Kiran Dutta

Building TrezoFin AI & (For SIFs)

Columbia University Alum

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[Kiran Dutta @kiransoho]

@realhyderabad86 thats called bullshit investing - Kids will never return to India and after all these years, he doesnt even understand the concept of Rental Yield.

Its just pure emotion, nothing else.

[Kiran Dutta @kiransoho]

Global investing from India is little tricky especially on Mutual Funds, given the $7 BN lock by RBI

Update:

Franklin US Opportunities Fund & Franklin India Asian Equity Fund

• Lumpsum/Switch: Suspended

• SIP/STP: INR 50,000 per PAN per month (Accepting)

Fresh lumpsum & switch temporarily suspend sale of units under mentioned schemes with effect from June 8, 2026.

[Andrew Ng @AndrewYNg]

One of the new, buzzy jobs in Silicon Valley is the AI Forward Deployed Engineer (FDE), an engineer who is embedded within a client organization to help customize solutions, such as building and tuning agentic workflows that suit the client’s particular needs. I’ve heard from people who are wondering anew about the FDE career path since OpenAI and Anthropic started building new teams to place FDEs within client organizations.

The rise of FDEs for AI workloads is one way AI is creating new jobs (and why the jobpolcalypse narrative of upcoming job market collapse is false -- there will be many AI and non-AI jobs). However, I believe there will be far more AI Engineer jobs than FDEs, as I explain below.

The FDE role was pioneered about two decades ago by Palantir, which sent engineers to government locations to work on secure, air-gapped networks. In addition to having good technical skills, FDEs need communication skills and sometimes business skills. For example, they may need to speak with clients to understand their needs, formulate a strategy to prioritize projects, explain complex technology, and respectfully push back if a client asks for something unrealistic. They’re enjoying a resurgence because of the amount of work involved in taking an off-the-shelf LLM and building it into a custom agentic workflow that fits particular business needs.

However, I believe the number of AI Engineer jobs will be far larger. A company might accept a few FDEs to be embedded within its organization. But most companies will want far more of their own employees working on their projects. While my organizations do hire FDEs, we hire far more AI Engineers! Also, a common client concern is that it is hard to find vendor-neutral FDEs — they are, after all, there to deeply integrate a particular vendor’s product into a company. In this moment when it’s hard to predict which AI service will be the best one in a year’s time, optionality (the ability to pick whatever vendor turns out to fit best in the future) is very valuable. In contrast, letting FDEs tightly bind a company’s processes significantly reduces optionality.

Right now, I see surging demand for AI Engineers who can build software applications using AI software components (like LLM prompting, agentic frameworks, evals, etc.) and effectively use AI coding agents (like Claude Code, Codex, Antigravity CLI, and OpenCode). As the AI Engineer role matures, I expect it to fragment into more specialized roles, like the generic Software Engineer role from decades ago fragmented into frontend, backend, mobile, data engineering, devops, and so on.

What will be the future, specialized AI engineering roles? I don’t know. Perhaps there will be AI FDEs, LLMOps Engineers, Evals Engineers, AI Data Engineers, Harness Engineers, and other roles we don’t have names for yet. But for now, I see a lot of AI engineers who are generalists create a lot of value. Skilled AI Engineers are in very high demand! As our field continues to mature over the coming decade, I look forward to new specializations within AI Engineering that create even more job opportunities.

[Original text: The Batch newsletter]

[Kiran Dutta @kiransoho]

*SIF May Performance Report*

🇮🇳 𝑰𝒏𝒅𝒊𝒂'𝒔 𝑺𝑰𝑭 𝒖𝒏𝒊𝒗𝒆𝒓𝒔𝒆: 3 𝒎𝒐𝒏𝒕𝒉𝒔 𝒑𝒐𝒔𝒕-𝒔𝒕𝒓𝒆𝒔𝒔-𝒕𝒆𝒔𝒕, 𝒂𝒏𝒅 𝒏𝒐𝒘 𝒊𝒕'𝒔 𝒂𝒍𝒍 𝒂𝒃𝒐𝒖𝒕 𝒅𝒊𝒔𝒑𝒆𝒓𝒔𝒊𝒐𝒏.

• After March's –11.3% Nifty crash 📉 and April's record rebound (qSIF Ex-Top 100 +15.38%, the biggest single-month return ever in SIF) 🚀,
May 2026 was the consolidation month for most of the SIF strategies.

