokyo.

“This is just the first step in what I hope will be a long-term partnership with the people of Japan, government leaders, businesses and research institutions,” OpenAI CEO Sam Altman said in a video message.

The startup, which has caused excitement among consumers since the launch of its ChatGPT generative AI chatbot in late 2022, is looking to grow new sources of revenue globally.

Microsoft-backed Rubrik aims to raise as much as $713 million in IPO: Report

Cybersecurity software firm Rubrik, which counts Microsoft among its prominent investors, and is aiming to raise as much as $713 million in its initial public offering, Reuters reported.

Palo Alto, California-based Rubrik is planning to sell 23 million shares priced between $28 and $31 per share.

At the upper end of the range, Rubrik would be valued at about $5.4 billion. Rubrik’s plans to go public come as the US IPO market is showing early signs of a rebound after stock market launches froze up during most of 2022 and 2023.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Nikhil Kamath launches WTFund with ₹20 lakh grants for young entrepreneurs

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Nikhil Kamath, co-founder of Zerodha, has introduced the WTFund, a non-dilutive grant agnostic fund aimed at empowering young entrepreneurs aged 25 and under.

One of the first of its kind, the fund targets individuals who have the potential to revolutionise their industries through innovative ideas and compelling visions, a statement issued said.

WTFund will offer a package including a non-dilutive grant of ₹20 lakh.

This will enable founders to retain full equity in their ventures.

Additionally, the fund will provide access to operator-first mentorship pods, a community through the WTF ecosystem, a Go-To-Market (GTM) studio, beta testing, and feedback opportunities, as well as talent acquisition channels through an internship program, a fractional CXO database, and moonlighting opportunities.

Nikhil Kamath said, “Young founders tend to create the most impact within entrepreneurship. At WTF, our goal is to cultivate a culture that encourages young entrepreneurs to embrace risk by providing a comprehensive support system. We are excited to launch the fund and see where it goes.”

Forty young entrepreneurs aged 25 or younger will be selected for funding and mentorship over one year. The fund is searching for the top 1% of young entrepreneurs.

These founders will undergo a screening process and receive support until they secure their first institutional funding. Being the largest grant of its kind, the WTFund is open to investing in all sectors.

The fund will accept applications from the WTF Website (www.allthingswtf.com/wtfund).

Originating as a podcast hosted by Nikhil Kamath, WTF has evolved into a platform that promotes disruptive thinking, audacity, and democratised access to opportunities.

ALSO READ | Nikhil Kamath, Gauri Khan, John Abraham invest $10 million in Subko Coffee Roasters

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Here is how much Zerodha customers hold in demat accounts

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Zerodha CEO Nithin Kamath on Wednesday (April 10) expressed his astonishment at the remarkable expansion of the Indian stock markets following the COVID-19 pandemic.

Kamath took to social media platform X to share some insights into the unprecedented growth, revealing that Zerodha’s customers now collectively hold assets worth ₹ 4.5 lakh crore in their demat accounts.

It’s unreal how much our markets have expanded post-COVID. @zerodhaonline customers now hold ~ Rs 4.5 lakh crores worth of assets in their demat accounts.

— Nithin Kamath (@Nithin0dha) April 10, 2024

The consistent rise in account openings is indicative of the growing investor interest and participation in the financial markets, experts said. Also, the success of various initial public offerings (IPOs) has lured new investors into the market.

Also Read: ‘Slightly broken, but…’: Zerodha’s Nithin Kamath reveals he suffered a mild stroke 6 weeks ago

In the fiscal year 2024, 3.7 crore demat accounts were registered in India — at an average of over 30 lakh accounts added monthly. The number of demat accounts opened with both major depositories, the Central Depository Services Ltd (CDSL) and the National Securities Depository Ltd (NSDL), surged by 11.9% year-on-year. The total tally reached 15.14 crore compared to 11.45 crore in the previous year.

In financial year 2022-23, there was an addition of 2.5 crore demat accounts, with a monthly average of over 20 lakh. In FY22, the number was nine crore. This marked a remarkable increase versus 5.5 crore accounts in FY21.

Going further back, in FY14, there were 2.2 crore accounts, and the subsequent years witnessed a steady climb — 2.3 crore, 2.5 crore, 2.8 crore, 3.2 crore, 3.6 crore, and 4.1 crore in FY 15, FY16, FY17, FY18, FY19 and FY20, respectively.

Also Read: Zerodha Fund House crosses ₹1,000+ crore AUM: Here’s a look at schemes currently available

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Zerodha asks users to close forex derivative positions by April 5 in compliance with RBI norms

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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India’s online brokerage firm Zerodha Broking Ltd has on Tuesday, April 2, notified its clients to close forex derivative positions by Friday, April 5, in compliance with the Reserve Bank of India (RBI) norms.

“As per RBI guidelines, traders need to have exposure to the underlying currency to trade in currency derivatives on the stock exchange. Please ensure to close your open position before 05th April 2024 to be compliant with RBI rules,” Zerodha said in a post on X.

