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Zerodha Educate

Zerodha Educate

Zerodha

38
Followers
59
Plays
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Conversations about trading, investing, and personal finance with the smartest people in the industry.

Latest Episodes

The right way to invest in mid-cap funds and small-cap funds with Rahul Singh

One of the things that investors struggle with the most is with having the right expectations when investing and we've talked about this in the previous episodes as well. Mid-cap funds and small-cap funds tend to have higher returns than large-cap funds. But what most investors don't realize is that those higher returns come with a cost - that is higher risk or volatility. Most often than not, they just look at line charts comparing large-cap funds with mid and small-cap funds without looking at the deep and sharp drawdown and invest. If you look at the inflows and outflows of mid-cap and small-cap funds, you can clearly see that most retail investors tend to invest in these funds when they have already gone up and sell when they crash. So, in this conversation, I caught up with Rahul Singh, the Chief Investment Officer (CIO) of Equities at Tata Asset Management. In this conversation Rahul talks about: Whether the Indian markets are too small enough for good opportunities the nature of mid and small caps and how should investors think about them and allocate to them. His own investing philosophy and that of Tata Mutual Fund His thoughts on the current market phase Current market valuations International diversification Large-caps vs mid-caps. Is it the right time to invest in mid-caps and the case for investing in mid-caps and small-caps How to invest in mid-caps and small-caps His own investing philosophy Investing mistakes and lessons Prateek Singh is the founder of LearnApp, an online learning platform with courses on investing, personal finance, trading and more, do check it out.

44 minOCT 24
Comments
The right way to invest in mid-cap funds and small-cap funds with Rahul Singh

Making sense of the markets that don't make sense with Anand Radhakrishnan

To say this year has been a roller-coaster ride for the markets would be an understatement. A lot of new investors saw their first serious market crash since 2008, although it didn't last as long, it was brutal nonetheless. But what was surprising was the dramatic recovery even as all the economic data was dismal. We wanted to make sense of the disconnect between the real economy and the stock market and also how investors should look at investing going forward. So Prateek caught up with Anand Radhakrishnan, the Chief Investment Officer of Equity at Franklin Templeton India. In this absolutely brilliant and wide-ranging conversation, Anand talks about: The opposite journeys of the economy and the markets The major economic concerns, both Indian and global Thought on the return of inflation globally How should investors think about this current market phase Why are the markets going up when the economic data is grim Thoughts on the current market phase and the factors that would dete...

57 minOCT 7
Comments
Making sense of the markets that don't make sense with Anand Radhakrishnan

Basics of ETFs and asset allocation with ETFs with Siddharth Srivastava

Index funds and ETFs are steading becoming popular among Indian investors as they realize the importance of costs and the fact that fund managers generating alpha is hard. In the past year or so, we've discussed index funds and the merits of passive investing in multiple conversations but we haven't spoken much about Exchange Traded Funds (ETFs). The folks at Mirae are betting big on ETFs and they are launching a fund of fund (FOF) that invests in Nifty 50, Nifty Next 50, and Nifty midcap 150 ETF. This has the 2 benefits of equity taxation for the FOF and also the rebalancing inside the FOF is tax-free. So we caught up with Siddharth Srivastava, the head of ETF products at Mirae Asset India to talk about all things ETFs, index funds, and Mirae's new fund offering. In this conversation we talk about: What an ETF is, how does it work and how is it different from an index mutual fund The global and Indian ETF landscape His thought on why ETFs aren't popular among retail investors Liquidity issues in ETFs and what should investors do when buying and selling ETFs Why Mirae is launching index ETFs when it is known for its active funds What makes the new Mirae Asset Equity Allocator Fund of Fund unique and it's advantages His thought son how investors can use Mirae Asset Equity Allocator Fund of Fund in a portfolio Investing in this ETF vs buying the ETFs individually His personal investing philosophy and his investing lessons His favourite books Please enjoy this conversation with Siddharth of Mirae. We would love to hear your thoughts, feedback and suggestions on the podcast. Please do tweet your thoughts @CoinbyZerodha. You can also post your question on ETFs and mutual funds here on TradingQnA.

