Latest news with #GurmeetChadha
Economic Times
3 days ago
- Business
- Economic Times
Feeling bad after selling a stock too early? Even Shah Rukh Khan let go of his ‘multibagger' Shreyas Iyer, quips fund manager
Gurmeet Chadha likened KKR's choice to retain Venkatesh Iyer over Shreyas Iyer to a poor investment decision. Shreyas, after leading KKR to an IPL title in 2024, was released and subsequently acquired by Punjab Kings. Now, he's captaining them in the IPL 2025 final, showcasing his leadership and batting prowess, leaving KKR fans regretting their team's decision. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads What netizens said In the world of cricket, as in investing, timing, vision, and faith in fundamentals often determine success or failure. Gurmeet Chadha , fund manager and CIO at Compcircle, drew a striking parallel between portfolio management and a major IPL decision that went wrong for one of India's most iconic joked that if you're ever feeling low about a bad investment, remember that Kolkata Knight Riders (KKR), owned by Shah Rukh Khan, chose to retain Venkatesh Iyer over Shreyas Iyer — a decision that now serves as a cautionary tale not just for team managers but also for anyone dealing with high-stakes decisions. Shreyas Iyer — the star KKR let go — is now on the brink of making history with Punjab Kings "If you ever feel low on a bad decision made in your portfolio…. Remember - SRK and KKR management retained Ventakesh Iyer instead of Shreyas Iyer," fund manager Gurmeet Chadha said in a Iyer, who led KKR to their IPL title win in 2024, was surprisingly not retained ahead of the IPL 2025 season. Instead, KKR spent a whopping Rs 23.75 crore to bring back all-rounder Venkatesh Iyer in the mega auction held in Jeddah last year. The move raised eyebrows across cricketing circles. Meanwhile, Shreyas was snapped up by Punjab Kings for Rs 26.75 crore and was named captain. Under his leadership, Punjab turned into a dominant force and are now set to contest the IPL 2025 final against Royal Challengers Bengaluru (RCB).Punjab Kings, known historically for underachievement and inconsistency, have seen a stunning transformation this season. Shreyas has led from the front with his batting and captaincy. With 603 runs from 16 matches at an average of 54.81 and a strike rate of nearly 176, he's been a match-winner game after game. His latest performance — an unbeaten 87 off 41 balls in the second qualifier against Mumbai Indians — was a clutch innings that propelled Punjab into their first IPL final in over a decade. It was also a painful reminder to KKR fans of what they backlash on social media was fierce and immediate. Fans criticized the KKR management for releasing a proven match-winner and leader, especially after he delivered them a title the previous year. Responding to Gurmeet Chadha's tweet, netizens responded with scathing sarcasm, memes, and humorous financial analogies. Some compared KKR's decision to misallocating capital in a mutual fund, while others joked about "reinvestment gone wrong" and 'confusion in the Iyer name.' One popular sentiment was that Punjab Kings should hold on to Shreyas for life, lest they too repeat the mistakes of Zinta, the co-owner of Punjab Kings, has been a constant figure of support for throughout the tournament. Ahead of the final in Ahmedabad, she shared a heartfelt video montage on social media, highlighting the journey of the team, its standout players, and the contribution of coach Ricky Ponting. Zinta praised Shreyas for his leadership, calling him a "dynamic sarpanch," and emphasized how the team had gelled together to peak at the right time.
