sameer mahale @sameermahale

In a data starved country, Rama Bijapurkar is an one woman institution. Her data on consumption is considered highly reliable by the industry. ​In a podcast with Kushal Lodha (@kushallodha), she categorizes our population into these segments based on their ability to spend and consume: ​L5 (Affluent): Annual household spend of ₹11.24 Lakhs+, covering just 25 Million people. ​L4 (Resilient): Annual household spend of ₹5.4 Lakhs to ₹7 Lakhs, covering 71 Million people. ​L3 (Real Middle): Annual household spend of ₹3.8 Lakhs to ₹5.4 Lakhs, covering 200 Million people. ​L2 (Strained Mass): Annual household spend of ₹2.2 Lakhs to ₹3.8 Lakhs, covering 432 Million people. ​L1 (Vulnerables): Annual household spend of ₹1.1 Lakhs to ₹2.2 Lakhs, representing a massive volume of 707 Million people. ​India has a huge population, but the number of Indians with a true ability to spend is very small. Every data point reinforces that. ​The size of a market should never be determined by total population, but by the number of people with actual purchasing power.

For whatever it is worth TCS now trades at a valuation last seen in Jun 2009. ITC now trades at a valuation last seen in Feb 2020 to Nov 2020. HDFC Bank now trades at valuations we have never seen in 20 yrs. This reminds me of the quote from William O'Neil: "It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower."

As an investor, I feel helpless 😒 - SGBs - Killed - Equities - Heavily Taxed - Debt Funds - Lost indexation - Overseas investment by mutual Funds - Stopped - Investing outside India - 20% TCS - Crypto - Complex Taxation - Indian FDs - Taxes at slab - Foreign Investments - INR at low

A case for PMS of Mutual Funds. Many times the toughest job of an MFD is to get the client to act on what's best for him: reduce allocation at the after a big runup and increase the allocation after a big drawdown. That's where a PMS of mutual funds can come in handy. The fund manager has discretion to move between asset classes and funds based on the best interest of the clients.

keyboard_arrow_left Previous keyboard_arrow_right Next

ગાંધીનગરના ગિફ્ટ સિટીમાં કાર્યરત 'શૂટ સ્પેસ ડિજિટલ પ્રાઇવેટ લિમિટેડ' નામની કંપની દ્વારા કરોડો રૂપિયાનું કૌભાંડ આચરવામાં આવ્યું હોવાના ગંભીર આક્ષેપો સાથે આજે મોટી સંખ્યામાં રોકાણકારો કંપનીની ઓફિસે ઉમટી પડ્યા હતા. વડાપ્રધાન નરેન્દ્ર મોદીના ડ્રીમ પ્રોજેક્ટ ગિફ્ટ સિટીમાં આવી છેતરપિંડીની ઘટના સામે આવતા ચકચાર મચી ગયું છે. રોકાણકારોના જણાવ્યા અનુસાર, આ કંપની ટેરાબાઇટ ડેટા સ્પેસમાં રોકાણ કરવાના બદલામાં દર મહિને 5 ટકા જેટલું માતબર વળતર (રેન્ટ) આપવાની લાલચ આપતી હતી. શરૂઆતમાં સમયસર વળતર મળતા લોકોનો વિશ્વાસ વધ્યો હતો, જેના કારણે માત્ર ગુજરાત જ નહીં પરંતુ હરિયાણા અને ગોવા જેવા અન્ય રાજ્યોના લોકોએ પણ પોતાની જિંદગીની જમાપુંજી, દાગીના વેચીને કે બેંક લોન લઈને અહીં રોકાણ કર્યું હતું. ભોગ બનનાર લોકોનો આક્ષેપ છે કે છેલ્લા બે મહિનાથી કંપનીએ વળતર આપવાનું બંધ કરી દીધું છે અને હવે કંપનીના કોઈ પણ જવાબદાર અધિકારી ફોન પર કે ઓફિસમાં સંપર્ક માટે ઉપલબ્ધ નથી. રોકાણકારોએ જણાવ્યું કે કંપનીએ મોટા પાયે 'ભૂમિ પૂજન' જેવા કાર્યક્રમો યોજીને અને મોટી ઓફિસો બતાવીને લોકોમાં વિશ્વાસ જગાવ્યો હતો કે તેમનું રોકાણ સુરક્ષિત છે. અત્યાર સુધીમાં અંદાજે 33,000 થી વધુ ગ્રાહકો આ સ્કીમમાં જોડાયા હોવાનું મનાય છે અને આ કૌભાંડનો આંકડો 300 થી 400 કરોડ રૂપિયાથી પણ વધુ હોવાની શક્યતા છે. આજે જ્યારે રોકાણકારોને છેતરાયા હોવાનો અહેસાસ થયો ત્યારે તેઓ મોટી સંખ્યામાં ગિફ્ટ સિટી સ્થિત ઓફિસ પર પહોંચીને વિરોધ પ્રદર્શન કર્યું હતું. પરિસ્થિતિ વણસતા પોલીસ કાફલો પણ ઘટનાસ્થળે બોલાવવો પડ્યો હતો. ઘણા રોકાણકારોએ 5 લાખથી લઈને 3 કરોડ રૂપિયા સુધીનું રોકાણ કર્યું છે અને હવે તેઓ ન્યાયની માંગ કરી રહ્યા છે. હાલમાં પોલીસ આ મામલે વધુ તપાસ કરી રહી છે અને ભોગ બનનારા લોકોની ફરિયાદ નોંધવાની તજવીજ હાથ ધરવામાં આવી છે. #GiftCity

