Ravi Saraogi, CFA @ravisaraogi Twitter profile | Pikagi

Pikagi

Ravi Saraogi, CFA

@ravisaraogi

2,576

Followers

559

Following

342

Media

2,975

Statuses

Co-founder, Samasthiti Advisors. #40under40 Alternative Investment Professional. Member, PL Committee, CFA Society India. Views personal.

Chennai, India

https://t.co/fdCwKohNYk

Joined April 2009

Don't wanna be here? Send us removal request.

Pinned Tweet

@ravisaraogi

Ravi Saraogi, CFA

8 months

With equity markets at all-time high, can a system be built that can move in/out of equity based on momentum? Such a system, called 'Dual Momentum' has been implemented in US. We tested whether such a strategy can work in India. Results look promising.

Tweet media one

1

3

26

Last Seen Profiles

@MoldAbdoh

@Johnson__joey

@bian_mv

@bokeplokalmalam

@bian_mv

@xo_hi_trhk_xo

@m_igeta

@bian_mv

@tomochin08141

@nagardeepak85

@askiistighfar

@soisapni2

@Riley_rabbits

@miina_37soko

@VirginiFra

@Guyonan121

@BishopPress

@Bait_kiges

@kkpapua1

@BinorRaja

@04282005kuro

@sclcldv

@penikmatt_ibu

@raynaaaaaaax

@2bu_sanad

@rendyboboth

@sakuq_0_0_p

@N0jksundukOiing

@cengizhangenc

@izave6

@enchanttheory

@xx_makaron_xx

@xv_yuika

@senetoandseneto

@Amor_De_Siempre

@mocchan_otk

@ravisaraogi

Ravi Saraogi, CFA

3 years

My bank RM trying to convince me to invest 🥴

Tweet media one

75

27

639

@ravisaraogi

Ravi Saraogi, CFA

5 years

India has come a long way. From "Use dipper at night" to this.. 😂

Tweet media one

6

38

193

@ravisaraogi

Ravi Saraogi, CFA

3 years

(1/n) For large-cap equity exposure, there is simply no better way to invest than using Index funds. I am not going to bore you with the active versus passive theory - lets just look at some basic data. The below table shows the 10 year return performance of large-cap funds,

Tweet media one

11

43

179

@ravisaraogi

Ravi Saraogi, CFA

4 years

(1/n) Read our detailed and exclusive review of the soon to be launched UTI Nifty 200 Momentum 30 Index Fund ("Fund"). This product is a unique offering in the Indian mutual fund landscape and we have looked at its various risk-return characteristics.

Tweet card media

Exclusive Review: UTI Nifty 200 Momentum 30 Index Fund

A compelling product which offers investors a low-cost option to invest in a momentum based investment strategy

samasthiti.substack.com

13

31

106

@ravisaraogi

Ravi Saraogi, CFA

6 years

@ARanganathan72 After 5 years (college + masters in Eco) of being bombarded by Marxist ideas, fortunately bumped into Nobel Laureate Milton Friedman's path breaking PBS TV series - Free to Choose, filmed in 1980. Life was never the same again

Tweet card media

Producing award-winning documentaries and the Free To Choose blog, Free To Choose Network is committed to the winning ideas of freedom.

www.freetochoosenetwork.org

2

17

83

@ravisaraogi

Ravi Saraogi, CFA

4 years

Was pleasantly surprised to see this notification as I was browsing @dspmf website. Fantastic message for investor awareness 👍 @KalpenParekh

Tweet media one

2

9

71

@ravisaraogi

Ravi Saraogi, CFA

11 days

@gurjota @ActusDei I see that we often ignore SOR completely in our retirement computations. Since ideas are best explained through stories, I drafted a story with acutal data to highlight that if we dont factor in SOR, we will grossly underestimate required corpus.

Tweet media one

7

10

77

@ravisaraogi

Ravi Saraogi, CFA

4 years

(1/n) We @CFASocietyIndia are delighted to host a talk between @wbmosler (co-developer of Modern Monetary Theory) and Dr. Anantha Nageswaran (Member, PMEAC). I am looking forward to moderating the discussion on a very pertinent topic. Register here:

Tweet media one

7

25

64

@ravisaraogi

Ravi Saraogi, CFA

2 years

(1/3) SMS sent by @PaytmMoney to its investors - "To remain compliant with SEBI regulations on Paytm Money Direct Mutual Fund platform, update KYC & open FREE Demat a/c before 25th July, 2022" Which SEBI regulation requires Direct MF investors to open a Demat a/c?

