Konversation with Kushal

In this episode of Konversation With Kushal, Kushal Lodha sits down with Vetri Subramanian, CEO and MD of UTI Asset Management Company, to reveal what actually decides long term investing success. When you are responsible for managing over ₹22 lakh crore of assets at the UTI Group level, market noise fades and only what survives cycles matters. This conversation takes you inside how professional fund managers think about cash flows, return on capital, valuation discipline, unit economics, and risks that most investors realise only after it is too late.If you are a young investor trying to start right or a seasoned one trying to avoid silent mistakes, this episode will challenge how you think about markets. You will learn why SIPs and diversified equity funds matter earlier than most people believe, how to judge a fund manager beyond past returns, and why predicting markets often destroys wealth while managing odds builds it quietly. This is not about tips or shortcuts. It is about frameworks that hold through cycles. Watch till the end because the most important insight comes when certainty feels highest.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #mutualfunds #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

Silver didn’t just rally, it spooked the market… and then snapped back. Just when everyone started believing the “new silver supercycle” story, prices turned volatile, positions got shaken out, and confidence cracked. Was this a healthy reset… or a warning shot before something much bigger?In this episode of Konversation With Kushal, Jayant Mundhra joins Kushal Lodha to decode what really happened behind the recent silver rally and crash. From leveraged trades and narrative-driven buying to global macro signals most investors ignore, this conversation cuts through the noise and exposes the hidden risks no one talks about when prices are flying.If you’re wondering whether silver is setting up for another explosive move, or if this volatility is a sign of deeper trouble, this episode will challenge your assumptions. No tips. No hype. Just uncomfortable questions every serious investor must ask before the next big move.Watch till the end, because markets don’t crash on bad news, they crash when certainty feels highest.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #silvercrash #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy #goldcrash #silver #gold

In this episode of Konversation With Kushal, host Kushal Lodha speaks with CA Nitin Mangal, founder of the forensic research firm Trudence, who has analysed over 1,300 companies across India and globally. The conversation dives deep into how financial red flags appear in balance sheets, cash flows, and disclosures, often long before a fraud becomes visible. From cash yield and receivables to inventory manipulation and accounting policy choices, the episode explains why forensic analysis is more about judgment and pattern recognition than formulas.Through real-world case studies across FMCG, SaaS, financial services, travel platforms, and the auto sector, the discussion breaks down how narratives can mislead investors and why capital protection should always come first. This is not about stock tips. It is about learning how to think clearly, stay unbiased, and avoid permanent capital loss while investing in Indian businesses.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #forensics #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this in-depth episode of Konversation With Kushal, host Kushal Lodha speaks with Mr. Vikas Sachdeva, a market professional with 30+ years of experience across mutual funds, ETFs, asset allocation, and institutional investing.From scaling AUM from ₹4,000 crore to ₹7,800 crore, to living through market bubbles, crashes, and long phases of stagnation, Vikas shares a rare, ground-level perspective on how capital markets actually work. The conversation also dives deep into Gold and Silver. Why they matter in a portfolio, why they should be treated as hedges rather than return-generating assets, how much allocation is sensible, and why overexposure to metals can quietly hurt long-term wealth.This episode goes beyond stock tips and short-term predictions, focusing instead on how money is truly made, protected, and compounded over decades through discipline, asset allocation, and the right mindset across equity, ETFs, gold, and silver.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy #gold #silver

