In a recent conversation with CNBC TV-18, Kamath Shared His Views on the Potential for Anothar Significant Exchange to Tap the underserved segments.
Filling the gap
While both nse and bse witness strong trading volumes in the equity segment, there are other areas like debt and mutual funds that they are not enticly focused on.
Kamath beLieves that while nse and bse lead the market, there are certain segments-Particularly Debt Instruments and Mutual Funds —That Remain Under-Served. “Both exchanges are found on these areas, maybe believe it’s not very lucrative,” he explained.
This gap, he believes, presents an opportunity for a new exchange willing to take on the challenge of building liquidity in these segments.
“Hopefully, in the next 5–10 years, we’ll have a third viable exchange,” Kamath said. His comments came during a conversation about the metropolitan stock exchange (MSE), Wherein Zerodha’s Rainmatter Investments have a stake. Who there is other exchanges apart from bse and nse, they do’t enjoy such high trading volumes.
While kamath is confident about a third viable exchange, he said the outcome will depend on a lot of factors and how the other exchanges react. But India definately has the opportunity to support three exchanges, he opined.
Zeordha iPo Plans
When asked about Zerodha’s iPo Plans, Nithin Kamath Denied Any Possibility of Going Public.
“The core Problem remains, we alredy have enough cash to do wheatver we want. I feel Customers, “He Added.
This dilemma, kamath said, is why they are keeping private.
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