28 days old baby is Zerodha's youngest investor

Nithin Kamath, co-founder of Zerodha, has shared that the platform's youngest investor is a mere 28-day-old baby. Parents of the infant opened a minor account and made their first investment within a week of signing up. This milestone comes almost a year after Kamath shared that the previous youngest customer was a 64-day-old baby, indicating a significant reduction in the age of the youngest investor.

In a post on X, Kamath explained that the baby's parents quickly opened the minor account and invested shortly after. He praised the quick turnaround for a family just starting their investment journey. A minor account on Zerodha allows a parent or legal guardian to invest in stocks, mutual funds, and bonds on behalf of a child.

The platform does not charge an account opening fee or an annual maintenance charge for such accounts. The account transitions to a regular individual account once the child turns 18, without any additional cost.

Kamath cited a video from a year ago, where parents explained their decision to invest early for their children. One parent mentioned the lack of financial education in the Indian education system, while another emphasized the importance of investing from a young age. The update suggests that this sentiment has only grown stronger, with the youngest investor age dropping from 64 days to 28 days in just a year.