Shows
Capitalmind with Deepak & ShrayWho Is Really Controlling Your Money? (Not Who You Think)Shray sits down with Deepak Shenoy from Capitalmind to expose how proxy advisors, index manufacturers, credit rating agencies, and one costly habit are secretly making decisions about your investments. What we uncover: Proxy Advisors: How Glass Lewis and ISS voted against Elon Musk's $1 trillion Tesla package—and why their word has become gospel for fund managers managing your money Index Manufacturers: Why NSE and BSE make subjective calls in supposedly "objective" indices. The HDFC-HDFC Bank merger and Reliance-Jio demerger reveal they're acting more like fund managers than neutral rule-followers Current Account Wa...
2025-12-1858 minCapitalmind with Deepak & ShrayWill the U.S. Market Crash in 2026?For 17 years, Deepak Shenoy has made annual Diwali predictions about markets, crashes, interest rates, and more. But how many were actually right? Shray sits down with Deepak Shenoy from Capitalmind to examine his prediction history from 2007 to 2024. He correctly called the 2008 crash and Trump's 2024 victory. But real estate and gold? Wrong almost every year. We break down why most predictions fail and what makes the rare successful ones different. Deepak explains the three elements of valid predictions (direction, magnitude, timeframe), why cash on sidelines signals crashes, how AI bubbles mirror 2000, and why interest rates are...
2025-11-1158 minCapitalmind with Deepak & ShrayGold, Silver, Equities: Which One Deserves a Place in Your Portfolio?When Indian Equity Markets Go Sideways: Are Alternative Assets Worth It? Indian equities have been flat for over a year. So where should you actually put your money? Shray sits down with Deepak Shenoy from Capital Mind to break it all down. Silver just hit $50 for the first time in 45 years. Deepak explains the Hunt Brothers saga, the Thailand import drama, and why silver might only deserve 2% of your portfolio. Gold – it's outperformed. But should you buy now? Only 30% of the time has gold beaten Nifty over 10 years. We also discuss fo...
2025-10-241h 14
Value ResearchHow Capitalmind’s New Flexicap Fund Plans to Stand Out | Deepak Shenoy on Launching a New AMCCapitalmind Mutual Fund has entered the Indian investing landscape—and it’s starting with a bold move: a Flexicap Fund built on a fully quantitative, factor-based investing approach.
In this episode, we speak with Deepak Shenoy, Founder of Capitalmind Mutual Fund, about:
Why Capitalmind transitioned from PMS to launching a fund house
How their investing philosophy blends data, market sentiment, and adaptability
The quantitative engine powering their Flexicap Fund
What sets their approach apart in a crowded flexicap category
Who should invest—and who shouldn’t
We also div...
2025-07-2531 minValue ResearchHow Capitalmind’s New Flexicap Fund Plans to Stand Out | Deepak Shenoy on Launching a New AMCCapitalmind Mutual Fund has entered the Indian investing landscape—and it’s starting with a bold move: a Flexicap Fund built on a fully quantitative, factor-based investing approach.
In this episode, we speak with Deepak Shenoy, Founder of Capitalmind Mutual Fund, about:
Why Capitalmind transitioned from PMS to launching a fund house
How their investing philosophy blends data, market sentiment, and adaptability
The quantitative engine powering their Flexicap Fund
What sets their approach apart in a crowded flexicap category
Who should invest—and who shouldn’t
We also div...
2025-07-2531 minCapitalmind with Deepak & ShrayIs War Good for the Economy?In this wide-ranging chat, Shray plays devil's advocate while Deepak unpacks why conflict often jump-starts economies, how India's defence binge could spill over into everything from lithium mining to 10-minute groceries, and why a 70-hour work-week isn't the villain Twitter thinks it is. Returns—not patriotism—ultimately determine whether CapEx endures, a reality visible in the economics of fracking, rare-earth extraction, and the three types of "crazy" investors who fund long-shot bets: governments, bondholders, and VCs. India's manufacturing ambitions have long been stifled by outdated labour laws and missed opportunities, but we may now be staring at a...
2025-06-031h 23Capitalmind with Deepak & ShrayAre Mutual Funds only Sahi for the Middle Class?Mutual Funds are often seen as the McDonalds of the investment world. They are ubiquitous and convenient, and yet, they are seen to lack the prestige of a fine dining experience aka Private Equity et al. In this episode, we take on the big question: Are mutual funds only for the salaried middle class, or is there a bigger story here? Deepak and Shray dive deep into the history and perception of mutual funds, from their once-exclusive status to becoming the go-to vehicle for SIPs and forced savings. But why don't you hear family offices o...
2025-05-161h 32
That One Idea by WaterBridge VenturesFrom Writing Blogs to Launching a Mutual Fund with Deepak Shenoy, Founder of CapitalmindDeepak brings a refreshing perspective to the world of public-market investing with his humour, sharp analyses and candid opinions. To many, market commentary is as exciting as a mutual fund’s T&C. Deepak Shenoy is the antidote.He turned a humble blog into a ₹2,000+ crore asset management powerhouse, serving returns of 27%+ annually to 1400+ PMS and AIF clients. Deepak also authored “Money Wise”, a best-selling book for people who hate jargon but love money.Most recently, Capitalmind Financial Services received the final approval from SEBI to launch the Capitalmind Mutual Fund, joining a concentrated industry having f...
2025-05-011h 10Capitalmind with Deepak & ShrayNo Passport Needed: Your Guide to Global InvestingIn 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...
2025-04-191h 00Capitalmind with Deepak & ShrayChanging the World Order: Tariff EditionAt this point, you've probably read enough about tariffs to last a lifetime. But what if we told you the real story isn't just about import duties or Donald Trump's next announcement; it's about a slow unraveling of the world order we've all taken for granted In this episode, Deepak and Shray dig into how the US once helped shape a global economic contract — one where it bought the goods, paid in dollars, protected the rest of the world, and in return, the world kept buying US debt. It worked until it didn't. Countries like China started pl...
2025-04-1252 minCapitalmind with Deepak & ShrayThe Unexpected Impact of investing in Mutual Funds and Pooled VehiclesDeepak and Shray discuss the unexpected quirks and consequences of investing in mutual funds and pooled vehicles in general. The discussion covers how your returns and experiences can be impacted by other investors' actions, including issues with inflows, outflows, cutoff timings, and NAV calculations. Specific cases like DHFL, Yes Bank, and Zee promoter bonds are examined to highlight how complexities in pooled vehicles can affect investment decisions. Additionally, the episode provides insights on how to navigate these challenges and the importance of understanding the nature of pooled investments. 00:00 Introduction 00:43 Understanding Mutual Funds and Pooled Vehicles
2025-03-0658 minCapitalmind with Deepak & ShrayProfit Shares & Performance Fees: Are They Really Worth It?In today's episode, we break down profit shares and performance fees, one of the most debated topics in the asset management industry. Are they a fair way to align incentives, or just another way for fund managers to charge more? We get into the nitty-gritty of who can charge performance fees in India and how it works, the meaning of terms like management fee, hurdle rate, catch-up, and high watermark, and whether performance fees actually create skin in the game for fund managers. We also discuss why losses and performance fees don't go well together, whether investors...
