Raghuram

Tl;dr you must build the whole platform.

this is what happens when a brand actually tries something new instead of making the 437th Nike Air Force clone. Maachis is ridiculously cool. the shoe, the packaging, the storytelling everything feels intentional for a change.

Woke up to find this (now deleted) post attacking us for honestly I dunno why. So I checked my chats and mails - > We have passed quickly- wished him the best and readily admitted we are ofcourse often wrong. > Made intros to other funds and angels who maybe be able to help him. > He’s even pinged me for advice on a termsheet he got and then to get into an event we had organised. > accused us of not having a big vision but he’s himself pivoted AFAIk from the idea he actually pitched us. What hurt you so much bro @cosmicanuj ? There are better ways to do engagement farming. Anyways - to founders reading this - please feel free to reference us with founders we have actually backed. If we haven’t invested in someone they haven’t actually received the full @All_IN_CAPITAL package 🤷🏻‍♂️

I wonder why Loan Against Securities (LAS) is so unpopular. The fact that people with investments still take personal loans at a much higher rate surprises me. Personal loans typically have interest rates of 5-10% higher than LAS.

If Japan spends Rs 100 to improve Football at the grassroots, Rs 100 Goes to the grassroot. Hence they are where they are today. If India spends Rs 100 to improve Football at grassroot level, Rs 50 is taken by babus to build heated swimming pools for themselves, the next Rs 25 is taken by AIFF guys for their own luxuries, The next 20 is swallowed by state associations and whatever remains is neither enough for grass, nor roots. Forget winning, we won't even qualify for the second round of the World cup qualifiers with this system

Most people, when they need cash, think: credit card or personal loan. That's it. Those are the two options on the table. But here's what they don't tell you — credit cards cost you 36–42% a year. Personal loans, 18–24%. Both charge processing fees on top. On a ₹1 lakh loan, that's ₹18,000–₹42,000 in interest alone, in just 12 months. There's a third option. Most people just haven't heard of it. If you have mutual funds, you may already have access to it. Know your options. #PersonalFinance #MutualFunds #SmartBorrowing #FinancialLiteracy #InvestmentTips #MoneyMatters #IndianInvestors #WealthManagement #LoanAgainstMutualFunds #FinanceIndia

Dezerv charges 0% fixed fee. Here's why that's the most expensive wrapper on the market. A 0% fixed management fee sounds like the ultimate honesty. Pay the manager only when you make money. What could be fairer? The math says the opposite. The better the manager performs, the more the wrapper costs you. The exact opposite of alignment. Dezerv runs a Portfolio Management Service holding mutual funds and stocks. 0% fixed + 10% profit share, high watermark, ₹50 lakh minimum. Take ₹1 crore over 20 years. Same capital, same horizon, same underlying mutual funds. Only the fee wrapper differs. Path A — flat-fee RIA at 0.8% advisory + 0.8% direct MF TER + GST. Path B — Dezerv: 0% fixed + 10% profit share + 0.8% TER + 0.1% PMS operating costs + GST. After 20 years: • 10% gross → ₹4.89 cr (RIA) vs ₹4.66 cr (Dezerv). Gap: ₹23 lakhs. • 12% gross → ₹7.05 cr vs ₹6.44 cr. Gap: ₹61 lakhs. • 15% gross → ₹12.06 cr vs ₹10.37 cr. Gap: ₹1.69 crore. • 18% gross → ₹20.34 cr vs ₹16.52 cr. Gap: ₹3.82 crore. Flat-fee wins in every scenario. The gap widens as returns rise — the wrapper takes a bigger cut precisely when compounding matters most. Structurally the opposite of "manager only eats when you eat." But surely Dezerv generates alpha to justify the cost? Active rebalancing and dynamic allocation are pitched as the source. Two problems. 🪙 The rebalancing tax. A PMS holds units in the client's segregated demat. Every switch is a redemption — STCG at 20% under a year, LTCG at 12.5% above ₹1.25 lakh after. A directly-held MF pays zero tax during the holding period. The wrapper trades phantom alpha for real tax leakage compounding against you for 20 years. 📉 The empirical record. 521 equity PMS schemes on PMSBazaar, 249 with five-year tracks. Multi-cap PMS beating MF Direct flexi-cap average: 35.8%. Large-cap: 16.7%. Mid-cap: 0%. Most PMSes lose to a low-cost direct MF portfolio after fees, before tax. After tax it gets worse. A wrapper of mutual funds asking investors to believe in compound alpha — selection skill on top of fund-manager skill — that the data does not show. The honest answer for an HNI: → Four to six well-chosen direct mutual funds → A flat-fee RIA at 0.5–1.0% of AUM → Buy and hold. Rebalance only on regime change, not on the calendar. That setup beats Dezerv by ₹23 lakhs to ₹3.82 crore over 20 years on a ₹1 crore corpus. The Dezerv structure is not malicious. It is just engineered to pay the provider very well in the years the investor most needs upside protected. "0% fixed fee" feels generous where fees are usually opaque. Generosity is not the same as alignment. Pushback welcome. If anyone has run the same math with realistic Indian taxation and reached a different answer, I'd like to see it. Note: Dezerv's PMS Disclosure Document is not public. I have estimated pass-through operating costs (custodian, audit, accounting) at 0.1%. SEBI permits up to 0.5%, so the gap above is a conservative one.

March 25, 1971 is observed as Genocide Day. On the occasion of Genocide Day, 1 pay my deepest respect to all the martyrs. In the history of freedom-loving Bangladesh, 25 March 1971 remains one of the most disgraceful and brutal days. On that dark night, the Pakistani occupation forces carried out one of the most heinous genocides in history against the unarmed people of Bangladesh in the name of 'Operation Searchlight". They indiscriminately opened fire on teachers, intellectuals and innocent civilians at various places, including Dhaka University, Pilkhana and Rajarbāgh Police Lines, killing many people. The genocide of 25 March was a pre-planned massacre. Why this organised killing spree could not be resisted remains a matter of historical research regarding the visible role of the political leadership of that time. However, on the night of 25 March, the 8th East Bengal Regiment in Chattogram formally initiated armed resistance against the genocide by declaring 'We Revolt'. Through this resistance to genocide, the long nine-month armed Liberation War began. To convey the value and significance of independence to the present and future generations, it is essential to know about the genocide of 25 March as well. Let us all strive to honour the sacrifices of the martyrs by establishing in the state and society the spirit of the great Liberation War - equality, human dignity and social justice. Let us work together to build a just, developed, prosperous, self-reliant and democratic Bangladesh. I pray to the Almighty Allah to grant forgiveness and eternal peace to the departed souls of all the martyrs. On the occasion of Genocide Day on 25 March. I wish every success to all the programmes organised to observe the day.