Wealth by Motilal Oswal

Samit Vartak is the Founder and CIO of SageOne Investment Managers. He has spent over two decades investing in businesses with strong earnings growth, long runways and the potential to compound wealth over many years. He describes investing not as picking stocks but as buying businesses, with discipline on how much to pay, how much to own, when to add, when to trim and when to walk away.

At SageOne, he manages roughly ₹8,900 crore with a concentrated portfolio built around a 20%+ earnings growth hurdle, with a focus on mid and small caps. In this conversation, he shares why India is a structural long-term story even as foreign investors look elsewhere, why the real growth sits in mid and small caps, how to read cash flows and judge promoters, how to size, trim and exit positions, and how losing his entire portfolio in the dotcom crash shaped his temperament.

Key topics covered:

• Why India could be a better long-term investment than Apple, Samsung or any single-theme market

• How India stayed resilient through the tariffs, the Iran-US war and the oil shock

• Why FIIs are looking elsewhere in the short term, and what could bring them back

• How India's market has widened: the 1,000th company has gone from ₹250 crore to over ₹3,000 crore market cap since 2019

• Why the real growth is in mid and small caps, and how deleveraging has made them less risky

• Why price-to-book can be more reliable than PE for small caps

• AI as a threat or an opportunity for India's talent pool and IT services

• Specialty chemicals, building materials and textile exports: the case for these themes

• The 20%+ earnings growth rule and why banks, FMCG and most IT stay out of the portfolio

• The valuation trap, the falling knife and the dangers of momentum investing

• How to evaluate a business: ROE, operating cash flow to profit, margin predictability

• Why he stays away from quick commerce and new-age tech, and why he's fine with FOMO

• How to assess promoters, spot red flags and identify real moats

• Losing his entire portfolio in the dotcom crash and what it taught him

• Samit Vartak's views on temperament, money and the long-term India story

Chapters

00:00 Introduction / Cold Open

02:29 Why India Is a Better Long-Term Bet Than Apple

04:36 India's Resilience: Tariffs, Wars and Record Earnings Growth

07:26 Why FIIs Are Ignoring India (For Now)

09:34 The Expanding Breadth of the Indian Market

11:20 Why the Real Growth Is in Mid and Small Caps

13:27 Are Small Caps Too Risky? The Post-COVID Deleveraging

15:08 Price-to-Book vs PE: Valuing Volatile Earnings

16:52 AI: Threat or Opportunity for India?

19:52 Inside the SageOne Portfolio: Specialty Chemicals and Building Materials

22:12 The Textile and Garment Export Theme

23:06 The 20% Earnings Growth Rule: Why No Banks, FMCG or Autos

24:22 Building Your Own Portfolio: How to Evaluate a Business

29:07 Why "Cheap" Doesn't Mean a Good Buy

32:17 The Biggest Investor Traps: Valuation Trap and Falling Knives

35:48 Asset Allocation and Diversification

38:16 The Dotcom Crash: Losing Everything and the Guilt

41:28 Lessons from the Crash: Understand the Business and the Valuation

46:17 When to Trim and Add: The APL Apollo Example

48:07 Why Exit a Stock: The EID Parry Example

49:18 IT Services and AI: Persistent, Coforge and the Growth Hurdle

51:10 Valuing Expensive Winners Like TVS Motor

52:53 JOMO: Why Stay Away from Quick Commerce and New-Age Tech

55:00 Have Traditional Value Frameworks Become Inadequate?

57:22 Reading an Annual Report: Why Cash Flow Matters

59:11 How to Assess Management and Spot Promoter Red Flags

01:03:19 How to Spot a Real Moat

01:04:42 How Much to Allocate to a High-Conviction Stock

01:06:24 When to Exit a Multibagger

01:07:36 Regrets: Bajaj Finance and Holding On Too Long

01:10:21 Temperament: Having the Guts to Ride the Cycle

01:13:06 Samit Vartak's Relationship with Money

01:15:11 Rapid Fire Round

Building wealth isn't about shortcuts; it's about learning from people who've actually created it.

Wealth by MO brings you deep, meaningful conversations with India's most influential wealth creators — founders, CEOs, fund managers, and domain leaders.

Every episode gives you:

Real wealth-creation frameworks

Business insights from top founders

Investment lessons for long-term success

Mindset, risk-taking & decision-making wisdom

Decades of experience broken into actionable learning

Whether you're an investor, professional, or entrepreneur, this channel helps you understand how wealth is built from the people who've done it.

📌 Subscribe for:

Wealth-building insights, leadership wisdom, investing journeys, founder stories, market perspective, and long-term planning.

