“How helpful is accumulating & analysing tons of information is a query I ask my friends. Now we have no knowledge crew at Zerodha as we imagine it would not give helpful insights and likewise since we by no means upsell,” Kamath mentioned.
Kamath, who is thought to share inventory market academic content material and learnings on social media platforms, took to Twitter to place out an article titled “Large Information is useless.”
Zerodha is India’s greatest inventory dealer providing cheaper brokerage charges for futures and choices, commodity buying and selling, fairness and mutual funds.
The corporate’s web revenue rose 87% within the monetary yr 2021-2022 (FY22) to Rs 2,094 crore from Rs 1,122 crore in FY21. Working income jumped to Rs 4,964 crore from Rs 2,729 crore in the identical interval, in accordance with its audited monetary assertion filed with the Ministry of Company Affairs (MCA).
The numerous enhance in income and revenue was pushed by many new customers who got here on board the brokerage platform, owing to a number of preliminary public choices (IPOs) which came about in 2022.
Zerodha’s prospects, income and income have grown 5X since March 2022, when Covid-19 hit.Kamath had earlier mentioned whereas the corporate was on observe to do as a lot income and income in FY23 as final yr (FY22), it should nonetheless be unable to match these metrics within the upcoming monetary years.
“This isn’t simply because we see a dip in new account openings and a drop within the bull market momentum, but in addition as a result of we predict we now have briefly hit a plateau by way of the goal market, prospects who’ve enough financial savings to put money into the markets and a capability to generate income for the brokerage agency,” Kamath mentioned in a weblog publish.
In keeping with a report by
, at current, the highest 5 low cost brokers account for 59.1% of general NSE lively purchasers, up from 58.9% in October 2022. Zerodha remained the highest dealer with a 24 foundation factors rise in market share to 18.3%. Nonetheless, it reported a 0.5% month-on-month decline in its consumer rely to 66 lakh.
