https://nithinkamath.me/tags/risks/Recent content in risks on Nithin Kamath's personal homepageHugo -- gohugo.ioen-usWed, 29 Jul 2026 00:00:00 +0000https://nithinkamath.me/blog/korea-shows-how-leverage-can-amplify-a-market-fall/Wed, 29 Jul 2026 00:00:00 +0000https://nithinkamath.me/blog/korea-shows-how-leverage-can-amplify-a-market-fall/My biggest nightmare as a broker is what’s happening in the Korean markets right now. The source of my nightmare is the way our MTF book has been growing along with the industry as a whole. In terms of pure risk, MTF is by far the biggest risk we have taken since we started in 2010. More specifically, the risk lies in our ₹9,000-crore book: at least half of it is in non-F&O stocks, which can hit lower circuits every day without offering an exit.