Prateek Pant

🌿 Kalpavriksh Fund’s Remarkable Exit from The Ayurveda Experience (TAE) 🌟 🌱 Breaking News: Kalpavriksh Fund, managed by @Acorn Fund Consultants, has achieved an extraordinary exit from its long-term investment in The Ayurveda Experience (TAE). 🚀 The cross-border direct-to-consumer (D2C) beauty and health brand has yielded over six times the initial investment, marking a significant milestone in Kalpavriksh’s investment journey. 💰💼 🌿 Founded by Rishabh Chopra, TAE serves over 1.38 million customers globally, offering a range of ayurveda-inspired brands, including skincare, body care, hair care products, wellness supplements, and functional foods. 🌿🌸 In 2023, TAE’s revenue surged by 84%, reaching ₹259 crore from ₹141 crore in FY22. With controlled expenditure and scaling growth, the company aims to break even or turn profitable in FY24. 🌏🌿 #KalpavrikshAsset #Ayurveda #Investment #BusinessGrowth #HealthAndWellness #NaturalMedicine #Sustainability #FinancialSuccess #IndiaBusiness #AlternativeMedicine #India #BelieveIndia To read more in detail, click below:👇 https://lnkd.in/g2bU2vSc

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Shared a few thoughts on the evolution and suitability of Private Credit as an asset class for investors! With time, clear segmentation in performance will be visible among investment managers.

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Markets continue to make new highs and investors are concerned about high valuations. I got into a discussion with Niraj Shah to explore the sectors we are looking at to make returns. Piper Serica

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Narratives drive public markets. And as George Soros noted with respect to market movements, narratives are also reflexive. The narrative itself feeds into ancillary threads of support for the macro narrative. DISH Network equity performance has been driven by a single overarching narrative of negativity. Simply put, the narrative states that a fourth network is not a viable business and that by pursuing a vision of such, DISH Network is destroying value in the form of malinvestment in network capital expenditures and associated negative operating cash flows. This negative hyper-reflexive narrative has turned to profound negativity that a cloud-based Open RAN network architecture has any unique value. It has been extended to the belief that the business will ultimately file for bankruptcy. This is where the reflexivity takes a comical twist. Analysts have intellectually contorted their belief about the company that in such an inevitable bankruptcy, due to some miraculous twist is fate, and defying precedent, that the company would be forced to sell their spectrum at a deep discount to book value (25% to 50% per the analysts at Morgan Stanley). This belies the fact that there is now a scarcity of spectrum and material excess demand beyond what is presently in the market INCLUSIVE OF DISH Network This is how markets work. Narratives are formed and as they take root, subordinate threads become easier to believe as the primary narrative has become common knowledge. Narratives have never equated to value. Technology markets often suffer from becoming victimized by Amaras Law. Amara's law is a statement that people tend to overestimate the short-term impact of new technologies while underestimating their long-term effects. In markets, this often leads to bubbles. The enthusiasm around AI is undergoing this effect. For DISH Network perhaps what we are seeing is Ergen’s Law. Ergen’s Law states that markets tend to misprice value migration driven by structural and technological change. When an industry structure and supporting technological architecture and business models have been in existence for the duration of an analysts career, seeing change is quite difficult. In fact the change is so profound as to call into question fundamental assumptions about market reality. Narratives change. Asset value has a persistence that withstands all market sentiment shifts. The best managers focus on asset value not security prices. The value of the DISH Network spectrum alone is materially higher than the negative market narratives indicate. The race is long and is far from over. The markets mispricng of the assets of DISH Network will create a terrific case study down the road. But for today, we have a narrative fever dream to witness. Enjoy the show.

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Our differentiated perspective towards stock picking, Terminal Value Investing and evaluating companies through the prism of - Megatrends - Leadership - Intangibles A brief explanation in Hinglish #investing #nfo #equity #stocks #mutualfundssahihai

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He manages ₹45,000 crores under four schemes: Large and Mid Cap Fund, Mid Cap Fund, Multicap Fund, and Consumer Fund. Mr. Ankit Jain is the Senior Fund Manager at Mirae Asset Mutual Fund, compounding investor wealth for over 9 years. Singularis has been benefiting from the association with Mirae for close to a decade. Takeaways from a recent discussion: - India’s economic fundamentals are robust. - Private capex is on the rise, possibly surpassing government spending. - The government remains committed to its fiscal deficit target. - Factors like a monsoon deficit and telecom tariff hikes may lead to higher inflation. - Stock market valuations are currently high. - Sectors expected to perform well include banking, pharma, consumption, logistics, metal, and IT. Meeting fund managers like Mr. Ankit Jain, who exhibit consistent wealth compounding while managing substantial funds with great humility, is always inspiring.Ankit Jain Singularis Wealth Pvt Ltd Mirae Asset Mutual Fund (India) Sofia Aravind Revathi Anandha Narayan Mythily Krishnan

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