{"id":209557,"date":"2025-01-07T08:26:08","date_gmt":"2025-01-07T08:26:08","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/07\/real-money-is-with-gujjus-let-that-sink-in-zerodha-ceo-nithin-kamath-makes-interesting-observations-in-social-media-post-times-of-india\/"},"modified":"2025-01-07T08:26:08","modified_gmt":"2025-01-07T08:26:08","slug":"real-money-is-with-gujjus-let-that-sink-in-zerodha-ceo-nithin-kamath-makes-interesting-observations-in-social-media-post-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/07\/real-money-is-with-gujjus-let-that-sink-in-zerodha-ceo-nithin-kamath-makes-interesting-observations-in-social-media-post-times-of-india\/","title":{"rendered":"\u2018Real money is with Gujjus…let that sink in\u2019: Zerodha CEO Nithin Kamath makes interesting observations in social media post – Times of India"},"content":{"rendered":"
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Statistical data shared by Nikhil Kamath reveals that Mumbai dominated with 64.28% of equity trade deliveries in November 2024.<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n

Zerodha‘s co-founder and CEO Nithin Kamath believes that the \u2018real money is with Gujjus\u2019. In a recent post on X (formerly Twitter), Kamath highlighted that a big majority of equity delivery trade comes from Ahmedabad and Mumbai. Gujjus is a commonly used short form to describe people from the state of Gujarat.
Sharing data in his X post, Nithin Kamath said, \u201cAhmedabad and Mumbai account for 80% of equity delivery trades. Let that sink in. Essentially, the real money is with Gujjus.\u201d
However, he also pointed out, \u201cBtw, Gujarat accounts for just 8% of the total registered investors, and the share has been falling.\u201d<\/p>\n

Statistical data shared by Nikhil Kamath reveals that Mumbai dominated with 64.28% of equity trade deliveries in November 2024, whilst Ahmedabad contributed 17.53% during the same period.
Previously in September, Kamath had highlighted Gujarat’s significant market participation, particularly noting its impressive IPO involvement. He had said on X: “Gujarat accounts for about 9% of the total investor customer base, but they account for 40% of IPO participation in both retail and HNI categories.”
The analysis revealed that Gujarat-based retail investors secured 39.3% of retail category allocations, with Maharashtra and Rajasthan following at 13.5% and 10.5% respectively.
The geographical distribution of IPO participants indicated that approximately 70% of investors originated from four primary states: Gujarat, Maharashtra, Rajasthan and Uttar Pradesh.
According to the research findings, which were shared by Zerodha’s founder on X, Gujarat represents roughly 9% of the overall investor customer population.<\/div>\n<\/div>\n