Zerodha already permits retail investors to invest in MFs at no additional cost through its product Coin.
Discount broker Zerodha has applied for an asset management company (AMC) license, founder and CEO Nithin Kamath said on February 20.
"Mutual fund (MF) as a product needs to be re-imagined," Kamath stated, adding that the company wants to improve capital market participation from millennials.Zerodha already permits retail investors to invest in MFs at no additional cost through its product Coin.
To grow the capital market participation from the current 1.5 crores and address those who currently don't invest (Millenials), we think mutual fund as a product needs to be reimagined. So yeah, we have just applied for an AMC (Mutual fund) license. https://t.co/jBuH1722n5
— Nithin Kamath (@Nithin0dha) February 20, 2020
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First Published on Feb 20, 2020 01:00 pm
