Zerodha CEO Nithin Kamath on Wednesday said that the broking platform as well as the overall stock market has seen a sharp surge in the number of female investors, who now account for more than 30% of Zerodha’s all accounts.
In a post on X, Kamath called it one of the biggest changes after the COVID-19 pandemic. He said women accounted for nearly 15-17% of all Zerodha accounts before the pandemic. "Today, that number is over 30%. Across markets, that number is around 23%," he wrote, implying that the number of female investors on the platform nearly doubled since the pandemic.
"That's millions more women investing for the first time across! Of course, some of these accounts are still managed by the men in the family. However, it's encouraging to see more women from all walks of life taking control of their finances," Kamath said.
Zerodha has been running In Her Interest, a women-only offline, in-person meetup across cities to help women learn how to take control of their money, he said, adding that the turnout, engagement, and quality of conversations have been incredible.
"India still has a long way to go when it comes to improving financial literacy among women, but things are changing slowly," Kamath further wrote.
