33 results for “May 2021”

[Podcast] A Structured Approach to Cash Calls

[Podcast] Investing in Unlisted Companies: What's the deal?

Are unlisted securities worth investing in? What are they? In this edition of the Capitalmind Podcast, Deepak and Shray dive into the world of unlisted securities, the complexities of investing in them, the different pluses and minuses you might want to know, and more...

Comprehensive Guide to Choosing the Best Portfolio Management Service (PMS) in India

Choosing the best Portfolio Management Service (PMS) in India requires a comprehensive evaluation of both objective and qualitative criteria. This guide provides a step-by-step comprehensive framework of Level 1 and Level 2 criteria to help investors select the right PMS aligned with their financial goals, risk tolerance, and investment philosophy. By considering factors such as SEBI registration, performance track record, risk management, and client service, investors can make informed decisions and enhance their wealth creation journey.

Podcast: Why the crypto crash impacts you?

Cryptocurrencies were all the rage in the 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 phenomenon 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 Deepak and Shray discuss the nuances of how the crypto bear market impacts you.

The secret to HNI IPO funding that the RBI just killed

Lessons from 2021, the year irrationality went viral

The best index fund, IndusInd whistleblower, Musk sells stock and more

Happy Diwali 2021! Our annual predictions, and last year's scorecard

Happy Diwali 2021! At Capitalmind, we like to react, not predict. But once a year, we throw that rule into a drawer and let our minds run amok, from conspiracy theories to whatever Elon Musk is consuming nowadays, and try to frame a picture of what is likely to happen. But we have a special thing that people with predictions often do not do.

Everything you need to know about Rights Issue of shares

What are Rights Issue of shares? Why do companies do Rights Issues? Why are they only available to existing shareholders? What should shareholders consider before exercising their Rights Entitlement? How to apply for Rights Issue? This post breaks it all down, minus the jargon.

EP41: Term Insurance - Why and when do you need it?

EP40: How Smallcase helped create a new generation of investors

Episode 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.

Indian Aviation: Pressure on profitability to continue

It has been over a year since the outbreak of novel coronavirus. The airline industry suffered losses to the tune of ₹ 19,000 crore. The industry has been through its worse, yet no casualty. In fact, the industry is set to welcome two new players – the second incarnation of Jet Airways and Rakesh Jhunjhunwala backed Akasa. Even in better times (than the last year), the “king of good times” had fallen. Now, though new airlines are about to launch, existing airlines are about to raise funds and every month the number of people opting to fly is on a rise, uncertainty prevails. The road to profitability is still hazy. So how did the industry survive and why earning profits is still some time away? Let’s find out.

EP39: Why we run a PMS and how we do it differently

What 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.

Good things come in small packages in a frothy July

July 2021 Monthly Update for the Capitalmind Momentum Portfolio. A good month for the portfolio, up ~9% compared to 0.3% for the NIFTY and 1.4% for the CNX500. Starring, a stock that ran up 50+% in the first half then turned around and fell 17% in the second, and one we continue to hold. Read on for the July 2021 update.

Zomato IPO: Should You Place An Order To Buy Shares?

Finally, one of the most awaited initial public offerings of 2021 is here – Zomato Ltd. The IPO starts on July 14 for three days. Given, the boom in food ordering and investors’ current love for IPOs Gurugram based food-tech giant has upped its issue size. The company will now be raising ₹ 9,375 crore, of which ₹ 9,000 crore will be a fresh issue, while the remaining an offer for sale from the oldest investor – Info Edge (India) Ltd. Earlier the company had plans to raise ₹ 8,250 crore – ₹ 7,500 crore of fresh issue and ₹ 750 crore of offer for sale. The IPO would be the largest since March 2020, i.e., when SBI Cards raised close to ₹ 10,000 crore. Should you subscribe?

A rollercoaster June, a late surge and a reminder

We, turns out presciently, had the Mike Tyson 'Goodnight' gif in the May 2021 Momentum note about how markets surprise when you least expect them to. Surprise they did, but courtesy of a small set of stocks that had found their way into every momentum portfolio over the last year. The Adani pack, following some interesting developments, caused a flutter by reversing course. The solitary stock in the CM Momentum portfolio allowed a fortuitous exit mid-month and with a late surge, we still ended up +5% compared to +1.9% for the CNX500 and a +1.1% for the NIFTY. Read on for the June 2021 wrap-up.

Thyrocare & PharmEasy get hitched: What's in store for investors?

In one of its kind deal, an Unicorn bought a majority stake in a listed & profitable company. The sector in which the deal happened, further increased the curiosity - Health Tech. In this post, we tried to explain the players, the deal, what should the investors do? Will it be a precedent for many more such deals to happen?

Shaky Economy, Shiny IPOs, and a Standout Stock - Capitalmind Saturday Coffee

Wealth Letter May 2021: Clutching at Straws in the Second Wave

EP38: Money, after you die

How 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.

Trend our friend, is back in May

What sell in May and go away?

In April, we observed the start of a shift from mega-caps to mid-caps in terms of momentum. Some large-caps got back their mojo but overall mid and small-caps had a better time of it in May. The NIFTY was up a whopping +6.5% taking 2021 YTD return to 12%. Momentum largely kept pace with everything happening around with a +9% month in smallcase NAV terms. Read on for the May 2021 wrap-up.

The Capitalmind Momentum Smallcase

The Capitalmind Momentum Smallcase performance and how to subscribe

ITI Value Fund NFO: Old bottle. Cracked Cork.

ITI Mutual Fund has launched an NFO (New Fund Offering) for an active equity fund called the ITI Value Fund. The NFO is open from 25th May to 8th June 2021. We took a look to see if it makes sense for investors. Short Answer: Since discretionary bottom up strategies can't be backtested, how long would it take to be convinced of an individual or team's superior discretionary stock-picking skills? Five years? Ten? ITI Value Fund says all the right things about picking underpriced stocks. A few too many things in fact. The problem is so does every discretionary equity fund. We'd have to see evidence before investing. Read on for our detailed take on the ITI Value Fund NFO.

Locked Down: Card Spends Crash After April to New Lows

Sometimes it's not obvious how much the lockdowns have hit the economy, so we have to look at some data that's released on a more regular basis. RBI releases data of how much people are spending on credit and debit cards, and UPI/IMPS on a daily basis, since November 2020.  And what it tells us isn't exactly kind.

Why BPCL Was The Best Among the OMC Trio in Q4 Results

India’s three largest oil-marketing companies – Indian Oil Corporation Ltd., Bharat Petroleum Corporation Ltd., and Hindustan Petroleum Corporation Ltd. – have reported better than expected March ended quarter. The boost in financials was all from INVENTORY GAINS in Q4 for all the three OMCs. However, BPCL performance stood out among the OMCs. Here’s a snapshot of the various other factors that impacted OMCs Q4FY21 and our experimental play BPCL.

Capitalmind Saturday Coffee | 15th May 2021 Edition

Capitalmind Saturday Coffee | 8th May 2021 edition

Capitalmind Saturday Coffee | 1st May 2021 edition

Podcast EP37: The hidden risks to the financial system

Are 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 us? 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 - Karvy, Zee, DHFL and Harshad Mehta.

How the Govt borrows and why you should lend to them directly

Shrinking FD Rates, Expensive Loans and Where to Invest Instead

In 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.

Podcast #24: How big is LIC anyway?