Arvind Datta
@datta_arvind
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Founder & CEO-Marigold Wealth Ex-Banker Risk Management Retail Assets, Credit Cards, Wealth Management FMS Alumni Guest faculty at B Schools
India
Joined September 2016
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"There is many a times a slip between the lip and the cup"
No better way to explain my real life example that took place 29 years ago !!
Will share soon
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2 yrs ago my son required police report from India, UAE, UK for PG course at University abroad
Indian police report took 7 days after applying online. Police guy came for verification, asked for a bribe
UK police report came in courier in 8 days
UAE police report came in 6 hours
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Best place to settle down - UAE and in particular Dubai
Buy a AED 2Mn (₹4.5Cr) property you are eligible for a golden visa.
Anyone over 55 yrs can avail a retirement visa if you invest AED 1 Mn in a property.
No crime most safe for women
Best in class infra and many more things
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I have always preferred
@emirates
since last 16 years over any other airline, reason is their customer centric focus
Today due to a technical fault at Delhi flight was delayed by 2 hours
Due to delay missed my connecting flight. There were 80 other pax who too missed
1/2
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Today the cost of shipping a 40ft container from Asia to Europe is $17,000. This cost was $1500 a year ago.
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At Dubai airport Emirates staff was ready with new printed boarding passes with hotel bookings
They provided visa to go out to the hotel
Tom morning they will pick us up from the hotel
This service standard sets
@emirates
apart.
Delighting customers always
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Saw this EV at the charging station on the highway being charged on a diesel generator.
We buy EVs, charge them on fossil fuels and then try to make a statement "I have gone green, I drive a EV."
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So much of outrage on X against the govt and FM.
Never seen anything like this in the past.
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WA fwd
Take my business, run it and just give me the tax....
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Sell your stock, get the payment same day/same time.
Game changer from SEBI.
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Tomato and Zomato will sell at the same price one day.
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In my 36 years of investing journey, never seen HDFC Ltd rise by 15% and HDFC Bank by 14% in one single session and that too on the same day.
phew !!
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Unacademy is spending huge money on IPL sponsorship but fired 1000 staff in a massive cost cutting exercise in the last couple of days
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My journey in the stock markets started in July 1986 as a 17 year old
This month I complete 35 years in the markets as an investor.
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SGB is dead.
Govt won't make any fresh issue of SGBs having learnt it's lessons the very hard way and perpetuating a fraud on the investors by reducing import duty in Gold by 9% to soften their impact on redemption.
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JOB SECURITY IN PRIVATE SECTOR IS A MYTH.
I worked for 25 years in the private sector and everyday lived as if "today can be my last day in office".
If you want job security join a government job.
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Best place about Dubai.
You can apply for a business license to start a business.
Upload your documents, pay the fees and within a few hours your business license will be emailed to you
You are ready for business
No bribes no red tapism
Ease of doing business at it's best
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For all those who don't know.
UPI was the brainchild of erstwhile RBI Governor Raghuram Rajan.
Under his governorship he has initiated the UPI project.
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A promoter today destroyed 7200 crores of market cap just for his ego as he wanted to continue as the MD of the company and not willing to let go his position.
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Govt converted 16,000 crores of dues of Vodafone Idea at Rs 10 per share, that's 46% premium to the current share price trading at Rs 6.85 per share
Govt owns 33% shareholding & is now the biggest shareholder
Voda Idea is now a Semi Public Sector Undertaking theoretically.
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TCS buy back is at 4500 which is a good sign but I never tender my shares in buybacks.
When the company is so bullish on its future prospects why the hell should I tender my shares in buy back.
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Zomato wants to use their IPO funds to invest in other start ups so that when their valuation goes up Zomato's valuation will go up automatically instead of investing the money in their own business.
There seems to be no clarity on profitability.
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Bull markets make you believe you are the best stock picker in the world !!
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In UAE the tax on a car is 5%
Buy whichever car you want to.
In India it is as high as 47%
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This was sheer arrogance that has resulted in today's situation for Paytm
Karma is a great leveller. What goes around comes around.
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Till a year ago there was only one company with over 10,000 crore profit in a quarter.
That was Reliance...
