Kerala: Investment Expert Helps Housemaid Earn Profit Through Stock Market
An investment expert from Kerala, Sudeep, recently shared an intriguing story on his X page. He opened a demat account with Zerodha for his domestic helper and guided her to invest gradually, reaching a total of ₹1 lakh. Remarkably, within a month, her portfolio saw a 30% increase, boosting the investment to ₹1.28 lakh.
Sudeep explained that the investments were made primarily in small and mid-cap stocks, known for their potential for high returns but also for their volatility. His post has garnered a mixed response—praise for empowering someone with limited financial knowledge and caution regarding the risk of such investments.
Sudeep also shared a screenshot of the portfolio in his post, highlighting that when individuals from underserved backgrounds are exposed to stock market knowledge, they too can reap benefits. While some commended his efforts, others raised concerns about the risk involved in recommending small-cap stocks, which can be highly volatile, especially for someone with lower income levels.
In response to these concerns, Sudeep clarified that his housemaid already had safer investments, such as fixed deposits and gold, and her monthly income ranged between ₹20,000 and ₹40,000. After explaining the risks, she made the decision to invest in small-cap stocks, further broadening her financial portfolio.