Zerodha traders saved Rs 25,620 crore brokerage: Nithin Kamath shows the calculation

Zerodha traders saved Rs 25,620 crore in brokerage between 2016 and 2025 due to the firms zero-delivery brokerage model, founder Nithin Kamath said. He credited the bootstrapped structure for enabling a customer-first approach, avoiding aggressive monetisation, ads, and cross-selling while maintaining low-cost trading and high user trust.