New Delhi, May 20 -- Online brokerage platform Zerodha's Chief Executive Officer (CEO), Nithin Kamath, in a social media post, spoke about the discussions over rising retail investors from India's Tier 2 and Tier 3 cities may be a "little misleading."

"There's a lot of talk about a huge influx of traders from Tier 2 and 3 towns. This data may be a little misleading. Let me explain," said Kamath in his social media post on X.

Explaining the issue, Kamath said that if people look at Kite by Zerodha's trading activity, according to the KYC (Know Your Customer) addresses of the users, people can determine that there are several retail investors who are investing in the capital markets from the nation's Tier 2 and 3 cities.

"If one looks at...