Zerodha‘s co-founder and CEO Nithin Kamath believes that the ‘real money is with Gujjus’. In a latest post on X (previously Twitter), Kamath highlighted that an enormous majority of fairness supply commerce comes from Ahmedabad and Mumbai. Gujjus is a generally used quick kind to explain folks from the state of Gujarat.
Sharing knowledge in his X post, Nithin Kamath mentioned, “Ahmedabad and Mumbai account for 80% of equity delivery trades. Let that sink in. Essentially, the real money is with Gujjus.”
However, he additionally identified, “Btw, Gujarat accounts for just 8% of the total registered investors, and the share has been falling.”
Statistical knowledge shared by Nikhil Kamath reveals that Mumbai dominated with 64.28% of fairness commerce deliveries in November 2024, while Ahmedabad contributed 17.53% throughout the identical interval.
Previously in September, Kamath had highlighted Gujarat’s important market participation, significantly noting its spectacular IPO involvement. He had mentioned 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 evaluation revealed that Gujarat-based retail traders secured 39.3% of retail class allocations, with Maharashtra and Rajasthan following at 13.5% and 10.5% respectively.
The geographical distribution of IPO members indicated that roughly 70% of traders originated from 4 major states: Gujarat, Maharashtra, Rajasthan and Uttar Pradesh.
According to the analysis findings, which had been shared by Zerodha’s founder on X, Gujarat represents roughly 9% of the general investor buyer inhabitants.
