Money as a topic was never taught in Schools, Colleges, & even Universities. No one knows how to manage money, how to invest, how to save, and end up making ample money mistakes that they later regret.
Hi! I am Kushal Lodha, a Rankholder CA (AIR 6, 5, 5), CFA and ACCA and through my podcast, Konversation with Kushal, I help you become better when it comes to managing your finances and making you rich. If you want to become smart when it comes to your finances & make the right career decisions, this podcast will help you achieve that goal!
Our purpose is to make you financially literate, by calling experts who can guide you, and help you take better informed decisions.
We bring top leaders and ideas from the world of finance to teach you to get a slight edge in your life. Subscribe NOW!
You can connect with me on:
LinkedIn: www.linkedin.com/in/kushal-lodha-90334b159/
Instagram: www.instagram.com/kushallodha548/?hl=en
Twitter: twitter.com/kushallodha548
Kushal Lodha
I remember the first time I met Ridham Desai at Morgan Stanley office - he came all the way to drop me till the lift, and messaged me in the evening to apologies again for being little late in the meeting.
That day, I had requested him if I can host him on my podcast sometime in the future.
This was 1.5 years ago. And fast forward to today, I got an opportunity to host him and trust me, this has to be the best podcast shot!!
He says that India's market valuation is currently at an all-time low!
In his 35-year career, he has never seen such investment levels before.
He shares that this is the cheapest the market has ever traded for foreign investors since India opened its doors in 1993.
He believes India is fundamentally positioned to massively outperform China.
On my podcast, we discussed the link between investing and different aspects of science:
-> Mathematician John Kelly created a concept that unknowingly helped legendary investors like Rakesh Jhunjhunwala and Warren Buffett make huge returns.
-> Known as the Kelly Criterion, this mathematical formula proves that sizing your bet accurately is far more critical than just finding a winning stock.
-> Claude Shannon applied his Information Theory directly to the stock market and believes to have grown his wealth at a CAGR 25% for two decades.
-> Ergodicity explains that the market is non-ergodic, meaning a portfolio's short-term probability of returns is completely different from its actual long-term wealth creation.
-> The Frank Knight principle states that maximum profit is created at the point of maximum uncertainty, which is simply the widening gap between a stock's bull case and bear case.
This episode is powered by Groww.
Link: https://youtu.be/FTZaz-HdRwE
#finance #investing #stock #kushallodha
4 days ago (edited) | [YT] | 424
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Kushal Lodha
He started his investing journey with a SIP of just ₹8,000 per month.
He scaled this by multiplying his SIP amount by 50% to 200% every 6 months.
He achieved financial independence by the age of 37.
His mutual fund SIPs generated an XIRR of around 16%.
His equity SIP allocation is 40% Large Cap, 25% Mid Cap, and 25% Small Cap and 10% in Balanced Advantage Fund.
He is none other than Prof. Vinny Arora (Finance Professor and Instagram finance educator).
On my podcast, we discussed his wealth building framework:
-> His total asset allocation is 50% Equity MFs, 8-10% in Debt, 15% Direct Stocks, 12-15% Gold, and 12-15% in Tactical Play Money.
-> He invests in 2 Small Cap funds to ensure no big alpha generating stock is missed.
-> He tracks the Gold to Silver ratio (currently at 70), making tactical decisions when it hits extremes like 40 or 100.
-> He bought BSE stock at ₹139 which reached ₹3,000 giving a ~22x return.
-> He bought Bharti Airtel at ₹450 which reached ₹2,000 in just 4 years.
-> He prioritizes capital protection first before chasing market returns.
This episode is powered by Groww.
Link: https://youtu.be/CNQ9_8ZqNyc
#finance #investing #stockmarket #mutualfunds #kushallodha
6 days ago | [YT] | 274
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Kushal Lodha
She is a doctor who scored 98.94 percentile in CAT to get into IIM Ahmedabad and worked at Bain & Company.
She is none other than Dr. Aradhita Maheshwari.
She is an IPM student who completed 3 years at IIM Indore, interned at IIM Ahmedabad, and scored 99.18 percentile to join IIM Bangalore.
She is none other than Vedika Manek.
She is a BMS fresher from Delhi University who scored 99.57 percentile to convert IIM Calcutta and currently works at Axis Bank.
She is none other than Ishika Mathur.
On my podcast, we comprehensively discussed IIM Ahmedabad vs Bangalore vs Calcutta and how to prepare for CAT:
-> Fees: Total close to ₹30 Lakhs with a 2-year overall fees range of ₹25 to ₹26 Lakhs + ₹20,000 monthly extra.
-> Placement: Average ₹34 Lakhs per annum across Day 0, 1, 2, and 3 (40 to 50% of the batch placed immediately on Day 0).
-> Student Exchange: All of them 100% recommended going for a foreign semester abroad (Costs ₹6.5 to ₹7 Lakhs, helping you travel to 13+ countries).
-> CAT Prep: Around 5 to 6 months but can extend to ~9 months for other backgrounds; some even cracked with just 1 to 2 days of prep.
