A social media post by Zerodha founder and CEO Nithin Kamath triggered a public spat with rival investment platform Groww over direct mutual funds. Kamath's comments on platforms moving away from the direct mutual fund model prompted Groww to respond, leading to a debate between the two companies on social media.
The debate began after Kamath reiterated Zerodha's commitment to offering direct mutual fund plans at no cost. Without naming any company, he said the company will continue to offer direct mutual funds for free, even as several platforms that started with the same model have either shut down, changed direction or are rethinking the business.
