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SIPs Are Like Marilyn Monroe: "If You Can't Handle Them At Their Worst...''

Back in 2012, I interviewed the late Parag Parikh when he was about to launch PPFAS Mutual Fund. Besides his contrarian investing style, the one thing that stood out about him was his refreshingly candid take on things. This was when mutual funds   were witnessing outflows for years and assets under management stood at a little over Rs 5 lakh crore - largely debt-oriented. When I asked him how he planned to garner investments at a time when mutual funds weren't in favour, he said: "By being on the side of the investor". He then pointed to a note he had gotten stamped on the physical prospectus of the AMC's inaugural equity fund that said: "Please do not invest in this fund if you can't remain invested for at least five years". I can't draw a straight line from the note to PPFAS' outperformance over the past decade, and the swelling of its assets. But surely, sobering investors' expectations when the temptation is to oversell helps attract...
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Zerodha's Nithin Kamath Reveals How He Built His Company From Scratch

Zerodha CEO Nithin Kamath on Friday took to Twitter to share his journey of how a successful business can be built without the help of too many external factors. 

Mr Kamath recently received the "Entrepreneur of the Year" award from the Union Finance Minister Nirmala Sitharaman. Later, he took to Twitter to share how he built his company Zerodha, that too without following the norm. 

"No Business Background. No Pedigree education across the team. No VC/PE. No Advertising spending. No Spamming customer. @zerodhaonline is an example that a successful business can be built by not following the norm, by average folks with common sense wanting to solve a problem," Mr Kamath wrote on Twitter.

Take a look below: 

Mr Kamath's brother Nikhil Kamath congratulated him on winning the "Entrepreneur of the Year" award. "Congratulations brother, u deserve this and so much more," he wrote on Twitter.

Ankur Warikoo, a Youtuber and influencer, also extended greetings to Nithin Kamath for receiving the award. He stated that Zerodha's success is critical because it will show the world how this model too can win. 

"I often say this - Zerodha's success is critical because it will show the world how this model too can win. And should win. Congratulations to the entire team," he tweeted. 

Also Read | Jack Dorsey Criticises Elon Musk, Says He Should've Walked Away From Twitter Deal

Sunil Minglani, a stock market psychologist, also said, "Education is overrated, Integrity is underrated. Congrats Nithin". 

"Absolutely agree! It's inspiring to see businesses succeed without conforming to traditional norms. @zerodhaonline is a testament to the power of creativity, determination, and problem-solving. Proof that with hard work, anything is possible," Jayjit Biswas, Founder of Elite Web3Forum tweeted. 

Notably, earlier this year. Nithin and Nikhil Kamath, co-founders of Zerodha, officially joined the Forbes World's Billionaires List for 2023. The CEO of India's largest stockbroking company, Nithin Kamath, ranked 1104 and has an estimated net worth of $2.7 billion. Meanwhile, Nikhil Kamath, Chief Financial Officer of the company, who also owns the financial management company True Beacon, is ranked 2405 on the list with a net worth of $1.1 billion.
 



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