6

21

51

@ravisaraogi

Ravi Saraogi, CFA

6 years

Delighted to be recognized as one of the standout talent under age of 40 in the Indian alternative investments industry by @AIWMI & @IAAIF_INDIA To make it sweeter, was a fanboy moment to moderate a discussion with @SunilBSinghania @AashishPS @rehanyarkhan #40under40 #iais19

Tweet media one

Tweet media two

18

7

47

@ravisaraogi

Ravi Saraogi, CFA

2 years

(1/n) We are super-delighted to launch @team_samasthiti Weekly Market Tracker! There is hardly any option for investors to track different market-related indicators in one single place and our Weekly Market Tracker solves exactly this problem.

Tweet media one

1

7

46

@ravisaraogi

Ravi Saraogi, CFA

4 years

(1/n) I recently wrote on why SIPs DO NOT reduce the risk of investing in equities. Data shows that SIPs fail to transform equity into a non-volatile asset class. Yet most investors start an SIP with expectations that it will enhance return or reduce risk

Tweet card media

Opinion | Systematic investment plans don’t reduce the risk of investing in equities

But you should opt for SIPs as they inculcate the discipline of investing regularly

www.livemint.com

9

9

44

@ravisaraogi

Ravi Saraogi, CFA

5 years

Excited to be at the @CFASocietyIndia 'Masters at Work: Investing Frameworks that Win' conference at the beautiful city of Kolkata. Looking forward to some invigorating discussion with a great line up of speakers!

Tweet media one

Tweet media two

1

12

42

@ravisaraogi

Ravi Saraogi, CFA

5 years

@MazzucatoM Imagine explaining to a Martian how, on Earth, compensation of grown men kicking a ball around a pitch is regulated to below that of heart surgeons and teachers by technocrats and commissars who decide the price of everything. Odd.

0

0

35

@ravisaraogi

Ravi Saraogi, CFA

3 years

Shubh Deepawali to everyone🪔 May your life be filled with happiness. Looking forward to having a blast in the evening 🧨 @somyasethuraman

Tweet media one

6

0

38

@ravisaraogi

Ravi Saraogi, CFA

5 years

@ShamikaRavi Maybe we are comparing apples to oranges - both South Korea (in second half of twentieth century) and China example of authoritarian regimes whereas India is a liberal democracy. We never had a strongman like Deng or Park! (Not wishing for one either, freedom is precious)

7

0

32

@ravisaraogi

Ravi Saraogi, CFA

5 years

Warren Buffett on making a "risky" investment into troubled and unrated bonds of Washington Public Power Supply System (WPPSS). This was in 1985. Still relevant today. At his cheeky best!

Tweet media one

1

8

33

@ravisaraogi

Ravi Saraogi, CFA

2 years

Delighted to receive this from an institution that I have tremendous respect and gratitude for. An institution that moulded me, gave me confidence and where I made life long friends. Thank you @TTDSVCDU and all my teachers 🙏🙏🙏

Tweet media one

4

0

32

@ravisaraogi

Ravi Saraogi, CFA

11 days

@gurjota @ActusDei Hello Gurjot. Thanks for your detailed analysis, it was nice to go through it. I would like to humbly point out that we need to factor in Sequence of Return (SOR) risk when drawing such illustrations. My first paper on retirement had a brief on it

3

1

33

@ravisaraogi

Ravi Saraogi, CFA

6 years

My write up on why any larger than normal surplus transfer from the RBI to the government will not be a windfall gain for the government #RBIBoardMeet @deepakshenoy @andymukherjee70 @CafeEconomics @mostlyeconomics @eyeofsiva @dugalira @thesuniljain

@Mint_Opinion

Livemint Opinion

6 years

Ravi Saraogi: Irrespective of the method used to pay the special dividend, it would be a mistake to treat the transfer as a windfall gain for the government

0

3

7

2

7

32

@ravisaraogi

Ravi Saraogi, CFA

2 years

Excited to be speaking at the SEBI sponsored forthcoming @TIA_Investors event on the topic "What is the Safe Withdrawal Rate for a Retirement Portfolio in India?" As this is a SEBI sponsored event, it's OPEN for the public. If you are in Chennai, do drop by, details below 👇

Tweet media one

1

8

31

@ravisaraogi

Ravi Saraogi, CFA

3 years

(7/n) Apart from a couple of large-cap funds who have displayed some stability in their ranks, the general story is that today's winners are tomorrow's laggards. The only rank consistency on display is that funds that perpetually rank lower, continue to do so!

