Capitalmind Podcast

The recent SEBI report reveals a shocking truth: over 90% of F&O traders are losing money. The hosts dissect why this happens, exploring demographic trends and how retail trading resembles gambling more than investment. They tackle the psychology of traders and the regulatory impact of new rules designed to curb losses. The conversation also touches on trading strategies, the role of speculation, and the societal implications of trading in today's markets. Tune in for insights on fighting the odds in the F&O landscape!

Explore the intriguing question of whether holding cash is a smart strategy in today's unpredictable market. Deepak Shenoy shares insights on the emotional challenges investors face when deciding between staying invested and going to cash. The discussion dives into the complexities of cash calls and the balance fund managers must strike during volatile times. Historical comparisons, including lessons from famous downturns, add depth to the conversation. Finally, the role of IPOs and market liquidity in shaping cash strategies is examined, providing practical tips for navigating uncertainty.

Delve into the world of investing with insights on mutual funds, PMS, and AIF. Discover the clever tax benefits of mutual funds and their liquidity advantages. The discussion touches on the psychological reasons behind investor choices and the significance of fund managers. Compare the fee structures and transparency of PMS and AIF, highlighting their personalized approaches for high-net-worth individuals. Ultimately, learn how to tailor your investment strategy to align with your income, risk appetite, and personal goals.

In this episode of the Capitalmind Podcast, we take a deep dive into the world of unlisted and private securities. We’ll cover key topics such as: What exactly are unlisted and private securities? How do you value them, and what complexities should you watch for, like liquidation preferences and ratchets? Who can you sell these securities to, and what about corporate governance risks? Are these investments or just consumption in disguise? We also explore opportunities in the SME segment and how much of your net worth you should allocate to private investments. Whether you're considering investing in a friend's business or a pre-IPO startup like Swiggy, this episode will help you navigate the complex world of private markets. Don’t miss out! Send your ideas for future episodes to podcast@capitalmind.in, and if you're ready to invest with us, visit capitalmind.in to learn more about our PMS service.   00:00 Welcome to the Capital Mind Podcast   00:37 Introduction to Unlisted and Private Securities   04:27 Private vs Public Limited Companies   07:32 Valuing Unlisted Companies   09:26 Complexities of Cap Tables   21:31 Exit Strategies for Unlisted Securities   41:19 The Impact of Swiggy and Zomato on Restaurants   42:57 Investment Opportunities in Unlisted Companies   44:01 Shenanigans in Private and Public Markets   44:49 Case Studies: Byju's and FarmEasy   49:22 The Role of Venture Capitalists   01:05:00 Strategic Investments and Their Impact   01:07:30 Challenges of Investing in Unlisted Companies   01:24:03 The Future of Private Investments   01:24:49 Conclusion and Final Thoughts

In this episode of the Capitalmind Podcast, Deepak and Shray dissect the surge in New Fund Offerings (NFOs) by mutual funds, dissecting why fund houses are launching new schemes and who truly benefits from them—whether it’s the AMC, the customer, or intermediaries like distributors. We also discuss the economics of fund distribution, the role of intermediaries, and how to identify the best options for your investments.  The episode also ventures into the often not talked about side of financial advisory, the unrealistic expectations of managing wealth independently, and the vital role of professional advisors. Additionally, they explore the cyclic nature of NFOs, investor hype in bull markets, and the risks of market oversaturation, concluding with advice on navigating financial products during booming market conditions. Whether you’re a seasoned investor or just getting started, this episode is packed with insights that can help you make informed decisions. Timestamps 00:00 Introduction to the Capitalmind Podcast and disclaimer 00:43 Overview of New Fund Offerings (NFOs) 02:29 Historical Context and SEBI Regulations 03:24 Fund Categories and Flexibility 05:00 The Role of Fund Managers and Themes 08:50 Marketing and Distribution Economics 12:04 Impact on Customers and Fund Houses 29:47 Advertising and Expense Management 33:33 The Role of SEBI in Fund Innovation 34:29 The Impact of Fund Variety on Investors 35:30 The Importance of Innovation in the Mutual Fund Industry 36:59 Challenges of Fund Categorization 42:43 The Role of Financial Advisors and RIAs 49:55 Mutual Fund Distributors vs. Bank RMs 55:27 When to Go Direct with Your Investments 01:05:50 The Cycle of NFOs in Bull Markets 01:09:01 Conclusion and Final Thoughts