#WealthCreation #BusinessLeadership #InvestingInsights #WealthByMO #SageOne #SamitVartak #SmallCaps #MidCaps #FutureOfInvesting #WealthBuilding #ValueInvesting #motilaloswal

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Sriram Iyer is the Managing Director and CEO of HDFC Pension Fund Management Limited. He has spent his career helping Indians understand and plan for retirement, and describes NPS not as a tax-saving box to tick, but as a long-term wealth creation tool.

At HDFC Pension Fund, he works closely on retirement product design, asset allocation frameworks, and investor education across salaried, self-employed and gig-economy segments. In this conversation, he shares his views on why retirement remains an afterthought for most Indians, how NPS is structured to work from birth to age 85, why real estate and gold shouldn't be mistaken for retirement assets, why NPS beats mutual funds on cost and flexibility for this specific goal, and why the real safe withdrawal rate in India is far lower than the West's popular 4% rule.

Key topics covered:

• Why retirement always gets whatever money is left over and the mindset shift needed

• India's ageing population: 12 crore Indians above 60 today, projected to cross 32 crore by 2047

• NPS Vatsalya and how NPS can work as a product from age zero to 85

• How often you should really review your NPS portfolio (hint: not as often as you think)

• Busting the myth that a home or gold stash is a retirement plan

• NPS vs Mutual Funds: tax dispensation, cost efficiency and the case for illiquidity as a feature

• How to choose a pension fund manager and when (not) to switch

• Why only 80 lakh Indians are in NPS despite 50 crore being employed

• EPF explained: its role, its limits, and the new 2026 contribution-cap guidelines

• Annuitization reduced from 40% to 20%: what the NPS reforms mean for you

• Why annuities are the only product that can outsource longevity risk

• The real safe withdrawal rate in India vs the global 4% rule

• The single biggest behavioural mistake that wrecks retirement outcomes

• Micro-contributions and how NPS is reaching gig workers

• Sriram Iyer's own retirement portfolio and philosophy

Chapters

00:00 Introduction / Cold Open

02:05 Why Retirement Is Always an Afterthought

03:35 India's Ageing Population and the Case for Urgency

05:23 Starting from Age Zero: NPS Vatsalya and the YOLO Mindset

06:56 Building a Retirement Corpus: Where NPS Fits

08:20 How Often Should You Really Review Your NPS Portfolio?

12:46 Busting the Real Estate and Gold Retirement Myth

15:00 NPS vs Mutual Funds: What's the Real Edge?

19:05 Choosing (and Changing) Your Pension Fund Manager

22:26 The 80 Lakh Subscriber Problem: How Much Should You Save?

25:03 EPF Explained: Its Role for the Young Salaried Employee

30:09 NPS Reforms: Annuitization Cut from 40% to 20%

33:18 Annuities: The Only Product That Guarantees Lifetime Cash Flow

33:24 Safe Withdrawal Rate: Why India Isn't the US

34:10 The Biggest Retirement Mistake: Starting Too Late

35:10 Micro-Contributions and the Gig Economy Opportunity

36:52 Sriram Iyer's Personal Retirement Playbook

38:41 Rapid Fire Round

Building wealth isn't about shortcuts; it's about learning from people who've actually created it.

Wealth by MO brings you deep, meaningful conversations with India's most influential wealth creators — founders, CEOs, fund managers, and domain leaders.

Every episode gives you:

• Real wealth-creation frameworks

• Business insights from top founders

• Investment lessons for long-term success

• Mindset, risk-taking & decision-making wisdom

• Decades of experience broken into actionable learning

Whether you're an investor, professional, or entrepreneur, this channel helps you understand how wealth is built from the people who've done it.

📌 Subscribe for:

Wealth-building insights, leadership wisdom, investing journeys, founder stories, market perspective, and long-term planning.

#WealthCreation #BusinessLeadership #InvestingInsights #WealthByMO #HDFCPensionFund #RetirementPlanning #NPS #EPF #FutureOfInvesting #WealthBuilding #PensionFunds #MotilalOswal

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In this conversation with Ahana Gautam, Founder and CEO of Open Secret, India's fast-growing "unjunking" snacks brand doing 200+ crores in revenue and backed by Sixth Sense, Matrix Partners and a fresh 50 crores from Desai Brothers Group. We talk about her journey from a small town in Rajasthan to IIT Bombay, Harvard Business School, and a fast-tracked corporate career at P&G and General Mills and how she walked away from all of it with two lakh rupees from her mother and an idea.

Ahana openly shares how she built a better-for-you snacking company from scratch in one of India's toughest categories including the real struggles behind the scenes, what it cost her, where the industry gets it wrong, and what finally made Open Secret work.

Key topics covered:

Why she left a comfortable life in the US to build Open Secret

Falling in love with the mission, not just the product

Cracking taste parity with maida-and-palm-oil-based snacks

Building a workforce that's 50% women, including the shop floor

Sizing India's ₹250 billion packaged food opportunity

Winning over investors and knowing when to raise capital

Lessons from staying CM2-profitable while scaling 100% YoY

Honest views on distribution, quick commerce, and what kills most D2C food brands

Whether you dream of building a consumer brand or just love a great founder story, this conversation is packed with honest and practical lessons on building something real from scratch.