Tweet media one

5

7

30

@ravisaraogi

Ravi Saraogi, CFA

6 years

@IntThings And when you follow your dreams and become "they", you pay the same bribe to your employees so that they forget their dreams

0

2

27

@ravisaraogi

Ravi Saraogi, CFA

3 years

Wishing Dr. VAN all the best and hearty congratulations on his appointment as the new Chief Economic Advisor to the Govt. of India. It was an honour for us at the @CFASocietyIndia to host him for a scintillating talk on the Global Economy a few years back!

Tweet media one

0

1

27

@ravisaraogi

Ravi Saraogi, CFA

2 years

(1/n) A recent Settlement Order by SEBI has throws light on the question of who can provide model portfolios for investment purposes. In the said Order, SEBI has prohibited a registered Research Analyst (RA) from providing model portfolios to clients.

7

9

26

@ravisaraogi

Ravi Saraogi, CFA

2 years

Don't miss interacting with @safalniveshak and @arun_kumar_r at this much anticipated in-person session by @CFASocietyIndia on The 'Art' of Investing! We have only a few seats left, register now! @vijayvenkatram

Tweet media one

2

6

25

@ravisaraogi

Ravi Saraogi, CFA

2 years

👇 Coverage of my study titled "Computing the Safe Withdrawal Rate for a Retirement Portfolio in India" by @livemint . The study makes the case for using a lower rate than the traditionally used 4% withdraw rate from a retirement portfolio. Full paper here

@ActusDei

Neil Borate

2 years

How much can you withdraw from a corpus to make it last 30 years? A study by @ravisaraogi suggests that this rate is just 3% on a 40:60 debt equity portfolio. As in for 1 crore corpus, 1st year is 3 lakh, second year is 3.15 lakh (assuming 5% inflation) and so on. Why?

Tweet media one

8

20

123

2

5

25

@ravisaraogi

Ravi Saraogi, CFA

3 years

BAFs have emerged as a popular MF category, particularly now when equity markets are at an all time high and debt returns at cyclical low. However, BAFs are not all-purpose funds as they are made out to be. Read below for my views on this product alongside other expert views 👇

@QuirkyLogic

Salonee Sanghvi, CFA

3 years

Good morning @livemint Should you invest in BAFs ? Does it help with asset allocation ? @niranjan_mf @ravisaraogi @chintanharia @ActusDei @MWGIndia

Tweet media one

11

6

56

2

7

25

@ravisaraogi

Ravi Saraogi, CFA

4 years

Delighted to share my write-up published in the Mint. The original title was "We should stop using the word bubbles - they don't exist". Expectedly, the editors found the title too scandalous :) Hope you enjoy reading it and would love to hear your view!

Tweet media one

1

2

22

@ravisaraogi

Ravi Saraogi, CFA

5 years

And it starts! Welcome to @CFASocietyIndia First India Fixed Income Summit 2020. #ifis19

Tweet media one

0

4

20

@ravisaraogi

Ravi Saraogi, CFA

2 years

Sharing my @livemint write up on the expected changes in direct MF platforms. Recent events signal important changes in the way such platforms will operate in the future. Read below for the full details. Thanks @maulik_madhu @ActusDei for carrying this.

Tweet media one

0

7

22

@ravisaraogi

Ravi Saraogi, CFA

4 years

(1/n) In 2006, while pursuing my graduation in economics, I picked up Tom Friedman's book – "The world is flat." To a young impressionable mind, it left a deep impact. I remember thinking globalization is an unstoppable force. How wrong I was!

Tweet card media

Is this the end of the globalisation era?

It’s not just the Covid-19 pandemic that has sounded the death knell for globalisation. Its founding ideologies — democracy and capitalism — have been shook ever since the 2008 global financial crisis

www.thehindubusinessline.com

2

1

21

@ravisaraogi

Ravi Saraogi, CFA

5 years

@_nirajshah Next time you shop for something, withdraw cash and pay. You will feel a pinch. Or use debit card and see the SMS of lower bank balance. All the cashbacks/reward points/creds will be pennies compared to the money you will save by thinking twice before spending.

