Research Analyst @researchandrank . Ex at https://nitter.gq/t.co/HyOUEs1aRv, Market Digger, Voracious Reader. Views are personal. No recommendations
Mumbai
Joined January 2015
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Mousumi Paul retweeted
Simon has been found dead, reportedly from "suicide." RIP to Simon and to all whistleblowers who have died too young.
The truth about Lutnick will never die
I am the British whistleblower who reported evidence concerning Howard Lutnick, his links to Jeffrey Epstein, and Cantor Fitzgerald and BGC to the FBI in 2020–21.
Listen to the BBC File on 4 documentary about my whistleblower story:
bbc.com/audio/play/m002yx47
BBC News:
bbc.com/news/articles/c9q28d…
I later shared evidence with the House Oversight Committee, which subsequently questioned Lutnick behind closed doors.
My disclosures also contributed to regulatory action in the US and UK, including a £96m HMRC tax assessment relating to BGC’s partnership scheme. I believe the true tax exposure is substantially higher.
I also reported to the FBI and financial regulators matters involving Cantor Fitzgerald’s Relief Fund and BGC/Cantor’s annual 9/11 Charity Day.
The personal consequences of whistleblowing, and the retaliation I say followed, have been devastating for my family and me.
Mother Jones previously reported that documents I uncovered revealed a years-long business tie between Howard Lutnick, Cantor Fitzgerald and Jeffrey Epstein through AdFin, including a 2018 exchange in which Lutnick and Epstein discussed the company directly:
motherjones.com/politics/202…
motherjones.com/politics/202…
Follow me here on X and on LinkedIn. I intend to share more of the evidence and the story behind what happened.
Mousumi Paul retweeted
The curse of discipline is that every day looks the same. The curse of indiscipline is that every year does.
Mousumi Paul retweeted
🚨 One Nation, One Emotion!
Join us at Chhatrapati Shivaji Maharaj Park on 24th July, Friday!
4 pm onwards as we unite under the Tiranga to sing our National Anthem in one voice at 5 pm.
This peaceful protest is against the brutal oppression in Delhi, the detentions of students across the country, and to show that Maharashtra stands with the brave youth who are fighting for our country.
Come if you stand with @Wangchuk66 , @abhijeet_dipke and all those at Jantar Mantar.
Come also if you stand against how the Leader of Opposition Rahul Gandhi and other Members of Parliament were picked up and detained while protesting- if this can happen to them, this WILL happen to you soon.
Come if you stand against the brute force of the regime behaving so barbarically against the women and men in that protest.
This is a peaceful protest of all patriots- standing for a country that has awakened, with a 🇮🇳 Tiranga in the hand and to sing our national anthem.
Patriotism and love for the nation is asking the right questions, demanding accountability from those in power when they fail to serve the nation.
Inviting all citizens, all political parties and ideologies without party flags, all those who believe that Indian youth deserve a better future
The voice of all Indians beyond all ideologies.
Come!
Jai Hind! Jai Maharashtra! Vande Mataram!
Mousumi Paul retweeted
I think this government is clueless about how to handle public protests. I am not only talking about the current ongoing protests.
If the government had its ear to the ground, it should be able to identify public grievances early.
Even BJP supporters, along with everyone else, have been saying that Dharmendra Pradhan should go.
A competent technocrat needs to handle this ministry, and the government should explain to the student community how it will ensure that there are no paper leaks or evaluation messes like the ones that happened in CBSE in the future.
I feel this government has become completely insensitive to public sentiment.
The way the current protests have been handled shows that the government is clueless and has lost touch with reality.
Ultimately, those who suffer the most are our students- the future of our country.
Mousumi Paul retweeted
This is the India we refuse to lose 🥹❤️
People sitting miles away are ordering food through Zomato and Swiggy, asking delivery partners to feed hungry protesters at Jantar Mantar
That is the Idea of India 🇮🇳
Mousumi Paul retweeted
Goa, too, showed up.
This is the Azad Maidan in #Goa tonight.
Mousumi Paul retweeted
I pay 40% Tax in this country, I am here because I want to help fix India's education system.
A powerful voice from a young woman at the CJP protest. 👇
Mousumi Paul retweeted
I saw sound bites from students. They are in their teens and have yet to understand real life.
If a huge number of people march towards Parliament, the seat of the country's power, how can the police take any chances? They know anti social elements would inevitably infiltrate such protests.