Time of India
3 days ago
- Business
- Time of India
Feeling bad after selling a stock too early? Even Shah Rukh Khan let go of his ‘multibagger' Shreyas Iyer, quips fund manager
In the world of cricket, as in investing, timing, vision, and faith in fundamentals often determine success or failure. Gurmeet Chadha , fund manager and CIO at Compcircle, drew a striking parallel between portfolio management and a major IPL decision that went wrong for one of India's most iconic franchises. Chadha joked that if you're ever feeling low about a bad investment, remember that Kolkata Knight Riders (KKR), owned by Shah Rukh Khan, chose to retain Venkatesh Iyer over Shreyas Iyer — a decision that now serves as a cautionary tale not just for team managers but also for anyone dealing with high-stakes decisions. Shreyas Iyer — the star KKR let go — is now on the brink of making history with Punjab Kings . "If you ever feel low on a bad decision made in your portfolio…. Remember - SRK and KKR management retained Ventakesh Iyer instead of Shreyas Iyer," fund manager Gurmeet Chadha said in a tweet. Play Video Play Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Undo — connectgurmeet (@connectgurmeet) Shreyas Iyer, who led KKR to their IPL title win in 2024, was surprisingly not retained ahead of the IPL 2025 season. Instead, KKR spent a whopping Rs 23.75 crore to bring back all-rounder Venkatesh Iyer in the mega auction held in Jeddah last year. The move raised eyebrows across cricketing circles. Meanwhile, Shreyas was snapped up by Punjab Kings for Rs 26.75 crore and was named captain. Under his leadership, Punjab turned into a dominant force and are now set to contest the IPL 2025 final against Royal Challengers Bengaluru (RCB). Punjab Kings, known historically for underachievement and inconsistency, have seen a stunning transformation this season. Shreyas has led from the front with his batting and captaincy. With 603 runs from 16 matches at an average of 54.81 and a strike rate of nearly 176, he's been a match-winner game after game. His latest performance — an unbeaten 87 off 41 balls in the second qualifier against Mumbai Indians — was a clutch innings that propelled Punjab into their first IPL final in over a decade. It was also a painful reminder to KKR fans of what they lost. What netizens said The backlash on social media was fierce and immediate. Fans criticized the KKR management for releasing a proven match-winner and leader, especially after he delivered them a title the previous year. Responding to Gurmeet Chadha's tweet, netizens responded with scathing sarcasm, memes, and humorous financial analogies. Some compared KKR's decision to misallocating capital in a mutual fund, while others joked about "reinvestment gone wrong" and 'confusion in the Iyer name.' One popular sentiment was that Punjab Kings should hold on to Shreyas for life, lest they too repeat the mistakes of KKR. Preity Zinta, the co-owner of Punjab Kings, has been a constant figure of support for throughout the tournament. Ahead of the final in Ahmedabad, she shared a heartfelt video montage on social media, highlighting the journey of the team, its standout players, and the contribution of coach Ricky Ponting. Zinta praised Shreyas for his leadership, calling him a "dynamic sarpanch," and emphasized how the team had gelled together to peak at the right time.
Economic Times
20-05-2025
- Business
- Economic Times
Earnings soft, but broader market shows strength: Gurmeet Chadha
So, US exceptionalism, their bonds as well as equity have been over-owned now for 10-15 years and a large chunk of that will shift both to gold, emerging market bonds and equities. I would have probably been happy with early double digit earning growth, but Nifty is around 8-8.5 and if you see the broader market the first 600-700 stocks that is about almost around 10%. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads "I would have probably been happy with early double digit earning growth, but Nifty is around 8-8.5 and if you see the broader market the first 600-700 stocks that is about almost around 10%," says Gurmeet Chadha Some of it yes. See, people who did not do much, did not bother too much about tariffs and border issues and Trump, etc, have actually been rewarded.I mean, the current problems will disappear, some new problems will come in next three to four months and that is the nature of the market. But from broad macro perspective, things are slightly getting better for India. Crude being at $60 is a huge boost over the medium to long term. Interest rates have come down. System liquidity is has pivoted and all our high frequency indicators whether it is PMI, whether it is IIP numbers, whether it is GST tax collections are showing some uptick. The earning season so far, I believe, has been a little soft. I would have probably been happy with early double digit earning growth, but Nifty is around 8-8.5 and if you see the broader market the first 600-700 stocks that is about almost around 10%.See, each fund manager uses cash differently and there is too much hue and cry being made about mutual funds sitting on three lakh crore of cash. Three lakh crore of cash is not even 6-7% of the assets the industry manages. So, I do not think so it is a big number and same guys who were sitting on cash who were being praised in February, so cash is always a double-edged wants to keep cash for opportunities, somebody believes in being fully deployed saying that the mandate is to be in equity, so it is very difficult to figure out who is right and who is the cash is 20-30% I do not think so that should be a subject of discussion. It is more to feel some pockets fund managers are not okay or comfortable with valuations and sometimes you want to wait for better opportunities in terms of stock picking.I think broad portfolio allocation as I said it is good to be a little more balanced right now. US 30-year yield is around 5%, 10-year is upwards of 4.5 and this will create lot of issues in US economy and will probably make the US government do more trade deals earlier and lessen the tariff my sense is Fed will step in with either liquidity fusion or rate cut at some point of time and some larger shift has to happen. So, US exceptionalism, their bonds as well as equity have been over-owned now for 10-15 years and a large chunk of that will shift both to gold, emerging market bonds and as I said with crude being lower, our fiscal numbers being good, fiscal discipline being there, RBI like to give a large dividend this week, hopefully maybe close to three lakh crore, our macro picture is looking good, so keep some long duration bonds in the portfolio, maybe 5-10% in gold and silver, and equity be a little more largecapish in my view and gradually build it up. But second half of the year is likely to be better.
