BEST Stocks in 2026 : Portfolio Strategy for Indian Investors | Sandeep Jain | FWS 83

Introducing Sandeep Jain: Market Expert If I have let's say 10,00,000 of savings, would you say put all 10,00,000 in mutual fund in stock market? Speaker 2 2026 answer is 100% equity. For me 100% equities is good because markets have consolidated. Markets might go up from here. There are good stocks like you know lemon tree, one of the top picks Indrapras medical. You have not asked me about stocks but I'm giving you some names. Last time our Prime Minister talked about Wed in India, Husky Pelinic in India. So this time it is St. in India. So the medical tourism in India has gone up like anything. My two sister-in-law stay in US even if, you know, coming and going back by business class and you know, getting the best treatment here cost just 20% of what they would have costed in US. Speaker 1 Firstly, PMS are not tax efficient. We have much higher commissions. Do you think a PMS can outperform a regular mutual fund? Speaker 2 We believe that mutual fund Sahinia Bajada site Reliance Jio Platforms will be a 55,000 crore IPO. People really make good money in these IPO. Speaker 1 Sandeep, Sir, give me a customized portfolio management service and I give you 1,00,00,000. Which industries would you pick for me to invest? OK. Hey everyone, welcome back to another episode of the 1% Club show. Most of you guys have only one single question every single time, Sharon, which stock should I buy right now? Which stock is going to become 10X in the next few years? Please tell me that and that's all I need to know. I've heard you guys and that is exactly what I'm bringing you on this episode. On today's episode, we are joined by Mr. Sandeep Jain, who is the Co founder of one of the leading brokerage companies based out of Jaipur. Not just that, he has done thousands of ground events over the last few decades. So, Mr. Sandeep, thank you so much for joining us today. Speaker 2 Thank you so much first of all for this wonderful and lavish introduction. I never thought, you know, I'll be introduced like this. Speaker 1 No, I think you're very deserving of that introduction, Sir. You know, you've been doing it for so many years, and I'm a student today, and I'm here to learn from you, right? I am merely an educator, but you're the one who teaches people like me. So I will speak on behalf of the audience now. So the audience who are watching us today is somebody who is between 20 to 40, right? Earning anyway. Speaker 2 Quite old for them then, you know. How old are you? I'm 50 years now. Speaker 1 So that's what they need. They need to learn from somebody who's experienced and most of these guys are earning anywhere between ₹50,000 to 2 to 3,00,000 a month. Investing Strategy for Ages 20-40 This is their income and they're probably are sitting on, you know, 5-10 lakhs of networks excluding their home and all of that. Now for this particular audience, my question to you is in 2025 as we are talking and 2026 is just about to come, if I had ₹100 today, how would you invest today? Let's start with the asset allocation that you would recommend or how you are investing right now. Speaker 2 Yeah, that's a good question. In fact, it's a very important question. So what I suggest is, you know, one should become a very active passive investor. Speaker 1 Active. Speaker 2 Passive investor. Speaker 1 That's the first time I'm hearing. Speaker 2 So I've termed it, I think my name is, I've not, you know, got that R or registered. So patented, I've not got it done. But then active passive investor is basically you should do passive investments rather than, you know, investing directly into equities. It's like you know you're driving a car in the Mumbai traffic from church gate to Sandhiri without a driver. Speaker 1 OK. Speaker 2 And if you come by a metro to Andheri, I think which one is easier? Speaker 1 Metro will be. Speaker 2 Easier metro will be easier, right? Speaker 1 Very good analogy. Speaker 2 So what I feel is, you know, if a person comes by Metro is actually using a public vehicle. So there are many public vehicles which is one of them is mutual fund and if the person is young like my son is 24 now, so I made him invest into micro caps. There are very few micro cap funds. Speaker 1 Can you explain what a micro cap is for the audience? Speaker 2 So basically you know there is a segregation which is done by MV. So every six months MV comes out with the classification of caps. So it is large cap. Top 100 companies of the Indian stock markets in listed on NSC are large cap, large caps. Next 150 are midcaps and the rest are small caps right? And then micro caps. You know again those smaller companies are micro caps but the universe is basically a small cap. There is no category being categorized by them. But NSC has a micro cap 250 decks also. Speaker 1 OK. So OK. Speaker 2 Basically what I feel is you know, micro caps and mid caps and small caps are the ones where people should invest if he is young because you're crowd, your audience, those who are watching us, I think they would love to invest in mid caps because mid cap in last 10 years has given 7X returns, 10 to 11 years Nifty. The large cap has given 4.5 to 4.6 X returns and small cap even has done 4.75 to 5X. OK, so the best and safest and the hedged you are right. Yeah, HEDGEI love this word right? Not because it is your surname, because we always talk about hedging. You know everybody always talk about heads positions. So the most hedged gap is midcap. Got it. So the all those small caps which become bigger comes to midcap and all those large caps, they may not be bad but because other hundred companies are going ahead of it that might fall in midcap. So the midcap is a very, very sweet spotted. Speaker 1 Category of. Speaker 2 Category I feel one should certainly invest in a midcap, a small cap and a micro cap and a flexi cap, flexi cap, multi asset flexi cap. So basically it is generally a thumb rule. Is there that you know 100 minus your age is the? Speaker 1 Equity investing. Speaker 2 Equity investing and if we have more money because there may be people who are watching out of my age, right? So then the PMS comes in that is 50,00,000. So if a person is say 40 plus and he has an amount which he can risk at, you know, then there is a category called AIF. OK. So I feel that, you know, a person should be invested in all these categories because SIP mutual funds you will create a sum which can be invested in PMS or a higher risk or because now in Category 1, you need to be an accredited investor if you are going to invest in category one startups, so you need to be an accredited investor. So that is a tougher thing. But then you know, category 2, category 3 categories basically pure equities. So people you know invest in those also. So we generally recommend that you know, you should divide your things in this yesterday only I was meeting a person who has more than 100 crores of portfolio