vinod sangwan

@iramneek This the same fund central govt NPS employee. Please clarify I want to switch my NPS in this.

Today, DSP Pension Fund completes 2 years of operations.   AuM 26th December 2023 (Date of Inception): $0 31st December 2024: ~$142M 31st December 2025: ~$842M   Hypothetical conversation between one of our investors and I: Investor: Let’s skip the philosophy. For 2 years, you’ve outperformed the benchmark. But over the last one, you’re 7/10 among peers. Why should I trust a manager who is - at best - mediocre? I: Because the last 9/12 months rewarded passive crowding, not thinking. Investor: I want data (not many investors say so). Why are others doing better now? I: Because most managers manage portfolios very similarly. Over the last 9 months: - Index-heavy funds benefited from narrow leadership - Active managers with low Active Share (~40% average among the pension funds) looked smart We didn’t chase that. Our Active Share is 64%. That guarantees relative discomfort when markets don't reward your active share. Investor: Excuses! Why not adapt? I: Adapt what? One strategy is outperforming this year because it underperformed last year or a couple. We outperformed by a massive margin, and now we are underperforming. You adapt to market conditions, but you don't change principles. That's why they are called principles. I assure you - we may outperform some year again and we will surely underperform after that. Over long time though, our process has a high probability of generating satisfactory results for you. Investor: So you’re saying underperformance is… inevitable? I: 100%. For high Active Share funds like ours, we will underperform - periodically. If an active fund never underperforms, it’s not active. Our 18.86% turnover tells you we didn’t chase what was working yesterday. We positioned for what may compound for years. Investor: Still, why should I stay when peers look better today? I: Because the same argument you are making against us today could've been made in our favor last year, and you would be underperforming. Invest with any fund, and stay very long with that one fund. Switch only if you understand another fund manager better, but avoid chasing past year's returns. They have been generated, and someone else reaped them. You may not get them. Since inception: - Our return: 15.89% - BSE 200 TRI: 12.77% - Expense ratio: 0.09% - Turnover: <19% That performance was generated without style drift, and without raising risk when markets were rising sharply. In a rising market, the risk is flying everywhere, so we are very careful in the businesses we invest in. Our capture ratios reflect that: Upside Capture: 84% (Benchmark rises 10%, we rise 8.40%) Downside Capture: 64% (Benchmark falls 10%, we fall 6.40%) Investor: Capture ratio data are interesting. But, you’re saying that you're okay being 7th today? I: I’d be worried if we were 1st by abandoning our process. Our job isn’t to win every 12-month sprint. Our job is to avoid the marathon-ending mistake. Investor: Ok! So, when will performance turn? I: The moment value/price dispersion returns. The moment markets start rewarding first-principles based judgment. Those moments don’t announce themselves. They arrive quietly, right after most investors lose patience. It’s your pension fund. You are betting on us to not do something stupid while waiting. If that resonates, we're together in the right room. Finally, most of our ideas and views could turn out to be plain wrong. Thanks for investing with us. We are extremely grateful for your trust. --- Factsheet: dsppension.com/nps-factsheet-… Our Investing and portfolio management framework: Equity: dsppension.com/blog/investing… Fixed Income: dsppension.com/blog/investing… Our latest write-up: dsppension.com/blog/investing…

