FDs a risk for banks: Zerodha’s Kamath
As fixed deposit rates are at a historic low, savvy investors could look at other high-return investment alternatives, including the equity markets, says Zerodha’s Nikhil Kamath.
As fixed deposit rates are at a historic low, savvy investors could look at other high-return investment alternatives, including the equity markets, says Zerodha’s Nikhil Kamath.
What happens when an IPO frenzy sucks out $3.7 billion (₹27,417 crore) in just six months? The answer, according to Nikhil Kamath, co-founder, Zerodha and True Beacon, is—collateral damage.
'I don’t know what is moving the market. The news is bad; the fundamentals are bad. People are buying because the markets are going up...'
As the Reserve Bank of India has kept key rates unchanged, fixed deposit rates at banks are at a historic low. As a result, banks have lost their power to attract money, says Zerodha’s Nikhil Kamath.
Nikhil Kamath, co-founder and CIO of True Beacon and Zerodha, sees a significant rebalance from real estate onto more liquid asset classes in the post-Covid-19 period.