Chapters

00:00 — Coming up

02:34 — Introducing Ahana Gautam & Open Secret

02:53 — Growing Up in Rajasthan to IIT Bombay & Harvard

05:57 — The Foxtar Studios Detour Into Storytelling

08:17 — Leaving a Stable Life: Family & Peer Reactions

11:15 — What Building a Company Taught Her That No Job Could

13:08 — Being a Woman Founder & Building a 50% Women Workforce

17:06 — Sizing India's Healthy Snacking Opportunity

20:06 — The ₹250 Billion Packaged Food Market

23:15 — Is Competition in Better-For-You Snacking a Threat?

25:41 — Breaking Down LTV/CAC in the Food Business

27:29 — Why Palm Oil, Maida & Sugar Dominate Indian Snacks

29:35 — The Real Cost of Clean-Label Ingredients

32:07 — Who Owns India's Snacking Market Today

35:31 — The Biggest Manufacturing Myth in Healthy Snacks

36:56 — Is Unhealthy Snacking a Habit Problem or Access Problem

38:37 — What Genuinely Healthier Snacking Looks Like at Scale

40:02 — Kids' Snacking: Different Ingredients or Just Positioning

42:22 — Maharashtra's FDA Crackdown & What It Means for Brands

44:06 — FSSAI's Ban on "100% Natural" Claims

45:37 — Open Secret's First Product & the Obsession With Taste

47:01 — The First Thing Every Aspiring Food Founder Should Know

48:54 — How Much to Spend on Marketing (And When)

50:08 — Starting From Scratch: The First Steps to Take

51:39 — Bootstrapped vs Raising External Capital

52:28 — What Founders Must Know Before Taking Investor Money

53:49 — Selling Out vs Staying Independent

55:13 — When Should You Actually Take the Leap

56:42 — The Biggest Mistake D2C Brands Keep Making

58:26 — The Financial Metrics Every Founder Must Track

1:00:43 — What She'd Do Differently

1:02:47 — How Much Revenue Should Go Back Into Growth

1:04:02 — The Ideal Channel Mix From Day One

1:05:07 — Realistic Customer Acquisition Costs

1:06:10 — Distribution vs Retention: Where to Focus First

1:07:34 — A D2C "Best Practice" Worth Ignoring

1:08:16 — Advice for Founders Starting Out Today

1:09:00 — Rapid Fire Round

Building wealth isn't about shortcuts it's about learning from people who've actually created it. Wealth by MO brings you deep, meaningful conversations with India's most influential wealth creators, founders, CEOs, fund managers, and domain leaders.

Every episode gives you:

Real wealth-creation frameworks

Business insights from top founders

Investment lessons for long-term success

Mindset, risk-taking & decision-making wisdom

Decades of experience broken into actionable learning

Whether you're an investor, professional, or entrepreneur, this channel helps you understand how wealth is built from the people who've done it.

📌 Subscribe for: Wealth-building insights, leadership wisdom, investing journeys, founder stories, market perspective, and long-term planning.

#WealthCreation #BusinessLeadership #InvestingInsights #WealthByMO #motilaloswal

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#wealthbymotilaloswal #motilaloswal #leadershippodcast #founderstories #businessinsights #startupjourney #AhanaGautam #OpenSecret #D2CIndia #WealthByMO #IndianEntrepreneur #HealthySnacking #D2CIndia #StartupIndia #D2CBrand #IndianStartup #WomenFounders #ModernIndianRetail #BusinessPodcast #IndianBusinessman #MoneyTalks #IndiaBusinessPodcast #FounderStory #StartupFounder

Raamdeo Agrawal is the Chairman of Motilal Oswal Financial Services Ltd. He co-founded the firm in 1987 with Motilal Oswal, starting as a sub-broker on the floor of the Bombay Stock Exchange with zero capital, and has spent nearly four decades building it into a diversified financial services conglomerate spanning broking, asset management, private equity, investment banking, wealth management and home finance.

He is the architect of the QGLP framework (Quality, Growth, Longevity, Price) and the buy-right-sit-tight investment philosophy that has shaped a generation of Indian investors. Since 1996, he has led the annual Motilal Oswal Wealth Creation Study and authored Corporate Numbers Game and The Art of Wealth Creation. In this conversation, he shares his views on the making of his investing philosophy, why India remains a long-term structural bull market, the difference between price and value, how AI will reshape (but not replace) human judgement, and the lessons from four decades of compounding capital and conviction.

