Markets near all-time high, but why isn’t retail activity picking up? Here’s what Nithin Kamath says
Indian retail investors are turning away from equities and towards fixed deposit rates due to the high-interest rate environment, according to the co-founder and CEO of online brokerage Zerodha, Nithin Kamath. Despite markets hitting all-time highs, Kamath said the optimism wasn't leading to increased retail interest. "Most retail investors question whether taking the added equity risk is worthwhile when govt bonds and FDs yield 7% plus", Kamath added. The comments come after six consecutive rate hikes last year by the Central Bank.