3 decades in Asset Management. Now steering virtual digital assets into their next chapter as the Chief Executive Officer of BitDelta Views expressed are my own
India
Joined January 2010
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Thanks so much @MFBALA and all my colleagues at AMFI for acknowledging me and my team's contribution to the MF industry, especially the ETF segment. It's a very nice gesture indeed...
Why I Am Not Writing a Conventional Diwali Post.......And Why I’m Embracing the Unconventional Instead !
Every year, like clockwork, everyone everywhere tries to "metaphor-ize" Diwali !
LinkedIn turns into a sea of high-gloss graphics paired with forced leadership analogies.
We are solemnly told how Lord Rama’s return from exile is a masterclass in agile supply-chain management, or how lighting a lamp symbolizes "illuminating shareholder value."
By the time Diwali arrives, we’ve successfully turned a festival of pure joy and celebration into a mandatory corporate board deck. (Some of the posts, by the way, are genuinely readable...methinks they are non AI 😊 content)
These posts have become the digital equivalent of that generic box of sonpapdi which gets recycled, and something no one actually consumes with enthusiasm !
I was tempted to write one, i honestly was... I almost typed out a neat framework connecting festival prep to portfolio diversification.
Then I stopped.
After 30+ years in leadership, if there’s one thing I’ve learned, it’s that "wisdom" like this rarely builds real value.
More importantly, it violates a core principle I believe in: the power of being unconventional😊
Breakthrough ideas, enduring businesses, and meaningful leadership rarely come from doing what everyone else is doing...
Real progress happens when you have the grit to step out of line and choose authenticity over conformity.
So, this Diwali, I’m calling a "moratorium on forced corporate epiphanies."
Starting this week—and carrying well beyond the festival—here is my what I intend doing :
The "Zero-Metaphor" Mindset:
Enjoying the festival for what it is—family, friends, lights, and great food—without extracting a Q4 strategic takeaway from every diya !!
The "Un-Planned" Calendar:
Carving out post-festival blocks with zero agenda. For someone wired for rigorous execution and tight schedules, unstructured space is terrifying. Which means it’s necessary.
The Beginner’s Mind:
Intentionally putting myself in positions where I don't have all the answers—leaning into new domains where I am a complete novice and comfortable being a student again....honestly, I don't know how much I don't know...
Diwali is about light overcoming darkness... In business and life, one of the subtlest forms of darkness is autopilot conformity ( I used AI to get this statment right, but the thought is mine😀)
Being unconventional isn't about shock value. It’s about having the clarity to recognize when a script has run its course—and the courage to throw it away... (Gyan, I know...can't help it, muscle memory😁)
Here’s wishing you a very happy, deeply authentic, and wonderfully unconventional Diwali !!
May your lights be bright, and your willingness to break the mould stronger than ever !
#NoHashTags
Vikaas M Sachdeva retweeted
A little festive luck could make this Diwali even more memorable!
Be part of the Crypto Wali Diwali Gold Coin Lucky Draw.
Complete a trade during 6 November, 9 AM – 8 November, 9 PM and stand a chance to win* a 1gm gold coin.
For eligible users only. All rewards are applicable on executed trades.
*T&Cs apply.
rb.gy/anm5n0
#CryptoWaliDiwali #BitDeltaIndia
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
Vikaas M Sachdeva retweeted
Everyone is asking whether Trump is finished if Democrats win both chambers of Congress in the midterms.
Historian Victor Davis Hanson says the White House has already played out this script twice. And both times the president came out stronger.
Start with Bill Clinton. His approval hit a low of 37 percent. The House launched impeachment proceedings. The whole capital was consumed by scandal. The Senate did not convict. With domestic legislation stalled, Clinton turned to foreign policy. No congressional vote was needed. He ordered the bombing of Serbia and kept it going for 78 straight days. By the time he left office his approval rating had climbed to around 66 percent.
Now Obama. His midterm approval fell to a low of 38 percent. Congress flipped to Republican control and bills ground to a halt. His answer was a line everyone remembers. I have a pen and I have a phone. If Congress would not legislate, he would use executive orders.
In 2011 he sent forces to bomb Libya without congressional authorisation. He ran hundreds of drone strikes in Pakistan, Yemen and Somalia. In 2014 he ordered airstrikes on ISIS in Iraq and Syria without a fresh vote. The Iran nuclear deal and the Paris climate accord were treated as executive agreements, which avoided the Senate's two thirds ratification threshold. When he left office his approval rating was holding steady around 60 percent.
So why did both men rebound after losing Congress?
Because domestic legislation is only half of a president's toolkit. Once Congress turns hostile and bills stall, the blame for gridlock on jobs and the economy lands on the congressional majority. Meanwhile the veto, executive orders and foreign policy powers, which Congress can barely restrain, become a solo stage for showing decisive leadership.
