Zerodha: Zerodha investors booked Rs 50,000 crore profit in 4 years: Nithin Kamath

The equity boom in Indian markets meant that lakhs of investors entered the investing arena, particularly post the pandemic era.

This is reflected in the fact that equity investors have realized a profit of Rs 50,000 crore over the last four years and are sitting on unrealized profits of Rs 1 lakh crore on an AUM of Rs 4.5 lakh crore, according to Zerodha’s Nithin Kamath.

“Equity investors have realized a profit of Rs 50,000 crore over the last 4+ years and are sitting on unrealized profits of Rs 1,00,000 crores on an AUM of Rs 4,50,000 crore,” Kamath said in a tweet quoting his earlier statement.

Kamath had earlier, in a separate tweet acknowledged, the expansion of market post Covid, based on Zerodha’s growing assets under management.

Indian markets are trading near all time highs following Modi-led NDA’s win for the third consecutive time. Despite falling short of expectations, equities took comfort in the hopes of a stable government and policy continuity.On Tuesday, the markets remained range-bound and ended unchanged after a flat start. However, a mixed sectoral trend persisted, with realty and auto sectors edging higher and emerging as top performers, while FMCG, pharma, and banking sectors faced some profit-taking.The broader indices outperformed, with both midcap and smallcap indices gaining over half a percent.Technically, analysts said Nifty is consolidating after a sharp run up of 2,100 points in the range of last week.

“The hourly momentum indicator has triggered a negative crossover suggesting loss of momentum. Hence, there can be some consolidation in the near term and the Nifty is likely to drift towards 23,160–23,100 over the next couple of trading sessions failing to sustain can lead to a fall to 22,930. On the upside, 23,420–23,500 is the immediate hurdle zone. The broader market witnessed outperformance today with the Mid and Small Cap Index up by 0.81% and 0.55% respectively,” said Ajit Mishra – SVP, Research, Religare Broking.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)


Read original article here

Denial of responsibility! Trusted Bulletin is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a Comment