2025-02-061h 03Capitalmind with Deepak & ShrayBudget 2025: More Money in Your HandsDeepak and Shray analyze the implications of this budget on consumption, manufacturing, investments, and its impact on your wallet. ---- 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
2025-02-0328 minCapitalmind with Deepak & ShrayThe fight between the Dollar and the RupeeIn this episode, Deepak and Shray dive deep into the dynamics of the Dollar-Rupee equation. With the rupee at 85 to the dollar, what does this mean for us as investors and consumers? Are we losing 3-4% in dollar terms every year without realizing it? And if so, does investing in global assets provide a better hedge? Join us as we break down historical trends in the exchange rate, the RBI's role as the on the same and why inflation differentials drive the long-term trajectory of currencies (or why they may not in this case). Along the way, we explore...
2024-12-231h 12Capitalmind with Deepak & ShrayAre Foreign Investors (FIIs) Less Important Now?Ever wondered if the Indian stock market still needs Foreign Institutional Investors (FIIs) now that domestic investors are stepping up? Shray and Deepak chew over this hot topic in our latest episode. They examine questions like whether foreign investors are responsible for recent market declines, who the primary owners of Indian companies are, and why foreign ownership is decreasing. They discuss the impact of regulatory changes, such as increased KYC requirements and the end of tax benefits for investments through Mauritius, Singapore, and Cyprus. The episode also delves into the differences between Foreign Portfolio Investors (FPIs) and...
2024-12-031h 05Capitalmind with Deepak & ShrayThe F&O Game is fair even if 93% of people lose moneyIn this episode of the Capitalmind podcast, Deepak and Shray dive into SEBI's recent report analyzing the profits and losses of F&O traders. The report reveals a staggering statistic, showing that over 90% of individual traders have lost money in F&O trading in the past few years. They explore the reasons behind these losses, the demographic impacts, and whether F&O trading is more akin to gambling than investment. They also discuss SEBI's new rules aimed at curbing losses and what these changes mean for both novice and seasoned traders. Tune in to understand the full implications of...
2024-11-181h 26Capitalmind with Deepak & ShrayA Structured Approach to Cash Calls: Deepak Shenoy's FrameworkIn this episode, recorded in early October 2024, we're diving into a topic that's on everyone's mind: Is holding cash a smart move in these unpredictable markets? We're in what some are calling one of the most "unloved" bull markets—stocks keep rising, but investors (ourselves included) are uneasy, waiting for the other shoe to drop. To help us unpack whether cash can actually give your portfolio an edge during uncertain times, we brought in none other than Deepak Shenoy. Together, we explore whether holding cash can protect you from potential downturns or even help you ou...
2024-10-251h 13Capitalmind with Deepak & ShrayMutual Funds, PMS, or AIF: Choosing the Right Investment Vehicle for Your Needs In this episode, Deepak and Shray dive into the intricacies of mutual funds, Portfolio Management Services (PMS), and Alternative Investment Funds (AIF). We analyze the tax benefits of mutual funds, highlight the liquidity advantages, and compare them with PMS and AIF in terms of fees, transparency, and investment flexibility. We also discusses why different products cater to different investors based on their income levels, asset sizes, and risk appetites. The conversation covers the psychological and practical reasons investors might choose one investment vehicle over another, the role of fund managers, and the impact of regulations on investment returns. 00:00 Introduction and O...
2024-09-2156 min
Capitalmind with Deepak & ShrayInvesting in Unlisted Companies: What's the deal? 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...
2024-09-111h 25Capitalmind with Deepak & ShrayWhy so many new Mutual Fund NFOs? 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 exp...
2024-08-231h 09Capitalmind with Deepak & ShrayWhat is front running, really?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 ma...
2024-06-2859 minCapitalmind with Deepak & ShrayThe Hulla Over Inheritance TaxRecently, 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...
2024-05-2350 minCapitalmind with Deepak & ShrayMomentum Investing in India with Anoop VijaykumarIn this comprehensive discussion, Fund Manager and Head of Research Anoop Vijaykumar and Shray Chandra distil the key lessons from over five years of managing the Capitalmind Adaptive Momentum portfolio. Get a concise overview of the principles of momentum investing driving the portfolio's success. Learn from our real-world lessons on why momentum investing works for long-term wealth creation 00:36 Introduction 01:54 Momentum strategy in the last 5 years 03:30 Difference between the fundamental and quantitive styles 08:00 Random correlations when backtesting a quantitive strategy 10:30 Capitalmind Adaptive Momentum strategy
2024-05-0333 minCapitalmind with Deepak & ShrayAll is forgiven in the financial marketsHave you ever wondered why finance seems to have a forgiving nature? From the sins of the past being easily forgotten to the belief in second chances, we'll explore the nuances of forgiveness in the financial realm. We'll dissect the tactics some "for education purposes only" players use to enrich themselves at the expense of their students. It's a sobering reminder to always question the motives behind the message. We uncover the darker side of startup culture, where founders blur the lines between innovation and exploitation. It's a cautionary tale for aspiring entrepreneurs...
2024-04-231h 22
Why Not Mint MoneyInvestor's guide: Momentum Investing with Capitalmind's Anoop VijaykumarWhat is momentum investing? Join is interesting conversation with Mint's Anil Poste and Anoop Vijaykumar, Fund Manager and Head of Research at Capitalmind. Anoop shares insights into what sets momentum investing apart, the key factors in identifying momentum stocks, and how to manage risk in this strategy. He also discusses successful momentum investing stories. Whether you want build your own momentum portfolio or looking for products that follows momentum strategy., this conversation offers valuable insights and practical advice for investors.
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2024-04-0827 minCapitalmind with Deepak & ShraySuper-money: Why everyone wants to be everything in Finance The idea that finance companies want to do everything from payments to lending to broking to investments is strange - why not just be good at one thing? It's a simple explanation, it turns out. Find out more about the business of money in a language you can easily understand, through the words of Deepak Shenoy and Shray Chandra. Capitalmind manages Rs. 1700+ cr. as a SEBI-registered PMS, and has quantitative investing strategies that use extensively tested factor data to invest into stocks. Our flagship Adaptive Momentum strategy has outperformed the market indices over 5+ years.