in Jaipur only. So he was investing in mutual fund also. He was invested in AIS also. He was invested in BM, s s also and he was trading on his own also. Trading on his own is like, you know, you have to actually that craving of you know, doing the trading is also there in everyone. So we feel that you should do that also. We will give you research for that, don't worry. So this is how you know. So basically metro is the public vehicle, chauffeur driven car is a PMS and a higher chauffeur driven car is an AIF. So you know those categories are there. So we feel that active passive investing is the best thing one can do. One can do justice too and he should have a mentor and an invest advisor every time in every decision. So that's very important. Otherwise people really lose track and people get demotivated. Also at times, you know, people have started investing directly in even mutual funds also. I really, you know, actually discourage that because I feel that you're investing through a mutual fund advisor or a financial advisor at times really helps you in getting motivated also or at least stay invested in bad markets also. So it's very important to be, you know, having a melt or order financial advice. Can PMS Funds Beat Regular Mutual Funds? Only if you mentioned about these other exotic products like PMS and EF, Yeah, you personally also has have a PMS, right, Right, right. When did you launch your PMS? Speaker 2 We launched it last year only, so it's just 14 months. Speaker 1 And can you in the last 14 months, I think market has been mostly flat? Speaker 2 Very difficult. Speaker 1 So how was your PMS performed? Speaker 2 Oh wow, that's a tough question to answer. But then yes, we are lucky that we performed very well. We outperformed all the indices, fortunately. Speaker 1 OK, you can't tell the numbers. Speaker 2 Why? Yeah, it was 16.21%. OK. So basically both Purnima was the day in month of May we started our PMS, OK. So since then the inception returns like the absolute return is around 28%, OK. And October and we ended with 16.2% categorized. So basically annualized return is. Speaker 1 You know, before I get into that, a lot of people are not sure about PMS today, right? Because the reason that they say is that firstly, a PMS has very high expense ratio. It's usually 2 1/2%, right? People are like Sharon, why should I put in PMS? They're asking 2 1/2%, whereas the normal mutual fund is asking .5% on top of it. A PMS is not tax efficient because there's a lot of buying and selling in a mutual fund. Even if a mutual fund manager is buying and selling, there is no short term tax that is applicable, right? But in a PMS, if you're doing that buying and selling, you will have to pay 20% tax, which will pass on to your investors. So in that sort of structure which we are today right now where PMS are not tax efficient, we have much higher commissions and in some cases also have performance fees, do you think a PMS can outperform a regular mutual fund? Speaker 2 Oh yes, it can, it can. Why? I'll tell you see, basically in a mutual fund, there are times, you know I will not criticize because I sell mutual funds also to our clients and we believe that mutual funds Sahinia bhar Jada sahir, right? Wait, punch line is there, right? So I feel that mutual fund is too good and there is no good passive investment than mutual fund as it is tax sufficient also, right. But then you know, PMS is like, you know, mutual fund is like buying your truso from a departmental store. Speaker 1 Truso. Speaker 2 Marriage. Speaker 1 Or truso. Speaker 2 Yeah, right. And buying a PMS is like going to a boutique store. Speaker 1 OK. Speaker 2 And AIF is like going to a designer store, OK, So that's the difference. You know, lots of times when you get very customized, very specified and we customize also portfolios, OK. So it's very important well curated portfolios are there. Lots of times you know that the number of scripts in a mutual fund goes too high, but here you get right size of portfolios. Speaker 1 So let me give you an example. So let's say the Nifty 50 has given 15% returns for example. Now if you as a PMS also give 15% returns, you are actually going to get probably only two 12% to the client because there is tax and there is higher Commission, right, which means you need to generate 18% return generally to even match up to Nifty 50, right? Yeah, yeah. So my question is, isn't it difficult to consistently be at an alpha of 3 to 4% over Nifty 50 for a PMS to even break even with the market? Speaker 2 I think I have seen many of the PMS is doing this and we have been doing it and I think we will be doing it over the next 5-10 years also. That's what I feel because. Speaker 1 That alpha of three 4%. Speaker 2 Yeah. I think I, I because see, I cannot unnecessarily claim that it will sound too boosty. But then somehow I feel that, you know, the kind of research we do, the kind of deeper study, I don't say that others are not doing, but we feel that we will certainly outperform all the indices in the longer run also because of the kind of study and the kind of efforts we put in. At times, you know, when you are a departmental store, you have lesser focus on your portfolios, right? And then at times we do curated portfolios also. So which is a very big thing, you know. So I think you know, it's up to the fund manager also it up to the research team also. Lots of other things are also there. Tax certainly is a big factor, but only tax cannot be the deciding. Speaker 1 Factor OK, yeah, so let us go deep dive into this right. So let us say I come to you and Sandeep, Sir, I'll be like give me a customized portfolio management service and I give you 1,00,00,000. Sandeep Jain's Unique Investment Philosophy You caught my words right? Speaker 1 I give you 1,00,00,000 now this 1,00,00,000 as of today, which industries would you pick for me to invest? Speaker 2 OK. So you are putting the same question in a different way which I was talking about. Yeah. So basically we have cap, you know that we will not invest more than 4% in a stock generally, OK, 3 to 4% in a stock. So generally 20 to 25 stocks, OK. So 4 to 5% maximum in a stock, sure. And in a sector we will go not more than 10%. Speaker 1 So meaning at least 10 sectors will. Speaker 2 Be 10 to 12 sectors, eight to seven, 8% is basically the average which we have in our portfolios. Sure. So what I feel is, you know, rightly diversified sectoral in classification and stocks around 20 to 25 is a good hedge again hedge, Yeah, OK. So I we feel that it is a very safe bet and this is what we have learnt over the period of say 15 to 20 years of our trading experience also. And we have seen lots of our successful clients implementing these because we are brokers. So we have been interacting with all these clients who are very successful. And in our office also in out about 35,000 clients, I feel that there are just 100 to 150 success stories in futures and options. But in cash market and