Zerodha CEO Nithin Kamath and Groww Exchange Jabs Over Mutual Fund Strategy

Zerodha CEO Nithin Kamath publicly criticized Groww on social media platform X following reports of Groww launching regular mutual funds under its new Groww Prime service. The move by Groww marked a notable shift, as regular mutual funds carry distributor commissions, a model often contrasted with direct funds that platforms like Zerodha have championed. Groww responded to Kamath's remarks, sparking a public exchange between two of India's leading retail brokerage platforms. The clash highlights ongoing tensions in India's fintech space over differing approaches to mutual fund distribution and investor interests.
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