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you're listening to a mint podcast brought to you by HD smartcast markets are hitting an all-time high and people are getting interested in the markets like never before and in this situation who better than to take advice from the market veteran himself Mr vij kadia welcome to why not mint money a personal finance podcast where we help you understand basic money Concepts and share strategies for you to build your wealth so let's get started with your money Journey hi sir thank you so much for coming for this interview sensex recently T 75,000 point and you know a lot of people are coming to the market and markets are evolving uh at a rapid PA right but when you first formulated your uh idea of picking stocks which you defined it calling it by by the name smile so has your investment philosophy changed and for new investors could you please explain what you mean when you say you follow the smile philosophy so first of all actually smile formula uh I created the word later on first I started investing in the market and later on I realized I looked back and I found that maybe I am following this formula it came by Instinct let me tell you I did not read it anywhere nobody taught me also whatever I observed whatever I uh learned from watching people observing people so it it happened with me what I would use this what it happened with me I did not not do it it happened later on I realized this maybe I am following this formula because I you know compiled all the things what I'm doing then I found it is fitting in this mile formula that is small in size medium in experience large in aspiration and extra large Market potential in simple words like I am investing in small and midcap so that me the smallest company or May the medium grade company in that vertical and the management should should have a 15 20 years of experience so that they have fallen at at least two three four times and they have learned their lessons and secondly the large in aspiration that a regional company should have should have an aspiration to become in National and from National to multinational something like this and and extra large Market potential they have should have a immense Market opportunity like as I always say that I don't want to uh you know I'm going for I usually like fish in the ocean not a crocodile in the pond so this is this is what I'm doing for myself and so far it has been uh uh helping me and I haven't chased my formula at all as on date while I'm talking to you interesting and you mentioned ke you look at small companies and currently as you already know the hype in small and midcap funds sebb has said there might be fraud in the market so personally since a huge tunk of your portfolio is in small and midcap do you see any issue there in personally my portfolio by lrs I don't find any issues because I think fundamentally companies are doing uh good and going forward I think they should also perform well so I'm not worried about them although when Market fell you know last month all my stocks fell 20% and 25% even 30% so that is part and parcel of this business so that does not disturb me at all I have learned this it's okay 20 30% fall in this market is fall in midcap it's nothing it's okay interesting and also uh sebi is little worried about mutual fund not being able to liquid liquidate their uh portfolio in small Cap Fund so they are doing all this uh stress testing and also so have you done stress testing in your own portfolio because you invest in small company I don't want to do any kind of stress testing I don't want to take any stress I know if I will because I usually buy in percentage usually I so I am like you can you can call it who knows how to enter doesn't know exit so my exit does not depend on me my exit depends on the company and as well as uh in uh with the market when there is a bull market I may have an exit or otherwise I I don't have an exit as per My Wish interesting interest also uh V one very interesting Trend we're seeing is in the I IPO space so they have raised a record number of uh funding through IPOs and you know a lot of people influencer in Instagram and uh telegram they're promoting this uh very small company so what is your opinion have you tried your hand in the uh space yeah of course I have invested in three companies in and uh there are so many uh fake account opened in my name with my picture with my name on Telegram and Facebook and WhatsApp and Twitter and and uh so all these social media and all although I do not advise people neither I take money or without fee and with fee I'm not an adviser I don't advise but people have opened this account and there is a fro in no doubt about it but the same fro you will find in secondary Market also you know but that since nowme has become a fashion become a trend now so many companies are coming every month so obviously there would be not that 10 out of 10 companies will be very you know Al those 100% perfect there would be uh some fraud there would be some manipulation but that is also in the secondary Market also so it is your wisdom you should avoid those kind of companies where you find that there is some fraud or there is some Euphoria you should avoid that that is your wisdom if you don't understand this thing then you better invest to mutual fund don't try your hand so for a new beginner you wouldn't recommend all this small company should avoid should avoid because they do not have that kind of education or wisdom to understand you know so they should avoid all these not only even the secondary Market also they should avoid they should invest in mutual fund they should learn Integrity of investing for three four years and then they should start investing directly into this Mar inter so recently you uh release one very interesting song and the line goes nine out of 10 Traer losing money bro but lot of bro are investing money in fno and in fact doing trading so what would you like to tell them uh time will tell them I don't have to tell them all my life let me tell you I must have written at least 10 songs warning all these investors to stay away from all this short-term things and trading and fno and all but nobody listens and you know the beauty is this like somebody tells me meet me at the airport nobody listen I always say this thing so they will learn hard way because there is no shortcut in this market is return on the wall there is no shortcut in the market no newcomer can ever make money making money is different but retaining that money is another uh another thing so until unless you complete one cycle bull or be Market cycle until unless you give all the exams you can't say that you have you you have been money you you have passed the exam right you have to give pass in all the subjects then calculate total number is calculated no when you appear for the exam so that is that will tell their picture that will tell their result and their remark or marks interesting sir have you personally tried fno because I I I read that you started investing while you were 20 22 23 I'm not sure if fno was present of course I have tried fno I have I have made money in fno then I burned my money in F and then I learned this lesson that uh it is difficult for me to make money in fno maybe I'm I'm not made for that kind of temperament so and as CB says that 10% people are successful in trading I think 1% people are successful in trading the most of the people uh who are the benefited from this fno are Brokers only and other charges whatever charges you are giving so they are your they are fair witha friend interesting so the last question I have is on the PSU rally so the PSU index has been you know doing pretty well for a while so what do you think will be the way forward I think future of psus are very bright because the attitude of all these the uh key persons of or or the government has completely changed uh PSU should do well I think as long as this Indian economy we cannot imagine I think uh this 30 40 trillion economy of Abit Khal without contribution of psus so I think their future is very bright right but obviously this fall rise and fall will keep on coming in the market this proo will keep on settling and one has to be prepare for that then there is no problem so so the general election is coming and when the election come there's a lot of talk about how this stock markets will perform and you know where it it will go so what is your thought on on the current you know uh stock stock market situation and how it would react to the election I think Market is discounting that Mr Modi or BJP is going to come so this is what Market is discounting I think uh so maybe usually it happens in the market but of course none of my investments are based on what I'm saying now usually it happens that as they say in the market and buy on rumor sell on news so maybe this Market is uh Rising before the election so maybe after the election maybe Market uh May react a little bit as I said this reaction and action will keep on happening in the market forget about that part and all I think Market is now bullish and discounting Mr Modi as a prime minister so and when I look at Mr Modi let me tell you the way the guy speaks the way he speak the way he says some Revolution is going to happen in India some animalist spirit is Awakening up and something big is going to happen even after the after the election after the new government is in place interesting that brings us to the end of today's episode if you would like to know more about this topic then you can reach out to me on Twitter I go by the username at the sashen NJ or LinkedIn using my full name that is sashan nongam we would be happy to take your suggestions that's all from our side thanks for tuning in see you in the next episode to stay updated on this podcast follow us at HD smartcast on all the major social media platforms to listen to more such podcasts log on to 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