This episode is powered by Groww.
Link: https://youtu.be/gSd0b72jg6Y
#mba #iim #catpreparation #finance #kushallodha
1 week ago (edited) | [YT] | 353
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Kushal Lodha
A construction worker or JCB operator now earns more than an employed graduate!
On my podcast, I got to know some hard-hitting realities:
-> A Mumbai construction worker makes ₹4 to ₹5 Lakhs annually.
-> An entry-level engineering graduate makes just ₹2 to ₹3 Lakhs.
-> 30% of all graduates are currently unemployed, while unemployment for uneducated people is just 3%.
-> The middle class (earning ₹5 Lakhs to ₹1 Crore) pays 70% of India's income tax.
-> Nifty 50 average salaries grew from ₹10 Lakhs to just ₹11 Lakhs in 10 years (1% CAGR).
-> Even a CA made ₹10 LPA in 2015, and the 2026 average is still just ₹11 LPA.
-> With expenses rising 9-10% yearly, professionals are actually 25-35% poorer over a decade.
Saurabh Mukherjea (Founder of Marcellus Investment Managers, and a bestselling author) shared these insights while discussing his new book on the middle class on my podcast.
This episode is powered by Groww.
Link: https://youtu.be/DZ-S8ErtUEY
#finance #investing #stockmarket #mutualfunds #kushallodha
1 week ago | [YT] | 297
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Kushal Lodha
He started his career during the 1992 Harshad Mehta crash with a monthly salary of just ₹5,300.
He invested his entire savings of ~₹8,000 into just one single stock.
That company soon lost all its value, bringing his 4 months of hard earned savings down to zero!
Today, he's a veteran investor and a financial educator who has taught over 10 lakh people across 261 cities in India.
He's none other than Mr. Krishan Sharma, co-founder at OSAT Knowledge.
On my podcast, he decoded his biggest mistakes across decades of market crashes and what they taught him:
-> In 1994, he made the fatal mistake of putting all his savings into a hyped IPO right before the market completely crashed.
-> During the 1998 crash, he smartly bought fundamentally strong businesses like L&T, Grasim, and Reliance at dirt cheap valuations.
-> These investments doubled in just one single year!
-> But during the dot com bubble, he sold these gems to chase hyped tech stocks and lost money again.
-> After 10 years of making mistakes, he learned that the ultimate secret to wealth is strict asset allocation, using bonds to buy equities when the market gives you a chance.
This episode is powered by Groww.
Link: https://youtu.be/E5tINrq4Gms
#finance #investing #stockmarket #mutualfunds #kushallodha
1 week ago | [YT] | 347
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Kushal Lodha
Do you blindly apply for IPOs just by looking at GMPs?
If yes, you might be falling into a heavily manipulated trap!
The entire Grey Market Premium industry is completely unregulated today.
On my latest podcast, Jayant Mundhra (IPO analyst, content creator, and author of an upcoming book on IPO investing) revealed the truth!
The majority of this entire game is secretly controlled by big cash brokers sitting in Rajkot.
Imagine a promoter sees their company listing at ₹120 instead of ₹100.
This tiny price jump could easily make them an extra ₹2,000 Crores in personal wealth!
To create this fake hype, promoters simply allocate ₹10 Crore or more to these Rajkot brokers.
These brokers artificially trade private shares among themselves to pump up the prices!
They forcefully buy a ₹100 IPO share at ₹122 just to show a fake premium in the market.
Jayant clearly clarified that while these exact numbers might be slightly incorrect, this is exactly how the system works.
They then pay dedicated IPO marketing agencies to plant this fake hype everywhere.
Innocent retail investors see this massive demand and blindly apply for the IPO.
Within a year of listing, many of these exact companies crash by over 50%!
What is your exact framework before investing in a new IPO?
This episode is powered by Groww.
Link: https://youtu.be/atUjqtXFy7Y
#finance #investing #stockmarket #mutualfunds #kushallodha
2 weeks ago | [YT] | 287
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Kushal Lodha
He started his US-based fund with $1 Million in October 2022.
He has now scaled it to a massive $35 Million in AUM!
His total return (in INR) after fees has been ~92% over 3.5 years, with a staggering CAGR of ~21%.
He received a letter from Warren Buffett, personally praising his book!
The book has sold over 100,000 copies across 9 different countries.
He is none other than Mr. Gautam Baid, CFA (Fund manager at Stellar Wealth Partners India Fund as well as international bestselling author of The Joys of Compounding).
On my podcast, we decoded the 3 distinct phases of market cycles, revealing exactly what signals the extreme Stage 3 of both Bull and Bear markets:
-> A Bull Market Stage 3 is marked by record QIPs, dubious SME IPOs getting massive oversubscriptions, and stock prices ignoring good corporate earnings.
-> A Bear Market Stage 3 brings severe price destruction where smaller stocks crash by ~66% median, followed by a massive necessary monthly fall in the Nifty large cap stocks.
-> This extreme Bear Market bottom also triggers VIX crossing 25, record FII outflows, a crashing Rupee, and historic low multibagger searches accompanied by heavy Anti-India sentiment.