52 minSEP 9
Comments
Basics of ETFs and asset allocation with ETFs with Siddharth Srivastava

A step-by-step guide to investing in mutual funds - part 2

In part 1, Vidya spoke about why mutual funds, having the right expectations, setting goals, importance of asset allocation, and how to pick an equity fund. We figured given all the issues, the topic of debt mutual funds deserves a separate episode unto itself. Debt is supposed to be the boring part of your portfolio that provides stability while equity provides growth. But we've seen that investors driven by past returns, star ratings, and poor understanding of the various categories of funds have seen losses in the debt part of their portfolios. In this episode Vidya talks about: The need for a debt fund in a portfolio How to analyse and pick debt funds - the do's and dont's Understanding credit risk and duration risk How to use gilt funds What is rebalancing, the need for rebalancing and how tor rebalancing? Growth vs dividend plans and why it makes NO sense to invest in dividend plans Vidya's investing philosophy Her favourite books Do check out PrimeInvestor for some insightful...

30 minJUL 11
Comments
A step-by-step guide to investing in mutual funds - part 2

A step-by-step guide to investing in mutual funds - part 1

Since Feb 2020, we've seen historic and unprecedented volatility in the Indian markets. We saw the fastest fall in the markets and also one of the fastest recoveries in the history of the Indian markets. All this was within a space of a few months. Surprisingly, we are seeing a sharp uptick in the number of new investors enter the markets, but the mistakes some of them are making are the same old ones. Over the past few months, we've had conversations with some of the most experienced participants in the markets to put this insanely volatile market phase in perspective. But we also realized that investors were lacking context on how to think about investing even before they put their first rupee to work. So we figured, there's no better time than this to do this. Given that Vidya has been interacting with investors for the better part of a decade in various capacities, we reached out to her and she graciously agreed to talk to us. In this conversation, Vidya talks to Prateek about: ...

55 minJUL 4
Comments
A step-by-step guide to investing in mutual funds - part 1

Introduction to asset allocation with Radhika Gupta

In this episode, Prateek (Founder of LearnApp) caught up with Radhika Gupta, the CEO of Edelweiss Mutual Fund. Radhika started her career with McKinsey and later joined AQR - the pioneeringquantitative asset manager. She then started her own hedge fund whichwas acquired by Edelweiss Financial Services in 2014. She also led the acquisitionsof JP Morgan Mutual Fund and Ambit's AIF business and became the CEO of Edelweiss MF. In this wide-ranging conversation Radhika talks about: Her experience at AQR Common behavioural mistakes that investors commit What is asset allocation why is it important Static vs dynamic asset allocation Decodes balanced advantage funds, how they work, the various models etc What are equity savings funds and how do they work What makes Bharat Bond ETF special and the advantages How she invests personally and a whole lot more... Please enjoy this conversation with Radhika. Do let us know your feedback by tweeting to us @zerodhaonline.

43 minMAY 27
Comments
Introduction to asset allocation with Radhika Gupta

How to build a robust long term portfolio for all markets

As we publish this episode the markets continue to remain volatile and the Nifty 50 and Nifty Midcap 100 are down about 25% while the Nifty Smallcap 100 index is down by 33% year to date. We understand that these can be nerve-wracking times for you. With that in mind, over the last couple of weeks, we've published conversations with some of the smartest and most experienced people in the Indian markets, people who've seen the previous bear phases. And in this episode, Prateek Singh (Founder of LearnApp) caught up with I. V. Subramaniam (Subbu), the MD, CEO & CIO of Quantum Advisors. Subbu has over 25 years of experience in the India markets and has pretty much seen every market phase in India, including the Harshad Mehta scam, dot com crash, the 2008 crisis among others. In this conversation, Subbu talks about: How got started in the markets What exactly was the Harshad Mehta scam and what he personally learnt from it What you shouldn't do in a bear market Common behavioural mistake...