Time of India
20-05-2025
- Business
- Time of India
Earnings soft, but broader market shows strength: Gurmeet Chadha
"I would have probably been happy with early double digit earning growth, but Nifty is around 8-8.5 and if you see the broader market the first 600-700 stocks that is about almost around 10%," says Gurmeet Chadha , Complete Circle Consultants . I was just going through one of your social media profiles which says that sher puttar after having Chola Bhatura, it was an image of a lion who was just sleeping and resting. So, is that an indication that given the good up move in the markets, one should now take it lightly, take it easy, and maybe have some rest. Gurmeet Chadha: Some of it yes. See, people who did not do much, did not bother too much about tariffs and border issues and Trump, etc, have actually been rewarded. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo I mean, the current problems will disappear, some new problems will come in next three to four months and that is the nature of the market. But from broad macro perspective, things are slightly getting better for India. Crude being at $60 is a huge boost over the medium to long term. Interest rates have come down. System liquidity is positive. RBI has pivoted and all our high frequency indicators whether it is PMI, whether it is IIP numbers, whether it is GST tax collections are showing some uptick. The earning season so far, I believe, has been a little soft. I would have probably been happy with early double digit earning growth, but Nifty is around 8-8.5 and if you see the broader market the first 600-700 stocks that is about almost around 10%. I have also been going through your Twitter because after the tweet Srishti mentioned, I was also inclined to take a look and what I was thinking about and this is something that you have also tweeted about is the cash position that a lot of fund managers, retail investors, a lot of players in the market have been accumulating recently. But the kind of runup that we have seen over the last week, especially on Monday and on expiry day on Thursday, sitting on cash would have made someone feel really-really bad. So, what would be your portfolio strategy going ahead given that you also have gold that on one hand is cooling off, Indian equities seem to have taken off from here, but we do not know what the road ahead looks like. How would you position cash in your portfolio? Gurmeet Chadha: See, each fund manager uses cash differently and there is too much hue and cry being made about mutual funds sitting on three lakh crore of cash. Three lakh crore of cash is not even 6-7% of the assets the industry manages. So, I do not think so it is a big number and same guys who were sitting on cash who were being praised in February, so cash is always a double-edged sword. Live Events Somebody wants to keep cash for opportunities, somebody believes in being fully deployed saying that the mandate is to be in equity, so it is very difficult to figure out who is right and who is wrong. Unless the cash is 20-30% I do not think so that should be a subject of discussion. It is more to feel some pockets fund managers are not okay or comfortable with valuations and sometimes you want to wait for better opportunities in terms of stock picking. I think broad portfolio allocation as I said it is good to be a little more balanced right now. US 30-year yield is around 5%, 10-year is upwards of 4.5 and this will create lot of issues in US economy and will probably make the US government do more trade deals earlier and lessen the tariff impact. Also, my sense is Fed will step in with either liquidity fusion or rate cut at some point of time and some larger shift has to happen. So, US exceptionalism, their bonds as well as equity have been over-owned now for 10-15 years and a large chunk of that will shift both to gold, emerging market bonds and equities. And as I said with crude being lower, our fiscal numbers being good, fiscal discipline being there, RBI like to give a large dividend this week, hopefully maybe close to three lakh crore, our macro picture is looking good, so keep some long duration bonds in the portfolio, maybe 5-10% in gold and silver, and equity be a little more largecapish in my view and gradually build it up. But second half of the year is likely to be better.
