‘Real money is with Gujjus...let that sink in’: Zerodha CEO Nithin Kamath makes interesting observations in social media post

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Times of India 1d ago

‘Real money is with Gujjus...let that sink in’: Zerodha CEO Nithin Kamath makes interesting observations in social media post - Times of India

Quick Summary:

Zerodha's CEO Nithin Kamath has highlighted that Ahmedabad and Mumbai account for 80% of equity delivery trades, with significant participation from Gujarat despite it making up just 8% of total registered investors.

The geographical distribution of IPO participants indicated that approximately 70% of investors originated from four primary states: Gujarat, Maharashtra, Rajasthan and Uttar Pradesh.

He had said on X: "Gujarat accounts for about 9% of the total investor customer base, but they account for 40% of IPO participation in both retail and HNI categories.