Zerodha CEO Nithin Kamath says a third viable stock exchange probably in the next 5-10 years. Here’s why | Einsmark news

The Indian stock market has long been dominated by two major players – the National Stock Exchange (NSE) and the BSE. However, Nithin Kamath, co -founder and CEO (CEO) of the Zerodha discount platform, believes there may be room for a third, viable stock exchange in the country. In a recent conversation with CNBC TV-18, Kamath shared his view on the potential for another important exchange to utilize the sub-earned segments. If you fill the gap, while both NSE and BSE see strong trading volumes in the equity segment, there are other areas such as debt and mutual funds that they are not completely focused on. Kamath is of the opinion that although NSE and BSE leads the market, there are certain segments-especially debt instruments and mutual funds-which have been underestimated. “Both existing exchanges are not really focused on these areas, perhaps because it is not very profitable,” he explained. According to him, this void provides an opportunity for a new exchange that is willing to take on the challenge of building liquidity in these segments. “Hopefully we will have a third viable exchange within the next 5-10 years,” Kamath said. His remarks come during a conversation about the Metropolitan Stock Exchange (MSE), in which Zerodha’s Rainmatter Investments has an interest. There are other exchanges except BSE and NSE, but they do not enjoy such high trading volumes. While Kamath is confident about a third viable exchange, he said the result would depend on many factors and how the other exchange reacts. But India certainly has the opportunity to support three exchanges, he said. Zeordha IPO plans when asked about Zerodha IPO plans, Nithin Kamath denied any possibility to be public. “The core problem remains, we already have enough cash to do what we want. I feel it is difficult for a business like us. What is right for investors is not always right for customers,” he added. This dilemma, Kamath said, is why they stay private. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.