Economic Times
19-05-2025
- Business
- Economic Times
Rs 11,000 crore in Reliance shares lie unclaimed, says Gurmeet Chadha warning of IEPF bottlenecks
Responding to Chadha's post, Abhinav Roy commented, 'Retrieving shares from the IEPF is extremely frustrating. I applied for my father's shares, and even after 1.5 years and getting all approvals from the RTA, the shares still haven't been credited!' Tired of too many ads? Remove Ads No of unclaimed shares in Reliance (IEPF account) is 7.4 cr .. amount ~11000 cr Delhi NCR alone has 1100 cr worth of shares which are unclaimed. L&T worth 2000 cr , ICICI bank 1300 cr , asian paints 500 cr… Mutual funds worth 2700 cr are unclaimed.. Pl get ur shares… undefined Gurmeet Chadha (@connectgurmeet) May 18, 2025 Growing pile of dormant assets Tired of too many ads? Remove Ads Calls for reform mount Over Rs 11,000 crore worth of Reliance Industries Ltd RIL ) shares remain unclaimed in the Investor Education and Protection Fund (IEPF), wealth advisory firm Complete Circle Consultants' CIO Gurmeet Chadha flagged, highlighting a growing pile of dormant equity and mutual fund assets stranded amid a sluggish and opaque process of reclaiming such a post on X (formerly Twitter) dated May 18, Chadha wrote, 'No of unclaimed shares in Reliance (IEPF account) is 7.4 crore .. amount ~Rs 11000 crore. Delhi NCR alone has 1100 crore worth of shares, which are unclaimed.' He also highlighted large sums tied up in shares of Larsen & Toubro (Rs 2,000 crore), ICICI Bank (Rs 1,300 crore), and Asian Paints (Rs 500 crore), in addition to Rs 2,700 crore in unclaimed mutual fund urged investors to act swiftly: 'Pls get ur shares dematted, ensure all MFs have nomination and bank details updated. Do a forensic search for your family accounts and seek professional help.'The IEPF, set up to hold unclaimed dividends and shares, has become a repository of dormant wealth as beneficiaries struggle with procedural roadblocks. Chadha's post triggered a spate of responses from investors who shared long-standing grievances about the inefficiency of the system.'Getting shares out of IEPF is the most time consuming and inefficient process. There is no proper process/timelines defined between IEPF and the registrar/nodal officers of the companies. People just give up half way,' one user wrote. Several pointed to issues such as mismatches in personal details and a lack of coordination between the IEPF Authority and company user said, 'I am trying to get it done via an agent. The very first thing he told me was it'll at least take a minimum of 2 years. It's a scam actually. So much of documentation first and then wait at IEPF!'The prolonged processing timelines and poor transparency have led to broader calls for policy-level reforms. 'Govt must ease the process of claiming shares in IEPF,' one user posted, echoing several others who said they were still awaiting share transfers more than a year after filing their claims.'Claiming Shares from IEPF is not so easy task. I filled application in IEPF in dec its in processing. infact application filled in last year nov i.e nov 2023 is in process. so back log is very very high..' another user Roy, responding to Chadha's post, said, 'Getting back shares from IEPF is a real pain. Have applied for my father's shares and it's been 1.5 yrs still not got the shares credited inspite of everything being approved from the RTA!'Chadha's comments serve as a reminder of the importance of regular portfolio maintenance and documentation hygiene in an environment where administrative red tape can erode investor wealth.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