✅ Key topics covered:

• How he built his foundation with zero capital and no market background

• Reading balance sheets from an odd-lot dealer before research existed in India

• The Bharti Airtel story spotting a lakh-crore opportunity in a 5,000-crore stock

• Price vs value: Buffett's principle applied to real Indian markets

• Why India will be the world's most crowded capital market in a decade

• Designing your day for long-term productivity and focus

• Building a customer-first culture and the 1987 mission statement

• Handing over power to professionals outside the family

• Going public — "the biggest wonder of the world"

• Will AI make humans redundant, or just more powerful?

• Three core principles every new investor should follow

• Philanthropy, giving back, and lessons for the next generation

⏱️ Chapters

00:00 Cold Open

01:25 Guest Introduction: Raamdeo Agrawal

03:23 Starting With No Capital, No Background — Where the Self-Belief Came From

04:41 The First Office: Two Bosses, One Peon, One Telephone

05:57 Learning the Market With His Brother's Money

07:19 Reading Balance Sheets From the Odd-Lot Dealer

08:33 Financial Fiction Before Buffett and Munger

11:48 Building a Solid Foundation, Brick by Brick

13:09 Inventing an Indian Playbook From American Capitalism

15:22 The Macro Case for Being an India Bull

16:51 What Will Drive India's Growth for the Next 100 Years

17:54 Staying Optimistic Through Wars, Headlines and Market Noise

20:38 Price Is What You Pay, Value Is What You Get

21:25 The Bharti Airtel Story: From ₹5,000 Crore to a Lakh Crore

27:01 Sizing Bets and the Emotional Discipline of Conviction

28:37 Managing Private Money vs Public Money

29:41 Why Designing Your Day Matters

33:51 The 1987 Mission Statement and a Customer-First Culture

37:01 From Bucket Shop to T+1: Four Decades of Market Transformation

39:02 Staying Relevant Through the AI Disruption

41:26 How the Investing Profession Has Changed in 40 Years

43:37 Will AI Be the Master or the Servant?

44:58 Sharing Power: Professionals Over Bloodline in Family Business

47:53 Going Public: "The First Wonder of the World"

48:44 What He's Teaching and Learning From the Next Generation

49:45 Personally Keeping Up With AI Tools

51:05 Three Books That Shaped an Investing Career

54:31 Three Core Principles for a First-Time Investor

57:48 Philanthropy: Learning How to Give

1:00:05 The Vision for the Next 40 Years

Building wealth isn't about shortcuts — it's about learning from people who've actually created it.

Wealth by MO brings you deep, meaningful conversations with India's most influential wealth creators — founders, CEOs, fund managers, and domain leaders.

Every episode gives you:

• Real wealth-creation frameworks

• Business insights from top founders

• Investment lessons for long-term success

• Mindset, risk-taking & decision-making wisdom

• Decades of experience broken into actionable learning

Whether you're an investor, professional, or entrepreneur, this channel helps you understand how wealth is built from the people who've done it.

📌 Subscribe for:

Wealth-building insights, leadership wisdom, investing journeys, founder stories, market perspective, and long-term planning.

#WealthCreation #BusinessLeadership #InvestingInsights #WealthByMO #motilaloswal #QGLP #StockMarketIndia #RaamdeoAgrawal #FutureOfInvesting #WealthBuilding #MotilalOswal

Subscribe Here ➜ / @wealthbymo

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In this conversation with Saahil Goel, MD and CEO of Shiprocket, India's 106th unicorn and one of the country's leading e-commerce enablement platforms backed by Temasek, Zomato and PayPal Ventures. We talk about his journey from two failed startups to building the logistics backbone that powers over 2 lakh merchants across India.

Sahil openly shares how he went from burning through investor money on Cart Rocket and Craftly to launching Shiprocket and solving the "where's my order" problem — including the real struggles behind the scenes, what it cost him, where they went wrong, and what finally made it work.

Key topics covered:

• Why Cart Rocket and Craftly failed before Shiprocket took off

• Falling in love with the problem, not the product

• Cracking India's cash-on-delivery and last-mile logistics puzzle

• Winning over investors after 200 failed pitches

• Lessons from bleeding cash on purpose to fund growth

• Cracking pricing, ad spend and repeat customer economics

• Honest views on performance marketing, quick commerce, and what kills most D2C brands

Whether you dream of building a consumer-tech business or just love a great business story, this conversation is packed with honest and practical lessons on building something real from scratch.

