Rishabh Kankaria

Knows a thing or two about Finance🪙 | Bullish on 🇮🇳

[Rishabh Kankaria @rish_kankaria]

On one side Income tax data shows that refunds are faster and smoother. On the other hand a give effect order by AO U/S 250/143(3) dated 19/04/23 has still not been refunded. Why? Because the amount is not 200 or 20000 it is Rs 20L

@IncomeTaxIndia @cpgrams @nsitharamanoffc

[Sandeep Kulkarni @moneyworks4u_fa]

Groww’s recent post on Groww Prime's pivot to regular plans is an important signal for the mutual fund industry. For years the debate was framed as direct plan versus regular plan. But the real distinction was always execution versus advice.
Direct plans work well for investors who have knowledge, time and temperament to choose funds, build portfolios, rebalance, manage risk and stay disciplined on their own. But once a platform starts helping investors decide what to buy, what to hold, when to exit and when to rebalance, it is no longer merely an execution platform. It is entering the business of advice, suitability and ongoing decision support.
That business has costs. Research a has cost. Compliance has cost. Technology, review processes, advisor time and accountability have cost. This is not a criticism of Groww. It is a reminder that serious financial guidance cannot be permanently free.
The real question is not direct versus regular. The real question is whether the investor is receiving judgement and support worth the cost.
Free may be enough for execution. Wealth needs judgement.

[Niranjan Avasthi @avasthiniranjan]

If you started your SIP 2–3 years ago and are wondering, where have my returns gone? this is for you.

One of the biggest misconceptions in investing is that SIP and compounding rewards you immediately.

It doesn’t. SIP and compounding rewards one who is patient.

The chart below illustrates a powerful concept of delayed gratification in SIP.

Two investors invest the same ₹10,000 every month for 20 years.

One earns spectacular returns in the first 5 years and average returns thereafter.
The other earns average returns for the first 15 years and exceptional returns only in the last 5 years.

Surprisingly, the second investor ends up with a much larger corpus.

Why?

Because the highest returns came when the corpus had already become large. A 25% return on ₹10 lakh creates far more wealth than a 25% return on ₹1 lakh.

This is exactly why SIP investors shouldn’t judge their journey by the first few years.

The early years are not about getting rich. They are about accumulating units at different prices and building the base on which compounding works its magic.

The real wealth creation often happens much later. In investing, delayed gratification isn’t a bug. It’s the feature.

Stay invested. Stay patient. Let time do the heavy lifting.

[Mario Nawfal @MarioNawfal]

🇮🇹🇺🇸 Italy's Meloni responds to Trump:

"President Trump, these constant, unprovoked attacks are senseless.

As for my popularity, being your friend certainly has not helped it, nor does it depend on my relationship with you.

My popularity depends on my ability to defend Italy’s national interest, and that is exactly what I have always done.

[The] use [of American bases in Italy] is governed by agreements that we have always respected, and that cannot be violated as long as I am Prime Minister.

Italy remains a sovereign nation.

In any case, my popularity is none of your concern. I suggest you focus on yours."

Source: Giorgia Meloni via @clashreport / Writer: Oliver

[Emmanuel Macron @EmmanuelMacron]

🇮🇳🇫🇷

[Rishabh Kankaria @rish_kankaria]

Visited switzerland recently.
This is Mandarin Oriental Hotel in Luzern, still they have a very prominent Swiss Flag on its top.
Every Tourist place, every hotel, every shop had a Swiss Flag in the entire country.
I believe Indian Hotels should follow this.
@ITCHotels @TajHotels

[vijaimantri @vijaimantrimf]

Are FIIs are smart and MF Managers and SIP investors dumb?

Two attached pictures of an article appeared in The Indian Express are self explanatory.

No one talks about accident avoided.

Dubai wale chacha keep blaming SIP investors and Fund Managers (1/2)

[Ritesh Jain @riteshmjn]

Not good … not good at all.

A movie like “Zindagi na milegi dobara” should never have been made.