2024-04-041h 18Capitalmind with Deepak & ShrayWhy do financial markets have circuit limits?Ever wondered why circuits are in place? It all started on Black Monday in 1987, where a 25% market correction prompted the introduction of market-wide circuit breakers in the US. These limits aimed to ensure market maker solvency and prevent panic-induced trading. Fast forward to 2001, and India also introduced circuits to handle intraday market volatility. From the Nifty's inception to the imposition of index-level circuit filters, the Indian market landscape has witnessed a steady evolution in its approach to market regulation. In this episode, we delve deeper into the concept of circuits, with real life s...
2024-03-0542 minCapitalmind with Deepak & ShrayRBI hits NBFCs hard with two new regulationsIn today's episode, we delve deep into the recent actions taken by the Reserve Bank of India (RBI) towards the end of 2023 and the ensuing ripple effects they've set off. The RBI, often the silent architect of our financial landscape, has made strategic manoeuvres that reshape the terrain for banks, non-banking financial companies (NBFCs), and borrowers. Discover how these regulatory shifts could impact financial decisions and the broader economic landscape. From the nuances of risk weights to the implications for personal loan growth, this episode promises to demystify the complex world of financial regulations in...
2024-01-301h 10Capitalmind with Deepak & ShrayA Deeper Look into Asset Management in IndiaJoin us on Capitalmind Podcast, where we demystify the world of finance without the jargon. In today's episode, talk about the asset management industry in India and what's in store for the future. Now get this - Mutual Funds own only 8% of Indian companies, while retail investors own 9%. Let's rewind. In 2005, despite impressive returns, MFs didn't gain much attention due to high fees and the lack of tax advantages. Fast forward to 2018, capital gains and dividend tax changes sparked a surge in MF investments, increasing their ownership to 8%. Explore the shift in India's...
2024-01-201h 09Capitalmind with Deepak & ShrayHow money gets created in IndiaEver wondered about the whole money thing – how it's made, where it comes from? Well, in this podcast episode, we're breaking it all down, and without using any jargons. We also promise that this podcast will not remind you about an economics class. Because, it's not a lecture on economic theories. Nope. It's more like your friend explaining things in a way that just clicks. You'll walk away with a bunch of useful insights to help understand the concept of money a little better. Make sense of those tricky concepts you read about in newspapers or...
2023-12-051h 06Capitalmind with Deepak & ShrayGoing gaga over options in India If you are even a little active on social media, especially Twitter, you would have witnessed the exponential increase in tweets related to options trading. Today, we are are going to talk about that - Indian's going gaga over options trading. Deepak & Shray, take a detailed look at this fascinating phenomenon and tell you all that you need to know - except telling you about an options strategy that always makes money no matter where the market goes. In this episode, we delve into the history of options, the factors driving their growth, a...
2023-11-081h 20Capitalmind with Deepak & ShrayShould you invest in a PMS?Welcome back to the Capitalmind Podcast – a place where we dissect the nuances of finance and investing, in a world that never stops changing. Your hosts, Deepak & Shray, are here to de-clutter yet another topic in their lucid and candid style. In today's episode, we're zooming in on Portfolio Management Services (PMSes), a vehicle for your long-term wealth management. Here's a glimpse of what's on our financial canvas today: PMS Demystified: We're going to peel back the layers on Portfolio Management Services – both the legalese and the real-world implications – to answer the quintessential question: "Does it make se...
2023-10-111h 08Capitalmind with Deepak & ShrayHow to invest a lumpsum amount?You've tuned in to another episode of The Capitalmind Podcast, where we tackle a question that's been on your mind: "There's a lumpsum in hand, what's your next move?" In a world where SIPs are all the rage, we're steering the ship towards understanding how to strategically deploy a substantial lumpsum amount. Deepak & Shray walk you through these aspects of managing, deploying and even spending that lumpsum gain. They discuss: Deciphering tax implications: The financial realm is fraught with complexities, especially when it comes to taxes. We delve into the intricacies, figuring out how...
2023-08-221h 31Capitalmind with Deepak & ShrayStock market returns are lumpy. Get used to it!Our latest podcast episode is here, and it's all about exploring the different ways investors make money in the market. From thrilling arbitrage strategies to the art of short-term trading, we'll cover it all in a language that even your neighbour's fish could understand (well, almost!). But that's not all—our experts will take you on a journey through long-term fundamental investing and quantitative approaches too. Expect some fascinating stories, like the infamous LTCM blow-up, and how best investors (& trades) made their fortunes. We'll also unravel the logic behind the elusive VC's hunt fo...
2023-07-201h 11Capitalmind with Deepak & ShrayWhat Lies Behind Mutual Fund Expense Ratios: SEBI's Call for Transparency in TERsWelcome back to another episode of our podcast, where we dive deep into the world of finance and investment. In today's episode, we will be exploring the fascinating realm of mutual fund costs and SEBI's recent proposals to bring them down. As the saying goes, "The devil is in the details," and when it comes to investing, understanding the various expenses involved is crucial for making informed decisions. In this captivating episode, we will dissect SEBI's latest discussion paper on Mutual Fund TER (Total Expense Ratio), which shed light on the inner workings of mutual...
2023-06-091h 06Capitalmind with Deepak & ShrayHow arbitrage funds might have systemic risk on a tax-rule change"If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck", goes the saying. Arbitrage mutual funds are actually taxed as equity funds but they actually behave as debt funds. And this tax arbitrage of arbitrage funds is what the regulators may be looking to fix. In light of this, we have our latest episode of the Capitalmind Podcast, where we dive into the intriguing world of arbitrage mutual funds, also known as arb funds. In this shorter episode, our hosts, Deepak and Sh...
2023-06-0144 minCapitalmind with Deepak & Shray[Podcast] Here's why taxes impact your investing decisions"Taxation is the price we pay for civilisation," as the saying goes. But what happens when the price tag keeps going up? You may have thought you understood the friendly taxation system, until a new rule comes up that leaves you feeling like you've been sucker-punched. That's what recently happened when the government took away the tax efficiency of debt mutual funds and increased taxation. Suddenly, investors were left wondering how this would impact their investments and whether they needed to change their strategies. In this episode of our podcast, Deepak and Shray delve into...
2023-05-021h 12Capitalmind with Deepak & ShrayHow does short selling work?"A market without bears would be like a nation without a free press. There would be no one to criticize and restrain the false optimism that always leads to disaster" - Bernard Baruch Short selling is mostly misunderstood and often demonized. Quite understandable, it's difficult to put your head around a concept that involves selling something that you don't already own. But, it's not as sinister as it is made out to be. Markets have enough checks and balances to accommodate short sellers and maintain their balance. Recently, we saw Adani group stocks...