Low polls and a hostile Congress did not break Clinton or Obama.
For a president planning to go all in during his final two years, a hostile Congress can turn out to be the perfect opponent.
Crypto companies have contributed $233 million to the 2026 US midterm election cycle, according to Public Citizen.
Beyond political spending, the bigger story is digital asset regulation. The ongoing debate around the CLARITY Act shows why clear rules matter.
The industry's long-term progress will depend on regulatory clarity, responsible innovation and stronger user protection.
An interesting read from Moneycontrol - moneycontrol.com/news/busine…
"Sir, if you pay via UPI, you’ll get a 10% discount."
I was at @DubaiAirports , picking up some chocolates and goodies as usual...
When it was time to pay, I fished out my credit card as always....the same routine...the tap, followed by whether I wanted to pay in AED or INR
Before I could even proceed, the cashier offered UPI as an option—with a 10% discount attached !!!!
I made the payment seamlessly in INR, took my discount, and immediately called a friend to say... India has truly arrived !!
Seeing a home-grown Indian financial innovation not just accepted, but actively incentivized at one of the busiest global transit hubs in the world is a remarkable feeling !!
While ruminating thereafter, some thoughts crossed my mind...
Global Interoperability is Real...UPI isn't just revolutionizing digital payments within India; NPCI’s international expansion is steadily integrating Indian fintech into the global retail ecosystem.
Incentivization Drives Behavior...Offering a discount for UPI over traditional international card networks highlights the cost-efficiency of digital public infrastructure—merchants save on transaction friction and pass those savings back to the consumer.
Soft Power Through FinTech....True economic influence shows up in the everyday customer experience. When Indian payment tech becomes the preferred, frictionless option abroad, it reflects the global shift in financial infrastructure.
Kudos to @NPCI_NPCI and all the stakeholders making Indian fintech a seamless global reality !
Jai Hind !
#FinTech #UPI #DigitalIndia #NPCI #Innovation #GlobalEconomy #IndiaFirst
Vikaas M Sachdeva retweeted
From the AMFI Factbook, this image. IMO, what’s pertinent here is not just the holding period over 5 years of the regular (distributor led) AUM. It is more valuable to note the difference between the AUM and SIP AUM held between regular and direct investors for a less than one year holding period. More evidence may not be needed.
Vikaas M Sachdeva retweeted
SEBI Chairman Tuhin Kanta Pandey, speaking at NDTV Profit Ignite Diwali Edition, calls for a strong crackdown on malpractices and misleading stock tips circulating on WhatsApp and Telegram
#NDTVProfitIgnite @niraj_shah @ndtv
Platinum Partner - @TheOfficialSBI
Co-Powered by: @SBIMF , @CoinSwitch
Associate Partner: @lordsmarkind , @HyundaiIndia
Impact Partner:@Adaniports
Gifting Partner: Kass
Outdoor Partner: @OutdoorBright
With due respect, anyone who has seen more than 2 cycles in the market can answer this question...
Even after so many years, the "value" of the distribution and advice keeps getting undermined by a factor of "price"
We are setting up millions of investor on a collision course with their goals the next time a serious correction happens....you need an advios to hand hold you through a crisis...else, people will just walk away from the discipline of investing long term
SEBI का बड़ा कदम!
अब AMC की वेबसाइट पर Direct Mutual Fund होगा Default विकल्प।
इस कदम से क्या होगा फायदा, किस पर पड़ेगा असर?
1 नवंबर से AMC के डिजिटल प्लेटफॉर्म पर Direct Plan डिफॉल्ट विकल्प होगा।
सुनने में यह एक छोटा-सा बदलाव लगता है।
लेकिन इसके दूरगामी परिणाम हो सकते हैं।
आइए समझते हैं कि किस पर क्या असर पड़ेगा।
1. निवेशकों पर असर
Direct Plan में खर्च कम होता है। जो निवेशक खुद सही फंड चुन सकते हैं, पोर्टफोलियो बना सकते हैं और अपने निवेश को संभाल सकते हैं, उन्हें इसका फायदा मिल सकता है।
लेकिन एक बात याद रखिए:
👉कम खर्च का मतलब हमेशा बेहतर निवेश नहीं होता!
गलत फंड चुनना, बिना योजना के निवेश करना या बाजार गिरने पर घबराकर पैसा निकाल लेना इन गलतियों की कीमत बचाए गए खर्च से कहीं ज्यादा हो सकती है।
हमेशा याद रखें - अधिकांश निवेशक वह रिटर्न प्राप्त नहीं कर पाते है जो बाज़ार ने दिया है। रिटर्न कमाना देखने में जितना सरल है - पाना उतना ही कठिन।
इतिहास इसका साक्षी है- क्या आप कारण जानते है - ऐसा क्यों होता है?
