Nithin Kamath Reacts to Jio-BlackRock Broking Entry: Full Story

In the hot buzz circling the Jio BlackRock receives a stockbroking license, the co-founder of Zerodha, Mr Nithin Kamath, took it upon himself to share some interesting views, saying, "This is great news."

Alongside, acknowledging the transformational partnership between Jio Financial Services and BlackRock Mutual Fund, brings new retail investors into the Indian stock market system.

On this news, Mr Nithin Kamath wrote on a social media platform X, "The biggest issue for the Indian markets is a lack of breadth in participation. We are largely limited to the top crore Indians. If anyone can expand the markets beyond that, it's probably Jio with all its distribution might."

In the same post, Kamath also shared some of his views on Zerodha's business philosophy, drawing a contrast between Zerodha Mutual Fund and other fast-scaling players in the Mutual Funds industry.

Also Read: Zerodha Mutual Fund launches 1st Silver ETF Fund of Fund 2025

Mr Nithin Kamath stressed, "we are not chasing vanity metrics”. Kamath continued, saying their philosophy is always to do the right thing for their investors/ customers.

Moreover, Mr Nithin Kamath added that the company avoids pushing customers to trade or using manipulative design tactics like "dark patterns" or incessant notifications.

"Most of our product decisions are taken upon the idea that customers do better in the long run when they trade less," he says.

Also, on the topic of competition, Mr Nithin Kamath remarked that he does not expect traditional incumbents (Compulsory) to pose a significant threat. Instead, he said the real challenge would come from "first-generation founders who are running, breathing and always thinking about broking."

At last, Mr Nithin Kamath concluded with humbleness, saying, "But yeah, I might be wrong."

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