[Neil Borate @ActusDei]

NPS has changed so much!
1) Age 60 maturity gone. Now 15 yrs or age 60. Whichever is earlier
2) 80% can be taken out & annuity is down to 20%
3) MSF allows 100% equity.
I sat down with Ranbheer Singh Dhariwal of @ProteanEgovTech to discuss the reforms.
#NPS #protean #partnered

[Gurmeet Chadha @connectgurmeet]

My suggestion for boosting loan growth -

Request Banks and NBFCs to consider Loan to buy ITC and HDFC shares as Mortgage loans instead of LAS .. it’s largely an ‘Immovable asset’ :)

[Political Kida @PoliticalKida]

“Bachche maange maa ki godi

Bengal maange Narendra Modi” 😂

Best video from PM Modi’s community programme in the Netherlands.

[Crypto Wall Street @CryptoWallSt_]

Das ist wahrscheinlich eines der verrücktesten geopolitischen Bilder der letzten Jahre - und fast niemand realisiert gerade die Dimension davon.

Trump fliegt aktuell nach China. Mit an Bord bzw. laut ihm Teil der Delegation:

• Elon Musk (Tesla/SpaceX)
• Jensen Huang (Nvidia)
• Tim Cook (Apple)
• Larry Fink (BlackRock)
• Stephen Schwarzman (Blackstone)
• David Solomon (Goldman Sachs)
• Jane Fraser (Citigroup)
• Kelly Ortberg (Boeing)
• Cristiano Amon (Qualcomm)
• Sanjay Mehrotra (Micron)
• Larry Culp (GE Aerospace)
• Brian Sikes (Cargill)

…und Trump sagt selbst: „many others“.

Man muss sich mal überlegen, was das eigentlich bedeutet.

Das sind gleichzeitig:
- die wichtigsten AI- und Chipfirmen der Welt
- die mächtigsten Finanzhäuser Amerikas
- zentrale Player für Luftfahrt, Energie und globale Lieferketten

Und genau DIESE Leute sitzen jetzt gemeinsam mit Xi Jinping an einem Tisch.

Nach Jahren von:
• Handelskrieg
• Sanktionen
• Chip-Restriktionen
• Decoupling
• Taiwan-Spannungen
• Anti-China-Rhetorik
…passiert plötzlich sowas.

Das hier ist kein normaler Staatsbesuch mehr.

Das wirkt eher wie der Versuch, die wirtschaftliche Beziehung zwischen den beiden größten Mächten der Welt komplett neu zu ordnen.

Und falls dort tatsächlich Deals zu AI-Chips, Boeing, Kapitalflüssen oder Marktöffnungen entstehen, dann könnte dieses Treffen rückblickend als einer der wichtigsten geopolitischen Momente des Jahrzehnts gelten.

Die meisten Medien berichten darüber, als wäre es irgendein diplomatischer Termin.

Ist es nicht.

[Alok Jain ⚡ @WeekendInvestng]

Besides these official appeals in 1967/2013/2026 there have been several instances of trying to curb gold imports.

Gold Control Rules 1963
Gold Control Act 1968
Gold Deposit Scheme 1999
Gold Bonds 1962 1965 1980
Gold Bonds (Immunities and Exemptions) Act, 1993
Gold Deposit Scheme 1999
Gold Monetization Schemes 2015
Sov Gold Bond 2016

Nothing can really curb Indias love for Gold. Hence the Govt should create a thriving Spot Market and lending mechanism in the country itself to galvanize the holdings.

[Narendra Modi @narendramodi]

वैश्विक संकट के इस समय में हमें कर्तव्यों को सर्वोपरि रखते हुए कुछ संकल्प लेने होंगे और उन्हें पूरा करना ही होगा। इसे लेकर मेरा यह विशेष आग्रह…

[Ritesh Jain @riteshmjn]

Yup finally the reality is hitting.

Expect massive resources getting poured in

Energy security
Chips
Critical materials.

In the “Brave new world” cost of capital and price floors on output will be different for different sectors.

[Aaraadhya Saxena 🇮🇳 @ihailmyindia]

> The Constitution mandates delimitation after census (Articles 81 & 82)
> Seat redistribution was frozen in 1976 under Indira Gandhi
> Freeze was extended till 2026 under Atal Bihari Vajpayee in 2001
> People have known for over ~15 years that 2026 was fixed
> Neither any political party nor ‘North Indians’ decide this, delimitation is a constitutional process. whoever is in power must execute it
> Women Reservation bill was passed in 2023, but to implement it, delimitation via Article 334A is compulsory.
> So delimitation is now practically unavoidable
> This process does not need fresh 2/3rd majority
> Govt proposed a new Constitutional Amendment to increase Lok Sabha seats from 543 → ~850, to protect southern states
> But it faced opposition, mainly from DMK
> So no bill passed
> Now delimitation will likely follow Article 81 & 82, that means pure population-based allocation
> South loses share, and Tamil Nadu will be among the most affected

Result :
BJP outplayed opposition & DMK mislead south.
BJP will use, “We tried to protect all states, but opposition blocked it.”
Both delimitation + reservation will eventually go ahead.

