Sameer Kaul

Food for thought. QSR companies are reporting slower same store sales and/or degrowth in revenues while the stock of the food aggregator is soaring ! Can the aggregator do well if the underlying QSR do badly ? Will take rates go up or down if overall consumption slows down ?

Pleased to share that our Athena Stock Convertible has declared its maiden dividend of 3 percent in the June quarter. We have also set a benchmark on performance reporting and we report performance net of fees and taxes#AIF#Investments

@ActusDei @Shiprasorout Investors should consider investing in a multi asset fund offshore that will reduce the need for frequent reporting since the fund can buy and sell and as long as the investor stays invested in the fund, there is no income or capital gains on which tax needs to be paid

A lot of Indians invest in US stocks. What they are not told is just how complex tax filing becomes. Today, @Shiprasorout does a deep dive into Schedule FA, the schedule you have to fill if you own any kind of foreign asset - stocks, bonds, property, ESOPs etc. Big things to keep in mind 1) Schedule FA is a calendar year disclosure while the rest of your return is financial year. 2) Even if you disclose income in other parts of your return, you have to still fill up Schedule FA. So FA is a kind of 'double disclosure' with a lot more details. 3) Go to a good CA. Not just any CA, but a CA with experience in this. Be ready to pay well for expertise. 4) If you miss something, you can get slapped with India's draconian Black Money Act. Don't risk this. There's a lot more to be understood around capital gains, dividends etc, so please carefully read the graphic and our article. livemint.com/money/personal…

@Suhelseth Nifty at sixty Suhel

Awwwww 60 but then maths and you have never had a healthy relationship 🤗

Given that a certain segment of the population will continue to send their children overseas for higher education, LRS can be a good channel to build long term savings by investing in global markets.

𝗔𝘁𝗵𝗲𝗻𝗮 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 announces the launch of "𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗘𝗾𝘂𝗶𝘁𝘆 𝗙𝘂𝗻𝗱" an AIF CAT III Fund with CORE and SATELLITE approach to investing. To know more, connect with us on - investorrelations.athena@prajana-alternatives.com #aif #aifcatIII #newfund

Pleased to see the launch of the second fund which will endeavour to generate an alpha over a core long only equity portfolio. As always, fee is kept low with no profit share, monthly liquidity and no exit load

Hear what Vineet Bagri, Chief Executive Officer at Athena Alternative Investments has to say about the latest round of reforms concerning AIFs right here 👇 lnkd.in/grW9SJjb #mintpodcast #aif #reforms #sebiregulations

@Ajay_Bagga We need more of such stories showing companies hiring and creating employment opportunities. Also important to note that well paying jobs can be created when companies have high margins and don’t compete on price

Apple store employees in India are highly qualified, well paid economictimes.indiatimes.com/jobs/hr-polici…. etapp.onelink.me/tOvY/135dde21

Perhaps time has come for direct plans to become like another share class that offers lower management fee but allowance is given to the manufacturer to pay a share of the management fee to the distributor. #investing #aif

The direct plan was originally conceived to offer a low cost mode for self directed investors to invest. Over time all kinds of investors are investing through direct plans.

@AjaySharmaCycas Investorrelations.athena@prajana-alternatives.com. Thank you for asking

@sameerkaul Where can I find more information about this fund?

We are walking the talk with a well priced aif, fully liquid and transparent portfolio, no entry or exit loads and no profit share. #athena stock convertible

We started our Athena stock convertible idea in December of last year. Since then while the index has been down 7.4 percent our fund has been flattish. Importantly, our framework is working and we endeavour to deliver the high single digit low double digit post fee/tax return

@iRadhikaGupta Dear Radhika congratulations and best wishes always.

I just received the inaugural Distinguished Alumni Award from the M&T Program at Penn. For a girl for who just studying abroad was a dream, this is surreal, a proof of the power of dreams. And yes, I’m wearing a saree, because I’m so proud to represent 🇮🇳 on every platform. 1/2

@Surindersgh @ActusDei @Trustplutus Friends the other message in the bottle is please pay your taxes and enjoy a good nights sleep. Any form of tax arbitrage should be done away with. Pay your taxes and give back to the nation @Trustplutus

@sameerkaul @ActusDei @Trustplutus So instead of tinkering with debt funds… they should allow indexation benefits to FD with tenure of 3 years or more to garner more deposits.. This will be good way to remive the arbitrage between fixed deposits and debt funds

A version of the finance bill circulating on social media proposes to end LTCG on #debt mutual funds bought after 1 April 2023. Meaning regardless of holding period, you pay tax at slab rate! Currently after 36 months, you pay 20% post indexation. It is a body-blow to debt funds.

@abhymurarka Irrespective of industry, all entrepreneurs should focus on running a sustainable scalable and profitable enterprise. Once you create value, valuations will come automatically @Trustplutus

Ashneer Grover choosing to do an e-sports startup and not Fintech tells us how bad is the state of that industry. Monetization is a challenge for many and profitability is a distant dream for all. A lot of VC capital is stuck at unsustainable valuations.

@avasthiniranjan @iRadhikaGupta Tax benefit for mutual funds also perhaps hurting bank deposit growth. Since banks are the real lenders to the larger economy, important to address liquidity issues for banks. Asset managers need to work harder to garner business.

Removal of indexation benefit from Debt MFs is a big loss for bond markets that are still struggling with liquidity. MFs are the only large active institutional investors who bring whatever little liquidity we have in bond market. Insurance and some others are HTM investors.

@ActusDei The arbitrage between bank FD and debt funds was creating issues in terms of deposit growth in banks. Banks provide real credit to the economy and pressure on liabilities has to be addressed. Also asset managers have to work harder to garner assets @Trustplutus

1) No tax till redemption. FD interest is taxed on accrual 2) Set off and carry forward of capital gains and losses 3) Flexibility- Withdraw or invest as much as you want, anytime. No premature termination penalty. Till we get official confirmation of these proposals, sit tight

Well did the mutual fund industry grow to 40 lakh crore just by itself using computers or did people toil to distribute products to bring them within reach of investors ? Distribution in financial services and other industries will always remain a moat irrespective of technology