2. Mutual Fund Distributors (MFDs) पर असर
अब केवल म्यूचुअल फंड खरीदने-बेचने में मदद करना शायद पर्याप्त नहीं होगा।
डिस्ट्रिब्यूटर्स को अपनी उपयोगिता साबित करनी होगी।
वित्तीय लक्ष्यों की योजना बनाना, सही Asset Allocation, पोर्टफोलियो की समीक्षा और बाजार की गिरावट में निवेशकों को अनुशासित बनाए रखना
👉इन सेवाओं का महत्व बढ़ेगा।
भविष्य उन्हीं का होगा, जो सिर्फ निवेश नहीं करवाते, बल्कि निवेशकों को बेहतर निर्णय लेने में मदद करते हैं। और निवेशकों को भावनात्मक और मानसिक दृष्टि से मज़बूत बनाते है ।
3. AMCs पर असर
AMCs को डिजिटल माध्यम से सीधे निवेशक जोड़ने का अधिक अवसर मिल सकता है।
लेकिन करोड़ों निवेशकों तक पहुँचने और उन्हें मार्गदर्शन देने में डिस्ट्रिब्यूटर्स की भूमिका भी महत्वपूर्ण बनी रहेगी।
मेरा ये मानना है - डिस्ट्रिब्यूटर्स AMC के कवच और कुंडल होते है - विपरीत परिस्थिति में वे निवेशकों को बेहतर संभालते है - इससे एएमसी को कमजोर क्षणों में मदद मिलती है और ब्रांड की रक्षा होती है ।
4. Fintech कंपनियों पर असर
Direct Plan उपलब्ध कराने वाले डिजिटल प्लेटफॉर्म को फायदा मिल सकता है।
लेकिन याद रखिए:
👉टेक्नोलॉजी निवेश को आसान बना सकती है, निवेशक को समझदार नहीं!
सबसे बड़ा सवाल:
क्या SEBI मानता है कि Direct Plan, Regular Plan से बेहतर है?
जरूरी नहीं!
Direct Plan सस्ता है। लेकिन किसी निवेशक के लिए कौन-सा विकल्प बेहतर है, यह उसकी जानकारी, निवेश संबंधी व्यवहार और मार्गदर्शन की जरूरत पर निर्भर करता है।
दोनों प्लान में एक ही फंड और एक ही फंड मैनेजर हो सकते हैं। अंतर खर्च का है और उस सेवा का है, जो निवेशक को मिलती है।
मुझे क्या लगता है-
यह Mutual Fund Distribution के कम असरदार होने की घोषणा नहीं है।
लेकिन यह सब के लिए एक चेतावनी जरूर है।
निवेशकों को समझना होगा कि वे किस चीज का कितना खर्च दे रहे हैं।
👉डिस्ट्रिब्यूटर्स को बताना होगा कि वे निवेशकों के लिए क्या अतिरिक्त मूल्य पैदा करते हैं।
👉और पूरे उद्योग को केवल निवेश बेचने से आगे बढ़कर निवेशकों के हितों पर ध्यान देना होगा।
क्योंकि अंततः उद्देश्य सिर्फ लोगों का पैसा निवेश करवाना नहीं, बल्कि उन्हें बेहतर निवेशक बनाना है।
आपकी क्या राय है?
क्या SEBI का यह कदम निवेशकों को सशक्त बनाएगा या Mutual Fund Distributors के सामने नई चुनौतियाँ खड़ी करेगा?
#MutualFunds #SEBI #MFD #FinancialLiteracy #InvestorAwareness
moneycontrol.com/news/busine…
Vikaas M Sachdeva retweeted
As India’s VDA industry evolves, consistent guidelines, strong compliance practices and effective safeguards will be essential to building trust and enabling responsible growth.
With this objective at it’s core, the Bharat Web3 Association (BWA) has established a Self-Regulatory Body (SRB) to strengthen industry practices, ensure consistent adherence and promote greater accountability among its members
BWA is privileged to have Shri Rohit Kumar Singh IAS (retd.), former Secretary to the Government of India, and Dr. Praggya Das, former Adviser-in-Charge of the Monetary Policy Department at the RBI, as SRB Chairperson and Member respectively.
This is only a beginning, but an important step in BWA’s commitment to developing a responsible, compliant and sustainable VDA sector in India.
Vikaas M Sachdeva retweeted
#BFSIInsightSummit2026 | When 1% TDS was introduced, 81% of the business for leading exchanges dropped. People didn’t stop trading but they started trading overseas: @vikaasmsachdeva, CEO, BitDelta India
#SmartInvestorArena #BusinessStandard #Multibaggers #StockMarket #Investing #WealthCreation #FinancialLiteracy
business-standard.com/video-…
news.abplive.com/sports/cric…
@TilakV9 is India's michael bevan.....
Vikaas M Sachdeva retweeted
Indians are sending more money abroad for one reason: to invest.