0

2

19

@ravisaraogi

Ravi Saraogi, CFA

5 years

(1/n) Tweet thread below on some fascinating observations. Ramdeo's session: Equities represent limited downside and unlimited upside (!) Downside is 100%, upside is unlimited. #maw @CFASocietyIndia

Tweet media one

1

4

18

@ravisaraogi

Ravi Saraogi, CFA

6 years

My write up giving a peek into Schumpeter's prediction on the decay of capitalism and how universal basic income can save capitalism @andymukherjee70 @CafeEconomics @mostlyeconomics @dugalira @thesuniljain @alexmthomas @Darkwyr @BuddyYakov

@livemint

Mint

6 years

#Opinion | Decay of capitalism and an elixir called universal basic income

Tweet media one

0

2

14

1

7

19

@ravisaraogi

Ravi Saraogi, CFA

8 years

@somyasethuraman @sanjeevsanyal

@PunchTantrum

पञ्चतन्त्रम्

8 years

Ruins of 2000 yr old temple of Indo-Iranian God Mithra/ मित्र found in Corsica, near Italy.

Tweet media one

4

69

74

0

5

15

@ravisaraogi

Ravi Saraogi, CFA

1 year

Great story on FIRE! One of the best things you will read on this topic since this article carries actual numbers that help immensely in demystifying what it takes to FIRE. @ActusDei @sashindnj

@ActusDei

Neil Borate

1 year

Many people dream of Financial Independence and Retire Early (FIRE). Today @sashindnj documents the stories of actual FIRE people and gives us some calculations by @ravisaraogi on how much you need to save. A fantastic read! #FIRE

Tweet media one

91

229

1K

1

1

18

@ravisaraogi

Ravi Saraogi, CFA

8 years

@sanjeevsanyal i have another picture of this with Cambodian locals praying

Tweet media one

2

8

15

@ravisaraogi

Ravi Saraogi, CFA

3 years

(4/n) The story remains the same if we look at the performance over the last one year. None of the large-cap funds benchmarked to Nifty 50 managed to beat the index, with a very small number of funds benchmarked to Nifty 100 beating their benchmark.

Tweet media one

3

4

17

@ravisaraogi

Ravi Saraogi, CFA

2 years

1/n Delighted to share my "Why Not Mint Money" @HTSmartcast podcast with @SatyaSontanam . We discuss the important finding that taking duration risk is debt mutual funds does not translate to higher returns. Do give it a listen! @ActusDei

Can you invest in short-duration debt mutual funds for long-term needs?

Mint’s Satya Sontanam speak to Ravi Saraogi, CFA, Co-founder, Samasthiti Advisors to understand if taking a duration risk by investing in longer duration debt mutual funds helps in generating higher...

www.htsmartcast.com

1

3

18

@ravisaraogi

Ravi Saraogi, CFA

6 years

My write up on the launch of India Impact Fund. Can be a game changer for impact debt in India @GSGimpinv @IIIC_India #impactinvesting #gsgsummit2018

Tweet card media

Social sectors poised to get private debt-capital boost (Comment)

The Global Steering Group for Impact Investments (GSG) launched a billion-dollar India Impact Fund at a summit held in Delhi last week. The fund will focus on providing debt capital to social...

www.business-standard.com

0

9

15

@ravisaraogi

Ravi Saraogi, CFA

5 years

Interactive session between @ananthng and Dr. Anantha. Dr. Anantha mentioned that he looks forward to reading two columns for illumination - one is that of @ananthng , and the other is @andymukherjee70 #ifis2019

Tweet media one

3

4

16

@ravisaraogi

Ravi Saraogi, CFA

6 years

Looking forward to moderating a session on Gender Equality and Women Empowerment at the upcoming @IIIC_India 's Prabhav 2018, Delhi. Do join if possible! @_NorthernArc @ashaimpact @koisinvest #genderequality #impactinvesting #prabhav2018

Tweet media one

0

7

15

@ravisaraogi

Ravi Saraogi, CFA

6 years

Full house for Prof Pattabiraman's (founder of @FreeFinCal ) session on personal finance, held at @dvaratrust . Brilliant talk on personal money management! @CFASocietyIndia #sparkevent #cfaevent

Tweet media one

1

4

17

@ravisaraogi

Ravi Saraogi, CFA

5 years

@MebFaber @barronsonline Reminds me of the brilliant words by @nntaleb - "Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have – or don't have – in their portfolio.” If we do this, 90% of financial forecasting nonsense will be eliminated. #skininthegame

0

1

16

@ravisaraogi

Ravi Saraogi, CFA

1 year

And we start! Looking forward to an exciting set of sessions today.

Tweet media one

@CFASocietyIndia

CFA Society India

@CFASocietyIndia

1 year

Just 1 day to go! We are excited to meet you at the India Alternative and Quant #investing #summit tomorrow at 8:30 am! Here is what your day would look like.

