In an effort to increase retail investor participation in the debt market, the Securities & Exchange Board of India (SEBI) has reduced the face value of corporate bonds from Rs 1 lakh to ₹10,000. This move has been praised by Zerodha co-founder Nithin Kamath, who believes it will make bonds more accessible to small investors. Additionally, Sebi has announced further changes in rules for mutual funds, including the option for joint holders to nominate their fund account and allowing a single fund manager to oversee both commodities and foreign investments. These measures are aimed at promoting ease of doing business and curbing fraudulent trades.
Nithin Kamath, co-founder of discount brokerage firm Zerodha, has revealed on his social media handle that he suffered a mild stroke six weeks ago. He shared images from his hospital bed and another on his fight to recovery, surprising netizens. He warned his followers about the consequences of overworking and neglecting self-care, even for a fit individual like himself. Fellow journalist Barkha Dutt sent her well wishes and reminded him of the impact of parental loss.
Nithin Kamath, co-founder and CEO of Zerodha, recently shared on social media that he had a mild stroke six weeks ago due to various factors such as exhaustion and overworking. While he initially experienced a big droop in his face and had difficulty reading and writing, his condition is now improving and he expects to make a full recovery in three to six months. Kamath was shocked by the incident, as he is known for taking good care of himself and being fit.