2023-03-281h 06Capitalmind with Deepak & ShrayWhat led to the crisis at Silicon Valley Bank (SVB)?Things escalate and hit the fan very quickly in banking. It's fascinating to see how banks go belly-up for the same fundamental reasons but in an entirely unique way each time. It's like being served the same romantic comedy story again and again with different actors, locations, and songs. But, these banking crisis stories are not as enjoyable and they hurt real people financially and emotionally. In this episode, we discuss the crisis at Silicon Valley Bank. How this seemingly robust, conservative, bank with $180 billion in deposits tumbled down in just a couple...
2023-03-171h 15Capitalmind with Deepak & ShrayThe problem with "adjusted" financial accountsAnyone who thinks financial accounting is boring hasn't seen the creativity in some of the financial statements. Not just in India but across the world. In this podcast, Deepak and Shray discuss the shenanigans of financial accounting while referencing various case studies from the business world. This discussion is important because "new age" businesses in India have started reporting "adjusted" accounting statements along with standard reports. While we do understand the need for "adjusted" metrics to gauge the health of a business. Especially when the nature of business is unconventional and may not be represented...
2023-03-021h 14Capitalmind with Deepak & ShraySEBI takes a big chunk of income away from stock brokers Stockbroking is a unique business enabling millions of people to trade billions of dollars of stocks with unknown counterparties. All trades, in this highly regulated ecosystem, are executed seamlessly, settled correctly, and recorded meticulously. It's fascinating to see how far India has come in making this ecosystem world-class and in some cases, the best in the world. In this podcast, Deepak and Shray discuss the nuances of stock broking and how proposed regulations will impact the stock broking industry. They discuss, in detail, the role of stock brokers, regulators (SEBI), clearing corporations, exchanges, a...
2023-02-171h 08Capitalmind with Deepak & ShrayWhere to invest in 2023?Forecasting is a very difficult business, like selecting lottery tickets. No one could have predicted 2022 as a year in which there was geopolitical war, worldwide inflation, a massive hike in interest rates worldwide, and the US S&P 500 down about 20%, and yet, the Indian markets ended up 4%. If anyone got this spot on, they could still be terribly wrong for 2023. That's why we don't predict, we react. So, what's going to happen in 2023? We can almost hear this question, despite all the data that says prediction is a waste of time. But then...
2023-01-301h 05Capitalmind with Deepak & ShrayImagining MERA: My Empowered Retirement AccountIn this conversation with Shray, Deepak shares why he feels now is the time for India's concept of a Retirement Account - he calls it the MERA account. This account should help improve investment opportunities for retail customers, create a longer-term investment horizon and push people to save for their retirements. Listen in as we discuss: The concept of a retirement account Impact on the economy and people Imagining a retirement account scheme that works for India The operational aspect of such an account Who would oppose such a thing? Show notes and references
2023-01-0445 minCapitalmind with Deepak & ShrayLIC's Uncommon Profit and The HDFC TwinsOf late, we have been discussing macro trends that affect the stock markets, the economy, and as an extension, the world. We have been zooming out to capture the big picture painted by investors, regulators, and the invisible hand of Mr. Market. In this episode, Deepak & Shray break from the trend and do something different. Rather than zooming out, we zoom in. We discuss two companies that are going through fascinating developments and make for an interesting discussion. LIC is a recently listed insurer that has a gigantic balance sheet and is a household name...
2022-12-0147 minCapitalmind with Deepak & ShrayPodcast: Investing in a world with high interest ratesAs we slowly settle into the post-pandemic era, one of the hallmarks of this period has been higher inflation than we have seen in the recent past. In response to rising inflation, central banks across the world have responded with a fierce interest rate hiking excursion. As a consequence, neither of the asset classes–stocks, or bonds, have performed well recently. It raises an essential question: how should we look at allocating our savings? That's precisely what Deepak and Shray are here to talk about, among intriguing followup questions one may have when it comes to...
2022-11-171h 03Capitalmind with Deepak & ShrayPodcast: UPI is most valuable when freeRBI released a discussion paper that said: We've let you good people live all this time with "free" payment systems, so should we allow banks to start charging now? Specifically for UPI, which has reached volumes of 10 lakh crore rupees per month? And should we charge merchants? Deepak's answer is a big NO. He firmly believes that the payments ecosystem (and the economy as a whole) will gain much more than any fees on UPI transactions will. As always, Deepak has a context to his argument and covers a wide range of nuances. Listen to...
2022-09-231h 20Capitalmind with Deepak & ShrayWhy SEBI should implement India's EDGAR and moreRecently, as of 7th September 2022, total Demat accounts in India touched the 10 crore mark. This is a staggering increase from 4 crore Demat accounts in Mach 2020. This alone is a testimony of increased participation and inclusion of individuals in Indian markets. More and more Indians, especially youngsters, are taking to investing in equities enabled by their smartphones - digital broking, increased information access, and social media influence. The whole securities (stock) market ecosystem has evolved immensely over the past decade and deserves a lot of credit for the recent growth in the participation of new investors...
2022-09-081h 19
Kitabi KarwanSeason 3 Episode 15 : Deepak Shenoy, Founder at CapitalMind and author of Money WiseWelcome back to Kitabi Karwan. In one of the last episodes of this season, I am joined by Deepak Shenoy, a man who dons many hats. He is a fund manager, an entrepreneur, a techie, a passionate blogger and a financial market expert. Founder of the widely popular and successful PMS CapitalMind, Deepak's views on the financial markets are regularly appreciated across the spectrum.
Tune in as we talk to him about his first book, a brilliant introduction and straightforward guide to personal finance, some timeless lessons, and in his candid style, some amazing anecdotes.
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2022-08-3146 minCapitalmind with Deepak & ShrayTurbulent times - RBI thrives, Fed fumblesMarkets are slaves of earnings and liquidity. Liquidity has taken prominence after the coronavirus outbreak. At first, central banks across the world increased liquidity by cutting rates and helping their populace to live through the pandemic. Then the after effects of increasing liquidity hit – increased inflation. Now, the same banks are sucking out liquidity by increasing interest rates to counter inflation. The looming after effect of increasing rates is the "r" word that is too pious to speak loudly. In this podcast, Deepak & Shray discuss the two central banks that impact us the most – RBI and...
2022-08-211h 06Capitalmind with Deepak & ShrayWhy the crypto crash impacts you?Crytocurrencies were all the rage in past few years on account of rising asset prices and volatility. Now, they are going through a bear market that has witnessed some popular currencies going totally bust. This pehnomemnon of an "asset class" going from hot to untouchable is not new. We've seen this again and again in different forms and proportions. The current bear market in cryptos certainly impacts the investors, start-ups, promoters, and VCs who are directly involved in the crypto business. But, this bear market has second-order effects that may impact you as well. Listen in, as D...