[Rishabh Kankaria @rish_kankaria]

@RakJhun Please share date of this data.
Because as of 13th April 2026 this is invalid.

[Rishabh Kankaria @rish_kankaria]

Market Fall, Gold Rally, SIP Flows: How to Invest in FY27 https://t.co/Yi3RkuMtR2 via @YouTube

[Shanaka Anslem Perera ⚡ @shanaka86]

BREAKING: The President just declared Tuesday “Power Plant Day and Bridge Day” on Truth Social at 8:03 AM Easter Sunday. The exact words: “Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell. JUST WATCH. Praise be to Allah.” The timing is not incidental. It is surgical. US markets reopen Monday April 6. European markets do not. The London Stock Exchange, Frankfurt, Paris, and every major European exchange observe Easter Monday and remain closed through April 6. They reopen Tuesday April 7. Power Plant Day. Europe will wake up from a four-day trading blackout into whatever the President does on Tuesday. America gets one day to price the deadline. Europe gets zero.

The asymmetry is structural. US traders return Monday to a market that must absorb the F-15E shootdown, the WSO rescue, the aircraft self-destruction inside Iran, the Borouge debris fire, Trump’s “48 hours” countdown, and this morning’s explicit naming of Tuesday as the day the grid goes dark. They get one session. European traders get none. They return Tuesday morning into the aftermath of whatever Monday’s deadline and Tuesday’s strikes produce. The NATO allies who denied Trump airspace, the EU leaders who called the war “a dangerous trend outside international law,” the Meloni government that flew to Doha to secure gas rather than fight for the strait, all of them will process the consequences of Power Plant Day from the opening bell of exchanges that were blind for four consecutive days.

The force is ready. The Abraham Lincoln has been flying sorties for five weeks. The Ford returned from repairs April 2. The Bush is crossing the Atlantic. JSOC operators just proved deep-territory penetration and extraction with zero casualties. Kharg Island reconnaissance is complete. The 82nd Airborne and Marines are in theatre. The E-4B is at Andrews. And the target list is not abstract. Damavand at 2,868 megawatts powers greater Tehran. Shahid Salimi Neka at 2,214 megawatts serves the Caspian coast. Shahid Rajaee at 2,042 megawatts serves Qazvin. The Karaj B1 bridge was already destroyed on April 3, killing eight people celebrating Nature Day beneath it. Over 100 legal scholars have warned that strikes on power plants could constitute war crimes under the Geneva Conventions.

Four deadlines have passed since March 21. Each one moved. Each expansion added targets: first power plants, then oil wells, then Kharg Island, then desalination, then bridges. Now it is power plants and bridges together, named for a specific day, in language no American president has used publicly about a military operation in the history of the office.

Physical oil is at $131 to $157 in Asia. Paper Brent is at $106. The IRGC toll booth is still collecting yuan and stablecoins. Borouge is on fire from debris. The bypasses are maxed. Japan’s yield is at a 27-year high. And the President is posting expletives about the strait at eight in the morning on Easter Saturday while his rescued airman’s helicopters burn on Iranian soil and the allies whose markets are closed cannot respond until the day he says the grid goes dark.

Tuesday is April 7. The allies reopen into whatever the President delivers. The question that has followed every deadline of this war is whether this one holds. The question that follows this post is different: the President is no longer threatening consequences. He is naming the day, naming the targets, and telling the enemy to watch.

https://t.co/dAOBBMsgDS

[Kayezad E Adajania @kayezad]

SEBI's Specialised Investment Funds promised strategies mutual funds couldn't offer — shorts, covered calls, pair trades. Markets have been brutal since late 2024.

SIFs are getting their first real test, ready or not. @SanketD_ET took a stock of all SIFs in this week's @ET_Wealth to see how they're holding up.