Nitin Kamath: Zerodha Founder Nitin Kamath’s Next Mission: Consolidate Dad’s Portfolio

Despite running India’s largest brokerage house, zerodha founded by Nitin Kamato One regret. He is not able to enlist the help of his father, a retired executive, to consolidate his investments and help him get rid of the mess in his portfolio. This is because investing in shares, mutual funds And insurances are spread across different entities.

“I am sure that many Indians, like my father, must be facing the same problem. As a first step towards trying to solve this, we are providing our clients with a consolidated family portfolio in Zerodha accounts. Helping,” the billionaire stockbroker said on Twitter.

Bat for the account aggregator network, which can

To enable Indians to access and share their financial data digitally across institutions in a secure and efficient manner, he said that it is expected that all banks, depositories and insurance companies will soon go live on the account aggregator framework.



He then plans to offer a consolidated portfolio view across all assets including insurance and even provide an easy way to liquidate it if need be.

While investors track asset allocation and concentration across stocks and sectors at the individual level, it is also important to track portfolio risks at the family level.

“But getting an accurate family portfolio view is a nightmare. The person managing the accounts must work together

Sheets and many other portfolio tracking tools and tackles data quality issues,” Zerodha said in a blog post.

Family Portfolio View on the discount broking platform allows demat account holders to link the portfolio of up to 10 family members with Zerodha accounts and track the consolidated portfolio through a single account.