KAUSTUBH WADEKAR

Wealth management professional since 18 years. Director-Era Capital Pvt Ltd. Passionate about money management, genuinely helping people in their money matters.

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

@cmasampatjare Never ever...

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

@ambeecious Name?

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

@SahilKapoor @dspmf Many thanks for your prompt response. Assumimg that 81% include 61% of the results...

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

@SahilKapoor @dspmf Was that study published? If yes, where can that be found?

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

@Airtel_Presence Problem is half sorted. Disturbance in fixed telephone line still persists. Team resolving internet issue didn't bother for OTP when I said that the problem is not fully resolved. They left promising that the back end team will resolve it by yesterday day end. @airtelindia

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

@airtelindia @Airtel_Presence SR no. 10941201863 Issue pending since 3 days. And you need 3 more days to resolve the issue? No one has even visited the site to check the exact problem. Consistently inconsistent broadband network since few months. Really disgusting and hopeless.

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

@Airtel_Presence @airtelindia It is useless to feel it, say it's been kept on priority and still being unable to resolve the issue in stipulated time. No ground staff has contacted me since last 2 days. Thanks to @reliancejio that has kept us going. Else, we would have been left to Airtel's mercy

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

@narendramodi And we always thought that @CNBCTV18Live and @CNBCTV18News do responsible journalism. The post and the comments thereby reveal that they have been irresponsible for quite some time now

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

@1shankarsharma Would be interesting to know the outcome of similar exercise on other major global markets. Am sure you must have run through those figures. Please do share them as well.

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

@ShefVaidya Expecting UP style justice from Maharashtra government??? Ridiculous! They don't have it in them... @Dev_Fadnavis @mieknathshinde

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

https://t.co/lTZvCpycPs

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

@abpmajhatv भारत पाक युद्धासंदर्भातल्या तुमच्या बहुतेक बातम्यांमध्ये भारताचे जे जवान विरगतीला प्राप्त झाले, त्यांना तुम्ही "शहीद" असे संबोधले आहे. शाहिद ते असतात जे इस्लाम साठी मरण पत्करतात. आपले जवान हे "हुतात्मा" आहेत, शहीद नाही.

[Swaminathan Padmanabhan @swaminathankp]

In a significant move, the Reserve Bank of India (RBI) has proposed to allow overseas rupee accounts for Persons of Indian Origin (PIOs) and enable Indian banks to lend money to them via these accounts. This decision marks a pivotal step towards Rupee internationalization, which refers to increasing the use of the Indian rupee in international transactions and as a reserve currency. While internationalization of an emerging market currency comes with both benefits and risks*, the potential for Indian banks to tap into the vast PIO community as an extended customer base could be a game-changer for the Indian economy. It is worth noting that there are over 30 million NRIs and PIOs worldwide, representing a significant market for Indian banks.

Overseas rupee accounts can encourage PIOs to open deposits and take advantage of the interest rate arbitrage opportunity. Currently, interest rates in India are significantly higher compared to developed economies. For instance, the average savings account interest rate in the United States is less than 0.5%, while in India, it ranges from 3% to 7%, with even higher rates for fixed deposits. This difference can attract PIOs to park their funds in Indian banks, promoting liquidity in the Indian banking sector.

The process involves PIOs depositing their local currency - e.g., US dollars - into these overseas rupee accounts offered by Indian banks (or banks that have operations in India). The bank would then exchange it for rupees through the RBI. This process not only benefits the bank but also helps increase the RBI's forex reserves, thereby strengthening the Indian rupee.

The funds received as deposits can be used by Indian banks to lend in India or overseas. Since rupee loans would be less attractive to PIOs due to higher interest rates, this allows banks to lend more within India, contributing to economic growth. Additionally, these accounts would simplify investments by PIOs in Indian assets like real estate, debt, and equities, attracting more foreign investment into the country.

To ensure that this move doesn't drain money from the Indian banking sector, the RBI can tweak the Loan-to-Deposit Ratio (LDR) norms for such foreign deposits and loans. The LDR measures the proportion of loans given out of the deposits received. By maintaining a healthy LDR range for overseas rupee accounts, the RBI can strike a balance between promoting foreign investments and maintaining adequate liquidity within India.

In conclusion, the RBI's proposal to allow overseas rupee accounts for PIOs is a welcome move that could potentially boost the Indian economy. By attracting foreign investments, increasing forex reserves, and promoting domestic lending, this initiative can contribute to India's growth story.

#RupeeInternationalization #IndianEconomy #InvestInIndia #AtmanirbharBharat

*Also see https://t.co/HMfQvzRPdn

[Samir Arora @Iamsamirarora]

In India we have 'we will hold stocks for ever investors' born every minute. In the meantime, Warren Buffett has average holding period of 4 yrs 3 months and has completely exited 63 pisitions since 2010 while his two designated heirs have average holding period of 2 yrs 10 months and exited 48 stocks.
Which also means that they have owned much more than 100 stocks since 2010.

[Sandeep Kulkarni @moneyworks4u_fa]

Past performance of Basant Maheshwari PMS. 👇

It's easy to peddle gyan on twitter and YouTube but it's not easy to manage public money.
Mutual funds have a highly qualified fund managers with atleast 10-15 yrs of experience. He is assisted by a team of sector specialist research analysts and he is guided by a CIO who has 20+ yrs of experience. Nowadays fund houses even have a forensic specialist whose job is flag off cos with poor corporate governance standards.
MFs have well diversified portfolios with 40%-60% in top 10 stocks with a long tail.
Fund managers are using covered call options, cash positions and allocation to global stocks to minimize portfolio volatility.
All of this usually ensures investors get good investing experience over medium to long term even if there are phases of underperformance.

#mutualfundsahihai

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

This is what J P Morgan CEO has to say about India and PM Modi

https://t.co/ATEhsXHEBQ

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

@YouthAgnstHate @erbmjha Better put things in the right perspective
https://t.co/9T954y570q

[KAUSTUBH WADEKAR @WADEKARKAUSTUBH]

@YouthAgnstHate @erbmjha Better put things in the right perspective
https://t.co/9T954y570q

[News Algebra @NewsAlgebraIND]

MUST WATCH 🔥🔥 -

[Kankana Das 💕 @Kankana_Das_]

@TimesAlgebraIND Palki Sharma ji said Bharat is on the right path befitting reply to Dhruv Rathee