"Trading looks lucrative, but it is not easy to make money in trading because you have to deal with your emotions along with market volatility to make money and data tells that less than 10% of active traders make money. Trading requires a different mindset and skills; therefore, you should start it part-time to understand whether it is working for you or not and then gradually you can move to full-time trading."

“We have been asking clients to buy ICICI Bank. The second is HDFC Bank. The stock has been an underperformer vis-à-vis the entire banking sector and can lead the rally from here. Third is the State Bank of India. The numbers were a little below Street estimates, but for the next few quarters, numbers would be strong for PSU banks. SBI should lead the rally.”

“We have started to sow a little bit. I think towards the end of last year, there was a time to reap. We saw two very strong years of performance both in 2020 and 2021. While in the backdrop, the economy was heavily impacted because of Covid, despite that, the markets gave a very strong performance from a very low point in the beginning of 2020.”

“In Q1, high frequency indicators indicated that demand was pretty robust. The first trickle of the high frequency indicators that we are getting from Q2 is again very robust. The PMI numbers and the GST collections and credit growth is good but the bigger thing is that inflation is

“What stands out is his capability to see bargains because the market is about value and price. Price everybody knows but who knows the deep value. When the whole market was against it, he would say this is where the bet lies. Many times it looked like he was a le phataphat de phataphat (trading) type but he was also very long term. All the wealth has been created by him with long-term successful bets.”

“We are not very rich but when the global average is $10000-$12000-$13000, we are at $2,500 and India is supplying manpower to run the best and the biggest corporations in the world. Clearly we have a chance or most likely the way my last 40 years have gone, the next 40 is going to be like that only or may be even more exciting as the world is becoming prosperous.”

“Strategically, for our company, this is the key because the largest segment of the industry is a Flexi Cap both in terms of flows and AUM and has been left as a gap by us. After the Principal merger, we left this as a spot so that at the right time we could launch what we will see as in the future the largest and probably the flagship fund for a fund house.”

"We are moving towards making a much more granular book in the financial services business. Today we have about 43-44% of our book as retail and the balance is wholesale. Earlier before DHFL, it was like 90:10. In the next few years, we want to make it two-thirds retail and one-third wholesale."

“We cannot expect the similar kind of returns which have happened in the last couple of weeks. We will have to curtail our return expectations. There can be a reduction in terms of the returns which are coming in in the subsequent period because we already have seen a significant amount of rally during the last couple of weeks.”