Konversation with Kushal

In this episode of Konversation with Kushal, Jayant Mundra, IPO analyst, content creator, and author of an upcoming book on IPO investing, breaks down how India's IPO market actually works — from the inside. He shares why the 1000x returns that were once possible for retail investors are now mathematically impossible, and how the real wealth was already captured by angels, VCs, and sovereign wealth funds long before a company ever lists on the stock exchange.The conversation dives deep into how to read a DRHP like a professional — decoding related party transactions, royalty structures, grey market premium manipulation, and the real role of merchant bankers in pricing IPOs. Using explosive case studies like Ola Electric, boat, PhonePe, Zomato, Paytm, Suzlon, and Maruti Suzuki, he exposes the red flags that most retail investors completely miss — and how to spot them before it's too late.From understanding how an entire city controls India's grey market premium, to why founder resignations just weeks before an IPO are a massive warning sign, and how to build a concentrated, high-conviction portfolio in today's market — this episode is a practical masterclass for every serious investor who wants to stop losing money in IPOs and start asking the right questions. Don't forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#JayantMundra #KushalLodha #IPOInvesting #StockMarketIndia #DRHPAnalysis #IPORedFlags #GreyMarketPremium #MerchantBanker #OlaElectric #Paytm #WealthCreation #StockMarketHindi

In this episode of Konversation with Kushal, Ramneek Kundra, Chief Investment Officer at DSP Pension Fund, breaks down how he thinks about long-term investing, valuation and market cycles through real examples. He explains why businesses like Google create massive consumer surplus and how monetisation naturally follows in “free” digital models. The conversation then moves into his real investing journeys, including buying companies early based on valuation, free cash flow potential and the ability of large businesses to experiment, fail and still compound over time. His approach emphasises understanding business models deeply rather than reacting to short-term narratives.Ramneek also explains how he evaluates stocks through free cash flow and intrinsic value, drawing on frameworks popularised by Benjamin Graham and Warren Buffett. Using case studies like ITC Limited, he shows how market pessimism, regulatory barriers and long-term optionality can create powerful investment opportunities. From understanding opportunity cost and valuation multiples to building conviction and thinking probabilistically about growth, this episode offers a practical masterclass on how serious investors evaluate businesses and think about compounding wealth over decades.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this episode of Konversation with Kushal, host Kushal Lodha sits down with Raunak Onkar, Head of Research and Fund Manager at Parag Parikh Mutual Fund, whose journey began as an intern and grew into leading research at a firm managing ₹1.5 lakh crore in AUM. Having worked closely with legendary investors like Late Parag Parikh and Rajeev Thakkar, Raunak shares how investing is not just about chasing returns, but about discipline, patience, and building a long-term philosophy around wealth creation.The conversation dives deep into practical investing frameworks for young professionals—how to start with SIPs and index funds, why controlling lifestyle inflation matters, the importance of emergency funds, and why global diversification is essential for Indian investors. Raunak explains investing like progressing through levels of a video game, making complex financial concepts simple, relatable, and actionable for anyone starting their wealth creation journey. 💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this episode of Konversation with Kushal, Mr. Chintan Shah, Director at Ética Wealth Management, shares a complete masterclass on building long term wealth through disciplined investing and smart financial decisions. From starting with small SIPs to growing his net worth at 18 percent annually, he explains how shifting towards equity, increasing SIPs with income growth, and making math driven decisions helped him accelerate financial independence. He also breaks down asset allocation, the reality of market volatility, and why small caps are only for investors who can handle extreme drawdowns.The conversation dives into real world money mistakes families and young earners make, including chasing past returns, managing portfolios without expert help, and falling into the zero cost EMI lifestyle trap. Chintan also shares practical hacks on credit card rewards, saving on travel, planning investments during market crashes, and measuring success through overall net worth instead of single asset returns. This episode is a complete guide to smarter investing, better money habits, and building wealth that lasts.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy #creditcards #sip

In this episode of Konversation with Kushal, Karan Datta joins Kushal Lodha for a hard-hitting conversation on war, terrorism, and their real economic consequences. From the US–Iran–Israel conflict to the concept of state-sponsored terrorism, this episode breaks down how modern wars are no longer just political — they directly hit GDP, investments, inflation, and global markets.What does a single terrorist attack cost an economy? Why are wars now being fought through economic choke points like oil, gas, and trade routes? And how do these conflicts quietly impact your portfolio, fuel prices, and long-term wealth creation? This episode connects geopolitics to your money like never before making it clear why understanding war is no longer optional for investors.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#kushallodha #karandatta #geopolitics #war #globalconflict #stockmarketindia #investingindia #economy #oilprices #inflation #worldwar3 #marketcrash #financialmarkets #wealthcreation #indiainvesting