42 minMAY 8
Comments
How to build a robust long term portfolio for all markets

Understanding what's happening in the debt markets with R Sivakumar

Whenever there is volatility, equity markets get all the attention. Bonds typically don't move around as much as equities and hence they seem boring to most people. Moreover, the Indian bond markets are extremely shallow and are dominated by institutions. But the bond markets send far more useful and actionable signals about companies and the economy at large are far more insightful than movements of stock prices and indices. And debt mutual funds, the most accessible products to retail investors are dominated by institutions and HNIs. And there are also a lot of misconceptions about the role of debt in portfolios. So, Prateek Singh (Founder of LearnApp) caught up with R Sivakumar, Head of Fixed Income at Axis Mutual Fund - THE best person to talk about all things debt and bond markets. In this conversation we talk about: When happens in a bond market when the equity markets crash A birdseye view of the Indian and global economy as COVID-19 spread through the globe Factors that move...

50 minAPR 27
Comments
Understanding what's happening in the debt markets with R Sivakumar

The need for global diversification with Pratik Oswal

One of the most prevalent yet ignored biases among investors is called the home country bias - the tendency of investors to invest all or most of their money in the country they live in. To give you some context, India is just 2% of the world marketcap - meaning a vast majority of the investment opportunities lie outside India. And old economy stocks dominate the Indian indices. We don't have the Indian listed equivalent of Apple, Google, Netflix, Amazon, Facebook etc, the biggest and most innovative tech companies in the world. We've all been taught that we should diversify our portfolios across asset classes such as stocks, bonds, gold, real estate, etc. But In this wide-ranging conversation, Pratik Oswal, Head of Passive Funds at Motilal Oswal AMC talks to Prateek Singh (Founder of LearnApp) about: What is global diversification and why it is needed The opportunities and risks of global diversification What does depreciation of rupee means and how it adds to returns How to alloca...

59 minAPR 18
Comments
The need for global diversification with Pratik Oswal

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 Viruspandemic 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 worriedabout 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 liste...

46 minAPR 7
Comments
Investing through good and bad times with Kalpen Parekh

Latest Episodes

The right way to invest in mid-cap funds and small-cap funds with Rahul Singh

One of the things that investors struggle with the most is with having the right expectations when investing and we've talked about this in the previous episodes as well. Mid-cap funds and small-cap funds tend to have higher returns than large-cap funds. But what most investors don't realize is that those higher returns come with a cost - that is higher risk or volatility. Most often than not, they just look at line charts comparing large-cap funds with mid and small-cap funds without looking at the deep and sharp drawdown and invest. If you look at the inflows and outflows of mid-cap and small-cap funds, you can clearly see that most retail investors tend to invest in these funds when they have already gone up and sell when they crash. So, in this conversation, I caught up with Rahul Singh, the Chief Investment Officer (CIO) of Equities at Tata Asset Management. In this conversation Rahul talks about: Whether the Indian markets are too small enough for good opportunities the nature of mid and small caps and how should investors think about them and allocate to them. His own investing philosophy and that of Tata Mutual Fund His thoughts on the current market phase Current market valuations International diversification Large-caps vs mid-caps. Is it the right time to invest in mid-caps and the case for investing in mid-caps and small-caps How to invest in mid-caps and small-caps His own investing philosophy Investing mistakes and lessons Prateek Singh is the founder of LearnApp, an online learning platform with courses on investing, personal finance, trading and more, do check it out.

44 minOCT 24
Comments
The right way to invest in mid-cap funds and small-cap funds with Rahul Singh

Making sense of the markets that don't make sense with Anand Radhakrishnan

To say this year has been a roller-coaster ride for the markets would be an understatement. A lot of new investors saw their first serious market crash since 2008, although it didn't last as long, it was brutal nonetheless. But what was surprising was the dramatic recovery even as all the economic data was dismal. We wanted to make sense of the disconnect between the real economy and the stock market and also how investors should look at investing going forward. So Prateek caught up with Anand Radhakrishnan, the Chief Investment Officer of Equity at Franklin Templeton India. In this absolutely brilliant and wide-ranging conversation, Anand talks about: The opposite journeys of the economy and the markets The major economic concerns, both Indian and global Thought on the return of inflation globally How should investors think about this current market phase Why are the markets going up when the economic data is grim Thoughts on the current market phase and the factors that would dete...