deliveries, yes, there are, yeah. Speaker 1 Wow, out of 40,000 of your customers, only 100 and 150 people are successful FNR traders? Yes, OK. Speaker 2 And so I, I feel that, you know, our regulators are doing a great job right, of sensitizing them against futures and options. I must say that. Speaker 1 So let us say if I am a investor who was looking for that passive active investing strategy and I come to you, Yeah, so you said you, you will put it across 7-8 different sectors. Don't you think that some sectors will be better performing than other sectors right now when you invest in is to all? Speaker 2 Sectors, Yes, yes, it's a great question and it's a well put, Yeah. So basically the sectoral classic churning is very important, OK. Like now you know post budget there was a different theme, post GST card there is a different theme. So government policies really have a very big impact on the choice of sectors. OK, right. So basically. Speaker 1 So right now let's speak November, December time, yeah, what are the sectors which. Speaker 2 Are. So I'll start with ho ho Ho. Top Growth Sectors: Hotels, Hospitals, Home Improvement What is this Ho ho? It sounds different, right? Ho Ho is hotels, hospitals and house improvement and construction. So basically this is my own, you know this thing yet not hard and registered right. So Ho Ho is first is hotels very bullish on tourism the way you know, the religious tourism, the way wedding tourism, the way tourism is promoted in India. And last day it was promoted or it has been promoted since last 5-7 years. It has never been like this and people believe in domestic tourism also now because the infrastructure is now really good. Then there are good hotel stocks, you know, maybe EIH hotels because I'm from Jaipur, so I've seen their properties in Jaipur, so famous for, you know. Speaker 1 Name some hotels. Speaker 2 So like you know Trident and Raj villas, Vanya villas and all these properties are excellent. They are world class properties in India. OK, so EIH is Opera group hotels, then ITC hotels, then even Taj, Taj GVK is Hyderabad based. So then we have seen how Indian hotels have performed. So Indian hotels is basically Taj group. So these hotels are doing excellent and they will keep on doing it now the kind of kaggard they have been giving. So I think hotels will do well. There are many small hotel stocks also which we have been recommending like you know Lemon tree. Last time I you know stayed at Orica, OK, I went for a seminar in Udaipur. I was staying at Orica in Udaipur. Then last time I came for a budget show, special budget shows, e-business, I stayed at Orica in. Speaker 1 Orica is the lemon tree. Speaker 2 Lemon Trica luxury chain hotel. Okay, okay, so Orica is all the, you know, categories, okay, right from, you know, business hotel to a luxury property. So I think, you know, there are many good hotel stops which we can, you know, look at. So these are some of them. Speaker 1 That is one who one who is done. Speaker 2 One who is gone? Yeah, the second who now that is hospitals. Yeah. So hospitals and healthcare and diagnostic chains. I will say that you know that healthcare sector is amazing. So in this budget, if you remember, so treat in India. So last time our Prime Minister talked about wed in India, who Skip Eli was talking about make in India. So this time it is treat in India. Speaker 1 What this? Speaker 2 Budget So the medical tourism in India has gone up like anything like my sister-in-law, two sister-in-law stay in US but when they have to get themselves treated, they come to India. Speaker 1 OK. Speaker 2 Even if you know coming by a business class, coming and going back by business class and you know getting the best treatment here cost just 20% of what they would have costed in US. Speaker 1 Well. Speaker 2 So they've done this twice in last two years. So they have double incentive, you know coming and meeting the relatives also and getting treatment at a cheaper cost also. So if you go to hospitals in Mumbai, Delhi and these metros you will see many white and you know non white people getting treated in India. Speaker 1 Interesting. Speaker 2 So I feel that, you know, medical tourism is going to be great. And previously in the past years, the medical infrastructure was not all that great. But now other than Mumbai, all the other cities also have good hospitals. You know Bombay, Bangalore, Hyderabad, Coimbatore, even Jaipur has got some good hospitals. So medical tourism, hospital infrastructure is amazing. So hospitals are going to give very good returns because the average rental per occupied bed is going up. Speaker 1 OK. Speaker 2 So that is very. Speaker 1 Prices are going up. Speaker 2 Prices have R pops. It is the basically the main I think MPIK key performance indicator of hospitals is R pop. Speaker 1 R pop Yeah, What is that? Speaker 2 Average revenue per occupied bed. Speaker 1 Average revenue per occupied bed. They track this as a business. Speaker 2 Metric this, yeah, OK. Just say if you track a telecom stock, you're toward ARPU. So every sector has their own. Speaker 1 Metric. Speaker 2 Translation metrics and the key performance indicators. Speaker 1 So hospitals, you need name in your hospitals. Speaker 2 So basically there was there was a Noida based chain, you know, we talked about Yatharth Hospital, yes. Speaker 1 Yatharth Hospital. Speaker 2 Yes, one of the top picks again a disclaimer, you know it is there in our PMS also. So in the press medical and a fantastic story, you know one of the promoter is Apollo Hospitals. OK. So Apollo Hospitals again is like you know they have AP multiple of the 70, but Indrapras hospital was running at 2025 P multiple when we started recommending that stock on Z business and now we have it in our PMS also. Speaker 1 Interesting. Speaker 2 Then there are some good hospital stocks again like you know the bigger chains also. Even Apollo Hospital is doing well. Then you have talked about. Then Indrapras is again. Then I'm missing 1-2 names. More than once it comes to mind. I'll talk about them. Then the third is HOHO 1/3 HO is house improvement and home improvement. Speaker 1 What is that house improvement? Speaker 2 Yeah. So basically, you know, constructing a house, there are many building materials like say plywood or a laminate or say interiors, house interiors like marble tiles, all this stuff. Speaker 1 Simple is one of the. Speaker 2 Simple is not listed yet. It is very active in the unlisted space. Many of the big investors are invested in that. Speaker 1 I see the lot of their ads. Speaker 2 Yeah. So in the past we have recommended Kajaria Ceramics. It's a ₹30. That wasn't, say, 2008. There are many stocks I remember, you know, being recommended very low levels and then they are like multi baggage now. So we are very bullish on say Stylam Industries. I recommended that. So Golden Laminates was the old name. Now Stylam Industries, it is one of the biggest laminate manufacturing