2022-07-251h 02
Capitalmind with Deepak & ShrayIs it a good time to invest in gold?In this episode, Deepak and Shray unravel different aspects related to investing in gold. Gold has been around as a store of value for a couple of millennia, probably longer, because of how little there is and how difficult it is to get out of the earth. Now get this - all the Gold mined would fit in a crate with sides of 21 meters. That's roughly the length of three and a half standard containers. Yet, in the last decade, this scarce and loved asset class has done just enough to match inflation. T...
2022-06-2948 minCapitalmind with Deepak & ShrayMasala Money: Krish Ashok X Deepak Shenoy on Food and FinanceTwo engineers get together to discuss two life essentials - food and money! Our food expert is Krish Ashok. Ashok is Global Head, Digital Workplace at TCS. He is a techie, a musician and an author. He talks about the science behind food, the history of food and offers a lot of food for thought for us to explore further. If you are interested, a good starting point is his famous book - Masala Lab. Our money expert is Deepak Shenoy. Deepak talks about the importance of managing your finances, the myths about investing, the fallacies that...
2022-05-052h 44Capitalmind with Deepak & ShrayThe creator economy with Amit Varma, and lessons from Deepak's book MoneywiseToday's episode is a crossover with The Seen and the Unseen podcast, hosted by Amit Varma. Amit and Deepak discuss how their careers - as creators - have evolved with the digital age. And their journey of discovering their own authentic voices. They take a first hand look at the creator economy and how it's shaping the media today. 2:32:00 onwards, they discuss key lessons in Deepak's new book, Money Wise, along with some behind-the-book stories.
2022-04-035h 02Capitalmind with Deepak & ShrayWhy you need to stop buying bankrupt companiesWhat happens when a company goes bankrupt? Why do investors buy their stocks that are headed to zero? In this episode, we explore how the Insolvency and Bankruptcy Code (IBC) has changed the game. Deepak explains the many nuances of current regulations and how they've evolved. We dive into examples such as Bhushan Steel, Sintex and Ruchi Soya - which we hope will give you clarity. Listen in and decide. Would you stay the hell away from such stocks, or start hunting for bargains? --- Understanding Bankruptcy Businesses are tough and the best...
2022-03-2954 minCapitalmind with Deepak & ShrayCBDC - Can RBI make a big leap into the future with digital currencies?There is a lot to unpack about this new digital currency RBI is talking about. Deepak and Shray built up the discussion by pondering over successive questions. Deepak takes us through how cryptocurrencies currently work. This sets up the context to the current ways of handling digital currencies and we move on to discuss the RBI-backed digital currency - Central Bank Digital Currency (CBDC). Key Points How CBDCs are not cryptocurrencies? And how are they different? Is CBDCs actually required or is it a response to the popularity of cryptocurrency? So basically, why now? Is the C...
2022-03-171h 02Capitalmind with Deepak & ShrayWhat you know about inflation might be wrongAs Indians, we discuss Inflation only during elections which makes it less of transient and more of seasonal! But, as investors, we discuss inflation a little more. The latest reason for it is the hammering of growth stocks across markets which is blamed squarely on inflation. In this podcast, we understand the practical concept of Inflation with examples, its impact on your investments, its impact on our daily lives, and how it impacts different people differently. We promise, thinking of inflation in this podcast will be much more interesting than what you experienced...
2022-02-2453 minCapitalmind with Deepak & ShrayThe secret to HNI IPO funding that the RBI just killedHow do High Net Worth Investors invest SO much in IPOs? Nykaa's IPO saw Rs. 1,00,000 crores invested by the well heeled Indian investors. But not much of it is their own money - they borrow it. In this episode, Deepak and Shray unravel the dynamics of an IPO application for HNIs. From the rules of allocation, the big business of IPO funding, how HNIs can borrow 100X their money, systemic risks, how grey market premium (GMP) works, the role of regulators and the road ahead. Read more here
2022-01-2031 minCapitalmind with Deepak & ShrayLessons from 2021, the year irrationality went viralOn today's show, Shray asks Deepak about how to make sense of the past two years in the markets, macroeconomics, and the seeming irrationality of it all. They also talk about how to look at the year ahead. Highlights 2021 bad year with all the lives lost, but it happened to be good for markets with the number of IPOs at an all-time high NIFTY returned approximately 23% and has been positive for the 6th consecutive year India being top-heavy, from the income distribution standpoint caused the kid of market outcomes we saw Small firms got hit the m...
2022-01-0444 minCapitalmind with Deepak & ShrayWhy SEBI doesn't want you getting advice from unregulated algosWith technology comes great responsibility, says SEBI, as it attempts to regulate the algorithmic trading markets that have just started to evolve in India. The concept of "API" trading, through Application Programming Interfaces is the standard in the web and app-based world, but SEBI doesn't want you to manage your own money programmatically. Or, worse, to give it to someone else who is "unregulated" to manage your money through an algorithm either. In this episode we discuss SEBI's recent consultation paper on algorithmic trading and how it impacts you. What roles do algorithms play in managing your...
2021-12-1448 min
The Neon ShowSecrets to Financial Independence ft Deepak Shenoy, Founder & CEO, Capitalmind# What is Financial Independence? # Does everybody need precisely 10 crore to be happy? # Is the process of “Wealth Creation = Cutting out on all your wants & desires completely”?For the past 2 years, it seems like everyone around us is investing either in stocks or crypto and also making generous profits. And you too are probably thinking to jump in right? After all - # Markets are at an all-time high # Crypto is “The N...
2021-11-2146 minCapitalmind with Deepak & ShrayP2P lending in India. How does it work and are the risks worth it?How does P2P lending work in India? How safe is P2P lending? Deepak and Shray explore how the industry works, the risks involved and whether the returns are enough to justify the risks. Summary Banks keep a considerable spread between the interest they offer on a deposit and the interest they charge a borrower. So, some people think, why is the spread so big? Why can't I deal with the borrower directly and receive more interest on my money? The problem is you don't know the person you are going to be lending money...
2021-11-151h 04
Capitalmind with Deepak & ShrayTerm Insurance: Why and when do you need it?Episode 41 - Deepak sits down with returning guest Ruchir Kanakia, the founder of the insurance distribution company OneAssure to discuss our favorite insurance product - term insurance. Summary: How term insurance works for you and the company that sells it to you Debt or Dependents – the two reasons to buy term insurance How Covid and the fact that a handful of reinsurers control everything has made your office insurance a bit less reliable – consider buying a personal one too How much coverage is enough and how much the insurance company will give you Why you should opt...