In this episode of Konversation with Kushal, Professor Ramesh Raskar provides an exclusive look inside the MIT Media Lab, an institution he describes as a startup within MIT dedicated to exploring crazy ideas at the forefront of technology. The lab has been responsible for world-changing innovations, including the concept of social media, the e-ink used in Kindle readers, and Lego Mindstorms. Raskar discusses his own pioneering work in femtophotography, which includes a camera that can see around corners and the development of conformable medical devices that can wrap around the human body for more effective imaging.The discussion also delves into the future of Artificial Intelligence and Raskar’s ambitious Project Nanda, which envisions a world where every citizen possesses a personal AI agent to navigate complex tasks like healthcare and travel. This vision is being tested through real-world applications at the Kumbh Mela, where Raskar’s team transitioned from using cell tower data for crowd control in 2015 to planning an AI-first experience for 2027. Beyond technical insights, Raskar shares profound leadership lessons from his interactions with legends like Ratan Tata and Larry Page, emphasizing that true success is building something that can survive and thrive without its creator.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #RameshRaskar #Innovation #Technology #MIT #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this episode of Konversation with Kushal, host Kushal Lodha sits down with veteran investor Debashish Neogi for one of the most honest, ground-level conversations on investing, business, and life you’ll hear this year.This is not a “top stock picks” episode.This is a mental-model episode.Debashish Neogi has been investing for over 25+ years, across bull markets, crashes, bubbles, and crises. Early in his career, he over-leveraged, lost over 90% of his portfolio, and came dangerously close to bankruptcy just as family responsibilities peaked. That scar shaped everything that followed.What unfolds next is a masterclass in how real long-term investors think when no one is watching.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

What really moves gold, silver, and commodities and why do most investors understand them only after the rally is over? In this episode of Konversation with Kushal, Kushal Lodha speaks with Vikram Dhawan, a 25+ year commodities veteran, to decode the hidden drivers behind precious metals, oil, and copper. From central bank buying and global debt to green energy, geopolitics, and India’s commodity deficit this conversation isn’t about tips, it’s about building the right mental models for long-term investing.You’ll learn why gold performs best when nobody is talking about it, how silver is quietly becoming a strategic green-tech metal, why ETFs matter more than physical narratives, and how to think about asset allocation without falling for hype. If markets really move before headlines catch up, then the question is when the next big shift comes, will you spot it early… or only after it’s obvious to everyone?💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#kushallodha #investingwisdom #stockmarketindia #wealthcreation #longterminvesting #financepodcast #investmentstrategy #gold #silver

In this episode, we hosted Sid Swaminathan, the MD & CEO of Jio BlackRock Asset Management. Before taking the helm at this massive joint venture between Jio Financial Services and BlackRock, Sid spent over 20 years at BlackRock in London.We discuss his sudden move to India, the rigorous interview process for the CEO role, and the "Aladdin" technology that powers the world's largest asset manager. Sid also opens up about his personal experience navigating the 2008 Financial Crisis and the Brexit vote, his best and worst investment decisions, and how Jio BlackRock plans to disrupt the Indian mutual fund industry.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#kushallodha #investingwisdom #stockmarketindia #wealthcreation #longterminvesting #financepodcast #investmentstrategy

In this episode of Konversation with Kushal, I sat down with veteran investor Aniket Gore, who brings over 19 years of experience in the stock market. Aniket dives deep into his robust stock-picking framework, explaining to me how he analyzes unit economics and identifies "moats" in businesses using real-world examples like PVR Inox and Indigo Airlines. He breaks down complex concepts such as PVR’s advertising revenue flow-through and Indigo’s sale-and-leaseback model, offering a masterclass on how to look beyond standard operating metrics to understand what truly drives a company's balance sheet. We also explore emerging opportunities in high-growth sectors like Defense and Shipbuilding, providing a strategic outlook on India’s manufacturing capabilities and geopolitical positioning.Beyond financial metrics, our discussion pivots to the psychology of investing and the personal habits that sustain long-term success. Aniket shares his daily routines with me, including the importance of meditation to calm the "monkey mind" amidst market noise, and offers profound advice on maintaining physical health and strong relationships. He reflects on his best and worst investments—measuring success not just by monetary alpha but by the emotional rewards of backing ethical, passionate promoters. This episode is a comprehensive guide for anyone looking to understand the nuanced art of investing, combining sharp financial analysis with the wisdom of a disciplined, life-long learner.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#kushallodha #investingwisdom #stockmarketindia #wealthcreation #longterminvesting #financepodcast #investmentstrategy

