Capitalmind Podcast

Discover how money can be more than just a goal; it serves as a tool for experiences and meaning. The conversation critiques GDP as a flawed happiness metric and highlights the complex relationship between wealth and personal fulfillment. Listeners are encouraged to align financial planning with genuine life aspirations, prioritizing memorable experiences over mere accumulation. Explore the intricate balance of wealth, emotional well-being, and how a shift in mindset can lead to deeper satisfaction in life.

The discussion dives into SEBI's allegations against Jane Street, questioning if their strategies reflect market manipulation or clever arbitrage. Insights reveal deeper issues like tax inequities and regulatory blind spots favoring global players. The complexities of options trading, especially around the Bank Nifty index, are examined. Ethical concerns arise about the implications of trading scandals, while the need for reforms in market regulations is emphasized. Philosophical issues about fairness in trading for retail versus professional investors also take center stage.

Retirement planning in India is evolving. With the rise of nuclear families, individuals now have to be proactive about their future. Discussions include the choice between pension schemes like NPS and UPS, and the importance of personal investment strategies. Behavioral insights reveal how forced savings can aid long-term wealth. The concept of a 'Mera account' is introduced to boost private sector retirement savings. Practical tips on managing volatility and optimizing tax efficiency round out the conversation, making retirement planning both accessible and actionable.

Conflict can surprisingly boost economies, a topic dissected through India's defense spending and its implications for sectors like lithium mining. The podcast dives into the tangled relationship between capital expenditure decisions and wartime demands, suggesting a potential economic upswing in manufacturing. Labor laws, market valuations, and the role of diverse investors in risky ventures spark lively debate. Amid sluggish judicial systems and regulatory challenges, opportunities for innovation and economic growth are ripe, especially as global tensions reshape investment landscapes.

The discussion delves into the perception of mutual funds, likening them to fast food for the investment world. It questions whether they are really just for the middle-class and tackles class distinctions in investment strategies. Insights on liquidity, tax efficiency, and the hesitance of the ultra-wealthy to embrace mutual funds highlight economic perceptions in India. The conversation also contrasts mutual funds with direct investments and explores their suitability for retirement and education funding, ultimately challenging the status quo of investment choices.

In this episode, Deepak and Shray unpack the ins and outs of international investing—why it matters, when it makes sense, and who it’s really for. From rupee depreciation to political and geographical risks, they explore the key reasons to diversify your portfolio beyond India’s borders. They also discuss a crucial question: At what level of capital does it become meaningful to place your money outside? The conversation weaves in perspectives from investing greats—Peter Lynch, who believed in the power of consumer insight, and Devina Mehra, whose latest book "Money Myths and Mantras" emphasizes global allocation as a must-have strategy. With fresh data on market returns (both in INR and local currency terms), the duo breaks down how different regions have performed—why Europe and China have struggled, and how the US tech boom, largely driven by the Nasdaq, has outshone the rest. But can the US continue to dominate, especially in light of Fed Chairman Powell’s recent remarks on tariffs? They also touch upon an important side of global investing: taxation. From the complexities of capital gains to the lesser-known estate tax, and how investment vehicles like UCITS can help navigate these issues. Tune in for a comprehensive, no-fluff guide to international investing—what works, what to watch out for, and how to do it right. 0:00 - 2:10 Introduction 2:11 - 8:27 Why should you invest abroad? 8:28 - 10:53 Economic growth ≠ Shareholder returns 10:54 - 19:35 How to select international investments? 19:36 - 27:31 Regular international investments 27:32 - 32:17 Commodity Diversification 32:18 - 40:50 Managed International Investment Solutions 40:51 - 43:37 Good time to global? 43:38 - 47:17 Domestic vs. International Brokers 47:18 - 50:34 Tax on Foreign Equity 50:35 - 54:17 Tax Collected at Source 54:18 - 56:38 U.S. Estate Taxes 56:39 - 59:50 UCITS -- More about us: https://cm.social/pms Connect with us : https://cm.social/pms-connect Deepak's Twitter: @deepakshenoy Shray’s Twitter: @shraychandra Capitalmind Twitter: @capitalmind_in

Discover the unraveling of the global economic order and how tariffs are reshaping trade dynamics. Explore America's past dominance and the rise of China as a manufacturing powerhouse. Learn about the complexities of tariffs, trade deficits, and their implications for U.S. manufacturing and investment opportunities. Delve into the geopolitical shifts affecting countries like India and the U.S., and find out how your portfolio can adapt to this changing landscape.

Explore the booming world of ETFs and their contrasting popularity in the U.S. versus India. Discover why passive investing is thriving in one market but hasn't caught on in the other. The discussion dives into the mechanics of ETFs, pricing dynamics, and the pivotal role of market makers. Learn about the tax advantages, operational differences, and potential long-term benefits of ETFs over mutual funds. Plus, uncover the reasons behind underperformance in India's ETF market and the complexities of trading strategies.

Explore the quirks of mutual funds and pooled investments, revealing how actions of other investors influence your returns. Delve into case studies like Yes Bank and DHFL, which highlight the hidden complexities of pooled vehicles. Understand the critical impact of inflows, outflows, and timing on asset valuations. Learn the differences between ETFs and mutual funds, and the strategic decisions investors must make in volatile markets. This insightful discussion offers guidance on navigating the challenges of investing in these intricate funds.

The podcast dives into the world of profit shares and performance fees in asset management. It questions whether these fees genuinely align incentives or just increase costs for clients. Concepts like management fees, hurdle rates, and the controversial high watermark are demystified. The discussion also touches on hidden fees and the psychological factors influencing investor acceptance. The hosts explain their own fee model, avoiding performance fees entirely, and consider how all these dynamics impact long-term returns.