2021-09-1855 min
Capitalmind with Deepak & ShrayHow Smallcase helped create a new generation of investorsEpisode 40 and we're speaking to the fintech firm that just raised 40 Million dollars last week - Smallcase! Deepak sits down with co-founders Vasanth and Anugrah to talk about creating a new way to invest in stocks, investment lessons from the pandemic and what's up next from the Smallcase team.
2021-08-312h 00
Capitalmind with Deepak & ShrayWhy we run a PMS and how we do it differentlyWhat is a Portfolio Management Service? How does it really work? Do they actually benefit their clients? In this episode, Vashistha and Deepak explore PMS' through their experience of running one at Capitalmind. They explain how the operations work, the pros and cons of different fee structures, quantitative strategies and how PMS' are different from AIFs, Mutual Funds and Smallcases.
2021-08-092h 36
Capitalmind with Deepak & ShrayMoney, after you dieHow do you plan for a smooth transfer of your wealth after you die? And how do you help someone whose loved one has passed on? In this episode, Shray and Deepak explore what you must do in an unfortunate circumstance of a loved one's death, and for an easy transition in case of your own. We also invite Harshavardhan Ganesan, a practicing lawyer, to give us the legal perspective. Listen in for real life anecdotes from covid, succession certificates, legal wills, and some counter-intuitive learnings.
2021-06-101h 22Capitalmind with Deepak & ShrayHidden risks to the financial systemAre the recent problems - GME, Greensill and Archegos - signs of a damaged financial system that is so terribly fragile that a slightly bigger disaster can easily crush it? Like what Covid has done to the world's health system, are there more hidden risks in our financial system that can trigger a repeat of 2008? In this episode, Deepak and Shray explore what's happened in the US over the past few months, and examples of hidden leverage within India - from Harshad Mehta to Karvy, Zee, DHFL and more.
2021-04-1553 min
Capitalmind with Deepak & ShrayFoundations of health for the wealth-walas, with LiveAltLifeOn today's show, Deepak invites Vivek Subramanyam of LiveAltLife to discuss the one thing without which wealth means very little - health. Vivek breaks down the foundations of health to help avoid or even reverse lifestyle diseases as Deepak draws paralells on human behavior from the world of investing.
2021-03-091h 20
Capitalmind with Deepak & ShrayHow the Govt borrows and why you should lend to them directlyOn today's show, Shray asks Deepak about government borrowing and debt, how the RBI can help bring down borrowing costs, the new rules that make your provident fund much less attractive and how we can now invest directly in Government bonds instead of Fixed Deposits.
2021-02-261h 02
Capitalmind with Deepak & ShrayShrinking FD rates, expensive loans and where to invest insteadIn this episode, Shray and Deepak discuss the evaporating returns from safe investments such as FDs, what it means for lending, and how should you invest in this new (to India) low interest-rate world.
2021-01-0547 min
Capitalmind with Deepak & ShrayMomentum investing, unintuitive yet effectiveIn this episode, Shray and Anoop discuss momentum investing and how we implement it as portfolios at Capitalmind.
2020-10-2228 min
Capitalmind with Deepak & ShrayGetting started with health insuranceIn this episode, Deepak and Shray invite Ruchir, co-founder of OneAssure, to walk us through how to get started with health insurance.
2020-09-1640 min
The Juggernauts by PMSkart | OneTreeHillS01E04 | Deepak Shenoy | The Juggernauts | CapitalMindDeepak Shenoy : The fund manager who predicted the bounce back!
"Liquidity is like a hallucinogenic drug - will continue to give markets it lows and highs" - DS
Deepak's Twitter to follow : @deepakshenoy & @CapitalMind_in
PMSKart Twitter to follow : @PMS_Kart
2020-09-0135 min
Capitalmind with Deepak & ShrayHow trend following can make buy and hold betterIn this episode, Shray and Sandeep discuss how adding a trend following layer to a long-only portfolio can help enhance returns and lower drawdowns, in the context of Capitalmind Chase - our own such strategy.
2020-08-2432 min
Capitalmind with Deepak & ShrayThe Big Hairy Audacious RelianceIn this episode Deepak takes on the Reliance Jio story. Is the stock in a bubble, is there any danger of it becoming a monopoly and why is there only one Reliance in India. Preview "Dhirubhai Ambani himself is responsible for a lot of the shareholder culture in India. Till the early 80s minority Shareholders were considered like second class citizens - there were institutions and promoters - that was all that people cared about. In Dalal street, the "Operators" would consider retail shareholders the pits, they would con people all the time. People would...
2020-08-0541 min
Capitalmind with Deepak & ShrayDiscussing credit scores, trust, valuing your time and habits of the wealthy with Kunal ShahDeepak Shenoy of Capitalmind hosts Kunal Shah of CRED as they analyze the affluent - their spending patterns, usage of credit and habits that help them succeed. They talk about high trust groups, creating wealth and incentivizing good behavior. Preview Less than 1% will know what their income per hour is. Therefore, if you find somebody who is making Rs 5,000 per hour (and there are many ways to calculate this). But let's say you spend 30 mins to get a Rs 1,000 discount on your flight ticket - was it worth your time?
2020-07-071h 17
Capitalmind with Deepak & ShrayWhy credit rating agencies are irrelevant and deserve a downgrade (EP28)On today's show, Shray asks Deepak about the recent downgrade of India by Moody's. Should we care? Are rating agencies more or less relevant after the 2008 debacle and what does the downgrade mean for India. Preview "There's an internal class system they have developed. Whether it is between companies or across countries. The developed countries get a different framework to work with and what they call the non-developed is held to a different standard."
2020-06-0947 min
Capitalmind with Deepak & ShrayThe run on debt mutual funds. Is your money safe?On today's show, Shray and Deepak discuss debt mutual funds. How do they really work? What do they invest in? And how do you evaluate these funds before investing in them? Preview "The whole money supply in India is about 150 lakh crores. Half of that is in Fixed Deposits with banks. Around 30-40 lakh crores is sitting with government bonds/funds issued by the government. The rest in retail deposits. Debt Mutual funds are nascent in comparison... we've calculated that you can pay 80% less tax if you hold a debt fund giving roughly the same...
2020-05-041h 05
Capitalmind with Deepak & ShrayWho moved my market? FIIs? (EP 26)On today's show, Shray and Deepak discuss FIIs (Foreign Institutional Investors). Who are they, how big are they, and what role do they play in our markets? Read the transcript here.
2020-04-1744 min
Capitalmind with Deepak & ShrayHow do you invest through a panic? (EP 25)On today's show, we discuss the extreme volatility in financial markets and the Covid-19 pandemic affecting our daily lives. Is this a panic? How to we invest through this storm? Read the transcript here.