Chapters

00:00 — Coming up

01:29 — Introducing Sahil Goel & Shiprocket

02:37 — Growing Up in an MSME Family

03:47 — Cart Rocket: Why India's "Shopify" Failed

04:56 — Pivoting to Craftly and Chasing the Real Problem

05:59 — Near-Death Moments & Staying Motivated

06:33 — The Shiprocket Brainchild: Solving "Where's My Order"

08:18 — Building the Multi-Courier Network Across India

09:46 — Why Data Collection Became the Real Moat

12:26 — Winning Over Temasek, PayPal Ventures & More

14:51 — Becoming India's 106th Unicorn in 2022

15:38 — Inside the Numbers: Revenue, Burn & Profitability

17:33 — Why Burning Cash Was a Design Choice

19:08 — Competition: Quick Commerce & Gig Delivery Fleets

22:42 — Where D2C Founders Bleed Money Without Realizing It

25:19 — What Percentage of Revenue Should Go to Logistics

26:39 — Why You Shouldn't Run Ads in Your First 3–6 Months

28:10 — How D2C Brands Can Actually Leverage AI

31:11 — Finding a Co-Founder & Building the Right Team

33:01 — Near-Death Experiences and Betting the Farm

35:34 — The Ideal Ad Spend and ROAS Benchmark

37:17 — The Investor Meetings That Made (and Broke) Shiprocket

39:49 — Degrees, Mentorship & the "Will Over Skill" Philosophy

42:01 — Why You Must Fall in Love With Your Customer

42:51 — The Biggest Mistakes D2C Founders Make

43:40 — Meeting Every Single Customer, Every Time

45:12 — How to Know When You're Crossing the Line on Losses

48:16 — Letting Go of Control and Delegating to the Right People

50:27 — The Best Advice Sahil Ever Received

51:45 — Avoiding Founder Rivalry With Gautam

53:45 — The Future of India's D2C Market

56:17 — The Vision: Powering Every MSME Transaction in India

57:53 — Rapid Fire Round

Building wealth isn't about shortcuts it's about learning from people who've actually created it. Wealth by MO brings you deep, meaningful conversations with India's most influential wealth creators, founders, CEOs, fund managers, and domain leaders.

Every episode gives you:

• Real wealth-creation frameworks

• Business insights from top founders

• Investment lessons for long-term success

• Mindset, risk-taking & decision-making wisdom

• Decades of experience broken into actionable learning

Whether you're an investor, professional, or entrepreneur, this channel helps you understand how wealth is built from the people who've done it.

📌 Subscribe for: Wealth-building insights, leadership wisdom, investing journeys, founder stories, market perspective, and long-term planning.

#WealthCreation #BusinessLeadership #InvestingInsights #WealthByMO #motilaloswal

Subscribe Here ➜ / @wealthbymo

Explore Our Other Channels:

Markets by Motilal Oswal ➜ / @marketsbymo

Trades with Motilal Oswal ➜ / @breakoutwithmo

Learn with Motilal Oswal ➜ / @learnwith_mo

Partners at Motilal Oswal ➜ / @partnersatmotilaloswal

📲 FOLLOW US ON Instagram ➜ / wealthbymo_official

Download the RIISE App: https://moriseapp.onelink.me/VgB3/8s6...

#wealthbymotilaloswal #motilaloswal #leadershippodcast #founderstories #businessinsights #startupjourney #SahilGoel #Shiprocket #D2CIndia #WealthByMO #IndianEntrepreneur #LogisticsIndia #EcommerceIndia #StartupIndia #D2CBrand #IndianStartup #UnicornStartup #ModernIndianRetail #BusinessPodcast #IndianBusinessman #MoneyTalks #IndiaBusinessPodcast #FounderStory #StartupFounder

Kirtan Shah is the Founder and CEO of Truvanta Wealth. He has spent his career demystifying personal finance for the Indian investor, with experience spanning the boardroom of a BSE-listed NBFC to building Truvanta Wealth from the ground up.

At Truvanta, he works closely with investors on portfolio construction, behavioral discipline, and goal-based allocation across equity, gold and global markets. In this conversation, he shares his views on why India

✅ Key topics covered:

• Why India underperformed over the last two years and why the

• Breaking down the AI opportunity: LLM models, infrastructure and enterprise solutions

• How Chinese open-weight models are disrupting the global AI trade

• Why India's IT services sector could be a contrarian comeback

• FII outflows, domestic SIP flows, and the case for India as the "anti-AI trade"

• The ideal portfolio split: 70% domestic equity, 15% gold, 15% Nasdaq

• Matching investment style (value, momentum, growth) to large, mid and small cap

• Busting myths about global diversification and "FOMO"

• Gen Z investing habits, financial influencers, and the crypto debate

• Risk management, health insurance and emergency corpus before investing

• The FIRE movement and what actually happens after early retirement

• Leverage, debt traps, and the rent-vs-buy decision

⏱️Chapters

00:00 Introduction / Cold Open

02:26 Why India Hasn't Made Money in the Last Two Years

04:04 The Case for Investing in India Now

04:39 Breaking Down AI: LLM, Infrastructure & Enterprise Layers

06:09 How Chinese Models Are Disrupting the AI Trade

08:42 The Infrastructure Story: China's Semiconductor Leap

10:08 Why India Benefits: The Enterprise Solution Layer

13:00 Have We Missed the AI Opportunity?