Yet students expect the police force to be compassionate. They need to come to terms with reality.
The government should have dismissed Education Minister Dharmendra Pradhan long ago and come out with a clear proposal on how it plans to conduct exams in the future without leaks and in a transparent manner.
This government has become so accustomed to absolute power that it has turned insensitive even to the genuine problems of students.
Parents and elders in students families have only chosen governments that pander to their social prejudices and biases. We get what we prioritise.
I don’t know what the solution is when the government refuses to be receptive to the public, other than to say that in the future we should choose policymakers who are receptive, engage in dialogue with citizens, and whose primary focus is on education, healthcare, employment, and quality of life - instead of widening society’s fault lines.
Mousumi Paul retweeted
The retirement corpus required for a couple living in a Tier-1 city in India is ₹16.38 crore as per IMIU survey
This is courage and heart-break at the same time. #IranWar
Mousumi Paul retweeted
Trump is a real monster. US and Israel want to finish off Iran. Iran has said that no more self restraint from their side. Since gulf countries are providing base and supporting US, Iran has said it is going to destroy gulf region such that oil and gas are not available from gulf region for years to come.
If desalination plants get hit, millions of people would not have water to drink. The threat of dying without having water to drink is very real.
For the last few hours, intense attacks have been happening from both the sides. If nuclear weapon is used against Iran, the radiation would affect all the gulf countries. Various defence experts mention that China and Russia have conveyed that if Iran is attacked with nuclear weapon, Israel would cease to exist.
When people thought that Trump is a clown, I always pointed out he is a pure evil. The chain effects of this conflict on the whole world is going to be huge.
Nothing more to say for now.
Mousumi Paul retweeted
At this point, USA having nukes is a lot more dangerous for the world than Iran having nukes.
Mousumi Paul retweeted
✨Parag Parikh Flexi Cap in 2023 vs 2026.
Same fund. Same fund manager. Completely different portfolio.
India's largest actively managed mutual fund quietly made one of the biggest strategic pivots I've seen — and most investors holding it have no idea what changed.
I went through 3 years of monthly disclosures. Here's what Mr. Rajeev Thakkar actually did:
𝗧𝗵𝗲 𝗕𝗶𝗴 𝗡𝘂𝗺𝗯𝗲𝗿𝘀
AUM in early 2023: ~₹30,000 Cr AUM in March 2026: ~₹1,34,000 Cr That's 4.5x in 3 years.
But the portfolio didn't just grow. It shapeshifted.
👉𝗦𝗵𝗶𝗳𝘁 #𝟭: 𝗨𝗦 𝗧𝗲𝗰𝗵 𝗗𝗲-𝗥𝗶𝘀𝗸𝗶𝗻𝗴
2023: Foreign equity was ~17-18% of portfolio
→ Alphabet ~5%, Microsoft ~5%, Amazon ~4%, Meta ~4%
→ US tech was the defining identity of this fund
2026: Foreign equity dropped to ~10.5%
→ Alphabet ~4%, Microsoft ~2.7%, Amazon ~2.4%, Meta ~2.7%
→ Still there, but no longer the star of the show
They didn't panic-sell. They just stopped adding. As AUM grew 4.5x, the US allocation was diluted by design. Quiet, deliberate rebalancing.
👉𝗦𝗵𝗶𝗳𝘁 #𝟮: 𝗟𝗼𝗮𝗱𝗶𝗻𝗴 𝗨𝗽 𝗼𝗻 "𝗕𝗼𝗿𝗶𝗻𝗴 𝗜𝗻𝗱𝗶𝗮"
This is where it gets really interesting.
The stocks PPFAS has been aggressively buying are not what fintwit would call exciting:
→ Coal India — high dividend, government cashflow machine
→ Power Grid Corporation — ₹6.92% of portfolio, massive accumulation
→ ITC — grew from minor position to 5%+, added crores of shares every single month through 2025
→ HDFC Bank — now the #1 holding at 7.73%
→ ICICI Bank, Kotak Bank — steadily increased
These are cash-rich, dividend-paying, low-PE giants. Not the high-growth darlings that dominate social media watchlists.
👉𝗦𝗵𝗶𝗳𝘁 #𝟯: 𝗧𝗵𝗲 𝗖𝗮𝘀𝗵 𝗣𝗶𝗹𝗲
2023: Cash allocation ~12-13% 2026: Cash allocation ~24-25%
Read that again. India's largest active equity fund is sitting on roughly ₹33,000 crore in cash.