x.com/i/article/2038…

My guest today is Paul Tudor Jones (@ptj_official), one of the greatest macro traders of all time. He correctly predicted the 1987 stock market crash and shorted the Japanese bubble in 1990. For over 40 years, his flagship fund has had a negative correlation to the S&P 500. 100% of his returns are alpha. He says today's market has so many similarities to 2000, "the easiest bear market I've ever seen in my whole life." He makes the case for going long dollar-yen, why Bitcoin beats gold as an inflation hedge, and why he was wrong about Warren Buffett. But what I'll remember most from this conversation is Paul's zest for life. He's 71 and still wakes at 2:30 every morning to trade the London open. He works out for two hours a day. He walks with his wife every evening. He travels the country chasing peak spring and peak fall. He's so excited about the songs picked for his funeral that he wishes he could be there to hear them. Paul has lived five lifetimes in one. He's one of the most entertaining and interesting people I've met, and the conversation will leave you searching to be as passionate about what you do as he is about what he does. Enjoy! Timestamps: 0:00 Intro 1:00 The Kindest Thing 13:19 Trading vs. Investing 17:33 Lessons from Warren Buffet 22:24 The Existential Risks of AI 29:54 The Nature of Trading 31:46 Bitcoin 35:55 Bubbles 42:08 A Day in the Life of PTJ 46:00 Information Overload 47:07 Passion for Markets 50:49 The Robin Hood Foundation 54:18 The Workless World 56:03 Journalism 1:00:00 Principal Components of a Great Life 1:05:06 Kill Them With Kindness

In 2020, MrBeast wrote an internal handbook for his company. It LEAKED online. He was 22. He predicted it would be worth billions. Billion-dollar founders made their teams read it. Now: 500 employees. $5.2B valuation. 12 lessons from the leaked MrBeast handbook:

Impossible is nothing. DonnaJean Wilde (grandmother of 12 children) holds the longest female plank at over four and a half hours.

Enjoyed my conversations on the markets, attractive investment themes available currently and more. Hope you find some value. @nimeshscnbc @_prashantnair @Nigel__DSouza @Reematendulkar Editors Discuss The Week Gone By & Road Ahead For The Markets | Editors'... youtu.be/yoreXz7hkKo?si… via @YouTube

x.com/i/article/2044…

@nimit_vora @moneyworks4u_fa Hi , please share link . Thank you .

Actively trading stocks to try to beat the market is a loser's game.

Negative Wealth Effects of a Prolonged Bear Market 1. Housing sales lowest in 18 quarters 2. 2026: Retail lost ₹11 lakh cr in equity wealth 3. Participation: Crash hurts 4X more households today than 2018 4. Housing & Equity: Combined slowdown hits consumer sentiment DATA: Positive vs. Negative Wealth Effect a. When stock portfolios and property values go up, consumers feel confident due to their rising net worth. They take auto loans, home loans, consumer loans, and indulge in high-ticket spending. Animal spirits boom. b. The exact opposite happens when net worth falls. Consumer sentiment gets depressed. There is risk-aversion and future looks insecure. Consumption and investment slows down, creating a negative loop, damaging asset prices further. c. IMF Paper on “Marginal Propensity to Consume” (MPC): 10% fall in asset prices leads to a decline in aggregate consumption of about 1 to 1.4% in the overall economy. Indian Real Estate: Jan-Mar 2026 a. Housing sales fell below 1 lakh units for the first time in 18 quarters (after Covid) with 13% YoY decline. b. New Launches declined 19% YoY, indicating a sharp fall in builder confidence. c. Real Estate contributes 8% to India’s GDP and supports core industries (energy, steel, cement, paint, construction). Core Sector growth in India slowed sharply to 2.3% in Feb 2026, down from 4.7% in Jan. d. Property is the primary collateral for lending by banks and NBFCs. With a continued slowdown in housing, the credit cycle may be affected. Plus, the risk of low quality builder loan defaults rises if the slowdown worsens. When the Music Stops: The Aftermath of Euphoria a. Economic Survey 2025-26: Share of equity in household savings jumped 7.5X from 2% in FY12 to 15% in FY25. Monthly SIP inflows increased 7X from FY17 to FY25. b. Household equity wealth expanded from ₹31 lakh cr in April 2020 to ₹84 lakh cr in Sept 2025, representing an increase of ₹53 lakh cr in just 5 years. c. In 2018, there were 3.1 cr unique registered equity/MF investors in India. This number jumped 4X to 12.2 cr in 2026. So, now when the market crashes, it hurts 4X more households than it would have in 2018. d. On Jan 1, 2026, NSE market cap was ₹479 lakh cr. Retail investors’ share in this market cap was ₹91 lakh cr, including direct investors & MF investors. By Mar 31, 2026 retail investors had lost ₹11 lakh cr, with their market cap down to ₹80 lakh cr (12% decline). e. “Average” retail wealth erosion was 12% in Jan-Mar 2026. But 51% of retail investors are direct investors according to NSE Pulse Report 2026, while 49% are MF investors. Direct investors have a concentration in midcaps and smallcaps, which have suffered much deeper value destruction than “average” 12%. For Investors & Policymakers: Recessionary Risks of a Prolonged Bear Market Falling Asset Prices → Weaker Household Balance Sheets → Lower Bank Collateral Values → Borrowing Capacity Falls → Less Spending & Investment → Economy Weakens → Asset Prices Fall Further ENDQUOTE: “You can't predict the future, but you can prepare for it.” – Howard Marks, Legendary Investor (“The Most Important Thing”) @arabicatrader