Tweet media one

0

0

4

0

1

17

@ravisaraogi

Ravi Saraogi, CFA

5 years

AMCs have started sending out communiques to prevent run on their credit funds due to Franklin closing down 6 debt funds. The sequence of risk in a credit fund is, first, liquidity risk, and then, credit risk. Redemption pressure can get very murky for entire credit fund category

Tweet media one

1

4

17

@ravisaraogi

Ravi Saraogi, CFA

5 years

(28/n) Must read book recommendation from Sanjoy : The Zurich Axioms. "When the ship starts to sink, don't pray. Jump." #maw @CFASocietyIndia

Tweet media one

Tweet media two

1

5

14

@ravisaraogi

Ravi Saraogi, CFA

3 years

Received a Speed-Post package 📦 with this colourful set of stamps- each stamp telling a story from the epic Ramayana. Beautiful!

Tweet media one

2

0

14

@ravisaraogi

Ravi Saraogi, CFA

4 years

(1/n) A brief thread based on my write-up on why ideas like using household gold or forex reserves for financing India's stimulus bill do not make any sense. Even the suggestion of printing currency cannot help the government

Opinion | Gold and forex reserves cannot finance India’s stimulus

Neither are realistic options and India’s debt would shoot up even if RBI were to print extra money for it

www.livemint.com

3

3

15

@ravisaraogi

Ravi Saraogi, CFA

7 months

Sorry, but the 4% rule does not work for India! @rajanraju26 Our detailed research on this - …. @EconomicTimes Retirement planning: What is the 4% rule for retirement withdrawals?

Tweet card media

Retirement planning: What is the 4% rule for retirement withdrawals?

Withdrawing from retirement corpus: Retirees frequently utilize the 4% withdrawal rule to manage their expenses in their later stages of life. Its primary aim is to maintain a steady stream of income...

economictimes.indiatimes.com

3

2

15

@ravisaraogi

Ravi Saraogi, CFA

4 years

(1/n) After a wonderful inaugural edition last year, looking forward to the second edition of @CFASocietyIndia India Fixed Income Summit 2020. Register here, #IFIS2020 #cfaevent #debtmarkets

Tweet media one

1

4

14

@ravisaraogi

Ravi Saraogi, CFA

3 years

(5/n) If we look at the proportion of large-cap funds under-performing their benchmarks across different time periods (10 year, 7 year, 5 year, 3 year and 1 year), a clear trend emerges highlighting the vanishing of alpha in large-cap funds.

Tweet media one

1

1

11

@ravisaraogi

Ravi Saraogi, CFA

5 years

From the minutes of SEBI's board meeting today. I have always wondered on the irony of distributors calling themselves "Independent Financial Advisors (IFA)." Never thought this would come through but it has- the term IFA can now only rightfully be used by Registered Advisers!

Tweet media one

3

3

13

@ravisaraogi

Ravi Saraogi, CFA

5 years

(2/n) Ramdeo's session: How often have we heard about the power of compounding? Here are some numbers yo reflect on: Difference between 10 and 30 years is not 3x but 87x. Buffet's 22% CAGR over 58 years grew capital at 85,000x ! #maw

Tweet media one

Tweet media two

1

2

12

@ravisaraogi

Ravi Saraogi, CFA

2 years

@monikahalan Wrote a detailed post on this topic. On how endowment policies fail on both objectives - insurance cover provided is low and returns are paltry. By trying to do two things, endowment products do neither.

Tweet card media

LIC policies: To buy or not to buy?

There is only one other thing as abundant in India as Aadhar – LIC policies. If you think you don’t have an LIC policy, think again. There is a high possibility

www.thenewsminute.com

1

1

12

@ravisaraogi

Ravi Saraogi, CFA

9 months

@FI_InvestIndia I see there are many comments on how much can be withdrawn with a step-up to account for inflation. @rajanraju26 and my detailed study throws light on how much can be safely withdrawn each year from a retirement portfolio without exhausting it prematurely

1

0

12

@ravisaraogi

Ravi Saraogi, CFA

7 months

Looking forward to @CFASocietyIndia PL Committee meeting at Ahmedabad, with my partner-in-crime @vijayvenkatram

Tweet media one

1

0

13

@ravisaraogi

Ravi Saraogi, CFA

3 years

(1/n) It's been 2 years since we launched Samasthiti- a platform that provides financial planning services to all. We want to take this opportunity thank our clients and well-wishers for their love and support. This is how we changed lives in 2021 @somyasethuraman

Tweet media one

3

1

13

@ravisaraogi

Ravi Saraogi, CFA

6 years

Happy to share the fantastic first close of our sixth AIF! We hope to scale up this unique amd differentiated offering this fiscal year.

