The markets have been buzzing with activity — gold is outperforming equities globally, foreign investments are shifting, and India’s stock market seems to be in a league of its own. So, what’s driving these trends, and are we overlooking key signals?

That’s why in this episode, we’re breaking down the early signs and trends shaping both global and domestic markets.

Joining me again is Sahil Kapoor, Head of Products and Market Strategist at DSP Mutual Fund. With nearly two decades of experience, Sahil helps us decode the October DSP Netra report as we explore:

1. How gold and equity have performed in emerging economies

2. How India’s equity market stand against the rest of the emerging economies

3. What is driving the foreign investment flows and corporate funding in the country

4. Why promoters are selling small-caps and midcaps and what that means for you

5. Analyse how Chinese tech and Indian banking valuations stand

6. And how do the trends differ with consumer staples vs consumer discretionary.

Note: This content is for informational purposes only. None of the stocks, brands, or products mentioned are recommendations or endorsements.

We are again talking about financial advisors—RIAs and RAs—the folks who help us decide where to put our money. In our last episode, we spoke about the RIA landscape in India and how the latest SEBI consultation paper affects that. But the changes proposed in the paper don’t just talk about RIAs, but also about Research Analysts. To understand what’s going on and how SEBI's new rules impact this space, Mayank Bansal from Windmill Capital, who’s closely involved with the RA Association.

Here’s what we’re covering:

1. The evolution of the RA landscape in India in the last decade.

2. The hurdles they face under the current rules.

3. What SEBI's new proposals could mean for fees, KYC, and how they can operate.

Tune in as we break down into what these changes mean.

A lot has been happening in the markets. Some stocks are soaring, others are struggling, and many of us are wondering what's really going on behind the scenes.

Are we missing something important?

That's why today we're diving into the early trends and signs in our markets and economy. We'll be looking at everything from why some stocks are outperforming others, to how India's economic story is unfolding.

To help us make sense of all this, we have a special guest with us — Sahil Kapoor, Head of Products and Market Strategist at DSP Mutual Fund. With 17 years in finance, Sahil's the perfect guide to help us navigate these complex waters.

We'll be exploring key insights from DSP Netra's September report, covering:

1. The current market stability

2. Performance of mid and small cap stocks

3. The return of quality stocks

4. And broader economic trends affecting our markets

You can also watch this episode on YouTube: https://youtu.be/y1abYGeuvv0

If you’ve ever looked for financial advice—whether it’s figuring out where to invest your hard-earned money or planning for your future—you know how tricky it can be to find someone you can really trust.

It’s been over a decade since SEBI rolled out regulations for RIAs to ensure that investors get unbiased advice. But here’s the thing: there are just about 900 RIAs in India. Of this, most RIAs are stock tipsters, and if you just count the number of RIAs who do holistic financial advisory, maybe there are a couple of hundred, that's it. For context, we have 10 crore unique investors.

So, why is that number so low? What’s stopping more people from becoming RIAs? How will the proposed changes by SEBI affect the advisory ecosystem?

To make sense of all this, we spoke to Vivek Rege, a board member of the Association of Registered Investment Advisors (ARIA), who himself is an advisor with decades of experience in financial advisory. Vivek was also a part of the 14-member working group responsible for SEBI’s new consultation paper, which aims to ease the requirements for becoming an RIA.

In this conversation, Vivek shares his insights on:

1. The challenges faced by RIAs under the current regulatory regime

2. The evolution of RIA regulations over the past decade

3. The key highlights of the new SEBI consultation paper

4. The ongoing debate between RIAs and distributors, and the impact of “incidental advice”

5. The future of financial advisory in India and what more needs to be done to promote the profession

In the next episode, we will deep dive into the topic of Research Analysts (RAs).

You can also watch this video on YouTube: https://youtu.be/U337OtChBXo

You might have noticed that the Indian business landscape has been going through a lot of ups and downs—companies that once dominated the market have either evolved, disappeared, or been replaced by newer, more agile players. And it’s not just about individual companies; it’s about how the entire economy is shifting and adapting to new realities.

In this episode of The Big Perspective, we're taking a closer look at some of the big changes happening within India Inc. To help us make sense of all this, I had a great chat with Saurabh Mukherjea, one of the most respected voices in Indian finance. Saurabh is the Founder and Chief Investment Officer of Marcellus Investments and knows this space inside out. He’s seen how India’s corporate sector has changed from the liberalization days of the 1990s to today’s tech-driven world.

In our conversation, Saurabh shares his thoughts on:

1. The idea of creative destruction and why so many companies from the '90s have disappeared

2. How Indian companies are keeping up with rapid technological changes

3. The shift in corporate profits and what it means for the market overall

4. What it says about our economy that the market cap of India’s top 100 companies has doubled between 2015 and 2022

5. Why the stock market is hitting new highs and what it means for investors

6. What’s next for key sectors like IT and banking as they navigate these changes

7. Whether you’re into investing, curious about the economy, or just want to understand what’s happening with India’s business world, this episode has something for you.

You can also watch this episode on YouTube.

RBI has kept the repo rate unchanged for the ninth month in a row. And our inflation data seems to be weird. Headline inflation has been volatile. It increased to 5.1% in June after remaining steady at 4.8% during April and May. Food inflation has been sticky and rising, but core inflation is at its historic lows. India’s 10-year bond yield hit a 28-month low.

In short, weird events have happened since the pandemic ended and there has been no shortage of drama in the Indian bond market in the last 2-3 years.

To make sense of these events I spoke to Sandeep Yadav and Suyash Choudhary, Heads of Fixed Income Investments at DSP Mutual Fund and Bandhan AMC, respectively.

In his two decades of experience, Suyash has managed large fixed-income portfolios in places like Deutsche, HSBC and now Bandhan AMC. Suyash is probably one of the best debt fund managers in India and his long track record speaks for itself.      

Sandeep has 18 years of experience in the financial industry. He is a seasoned fund manager with deep expertise across credit analysis, portfolio management, and strategic asset allocation.

In this conversation, they share their views on:

- How the road ahead for inflation looks like

- How the participation of mutual funds, pension funds and the growing retail investors are changing the bond market

- Why RBI has been keeping the repo rate unchanged

- How geopolitical scenarios are impacting the global economy and how that affects India

- What are some of the good investing opportunities in the bond market for you right now

- And the big-picture view of where our economy is headed. 

You can also watch this episode on YouTube here.