companies in the South Asia, all of South Asia. So basically this is a good company. Then again Century Plywood is a good company. So then there are good paint stocks also now Asian Paints is at a very good level. So I know you can basically after the news of this big heavyweights coming into paint industry like say JSW and Bilas, so Asian Paints came down, it cracked heavily. But again it has bottomed out and now again it is going up because first mover advantage will always lie with the Pioneer, right? And the same thing is happening in this industry. Whenever a new player comes in, he's too aggressive. We will go here and there and, you know, higher and try. Speaker 1 To disrupt the. Speaker 2 Market try to disrupt the market but after a year or two or a year or maybe three years he realized that you know he has lost huge amount of money in disrupting and yet his things are not settled. So till that time you know these old players are very matured and they will leave that new player to spend money on that disruption and get tired and that is what has happened in the industry. So the paints industry again Asian Paints is a great stock, great story. So it is a buy on dev story from our side. Speaker 1 So whatever you recommended. Speaker 2 Right. Event stocks again, OK, when you talked about cement is brilliant Mala, that's a brilliant story because despite being a commodity, you know they have a very good P multiple because there is a brand story also with it. So like Ambuja ACC, after being taken over by Adani, there's a huge amount of consolidation in the industry. So we are very bullish on this large caps like Ambuja and smaller stories. There are many smaller stories in the cement stocks. So I think you know, cement is going to do very well and cement despite having a very rigorous monsoon this time. So, you know we had a very good cement sale this time in the last quarter also. And again, coming quarters, I think cement will do really well. Speaker 1 So you mentioned these three sectors, ho ho ho, hotels, hospitals and house improvement. Speaker 2 House, Yeah. Speaker 1 So you're recommending these sectors for long term investing or just for this year or next year? Speaker 2 It is there for long term. We are very bullish on these three sectors because so. Speaker 1 I can just invest and forget for five years. Speaker 2 Yes for these because after the GST cut, the insurance sector is GST free. So because of this GST cut, these hospitals will have more patients. How Tax Cuts Boost India's Consumption Maybe you know, more patients going to a hospital and expecting that is not right. But when it comes to business, yes, they will get more business because now people will buy more insurance because health insurance, I'll just give an example of my father and mother, you know, buying a health insurance for my father and mother, we have to pay a huge amount, right? Because they're agent, right, correct. And even if they charge GST, they should have different categories. For youngster it can be different, for age-old people it should be different because old age people really need insurance because they will need some medical help, you know. So finally our finance minister actually heard to our request. So now it's totally tax free. So there is no GST on insurance, health insurance. So basically GST, income tax cut. So that Tri cut I will talk about, you know, the income tax cut 12,00,000, which is again a huge thing, you know, that will really help banks and NBFCS because the eligibility criteria own eligibility criteria will go up. Now people will have more money, they will spend lesser, they will have more money. So if 12,00,000 is being stoned, because lots of times, you know, people really try to be, you know, more tax efficient, maybe you may not, you know, connect to it, right? Because there are people, you know, in the 3rd and 4th tier cities, OK, in Bharat, you know, people are not actually aware of, you know, paying taxes. They are not aware of, you know, paying returns, bank cards. So all these things will happen now you know. Speaker 1 So there will. Speaker 2 Be a great formalization in the economy. Speaker 1 So you're saying a lot of people were not reporting their income because they were not aware of what the? Speaker 2 Taxation system, yeah, so now you know, up to 12,00,000 if people start reporting their income so they're tax free. GST is tax free. Then there were tax rate cuts also by the RBI governor. So the RBI has cut rates twice or thrice. So that is a huge try cut. So basically rate cut, income tax cut and GST cut, right. So this is going to bring a big consumption boom in the country. Speaker 1 So consumption is going to increase for sure. Speaker 2 For sure, but your why goods are, you know, the luxury goods people will start buying them, Yeah. Speaker 1 So you're saying that these three sectors will benefit from all of these things? Yeah, for invest and who get right now, Yeah, you don't have to worry about selling them, yeah. Speaker 2 Got it. And now again, one more sector that is the capital market ecosystem. Speaker 1 So let's talk about Grow. GROW recently went IPO and it is listed I think almost worth $12 billion at the moment. What Investors Should Know About Grow IPO Yeah, yeah, yeah. Do you think it's fairly valued And if yes, how more do you think it can grow? Speaker 2 See, when I also do make some videos on IPOs, people on popular demand. I've been doing this. People really love to listen to my IPO commentaries, so I recommended that, you know, yes, actually the best part about Grow was that they left something on the table for the public. Lots of times many of these promoters have become very greedy and they're not leaving anything on the table for the investors. But Grow has done reverse and they left something for the investors and it grew heavily. So money has grown and. Speaker 1 Grew by 7070% in the first one week. Speaker 2 But yet you know, looking at grow the whole ecosystem actually got repriced. The whole ecosystem means BSc started going up, CDSL started going up, CAN started going up, NSDL started going up. There are many other sectors like we are very bullish on water, wastewater management and water management. India's Critical Water Sector Opportunity OK. If you see India has around 17% of the world population, right? Right, 1617%, correct. But only four to 5% of water resources are there in India, OK, of the whole globe. So see the mismatch. So the government is very, very cautious and is getting prepared for this problem. Speaker 1 Interesting. Yeah, this is an essential commodity. There is a demand supply mismatch, yeah. And government needs to invest in it for the health of the population. Speaker 2 Yes, right. Speaker 1 So you're saying water restoration companies? Speaker 2 Water management companies, you can say like Ion Exchange, we have invested in Ion Exchange that's they're not PMS. Speaker 1 Ion exchange. Yeah, Ion. Speaker 2 Exchange ion