This quarter there are four:
Reliance
TCS
HDFC Bank
SBI
This clearly shows the BIG are getting BIGGER.....
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90% of demat account holders have never seen a bear market in their lifetime.
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As per an ICICI Sec report
iPhone users have a portfolio size of 3X than Android users.
Average portfolio of iPhone user is 44 lacs compared to 14 lacs for an Android user.
Interesting data.....
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As per rumours and credit default swap rates either Deutsche Bank or Credit Suisse are on the verge of collapse.. If this happens then it would be the Lehman moment and will be negative for global financial markets.
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If you are looking for a passport ofna different country, try Vanuatu
It's cheaper & faster to get citizenship
It costs ₹1 cr for a single person and ₹1.5cr for a family with minor kids
You can get your passports in less than 3 months.
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Apple market cap knocking on $ 3.0 Tn.
Just for comparison -
The market cap of entire Indian market $3.5 Tn
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When govt has to pay back investors on redemption, best strategy is to reduce duty on gold and save 10% outflow.
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Where ITC was exactly 2-3 months ago - most hated stock on Twitter, now the most hated stock seems to be HDFC Bank on Twitter.
Makes me all the more bullish on HDFC Bank for the future.
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If you know next multi bagger then I suggest sell your house & invest everything to earn multi bagger returns & buy 5 houses later but for heavens sake don't sell your webinars to gullible investors
If someone knows the get rich formula why would that person share the formula?
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How many of you read ?
Annual Reports
Quarterly results
Concall transcripts
Investor presentations
Rating Rational Reports
Before you invest in a business.
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Add 18% GST on insurance too.
The govt collects almost 40 to 45% of the money in taxes from you when buying a car
Itni loot koi business entity karegi to everyone will start crying
Fun fact: When you buy a ₹10 Lakh Car in India, you pay ₹2,80,000 as GST(28%) and ₹70,000 as Registration fees (Road Tax) to the government.
Still,
@nitin_gadkari
calls you a phokatiya when you ask for toll-free roads!
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Paytm market cap now $8.68 bn
Wealth destruction almost $11 bn
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I saw a lot of people making a hue n cry when a Chinese bank bought a 0.20% stake in HDFC Ltd but people happily use Paytm, Zomato, Dream11, Big Basket
These companies have a big ownership from Chinese investors
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ITC launches Mishti Doi in Kolkata.
A new product in a new segment.
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Govt mandates 6 airbags in every car.
Imagine how much the cost of an entry level car will skyrocket, the likes of Alto, Santro, Swift and the likes will be out of reach for many first time buyers.
Auto companies have no hope for car sales to revive anytime soon.
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My 1st ever investment is a stock is up 390X in 35 years.
This was the 1st IPO I applied at 10 per share in 1986 and still hold that 100 shares
The only lesson you can draw from this is "It takes patience to grow wealth".
Till about a year ago this was just 185X.
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Aswath Damodaran assigned a value of 42 per share to Zomato but everyone was not willing to believe him.
Today the stock price is jau about at that valuation.
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Should one buy LIC stock at 723 ?
It's down 24% from issue price.
My answer is a Big NO
PSUs have only destroyed wealth for investors
Government as a promoter has been a big failure.
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When a payment for advance tax is made late, we have to pay a penal interest to the government.
Here EPFO has delayed interest credit by 11 months.
Shouldn't they be liable to pay penal interest on delay?
Are rules different for government and citizens ?
@srirambadric
@TVMohandasPai
@FinMinIndia
@AshwiniVaishnaw
@PMOIndia
Dear member, the process of crediting interest for FY 21-22 is ongoing and it will get reflected into your account soon. Whenever the interest is credited, it will be paid in full. There will be no loss of interest.
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Axis Bank hired the cream of the lot from HDFC bank in 2020 and that team is working it's magic in Axis Bank.
The real story has just begun.
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Vodafone UK the parent of Voda Idea has written off their entire investment in Voda Idea
Kumar mangalam Birla is willing to give his stake for free to govt.
