Kushal Lodha
@kushallodha548 • 32,159 subscribers
Podcast Host - Konversation with Kushal | CA (AIR 5), CFA, ACCA (AIR 2) | LinkedIn Top Voice | BestSelling Author | Forbes Top 100 Digital Creators
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“Every year, Indian retail investors lose around Rs. 1.2 lakh crore in F&O trading. 10 years ago, retail participation was 22% in F&O. Today, it stands at nearly 36%.” “This $11 billion annual loss flows to places like New York, Chicago running sophisticated algo trading firms, HNI Families in India running prop shops and rest to the brokers” “I laud our Finance Minister for increasing STT on F&O. It was a necessary and correct step.“ - Saurabh Mukherjea (Founder & CIO Marcellus Investment Managers)
Kushal Lodha791,815 görüntüleme • 1 ay önce
“At each of the last 40 Dhanteras, if you bought 10 grams of gold, you would have accumulated 400 grams of gold. Your total investment would have been around Rs. 8 lakh.” “But if you had divided that Rs. 8 lakh into 40 equal amounts Rs. 20,000 every year and invested that fixed amount in gold, you would have accumulated around 1,111 grams of gold instead of 400 grams.” “Why? Because in the first case, you bought a fixed quantity at changing gold prices. In the second, you invested a fixed amount, buying more gold when prices were lower and less when prices were higher.” “This is the power of SIPs and rupee-cost averaging. The problem? It’s too simple. And human beings don’t like simple things.” 😄 - Vijai Mantri
Kushal Lodha564,694 görüntüleme • 1 ay önce
“We visited multiple Croma and Vijay sales stores and found that smartphone financing is approved for 99% people saying these are prime CIBIL score customers.” “But as per CIBIL data, only 55% people have CIBIL score of more than 745 which is considered as prime.” “So we went back to our office and got rid of the lenders in our portfolio because this data didn’t stack up. There’s lot of subprime lending going on in India.” - Saurabh Mukherjea (Founder Marcellus Investment Managers)
Kushal Lodha523,047 görüntüleme • 2 ay önce
“My husband and I put Rs. 50,000 each into SIPs for my son, starting when he was just 3–4 months old. We have gradually increased that amount.” “He actually outperformed me in the 2023 bull run because most of his SIPs were in US tech funds, small-cap funds, etc., compared to mine, which were in some BAFs.” “This is primarily advisable for parents who want to save for their children’s higher education because it’s really expensive.” “When a child turns 16, that 20–30 lakhs or 2 crores seems like a very big number.” - Radhika Gupta (MD & CEO of Edelweiss Mutual Fund) Discl: Stocks/Mutual Funds discussed are not a recommendation. Please consult a SEBI/SEC regd. advisor.
Kushal Lodha442,320 görüntüleme • 2 ay önce
Rajashekar Iyer on the lesson Rakesh Jhunjhunwala taught him: “I bought a penny stock at Rs. 17–18. It went up to Rs. 165, I didn’t sell, and eventually it came back to Rs. 16.” “I once spoke with Rakesh Jhunjhunwala, and he told me, ‘Tum logon ka problem hai, tum log jaldi rokda kar lete ho’ (Your problem is that you sell too early).” “I shared my penny stock experience with him. He thought for a while and said, ‘You didn’t do anything wrong by not selling at Rs. 165, because it could have gone to 500 or 1,000, But when it fell to around Rs. 130, you should have exited.’” “That’s the risk management lesson I learned from him.”
Kushal Lodha237,704 görüntüleme • 1 ay önce
“In 2025, Indians spent more on alcohol than on jewellery. Jewellery market was $60 billion, and the alcohol industry surpassed that.” “Interestingly, South Indian states have 18% of India’s population, but they consumed as much alcohol, in value terms, as the rest of India.” “So, the South Indian alcohol market is as big as the entire North + West + East combined, but that’s not the perception people carry.” - G. Maran (Co-founder and Executive Director at Unifi Capital)
Kushal Lodha191,036 görüntüleme • 2 ay önce
Magic of Dividend Taxation in Mutual Funds: “If you buy ITC shares directly and receive dividends, the dividend will be taxed according to your applicable slab rate.” “But if the same dividend is received by a mutual fund that holds ITC shares, you won’t be taxed on the dividend separately. Instead, when you sell your mutual fund units, the resulting gains will be taxed as capital gains.” “That tax deferral and the different character of taxation is the magic of investing through mutual funds.” - Neeraj Arora (Co-Founder at Edu91, Neeraj Arora 🇮🇳)
Kushal Lodha57,260 görüntüleme • 18 gün önce
“In Singapore, it takes 5 minutes to file a personal Income Tax Return.” “There is no tax on capital gains, no tax on interest income, no tax on property sale.” “They don’t even ask which stocks or property you’ve sold, nothing. They’ve ease of doing business.” - Samir Arora
Kushal Lodha232,274 görüntüleme • 2 ay önce
“A company named Padmini Polymers had changed its name to Padmini Technologies during the dot-com bubble.” “I bought 5,000 shares at Rs. 7 each. I sent them to the Registrar for transfer in physical form. 6-9 months passed, but I didn’t get the transferred shares. I thought I had been a victim of fraud.” “After 15 months, suddenly they got transferred. The price had reached to Rs. 400 per share (57x). That was the first multibagger of my life.” - Gaurav Sud (Partner Kanav Capital) Discl: Stocks discussed are not a recommendation. Please consult a SEBI/SEC regd. advisor.