From Thursday, April 4, the users will be able to exit their existing positions but will not be allowed to take any fresh positions in the currency segment. The users will have to submit the declaration form to take fresh positions.

The RBI has mandated traders to compulsorily have an underlying contracted exposure to foreign currency if they want to trade in the currency derivatives segment. 

The company also mentioned that traders with exposures greater than $100 million (notional contract value), will be required to appoint a custodian participant or an authorised dealer. For traders with a smaller exposure, a declaration stating trading currencies for hedging contracted exposures will suffice.

If the user fails to provide a declaration, then they will not be allowed to take any fresh positions in the currency segment beginning Thursday, April 4, even as they will be permitted to exit existing positions. It is advised to closely monitor open positions as liquidity may diminish leading up to April 5, 2024, when the RBI circular takes effect, the company added.

According to RBI guidelines, contracted exposure means currency risk arising on account of current or capital account transactions permissible under the FEMA 1999 or any rules or regulations made thereunder, that have been entered into.

In a post on X, Zerodha CEO Nithin Kamath said he has earlier talked about regulatory risk being the biggest risk for stock brokers by far. “The RBI has its own reasons for restricting unhedged currency derivatives,  but this means the death of currency derivative trading on stock exchanges by retail traders,” he added.

How to submit the declaration form

On its website, the company explained the steps to submit the declaration form:

• Download the declaration form (PDF)
• Sign the declaration form (e-sign/wet sign)
• Create a ticket here to submit the soft copy of the signed form.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Zerodha Fund House crosses ₹1,000+ crore AUM: Here’s a look at schemes currently available

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Zerodha Fund House, a joint venture between Zerodha and smallcase, has crossed the ₹1000+ crore mark in Assets Under Management (AUM) within 40 days of crossing the ₹500 crore threshold. The announcement came through a tweet by Vasanth Kamath, Founder and CEO of smallcase.

In his tweet, Kamath acknowledged the rising demand for index-based investment products.

Heartening to see investor trust continue to compound at @ZerodhaAMC (a smallcase-Zerodha JV) with assets doubling to ₹1000+ cr in just 40 days 🖤

It’s a reflection of the growing appetite for index-based investment products & we are grateful for all the feedback & ideas

(1/2) https://t.co/9n4el0nrWA

— Vasanth Kamath (@vasanthkamath) March 28, 2024

It must be noted that Zerodha Fund House (Zerodha Mutual Fund) is passive-only fund house providing direct plans to do away with transaction charges.

Here are the details of the schemes currently offered by Zerodha Fund House:

(Source: Zerodha Fund House website)

Zerodha Fund House said it will soon introduce more funds designed to serve specific roles in investors’ portfolios, both in fund and ETF formats.

Investors can participate in Zerodha Fund House schemes via digital platforms such as Coin, Groww, Kuvera, Paytm Money, IND Money, CAMS Online, MFU, and MFC.

ALSO READ | March 31 is the deadline to redo mutual fund KYC: Here’s who needs to act and how

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Zerodha Mutual Fund lists Gold ETF on exchanges: Should you invest

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Zerodha Mutual Fund has officially listed its Zerodha Gold ETF on the National Stock Exchange of India (NSE) and BSE. The Zerodha Gold ETF, an open-ended scheme, is designed to mirror and track domestic gold prices.

Investors can now buy or sell units of the Zerodha Gold ETF on all trading days, as the scheme is listed on both major stock exchanges.

Industry experts are optimistic about the launch, citing the current market dynamics and a notable surge in gold ETF inflows.

According to data from the Association of Mutual Funds in India (AMFI), Gold Exchange Traded Funds witnessed an increase in inflows, reaching ₹657 crore in January 2024, marking a seven-fold rise compared to the previous month.

Zerodha Mutual Fund emphasised the cost-effectiveness of its Gold ETF, stating that it provides an easy and low-cost avenue for investors to add gold exposure to their portfolios.

The fund invests in physical gold with a purity level of 99.5% and above, securely stored in a vault to address any security concerns.

Gold has long been recognised as a safe haven and a hedge against inflation, factors that continue to drive its appeal in the face of ongoing geopolitical tensions and rising inflation, especially in the United States.

The introduction of the Zerodha Gold ETF offers investors a way to diversify their portfolios and potentially reduce overall volatility.

The Zerodha Gold ETF is accessible to a wide range of investors, with a minimal investment requirement of ₹10.

A look at the returns of some of the gold ETFs:

(Source: Value Research)

Commenting on the launch, Vishal Jain, CEO of Zerodha Fund House, said, “Gold is typically viewed as a financial asset that maintains its value and purchasing power during Inflationary periods. The Gold ETF offers a simple and efficient way for people to invest in gold without the concern of storage and security. As gold has a low correlation with equity, it reduces the overall volatility of your portfolio.”

While the launch of Zerodha Gold ETF may provide investors with an option to diversify their portfolios, experts suggest that gold is better as a short to medium-term investment.

The fund house further reminded investors that mutual fund investments are subject to market risks, urging them to carefully read all scheme-related documents before making any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow