homemarket Newsstocks NewsZerodha applies for AMC licence; CEO Nithin Kamath says intent to attract millenials to capital markets

Zerodha applies for AMC licence; CEO Nithin Kamath says intent to attract millenials to capital markets

Zerodha applies for AMC licence; CEO Nithin Kamath says intent to attract millenials to capital markets
Show More
Show More
Profile image

By CNBC-TV18 Feb 20, 2020 11:21:59 AM IST (Updated)

Zerodha has applied for an asset management company (AMC) license, announced founder and chief exective officer Nithin Kamath on Thursday.

Zerodha has applied for an asset management company (AMC) license, announced founder and chief executive officer Nithin Kamath on Thursday.

Live Tv

Loading...

"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," Kamath said in a tweet.
Kamath hinted that the retail discount brokerage will focus on increasing the participation of the millenials in the capital market. At present, Zerodha through its app Coin allows its clients to directly invest in mutual funds.
View All

Most Read

Market Movers

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change