This MF industry boasts of 50 lakh cr AUM and 4 cr investors. ( Retail is less 50% of this AUM & that's a diff issue). If they cannot handle this kyc mess for meagre 4 cr investors, how can they handle 10 or 15 cr investors in future. This industry is a joke. FD sahi hai!

Some days I wonder how broken our infrastructure really is. Today, while travelling just 8 km in Bengaluru, I noticed at least 10 garbage pile-ups and 3 places where drainage was overflowing. And all of this in what we proudly call the Silicon Valley of India. We talk about AI, startups and trillion-dollar economies, but shouldn’t basic civic infrastructure come first?

And one more tragedy or joke in HDFC that half of june month gone their employees still not got hike or increament in salary while others giving hike from month of April in HDFC arrears from April to june or July will also not paid. And they telling indias number one Bank.

The problem with govt babus is that their jobs are permanent irrespective of how incompetent or corrupt they are.

AUM of 12000 cr in June 2023 to an AUM of 2500 cr in May 2026 is the real Sankatkaal sir. Saurabh Mukherjea says we are in Sankatkaal but his PMS clients have been in Sankatkaal ever since they gave their money into the hands of Marcellus Investment Managers. His main Scheme Consistent Compounders Portfolio benchmarked against Nifty 50 fell short of even Nifty 50 returns over 1 year, 2 years, 3 years, 5 years, and since Inception. So are his other schemes. His client base fell from 7000 clients to 2133 clients in last 30 odd months. AUM fell from a massive 10000 cr to 2515 cr in the last 30 months. Marcellus has seen negative net flows every month. He is an amazing salesman but clients have seen through his inability to generate returns. Our Media houses dont question him because they need each other to scratch each other’s back. Its a shame. Retail Investors must be extremely careful when we have such a scary ecosystem built by incapable fund managers and media houses.

A woman approached a man and said, “Excuse me, sir, I’m doing a little survey. Can I ask you a few questions?” He said, “Sure - ask away.” She asked, “If you are on a bus and a woman gets on and there were no available seats, would offfer her yours?” “No - couldn't possibly.” “What if she’s pregnant?” “Nope.” “What if she’s a senior lady?” “Still no way I'm afraid.” The woman huffed and said, “You are one selfish man with no manners! Who do you exactly do you think you are?” The man replied - “I’m a freakin’ BUS DRIVER!” 🚌🤣

Anytime you go out early morning in any Indian City You see that shops have cleaned up at night and left all the kachra in front of the showrooms for the Municipal Officials to clean up. The amount of dirt is crazy. It reflects a total lack of civic sense. Wind or rain can then spread this dirt all around throughout the night. Swach Bharat for Indians in general is restricted to their homes/shops or offices.

Ashwini Kumar of @UCOBankOfficial accused of approving 150 cr LC facility for Lal Sons Jewellers while he was serving in Oriental Bank of Commerce. Btw how RBi agreed to his appointment as MD is quite intriguing

I stopped at a coconut water cart near my home. I asked the guy running the cart, "How much do you sell in day?" Sales? Around 300–400 coconuts a day. Price per coconut: ₹80. That's roughly ₹20,000–25,000 revenue every single day. But, He laughed and said, "This cart isn't mine. I'm just an employee." Then he dropped the real surprise. The owner has 4 coconut carts. And guess what? The owner doesn't even run them. He's a software engineer at a big company in Gurgaon. Every morning he buys and distributes stock to all 4 carts, goes to his office job, and returns in the evening to collect the cash. Salary from job: ₹1.5 lakh/month. Income from coconut carts: ₹15–20 lakh/year Sometimes the richest side hustle is hiding in plain sight 📈

There’s a Motilal Oswal Financial Services sub-broker office near my society. They’ve hired a few young girls for marketing — pitching mutual funds, PMS, loans, demat accounts and all that. Most of their focus is on those wealthy uncles in their 40s and 50s who are always looking for “better returns.” Today one of them called me. She started with PMS and casually suggested I invest ₹50 lakhs. I said no, so she moved to mutual funds and SIPs. With full confidence, she began showing past returns — 12%, 15%, “top-performing funds,” the usual sales pitch. So I asked her, “Okay, if I do an SIP of ₹1 lakh every month for 20 years, how much will I make?” She immediately opened an SIP calculator and proudly showed me: “Sir, around ₹9.2 crore.” Then I asked her another question: “What returns has the market given in the last two years?” Without really understanding what I meant, she replied, “Sir, market is bullish… India is in a bull run.” I said, “That’s not what I asked.” She checked again and then quietly admitted that returns during that phase were actually negative. So I asked her gently, “If returns are not guaranteed and every mutual fund ad says ‘past performance does not guarantee future returns,’ then why are you confidently showing me ₹9.2 crore like it’s fixed?” At that point, her expression changed completely. You could tell she wasn’t trying to mislead anyone intentionally — she was just repeating what she had been trained to say. Honestly, I didn’t feel angry. I actually felt bad for her. These young sales executives are taught to sell dreams using calculators and past returns, but nobody really teaches them how markets, risk, volatility, or investor psychology actually work. So I just told her: “Before convincing others to invest, start investing yourself first. That’s when finance starts making real sense.” Now whenever she sees me around the society, she quietly looks away. And every time that happens, I honestly hope she learns investing properly someday — because confidence without understanding is dangerous, especially in finance.

I am guessing you already know this but still a majority of them: 1) Are not transparent about the fee. 2) Suggest funds based upon what gives them a higher commission. 3) Cause unnecessary churn. 4) Ask to invest in NFOs without a track record.

GenZ is not lazy or clueless, they are unlucky. They are unlucky to have shit, third rate parents and grandparents, who inherited a growing, thriving world and fucked it up beyond recognition in a few decades. GenZ never had a chance, before those that came before squandered theirs.

On the road to success you will come across potholes, manholes and assholes. #GyanPost 😄😄😄😜😜😜

You were the most attractive woman to him at 36,000 feet up… not the most attractive when the plane landed.

I refuse to compare @narendramodi to any other person - dead or alive

My dislike for the mutual fund distributors grows every day. Nearly every individual I know has been fooled by them. It was driven by either fear or greed. The dishonesty that these folks work with is astounding. And don’t even get me started on bank relationship managers / insurance salesmen. They prey on the vulnerable.

My wife complains about constantly being sexually harassed at work…. I told her she can stop working from home and go back to the office if she doesn’t like it