We also covered some of his best stock picks in great detail (Rajratan Global Wire - 20x return; HEG - 270% return; Aarti Pharma Labs - 200% returns).
This episode is powered by Groww. Check out the full episode on my YouTube channel.
Link: https://youtu.be/g4pXT3bkJkE
#finance #investing #stockmarket #mutualfunds #kushallodha
2 weeks ago | [YT] | 253
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Kushal Lodha
He manages ~₹8,000 Crores in AUM today.
He built this incredible scale from scratch in just 2 short years!
He started investing in 2014 and began sharing his deep dive analysis on Twitter soon.
He went viral with a massive 50 tweet thread breaking down Meta's 9.9% stake in Jio!
He gained insane traction when Silicon Valley legends Paul Graham and Marc Andreessen retweeted him!
He is none other than Mr. Ramneek Kundra, Chief Investment Officer at DSP Pension Fund.
On my podcast, he broke down his most legendary contrarian stock bets:
-> Google: He bought it in 2019 at just a 14 to 15x earnings multiple (around $58 to $60) while average Indian rice manufacturers were trading at 25x, riding the massive rally past $150!
-> ITC: He confidently bought it in 2019 after 6 years of zero returns, realizing that cigarette regulation and marketing restrictions actually created an unbreakable moat for existing players.
-> Amazon & Netflix: He boldly predicted they have a much higher terminal value than other FAANGs because they brilliantly control both demand and supply aggregation.
-> Persistent Systems: He scooped up this debt free IT stock at just ₹511 during the 2020 COVID bloodbath, and it eventually skyrocketed by ~25X in 4 years!
This episode is powered by Groww. Watch the full episode on my YouTube channel.
Link: https://youtu.be/OCVMqbZp4mI
#finance #investing #mutualfunds #kushallodha
3 weeks ago | [YT] | 396
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Kushal Lodha
This CA manages over ₹15,400 Crores in AUM today.
But before his investing success, he lost ~90% of his father's money during the Harshad Mehta era.
When he first moved to Bombay, he cried after failing an Arthur Andersen interview because he didn't know English.
He taught himself by reading the Economic Times every morning and translating words with a dictionary.
He went on to build Edelweiss's business from just ₹1 Crore to ₹250 Crores in less than 6 years!
He’s none other than CA Vikas Khemani, Founder of Carnelian Asset Management & Advisors Pvt Ltd.
His fund grew almost 7x, from just ₹2,000 Crores in 2023 to over ₹15,400 Crores in 2026.
On my podcast, he shared his legendary stock bets:
-> Apar Industries: He held it for 6 years with zero return, but in the 7th year, it became a 10x multibagger!
-> ICICI Bank: He bought the most hated banking stock at ₹280-290 (just 1x book value), riding its turnaround from the cheapest banking stock to the most expensive one now.
-> Aditya Birla Capital: He bought it at ₹100 when a new leader joined, delivering a 3x return in just 3 years.
-> Anup Engineering: He bet on a new CEO transforming this debt-free company with 20% margins, making an 8x to 10x return.
This episode is powered by Groww. Watch the full episode on my YouTube channel.
Link: https://youtu.be/O9WYpAZ7nyU
#finance #investing #mutualfunds #kushallodha
3 weeks ago | [YT] | 417
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Kushal Lodha
His firm manages over ₹1.5 Lakh Crores in AUM today.
Their flagship Flexi Cap fund accounts for over ₹1.3 Lakh Crores of that total.
This flagship fund is currently sitting on 20% cash, waiting for the right market valuations.
He started his journey as an intern in 2008, working directly with the legendary investor Late Parag Parikh.
He’s none other than Mr. Raunak Onkar, Head of Research and Fund Manager at Parag Parikh Mutual Fund.
I was completely blown away by his insights during our conversation on Konversation with Kushal!
He broke down some amazing insights to grow wealth at this scale:
-> He built the fund on the thesis of global diversification, by holding a focused global portfolio in giants like Amazon, Microsoft, Meta, and Google.
-> He dived deep into Amazon as a Case study, sharing that ~1/3rd of Amazon Retail’s revenue now comes from their marketplace sellers while new avenues like cloud computing help generate cash flow.
-> He shared that Amazon is so laser-focused on cash flows that they uniquely publish their Cash Flow Statement FIRST in their annual reports, before the income statement.
-> He also shared the fund deployed ~12% of the total AUM in just a few weeks during the 2020 crash when valuations turned attractive.
But what gave me goosebumps was discussing his personal journey.
In 2015, he was in the same car crash in Omaha that tragically took the life of his mentor, Late Parag Parikh.
He survived, and along with the team, strived to carry forward the firm's core values.
It was deeply emotional to hear the story but it spoke volumes about the value systems he built for the organization.
This episode is powered by Groww. Watch the full episode on my YouTube channel.
Link: https://youtu.be/mR-Rhpt58Kg
#finance #investing #mutualfunds #kushallodha
3 weeks ago | [YT] | 246
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