Apurv Parikh

Equity Creates, Debt Preserves | Fund Manager @ Zerodha Fund House

[Zerodha @zerodha]

How to pledge LIQUIDCASE ETF?

The LIQUIDCASE ETF will be available for pledging from March 1, 2024. The pledging process remains the same as pledging stocks, mutual funds and bonds. You can check the process here: https://t.co/wDm5M2n0kk

[Anantha Narayan @ThisIsAnantha]

THE MAN WHO SAW TOMORROW

Tamil Nadu is the toughest puzzle to solve for any national party in India. Ask the Congress party. It was in power for 20 years since independence. And then one fine day the state was lost to Dravidian parties. It’s been 57 years since, and the Congress is nowhere among the frontrunners. The Communists have tasted success in Kerala. But they’ve always been a sidekick in TN; never the lead player. Which brings us to the BJP.

The BJP took almost 50 years to conquer the Hindi belt. The top leadership knows that the South will take a few more decades. And Tamil Nadu being the hardest nut to crack, the Sangh parivaar is willing to wait. And wait. And wait.

The preparation for the harvest was started in the late sixties. Some green shoots were realised in the nineties. But the real confidence to breach Fort St. George was realised in 2019 after BJP became the largest political party in the world.

The original plan was to create a nationalist front by riding a horse called Rajinikant. But the superstar developed cold feet possibly due to ill-health. So, the BJP had no other choice to create its own hero. BL Santhosh, the national general secretary of BJP, played the biggest ace of his career by punting on a man called Kuppuswamy Annamalai.

K. Annamalai is the very antithesis of Tamil politicians. He’s super well educated, for starters. An IIM-L grad and ex-IPS to boot, he’s more prepared than Chat GPT to answer any question dart thrown at him by anyone.

Having been mandated to disrupt state politics, Annamalai decided to do a deep dive of all things Dravidian. The learnings came thick and fast:

A) Tamil Nadu is more about larger-than-life leaders than parties. It’s important for BJP to project one leader than a group of leaders.
B) What keeps Dravidian parties going is the ecosystem of Movies, Media, and Literature. A parallel ecosystem needs to be created to take the Dravidians on.
C) Tamils aren’t too hung up about Dravidianism. All they want is the Tamil culture to take the pride of place.
D) Hindi the language is not resented. But Hindi-domination is.
E) Modi was a hate figure largely due to the Dravidian campaign. This perception can be reversed as it’s merely a perception
F) Tamils love bold leaders. Jayalalitha was always preferred over Karunanidhi for this reason. There’s no space for a Mr. Nice in state politics.
G) While the lead parties might profess atheism, the state is by and large teeming with believers. Maybe a play can be made to tap into the spiritual side of the state.
H) AIADMK minus Jayalalitha can never come to power by themselves. And AIADMK + DMK vote share is only 70%. The other 30% is available for BJP if they make an aggressive pitch.
I) The opposition parties in Tamil Nadu have a cosy arrangement with the ruling party. They have a ‘Zero attacks for 4.5 years’ policy. The average opposition leader will stir out of his home only 6 months before elections
J) Politicians across the board have skeletons in their closet. No one is seen as ‘clean and honest’ by the public.

The thing that sets Annamalai apart from others was the fact that he weaponised his learnings. The first thing he did was to unabashedly project himself. A war room was set up to make him the most talked about BJP politician on social media. This obviously got the goat of many of his colleagues. But he managed the national leadership’s backing and thus was born the Cult of Annamalai.

Having overcome competition from within, Annamalai set his sights on the larger prize. Can BJP become the No.2 party by 2024? And the No.1 party by 2026? For Mission 1 to succeed he had to turn AIADMK into an adversary. Hence his aggression vis-à-vis the party of two leaves. Once he got AIADMK out of the way, he unfolded his Brahmastra – the En Mann En Makkal - a 1770 Km padayatra that traverses every constituency in the state.

No one in Tamil Nadu had attempted anything on this scale. By exercising this walkathon option, Annamalai was striving to make history. Fortunately, he got the backing of the BIG 2 when he repackaged the yatra as a platform to promote the Modi story. Amit Shah came for the inauguration. Modi, for the grand finale which attracted over 5 lakh people.