In this episode, fund manager Abhishek Jaiswal reveals his proven framework for identifying high-growth SME stocks before they become mainstream multibaggers. He shares his incredible personal story of buying Adani Green at just ₹30—the exact cost of his daily rickshaw ride—and watching it soar to ₹900. The conversation breaks down why the SME sector is currently generating 50% CAGR while the Nifty stagnates, and how institutional investors filter through hundreds of companies to find hidden gems capable of delivering 3x-4x returns.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this episode, we host veteran financial journalist Niraj Shah, who brings over 18 years of front-row experience tracking Indian markets and interviewing investing legends like Rakesh Jhunjhunwala. Niraj shares exclusive, behind-the-scenes stories of his intimidating first interaction with the "Big Bull," revealing Jhunjhunwala’s unique ability to balance trading with long-term investing and his philosophy of "backing up the truck" when conviction is high. He also takes us through his pilgrimage to Omaha for the Berkshire Hathaway AGM, breaking down the timeless wisdom of Warren Buffett and explaining how the concept of the "Ovarian Lottery" applies perfectly to the current Indian economic landscape.Beyond the legends, Niraj provides a deep dive into the future of the Indian stock market, analyzing short-term consolidations versus the long-term growth story driven by domestic flows and manufacturing prowess. He offers candid advice for aspiring journalists regarding salary expectations and the industry's shift toward individual content creation. Finally, the conversation shifts to personal finance, where Niraj discloses his own asset allocation, his surprising best investment in Gold, his regret regarding health, and a practical "lifestyle sacrifice" hack for young investors to build substantial wealth through mutual funds.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!

n this no-holds-barred conversation, I sit down with finance veterans Gajendra Kothari, Neeraj Arora, and Kirttan Shah to reveal what their actual bank accounts look like. We break down their massive portfolios—ranging from ₹34 Crores to over ₹60 Crores—and discuss exactly where they park their money for maximum growth. This isn't just theory; it's a raw look at their personal asset allocation, why they strictly avoid direct stock picking, and the specific mutual funds that helped them build generational wealth.We also get brutally honest about the dark side of the market, exposing why F&O is a trap for 99% of retail investors and sharing their own stories of losing lakhs in trading. Beyond the numbers, we explore the psychology of true wealth: from using a broken iPhone despite being a multi-millionaire to the freedom of buying a Toyota Fortuner in just 5 hours. Whether you are a beginner or a seasoned investor, this episode offers a rare, transparent blueprint on how to build, keep, and enjoy your money.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!

➡ Join This Group To Be Invited To Future Offline KwK Events in Mumbai: https://chat.whatsapp.com/F3MbHDPwTwC...💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!

I sat down with seasoned trader Vishal Mehta to uncover the reality behind finding multibagger stocks and building a systematic trading career. In this episode, Vishal opens up about his rollercoaster journey, including the legendary "Jai Corp" trade where he turned a mere ₹25,000 into ₹12.5 Lakhs (a staggering 126x return), as well as the dark side of trading where he faced a ₹34 Lakh loss due to a lack of experience.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!

In this episode, veteran investor Rajashekar Iyer shares profound insights from his four decades of experience in the Indian stock market. He breaks down his investment framework, which blends the philosophies of Benjamin Graham and Phil Fisher, explaining how he identifies undervalued companies by deeply analyzing balance sheets and understanding cash flow dynamics. Iyer also discusses the critical importance of money management, sharing how to protect capital while letting winning stocks run to maximize returns.The conversation covers real-world case studies, including his multi-bagger success stories with companies like Relaxo and Polyplex, as well as the lessons learned from missing out on the early growth of Infosys. Iyer offers his perspective on the current market cycles, where to find opportunities in the small-cap versus large-cap space, and his rationale for finding value in new-age tech stocks like Zomato. The discussion concludes with timeless advice on professional growth and the importance of prioritizing personal happiness.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!