Retail shareholders are so bullish about the company when promoters themselves are not sure if they can salvage the co
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Electric Two Wheeler registration data for 2021
Hero Electric 45,264
Okinawa 29.946
Ather 15,923
Ampere 12,470
Ola 238
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All good things come to end one day as Citi branches are rebranded as Axis branches
Sad day to see Citi exit consumer banking in India
A great institution where I learned banking, had so much of learning and growth opportunities.
I owe my success in my career to Citi
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Mid cap IT stocks have corrected 20%+ from the top.
If you have to buy which one IT stock you will buy. Share your choice.
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LIC ties up with Policy Bazaar to sell their policies on PB Fintech's platform.
This is the first tie-up by LIC with an insurance aggregator.
LIC operates only through their agents and have been losing market share.
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A typical job interview is a conversation between two liars.
Interviewer : Our company has the best work culture.
Candidate : I will prove to be the best employee.
😀
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1000 users linked the same PAN number and conducted transactions worth crores.
And Paytm Payments Bank AML and compliance teams were sleeping.
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Which company has 3700cr of cash on books and trades at a market cap of 7000 Cr?
I love cash rich businesses.
Hint it's a platform company and is profitable.
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Today renewed my car insurance. 18% GST is criminal.
India is a highly under penetrated market, if govt reduces GST to 5% the penetration will grow exponentially and govt can garner more revenue.
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IDFC First announced the death of their CRO y'day & in the same communication they intimated the appointment of a new CRO
Message-No matter in whichever position you are, you are not indispensable
Don't slog your life for the organisation, spend more time with family & loved ones
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Recently my friend's son took a home loan. He approached 2 banks- PSU & Private for the loan
He pitted both against each other
Both kept lowering their rates by 5 bps bettering the other bank
Ultimately the private sector bank won offering 8.35%
PSU banks final rate was 8.4%
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Last month Hyatt and Marriott opened their hotels in Dehradun.
It's full this weekend.
ARR is 21k per night and still no room available.
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The product was not backed by physical gold and when prices skyrocketed in last few years it became unmanageable to service the interest cost.
I wonder whose idea it was to launch a gold bond scheme without the physical gold.
We have so many geniuses in the finance ministry
Govt liabilities on gold bond stock estimated to have risen 9 times since FY20 to Rs 85,000cr in FY25.
@Sapna_CNBC
reports there is no surety if the governemnt will come up with a fresh issuance in the current fiscal . Sources add the sovereign gold bond is one of the most
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A new HDFC Bank branch opening shortly, just 200 mtrs from my home.
Aggressive branch expansion strategy continues.
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People are saying Nifty is down just 12% from the top.
The reality is Index is being managed.
The real pain is in individual stocks which are down anywhere from 25% to 50%
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Paytm should announce a Buy Back at 2150 to support the share price.
See how it will jump once they announce the buy back
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Zomato will start a lending business and they will apply the discounting model to gain customers
You take a loan of 10,000 and repay just 9000 back. You will get a 10% discount on principal and have to pay zero % interest.
That's what is the cash burn model of start ups.
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Hearing
@vijayshekhar
over many interviews in the last couple of months, One thing is for sure-he doesn't understand finance nor financials.
He is an engineer and his understanding is more on technology side.
He needs a good finance team who understands "Profits"
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When you buy a Burger from Burger King or a Pizza from Pizza Hut, Domino's or chicken products from KFC worth Rs 500 the gross profit they earn on the sale is Rs 350.
Gross profit margins for QSR chains range between 67% - 70%.
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China has 8400 KFC outlets, India has 627.
China has 2590 Pizza Hut stores, India has 632.
Huge scope for growth of QSR business in India.
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What Axis gets from Citi deal ?
18,500 cr of loan book
8900 Cr of Cards portfolio
82,000 Cr of Wealth Management portfolio
50,200 Cr of deposits
1600+ corporates who have salary accounts.
21 branches, 499 ATMs
Axis credit cards book becomes No 3 after this acquisition
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IDFC First Bank is now trading at its fair value at 29.
Trading below book value and offers a decent risk reward.
Not a recco...
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Reliance Power, Paytm and now LIC confirm a big IPO takes the market down.
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Share price of Hero Moto in 2014 was around Rs 2650 and still the same in 2021.
Investors love to curse ITC.
