Who Is Really Controlling Your Money? (Not Who You Think)

About this episode

Deepak Shenoy discusses the hidden influences on investment decisions, including proxy advisors and index manufacturers.

Shray sits down with Deepak Shenoy from Capitalmind to expose how proxy advisors, index manufacturers, credit rating agencies, and one costly habit are secretly making decisions about your investments. What we uncover: Proxy Advisors: How Glass Lewis and ISS voted against Elon Musk's $1 trillion Tesla package—and why their word has become gospel for fund managers managing your money Index Manufacturers: Why NSE and BSE make subjective calls in supposedly "objective" indices. The HDFC-HDFC Bank merger and Reliance-Jio demerger reveal they're acting more like fund managers than neutral rule-followers Current Account Waste: ₹21 lakh crores sitting idle in corporate accounts earning zero interest—₹40,000 crores in lost profits annually Deepak breaks down why passive investing isn't truly passive, how the NBFC rule hurts startups, and why transparency matters as index funds take over the market. Timestamps: 0:00 - Three institutions controlling your money 1:44 - Proxy Advisors - Fighting Elon Musk 6:28 - Proxy advisors have their own agendas 13:30 - Proxy advisors becoming gospel 17:16 - Index Manufacturers - Second institution 18:24 - 35 lakh crores active vs 12 lakh crores passive…

People in this episode

Host: Shray

Guest: Deepak Shenoy

Topics covered

• investment control
• proxy advisors
• index manufacturers
• credit rating agencies
• passive investing
• corporate finance

Keywords

• proxy advisors
• index manufacturers
• credit rating agencies
• passive investing
• HDFC merger
• corporate accounts
• investment decisions

Mentioned in this episode

Organizations: Capitalmind, Glass Lewis, ISS, NSE, BSE, HDFC, HDFC Bank, Reliance, Jio, ILFS

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