Zerodha Console Gets New Portfolio Performance Curve Feature
In a post on X, Zerodha CEO Nithin Kamath said the new feature allows one to visualise their account performance, and compare it to a benchmark like Nifty 50.
Zerodha Chief Executive Officer Nithin Kamath on Friday launched Portfolio Performance Curve on company’s platform Console. This feature, now available for the first time to Indian investors, separates investors' actual investment and trading performance, while adjusting for cash inflows and outflows.
In a post on X, Kamath shared the news of Zerodha Console's latest feature.
"We, @zerodhaonline, just launched Portfolio Performance Curve on Console. This allows you to visualise your account performance, and you can compare it to a benchmark like Nifty 50. We're probably the only broker to offer this feature in India and possibly worldwide," Kamath wrote.
The performance curve is calculated in a similar way to the NAV of mutual funds. The daily Net Asset Value or NAV is calculated using the P&L of all trades across equity intraday and delivery, F&O, commodities, MTF, and mutual funds, based on the cash in the account.
"The idea with benchmarking is to show you that if you are underperforming, maybe investing in an index fund would be better for you. It was on our list of things to do for a long time, but there were way too many moving pieces, and it got delayed," Kamath shared.
The Portfolio Performance Curve is currently in beta, according to Zerodha's official website. The company will be adding more analytics around risk and profitability, along with additional benchmark indices soon.
