Zerodha Co-Founder Kamath Boosts Indian Stock Allocation
Zerodha co-founder Nikhil Kamath says he is increasing exposure to Indian equities despite recent foreign outflows and muted market performance.
Zerodha co-founder Nikhil Kamath said he is increasing his allocation to Indian equities, betting on the country's long-term growth story despite recent foreign outflows and a subdued market.
Kamath, speaking on the sidelines of the World Economic Forum in Dalian, told Bloomberg that he is adding to his Indian stock holdings. The move comes as foreign investors have pulled money from Indian markets amid concerns over valuations and global rate uncertainty. Indian benchmark indices have traded in a narrow range this year, underperforming some regional peers.
For equities traders, Kamath's stance signals confidence in domestic fundamentals. Indian corporate earnings have remained resilient, and the country's demographic dividend continues to attract long-term capital. Traders tracking Indian stocks can monitor real-time price moves on NowPrice's live equities dashboard to gauge market reaction to such high-profile endorsements.
Looking ahead, investors will watch for the upcoming Union Budget and Reserve Bank of India policy decisions. Global factors, including the US Federal Reserve's rate path and oil prices, will also influence foreign flows into Indian markets. Kamath's increased allocation may encourage other domestic investors to follow suit.