Kushal Lodha186,108 görüntüleme • 2 ay önce
“When India crossed $1 trillion economy in 2007-08, oil spent was more than $100 billion line item. It was 10% of GDP.” “Last year, India was a $4.3 trillion economy and oil spent was $170 Billion. So it was 3-4% of GDP.” “So, Oil is not going break the country as much as it did in 2007, but in our mind we think last time oil crossed $100, this is what happened.” “Somehow in our mind we don’t give proportionate importance to that.” - G. Maran (Co-Founder and Executive Director of Unifi Capital)
Kushal Lodha126,325 görüntüleme • 1 ay önce
“In the 16th century, the Mughals invaded Tamil Nadu, which had 70,000+ temples with huge gold reserves.” “Chhatrapati Sambhaji Maharaj helped rebuild these temples, and he stayed at the Nataraja Temple for 42 days. But he missed his home food - dal.” “So, from Satara, they used to send mashed dal, to which Sambhaji Maharaj used to add curry leaves and boiled water.” “This apparently became what we call today sambar.” - G. Maran (Co-founder and Executive Director at Unifi Capital)
Kushal Lodha140,375 görüntüleme • 2 ay önce
Mr. Sridhar Sivaram (Sridhar Sivaram) on IT Sector : “The top 4 IT companies have grown at a ~ 8% CAGR over the last 10 years. The rupee was around Rs. 65 to the dollar back then; today, it’s at Rs. 95.” “Even with that significant currency tailwind, IT delivered only about 8% CAGR during what was arguably its best period and the market was willing to value these companies at 25–30x earnings.” “So, I have a simple question for the IT bulls: Will the sector grow faster over the next few years than it did over the last 5? Consensus suggests growth will remain subdued. If that’s the case, why should I pay 15x earnings when several global IT companies are trading at single-digit P/Es?” “We learned this lesson the hard way in the media sector when OTT disrupted the traditional business model. We bought media stocks assuming the old economics would persist. Today, many of those businesses trade at just 2–3x earnings.” “That is exactly the risk I see playing out in the IT sector today.” Discl: Stocks / Investments discussed are not a recommendation. Please consult a SEBI/SEC regd. advisor.
Kushal Lodha32,372 görüntüleme • 13 gün önce
“Crane business was dominated by MNCs. Action Construction’s founder started building it from the ground up after working for a competitor.” “ACE got a 40–50% market share with 50% margins. The founder’s son, Mr. Sorab, was very driven and always cautious.” “The company was available at a market cap of less than Rs. 1,000 crore and was reasonably priced, so we took the bet on the segment and the entrepreneur.” - Vikas Khemani (Founder Carnelian Asset Management and Advisors) Discl: Stocks discussed are not a recommendation. Please consult a SEBI/SEC regd. advisor.
Kushal Lodha128,434 görüntüleme • 2 ay önce
"My younger son is 1 year old and he got an SME IPO allocation recently.” “We got 3 lots for around Rs. 4 Lakhs and he made 100% profit on that investment at just the age of one" "Although allotments are rare (1 out of ~20 IPOs), one successful IPO can cover the opportunity cost of the others. Plus, the funds were otherwise parked in FDs, making this return an added gain over FD returns." - Anant Ladha (Founder of Invest Aaj for Kal, 7 Million+ Followers Across Social Media Platforms) Anant Ladha, CFA CA CFP LL.B.
Kushal Lodha43,236 görüntüleme • 26 gün önce
Madhu Kela on his investment in Waaree: “I attended a conference in Surat where Jayant Sinha said that if we don’t make meaningful progress on climate change, at least 25 cities around the world could see temperatures exceeding 60°C.” “That made me realize carbon neutrality is a massive long-term theme.” “Waaree had already been in business for 20 years, and when we met the promoter, the company was available at a valuation of around INR 4,500 crore.” Discl: Stocks discussed are not a recommendation. Please consult a SEBI/SEC regd. advisor.
Kushal Lodha75,335 görüntüleme • 1 ay önce
Indian-made lab-grown diamonds are dominating the world: “Titan had invested in a US-based company called Clean Origin, which made lab-grown diamonds. “But Titan wrote down the investment of $ 20 Million because it couldn’t survive the competition from India. “The CFO of Clean Origin said, ‘We cannot compete with the low cost of production and the scale that India has in lab-grown diamonds.’ “So, India is doing a great job here. Credit is also due to the Government of India and the Gujarat government for incentivising and supporting this industry.” - Jayant Mundhra (Jayant Shilanjan Mundhra)
Kushal Lodha45,098 görüntüleme • 28 gün önce
“When Titan became more than 20% of our portfolio, I said to Rakesh ji that from a risk management perspective we should reconsider it.” “Rakesh ji said to me: Mujhe angreezi mat sikha, is there anything wrong with the company ? “If no, then please don’t come up with such fancy things.” 😂 - Utpal Sheth
Kushal Lodha102,211 görüntüleme • 2 ay önce
“Balaji Amines built a hotel in Sholapur, but the markets didn’t like the news of chemical company building a hotel.” “They were also expanding into a product where there was no other manufacturer in India. But the project was incomplete since 3 years.” “The stock fell to very attractive levels and once the expansion was complete, it started making high profits and stock went up 50 times.” 🔥 “So you have to keep patience and be ready for drawdowns if situation worsens.” - Ashish Chugh (Ashish Chugh) Discl: Stocks discussed are not a recommendation. Please consult a SEBI/SEC regd. advisor
Kushal Lodha115,183 görüntüleme • 2 ay önce
“When I go to visit any company, I visit the worker’s washroom first in the plant. If the worker’s washroom is clean, he’s a good promoter.” “If he’s unable to provide basic facilities to his workers, how is he going to make you money?” 🔥 - Rakeshh Mehta (Founder Mehta Group)
Kushal Lodha112,918 görüntüleme • 2 ay önce