Despite a 14% return in the Indian stock market in the past month amid the Russia-Ukraine conflict and other influential events, Nithin Kamath of Zerodha believes "It's quite stupid to be buying only stocks."
In a conversation with ETMarkets, the founder and CEO of India's largest stockbroking firm — which is often touted as India's answer to Robinhood Inc. (NASDAQ:HOOD) — said he believes it is important to have a good mix of fixed income or debt and equity to be on the safer side in times of drawdowns.