In this episode of Konversation with Kushal, host Kushal Lodha sits down with Ankit Avasthi, Founder of Ankit Inspires India & Bazaar Ki Baatein, to decode how geopolitics, global power structures, and economic decisions shape financial markets and investment outcomes. From breaking down America’s dominance through military, economic, and cultural power to analyzing the real intent behind Donald Trump’s policies, Ankit offers a sharp, no-nonsense lens on how global narratives influence asset classes like gold, equities, and currencies.The conversation dives deep into how wars, dollar strength, and geopolitical uncertainty impact Indian stock markets, FII flows, and investor sentiment. Ankit also explains why volatility often creates opportunity, how historical shifts like the 1991 reforms changed India’s market trajectory, and what today’s investor should focus on amid global chaos. If you want to understand markets beyond charts and numbers and see the bigger macro picture driving your investments, this episode is a must-watch.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this episode, we sit down with Ankit Agrawal, Educator at StudyIQ IAS, to deep dive into the Iran Israel war of 2026, one of the most complex and high-stakes geopolitical conflicts of our time. From the initial US and Israel strikes on Iran’s leadership and nuclear infrastructure to Iran’s retaliation through missiles, drones, and attacks on global oil routes, this conversation breaks down what is really happening beyond the headlines. We decode the real motives including oil control, China containment, and regional dominance, and explain why this is not just a Middle East conflict but a global economic shockwave impacting every country, including India.We also explore the bigger picture. Why there are no real winners in this war, how fragile ceasefires continue to keep tensions alive, and how this conflict could reshape global power dynamics in the coming years. Towards the end, Ankit connects these insights to UPSC preparation, sharing how to think about geopolitics, build strong analytical frameworks, and approach current affairs for Prelims, Mains, and interviews. If you want to understand international relations beyond textbooks, this episode is a must watch.#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this episode of Konversation with Kushal, we sit down with Mr. B. Gop Kumar, Managing Director & CEO of Axis Mutual Fund, who manages over ₹3.75 lakh crore in assets. From how professional fund managers pick stocks to the biggest mistakes retail investors make, this conversation breaks down investing into simple, actionable insights. He shares his framework of focusing on quality, growth, cash flows, and low debt businesses, along with why consistency matters more than chasing top returns.We also dive into real estate vs renting, the psychology of Gen Z investors, the dangers of speculation, and why most people fail to build long-term wealth. Gop Kumar explains sectoral opportunities in India, including manufacturing, BFSI, and consumption, while also highlighting risks in small caps and the importance of asset allocation. If you want to think like a fund manager and build wealth the right way, this episode is a must watch.💡Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this episode of Konversation with Kushal, we sit down with Kedar B, Founder of Congruence Advisers, to decode what it really takes to build long-term wealth in the stock market. From turning early bets like Kajaria, Cera, and Amara Raja into 5x returns to identifying a 75x winner in APL Apollo, Kedar breaks down the mindset, frameworks, and discipline behind consistent compounding. He shares how spotting high-growth businesses at reasonable valuations and holding them through cycles can completely transform your financial journey.We go deep into small-cap investing, portfolio construction, market cycles, and the importance of balancing fundamentals with technicals. Kedar also reveals his personal playbook: how to identify multibaggers, when to cut losses, and why most investors fail by constantly switching strategies. If you want to think like a serious investor, understand market psychology, and build a portfolio that compounds at 25–30% over time, this episode is packed with real, actionable insights.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this episode of Konversation with Kushal, host Kushal Lodha sits down with Jiten Parmar, Founder of Aurum Capital, to decode the real playbook of long-term wealth creation in the stock market. From making his first investment in the US markets in 1993 to generating over 29%+ CAGR across decades, Jiten shares powerful insights on identifying multibaggers, the importance of position sizing, and how cycles in business, markets, and the economy truly drive returns.This conversation goes deep into practical investing frameworks, understanding demand-supply cycles, avoiding valuation traps, timing entry and exit, and managing risk through portfolio allocation. Whether it’s spotting a 650x winner, navigating cyclical sectors like capital goods, or mastering the art of selling, this episode is packed with actionable wisdom for both beginners and seasoned investors looking to think differently and build lasting wealth.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

What does it really take to succeed in trading and why do 93% of traders lose money? In this episode of Konversation with Kushal, Vivek Bajaj, Founder of Elearnmarkets and StockEdge, shares hard-earned lessons from decades in the markets. From early losses to understanding why discipline, capital, and patience matter more than strategy, this conversation uncovers the uncomfortable truths most traders ignore.We also dive into why options trading can destroy wealth, why you realistically need ₹5 lakh+ to start seriously, and why becoming consistently profitable can take years, not months. If you’re navigating the markets or thinking about trading, this episode will help you avoid the mistakes that wipe out most investors and understand what it actually takes to win.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

In this episode of Konversation with Kushal, Kushal Lodha speaks with legendary investor Utpal Sheth, Chairman of TRUST Group and former CEO of RARE Enterprises, where he worked closely with the late Rakesh Jhunjhunwala for over 25 years. Utpal shares his journey from a modest childhood with financial constraints to becoming one of India’s most respected investors. He recalls early lessons from his father, the struggles of building a firm from scratch, the difficult decision to sell personal assets to repay investors, and the principles that shaped his approach to markets and life.The conversation dives deep into his investing philosophy. How great investors identify multibaggers, the importance of numbers, narratives and expectations, and the mindset required to hold winning investments for decades. Utpal also shares fascinating stories from his years working with Rakesh Jhunjhunwala, lessons from investments like Titan Company, and frameworks such as Type 1, Type 2 and Type 1.5 investing errors. Packed with insights on investing, leadership, culture and long-term thinking, this episode offers a rare look into how some of India’s greatest investors think and make decisions.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #SamirArora #InvestingWisdom #StockMarketIndia #WealthCreation #LongTermInvesting #FinancePodcast #InvestmentStrategy

If you’ve just cleared CA Inter and are confused about where to do your Articleship, this episode is for you. In this candid conversation on Konversation with Kushal, we break down the real differences between Big4 firms, mid-size firms, and small CA firms. From exposure and learning to work culture, stipends, and long-term career impact, our panel of CA articles shares their honest, unfiltered experiences to help you decide which path might be right for you.We also discuss the controversial realities of CA Articleship - is Big4 really worth the hype? Do firms sometimes exploit articles with long working hours and low stipends? And what should students prioritise: brand name, learning, or work-life balance? If you're about to start your Articleship journey, this discussion will give you the insights every CA student wishes they had earlier.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#ca #articleship #big4 #deloitte #kpmg #ernst