Picture this: You’re at your favourite bakery, and you overhear that a celebrity is about to place a massive order for your favourite pastries. You rush to buy them all up before the celeb can, hoping to sell them back at a premium. That, in essence, is front running in the financial world.  We discuss how people pull off this trick and, more importantly, how they get caught.  (Spoiler alert: it’s not as glamorous as a Hollywood heist) Axis Mutual Fund had their share of front running drama not too long ago. Traders making big bucks, splurging on luxury pads and flashy cars—sounds like a plot from "The Wolf of Wall Street”. We’ll break down the fallout and the lessons learned. Currently, Quant Mutual Fund is going through allegations about front running.  How do you, as an investor, make sense of these allegations and decide on your next move?  Should you hold onto your Quant Mutual Fund investments or start thinking about an exit strategy? We talk about all this and more in our latest episode of Capitalmind Podcast.  

Recently, the mere hint of an inheritance tax proposal sparked a mini-political crisis? Thanks to a quick government rebuttal, it’s off the table—at least for now. But that’s not where the story ends. As always, Deepak and Shray go head-to-head, weighing the merits and pitfalls of this hot-button issue.  We’re not just looking at the problem from 30,000 feet; we’re getting into the weeds, examining real-life scenarios and potential solutions that could impact you and your future. Government Finances: Can an inheritance tax significantly boost government coffers? Or is it just another drop in the ocean of fiscal needs? Societal Impact: Will taxing inheritances create a more industrious society, or will it just penalise those who’ve worked hard to create wealth for their children? Implementation: What if we set the bar high, say at 100 crores or even 1000 crores? Would this make the tax more palatable and targeted? Practical Hurdles: Imagine inheriting a house or a business. Sounds dreamy until you hit the wall of unrealised gains and logistical nightmares. We’re peeling back the layers on these challenges. Future Planning: If you’re expecting a windfall 5 or 10 years down the road, how should you plan your finances today? Spoiler alert: It’s not as straightforward as you might think. So, grab your headphones and tune in. Whether you’re a financial novice or a seasoned investor, this episode promises to challenge your thinking and maybe even make you laugh along the way. Timestamps: 00:00 Introduction and Disclaimer 01:25 Should we have an inheritance tax? 07:36 What if inheritance tax is imposed solely on the wealthy? 15:42 Creating a Trust to offset tax 25:04 Are there significant practical difficulties associated with inheritance tax? 35:08 Doesn't implementing an inheritance or wealth tax help reduce asset prices or control inflation? 42:58 How should one prepare for potential inheritance taxes in the future?

Fund Manager Anoop Vijaykumar and Shray Chandra discuss momentum investing principles and success of Capitalmind Adaptive Momentum portfolio. Topics include difference between fundamental and quantitative styles, why momentum investing works, lessons learned in managing momentum strategy, and how to maximize strategy outcomes.

Exploring forgiveness in finance, from forgotten sins to questionable tactics of financial educators. Startup culture blurs lines between innovation and exploitation. Dark side of fund misappropriation by founders. Nuances of AT 1 instrument and customer reactions to fund managers' pros and cons revealed.

Finance experts Deepak Shenoy and Shray Chandra discuss why finance companies try to do everything in the industry, the success of Bajaj Finance, challenges faced by banks in lending, the Indian Bankruptcy code, and solutions to fix financial issues. They explore the dynamics of lending, financial regulations in India, debt recovery practices, corporate lending trends, and regulatory challenges in finance.