Raghuram

Now @ @Google @grabtaxisg @FreeCharge @redBus_in
Learner, fungible, neither maximalist nor minimalist, total realist

[Raghuram @Ghurram]

@SimanyaJi @OnlyNakedTruth Exactly. This is Gongura pacchadi. Also both mustard (aava) and sesame(nuvvulu) are used for pickling. In few areas, groundnut oil too.

[Raghuram @Ghurram]

@DrDeepakKrishn1 Banganapalle harvest typically is towards end of May. Takes longer for them to ripen.

Somehow BLR markets are flush with this variant for a month now.

[Raghuram @Ghurram]

The math is mathing on this one.

@quicklendhq it

[Quicklend @quicklendhq]

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

[Quicklend @quicklendhq]

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

[Raghuram @Ghurram]

@DavidKelto62571 @AlexH_Johnson the other way? I'm guessing you don't plan to use USDC to purchase something. Unless you do.

Also, this is a temporary thing. I don't believe any exchange fundamentally can support this indeterminately.

[Raghuram @Ghurram]

@AntiClanker1337 @DavidKelto62571 @AlexH_Johnson Obviously is does and conveniently ignored within the visa argument.

[Raghuram @Ghurram]

@DavidKelto62571 @AlexH_Johnson Strange. Who don't exchanges then to a 1:1 between USDT and USD

[Raghuram @Ghurram]

Leaving aside the costs, I've always struggled to understand the advantage of a PMS of mutual funds. Since an MF is anyways structured by AMCs in a certain format for risk/reward ratio, why would anyone want this? It can't surely beat a simple DIY approach. What am I missing?

[Himanshu Sinha @hsinha1445]

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.

[Raghuram @Ghurram]

@ActusDei @ankurc07 Would love to join but the slots seem to be full. Please lmk if there is any cancellation.

[Quicklend @quicklendhq]

May this Vishu bring new beginnings, prosperity, and moments that fill your home with warmth and happiness✨

Wishing you and your loved ones a bright and joyful Vishu from all of us at Quicklend.

#HappyVishu #Vishu2026 #FestiveGreetings #NewBeginnings #Prosperity #Quicklend #LoanAgainstSecurities

[Raghuram @Ghurram]

@pankaj Yupp was a fantastic product. Hard luck !

Excited to know what's next.

[Raghuram @Ghurram]

The date at the top, quite interesting.

TIL 11 Chaitra 1432 is a Bengali calendar notation and the calendar follows Surya Siddhanta.

[Tarique Rahman @trahmanbnp]

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.

[Raghuram @Ghurram]

@kannadayapper Bangalore (BBMP) city limits is greater than Mumbai

Bangalore is also higher than Dehradun, a point I often mention.

[Raghuram @Ghurram]

@pratyush_r8 They were always winning, weren’t they?

[Raghuram @Ghurram]

Asked my 8yo if its fine that I left him at the school bus stop for 5 mins on his own and that he gets into the bus once it comes

His response : "The world is not what is used to be, dad".

Unfortunate, but the reality now.

[Raghuram @Ghurram]

@iuditg Which it still would be, right? A simple android app side loaded onto one’s phone. If someone is truly seeing the power of using open law, this isn’t even a ditch on the road. They will comfortably solve for it.

[Raghuram @Ghurram]

@kunksed @chandrarsrikant They do deal with physical gold. You’re aware of that development, right?

[Raghuram @Ghurram]

@on_drive2306 We ran our company for the first 6 months out of Chaayos Indiranagar. If you will it, you can work.