Abhishek Chokhani

[Save Invest Repeat 📈 @InvestRepeat]

India gave unrestricted access to US Big Tech in social media sector. China didn't.

> India has 0 social media companies. China has many.

Now India is giving unrestricted access to US AI models. China is not.

> India struggling to create frontier models. China has many.

Seems like India repeating the same mistake. Chinese AI labs know their LLMs will have a massive domestic user base. While Indian AI companies have no such guarantee domestically to invest more in this space @AshwiniVaishnaw, @AshokKLahiri.

[Abhishek Chokhani @AbhiChoks]

@Flipkart @flipkartsupport

Ordered 1 MacBook Neo. Order was accepted, shipped via Ekart, transported and then cancelled citing “Quantity limit restrictions.” If there was a restriction, why was it accepted and shipped?

#Flipkart #ConsumerRights

[sandip sabharwal @sandipsabharwal]

There is a whole Industry on Social Media who keep on cribbing on Ethanol Blending
1. Nearly 70% of the Ethanol today comes from maize, broken rice and grains
2. 48% of the total Non Sugar Ethanol comes from maize which is much less water intensive per tonne of production than most grains. It adds significantly to farmer incomes
3. Out of the sugarcane based Ethanol only 50% comes from direct juice. Remaining is from Mollasses, a byproduct of sugar production.

I just hope all these experts criticizing Ethanol don't drink liquor, because 100% of beverage alcohol is ethanol.

[Abhishek Chokhani @AbhiChoks]

@SumanMund6 🔥

[Abhishek Chokhani @AbhiChoks]

@AdityaD_Shah Expense ratio will be *LOWER than active funds but higher than index funds

[Abhishek Chokhani @AbhiChoks]

@ActusDei Personal finance

[Nithin Kamath @Nithin0dha]

If you take money out of a business as dividends, the effective tax rate is 52% (25% corporate tax + 35.5% on personal income). Through capital gains, it's just 14.95% (with cess).

Why does this matter? Here’s what you should know if you invest in IPOs.

If you're an investor (especially a VC), the math is simple: reduce corporate tax by showing minimal profits or losses. Spend (Burn) on acquiring users, build a growth narrative, and then sell shares at a higher valuation while paying much lower tax.

This spending also makes it harder for competitors to survive. To be clear, we're not discussing R&D spending here, which, incidentally, is very low in India (0.7% of GDP).

What's often overlooked is that VCs are essentially playing a tax arbitrage game. Look at most VC-backed businesses listed in the last few years, the reason they show little or no profit is partly due to this. Once you run a business this way, it's extremely difficult to switch.

Every startup that's 7-8 years old from the time of raising the first round faces constant pressure from VCs for an exit. With almost no M&A opportunities in India, IPO is often the only way out.

The government probably designed this tax arbitrage to incentivize companies to spend money and not just accumulate and distribute. But I'm unsure if the balance is correct. I think it's also creating businesses that aren't very resilient. One prolonged market downturn, and many of these unprofitable companies would struggle to survive.

Two things that make this more interesting:

Unprofitable growth gets valued at much higher multiples than steady profits. A company doing ₹100 cr revenue with 100% growth might get 10-15x, while a profitable one with 20% growth gets 3-5x. So VCs aren't just saving on tax; they're in essence creating a 3x higher exit valuation.

If you're competing against someone burning cash, you almost have to match it to defend market share, even if you don't want to, because of the quirks I mentioned above.

[Wokeflix @wokeflix]

₹50,000 per person just to get an appointment for a US Visa. @SergioGor is this some kind of a Trump Tax?

