✨Amit Makwana✨

RR Kabel #Rrkabel Posted Superb Numbers

@rishibagree @DayaShukl That's ok but why the persons in the picture is looking the same 🤔

Who were involved in the NEET leak : And - Greedy Parents, teachers, and Coaching Mafias Who exposed it? Ans - NTA and Govt Who ordered CBI enquiry : And - Dharmendra Pradhan Who caught the 13 Culprits : A - Modi Govt Whom the protestors are targeting : A- Modi and his Mother

@VVVStockAnalyst Great content as always bhai

Since my account getting hacked a few weeks ago, my post reach has gone down significantly Would be really happy to see if you can hit a ♥️ and comment if my posts are reaching you promptly. Hope my content has helped you maneuver the markets in the last many years.

Man I love Republic TV. You have to keep up ❤️

@VVVStockAnalyst @ismail_mo08 Subah 7 baje Pathhar bharke gadi kisne vaha pe rakhvai thi bhai ??

@ismail_mo08 Definitely, that is true. I will speak up for them. But this violent anti national mob with threats and attacks on police is not the way. Im so sorry but this is not the way. And US Embassy notes 20,21July specifically long ago. Can't you connect the dots.

#Congress will have to answer 120 crore people of India about its inhuman act of brutality on innocent protestors http://bit.ly/knpjSJ

The PM should directly reach out to students and assure them on decimating paper leak mafia & time bound action plan. The students shud debate n protest on issues at a designated site peacefully and not do marches to parliament or PM house as it allows political goons n foreign funded NGOs to create anarchy. All of us are on the same side- A better future of India 🇮🇳

I saw sound bites from students. They are in their teens and have yet to understand real life. If a huge number of people march towards Parliament, the seat of the country's power, how can the police take any chances? They know anti social elements would inevitably infiltrate such protests. Yet students expect the police force to be compassionate. They need to come to terms with reality. The government should have dismissed Education Minister Dharmendra Pradhan long ago and come out with a clear proposal on how it plans to conduct exams in the future without leaks and in a transparent manner. This government has become so accustomed to absolute power that it has turned insensitive even to the genuine problems of students. Parents and elders in students families have only chosen governments that pander to their social prejudices and biases. We get what we prioritise. I don’t know what the solution is when the government refuses to be receptive to the public, other than to say that in the future we should choose policymakers who are receptive, engage in dialogue with citizens, and whose primary focus is on education, healthcare, employment, and quality of life - instead of widening society’s fault lines.

Sometimes I think people born before the '90s are a different breed 😄 Survived black & white TVs, landlines, dial-up internet, Wifi, floppy disks, CDs, pagers, smartphones... and now AI. From adjusting TV antennas to engineering AI prompts. What an absolutely ridiculous and incredible journey to witness in a single lifetime!

He's Tukaram Mundhe, a 2005-batch IAS from Maharashtra. Over the last few weeks, you might have heard his name. That is because he was recently appointed Commissioner of State’s Food and Drug Administration (FDA). Since taking charge, the FDA has been on an absolute warpath, raiding illegal, fake, synthetic, and adulterated products. From synthetic milk networks and adulterated paneer to illegal gutkha and unhygienic eateries, nothing has escaped his radar. Mundhe has made it clear that even the most famous names will not get a free pass. His department shocked Mumbai by suspending the food licenses of iconic establishments, such as the 73-year-old Marine Drive ice cream parlor K. Rustom & Co., alongside famous eateries like Shalimar Hospitality, Noor Mohammadi Hotel, and Rahmaniya Restaurant, after surprise inspections uncovered severe hygiene violations, including live pests and expired ingredients. Such is the fear of his crackdowns that, just two days ago, dairy farmers were caught on video spilling hundreds of liters of synthetic milk after rumors of an impending FDA raid spread. This is his 25th transfer in a 21-year career, a testament to his refusal to bend to political pressure. It makes you wonder: if just one IAS officer can bring about so much change, where would our country be if every bureaucrat were as uncompromising and proactive as him?

Disclaimer: Personal view, shared only for educational purposes. Not investment advice. Please do your own research before investing.

🎯 FINAL VERDICT At ₹574, valuations are Reasonable considering SBI Funds' Leadership Position—but certainly NOT Cheap. Strong institutional participation should support market interest. My View: ✅ APPLY For Reasonable Listing Gains + Long-term 21/21 🧵

As MF penetration deepens across Tier-2, Tier-3 & smaller cities, SBI Funds is among the best-positioned AMCs to capture these flows. But I would closely monitor: → Active Equity AUM Mix → Scheme Performance → Revenue Yield on AUM → SEBI Expense Ratio Framework 20/21

🎯 OVERALL VIEW The SBI Funds story isn't simply about being India's Largest AMC. The real story is 👇 SBI Distribution + 15.76 Million Live SIPs + B30 Penetration + India's Financialisation of Savings 19/21

⚠️ KEY RISKS ▪️ 100% OFS ▪️ Capital Market Dependency ▪️ Regulatory Fee Compression ▪️ Lower Revenue Yield on AUM ▪️ High Passive AUM Mix ▪️ Scheme Underperformance ▪️ Top 5 Schemes = 43.41% of QAAUM ▪️ Valuation Not Cheap 18/21

✅ POSITIVES ▪️ India's Largest AMC ▪️ SBI Distribution Moat ▪️ Amundi Expertise ▪️ Strong SIP Franchise ▪️ Huge B30 Opportunity ▪️ Largest PMS & SIF Platform ▪️ Debt Free ▪️ Asset Light ▪️ Strong Cash Generation ▪️ Financialisation Theme 17/21

💰 VALUATION At ₹574: M.Cap: ~₹1.17 Lakh Cr FY26E P/E: ~38× Valuation is broadly around the zone of premium listed AMC players. At 35× FY28E PAT 👇 🎯 Anticipated Value: ~₹730 Potential Upside: ~27% 16/21

📊 FINANCIALS Revenue / PAT (₹ Cr) FY23: ₹2,162 / ₹1,340 FY24: ₹2,691 / ₹2,073 FY25: ₹3,598 / ₹2,540 My Estimates 👇 FY26E: ₹4,250 / ₹3,070 FY27E: ₹4,850 / ₹3,600 FY28E: ₹5,650 / ₹4,250 15/21

🚨 SCHEME PERFORMANCE NEEDS MONITORING Only 11.36% of Equity & Equity-oriented schemes were in the Top Quartile over a 3-year period, as per DRHP CRISIL data. Persistent underperformance can impact: → Future inflows → Redemptions → Active AUM growth 14/21

⚠️ BUT THERE'S AN AUM QUALITY ISSUE A significant portion of SBI Funds' AUM comes from Passive Products. Passives provide scale & stickiness BUT generate lower yields than Active Equity Funds. This partly explains lower profit per ₹ of AUM vs premium AMC peers. 13/21