Please understand

@MDahariya @HDFC_Bank Sir how much amount of AT -1 bonds they sold .

As usual @kaul_vivek hits the nail on the head@Mis-selling is in the DNA of the financial-industrial complex: 👌🏿👌🏿 #RBI #banks

शिक्षित बेरोज़गार @kaul_vivek

4 months ago

Mis-selling: Why your bank is built to betray you My Paisanomics column in the Mumbai Mirror. Mis-selling is a feature of the financial-industrial complex, and not a bug Finance Minister Nirmala Sitharaman recently said that mis-selling is an offence. But that hasn’t

2 38 101 8K 44

Male growth timeline to maturity; Age 1-5: You cry for everything you want. Age 6-10: You fight for everything you want. Age 11-17: You lie about what you want becuz you don't know who you are. Age 18-25: You chase what you want and damage yourself learning the cost. Age 26-35: You build yourself so the world finally respects what you want. Age 36-45: You protect what you built becuz now you understand how fragile it is. Age 46-55: You pay for every mistake you thought you got away with. Age 56-65: You stop pretending and value the few things that actually matter. Age 66-75:.You watch the world move on and realize legacy is louder than noise. Age 76-Death: You face the truth: life was never about the years you lived…..... it was about the man you dared to become.

Put ₹1 lakh in Nippon India Growth Fund 30 years ago. Today? Over ₹4 crore. 400x returns. 22% CAGR for three decades. Sounds amazing, right? Here's the reality: If I could send you back to 1995 and make you invest fresh, you wouldn't get this return. Why? Because you'd quit. Let me show you what actually happened. Right now people are panicking. Last year Nifty gave 0%. Midcap down 3%. Smallcap down 8%. Portfolios are flat or slightly negative and everyone's losing their minds. "Where's my 12%??" Now look at what Nippon Growth Fund investors actually went through in the last 20 years: 2008: Down 63% 2010-11: Down 30% 2012-13: Down another 30% 2015-16: Down 30% again 2020: Down 40% 2022: Down 20% Six major falls. Some brutal. And STILL delivered 22% CAGR over 30 years. The fund didn't make money despite the crashes. It made money BECAUSE people stayed through the crashes. So ask yourself honestly: Can you handle watching your portfolio drop 30-60% and NOT sell? Most people can't. That's why most people don't build wealth. The returns are there. The discipline isn't.

Every social group in India is now a victim - Upper Castes are victims of an apartheid state - Backward Castes have been oppressed for thousands of years - Muslims are victims of a Hindu-majoritarian state - Hindus aren't getting their rights because 'system unka hai' - Farmers, labourers and delivery guys are victims of evil capitalists - Women are victims of a male-dominated society - Men are victims of laws that favour women - Taxpayer is victim of apathy and indifference from the system If you add everyone up, 99% of Indian society sees itself as a victim in some form or another. Politics in multiple states is about groups wanting to be classified as backward or OBCs. There are entire movements based around it. Victimhood "is" the aspiration. If I can get classified as a 'victim', it will give my group more rights, clout and electoral power. It wasn't always like this. Victimhood wasn't seen as a virtue. People weren't encouraged to see themselves with pity. People were taught to work on themselves and improve their lives. It is why groups like the Parsis flourished - they were refugees from a foreign land who came here with nothing. It was an insignificantly tiny population with no voting power or mass movements. They never asked for separate electorates, or reservations or special status. They built schools, hospitals, businesses and institutions. Disadvantage was treated as a problem to be solved through competence, not as a badge to be weaponised. Suffering did not automatically translate into entitlement. Everyone in the country respects the Parsis for who they are, and what they managed to do as a group. Never be a victim. Be like the Parsis.