exchange. Speaker 1 OK, what do? Speaker 2 They do 0B. They have seen 0B. Speaker 1 0B. Speaker 2 Yeah, that's basically a filter basically. And they are also into water filters and in the industries also, they basically install the water filtration plants. Then they do other water management projects also for the government, infra projects, EPC projects. So it's a beautiful company. It started and I have started recommending this since long, you know, 7-8 years. So now there is a company called Vatic Wabag. Also there are lots of companies in the sector. Again, Enviro in Fry is there. It's a brilliant company. So there's a wastewater management company, water management company. So these companies are really doing well. So all disclaimers there, they might be in our PMS that we might have been recommending to our clients right here and there so. Speaker 1 So, OK, so this is another sector which I was not really thinking about. Speaker 2 Yeah, you did surprise. Yeah, you. Speaker 1 You've not spoken about the popular sectors like pancakes. Speaker 2 Yeah, I will. I will come to that. I will come to. OK. I thought I will just wait and you know, you put me questions but. Speaker 1 No, because I wanted you to tell me in the order of importance and order of priority. Great, great. So you started in the. Speaker 2 Booking and finance, yes, this will do well. Deep Dive into India's Financial Sector And in that particularly private sector banks have been doing well. They are the darlings of the Fiis. OK, Yeah. So they are doing very well. And you know, Fiis. Speaker 1 Why are they doing very well like people keep talking about bank banking stocks? Speaker 2 And we have seen ICS Bank and HDFC banks because, you know, these old generation private sector banks and the PSU's had the problem of, you know, services in the past. Now they are very good. They have, you know, realized that problem and now they're getting better and they are giving good competition to the private cousins. But in the past they have actually taken people for granted. So that's why a space for, you know, these private sector banks. Speaker 1 Was created like I say. Speaker 2 ICS Bank, HDFC Bank, Access Kotak, they are doing phenomenally well and they have done in the past. Speaker 1 Because they provide better service than the government. Speaker 2 Better services, innovative services at the doorstep, you know, correct. So we are also the customers of even SBI also. We are the customers of ICICI Bank also. But now the difference is reducing. Things are getting better. PSUS are also doing better. So the whole ecosystem has gone better. Now we must say that you know we are in a very, very well regulated country. I travel a lot. I have seen other countries also. We study a lot about other countries regulations. But Indian regulators say be RBI and all those regulators are regulating our country very well. And the best part is the retail investors are very, very secured here. Maybe out of, you know, ignorance, many retail investors might lose because they are not actually trying to be aware of things, you know, whatever are there. Speaker 1 So you're saying when it comes to the banking sector, private banks are doing? Speaker 2 Even PSU banks will do well because now the regulators and the government is now trying to merge all these banks. Lesser number of banks really. Yes, just four or five banks will be there then they are very, very well capitalized now. Then the NPA problem. Speaker 1 You're saying the banks total number of banks in the country will become they? Speaker 2 Will try to reduce it to four or five PSU. That's it. Speaker 1 OK, not happening. Private will be private. Speaker 2 Private will be private, but PSU banks like SBI will become a huge player. So the government is really working on that. You know they want huge banks from the country yet you know we don't have banks in top ten in the world. We have top 50, top 100. So HDFC can be one candidate. You know, then SBI will be one candidate. So all these banks are very well capitalized also and the potential is huge. So for a simple, you know, 15 to 20% Kaggar, if you ask me, a buy and a forget story can be these stories. Got it. Buy and forget stories can be MCX can be a buy and forget story. I think to my best of my knowledge, it is the only single monopoly business in the country. Every other business is a competition. IR City is one of them. Maybe because ticketing is there, but yet I feel that MCX is no competition. Other exchanges are trying to come up with commodities but they are not getting successful. Great NSA is a competitor in the form of BSENSDL is a competitor in the form of CDSL. But MCX CAR there is an Agri Commodity Exchange, NCDX. We are members of all these exchanges but MCX is purely into, they are more active in the non Agri segment. So there are these companies. So I feel that you know banking and finance and the larger NBFCS will do well. OK, bank promoted NBFCS and the large corporate backed NBFCS are doing very well. So NBFCS going to grow here like L&T Finance holding or M&M Finance and all these but L&T Finance, Sholamandalam Finance, we have seen gold loan bank companies are doing very well. Mutual finance, Mannapuram Finance, even a company called IIFL Finance, we have been recommending this stock. So I think there are N number of stocks you know which are being well in these respective sectors. And then defence and railways are there infra. In the last rally, Infra was the big hero, but in this rally, Infra is not working at all. Speaker 1 Why? Speaker 2 Generally we have seen that you know your last Aliga got out the ways when you know that. Speaker 1 But India still needs a lot of infrastructure. Speaker 2 Yeah. So huge spending and they will do well. It's not that they will not do well, but then you know infra, in infra there's a problem of order book in there is a problem of there are lots of problems, you know, in terms of the competition. Also, there's a, there are some problems relating to, you know, how they get the business. So I feel that, you know, people have become cautious now in terms of infra companies, investors have become cautious. Speaker 1 What about IT companies in India? Because of the AI boom that's happened, IT companies and they will do. Speaker 2 See, there is a real problem of AI, right? AI boom, yes. So since last few sessions, 10-15 days, those big yeah, heavyweights are going down in US, right? They're coming down, right? So suddenly, you know, Indian companies have started looking better enforces due to buy back, it has bounced back. TCS are actually started, you know, bottoming out at CL tech is certain and out performer. You know, out of my channel check when I was in USI was just talking to people there. You know what will happen to these Indian companies. So someone told me that that CL tech is really resilient and they are actually trying to, you know, getting better, you know, with things changing so they are able to