2020-03-1547 min
Capitalmind with Deepak & ShrayHow big is LIC anyway? (Ep-24)On today's show, Deepak Shenoy (CEO) and Aditya Jaiswal (Analyst) try to understand the ₹30 trillion behemoth, the Life Insurance Corporation of India (LIC). Transcript: https://www.capitalmind.in/2020/02/podcast-how-big-is-lic-anyway/
2020-02-2538 min
Capitalmind with Deepak & ShrayHow India's amazing new financial infrastructure will enable better, more inclusive "Bharat UX" (Ep-23)On today's show, Deepak Shenoy (CEO) and Sahil Kini (Co-founder and CEO, Setu) talk about the problems ailing the Indian financial infrastructure and how APIs are shaping the way digital businesses are built. Transcript: https://www.capitalmind.in/2020/02/indias-new-financial-infrastructure-will-enable-better-more-inclusive-bharat-ux/
2020-02-171h 00
Capitalmind with Deepak & ShrayHow Budget 2020 impacts the way you save and invest (Ep-22)On today's show, Deepak Shenoy (CEO) and Aditya Jaiswal discuss the impact of the union budget on our savings and investments- would you be better off moving on to the new tax regime? how does the budget impact your mutual funds (dividend options)? Are the Arb fund dividend reinvestment plans dead? Transcripts: https://www.capitalmind.in/2020/02/podcast-22-how-budget-2020-impacts-the-way-you-save-and-invest/
2020-02-0728 min
Capitalmind with Deepak & ShrayThe amazing rise of passive and what you need to do about it (Ep-21)Is passive investing making investors insensitive to price and valuations? Is this distorting the capital flows to the market? In U.S, the market share for passively managed funds has risen to about 51 percent, but what is the number for India? Where do we stand? Transcripts: https://www.capitalmind.in/2020/01/the-amazing-rise-of-passive-and-what-you-need-to-do-about-it Deepak Shenoy (CEO) and Aditya Jaiswal (Analyst) answer these and a lot more questions on today's show.
2020-01-2445 min
Capitalmind with Deepak & ShraySurviving a bear attack - how Dhirubhai did it (Ep-20)On today's show, Deepak Shenoy (CEO) and Aditya Jaiswal (Analyst) take you back to the 80s, when the Indian stock market was all wild wild west. It's the April of 1982, a powerful bear cartel has raided the shares of Reliance, they short sell Reliance shares so heavily that it plummets from Rs131 to Rs121 in a short span of time. They have done it in the past and they have done it to many, but this time they have messed up with Dhirubhai Ambani- a businessman who was known for his astute business acumen. Will the...
2020-01-1426 min
Capitalmind with Deepak & ShrayInvesting in NPS? The good, the bad, and the annuity (Ep-19)On today's show, Deepak Shenoy (CEO) and Aditya Jaiswal (Analyst) discuss the New Pension Scheme in detail. Transcript: https://www.capitalmind.in/2020/01/podcast-19-understanding-the-new-pension-scheme/ We discuss the NPS from the perspective of a 30 year old who opts for NPS and contributes INR50,000 every year. How much will he accumulate at retirement? What happens if he loses his job after 5 years? How will the forced annuity impact him at retirement? If he doesn't wants to opt for NPS, how much should his investments earn to beat the NPS returns plus the associated tax benefits of NPS?
2020-01-0741 min
Capitalmind with Deepak & ShrayHow to Master Your Cash Flows with Credit-Cards and Overdrafts (Ep-18)On today's show, Deepak Shenoy (CEO) and Vashistha Iyer (COO) discuss effective ways to make life simpler by managing cash flows using credit cards and bank overdrafts. Transcripts: https://www.capitalmind.in/2019/12/how-to-master-your-cash-flows-with-credit-cards-and-overdrafts/ Heads-up: 1. Is parking money in bank accounts a risky proposition? 2. If you earn 1 lakh a month and you get a 1 lakh credit card bill, what do you do? Do you not invest that month? 3. Do 'No-cost EMIs' really cost nothing? 4. If you consistently use more than 60-80% of your credit card's limit, does it af...
2019-12-2437 min
Capitalmind with Deepak & ShrayWhat to Make of the Bharat Bond ETF (Ep-17)On today's show, Deepak Shenoy (CEO) and Aditya Jaiswal (Analyst) discuss the Bharat Bond ETF in detail. Transcript: https://www.capitalmind.in/2019/12/bharat-bond-etf/ Q) Will it provide the much needed liquidity to the debt market? Who are going to be the market makers? Q) Is it a zero credit risk option? and what about the interest rate risk? Q) Is it a good deal for the fixed income investors? Q) Which option will suit you better, the 3-year variant or the 5-year variant? Grab your popcorn and st...
2019-12-1233 min
Capitalmind with Deepak & ShrayWhat Broke Karvy and How Zerodha is Shaping the Future of Broking (Ep-16)Deepak Shenoy (@deepakshenoy) speaks with Nithin Kamath (@Nithin0dha), CEO of Zerodha about the Karvy mess- does it reflect a systemic failure? do brokers like Karvy have legacy issues? how differently does Zerodha operate? and most importantly, what should investors do to protect themselves from such scandals in the future. Transcripts: https://www.capitalmind.in/2019/12/podcast-16-what-broke-karvy-and-how-is-zerodha-shaping-the-future-of-broking/
2019-12-0642 min
Capitalmind with Deepak & ShrayThe Strange Happenings at Karvy (Ep-15)The year 2019 has been quite eventful for the Indian markets! Right from corporate governance issues popping up almost every month, the collapse of NBFCs such IL&FS and DHFL, then the shady practices in scheduled banks such as the PMC Bank and now comes the Karvy fiasco. Read transcripts here: https://www.capitalmind.in/2019/11/podcast-the-strange-happenings-at-karvy-ep-15/ Deepak Shenoy (CEO) and Aditya Jaiswal (Analyst) discuss in detail how the Karvy fiasco unraveled followed by series of questions such as: What is a pool account and are brokers using it as means to fund themselves? Can brokers mi...
