Sourav

100% Equities guy / FIREd in 10 yrs / Talks about investing and finance

[Sourav @Dutta_Souravd]

Interesting contrast in the gold loan NBFC space. While repayment stress and rising overdue loans are making headlines across the sector, Muthoot FinCorp reported a near 2x jump in Q2 profit to ₹779 crore and a better asset quality trend.
https://t.co/JKKPNOgww9

[Sourav @Dutta_Souravd]

@clashreport Sure 6th largest economy possible in 2047 bro with a 3% growth rate.

Math ❌
Hope 👆👆👆

[Sourav @Dutta_Souravd]

People make 1km long queues to buy a ₹1Cr house but wait 1 year to make a ₹1Cr equity investment when markets are beaten down.

No wonder 97% of India are EMI payers and FD investors.

[Sourav @Dutta_Souravd]

Insolation Energy went into isolation as per my analysis in 2024.

470-> 70

Hope everyone is safe in this meltdown

[Sourav @Dutta_Souravd]

Insolation Energy

The stock market keeps amazing me.

People are willing to pay 4000 crore for this broken business model. The balance sheet looks like a train wreck.

Price to sales of 10. No cashflow and people think they can multibagger returns buying this now.

[Sourav @Dutta_Souravd]

@skdey1101 No

[Sourav @Dutta_Souravd]

Guess the country I am chilling in.

[Sourav @Dutta_Souravd]

The market is turning. Soon heads will turn skywards.

My bullishness will end when retail SIP again rockets. Plan to sit on cash in most of 2027.

[Sourav @Dutta_Souravd]

You're not sad. You just don't have ₹7Cr in the bank yet.

[Sourav @Dutta_Souravd]

I don't like crackers or anything with crazy decibel levels. There should be strict enforcement on all occasions including marriage parties or new years.

What do you think?

[Sourav @Dutta_Souravd]

@SauravDassss What worse difficult circumstance bro? She literally married the pm apparent of India and was handed the throne of congress and India to be used as personal heirloom.

[Sourav @Dutta_Souravd]

@AlishaPasware It is not but in India a huge number of people already have ₹10Cr and every Indian must aspire for it.

[Sourav @Dutta_Souravd]

After ₹10Cr networth lifestyle doesn't change much till you cross ₹100Cr when one starts buying luxury housing.

₹20Cr+ however gives a big cushion against any financial downturn.

[Sourav @Dutta_Souravd]

@Mmhassan1981 @CMShehbaz Pakistani person 🤣🤣🤣 he the pm bro

[Sourav @Dutta_Souravd]

@VikasSherawat 2 million $

[Sourav @Dutta_Souravd]

Raamdeo Agarwal said he almost left stock market during the 1999-03 period when market went nowhere. He was worth ₹30Cr then.

Fortunately he stuck around and was worth ₹3000Cr by 2008.

The last 2 years many would have felt similar frustration.

[Sourav @Dutta_Souravd]

@CallMeDigital1_ Such an ugly looking shot 🤣🤣🤣 barely crosses the boundary

[Sourav @Dutta_Souravd]

@sushilkedia Jala huwa baingan bharta 🤣

[Sourav @Dutta_Souravd]

Gold has always been an integral part of India's financial and cultural identity. But the way we buy, own and invest in gold has changed significantly over the years.

And one company has been part of several important chapters in this evolution: *Augmont.*

Long before digital gold became a household phrase, the Augmont Group was working towards changing how Indians access gold. Its legacy goes back to conceptualising the idea of paper gold, which evolved into what we know today as Gold ETFs, in the early 2000s.

It subsequently emerged as a pioneer in India's digital gold ecosystem, powering access to gold through more than *245 fintech partners* and serving 5.23 crore customers.

Today, Augmont has another milestone to its name. Now a listed company on NSE and BSE, it is working with NSE to introduce Electronic Gold Receipts (EGR), a new way of bringing physical gold into India's formal financial ecosystem.

So, why does this matter?

India holds enormous quantities of household gold, much of which remains locked away in lockers and bank deposits. *NSE EGR* creates an opportunity to bring this gold into the financial system, making it more accessible, tradable and liquid.

With the old-gold-to-EGR conversion mechanism, the larger vision is also to unlock the potential of existing household gold, reduce dependence on imported gold and move towards a more Atmanirbhar gold ecosystem.

Augmont is also the liquidity provider for NSE EGR, playing an important role in facilitating buying and selling.

Its industry recognition, including being named India's No. 1 Gold Platform by the India Gold Conference in 2025 and 2026, and *India's No. 1 Silver Platform by the India Silver Conference in 2025* reflects its journey in the sector.

From conceptualising paper gold to pioneering digital gold and now enabling EGR, Augmont's journey reflects how innovation can transform a traditional asset.

*Gold was once limited to lockers, jewellery shops and physical exchanges. Today, it is moving towards becoming a fully integrated financial asset.*

Augmont took gold to the exchange, then to your phone. Now, it is helping take gold into India's financial future.

*EGR could be the UPI moment for gold.*

[Sourav @Dutta_Souravd]

A 15 stock portfolio will have 8 stocks that don't perform at all when you are starting your investment journey.

As you progress, your aim should be to reduce the 8 to 3.

[Sourav @Dutta_Souravd]

If I were working in corporate today, my salary would have been ₹1.5Cr+ but would need to beg boss for leave or get high blood pressure, come home late, less time with family.

Instead, I chose to be financially free and retire at 33.

Best decision ever.