'Real money is with Gujjus': Nithin Kamath on equity trade dominance
1 day, 11 hours ago

'Real money is with Gujjus': Nithin Kamath on equity trade dominance

India Today  

In a fascinating revelation about India's equity market, Nithin Kamath, CEO of Zerodha, shared that Mumbai and Ahmedabad together dominate, contributing 80% of the country's equity delivery trades. Essentially, the real money is with Gujjus.” He added,“Gujarat accounts for just 8% of the total registered investors, and the share has been falling.” According to Kamath's analysis, Mumbai contributed 64.28% of equity trade deliveries in November 2024, while Ahmedabad added another 17.53%. GUJARATIS: THE FINANCIAL POWERHOUSES Kamath’s tweet acknowledged the Gujarati community’s deep-rooted business acumen, calling them the custodians of "real money" in the stock market. Interestingly, Gujarat, despite its outsized influence in equity trades, represents only 8% of India's total registered investors—a share that has been declining.

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