14:42 IT Services: Recency Bias and the Contrarian Bet

17:48 Valuations, MSCI Weight and Why India Is Undervalued

19:43 Domestic Liquidity: How SIPs Cushioned the Fall

20:25 FII Outflows Reversing: The Data Trend

22:10 Ideal Portfolio Allocation: The 70-15-15 Framework

23:14 Why Gold Belongs in Every Portfolio

26:01 Is Global Investing Just FOMO?

29:16 The Real Challenges of Investing Abroad

30:00 Why Nasdaq Over Other Global Markets

32:06 Splitting Domestic Equity: Large, Mid & Small Cap

33:26 Common Mistakes Young Investors Make

35:21 The Step-Up SIP Math

36:09 Value, Momentum & Growth: Matching Style to Market Cap

41:31 Busting Myths About Gen Z and Saving

44:01 The Danger of Unqualified Financial Influencers

46:19 Should Gen Z Invest in Crypto?

49:12 Risk Management Before Investing

52:44 Why Health Insurance Is Non-Negotiable

54:23 The FIRE Movement: What Happens After You Retire Early

57:12 Can AI Replace a Financial Advisor?

59:23 Goal-Based Investing for Every Age Group

1:01:22 Smart Leverage vs. Debt Trap

1:02:52 Rent vs. Buy: The Practical and Emotional Debate

1:06:12 Gold's 30% Correction: Buy the Dip?

1:10:53 Choosing the Right Mutual Fund Category

1:11:51 Rapid Fire Round

Building wealth isn't about shortcuts it's about learning from people who've actually created it.

Wealth by MO brings you deep, meaningful conversations with India's most influential wealth creators — founders, CEOs, fund managers, and

Every episode gives you:

• Real wealth-creation frameworks

• Business insights from top founders

• Investment lessons for long-term success

• Mindset, risk-taking & decision-making wisdom

• Decades of experience broken into actionable learning

Whether you're an investor, professional, or entrepreneur, this channel helps you understand how wealth is built — from the people who've done

📌 Subscribe for:

Wealth-building insights, leadership wisdom, investing journeys,

#WealthCreation #BusinessLeadership #InvestingInsights #WealthByMO

Subscribe Here ➜  / @wealthbymo  

 Explore Our Other Channels:

Markets by Motilal Oswal ➜/ @marketsbymo  

Trades with Motilal Oswal ➜   / @breakoutwithmo  

Learn with Motilal Oswal ➜  / @learnwith_mo  

Partners at Motilal Oswal ➜  / @partnersatmotilaloswal  

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 #wealthbymotilaloswal #motilaloswal #leadershippodcast

Aashish Sommaiyya is the ED and CEO of White Oak Capital Asset Management Limited. He brings over two decades of experience navigating Indian and global markets, having built his career across major institutions including ICICI Prudential Mutual Fund and Motilal Oswal.

At White Oak, he oversees a research-driven, analyst-led investment process (35+ analysts covering ~1,100 companies) built around relative-return portfolio construction, capital-light free cash flow valuation, and a strong behavioral-finance lens on investing.

In this conversation, he shares his views on where Indian markets stand today, sector opportunities in manufacturing, healthcare and IT, how to approach global diversification, gold allocation, fund selection criteria, and the psychological discipline required to stay invested through market cycles.

Key topics covered:

• Why the worst may be behind Indian markets despite a turbulent two years

• The case for multi-cap funds for first-time investors

• Manufacturing, industrials, healthcare and financials as overweight sectors

• Global diversification — timing, allocation, and common mistakes

• FII outflows and what triggered their reversal

• Crude oil volatility and its market impact

• The IT sector's comeback and changing sector leadership

• India's role in the AI capex cycle

• Gold as a portfolio diversifier

•Building a portfolio from a first salary to a mature allocation

• How to evaluate and choose mutual funds (consistency over highest returns)

• Why PE ratio is a flawed indicator of value

• When to sell a stock vs. when to exit an underperforming fund

• Behavioral investing, EQ, and staying in the game

• Three career-spanning lessons from two decades in markets

Chapters

00:00 Introduction / Cold Open

02:04 Guest Introduction: Aashish Sommaiyya

02:28 Is the Worst Behind Us for Indian Markets?