0

5

12

@ravisaraogi

Ravi Saraogi, CFA

2 years

View of the majestic Kangchenjunga, the third highest mountain in the world, as seen from my home in Darjeeling today morning. Beautiful beyond words 🏔️ @SUBHOFNH @somyasethuraman

1

0

11

@ravisaraogi

Ravi Saraogi, CFA

3 years

(3/n) If we repeat this exercise and look at the performance over the last 5 years, the results are staggering. Out of a total of 27 large-cap funds, 24 funds under-performed their benchmarks, i.e., close to 9 0% of the funds under-performed.

Tweet media one

1

1

11

@ravisaraogi

Ravi Saraogi, CFA

4 years

"Where the mind is without fear and the head is held high....Where words come out from the depth of truth...Into that heaven of freedom, my Father, let my country awake" 🙏 #HappyIndependenceDay @somyasethuraman

@somyasethuraman

Somya Sethuraman

@somyasethuraman

4 years

At the stroke of the midnight hour, when the world sleeps, India will awake to life and freedom. #HappyIndependenceDay #trystwithdestiny @ravisaraogi

Tweet media one

1

0

10

1

0

12

@ravisaraogi

Ravi Saraogi, CFA

1 year

Quoted in a very interesting @livemint study by @rohatgi_akshat on Trigger SIPs. The data very succinctly highlights the utter uselessness of Trigger SIPs. You can read the full article here, @ActusDei

Tweet media one

2

2

12

@ravisaraogi

Ravi Saraogi, CFA

2 years

Live from the Tamil Nadu International Kite Festival 2022, Mahabalipuram 😃 @somyasethuraman

Tweet media one

1

1

12

@ravisaraogi

Ravi Saraogi, CFA

5 years

(1/n) A short thread on a recent piece I wrote for @livemint . Over the past few weeks, several investors have expressed their anguish to me regarding the correction in the equity markets. @monikahalan

@monikahalan

Monika Halan 🇮🇳

5 years

In which @ravisaraogi defines what long term can mean in equity investing. @livemint

0

1

11

5

4

11

@ravisaraogi

Ravi Saraogi, CFA

3 years

(6/n) The odds are disproportionately against you if you would still like to pick an active large-cap fund. Even if you look at past winners and try to identify a good active large-cap fund, the lack of rank consistency makes the job hard.

2

0

9

@ravisaraogi

Ravi Saraogi, CFA

3 years

Looking forward to this session tomorrow at the Amity Business School with @somyasethuraman . Its always exciting to interact with students who always have fresh perspectives to offer on the important topic of money management.

Tweet media one

1

1

11

@ravisaraogi

Ravi Saraogi, CFA

6 years

Looking forward to moderating a star studded panel on Alternative Investments at the 6th Indian Alternative Investments Summit, 16 Jan, with @AashishPS @SunilBSinghania @rehanyarkhan and Satish Mandhana #iais @AIWMI @IAAIF_INDIA More details here

Tweet media one

0

6

10

@ravisaraogi

Ravi Saraogi, CFA

6 years

Delighted to have contributed to India's first online course on impact investments, created by @ashaimpact & @JSiEin . Watch me discuss the strong need for debt in the impact space. Do register and spread the word, first batch starts 17 Dec #ImpactInvesting

Tweet media one

Tweet media two

0

6

10

@ravisaraogi

Ravi Saraogi, CFA

4 years

Incredible and beyond words. I am biased as I am from Darjeeling, but Kanchenjunga has to be the most beautiful mountain in the world!

@somyasethuraman

Somya Sethuraman

@somyasethuraman

4 years

A picture Papa/FIL clicked this morning of the majestic Kanchenjunga from our home in Darjeeling. @TheDarjChron @tourdarjeeling @Darjeelingldn

Tweet media one

1

0

6

0

0

11

@ravisaraogi

Ravi Saraogi, CFA

6 years

@dmuthuk @sumit0409 Agree. However, consistent performance means delivering 20% +/- 3%. How can a business be so consistent as to throw out 20% each and every quarter?