A Middle Class Person wants to Buy 2 Wheeler for his family. He works hard, saves money & test rides a TVS Jupiter. He feels it is good for his small family. He enquires the cost. Ex Showroom Price is ₹76000. He realizes that this price includes 18% GST (around ₹11000). 18% YES, THAT'S RIGHT. Base Price is around ₹65000. ₹13000 Road Tax + Registration. Both PAID TO Government. ₹6000 for a Motor Insurance (18% GST ~₹1000 to Govt). Yes that is 18% GST. Accessories ₹5000 (GST included) So, now he totally has to pay ₹1,00,000. He calculates that he eventually pays 70% to Dealer, 5% to Insurance company & 25% to Government. He has already paid 20%-30% tax to the Government in the First Place 😀😀 He feels a bit let down. But then he asks himself: - Why am I Paying 18% GST on a 2 Wheeler when I have paid 20%-30% Tax already on my income? - Why am I Paying 18% GST on Motor Insurance when this is supposed to Protect me in case of Accident? - I am not taking any Loan, but still I Pay almost ₹25000 to Government just to buy a Vehicle for my Family. I pay ₹70000 to the Vehicle Dealer & ₹5000 to the Insurer. They also have to make some money out of it. So I am actually paying Government so much for the Vehicle. He asks these questions, but realizes that he is Middle Class. He pays the Taxes, buys the Vehicle, Takes Photograph & Goes Home to Enjoy with Family. He goes back to Work the next day, so that he can afford many other things. Cycle Continues... This is the Story of Every Middle Class of India 😀❤️ @FinMinIndia - You need to answer the questions asked by this Middle Class Person. Don't you think? If you are a Hard Working Honest Middle Class Reader like Me, Share this Story until the Government takes notice & Becomes Accountable. #FI

@drprashantmish6 Done sir

Update Goal - Around 20 lakh Help received - around 1.5 lakh Please help Sudhir for his Bone Marrow Transplant. Even a small contribution of ₹100 will be enough. We can achieve target If 20,000 people each contribute ₹100 Your small contribution can save someone's life .

@raghavwadhwa Techera engineering

This SME precision engineering company focused on aerospace & defence tooling, fixtures, automation, and machined components, benefiting from India’s Aatmanirbhar Bharat push with clients like HAL, Tata Boeing, Tata Lockheed Martin, Godrej Aerospace, and Tata Technologies. Guess the company 👇

@finallynitin @StockyMind Ek number

🎶 Ego side rakh - the market hip hop song is live! 😃 Lyrical inspiration from a couplet by @StockyMind Here is a short clip, & if you like it, do listen the full song on: Spotify: open.spotify.com/track/6Avt7Emo… YouTube: music.youtube.com/watch?v=BjnKB4… Apple Music: music.apple.com/in/album/ego-s… Amazon Music: music.amazon.in/tracks/B0G675C…

@jeevanpatwa Sir, no comment on azad engineering results.

#Lauruslab my hypothesis presented today at Alpha ideas Transformed itself from ARV leader to fastest growing CDMO- 50% CAGR for CDMO FY25-28 FY28 nos will match with Divis FY26 nos. Similar top line 11000 crs with similar EBIDTA 32-33% and similar contribution from CDMO(50%). In fact, it has wider canvas (Bio, CGT, ADC) to play than Divis. Will it have mcap then similar to Divis now?

@varinder_bansal Sir, I can't find the telegram link on omakara Capital, please share

A small story for stock market investors - read in your free time A wise man once asked me, “How much money do you want to earn from the stock markets?” Hesitantly, without much thought, I said, “Maybe ₹500 crore.” He smiled and asked, “By when?” I said, “In 5–7 years, maybe.” He replied, “Any issue if it takes 7–10 years instead?” I said, “No, as long as I make it.” He said calmly, “Then you’ll make it — just keep standing on the wicket.” It’s exactly like cricket. A batsman needs to stay on the wicket to score runs and avoid doing something foolish that gets him out. He waits patiently for the loose balls to hit boundaries. Our job in the markets is the same. Stay on this beautiful wicket called the stock market. Avoid stupid, narrative-driven mistakes. Keep betting on the strongest managements and businesses — with discipline and risk management. Remember — markets don’t owe us anything. It’s not the market’s job to rise every day just because everyone wishes so. Markets will surprise you when you expect it the least. Staring at the screen won’t make your stocks move higher — if that worked, no one would attend college or work hard; they’d just sit and watch screens to get rich. So, breathe. Allocate what you can truly handle. Ride the India wave, wisely. Everything is in place — now it’s up to you to manage your risk. Returns will come — slowly, steadily, but surely.

