21 episodes

Conversations about trading, investing, and personal finance with the smartest people in the industry.

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    • Investing

Conversations about trading, investing, and personal finance with the smartest people in the industry.

    Investing through good and bad times with Kalpen Parekh

    Investing through good and bad times with Kalpen Parekh

    Since mid-February, there has been a sharp sell-off in the markets as the Corona Virus pandemic spreads through the globe. As we record this, Nifty 50 is down 25% while Nifty Mid-cap 100 and Nifty small-cap 100 indices are down by over 30% and 40% respectively. This is the sharpest fall in the markets since the 2008 financial crisis. And you might be worried about your investments. So, we decided to talk some really smart people who've seen various cycles in the Indian markets to bring you some perspective on what to do and what not to do.

    In this conversation, Prateek (Founder, LearnApp) talks to Kalpen Parekh, the President of DSP Mutual fund. Kalpen has over 2 decades of experience in the Indian markets. He was previously the Managing Director at IDFC Mutual Fund. He has also served in Birla Sun Life AMC and ICICI Prudential AMAC after beginning his career with L&T Finance.

    We had coincidentally spoken to Kalpen when there was some volatility in the markets last time, you can listen to the old episode here. 

    Apologies for the poor audio quality. Given the work from home situation, there was a drop in the quality. 

    • 46 min
    Should you invest in index funds? Getting passive with Pratik Oswal

    Should you invest in index funds? Getting passive with Pratik Oswal

    Index investing (passive investing) has become increasingly popular in the last decade across the world. Trillions of dollars have flown out of active mutual funds into low-cost index funds. But in India, these are still early days for indexing, we just have about Rs 7700 crores in index funds. Although Rs 1.6 lakh crores is invested in index exchange traded funds (ETFs), most of it from the Employees' Provident Fund Organisation (EPFO) and retail investors predominantly invest in index mutual funds.  In the past few years, there has been small by steadily increasing chatter about the merits of low-cost index funds in India. Given the growing underperformance of actively managed large-cap funds, there also seems to be a growing realization that low-cost index funds may be the best way to get large-cap exposure. In the last few months, Motilal Mutual Fund has launched a suite of index funds tracking the Nifty 50, Nifty Next 50, Nifty Midcap 150, and Nifty Smallcap 250, and Nifty 500 indices. 

    In this sweeping conversation with Pratik Oswal, Head - Passive Funds at Motilal Oswal Asset Management Company talks to Prateek Singh (Founder of LearnApp) about: 

    How he got started in finance
     What are index funds and how do they work? 
    The basics terminology of index funds
    Impact and importance of costs when investing in mutual funds
    His take on the active vs passive debate
    Are index funds the best way to get large-cap exposure?
    Liquidity concerns in midcap and smallcap stocks
    Growth of index funds in India
    Scope of smart beta funds in India
    Portfolio construction with index funds
    Motilal's previous experiment with index funds

    Note: The latest AUM in index funds is Rs 7717.16 crores. When the podcast was recorded it was just a little over Rs 6500 crores. 

    • 54 min
    Dhawal Dalal talks about the new Bharat Bond ETF and the Indian debt markets

    Dhawal Dalal talks about the new Bharat Bond ETF and the Indian debt markets

    The Bharat Bond ETF by Edelweiss Mutual Fund opens for subscription today. This exchange traded fund (ETF) holds AAA-rated bonds issued by public sector enterprises. The Bharat Bond ETF is unique in a lot of respects. In this wide-ranging conversation, Dhawal Dalal, Chief Investment Officer - Fixed Income of Edelweiss Mutual Fund talks to Prateek Singh (Founder of LearnApp) about:

    Why the Indian corporate bond market is shallow

    Reasons for the lack of retail participation in the debt markets

    The role of debt in a portfolio and how to use debt instruments in a portfolio

    And finally, explains in detail what the Bharat Bond ETF is, the structure and the risk & rewards of the ETF

    You can also check out this companion LearnApp video and this TradingQnA post for more details about the ETF.

    Click here, if you wish to invest in the Bharat Bond ETF. 

    Please enjoy this conversation with Dhawal.

    • 43 min
    Should you invest in debt mutual funds?

    Should you invest in debt mutual funds?

    Debt markets have suddenly become more action-packed than the equity markets. Ever since the IL&FS default, investors have slowly grown to realize that even debt carries its own risks. make no mistake, debt plays an important role in a portfolio. But it is imperative that you as an investor understand the various debt instruments and use them the right way.   

    Arvind Chari is the Head of Fixed Income and Alternatives at Quantum Advisors. In this webinar, Arvind lays out the case to invest in debt and the core tents to follow when investing in debt funds. Arvind has over 14 years’ experience in Indian fixed income markets across dealing, research and portfolio management. Arvind joined Quantum in 2004 as Research Analyst – Fixed Income to build the fixed income and macro economy research function and also to help develop fixed income and other asset class products for Quantum Mutual Fund. He also helped set-up an offshore India Bond Fund amongst the first of its kind then. Arvind holds a Masters in Commerce (M.com) and Masters in Management Studies (MMS) from the Mumbai University.  

    Arvind is also a really good writer. Here are a couple of articles that inspired us to ask Arvind to talk about the topic at hand today.  http://bit.ly/2IGnO8k

    • 54 min
    How to Invest for the long term across market cycles with Kalpen Parekh

    How to Invest for the long term across market cycles with Kalpen Parekh

    These are unnerving times for investors with the markets being volatile. Long term investors should ideally embrace volatility, but we are seeing investors stop their investments. Volatile markets tend to induce investors to most often than not, make all the wrong choices. When markets undergo a period of under-performance, investors tend to stop their SIPs or worse yet redeem their investments.

    This during a time when they should do the exact opposite. As an Investor, you should embrace volatility because you get to average your investment at various price points.

    In this illuminating webinar, Kalpen Parekh (President, DSP Investment Managers) talks about:

    1. The do's and don'ts of investing.  

    2. The recent under-performance of mid and small cap indices vs the Nifty 50 large-cap index.

    3. How should you approach investments in mid and small-cap funds?

    4. How Indian markets have performed over various market cycles and the parallels with the performance of the past 1-year.

    5. How to think about debt allocation in your portfolio and some historical context on the performance. 

    The presentation used in the webinar: http://bit.ly/2J6F4r6

    Here's the previous webinar on introduction to debt mutual funds by Kalpen: https://youtu.be/5AxNrSQrMg4

    • 39 min
    Introduction to contra funds

    Introduction to contra funds

    Contra funds is a new and unique category that was carved out in the recent scheme reclassification by SEBI. By the very definition, these funds follow a contrarian investment approach and swim against the tide. These funds invest in stocks that are out of favor, special situations, and stocks that can turnaround. Taher Badshah is the Chief Investment Officer (Equities) at Invesco Mutual Fund. He also manages the Invesco India Contra Fund. In this webinar, he explains how a contra fund works, the investment process, and how to use these funds to build your portfolio. 

    • 44 min

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