4 ms·
Kailash Nadh, zerodha's co-founder, is an active investor as well through the rainmatter startup incubator [0]. There's been quite a boom in the fintech space i
by ignoramous 7y ago
Kailash Nadh, zerodha's co-founder, is an active investor as well through the rainmatter startup incubator [0]. There's been quite a boom in the fintech space in India for quite some time now, but zerodha is one of the first generation companies that survived through thick and thin. Indian fintech and edtech companies invite a tonne of interest from YC, in particular, and so, dare I say, the going has got a bit easier in the post-Jio, post-UPI world.
That said, I don't get the attractiveness of active-passive stock brokering. Indexed funds (mutual funds) remain a better investment vehicle for the casual passive investor [1] (though some doubt that [2]), as this famous bet [3] and this famous pre-IPO advice to googlers remind us [4].
Don't have a horse in the race, but in India, apart from coin.zerodha; groww.in and smallcase.com are two of the many new-age mutual / indexed fund companies.
[0] https://rainmatter.com/ https://rainmatter.com/
[1] https://news.ycombinator.com/item?id=12768319 https://news.ycombinator.com/item?id=12768319
[2] https://news.ycombinator.com/item?id=20877700 https://news.ycombinator.com/item?id=20877700
[3] http://longbets.org/362/ http://longbets.org/362/
[4] https://web.archive.org/web/20070417031443/http://www.sanfran.com/content_areas/home/view_printable.php?story_id=1507 https://web.archive.org/web/20070417031443/http://www.sanfra...
- kentosi 7y agoI'm not an expert in trading, but I thought that you could only invest in the indexed/mutual funds available in your country? I'm not sure your average Indian can, say, start putting money in any Vanguard fund available to Americans.
- h1srf 7y agoSure you can. You just need a broker that lets you. Interactive Brokers for example.
- jagannathtech 7y agoThere are thematic MFs that invest in say NASDAQ, S&P500 etc also some directly invest in US stock markets.
- inapis 7y agoYou can directly invest in NASDAQ and NYSE via https://greentiger.co/ https://greentiger.co/ It’s a YC funded company too.
- kentosi 7y agoLol thanks. Love how their design is so heavily "inspired" by RobinHood :-)
- kosmischemusik 7y agoLove what Zerodha has built. By opening up their platform they've allowed multiple startups to mushroom. As you pointed out, smallcase is one of them (I work there). Thought I'd point out that Zerodha Coin, Groww allow for investing in direct mutual funds. On the other hand smallcases are quasi-ETFs. Basically a smallcase is a basket of stocks tracking an idea, theme, strategy, model.