Kerala man opened a demat account for maid to invest in stocks on Zerodha, internet has mixed views

A Kerala-based investor has sparked debate on social media for assisting his domestic helper in opening a Zerodha account to invest in equities. Sudheep, an investor, assisted his domestic helper in opening a Zerodha demat account. She subsequently invested little more than ?1 lakh in several companies.?

While some people applauded him for uplifting the underprivileged by introducing them to new economic opportunities, others believed that investing in stocks was a hazardous move.

Who invested money for her maid??

Sudheep, whose X bio claims that he is not a SEBI-registered investment advisor, posted a screenshot of his domestic worker's investment portfolio to the social networking platform X. She invested ?1,05,970 in several small and mid-cap stocks. The current value of her possessions is ?1,28,462.? ??

“I helped my maid open a demat account through Zerodha. She invested 1 lac last month. Now current value at 1.28 lacs,” Sudheep wrote on X (formerly Twitter). He said that the portfolio saw an increase of almost 30% in a month and added: “Empowering the non-empowered by giving them the knowledge to invest.”??

How did people on the internet react??

His post has become popular on X, with over half a million views already.However, the post sparked strong reactions. Many others criticized the investor for recommending small and mid-cap equities, which are normally regarded as riskier than large-cap stocks.

Also read:?Watch: Zerodha CEO Nithin Kamath joins colleagues in exciting push-ups challenge

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