[The Kaipullai @thekaipullai]

A country prospers if most of its rich are rich because they run industries, manufacturing companies or they innovate

A country is doomed if its rich are Bereaucrats & politicians who become rich by rent seeking or abusing their positions

[Abhishek Chokhani @AbhiChoks]

@Arund001 @sanjoychakra @grok fact-check pls

[Abhishek Chokhani @AbhiChoks]

@porinju PE 31 says google

[Muthukrishnan Dhandapani @dmuthuk]

"If you're going to buy something which compounds for 30 years at 15% per annum and you pay one 35% tax at the very end, the way that works out is that after taxes, you keep 13.3% per annum. In contrast, if you bought the same investment, but had to pay taxes every year of 35% out of the 15% that you earned, then your return would be 15% minus 35% of 15%-or only 9.75% per year compounded. So the difference there is over 3.5%. And what 3.5% does to the numbers over long holding periods like 30 years is truly eye-opening." - Charlie Munger

[Abhishek Chokhani @AbhiChoks]

This policy will result in a full year of lost educational progress for my child. I humbly implore you to revisit this decision and grant the current batch the opportunity to advance to Class 1 without hindrance. 2/2
#HimantaBiswaSarma @schoolednassam @ranojpeguassam #class1

[Abhishek Chokhani @AbhiChoks]

To the Esteemed Education Minister and officials of Assam Government.
Due to Order no E-237596/9, dt 1/3/24, which permits the promotion of only half of the KG class to class 1 while the other half is held back, I would request a reconsideration of this directive. 1/2

[Abhishek Chokhani @AbhiChoks]

@RamaniSumit @ActusDei Expense ratio is charged annually on Asset Under Management. In the sheet the same is calculated on additional investment only. Would be interesting to see results on updating the same if NPS bests MF.

[Radharamn Das राधारमण दास @RadharamnDas]

Name: Chirku
Son of : Mohammed Moharam Ali.
Now they are making Aadhar card with Hindu sounding names. The gentlemen was intelligent enough to investigate him properly. Beware of people coming to beg in guise of Sadhu's. Get connected with local temple in your area & donate their only

[Nithin Kamath @Nithin0dha]

Someone I know got scammed & lost money.

It started with a response to a part-time job offer on WhatsApp. The first few tasks were about leaving fake reviews for resorts & restaurants in random places like Peru. ~Rs 30k was transferred to the bank for the tasks completed. 1/8

[Arun Yadav @BeingArun28]

क्या कभी आप हरिद्वार गए हैं ❓❓

यहाँ के पण्डे आपके आते ही आपके पास पहुँच कर आपसे सवाल करेंगे.....
आप किस जगह से आये है??
मूल निवास, जाति गौत्र आदि पूछेंगे और धीरे-धीरे पूछते-पूछते आपके दादा, परदादा ही नहीं बल्कि परदादा के परदादा से भी आगे की पीढ़ियों के नाम बता देंगे जिन्हें आपने कभी सुना भी नही होगा और ये सब उनकी सैंकड़ो सालों से चली आ रही किताबो में सुरक्षित है । विश्वास कीजिये ये अदभुत विज्ञान और कला का संगम है आप रोमांचित हो जाते है जब वो आपके पूर्वजों तक का बहीखाता सामने रख देते हैं आपके पूर्वज कभी वहाँ आए थे और उन्होंने क्या क्या दान आदि किया...

लेकिन आजकल के बच्चे इन सब बातों को फ़िज़ूल समझते हैं उन्हें लगता है कि ये पण्डे सिर्फ लू टने बैठे हैं जबकि ऐसा नही है ।

ये तीर्थो के पण्डे हमारी सभ्यता,संस्कृति के अटूट अंग है इनका अस्तित्व हमारे पर ही है अपनी संस्कृति बचाइए और इन्हें सम्मान दीजिये । वैसे हिन्दुओ के नागरिकता रजिस्टर हैं ये लोग, पीढ़ियों के डेटा इन्होंने मेहनत से बनाया और संजोया है इन्हें सम्मान दीजिये ।

जय श्री राम - राधे राधे हरि गोविंदा 🙏🚩

[Abhishek Chokhani @AbhiChoks]

@RajitSehgal @AdityaD_Shah Camsonline does allow HUF to invest.

[No Conversion @noconversion]

Very important message about "termites"....who are these termites ??