Nithin Kamath: We have made opening Zerodha accounts for kids simple and fully online

Zerodha CEO Nithin Kamath stressed the need for getting an early start on financial education adding that people need to know how to manage their money to do well in life.

Zerodha co-founder and CEO Nithin Kamath on Tuesday announced that the online stock broking company has made opening accounts for kids “simple and fully online”. Parents can now buy stocks, mutual funds, and bonds and gift them to their kids, he said.

“One thing that has been on our to-do list for a long time is to make it as easy for parents to invest for their kids as they teach them about money,” Kamath wrote on X. “We have now made opening Zerodha accounts for kids simple and fully online. You can buy stocks, mutual funds, and bonds and then gift them to your kid, or they can discover stocks on their own and then ask you to buy them on their behalf.”

Nithin Kamath also stressed the need for getting an early start on financial education adding that people need to know how to manage their money to do well in life.

“The things you need to know to manage your money well apply to other aspects of life as well. One of the best ways to learn about money is to start early because the things we learn when we’re young tend to stick with us for the rest of our lives,” he said.

With this, the Zerodha boss joins another business leader who has been pushing for financial education for kids. Edelweiss Mutual Funds CEO and Shark Tank India judge Radhika Gupta began investing in equities for her son when he was just six months old.

Source: MoneyControl

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