0

0

10

@ravisaraogi

Ravi Saraogi, CFA

3 years

@TheDarjChron

0

3

10

@ravisaraogi

Ravi Saraogi, CFA

3 years

Note- 1) Data is as of May 2021 2) Data is for Regular plans 3) Large-cap funds have been clubbed into two categories i) funds benchmarked to Nifty 50 or BSE Sensex, and ii) funds benchmarked to Nifty 100 or BSE 100

4

1

9

@ravisaraogi

Ravi Saraogi, CFA

5 years

(3/n) Ramdeo's own journey in the markets succinctly put in an explosive graph. 28% CAGR over 30 years, multiplying capital 1,660x #maw

Tweet media one

1

1

9

@ravisaraogi

Ravi Saraogi, CFA

3 years

(2/n) Some funds have chosen their benchmark as Nifty 50 and some as Nifty 100 (see note 3 at the end). Out of the total of 24 funds, 14 funds under-performed their chosen benchmark. Thus, more than half the funds under-performed.

Tweet media one

2

1

9

@ravisaraogi

Ravi Saraogi, CFA

5 years

Over what turned out to be a spectacular two hour discussion, Dr Anantha covered a range of issues facing the global economy and the challenges ahead. Summarising key observations below: @CFASocietyIndia @IFMR_Official @kreauniversity

Tweet media one

Tweet media two

Tweet media three

1

3

9

@ravisaraogi

Ravi Saraogi, CFA

5 years

Tweet thread on my write up: Budget 2019 has led to a huge tax arbitrage between debt AIFs and debt MFs @NagpalManoj @andymukherjee70 @IAAIF_INDIA @CFASocietyIndia @deepakshenoy @Iamsamirarora

Opinion | Budget 2019 has led to a huge tax arbitrage between debt AIFs and debt MFs

Tax arbitrage siphons away 1.6-2.4% of the returns in debt AIF compared to mutual funds

www.livemint.com

2

6

10

@ravisaraogi

Ravi Saraogi, CFA

4 years

Do mark your calendars for this Green Asset Backed Securitization webinar with a fantastic line up of speakers including @anshgupta64 and @Sandeep65555045 Promises to be a great discussion!

Tweet media one

1

5

10

@ravisaraogi

Ravi Saraogi, CFA

3 years

SBI Bluechip Fund is a mammoth fund - its the second largest large-cap fund with a corpus of more than INR 32,000 crores. It's since inception return is lower (slightly) than Nifty BeES. 15 years of active management and nothing to show!

Tweet media one

1

2

10

@ravisaraogi

Ravi Saraogi, CFA

6 years

Join us for an interactive session with Prof. Pattabiraman, the man behind the absolutely brilliant and popular personal finance blog @FreeFinCal @dvaratrust @_NorthernArc

@dvaraholdings

Dvara Holdings

6 years

Event: Coming Thursday we look forward to hosting Prof. Pattabiraman from IIT Madras for a talk on personal financial planning

Tweet media one

0

2

5

0

6

10

@ravisaraogi

Ravi Saraogi, CFA

8 months

Do read @AaratiKrishnan 's brilliant note on the great Indian retirement challenge. Retirement is indeed a tough nut to crack, but having the right data helps. Aarati quotes @rajanraju26 and my study on retirement withdrawal rates. Don't miss 👇

@AaratiKrishnan

Aarati Krishnan

@AaratiKrishnan

8 months

Indians may need over 33 times their annual expenses at the age of 60, to retire. That's higher than the 25 times used in US. This is the key implication of a new paper by Rajan Raju and @ravisaraogi which puts the safe withdrawal rate at 3% 1/n

44

236

951

0

0

10

@ravisaraogi

Ravi Saraogi, CFA

2 years

Weekly Market Tracker: •The most widely anticipated event last week was Jerome Powell's speech at the Jackson Hole Symposium. Well, it seems like Powell decided to celebrate Halloween 😱 a little earlier!

Tweet media one

1

1

10

@ravisaraogi

Ravi Saraogi, CFA

2 years

Delighted to share my first podcast with @the_hindu and the incisive @samzsays . We discussed a broad range of issues surrounding last week's interest rate hike by RBI. Tune in as we discuss the transmission of changes in repo rate to lending rates vs fixed deposits rate. We..

@the_hindu

The Hindu

2 years

In this week's #InFocusPodcast , Ravi Saraogi speaks to @samzsays on the implications of the #RBI rate hike from the consumer’s point of view, and the impact it will have on the housing market.

0

2

9

1

1

10

@ravisaraogi

Ravi Saraogi, CFA

3 years

Do register for this upcoming Do-it-yourself (DIY) workshop where @anishteli will be taking us through the process from scratch of building your own portfolio of momentum stocks. For those interested in factor investing, time to get your hands dirty!