RBI's October bulletin has the August LRS numbers. Remittances for investing in overseas equity and debt were $321.5 million, up 111% from $152.2 million a year ago. At RBI's reference rate of ₹95.56 to the dollar, that is about ₹3,073 crore in one month.
To compare that with something
familiar: SIP inflows into Indian mutual funds were ₹32,297 crore in August. So for every ₹10 that went into SIPs, about ₹1 left the country to be invested abroad. A year ago it was closer to 50 paise.
Nothing else Indians send abroad grew like this. Travel, the biggest head, was $1.63 billion, the same as last August. Gifts, deposits, property and money for relatives barely moved. Take out investments, and LRS outflows fell 3%.
This happened while sending money abroad has become more expensive.
Remittances above ₹10 lakh a year attract 20% TCS, and the rupee is past 95. Neither has slowed it.
August was not even the peak. June saw $456.7 million. Last financial year, Indians sent $2.65 billion abroad to invest. April to August this year is already at $1.73 billion.
Sources: RBI Bulletin, October 2026. AMFI. Business Standard.
Vikaas M Sachdeva retweeted
🚨 DON’T IGNORE THE BOND MARKET. IT MAY BE FLASHING A WARNING.
The US 10-year Treasury yield slipping below 5% could be signalling something important.
Against a backdrop of rising crude prices and inflationary pressures, markets are grappling with a dangerous combination: higher inflation, higher-for-longer rates, and rising recession risks.
The AI-heavy markets, which thrived on liquidity and growth expectations, are cracking under the pressure of tighter financial conditions.
Yet, Treasury yields are softening. Why?
A flight to safety may be overpowering inflation fears as investors begin pricing in a global slowdown.
Remember, around 18 months ago, the inverted US yield curve was flashing a recession warning, with the risk expected to materialise over the following 18–24 months.
That window is now approaching its end.
Is the long-awaited economic slowdown finally catching up with markets?
Equity investors tend to focus on earnings and valuations. But bond markets often signal changes in economic expectations much earlier.
Watch the debt markets. They may tell you what equity markets haven't priced in yet.
#BondMarkets #US10YearYield #RecessionRisk #GlobalMacro #Investing
Vikaas M Sachdeva retweeted
Excellent storytelling by Shaun Pollock on team meetings and how it doesn't always help... Perhaps why MS Dhoni didn't believe much in them and at max had a minute or so before games!
Also, notice the quality of commentary here compared to what Indians are fed with! 🙏@abcsport
Vikaas M Sachdeva retweeted
1/3 🧵 What is the PHP crisis?
Imagine millions of shops use the same type of door lock. Suddenly, someone discovers a weakness that may let thieves enter without a key.
PHP is software used by many websites. A flaw in it could allow hackers to attack vulnerable websites.
Vikaas M Sachdeva retweeted
I’ve never seen Prashant Jain being so optimistic.
Some of his views on Megacap stocks trading at cheap valuations:
“Some of these businesses I’m owning for the first time in last 25 years because they were so expensive all around.”
“What happened in last few years, some of most popular and best quality businesses have mean reverted.”
“You pay a 70PE for a business growing at 10% and then it falls to 30PE and then you curse the business.”
“These are some of the finest businesses, and they’re now at extremely attractive valuations.”
However, I personally feel the question lies not in valuations but in the growth which is a far bigger worry. teapaw.org/bigbullinvest/status/2…
Vikaas M Sachdeva retweeted
they’re calling it “Black October” and i don’t think people realize how serious this is
in the last 48 hours there have been over 27 major cybersecurity incidents. not in a month. not in a week. in 48 hours
any ONE of these would normally be the biggest story of the year
PHP: critical vulnerability in the software running 80% of the web. severity 9.2 out of 10
Node.js: high-severity flaw letting attackers take over servers remotely. affects versions 22, 24, and 26
Java: also compromised. three of the most used programming languages on earth hit at the same time
GitLab: a perfect 10 out of 10 severity hole in every version since 2014
Railway: hosting platform compromised. API keys for OpenAI, Claude, Stripe potentially exposed
Signal: a bug that could leave your mic and camera on after you hang up
WordPress: hackers stole a plugin maker’s keys and planted backdoors on websites
LiteLLM: an AI tool downloaded 3.4 million times a day was poisoned with a password stealer
and that’s not even half the list
thousands of AI agent swarms are reportedly scanning and attacking vulnerable servers right now. automated. around the clock
security researchers are saying this might be the early stages of a global cyber incident that nobody fully understands yet
if you run a website, use cloud services, store API keys on hosting platforms, or use any software built on PHP, Node.js, or Java you are potentially affected
update everything. rotate your API keys. change your passwords on critical services. enable 2FA everywhere you haven’t already
this is not a normal week on the internet. this is something different
