Capitalmind with Deepak & Shray
Business & Finance
About
Capitalmind looks at stocks, bonds, funds and the macro to bring you their view on the Indian financial markets. We discuss all things related to investing at our focussed podcast that keeps it simple. For more, go to capitalmind.in and to invest with us, visit capitalmindwealth.com
Episodes
- NRI Investing in India: What Nobody Tells You
This episode features Deepak Shenoy and Shray discussing the intricacies of NRI investing in India. They cover essential aspects like taxes, necessary paperwork, potential returns, and common investment traps for non-resident Indians. The…
- Low Inflation. Weak Rupee. Falling Stocks. What's REALLY Going On?
Deepak and Shray analyze discrepancies in India's economic indicators, such as high GDP growth alongside inflation concerns and a weakening rupee. They discuss the nuances of inflation data, the rupee's depreciation, GDP calculation method…
- Who Is Really Controlling Your Money? (Not Who You Think)
This episode of Capitalmind with Deepak and Shray discusses the hidden influences on investment decisions, focusing on proxy advisors like Glass Lewis and ISS, index manufacturers such as NSE and BSE, and credit rating agencies. It also ex…
- Will the U.S. Market Crash in 2026?
Deepak Shenoy of Capitalmind examines his 17-year history of market predictions, evaluating his success rate with crashes, interest rates, and real estate. The episode details why most predictions fail and the characteristics of those that…
- Gold, Silver, Equities: Which One Deserves a Place in Your Portfolio?
Deepak Shenoy of Capital Mind discusses alternative assets including gold and silver, foreign stocks, and debt funds as options when Indian equities show little movement. The episode covers the history of silver markets, gold
- Gold, 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…
- From H1B to Dream11 - When risks hit you hard
What do DreamFolks, Dream11, JSW Steel, and Donald Trump's H-1B visa policy all have in common? Each shows how unexpected risks can reshape markets and investments overnight. Deepak Shenoy and Shray Chandra break down 5 types of risk you n…
- ESOPs Demystified: Taxes, Dilution & the Path to Wealth in India!
ESOPs (Employee Stock Options) are one of the least understood parts of compensation in India. Are they wealth creators or just glorified lottery tickets? We break down everything you need to know, the trade-off between salary and ESOPs, t…
- Wealth as a Tool, Joy as the Goal
What if money wasn't the goal… but the tool? Deepak Shenoy and Shray Chandra dive deep into how money can enable experiences, freedom, and meaning, instead of becoming an end in itself. 00:00 Intro 02:33 GDP, Good Life, and Getting Real Ab…
- The Saga of the Jane Street Trading Scandal
In this episode, Deepak and Shray unpack the SEBI allegations against global trading giant Jane Street and explore whether this is a case of shrewd arbitrage or market manipulation in India's underregulated options landscape. In doing so,…
- Make your own pension
Indian retirement planning for long has been centered on your children being successful and them supporting you in your golden years. But, times are changing, with the rise of nuclear single child households, new pension options and easier…
- Is 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…
- Are 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…
- No Passport Needed: Your Guide to Global Investing
In 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…
- Changing the World Order: Tariff Edition
At 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 a…
- Exchange Traded Funda: How ETFs Work
ETFs have taken over the world, or at least that's what you'd believe if you spent any time reading financial media in the US. Passive investing! Low costs! No fund manager egos! And of course, that looming prediction: "ETFs will destroy p…
- The Unexpected Impact of investing in Mutual Funds and Pooled Vehicles
Deepak 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 issu…
- Profit 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 in…
- Budget 2025: More Money in Your Hands
Deepak 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:…
- The fight between the Dollar and the Rupee
In 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 re…
- Are 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 f…
- The F&O Game is fair even if 93% of people lose money
In 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 m…
- A Structured Approach to Cash Calls: Deepak Shenoy's Framework
In 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…
- Mutual 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…
- Investing 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 complexiti…
- Why 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 cu…
- What 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,…
- The Hulla Over Inheritance Tax
Recently, the mere hint of an inheritance tax proposal sparked a mini-political crisis? Thanks to a quick government rebuttal, it's off the table—at least for now. But that's not where the story ends. As always, Deepak and Shray go head-to…
- Momentum Investing in India with Anoop Vijaykumar
In 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 princ…
- All is forgiven in the financial markets
Have 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 tacti…
- Super-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…
- Why 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 prev…
- RBI hits NBFCs hard with two new regulations
In 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…
- A Deeper Look into Asset Management in India
Join 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% o…
- How money gets created in India
Ever 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 econom…
- Going 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 trad…
- Should 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 s…
- How 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…
- Stock 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 n…
- What Lies Behind Mutual Fund Expense Ratios: SEBI's Call for Transparency in TERs
Welcome 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…
- How 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…
- [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 li…
- How 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 demon…
- What 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 an…
- The problem with "adjusted" financial accounts
Anyone 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 whil…
- SEBI 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 meti…
- Where 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 d…
- Imagining MERA: My Empowered Retirement Account
In 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…
- LIC's Uncommon Profit and The HDFC Twins
Of 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. M…
- Podcast: Investing in a world with high interest rates
As 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 fierc…