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'There is no quick way to make money': Zerodha's Nithin Kamath issues warning that could save investors millions
Zerodha co-founder Nithin Kamath highlights the persistence of pyramid schemes in India, with many investors misled by promises of easy profits. He cautions that this mindset can lead to significant financial losses, urging individuals to be wary of recruitment-based opportunities.
Nithin Kamath recalls falling for a pyramid scheme, warns retail investors against 'easy money' promises
Zerodha co-founder Nithin Kamath shared his past entanglement with a pyramid scheme in his late teens, emphasizing that wealth building requires no shortcuts. He warned against schemes promising unusually high returns, noting that many continue to operate in India despite growing financial awareness. Kamath cautioned that making money in the stock market isn't easy and urged people to avoid referral-based money-making schemes, calling them almost invariably fraudulent.
When Zerodha's Nithin Kamath Fell Prey To A Pyramid Scheme... And What He Learned From It
The Zerodha founder said he had assumed such scams were largely a thing of the past, only to discover that pyramid schemes continue to proliferate across India.
Credit flow to bottom tier slows as microfinance lenders turn to safer borrowers: SIDBI-Equifax
Credit access for bottom-of-the-pyramid borrowers in India has slowed as microfinance lenders turn cautious after two years of asset quality stress, increasingly favouring customers with established credit histories. A joint SIDBI-Equifax study shows the share of new-to-credit borrowers fell sharply to 20% from 33% three years ago, reflecting tighter risk filters.
Credit flow to bottom tier slows as microfinance lenders turn to safer borrowers: SIDBI-Equifax
Credit access for bottom-of-the-pyramid borrowers in India has slowed as microfinance lenders turn cautious after two years of asset quality stress, increasingly favouring customers with established credit histories. A joint SIDBI-Equifax study shows the share of new-to-credit borrowers fell sharply to 20% from 33% three years ago, reflecting tighter risk filters.
OTT Releases This Weekend: Gullak Season 5, The Pyramid Scheme, Creek, Brown — Movies, Series To Watch
OTT Releases This Weekend
Pyramid Technoplast standalone net profit rises 51.59% in the March 2026 quarter
Sales rise 13.77% to Rs 194.79 crore