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No one forced you to apply in
Zomato
Cartrade
Paytm
Nykaa and many other IPOs trading below IPO price.
It was your greed that forced you to apply and take a loss....
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One sees massive traffic jams on Bangkok roads but not a single driver cuts into other lanes....
When will Indians learn to follow lane discipline??
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Ola Electric today signed up with HDFC Bank Kotak Bank ICICI Bank and Tata Capital to finance it's electric Two Wheelers
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ITC makes a profit of 2.5X times that of HUL in a quarter but trades at 1/3 rd of the valuations.
ITC grows it's Q3 net profit by 29% whereas HUL profit growth in Q3 is 12%
Still investors are willing to trust HUL more than ITC
But things may not remain the same forever.
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A bit of trivia
ITC has outperformed the Nifty 50 in calendar 2021 till date.
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KV Kamath has been appointed as an independent director in Reliance.
Understand this move.
He is the father of retail consumer finance in India.
Reliance makes its ambition clear in financial services.
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Interest rates will peak out in next 3-4 months in India.
Lock in your FDs at higher rates for longer tenure of 3-4 years.....
This will help you to keep your deposits locked at higher rates for next 3-4 years....
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If govt reduces highest slab of income tax to 20%, their coffers will overflow with taxes.....
Less taxes always leads to more compliance.....
Soch badlo desh badlo ....
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I am searching for indian retail investors who will come and buy the Dip and take stock prices higher.
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The group already have a debt of 2.25 lac crores.
Now will this 60,000 crores pleadged for donation will also be borrowed from banks?
Gautam Adani, Asia’s richest person, and his family have pledged to donate ₹60,000 crore ($7.7 billion) to a slew of social causes, to mark his 60-th birthday.
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Do you know Aditya Puri doesn't carry a mobile phone and neither has a laptop or PC on his desk
He says these gadgets reduce his productivity and are a waste of time !!
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Best part of FMCG businesses, the retail prices only move in one direction even if raw material costs come down.....raw material price cuts never get passed on to consumers.
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Met a 30 yr old investor today, he has trading accounts in Grow & Zerodha
Started Investing around 4 months ago
Has 3 stocks in his portfolio
1. Voda Idea
2. Yes Bank
3. Suzlon
He believes these can be multi baggers
I couldn't say anything to him and walked out of the meeting
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Sapphire Foods made a preferential allotment to existing shareholders in Aug'21 at 505 per share & after 3 months same shareholders are selling their shares at 1180 per share
Good way to fool the investors
Greed of promoters and merchant bankers once again is showing in this IPO
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Sunil Gavaskar, Kapil Dev, Virendra Sehwag, Chris Gayle promoting Kamla Pasand.
What example are they setting for the young generation?
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Tata Consultancy Down for 8th Day consecutively ; This is the longest Loss Streak in 13 Years.
Bajaj Finance Down Most in 10 Weeks.........
Blue chips are taking it on the chin......
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The only way to discipline our younger generation is to have compulsory 6 months of military training for everyone in the age group 20 to 30.
The tough life during the training teaches you lot of good things.
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India's top 25 companies with highest profits in FY2022.
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30% of market cap of IRCTC lost in 24 hours.
Never seen such destruction of wealth.
No one was questioning when it was rising like a High Tide every day.
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As a 17yr old kid just out of school in July 1986, this was my first ever investment in an IPO at Rs 10 per share. I continue to hold this till today as a memorabilia of my first investment in a stock
Its been 287X for me in 35 years.
Rs 1000 invested has grown to Rs 2.87 lacs.
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LIC IPO has been priced at 1.1X of embedded value which is very cheap and it makes sense to apply as government has now left value on the table for investors.
IPO price band @ 902-949 is very attractive
Earlier at 2100 per share it was exorbitantly priced.
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Technical Failure rate of UPI transactions (Oct21)
PNB 4.4%
Indian Bank 8.3%
SBI 1%
Kotak 1%
HDFC 0.3%
ICICI 0.2%
Bank of India 2.5%
Axis 0.8%
Union Bank 1.5%
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How many Electric Two Wheelers did Bajaj, TVS and Ather sell in Oct'2021 ?
Bajaj Chetak 835
TVS IQube 395
Ather 3500
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