That's not laziness. That's a statement. Thakkar is telling you: "I can't find enough cheap stocks to deploy this money into."
When a value investor hoards cash, it means they think the market is expensive. When they do it while simultaneously buying Coal India and Power Grid, it means they're preparing for a downturn by loading defensive, dividend-heavy positions.
👉𝗦𝗵𝗶𝗳𝘁 #𝟰: 𝗧𝗵𝗲 𝗥𝗲𝗰𝗲𝗻𝘁 𝗠𝗼𝘃𝗲𝘀 — 𝗚𝗮𝘀 & 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗙𝗶𝗻𝗮𝗻𝗰𝗲
February 2026: Added Mahanagar Gas + Indraprastha Gas (city gas distribution)
September 2025: Added Aptus Value Housing Finance
November 2025: Added Indus Towers + TCS
Gas distribution + affordable housing + telecom infrastructure.
These aren't glamour plays. They're structural India bets — regulated businesses with predictable cashflows.
Meanwhile, exited: MCX, IPCA Labs, ITC Hotels, Himadri Speciality, HP Adhesives, Laxmi Dental
Pattern? Dumped the cyclical/speculative names. Loaded the boring compounders.
👉𝗧𝗵𝗲 𝗛𝗶𝗱𝗱𝗲𝗻 𝗦𝗶𝗴𝗻𝗮𝗹
Here's the number that tells you everything:
PPFAS portfolio PE: 17.51
Flexi cap category average PE: 27.28
PPFAS is running a portfolio that's 36% cheaper than its own category. While the rest of the market chases momentum, they are buying yield.
👉𝗧𝗵𝗲 𝗣𝗮𝘁𝘁𝗲𝗿𝗻 𝗕𝗲𝗵𝗶𝗻𝗱 𝗜𝘁
2023 PPFAS = "Global tech + Indian quality"
2026 PPFAS = "Domestic cash cows + massive cash buffer"
The fund hasn't changed its philosophy. It's still buying businesses below intrinsic value with strong cashflows.
What changed is WHERE that value exists.
In 2023, it was in beaten-down US tech (post-2022 crash).
In 2026, it's in boring Indian dividend aristocrats that nobody on Twitter wants to talk about.
Mr. Thakkar and Team aren't predicting a crash. They're positioning for a world where returns come from dividends and compounding — not from PE re-rating.
That's either very smart or very early. Usually, with Rajeev Thakkar, it's both.
Mousumi Paul retweeted
How 100-Baggers Are Really Created and how to Spot them.
2025 reminded us that markets are noisy, emotional and unpredictable.
But history shows that the biggest fortunes were not made by predicting events — they were made by owning great businesses and letting time do the heavy lifting.
They came from owning ordinary-looking businesses that quietly compounded year after year.
Take a simple example.
A company that grows its profits at 20% a year does not look exciting in any single year. But if that growth continues for 25 years, the business becomes 100 times bigger. And over time, the stock price tends to follow.
That is what we call a 100-bagger
Over the last 25 years, multiple Indian companies have delivered 100× returns.
These include names like Titan, Bajaj Finance, Pidilite, SRF, Shree Cement and TVS Motor etc. They did not become 100-baggers because of one big event. They became 100-baggers because they kept growing steadily for decades.
No hype. No frenzy. No big story.
The fascinating part is this: most of these companies never looked extraordinary in the beginning.
Mousumi Paul retweeted
ZUDIO is slowing down and here’s the real reason :
Zudio follows a mass-production model.
The same T-shirt is produced and sold across 1,000+ stores.
Their core target audience?
College-going youths
But Zudio’s biggest strength slowly turned into its biggest problem.
As the brand exploded in popularity, everyone started wearing Zudio.
And for Gen Z, common = uncool.
Once customers began seeing the same designs everywhere, they pulled back.
The numbers reflect this:
44 stores opened in Q2
40 stores shut in the same quarter
SSSG (Same Store Sales Growth) is weak
Now compare this with V2 Retail :
V2 follows a completely different playbook.
They source from 70+ different vendors
High design churn
Faster inventory rotation
If a T-shirt at V2 sells in 15 days,
the same category product at Zudio may take 30 days or more.
Why?
Because variety + freshness > scale alone in value fashion.
I knew people will say ki zudio ka scale toh dekho 1000+ stores hain par I visited zudio and v2 retail stores and crowd at V2 RETAIL >> ZUDIO.