change themselves faster. And so I feel IT companies will do well. Lots of midcap IT stocks are also there. Like we recommended data matics again, it's at a very good level 1 can really think of that stock. Then there are some IT hardware companies like you must be using many routers and all. So there are some companies making routers. Then I think IT stocks has a good valuation and they are getting into data center also. Data center is a big team. Somehow I feel that the valuations are very so. Speaker 1 What? What are the data centre companies? Because people say because of AI we need a lot of data centre. But in India, what is the data centre companies coming? Speaker 2 Up. So like TCS has announced a huge infrastructure, data centre infrastructure, OK, there's a company called Anantraj, they have come up with a very huge data centre setup. There's a company called Techno Electric, which is again one of our portfolio stocks. They have created a data centre company vertical. So data centre is going to go up, but then it's a very capital intensive business and the returns may be lessen in the longer run. So that's why I feel that, you know, just because of you having money and just because government is giving huge incentives and tax benefits, people are now coming up with data centers. But in the longer run, I feel that yes, it is an important sector. It's a huge infrastructure business and there's a huge opportunity. But somehow from the investment point of view, I will still wait for the valuations to come down. Maruti, Hyundai, and Auto Ancillary Stocks And let's talk about automobiles, because that is where there's a lot of competition. Speaker 2 This is my favorite sector. Speaker 1 Intense competition, like you never really know who is on top because every other month there is some new car coming out. I'm like, wow, what an innovation. Speaker 2 But Maruti. Maruti. Speaker 1 But why Maruti? Because there is so much competition, international players coming in, EV transition is also happening. Don't you think it's a? Speaker 2 Very biggest beneficiaries Maruti, why even Hyundai is also one of the beneficiaries. That's why Hyundai is Can you explain why? Because GST on the luxury cars has not been reduced. Speaker 1 OK. Speaker 2 CC and those criteria are there. So thousand CC criteria, I don't remember exactly the criteria, yeah, but so Maruti and Hyundai, they are like the biggest beneficiaries. OK then. Speaker 1 They make the cars which have the least GST. Speaker 2 Yeah, and then everyone's first car in Bharat, not in Mumbai, Bharat ka Matlab. I'm talking about Tier 2, tier 3 citizen. That's the real India. If you go to those cities, you will see everyone's first aspiration is to buy a Maruti car or a car. So I'm not saying that I'm not here to promote Maruti or, you know, recommend Maruti. But yes, I'm very bullish on this sector. Speaker 1 I think living in Mumbai, it's difficult for me to relate with Maruti because I see BYD launching, Tesla launching. So when you say Maruti, I'm like. Speaker 2 See, I am born and brought up in Assam from a small town called Nalbadi, went to Guwahati for 12th and then came to Mumbai for my graduation and then back to Jaipur. So I've seen, you know, for different levels of cities in my life and lots of relatives travelling, stay here and there and we keep travelling. So you know, Maruti, yes, then Hyundai is doing well and then auto ancillary stocks. I always believe in ancillaries. So if we are bullish on power, we will buy power ancillary stocks. Speaker 1 Can you explain what are ancillaries? Speaker 2 Ancillaries are basically those who are catering to the main sector. Like for automobiles, you need lots of automobile parts and accessories and all. So we will, you know, go to an automobile ancillary company like, you know, Ascotto is one of our topics. Speaker 1 Basically the B2B companies for the mega B2C companies. Speaker 2 You can say that, yes. Speaker 1 Because the risk is intermediate, the risk is not on me to do the marketing. I will sell it to all of them. It's like they're selling the shows. Speaker 2 Yes, they have lots of OEMs as their customers. So like you know, in gensapier gems. Also, I remember one of the stocks called Lumex auto tech. So whatever lights you see there is a you know what a brand called Lumex being written. You know, if you drive a bike, also ride a bike or you see a car, Lumex is there. So Lumex Auto Tech, Lumex Industries, Ask Auto, all the brake shoe pads being you know around 70 to 75% of the 2 Wheelers have breaks shoe pads from ask auto. Speaker 1 So the same person is same company supplying everyone to all the. Speaker 2 Companies, endurance technologies again you know related to Bajaj's family, so you know they supply to Bajaj also they will supply to Hiromoto Corp also they will supply to anyone. So basically auto ancillary companies have Scrumsman automation, again one of our, you know, good picks. So we have seen lots of these auto ancillary companies doing very well since August 15th, August 15th GST card was being announced and on 18th of August I recommended 3 auto ancillary companies on Gensafke Gems that day. So Subros like they are into automobile air conditioning. So Subros is a great stock. So all these companies yes, good that you have asked me, I was coming up to that. So auto ancillary auto companies, defence, yes, it will do very well in the long run, but in the shorter run evaluation concerns are there railways, government is very, very well focused on that, right. So telecom is again a big industry. I think data is the new oil and we know how we are using data, right? So everywhere it's only data which we use every day you're. Speaker 1 Saying it's a good idea to invest in a Geo right now. Speaker 2 Geo yes, that's what Reliance is going up. Will Jio Platforms IPO Be a Cult Stock? So Geo platforms is coming up with an IPO saying the next calendar year by March, I think they will be coming up with their IPO. That's what I feel so Reliance is a telecom company also and it's a diversified conglomerate, oil and gas. So Reliance Geo Platforms will come up with a huge, huge market cap and I think it will be a 55,000 crore IPO. So I really you know, want to suggest to all our viewers that you know, whenever you are there even a minor can open a Dmart account. People don't know about it. Every married person should have a HF account. OK, so in a family generally husband, wife HF and two children 5 accounts and if you are in a joint family you can have number of accounts. So basically in all these you can invest minimum 15,000 right? So I feel that you know when there are there are lots of times you know there are cult IP OS. Cult IP OS means you know who changed the perspective. And NSDL was one of them. As I told you that you know, Maruti was one of them. In the past, we saw Coal India, then there was a negative cult IPO, which was Reliance. You don't remember that? That was 2008. So it's spoiled the whole