BJP watchers in all Television channels have acknowledged a significant blip in the vote share after the yatra. From all estimates, right now the party might clock anywhere between 8% and 18%. That’s the magic of Annamalai.

For a party that in the best of times got around 5%, this is the great leap forward. To best the AIADMK in the Lok Sabha polls will be the stuff that dreams are made of. To beat the DMK will be even sweeter.

Annamalai knows Mission 1 is a realisable dream.

Mission 2 should happen by 2026. In his mind, there’s no doubt about that.

And that’s why, everyone loves Annamalai.

[Zerodha Fund House @ZerodhaAMC]

500 Cr AUM, 1L Investors, 3 Months

A heartfelt thanks to all the investors for the trust you have placed in us. Your support towards our goal of making investment products accessible to every Indian fuels our determination!

#EraOfPassive

[Anugrah Shrivastava @anugrah_shrivas]

In just 7 trading sessions LIQUIDCASE (Liquid ETF launched by @ZerodhaAMC) has crossed more than 150cr in AUM! Here are the key benefits of LIQUIDCASE over other liquid ETFs

Before listing the benefits, lets understand the key differences between LIQUIDCASE and other existing Liquid ETFs.

How existing liquid ETFs work
- NAV/Price of these ETFs don’t change. It remains fixed at a value like 1000.
- Given price remains the same, users earn returns in the form of more units or cash.
- Let’s first understand the ETFs that provide returns in the form of units. Let’s say the price of the ETF is 1000 and you have purchased 100 units of this ETF. After some time you will have more than 100 units (something like 100.5) but the price of the ETF will remain the same. Thus, you get the returns in the form of additional units but the price of the ETF remains the same. The additional units that you have earned as dividends get credited to your demat account every month/fortnight.
- There are some liquid ETFs that provide returns in the form of cash and not units. Let's take the same example, where you purchased 100 units and the price of the ETF was 1000. In this case also, the price will remain constant at 1000 and the number of units in your demat account will also remain the same at 100, but you will receive cash dividends in the bank account linked with your demat account.

How LIQUIDCASE works
- NAV changes daily. It started from 100, but is changing daily to reflect the scheme's performance. Over a period of time, NAV should move to 105-110 and so on.
- If we take the same example where you purchased 100 units and let’s say the price on the day of the purchase was 100. In this case, the number of units in your account will remain constant at 100 but the price of the scheme will change to 101-102… as the time progresses. Thus, it works like a usual mutual fund/ETF where units remain constant and price changes to reflect the performance of the fund

Benefits of LIQUIDCASE vs other Liquid ETFs
- Easy P&L tracking: With LIQUIDCASE investors would be able to track P&L by just comparing the entry/exit price. This is not possible with other liquid ETFs where returns are provided in the form of cash or units
- Readable performance chart: Price charts of all other liquid ETFs show a straight line with no movement, as the value remains constant at 1000. But the LIQUIDCASE chart will show the actual growth/performance of the fund. Thus, Investors can easily read and understand the performance chart of LIQUIDCASE vs other ETFs.
- No fractional units: Users end up with fractional units in the case of liquid ETFs where returns are provided by issuing additional units. These units can’t be sold directly on the exchange and are difficult to redeem
- More tax efficient: In LIQUIDCASE you will be taxed only when you sell the units. In case of other Liquid ETFs, you will be taxed every year as you would be constantly receiving dividends throughout the year

Liquid ETFs are great to park idle cash, as they generally offer better returns than the most savings bank account. You can checkout the details of the LIQUIDCASE here (https://t.co/yrYEcQYWWz) and purchase using your existing broker account.

[Nithin Kamath @Nithin0dha]

LIQUIDCASE, India's first ETF with a growth NAV from @ZerodhaAMC just listed today with the same symbol. When we were thinking about the product, we wanted to offer something simple where investors didn't have to bother about dividends, taxes etc.

