Zerodha

Founder & CEO

Rainmatter

Rainmatter — an initiative by Zerodha — funds and incubates innovative
Indian fintech startups focusing on saving and investing. https://rainmatter.com/

Rainmatter Foundation — funding startups & grassroots organizations working on climate change.  https://rainmatter.org/

Kamath Associates

Franchisee of Reliance Money, Proprietary Trading, Portfolio advisory services

Partner

Manipal Infocom

Traded during the day, Telesales at Nights (Call centre focused on US markets)

Senior Telesales Executive

Self Employed

Proprietary trading while pretending to attend college @Bangalore Institute of Technology

Proprietary Trader

Over a decade of trading the markets for a living.  Felt the fatigue, and with Zerodha decided to be the catalyst for change and started a brokerage firm that traders didn't have. 
Musings on finance, business, and life: https://nithinkamath.me/

Being content is the only way to true freedom. A person who embodies this is my father-in-law, Shivaji Patil
He was in the Indian Army & voluntarily retired as a Havaldar after losing his fingers to frostbite during the Kargil War. He started a grocery shop in Belgaum after. 

He is 70 years old but goes to the local market regularly on his decades-old scooter for the specially-abled to buy groceries for the shop. His only help is my mother-in-law, who helps him run the shop and manages the house. 

He refuses to stop working, even with the success Seema and I have had. When I ask him about margins for various products in the shop, there is still a twinkle in his eye. He speaks about a 25% margin on chikkis, buying a box at Rs 200 & selling them individually for Rs 250.

I have never seen him wanting something or complaining, not even about losing his fingers in the war.
Although, he did try to convince me to get a government job when I asked him permission to marry his daughter in 2007 when I was still struggling 😬. 

I have been geeking out about increasing healthspan or how to live a good life until the end.
I have no doubt that the answer is to be content and never stop being active mentally and physically. Money can't buy this, and he is the best example. 

I have been geeking out about increasing healthspan or how to live a good life until the end.
I have no doubt that the answer is to be content and never stop being active mentally and physically. Money can't buy this, and he is the best example. 


Nithin Kamath

Founder & CEO at Zerodha & Rainmatter. Learning at Rainmatter foundation

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Someone I know got scammed & lost money.

It started with a response to a part-time job offer on WhatsApp. The first few tasks were about leaving fake reviews for resorts & restaurants in random places like Peru. ~Rs 30k was transferred to the bank for the tasks completed.

A Telegram group was created with others who claimed to do these tasks.
The next task for the group was to trade on a mock crypto platform, following a bunch of rules. Profits generated were allowed to be withdrawn, even without transferring any real money. 

By the way, this wasn't Bitcoin or Ethereum, but random crypto tokens whose prices fraudsters could easily manipulate.
The group was now asked to transfer real money to generate higher returns. Others in the group claiming to transfer nudged my friend to do so as well. 

I guess the risk didn't seem much since the money transferred was the Rs 30K earned through the platform.
But greed took over, and more money was transferred, probably due to peer pressure from others in the group who claimed to have made large transfers and profits.

The person tried to withdraw but couldn't and was told that a certain number of traders was required.
The fear of being unable to withdraw the money took over, and more money was added to trade. This amounted to Rs 5 lakh, a large amount for any person. 

The platform offered a loan when the person said there was no more money to add. The person finally decided to confide with the spouse about the situation, who almost immediately realized it was a fraud. They reached out to the police for help.

The account seemed like a real crypto account, with account balance, ledger, P&L, etc. But it was all fake; everything on it was manipulated, including the telegram group.
The crypto price movements were also manipulated to generate profits and sow greed at the start. 

The police shared many cases—even well-educated folks borrowing tens of lakhs and losing it in such sophisticated scams.
Everyone is a target, and we need to create awareness. The important thing to remember is that there is no easy way to make a lot of money quickly. 

Taplio

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