We just received the final approval for the @ZerodhaAMC we are building in partnership with @smallcaseHQ.
Our motivation to start a mutual fund was twofold. The first was that the biggest challenge and opportunity for Indian markets is the shallow participation. Even after all the growth over the last 3 years, we only have maybe 6-8 crore unique mutual fund and equity investors put together.
The second was that if we had to bring in the next ten million investors, they needed simple products they could understand, and mutual funds were a perfect instrument. We aim to be index-only and create simple funds and ETFs that all investors can understand and invest in for all their goals.
I'm also excited that @vishaljain2510, who's been part of the entire passive investing journey in India from day 1, has joined us as a CEO to build the AMC. So yeah, keep an eye out for our first NFO ๐๐ค
Year 1: They call you stupid because you start trading.
Year 2-3-4: Practice 24/7, losses, failures, late nights, backtests, emotional breakdowns, new systems, risks, ideas...
Year 5: They call you lucky because you are a successful trader.
Find a 1R strategy โฆ like the A2
Develop a +60% win rate โฆ mine is 86% so if I can do it, so can you.
Get funded with at least $300k โฆ again, if I can do it so can you.
Earn ~1% week. Risking 0.5% you only need two wins.
Take biweekly payouts. On $300k thatโs $12k per month.
Thatโs what I would be aiming for if I was a new trader.