ecosystem. So people stopped investing in IPO. So Gio, let's see what is the pricing because at this point of time, we cannot, you know, recommend. But I feel that people should be ready with all their DMAT accounts to invest in these kind of IPO. People really make good money in the IPO. Speaker 1 Sandeep, Sir, for somebody like you, how much percent of your money is in the stock market? Sandeep's View on Property vs. Equity Yeah, that's a good question. Again. So generally I feel that, you know, for for me, I did a mistake in 2012 thirteen, you know, first time I made money in my business, I invested in real estate, OK, I didn't make a portfolio, OK, I didn't have confidence on my, you know, conviction or my knowledge. Speaker 1 What did you buy maybe? Speaker 2 Because I was young that time. Or you know. Speaker 1 What did you buy at real estate? Speaker 2 I bought land again, you know, in real estate also, it's a very important thing to understand. In Bombay, you can buy a flat, you cannot buy a a raw land. You know, it's difficult to buy a raw land. Speaker 1 Amitabh Bachchan has a house here, but we can't buy a house. Speaker 2 Yeah. You cannot buy a house, right. And even a empty land, you know, we generally recommend, you know, you should buy, you should not buy a flat if you don't want it, you don't buy that. But it's a depreciating asset. It's not an appreciating asset. Speaker 1 You're saying flat is a depreciating? Speaker 2 Depreciating asset because the flag gets older, right? After 10 months, I come to this office. It will be older by 10 months. If I come after five years, it will be an outdated office. OK, Today it's a beautiful office. What a swanky office. What a stylish office. I came, I entered. Wow. What's it so you know? Speaker 1 So you're saying because the buildings get old, yes, the value will be depreciating after some? Speaker 2 Time if it will appreciate but not but one feed the way. Speaker 1 Inflation is going. Speaker 2 Inflation or the other form of property will go up. So there is REIT also. We always recommend, you know people can invest through REIT, but REIT there are some issues to it and but yet we feel that you know REIT can be a very safer instrument. Speaker 1 So would you say this only for apartment? But what about commercial building? Speaker 2 Yes, you should invest in a commercial property. But again, when coming up to commercial property, there's an alternative called REIT. Also, you can invest in an REIT, then, you know, you buy a land. In Jaipur, I invested in a land, I bought land and I invested my money there. Then I realized that, you know, land is appreciating. It's a 6% per annum. That's it. Yeah, that's it. Speaker 1 But I thought usually land grows faster because. Speaker 2 Faster than others. There are examples where you know you will see that 3 to 4%, maybe Bombay. See, every city has their own economy, every city has their own dynamics. So it has to be very, very specific because I was in Jaipur. I will talk about my experience in Jaipur, Bombay May yes, I have seen people buying a flat incorporated ₹100 and now it is what price. But again, when you categorize it, it will be not more than 15% or 12%. So the best thing to invest in is stock markets. Believe me, this simple SIP in mutual funds will make you rich for sure. So I feel that, you know, if a person has to become rich, first a person should buy a term plan, he should do risk management, right? Risk Management and SIP for Wealth Financial planning of first part is then second he should buy a good health plan. Third, he should buy a good accidental plan. OK, then he can buy a home insurance also OK, then he should start SIP. Whatever money is saved with you know he should start an SIP and 5th is he should focus only on his work, risk management, investments and work. Because if you start trading on your own, you cannot grow by 20% your portfolio. But if you start working well, your salary enhancement can be. Speaker 1 Definitely more than. Speaker 2 20 more than that, yeah. So we feel that you know, there are some amounts still threshold amount. I don't think that you know a person below 25 black stock capital should invest directly in stock markets because even if you make 20% that is 5,00,000. Speaker 1 Right. Speaker 2 So doing a good job and justifying to your job is more important. Mr. Buffett is still trading, still investing. So I, I, I suggest that you know, during the age of 25 to 40, you should start earning. Only you are not married yet. Still you are doing so well. I don't know where you will reach, when you will be 50 or when you will turn 40. So now you just, you know, make money. Then you start trading after the age of 45 or 50. So we feel that, you know, that time you can do trading, but that time you cannot do maybe, you know, lots of things you cannot do after 50 or 60. So I feel that, you know, at the age of 35, Sunil Gavaskar used to look old, you know? Speaker 1 OK. Speaker 2 When he was, you know, people started saying that please retire now, you know, OK, well, that time, you know, so 37, he got retired. So every system has their own retirement ages, every aspect has their own, you know, dynamics. So I feel that, you know, it's very important to work, focus on your work. And so these five things, if a person does and if he reads 20 pages a day and if he watches a podcast like yours, sorted for life. Speaker 1 But my question is more around the risk management that you mentioned insurance the whole year. But let's say after taking care of my insurance, if I have let's say 10,00,000 of savings currently, would you say put all 10,00,000 in mutual fund, in stock market or would you give some multi asset? Speaker 2 Allocation. See, that's a good question. Again, you know, always I feel that, you know, typically if I have to answer this theoretically, if I have to answer this question theoretically. Market Predictions and Real Estate Decisions You mean theoretical answer and also 2026 answer? Speaker 2 OK. OK. So 2026 answer is 100% equities 100% three 100% equities is good. Speaker 1 OK. In 2026. Speaker 2 2026 because I feel that you know, markets have consolidated, markets might go up from here and if you are invested for long run it hardly matters. Speaker 1 So what about? Speaker 2 It is about the young age people for you know. Again, it depends on the risk profile also, but generally what I suggest is 60 to 70% in equities, 10 to 20% in bullion and 10. Speaker 1 Bullion means gold. Speaker 2 Gold, silver, yeah, and 10 to 20% in FDS and you know, interest varying instruments, so there are REIDS, invades, you can invest in them also. So that's about a percent. You get an yield there. Then properties again, Gold again, you know, 10 to 12% this time, yes, gold is outperformed. Silver is outperformed. That's a different issue altogether. But generally, you know the historical returns are 8% to 9% in gold, 10 to 11% in silver and equity is 14 to 15%. So basically equity will