04:21 Where Should You Invest Today: The Case for Multi-Cap

05:47 Why Corporate Earnings Held Up Despite a Flat Market

07:02 Sector Bets: Manufacturing, Industrials & Portfolio Construction

09:35 Healthcare: A Broad, Low-Beta Outperformer

11:46 Global Diversification: Why Timing Matters

16:47 Why Even India-Focused Investors Need Global Exposure

19:06 Building a Global Portfolio: Optimize, Don't Maximize

21:32 FII Outflows: What Changed and Why They Returned

24:49 Crude Oil Outlook and Price Volatility

26:31 Financials: Beyond Banks — Insurance, AMCs & Wealth Management

27:55 Bottom-Up Stock Picking: Where the Alpha Is Hiding

29:20 The IT Sector Comeback, Explained

32:52 AI Opportunities in the Indian Market

35:19 Gold Allocation for a Young Investor

38:38 Designing a Portfolio for a First-Time Investor (₹25–30k Salary)

39:47 Diversifying Beyond Multi-Cap as Income Grows

42:04 How to Choose a Fund: Consistency Over Highest Returns

50:49 Why PE Ratio Is a Myth as a Value Indicator

53:41 When to Sell: Exit Discipline

55:22 Underperforming Funds: Bad Patch or Game Over?

58:17 Should Market-Cap Allocation Chase What's Working?

59:38 Behavioral Investing: Managing IQ and EQ

1:02:16 What Return Should Investors Realistically Expect?

1:03:22 Three Biggest Career Learnings

1:08:03 Final Takeaway for Young Investors

1:08:30 Rapid Fire Round

Wealth by MO brings you deep, meaningful conversations with India's most influential wealth creators — founders, CEOs, fund managers, and domain leaders.

Every episode gives you:

• Real wealth-creation frameworks

•Business insights from top founders

• Investment lessons for long-term success

• Mindset, risk-taking & decision-making wisdom

• Decades of experience broken into actionable learning

Whether you're an investor, professional, or entrepreneur, this channel helps you understand how wealth is built from the people who've done it.

#AashishSommaiyya #WhiteOakCapital #Investing #PersonalFinance

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What separates a booming real estate market from a bubble waiting to burst?

In this episode, Anuj Puri, Chairman & Founder of ANAROCK Group, breaks down the real story behind India's real estate boom after 30+ years reading the market from running JLL India's 9,000-person team to building Anarock from zero in 2017. Anuj takes us through why luxury housing is soaring while affordable housing collapses, how the biggest developers have quietly wiped their balance sheets clean, what actually separates a smart real estate investment from a bad one, and what India can learn from Dubai, Singapore, and New York.

⏱️ Chapters

00:00 – Teaser

Topics

Building wealth isn't about shortcuts  it's about learning from people who've actually created it. Wealth by MO brings you deep, meaningful conversations with India's most influential wealth creators, founders, CEOs, fund managers, and domain leaders.

Every episode gives you: • Real wealth-creation frameworks • Business insights from top founders • Investment lessons for long-term success • Mindset, risk-taking & decision-making wisdom • Decades of experience broken into actionable learning

Whether you're an investor, professional, or entrepreneur, this channel helps you understand how wealth is built from the people who've done it

📌Subscribe for: Wealth-building insights, leadership wisdom, investing journeys, founder stories, market perspective, and long-term planning.

#WealthCreation #BusinessLeadership#InvestingInsights #WealthByMO #motilaloswal Subscribe Here ➜ /@wealthbymo Explore Our Other

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What separates a good startup from a great one, years before the

From spotting Zomato and Blinkit in their earliest days to the five-IPO run in eight weeks in 2025, Sakshi breaks down what actually makes a founder fundable, why execution  not the idea is the only real moat, and where she's placing her bets across consumer and fintech right now.

Chapters

00:00 – Teaser

01:25 – Introducing Sakshi Chopra & Peak XV's Track Record

02:41 – Sakshi's Journey: From Banking to Venture Capital

04:08 – Why India Is Still Just Getting Started

05:02 – What's Working in India's Favor (and What Isn't)

06:00 – Convincing Founders to Take VC Money in 2011

07:26 – Peak XV's IPO Track Record & Selection Process

09:54 – Core Focus Sectors: FinTech, Consumer & AI

11:31 – Big Wins: Groww, Nio, Eternal, Blinkit, Meesho

12:52 – Reading Consumer Behavior on the Ground

13:18 – The Premiumization Trend in Tier 2 & Tier 3 India

15:13 – Quick Commerce's Next Growth Frontier

15:25 – Why Gen Z Spending Power Can't Be Ignored

17:49 – Masterclass: How to Stand Out in a Crowded Market

19:52 – Should Founders Chase Hot Trends Like AI?

