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+---
+date: '2023-12-08'
+title: Performance of equity investors and mutual fund investors at Zerodha
+tags: [investing,zerodha]
+author: nithin
+link: https://x.com/nithin0dha/status/1733101323241812303?s=61&t=UlLwbUij830BIu7fmvFyoA
+post_type: tweet
+description: As strange as it sounds, our equity investors are sitting on higher overall notional gains than equity mutual fund investors...
+---
+
+As strange as it sounds, our equity investors are sitting on higher overall notional gains than equity mutual fund investors. 
+
+Maybe the popular narrative that retail investors are clueless and “gambling” isn’t fully accurate. That’s because you would expect direct equity investors to do worse than mutual fund investors.
+
+Disclaimer: Most of our AUM was added post-2020, which is one of the biggest bull markets India has seen.