@varinder_bansal Sir, please share the link telegram

We have sent an e-mail & whatsapp to all paid subscribers in case they did not get telegram channel link & data room access. plz fill google form & we will get back with the login details. Thanks

@varinder_bansal @omkaracap Sir otp is not been received in e-mail try many time

OMKARA CAPITAL: LIMITED TIME OFFER — ₹99 for 1 Month This Diwali, invest in wisdom — not in tips or hearsay. Experience Omkara’s in-depth research & insights for just ₹99. Research. Forensics. Exclusive Webinars. Daily Newsletter. Real-time Updates. हमेशा पढ़, समझ कर Invest करें. omkaracapital.in/diwali-offer

@trafficchd without helmet dividing road sector 32&33 dated 12.09.25 time 06:10 pm

@itsTarH Any good mutual fund for global investment.

US markets have been great this year and largely helped pushed my PF returns higher But that 40% STCG really hurts 😭

@trafficchd traffic lights of gurdwara chowk not working. Traffic jam feom last one hour. Please do the needful.@DgpChdPolice

@Atulsingh_asan @nakulvibhor Done my part also.

@nakulvibhor Thank you vibhor ji 🙏

Hi everyone Someone need your help I hv done my part Request others to come forward and help this little champ You can contribute whatever you want. Details are mentioned in tweet below Prayers 🙏🙏

@drprashantmish6 Done sir

Another account Detail. Account Details for donations: Name:- Poojadevi Dhanu Chaudhary Bank: -Bank of Baroda Alc NO: 04140100024937 IFSC NO – BARB05ANWE5 Branch :- Santacruz West

Please help Devam ( Gleneagles Hospital , Parel ) Funds needed- 7 lakhs .( Account Details and Mother's Upi id is attached ) Please transfer via Bank transfer if UPI doesn't work ) You can verify by calling Gleneagles Hospital , Parel) Msg by His father . My 10-month-old son, Devam Chaudhary, has been fighting a life-threatening condition called Biliary Atresia since birth. Doctors have told us that a liver transplant is the only option to save his life. We live in Mumbai, and I am Devam’s father. I am the sole earning member of our family, but I am currently unemployed and struggling to afford the cost of this critical surgery. My family have arranged 9,50,000 and another 07 Lakhs needed for a Liver transplant. Estimated cost is 16.5 lakhs With your support, we will be able to fight this disease and my son can live a longer life. The details of payment are below. You are welcome to verify the case details by calling the hospital. Patient Name: Mast. Devam Chaudhary City: Mumbai Age: 10 months Monthly Income: Father is currently unemployed Profession: Chef Disease: Biliary Atresia Treatment: Liver Transplant Treatment Cost: 16,50,000/- Arranged : 9,50,000 Needed Funds: 7 Lakhs Account Details for donations: Name:- Mr. Dhanu Lalchand Chaudhary Bank: -Bassein Catholic Co-operative Bank Ltd. Alc NO: 025100100007282 IFSC NO – BACB0000025 Branch :- Arnala

@Atulsingh_asan I a govt employee can do invest 5 to 10 thousand invest per month do sip in this market and also doing 10 thosan sip in 2 funds flexible and small cap. Is is better pls advise

@DasRadhye KPL also has this kind of step.

2083-2100 - Is this possible !!? well in Gravita i done a small mistake around 400 and 1100:)

How this will work in BALU and when ? :)

Divansh Gupta, a 17-year-old autistic boy, went missing from Laxmi Nagar, East Delhi today afternoon. Due to his autism, he is unable to speak or respond properly If you have any information, please contact Gaurav Gupta 8287593642. Please help by reposting.

@zerodha Already share ticket but no solution.

@ViniSangwan Hi Vinod, could you please create a ticket at support.zerodha.com and DM us the ticket number? We'll have this checked and clarified. bit.ly/ZDMIN

@zerodha, my mother, requested a withdrawal 49 hours amount is not credit account. You mention that it takes 24 hours to 48 hours. 48 hours already past, still not credit in bank account.

@zerodha First, improve your fund withdrawal service of dated 07.12.24, which has not been completed by you till date.

Simplifying stock search on Kite. Now, easily search for companies using the brands or products they are associated with. If you have suggestions on which brands to add, do let us know in the comments.