The One Percent Show with Vishal Khandelwal

Ep. 27 – Nilesh Shah on Transformation of India, Lifelong Learning, and Importance of Humility in Investing

Sep 14, 2023

Managing Director of Kotak Mahindra Asset Management Company, Nilesh Shah, discusses the transformation of India, lifelong learning, the importance of humility in investing, spirituality, and more. The podcast explores topics such as equanimity, open-mindedness in investing, separating signal from noise, the role of spirituality, developing rounded edges and maturity, understanding karma and building an optimum portfolio, and instilling life and money skills in daughters.

01:25:16

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Episode guests

Nilesh Shah

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Episode notes

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Quick takeaways

India's economic transformation is now widely recognized and optimistic, shifting from having to convince people of its growth story to increased belief in its potential.

Financial education is crucial for Indians to become successful investors, as many struggle due to speculative investments, lack of awareness, and falling victim to scams.

Humility, a long-term approach, and a client-first mentality are key factors for successful investing, along with detaching from short-term outcomes and incorporating mindfulness and spirituality.

Deep dives

The Astonishment of India's Economic Growth

The guest, Nilesh, reflects on his long-term bullishness on India's economy, despite doubt from others. He discusses the shift in perception from having to convince people of India's growth story to now witnessing widespread optimism. He also cautions against excessive risk-taking and highlights the need for financial education among Indians.

Introduction

3min

Equanimity and the Yaksh Prussian

26min

The Importance of Open-Mindedness in Investing

23min

Separating Signal from Noise: Developing Independent Thinking and Focusing on News

3min

The Role of Spirituality in Investing

11min

Developing Rounded Edges and Maturity

5min

Understanding Karma, Market Knowledge, and Building an Optimum Portfolio in Investing

4min

Instilling Life and Money Skills in Daughters

11min

I talk to Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company. Nilesh has over 31 years of experience in capital markets and has managed funds across equity, fixed income and real estate for Indian and global investors. While this is my first interaction with Nilesh, I have looked up to him for the last 20 years, ever since I took my first steps in the investment industry in 2003. In this episode, Nilesh talks about the transformation of India, lifelong learning, importance of humility in investing, spirituality, and much more.

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