In a post on X, Zerodha chief executive officer Nithin Kamath has revealed that equity investors who use Zerodha have collectively realised profits worth Rs 50,000 crore over the past four years and are currently sitting on unrealised profits worth Rs 1 lakh crore.
Nithin Kamath further added that the Rs 1 lakh crore in unrealised profits is on an AUM of Rs 4.5 lakh crore. Most of this AUM has been accumulated within the last four years.
"It's unreal how much our markets have expanded post-COVID. Zerodha customers now hold around Rs 4.5 lakh crores worth of assets in their demat accounts", said Nithin Kamath.
As per Moneycontrol, Zerodha currently has over 1.3 crore crore clients which contribute to over 15% of all retail order volumes in India daily. In April Zerodha's client base reached 7.4 million users, recording a 1.5% month-on-month increase. However, its market share saw a minor decline, dropping by 20 basis points to 17.7%.
Meanwhile, as per Motilal Oswal Financial Services, the total number of demat accounts in India surged to 154 million during the same period. However, the number of new account additions remained stable at 3.1 million, consistent with the average monthly additions throughout the fiscal year.
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