Zerodha's Nithin Kamath on the need to support funding for social enterprises
Synopsis
Zerodha's Nithin Kamath on Monday said the broker is doing everything in its capabilities to support non-profit organisations to raise funds from the public.
"There's no online mechanism to donate to these organizations like we have for regular IPOs but I'm hoping this will soon be possible. We will then make it possible for all Zerodha customers to support social sector organizations working on important issues," said Kamath
"The idea is to show a new section called "giving" on the console portfolio view, along with stock holdings. This will hopefully nudge people to give a little," he said.
An SSE will facilitate a common and structured meeting ground between social enterprises and investors with inbuilt regulation for
providing sanctity and accountability of finances.
Stocks Recommendations
"SSE is a wonderful initiative because it can potentially help bridge the trust deficit that affects many social organizations," Kamath noted, while sharing a launch video.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times
(You can now subscribe to our ETMarkets WhatsApp channel)