57 minOCT 7
Comments
Making sense of the markets that don't make sense with Anand Radhakrishnan

Basics of ETFs and asset allocation with ETFs with Siddharth Srivastava

Index funds and ETFs are steading becoming popular among Indian investors as they realize the importance of costs and the fact that fund managers generating alpha is hard. In the past year or so, we've discussed index funds and the merits of passive investing in multiple conversations but we haven't spoken much about Exchange Traded Funds (ETFs). The folks at Mirae are betting big on ETFs and they are launching a fund of fund (FOF) that invests in Nifty 50, Nifty Next 50, and Nifty midcap 150 ETF. This has the 2 benefits of equity taxation for the FOF and also the rebalancing inside the FOF is tax-free. So we caught up with Siddharth Srivastava, the head of ETF products at Mirae Asset India to talk about all things ETFs, index funds, and Mirae's new fund offering. In this conversation we talk about: What an ETF is, how does it work and how is it different from an index mutual fund The global and Indian ETF landscape His thought on why ETFs aren't popular among retail investors Liquidity issues in ETFs and what should investors do when buying and selling ETFs Why Mirae is launching index ETFs when it is known for its active funds What makes the new Mirae Asset Equity Allocator Fund of Fund unique and it's advantages His thought son how investors can use Mirae Asset Equity Allocator Fund of Fund in a portfolio Investing in this ETF vs buying the ETFs individually His personal investing philosophy and his investing lessons His favourite books Please enjoy this conversation with Siddharth of Mirae. We would love to hear your thoughts, feedback and suggestions on the podcast. Please do tweet your thoughts @CoinbyZerodha. You can also post your question on ETFs and mutual funds here on TradingQnA.

52 minSEP 9
Comments
Basics of ETFs and asset allocation with ETFs with Siddharth Srivastava

A step-by-step guide to investing in mutual funds - part 2

In part 1, Vidya spoke about why mutual funds, having the right expectations, setting goals, importance of asset allocation, and how to pick an equity fund. We figured given all the issues, the topic of debt mutual funds deserves a separate episode unto itself. Debt is supposed to be the boring part of your portfolio that provides stability while equity provides growth. But we've seen that investors driven by past returns, star ratings, and poor understanding of the various categories of funds have seen losses in the debt part of their portfolios. In this episode Vidya talks about: The need for a debt fund in a portfolio How to analyse and pick debt funds - the do's and dont's Understanding credit risk and duration risk How to use gilt funds What is rebalancing, the need for rebalancing and how tor rebalancing? Growth vs dividend plans and why it makes NO sense to invest in dividend plans Vidya's investing philosophy Her favourite books Do check out PrimeInvestor for some insightful...

30 minJUL 11
Comments
A step-by-step guide to investing in mutual funds - part 2

A step-by-step guide to investing in mutual funds - part 1

Since Feb 2020, we've seen historic and unprecedented volatility in the Indian markets. We saw the fastest fall in the markets and also one of the fastest recoveries in the history of the Indian markets. All this was within a space of a few months. Surprisingly, we are seeing a sharp uptick in the number of new investors enter the markets, but the mistakes some of them are making are the same old ones. Over the past few months, we've had conversations with some of the most experienced participants in the markets to put this insanely volatile market phase in perspective. But we also realized that investors were lacking context on how to think about investing even before they put their first rupee to work. So we figured, there's no better time than this to do this. Given that Vidya has been interacting with investors for the better part of a decade in various capacities, we reached out to her and she graciously agreed to talk to us. In this conversation, Vidya talks to Prateek about: ...