always outperform and that too. Also a no brainer investment is investing in a Nifty ETF. ETFs are no brainers. ETFs are getting popular now in India. As we have seen in US, people only talk about ETFs. They trade through ETFs. They invest in ETFs. Speaker 1 So then when should I buy a house? Speaker 2 See, buying a house, you know, when I I'll take give you my example, you know, I was very sure that I will not buy a house. Speaker 1 OK. Speaker 2 At the age of 25, I got married immediately. You know, there was a need of by I was staying in a rented house. Suddenly, you know the women of the house, they actually aspire to have a had their own house. They love their house because they have to stay there. Speaker 1 See, I've heard three guests tell me the same answer. Speaker 2 I know that you have to buy your own house. Speaker 1 What? Speaker 2 Does that mean family life, married life? You need to buy a house. It is not for you because your wife, your spouse if she is not working. So those who stay apart, men can also stay at house. So those who staying at house, they want a good house, own house. Speaker 1 But why can't a rented house be nice? Speaker 2 Yeah, it is, It is. I have seen one of my friend, my mentor, he's in US now. What has he done? He he rented a house in lower at ₹1,00,000 a month and he was saving on 5,00,000 of EMI and he was investing that 5,00,000 in mutual funds. And after that he bought a bigger house, correct? Speaker 1 So right now I'm 30 years old and majority of the audience would be there in their mid 30s. Would you recommend them to buy a house right now? Speaker 2 First you should be settled. You start making money and then you know if you have a very good salary. So it is always advise, it is always advisable to spend lesser than what you earned. Speaker 1 So give me some numbers like today. Speaker 2 If you buy a flat in Mumbai. Speaker 1 So let's say I'm a 30 year old person making 1,00,000 a month and I have 10,00,000 of savings. According to you, when should I buy a house? Basically, what should my salary be and what should buy net worth be before I even think of getting a home loan for buy A? Speaker 2 House that depends, you know, what are your aspirations, what kind of flat you want. Speaker 1 I want a three BHK house 3. Speaker 2 Where do you want? See, when I was in Mumbai, I was looking for a flat in Mira Rd. Speaker 1 OK, that's too far. Speaker 2 That's too far. So if you go to Mira Rd. you can buy, but if you want to go to Juhu you may not. Speaker 1 No, forget Juhu Bandra, that's not the. Speaker 2 You go to Borivali still, you know. Speaker 1 So let's assume like Borivali Borivali andheri Hawaii that's. Speaker 2 I don't know much about Mumbai these days. I don't know the. Speaker 1 Affordable areas right now. So if I take, let's say, A3 BHK house, it could be anywhere from 2 1/2 to 3,00,00,000, yeah. Speaker 2 Is the price. So that's a huge money. That's a huge money, right? So you need to earn at least 4 to 5,00,000 a month to buy that kind of house because the Emis for two crores will be around say 809 hundred. So 1,60,000 to 2,00,000 of rupees a month. So spending 50% of your salary in Emis for a home loan? Speaker 1 Is not good. Speaker 2 Not justified in a way, OK, not just because but yet you know it depends because it is very important to buy a house in our in set up in India, people love to buy a house, people love to buy jewelleries which you cannot defy. So it depends you know. But I have seen my friend doing that wise decision and his wife also supported that. So it depends on you know what kind of soap it depends you know, if you want to buy a house, yes, you buy if you are making 4 to 5,00,000 yes, you should buy a house 2,00,000 three lakhs hoga then you have to invest also then you have to send your children to the good schools also. So that's also Bombay is very expensive Mana Jaipur is good that way Matlab, but then Bombay is very expensive. So tell me I'm very confused to answer this question. I no actually very very case specific, but somehow I feel that you know, running a good EMI is better than running a bad EMI, right? So good EMI is SIP in mutual funds. So always first start doing the good EMI part is running an SIP start investing in SI. PS Thura didn't keep aside your emotions and start investing first. Speaker 1 So today like when Kon Banana Karodapati was launched. Speaker 2 2000 here. 2000. Speaker 1 Here 2000 a crore was a lot of money, right People if you call them. Speaker 2 It's a big money. Speaker 1 So, but today I don't think so because today if you have ₹1,00,00,000, we give a lot of people would agree with me that it's not enough to retire, right. So according to you, what is big money in India Today? When I mean big money, I don't mean Ambani money, I meant like. Speaker 2 What? Speaker 1 Is enough money for you to be like comfortable? Speaker 2 See, at least you have to be a dollar millionaire. Sorry, rupee millionaire. Speaker 1 That is 10,00,000. Speaker 2 Dollar millionaire is say 10-8 to 9 to 10 crores, correct? So that is the amount. So you know, that is the amount where you should start thinking differently. But somehow you know, it's not easy. You know you well, it's easily said and done, but it's not like that. But yet I feel that you know, 4 to 5 crores is one amount people should certainly make in life should reach there at least that will be a money where you know he can at least if if we put that money in FD, he will at least earn 2 to 3,00,000 a month and two to 3,00,000 is good enough for surviving in India in a very, very lavish manner, very lavish manner. Speaker 1 Perfect, Sandeep. I think that brings us to a very, very grand end to our podcast. So what? Any last piece of advice to the audience here before we end up in the podcast? Speaker 2 You have to love what you do so unnecessarily. Don't go here and there. You have to understand your personality, your character and work and love it. Love to do work. It shouldn't be, you know that you're working like I really love, you know what I'm doing. That does not mean that you have to be very rich. Whatever you do, do it the best. Speaker 1 Thank you so much guys for watching till the end. If you felt like there were any questions that I missed I was asking out on please drop them down in the comment section below. And if you have any recommendations for future guests, please drop them down below and we will get them for you. On that note, guys, I'll see you in the next one. Before you go, guys, if this episode gave you even one insight that made you think differently about money, don't just keep it to yourself. Share it with your friend or family member who could use it too. And if it sparked a new thought or even made you disagree with me, drop a comment below and tell me why. Your critic helps me make these conversations sharper and more useful for you. As long as you have me subscribed, I'll make sure that you walk away with at least one new thing everywhere.