Video Description

In this episode of Konversation with Kushal, I sit down with Kirtan A. Shah, a wealth management expert who manages ₹2500 crores and has achieved an incredible 19.26% CAGR over 13 years. Kirtan shares his remarkable journey from earning ₹7000 as a telecaller to investing ₹6000 monthly in SIPs, eventually scaling to ₹13.5 lakhs per month. He breaks down the complex world of macro economics into one simple data point - inflation - and explains how it predicts the movement of every asset class from equities to gold to fixed income. What makes this conversation truly valuable is Kirtan's contrarian views and proven track record. He's the only person in India who predicted the Franklin Templeton crisis and helped clients exit before the crash. We dive deep into why he believes gold will correct, why FDs are actually risky, why F&O is a road to bankruptcy, and his winning 33-33-33 portfolio strategy across large, mid, and small caps. Kirtan also shares his biggest investment mistakes, including losing everything in Kingfisher, and explains why focusing on increasing your investable surplus is more important than chasing higher returns. #InvestmentStrategy #WealthCreation #MutualFunds 00:00 Introduction 02:04 Started investing at age 18 04:08 Manages ₹2500 crore wealth business 07:44 Inflation drives all asset movements 10:17 Central banks control macro decisions 12:23 Single data point predicts everything 17:46 Interest rates impact equity markets 20:27 Infrastructure costs rise, income stays same 22:24 FMCG/IT/Pharma remain stable sectors 24:17 Inflation weakens rupee currency value 27:42 Gold rises as inflation hedge 30:26 Bonds fall when rates rise 32:30 Asset movements are inversely related 36:28 Rupee appreciation attracts FII money 38:36 Russia-Ukraine war drove gold rally 40:02 Global trade 83% happens in dollars 41:41 Russia-Ukraine war triggered gold rally 42:28 US sanctions sparked global dedollarization 44:00 Central banks driving gold prices globally 44:52 Trump tariff wars increase inflation 47:32 Gold correction expected from overvaluation 51:45 Silver not hedge, linked to economy 53:45 Gold-silver ratio currently 1:102 1:00:31 Liquidity risk exists in locked investments 1:01:14 Higher returns mean hidden risks exist 1:02:03 Debt mutual funds solve problems 1:03:55 Long duration funds gave 12.39% returns 1:07:06 Credit risk funds target risky bonds 1:09:21 Rating system guides bond selection 1:12:17 Overnight funds replace savings accounts 1:16:15 Higher AUM better for debt funds 1:20:42 RBI targets 4-6% inflation range 1:21:17 PPF vs ELSS unfair comparison 1:22:55 Best return 23% CAGR midcaps 1:23:36 Kingfisher biggest investment mistake 1:25:41 Split equally across cap sizes 1:28:23 Three investment styles work cyclically 1:30:52 Value beats growth in expensive markets 1:36:13 Index funds safer than picking 1:40:47 Personal allocation 80% equity always 1:41:58 Aggressive investors need 80% equity 1:42:42 FD not risk-free biggest mistake 1:43:23 More funds means less diversification 1:44:08 F&O leads to bankruptcy 1:45:35 Focus on investable surplus increase 1:47:01 Twitter best source for learning 1:51:39 Predicted Franklin Templeton crisis correctly ➡ Order my book 'Acing CA' here: https://www.amazon.in/dp/8195816886?ref_=cm_sw_r_cp_ud_dp_X13KX7DBZEK4FDZ2ATBX ➡ Order my book 'Unlocking Unicorn Secrets' here: https://www.amazon.in/dp/0143461605?ref_=cm_sw_r_cp_ud_dp_2N298HH57745310Z4TAM Follow Kushal Lodha on Social Media: 📝 LinkedIn: https://in.linkedin.com/in/kushallodha548 📷 Instagram: https://www.instagram.com/kushallodha548/ 📱 Twitter: https://twitter.com/kushallodha548 Follow KAGR Club on Social Media: 📝 LinkedIn: https://www.linkedin.com/company/kagr-club/ 📷 Instagram: https://www.instagram.com/kagrclub/ Follow Kirtan Shah on Social Media - https://x.com/kirtanshahcfp?s=11 https://www.linkedin.com/in/kirtanshahcfp?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app #kushallodhac