So, the way LIQUIDCASE works is simple: the returns in the ETF will be added to the NAV just like growth mutual funds, and there are no dividends. This makes it easier for you to track your returns, and there are no hassles with fractional units and figuring out your taxes.

The ETF tracks the Nifty 1D Rate Index, and it's return profile will be similar to that of overnight mutual funds. So, better than most savings bank account interest rates.

[Zerodha Fund House @ZerodhaAMC]

Ring the bell!

Zerodha Nifty 1D Rate Liquid ETF (Symbol/ticker - LIQUIDCASE) just went live on the NSE & BSE exchange. It is India’s first liquid ETF which provides a Growth NAV. You can now invest in this ETF using your preferred stock broking app.

[Zerodha Fund House @ZerodhaAMC]

Introducing our first ETF: Zerodha Nifty 1D Rate Liquid ETF, India's first Liquid ETF with growth NAV

[ET Money @ETMONEY]

Zerodha has started its journey as a fund house.

It offers 2 schemes tracking NIFTY LargeMidcap 250 Index. (See image)

But why this index?

It blends the best of large- and mid-caps.

We decided to check if this index has made money for investors.

Here’s what we found.

A🧵

[Zerodha Fund House @ZerodhaAMC]

The era of passive begins!

We at Zerodha Fund House are on a journey to create simple & transparent mutuals funds for everyone. Taking our first step, we recently launched our first set of funds: 2 index funds that track the Nifty LargeMidcap 250 Index

[Rosy @rose_k01]

BRILLIANT Laser Show at Qutab Minar, Delhi, भारत for G20 Summit 😍😍 #G20SummitDelhi #भारत #G20Summit #G20India #G20Bharat

[Apurv Parikh @Apurv_Parikh]

That's the price we have to pay for the greatest cricketing rivalry @bookmyshow #IndVsPak #ICCWorldCup2023 #IndvsPakTickets and while I was in a while the app didn't allow to book the tickets, that's the WORST of all....

[Zerodha @zerodha]

Exchange traded funds (ETFs) have grown tremendously in the last 5 odd years. There are over 174 ETFs; you can easily build a low-cost, globally diversified portfolio just with ETFs.

But before you buy and sell ETFs, you should know a few things.

🧵A thread

[Nithin Kamath @Nithin0dha]

We just received the final approval for the @ZerodhaAMC we are building in partnership with @smallcaseHQ.

Our motivation to start a mutual fund was twofold. The first was that the biggest challenge and opportunity for Indian markets is the shallow participation. Even after all the growth over the last 3 years, we only have maybe 6-8 crore unique mutual fund and equity investors put together.

The second was that if we had to bring in the next ten million investors, they needed simple products they could understand, and mutual funds were a perfect instrument. We aim to be index-only and create simple funds and ETFs that all investors can understand and invest in for all their goals.

I'm also excited that @vishaljain2510, who's been part of the entire passive investing journey in India from day 1, has joined us as a CEO to build the AMC. So yeah, keep an eye out for our first NFO 😀🤞

[Harsh Goenka @hvgoenka]

Protecting solar panels from the sun 😱. Can anyone explain?

[Nilesh Shah @NileshShah68]

India is building breathtaking infrastructure at a pace which is fascinating. Wish it happens in Mumbai also especially Gokhale Flyover.

[A Divecha @DADivecha1]

@LawTodayLive

[Apurv Parikh @Apurv_Parikh]

For general public that's pretty serious revelations. @bariweiss kuddos for the exposé

[Bari Weiss @bariweiss]

THREAD: THE TWITTER FILES PART TWO.

TWITTER’S SECRET BLACKLISTS.

[Apurv Parikh @Apurv_Parikh]

Kaha se kaha aa gaye humm...

[Aditya Raj Kaul @AdityaRajKaul]

1995 election coverage of Doordarshan. Calm. Respectful. Watchable.

[maithun @Being_Humor]

Gujarat ki baat kyon ka rahe ho.. MCD ki baat karo..

[anand mahindra @anandmahindra]

‘A picture is worth a thousand words.’ India’s success in creating a unique digital payments ecosystem is simply stunning. Leaders always find new & different pathways; the rest of the world follows…