20:27 – Competing in an Already Proven Market

21:42 – What Separates Good Founders From Great Ones

23:00 – Why 70-90% of Startups Fail

24:07 – Case Study: Backing Indigo Paints

26:18 – Peak XV's 5-Point Founder Checklist

29:34 – How Peak XV Approaches Valuation

30:52 – Case Study: Scapia and Closed-Loop Travel Credit

32:13 – Trusting Intuition Over Data: The Nuvama Story

35:09 – How the Founder Profile Has Evolved in India

37:08 – Why Peak XV Wrote a $35M Check Into a Young Company

39:08 – The Next Big Categories in Consumer & FinTech

41:27 – India's $16B VC & Growth Equity Market

42:38 – How AI Is Reshaping Portfolio Companies

43:17 – Peak XV's Outlook on India

43:37 – Rapid Fire Round

46:00 – Recap & Conclusion

Building wealth isn't about shortcuts it's about learning from people who've actually created it. Wealth by MO brings you deep, meaningful

Every episode gives you:

• Real wealth-creation frameworks

•Business insights from top founders

• Investment lessons for long-term success

• Mindset, risk-taking & decision-making wisdom

• Decades of experience broken into actionable learning

Whether you're an investor, professional, or entrepreneur, this channel helps you understand how wealth is built — from the people who've done

📌 Subscribe for: Wealth-building insights, leadership wisdom, investing journeys, founder stories, market perspective, and long-term planning.

#WealthCreation #BusinessLeadership #InvestingInsights #WealthByMO

Subscribe Here ➜/ @wealthbymo

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Trades with Motilal Oswal ➜/ @breakoutwithmo

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In this conversation with Kabir Siddiq, Founder of Sleepy Cat, one of

Kabir openly shares how he went from a failed ₹40-45 lakh bet in his father's furniture business to launching Sleepy Cat with just ₹2 lakhs and 30 mattresses — including the real struggles behind the scenes, what it cost him, where they went wrong, and what finally made it work.

 Key topics covered:

• Why he left banking and a failed stint in his father's business

• How he bootstrapped Sleepy Cat with just ₹2 lakhs

• Why the Indian mattress industry was broken

• The 100-night trial that built trust with zero brand equity

• Lessons from going from profit to losses (and back to profit)

•Cracking pricing, logistics and in-house manufacturing

• Honest views on performance marketing, quick commerce, and what kills most D2C brands

Whether you dream of building a consumer brand or just love a great

Chapters

00:00 — Introduction

02:43 — Why He Left Banking for Entrepreneurship

03:26 — Working With His Father & Losing ₹40-45 Lakhs

04:29 — Starting Sleepy Cat With Just ₹2 Lakhs

05:53 — Why the Mattress Industry in India Is Broken

06:56 — Being a One-Man Army ("Rahul From Customer Service")

07:49 — The Early Days on a ₹4 Lakh Budget

08:44 — Convincing the Naysayers & The 100-Night Trial

11:07 — The Compressed Mattress That Went Viral

12:28 — Why Sleep Is Now "Sexy" in India

14:50 — From Profit to Losses: The D2C Growth Paradox

16:53 — Cracking the Pricing & Logistics Model

18:28 — Betting on Technology and In-House Manufacturing

20:05 — Going Offline: Timing the Retail Expansion

20:51 — Giving Back: One Mattress for Every 10 Sold

21:30 — India's $300 Billion DTC Opportunity

23:30 — How Much to Spend on Performance Marketing

26:08 — The Role of Quick Commerce

26:25 — Building Trust From Zero Brand Equity

27:12 — Letting Go of Control as a Founder

28:27 — How to Know If You're on the Right Path

29:56 — Listening to Customer Feedback (Even When It Contradicts You)

30:47 — Biggest Lessons and Mistakes

32:01 — When to Raise Funding (and When Not To)

34:00 — Juggling Constant Fires as a Founder

35:39 — Why People and Culture Matter Most

37:15 — Busting the Biggest DTC Myth: "Offline Is the New Online"

39:44 — The Hardest Part of Running Sleepy Cat

40:31 — Sleepy Cat's Full Product Range

41:17 — The Vision for Sleepy Cat's Future

41:59 — Rapid Fire Round

46:01 — Key Takeaways

Building wealth isn't about shortcuts it's about learning from people who've actually created it. Wealth by MO brings you deep, meaningful conversations with India's most influential wealth creators founders, CEOs, fund managers, and domain leaders.

Every episode gives you:

• Real wealth-creation frameworks

•Business insights from top founders

• Investment lessons for long-term success

• Mindset, risk-taking & decision-making wisdom

• Decades of experience broken into actionable learning

Whether you're an investor, professional, or entrepreneur, this channel helps you understand how wealth is built — from the people who've done

📌 Subscribe for: Wealth-building insights, leadership wisdom, investing journeys, founder stories, market perspective, and long-term planning.

#WealthCreation #BusinessLeadership #InvestingInsights #WealthByMO

Subscribe Here ➜/ @wealthbymo

Explore Our Other Channels: Markets by Motilal Oswal ➜/ @marketsbymo

Trades with Motilal Oswal ➜/ @breakoutwithmo

Learn with Motilal Oswal ➜ / @learnwith_mo

Partners at Motilal Oswal ➜/ @partnersatmotilaloswal

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Download the RIISE App: https://moriseapp.onelink.me/VgB3/8s6...

#wealthbymotilaloswal #motilaloswal #leadershippodcast

Indian entrepreneur interview, D2C startup India, mattress brand