Today we hosted finance veteran Sudip Bandyopadhyay, who shared his incredible journey from managing a $1.5 billion treasury at ITC to building Reliance Money from scratch. He opened up about the high-stakes world of corporate finance, sharing fascinating anecdotes about working with Anil Ambani and the bold decisions that shaped his career. Sudip also revealed the mindset shift required to leave a massive corporate salary for entrepreneurship, detailing how a single high-conviction startup investment turned ₹4 crore into ₹40 crore.Later in the episode, Sudip broke down his personal investment strategy, explaining how he compounds wealth at 25-30% CAGR by focusing on high-conviction bets rather than over-diversifying. He discussed his massive wins in stocks like Elantas Beck and Mazagon Dock and shared why he is currently super bullish on the Power and Infrastructure sectors, specifically naming companies like L&T and NTPC. Whether you are looking for next-decade multibaggers or want to understand smart asset allocation, Sudip’s insights offer a masterclass in patient, value-driven investing.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!

From sleeping on an office sofa to owning a Rolls-Royce in Dubai, Dixit Jain’s journey is nothing short of cinematic. In this episode, he opens up about his humble beginnings in a small village in Rajasthan, the challenges of moving to a new country, and the pivotal moments that transformed him into one of Dubai's most successful Chartered Accountants. We dive deep into his mindset, the "zero tax" reality of Dubai, and how he built a practice serving over 3,000 global clients.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#kushallodha #investingwisdom #stockmarketindia #wealthcreation #longterminvesting #financepodcast #investmentstrategy

In this episode, I sit down with seasoned investor and ex-consultant Akshat Shrivastava, who breaks down how he manages a $1 million public portfolio with impressive returns. Akshat challenges the conventional wisdom of sticking solely to Indian mutual funds, explaining why he prioritizes US Tech stocks (NASDAQ) and companies with strong "research moats" like Meta and Nvidia over overvalued Indian small-caps. He provides a detailed framework on valuation, comparing the P/E ratios of Indian startups to global giants, and explains why hedging is crucial for portfolio protection.Beyond equities, the conversation dives deep into asset allocation strategies for 2026, including his bullish thesis on Bitcoin as a mathematical hedge and his real estate investments in Dubai and Goa. Akshat opens up about the reality of leaving a corporate job, the cost of living in the UAE compared to India, and why true financial freedom is about having control over your time. Watch this to understand how to restructure your portfolio and avoid the financial traps that keep the majority from building wealth.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!

We hosted Tamal Bandyopadhyay, a legendary financial journalist and author, for a revealing deep dive into the untold stories of the Indian banking sector. Tamal opened up about his intense legal battle with Sahara, sharing details of the ₹200 crore defamation suit filed against him and the upcoming Sony LIV series based on his book. He also provided a candid assessment of the industry's evolution, discussing the "cleaning up" of bad loans under Raghuram Rajan, the collapse of Yes Bank due to poor governance, and the stark cultural differences between public and private sector banks, including the high-pressure environment that plagues PSU officers.Beyond the serious analysis, the episode is packed with fascinating and often humorous anecdotes about India’s most powerful bankers. Tamal shared rare behind-the-scenes stories, such as HDFC’s Aditya Puri using a "dog walking" session to resolve team conflicts, former RBI Governor D. Subbarao doing the "lungi dance" at his farewell, and the strict ethical standards of Y.V. Reddy. From quirky superstitions involving "white shoes" to the entrepreneurial spirit that built HDFC Bank, this conversation offers a unique, insider look at the personalities shaping India's financial landscape.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!

➡ Recommend A Guest For Our Podcast Here - https://forms.gle/eotmhzWMx6KpJQH86➡ Join This Group To Be Invited To Future Offline KwK Events in Mumbai: https://chat.whatsapp.com/F3MbHDPwTwC...In this episode, I hosted Tanmay Khandelwal, a 26-year-old fund manager who achieved a massive feat by winning the US Investing Championship two years in a row. He shares how he generated returns of 131% in 2023 and 126% in 2024 by focusing on real-money trading, not just paper portfolios. We dive into his specific wins with stocks like Zomato and RateGain, and he explains his strict rule of never "averaging down" on a losing position.Tanmay also breaks down his proprietary BEST Framework—Big Potential, Earnings, Strength, and Trustworthy Management. He provides a masterclass on Post-IPO investing, explaining why the best gains often come after a company lists and starts deploying its new capital. Whether you are interested in sector tailwinds or technical indicators like the 200-day moving average, this conversation offers a practical blueprint for high-performance investing.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!