📊 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲 𝐥𝐞𝐚𝐝𝐞𝐫𝐬 (𝐚𝐯𝐠 1𝐌)
✅ 𝐀𝐜𝐭𝐢𝐯𝐞 𝐀𝐬𝐬𝐞𝐭 𝐀𝐥𝐥𝐨𝐜𝐚𝐭𝐨𝐫 +1.68%
✅ Equity Ex-Top 100 +1.39%
✅ Hybrid Long-Short +0.30%
❌ Equity Long-Short –0.45% (dragged by Diviniti –3.92%)

There were five 5 SIF launches in May and 3/5 categories finished green.

🏆 𝐓𝐨𝐩 5 𝐟𝐮𝐧𝐝𝐬 (𝐌𝐚𝐲)
• quant Mutual grabbed all the top 3 positions.
1️⃣ 𝐪𝐒𝐈𝐅 𝐀𝐀𝐀 (𝐐𝐮𝐚𝐧𝐭) +2.77% (Active asset allocator)
2️⃣ qSIF Equity L/S (Quant) +2.07%
3️⃣ qSIF Ex-Top 100 (Quant) +1.45%
4️⃣ iSIF Ex-Top 100 (ICICI Pru) +1.32%
5️⃣ DynaSIF Equity L/S (360 ONE) +1.29%

📈 𝐒𝐢𝐧𝐜𝐞 𝐢𝐧𝐜𝐞𝐩𝐭𝐢𝐨𝐧:
𝐇𝐲𝐛𝐫𝐢𝐝 = 𝐭𝐡𝐞 𝐬𝐭𝐞𝐚𝐝𝐢𝐞𝐬𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐮𝐧𝐢𝐯𝐞𝐫𝐬𝐞: +6.54% 𝐨𝐯𝐞𝐫 7 𝐦𝐨𝐧𝐭𝐡𝐬, 𝐣𝐮𝐬𝐭 𝐨𝐧𝐞 𝐫𝐞𝐝 𝐦𝐨𝐧𝐭𝐡 (𝐌𝐚𝐫𝐜𝐡) - Altiva Hybrid Long Short by Edelweiss

If you want to invest in SIF and want to chat - https://t.co/RPpjgXqwIp

Disc: Past Returns are not a guarantee for future returns, read scheme docs.

#specializedinvestmentfund #sif

[Kiran Dutta @kiransoho]

Never and ever, the greed of making 2x or 3x in Real estate in Hyderabad. We have been warning that a bubble is shaping up and its coming from all angles.

Stay cautious!

[Hyderabad Real Estate & Infra @HydREGuide]

Unfortunately, the landlord had sold many flats in one time payment (OTP) at discount citing the 2022 JDA with My Home. I hope those customers get their money back.

A couple of people had reached out to me on X for my opinion, and I warned them against investing as I sensed there could be issues with this specific land parcel.

[Kiran Dutta @kiransoho]

@yanndine outreach

[Kiran Dutta @kiransoho]

@AhleeDil @realhyderabad86 participate in global markets like Korea and USA - now u can do it on your screen

[Kiran Dutta @kiransoho]

@realhyderabad86 We at https://t.co/0Ucz3Wn3Tt helped few of our investors participate in these names and created decent wealth. Happy to chat.

I think a structured way of where the next wealth comes from in the next 1 decade needs to be answered.

[Kiran Dutta @kiransoho]

@TelanganaDGP Morning - we are available at 7702768844 if you want to have an initial conversation - we will build a model this week around one of the topics and will show it to you.

[Kiran Dutta @kiransoho]

@TelanganaDGP We are a group of Ivy league professionals and techies who are building products in AI and love to collaborate and add value to your vision sir.

[Kiran Dutta @kiransoho]

Cross-cutting / internal

- Unified search layer across CCTNS + HRMS + Hawkeye (the "unified framework" mentioned)

- HRMS assistant — transfers, leave, postings queries for officers

[Kiran Dutta @kiransoho]

Service delivery (citizen-facing)

- Multilingual complaint chatbot — Telugu/Urdu/English, files complaints, gives status updates, answers procedural questions

- Document/form automation — auto-fill and verify citizen applications

- Grievance routing & SLA tracking

[Kiran Dutta @kiransoho]

Law & order management

- Predictive deployment — forecast where incidents are likely (festivals, protests, hotspots) to allocate force

- Real-time incident triage — auto-categorize and route emergency calls/complaints by severity

- Resource optimization — match available personnel (from HRMS) to demand

[Kiran Dutta @kiransoho]

Great initiative - here are couple of thoughts - AI is the need of the hour

Crime investigation

- FIR/case analysis assistant — search and summarize across CCTNS case records using natural language ("show me chain-snatching cases in this zone in the last 3 months with similar MO")

- Crime pattern & hotspot detection — cluster incidents by type, time, location to predict where to deploy

- Link analysis — connect suspects, vehicles, phone numbers, and locations across cases

- Image/CCTV intelligence — face matching, vehicle/number-plate recognition off Hawkeye feeds

[Kiran Dutta @kiransoho]

@ixigo, one of our favorite companies posted stellar set of results despite head winds & one of the very promising companies to be leveraging AI in depth.

