Hardik

building New Economy at Dezerv

[Sandeep Jethwani @sandeepjethwani]

Dhirendra, huge respect for your work on MFs! On your comment:
- Good returns over time = Advice x Decision x Execution
- Getting all 3 right consistently will get us to compounding outcomes
- As an investor, you can choose which of these you want to do yourself
- For someone who wants to do all 3 themselves, and can invest the time, no help is needed
- For those who want to do decision and execution themselves, can use an RIA to help
- For those who don't have the time to do these themselves or inclined to focus on their business or family can use PMS
- In fact, PMS also ensures clean custody, transmission of assets, transparency of reporting as additional benefits.

On cost:
- PMS reports returns net of all fees and expenses - both to investors and at overall level.
- We do not charge 20% of profit 😀
- Performance fee is the most user aligned fee structure: the manager doesn't make any revenue in flat and down years and yet ensures active management and engagement - especially in bad years this helps investors stay invested
- Cost has to be measured against the value that the investor perceives - applies to every aspect of the investment industry not just PMS

On tax:
- Rebalancing MFs has same tax regardless of investor doing themselves or on RIA recommendation or a PMS rebalancing

The important thing about personal finance is that it is personal, one size doesn't fit all - you have to decide which works for you.

[Hardik @hardlyavailable]

@ankurnagpal How about folks outside of the US? How can we access this?

[Hardik @hardlyavailable]

@naval 1. Discounted Management fee of 2.50% is for a limited period? Post that, 3.61% including underlying fund fees?
2. Underlying fund carried interest is over & above, right?
3. I couldn’t find break-up of published NAV on the website.
4. How do Non-US citizens participate?

[Hardik @hardlyavailable]

@Sukeshkothari @mybmc It is sad that the administrators who are supposed to protect us are toothless.

[Hardik @hardlyavailable]

Today, a stray dog randomly bit my brother in the morning around 8:30am. A routine walk outside the lane and 5 stray dogs started barking and 1 of them scratched and bit him deep. Do you have any solution or should we all stay in constant fear for our kids and ourselves? @mybmc

[Hardik @hardlyavailable]

@Sukeshkothari @mybmc Today’s newspaper. We are awaiting many more deaths before BMC wakes up.

[Hardik @hardlyavailable]

@Sukeshkothari @mybmc It is ridiculous. Someone could have fallen or could have had a car run over them in panic, let alone the infections and wounds associated with the bite.

[Hardik @hardlyavailable]

@nandiniv @BookMyForex It is a Yes Bank forex card issued via BookMyForex. So guess the Yes Bank system seems compromised. @YESBANK

[Hardik @hardlyavailable]

@BookMyForex multiple fraudulent transactions attempted in BRL on your card. Your customer service hours are 8am to 8pm so no one is answering. Your app and web portal both aren’t working either. How to block card in absence of any medium??!

[Hardik @hardlyavailable]

@vijayshekhar Truly “going dutch” with their gains

[Hardik @hardlyavailable]

@prabhakar2reddy Fantastic. Seems so obvious and intuitive, in hindsight. Great that OpenFX is using this insight (& of course the infra) to solve a big pain point at scale.

[Hardik @hardlyavailable]

The best ever background score in a movie.

[internet archiva @internetarchiva]

Rare footage of Hans Zimmer composing the Interstellar score

[Hardik @hardlyavailable]

@makemytripcare Today, your team asked for another 72 hours extension.

This is so upsetting that I don’t have the energy to explain or purse this anymore. You can now keep the money as charity.
@DeepKalraMMT

[Hardik @hardlyavailable]

@makemytrip hi, this is with respect to trip ID NH73054433694150, check-in date of 29th Dec and check-out date of 2nd Jan. Your company and the hotel has some communication issues which resulted in hotel asking me to pay up again for a prepaid booking (1/2)

[Hardik @hardlyavailable]

@makemytripcare You guys are clueless. After confirming that refund is initiated, I now get a fresh email that you need 72 hours more to review. Are you joking?

[Hardik @hardlyavailable]

@makemytripcare Thanks

[Hardik @hardlyavailable]

@makemytripcare @DeepKalraMMT Hi Saadma, still awaiting clarity

[Hardik @hardlyavailable]

@makemytripcare @DeepKalraMMT Hi Saadma, please update. This is the 5th instance of allowing 24 hours to get back.

[Hardik @hardlyavailable]

@makemytripcare @DeepKalraMMT hi, been trying to resolve this issue with your team for the past 3 days for a prepaid booking made over a month back. The hotel asked me to pay as MMT had not settled their account, been 6 days since my checkin. Multiple calls and escalations, no resolution yet.

[Hardik @hardlyavailable]

@makemytripcare Are you going to respond at all?