@CFASocietyIndia

CFA Society India

@CFASocietyIndia

3 years

Have you registered yet? Register now & book your seat for this upcoming webinar on " Smart Beta Investing – Momentum Factor " ft. @anishteli Mod: @ravisaraogi 29th July | 5:30 pm onwards #Webinar

2

0

2

4

4

9

@ravisaraogi

Ravi Saraogi, CFA

4 years

Always special to receive a book gift, particularly when the book comes recommended with two illustrious central bankers - YV Reddy and Mervyn King! Thank you @CFASocietyIndia #NewYear2021

Tweet media one

1

0

10

@ravisaraogi

Ravi Saraogi, CFA

7 years

My write up in @businessline on the need to raise the regulatory cap for exposure to lower rated bonds

0

5

10

@ravisaraogi

Ravi Saraogi, CFA

6 years

Looking forward to hear this awesome lineup of #WomenInFinance speak at @CFASocietyIndia Chennai event on 8th March (details below). Today is the last day for registration, you don't want to miss this!

Tweet media one

0

1

8

@ravisaraogi

Ravi Saraogi, CFA

5 years

This is hilarious (from @rorysutherland 's brilliant book Alchemy) 😆

Tweet media one

1

0

9

@ravisaraogi

Ravi Saraogi, CFA

2 years

@paulkrugman Its incorrect to suggest that Bernanke's work sidelines Friedman's monetarism. Bernanke builds on monetarism rather than sidelines it. From Bernanke's paper you have referenced 👇

Tweet media one

1

0

9

@ravisaraogi

Ravi Saraogi, CFA

2 years

UCC created at @BSEStARMF allows investors to hold MF units in physical/SOA form, for which no Demat account linking to UCC is required. @ActusDei

1

2

9

@ravisaraogi

Ravi Saraogi, CFA

3 years

@lonelycrowd @anishteli @Prashanth_Krish @passivefool @shishir1969 @ActusDei @PrashantmET @udaybhanu_11 @bala_vidya @dhirendra_vr @deeptibhaskaran @doolindalto @bhavan_barhate @HarshitRathi_ @_Mutual_Funds_ @kendheswapnil @asmita_10 @dhuraivel @abanwill @arun_kumar_r @adatar

3

0

9

@ravisaraogi

Ravi Saraogi, CFA

12 days

Any discussion on FIRE or Retirement Corpus always turns out to be controversial, but I am glad @ActusDei did this very nice explainer on what could be your corpus requirement for achieivng financial independence @team_samasthiti

@ActusDei

Neil Borate

13 days

Want your FIRE number? Annual expenses * no of years of retirement. That easy! Thumb rule works even considering effect of inflation & returns (they mostly cancel out). If you want a more sophisticated measure, refer to Ravi Saraogi's table at the bottom.

Tweet media one

57

106

621

0

0

10

@ravisaraogi

Ravi Saraogi, CFA

5 years

There is a large scale transformation happening in China (look at the blue box below). Only in China can such a transformation be undertaken without major upheavals, due to the unique characteristic of Chinese form of government. @CFASocietyIndia #ifis2019

Tweet media one

1

2

8

@ravisaraogi

Ravi Saraogi, CFA

3 years

@kunalb11 Darjeeling (View of the third highest peak in the world, Mt. Kanchanjunga)

Tweet media one

0

0

8

@ravisaraogi

Ravi Saraogi, CFA

7 months

Delighted to share the coverage in BusinessStandard of my co-authored study on retirement planning. We @team_samasthiti have been using these findings in designing robust retirement plans. If you would like us to build one for you, leave us a note,

Tweet media one

1

1

9

@ravisaraogi

Ravi Saraogi, CFA

5 years

@Sanjay__Bakshi @ThomasSowell My personal favorite @ThomasSowell quote, apt for those advocating soak-the-rich policies: "I have never understood why it is 'greed' to want to keep the money you have earned but not greed to want to take somebody else's money."

0

0

8

@ravisaraogi

Ravi Saraogi, CFA

2 years

Sharing my write up on why the change in taxation for debt MFs, which will now be taxed like FDs, is based on flawed arguments. Debt funds and FDs are different products and there is no case for tax-parity between them. @team_samasthiti

Tweet media one

0

1

9

@ravisaraogi

Ravi Saraogi, CFA

5 years

We are seeing some risks in the divergence between stock market performance and real economy. Globally as well as in India - Dr Anantha @CFASocietyIndia #ifis2019

Tweet media one

1

2

8