Here are the key excerpts from @alokebajpai

🚍🚂✈️🛏️@ixigo - **"Peace of Mind Company"** — before AND after your trip.

ixigo just dropped a strong set of numbers and a bold vision statement.

Here's everything that matters from the management commentary 🧵

1. 📦 The macro tailwind they're riding:

Airlines hold ~40% of Indian travel demand. But fares are high → domestic travellers are substituting. Intl vacation demand converting back to domestic.

ixigo's flight-train-bus funnel captures ALL of this. That's the structural edge.

2. 📊 The numbers:

→ GTV up 27% YoY
→ Revenue up 34% YoY
→ Operating leverage expanding YoY
→ FY26 revenue ~₹1,200 Cr, net profit ~₹700 Cr
→ Bus ATV up 46% YoY
→ Flights segment up 33% growth

Trains remain the longest duration segment. Bus has the highest contribution margin.

3. 🚆 Train is still the moat — and they're deepening it:

- Waitlist reduction AI
- Tatkal for OFAs
- Aadhaar-based re-verification
- P-chart optimisation

Nobody is building train UX this deep. This is what keeps 40Cr+ users sticky.

4. 🤖 The big strategic bet — "ixigo Next"

Alok Bajpai's framing: ixigo is reinventing itself as an **AI-native interface**.

Not AI features bolted on. AI as the core interaction layer.

Positioning: **"Peace of Mind Company"** — before AND after your trip.

That's a brand expansion, not just a product update.

5. 🏨 Hotels = next major focus area.

Currently underpenetrated in their mix. Given their train + bus user base skewing Tier 2/3 India — this is a massive untapped attach rate play.

6. 🧠 OIA framework (their internal lens):

Risk Intelligence → everything on the app.

They want to own the traveller's anxiety loop — flight delays, cancellations, alternatives — all surfaced proactively via AI.

"Least AI" → "AI feast" is the journey they described.

7. The growth/velocity + operating leverage combination is what makes this interesting at current valuations.

Revenue compounding at 34%, margins expanding, and a clear AI reinvention story.

ixigo is quietly becoming India's most underrated travel tech compounder. 👀

Ps: for knowledge purposes

Want me to tighten this into a single punchy tweet instead, or format it as a LinkedIn post for your 24K followers?

[Kiran Dutta @kiransoho]

@lalitinvestor I can tell numerous stories where the investors went direct or got lured by Bankers to put into some random funds and lost their entire retirement savings and a bunch of stuff.

100% agree, it has become such a fashion to ridicule and mock MFDs. Not a good direction

[Kiran Dutta @kiransoho]

Rupee is looming at Century mark very soon!

In these uncertain times, how do you protect your portfolio?

The need for Global diversification is the key. Korean market generated more than 50% returns to date, this year alone. (Last year close to 80%)

Join me tomorrow, Sunday, May 17th on the need for Global Diversification and how you should approach it.

https://t.co/V9sqrur8WS

#globalinvesting

[Kiran Dutta @kiransoho]

@hyderabadprop Big Crash coming soonn.. Loadinggggg..

[Aakrit Vaish @aakrit]

Voice AI is going to be the defining AI opportunity for India.

At Activate, our mission is to not simply invest in Indian startups, but to help build the ecosystem around them. This means connecting global AI leaders with the country's best builders.

That’s why I'm excited to deepen our relationship with @ElevenLabs, the world’s leading voice AI platform. Activate has joined the company's latest Series D financing as a strategic investor and local VC partner.

I first met @mati over a year back and was amazed by his passion for India as a voice first country. This partnership is more than just capital. It's about creating bridges between global frontier AI companies and India’s early-stage AI ecosystem, helping founders here access the right networks as voice becomes a core interface for them.

@177pc & I look forward to working with @Carles_Reina Karthik and the entire ElevenLabs leadership team to activate voice AI in India :)

[ET Mutual Funds @ETMutualFunds]

Beyond #mutualfunds: How #SIFs are redefining mid and smallcap investing
#ETMarkets | @iRadhikaGupta

https://t.co/rF6N35BWsX