55 minJUL 4
Comments
A step-by-step guide to investing in mutual funds - part 1

Introduction to asset allocation with Radhika Gupta

In this episode, Prateek (Founder of LearnApp) caught up with Radhika Gupta, the CEO of Edelweiss Mutual Fund. Radhika started her career with McKinsey and later joined AQR - the pioneeringquantitative asset manager. She then started her own hedge fund whichwas acquired by Edelweiss Financial Services in 2014. She also led the acquisitionsof JP Morgan Mutual Fund and Ambit's AIF business and became the CEO of Edelweiss MF. In this wide-ranging conversation Radhika talks about: Her experience at AQR Common behavioural mistakes that investors commit What is asset allocation why is it important Static vs dynamic asset allocation Decodes balanced advantage funds, how they work, the various models etc What are equity savings funds and how do they work What makes Bharat Bond ETF special and the advantages How she invests personally and a whole lot more... Please enjoy this conversation with Radhika. Do let us know your feedback by tweeting to us @zerodhaonline.

43 minMAY 27
Comments
Introduction to asset allocation with Radhika Gupta

How to build a robust long term portfolio for all markets

As we publish this episode the markets continue to remain volatile and the Nifty 50 and Nifty Midcap 100 are down about 25% while the Nifty Smallcap 100 index is down by 33% year to date. We understand that these can be nerve-wracking times for you. With that in mind, over the last couple of weeks, we've published conversations with some of the smartest and most experienced people in the Indian markets, people who've seen the previous bear phases. And in this episode, Prateek Singh (Founder of LearnApp) caught up with I. V. Subramaniam (Subbu), the MD, CEO & CIO of Quantum Advisors. Subbu has over 25 years of experience in the India markets and has pretty much seen every market phase in India, including the Harshad Mehta scam, dot com crash, the 2008 crisis among others. In this conversation, Subbu talks about: How got started in the markets What exactly was the Harshad Mehta scam and what he personally learnt from it What you shouldn't do in a bear market Common behavioural mistake...

42 minMAY 8
Comments
How to build a robust long term portfolio for all markets

Understanding what's happening in the debt markets with R Sivakumar

Whenever there is volatility, equity markets get all the attention. Bonds typically don't move around as much as equities and hence they seem boring to most people. Moreover, the Indian bond markets are extremely shallow and are dominated by institutions. But the bond markets send far more useful and actionable signals about companies and the economy at large are far more insightful than movements of stock prices and indices. And debt mutual funds, the most accessible products to retail investors are dominated by institutions and HNIs. And there are also a lot of misconceptions about the role of debt in portfolios. So, Prateek Singh (Founder of LearnApp) caught up with R Sivakumar, Head of Fixed Income at Axis Mutual Fund - THE best person to talk about all things debt and bond markets. In this conversation we talk about: When happens in a bond market when the equity markets crash A birdseye view of the Indian and global economy as COVID-19 spread through the globe Factors that move...

50 minAPR 27
Comments
Understanding what's happening in the debt markets with R Sivakumar

The need for global diversification with Pratik Oswal

One of the most prevalent yet ignored biases among investors is called the home country bias - the tendency of investors to invest all or most of their money in the country they live in. To give you some context, India is just 2% of the world marketcap - meaning a vast majority of the investment opportunities lie outside India. And old economy stocks dominate the Indian indices. We don't have the Indian listed equivalent of Apple, Google, Netflix, Amazon, Facebook etc, the biggest and most innovative tech companies in the world. We've all been taught that we should diversify our portfolios across asset classes such as stocks, bonds, gold, real estate, etc. But In this wide-ranging conversation, Pratik Oswal, Head of Passive Funds at Motilal Oswal AMC talks to Prateek Singh (Founder of LearnApp) about: What is global diversification and why it is needed The opportunities and risks of global diversification What does depreciation of rupee means and how it adds to returns How to alloca...

59 minAPR 18
Comments
The need for global diversification with Pratik Oswal

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 Viruspandemic 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 worriedabout 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 liste...

46 minAPR 7
Comments
Investing through good and bad times with Kalpen Parekh
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