2019-11-2731 min
Capitalmind with Deepak & ShrayHow To Buy A Mutual Fund (Ep-14)We often hear that "Mutual Funds Sahi Hai". But none of the experts answer, "Konsa Mutual Fund Sahi Hai?" Host Deepak Shenoy (CEO) and Aditya Jaiswal bring you another Podcast where they simplify mutual funds, allocation (debt-equity), SIP vs lump sum debate, the myth regarding Star ratings, ELSS funds, expense ratios, Sectoral funds and a lot more! Transcripts: capitalmind.in/2019/11/how-to-buy-a-mutual-fund-ep-14/
2019-11-1743 min
Capitalmind with Deepak & ShrayShould You Buy A House? (Ep-13)Host Deepak Shenoy (CEO) and Aditya Jaiswal discuss a bunch of interesting things in this podcast including, whether it makes sense to buy a house in the Uber economy, the mother-in-law economics, the financial implications of having a portfolio of properties, and the outlook for the property prices in the near term. Read full transcript: https://www.capitalmind.in/2019/10/podcast-should-you-buy-a-house-ep-13/
2019-10-2835 min
Capitalmind with Deepak & ShrayYes Bank's Fall, Zee's Woes and Deferred Tax Assets (Ep-12)Host Deepak Shenoy (CEO) and Aditya Jaiswal discuss about Yes Bank – The "Kohinoor" of Rana Kapoor, pledging of shares by ZEE and deferred tax assets (DTAs) in the books of private and public sector banks. Deepak's thoughts on Yes Bank (1:35) Cockroaches in Zee's Books? (5:45) Deferred tax assets in the books of private and public sector banks (10:00) Read full transcript: https://www.capitalmind.in/2019/10/yes-banks-fall-zees-fall-and-deferred-tax-assets-ep-12/ Excerpts: 1. Deepak's thoughts on Yes Bank: Why should people continue to retain deposits with the Yes bank? The answer to this is two things First of all...
2019-10-0919 min
Capitalmind with Deepak & ShrayWill Corporate Tax Cuts Fix India's Bruised Economy? (Ep-11)Host Deepak Shenoy (CEO) and Aditya Jaiswal discuss the corporate tax cut and it's impact on the economy and most importantly, on our portfolios. Read full transcript: https://www.capitalmind.in/2019/10/podcast-will-corporate-tax-cuts-fix-indias-bruised-economy-ep-11/ We discussed seven questions: Corporate tax cuts are fine but why aren't we talking about the consumption demand? (1:26) Why corporate tax cuts why not cut personal taxes? (9:15) How will the government bell the fiscal Cat? (13:00) Will India finally become the factory to the world? (16:58) Will the improving profitability lead to re-rating of the Indian market? (21:26) Why are the Megacaps rallying? (28:30) Are...
2019-10-0135 min
Capitalmind with Deepak & ShrayThe PMC Bank Debacle (Episode 10)Deepak Shenoy and Shray Chandra discuss in detail about the troubles at the Punjab and Maharashtra Cooperative (PMC) Bank, the role of RBI and what options do PMC bank's depositors have. Read full transcript: https://www.capitalmind.in/2019/09/podcast-the-pmc-bank-debacle-episode-10/
2019-09-2527 min
Capitalmind with Deepak & ShrayShould The Indian Government Borrow From Abroad? (Episode-9)We discussed five broad questions: 1) Should India borrow abroad, if yes, then why? (10 mins) 2) Domestic liquidity issues and crowding out effect (8 minutes) 3) Why are experts (Ex- RBI governors) against this move? (3 mins) 4) What are risks o going overboard with overseas borrowing? (4 mins) 5) Risks of borrowing abroad (15 mins) Below is an excerpt of the podcast with time stamps of important sections! Read full transcript: https://www.capitalmind.in/2019/09/podcast-should-the-indian-government-borrow-from-abroad-episode-9/ 1.Should India borrow abroad, if yes, then why? (2:00) The government borrows r...
2019-09-1539 min
Capitalmind with Deepak & ShrayHow Slow Is The Indian Economy? (Episode-8)"Under normal circumstances, merging PSUs would have been impossible, had the government tried it 5 years ago, there would been riot on the street, today there is not even a murmur. They were able to do that because the slowdown is obvious!" - Deepak Shenoy Host Deepak Shenoy (CEO) and Aditya Jaiswal discuss about the economic slowdown witnessed in the Indian economy. Read Full transcript: https://www.capitalmind.in/2019/09/podcast-how-slow-is-the-indian-economy-episode-8/ The Podcast was divided into three broad sections: a) Macro indicators (20 mins) b) Recent federal regulations (8 minutes)
2019-09-0859 min
Capitalmind with Deepak & ShrayThe Investor Wants to Know (Episode-7)Host Deepak Shenoy (CEO) and Aditya Jaiswal discuss investor queries in a new show - The Investor Wants to Know. Topics discussed include passive investing, current NBFC scenario, slowdown in the auto sector, cooking up of books by companies, fundamental analysis, global recession, surge in gold prices, aviation industry. Read Full transcript: https://www.capitalmind.in/2019/09/podcast-the-investor-wants-to-know-episode-7/ Notes: How do you see the investment horizon for different categories of MFs? If you are looking for a horizon for investing, then it's not investing, it's a trade! Asset a...
2019-09-0243 min
Capitalmind with Deepak & ShrayMomentum: An Anomaly that Persists (Episode-6) Detailed Notes from Episode 6 Episode 6 - Momentum: The Anomaly that Persist Fri Aug 23, 2019 Host Deepak Shenoy (CEO) interviewing Prashanth Krishna (Trading, Momentum Portfolio) on the Momentum Strategy and why it's the anomaly that persists. Capitalmind offers the Momentum Portfolio as part of Capitalmind Premium (subscription service) in Wealth and as part of our Wealth Management Service. Read full transcript: https://www.capitalmind.in/2019/08/podcast-momentum-the-anomaly-that-persists/ What's the Definition of Momentum Stocks moving in one direction continue to do so. Speculation? No, Momentum is a...
2019-08-2331 minCapitalmind with Deepak & ShrayAnupam Gupta (b50) On Where To Focus in Investing (Episode 5)Anupam Gupta (b50 on Twitter) speaks with Deepak Shenoy of Capitalmind, about what to focus on when investing. It's more about just regular investing, than other things like returns or timing the market, says Anupam. You'll make more money by saving more , instead of focussing on how much you should invest at what time in what stock. Read full transcript: https://www.capitalmind.in/2019/05/podcast-anupam-gupta-on-regular-investing-and-where-to-focus/ Also - focus on liquidity, he says. Locking in investments in insurance or other such locked in plans isn't cool. On that and more, about India and abroad, abo...
2019-05-1131 min
OutliersEp 52: Deepak Shenoy on building Capitalmind, and the impending fintech bubble burst in IndiaDeepak Shenoy was one of the early professionals to start algorithmic trading in India, way back in 2009. It required sifting through patterns of data and using software-based decision-making systems to trade and make stock calls.
While I have been following his Twitter handle @deepakshenoy for past couple of years, some of his recent writings have clearly been outliers, especially in terms of fresh perspective and incisive analysis. “How The 11,400 cr. Import Ponzi Scam at PNB Unfolded” published in February is an example of that.
Shenoy, a computer science graduate from the National Institute of Technology, Karnataka, started his career as a co...
2018-03-2344 min