Best platforms seeing biggest spike in new users: Zerodha's Nithin Kamath

Nithin Kamath says that a lot of first-time users, who have entered the markets after Covid are increasingly investing in mutual funds, exchange-traded funds, and stocks for their long-term goals

Participation of retail investors in equity markets has been on the rise over the past few months. NITHIN KAMATH, founder & chief executive officer at Zerodha, tells Puneet Wadhwa in an interview that a lot of first-time users, who have entered the markets after Covid are increasingly investing in mutual funds, exchange-traded funds (ETFs), and stocks for their long-term goals. Edited excerpts:
 
Zerodha was one of the early starters of the discount broking cult in India. Do you think this space is becoming overcrowded now?
 
The term “discount broking” does not mean much anymore. Price is no longer