How to Create an Investor Mindset? Insights with Swarup Mohanty

Market chhodna mere hisaab se sabse bada mistake hoga.
Yeh kehna bahut aasan hota hai, karna bahut mushkil. Dekhiye, humein lagta hai ki humein sab pata hai , market se zyada.
Lekin sach yeh hai ki market sabse smart hota hai.

Ek kahawat hai bazaar ke baare mein:
'When you invest in the market when it is not in its best health, it will take care of you in its best health.'

Agar aap pichhle 10 saal ka Sensex vs Gold dekhein, toh abhi Gold Sensex ko outperform kar raha hai.
Yeh jo severe unlearning hui hai last ek-do saal mein , has been a shocker to me also.

Jab aap business cycle predict karne ki koshish karenge , shayad professional help lena better hoga.
Aapke hisaab se jo "get rich quick" schemes hain, wo investors ke liye kitni dangerous ho sakti hain , yeh samajhna zaroori hai.

Making money is tough, losing money is very easy.
Jo market timers hote hain, unki 100% haar hoti hai.

Toh yeh ek great opportunity hai diversify karne ki aur apne portfolio ko strong banane ki ,
yeh hona chahiye 2025 ka main aim.

Hello everyone! Welcome to yet another episode of our podcast Bazaar & Beyond,
jahan hum finance, investment aur personal growth ke world mein deep dive karte hain ,
to help you make smarter decisions with your money.

Main hoon aapka host, Shiv Narayanan,
aur aaj ka episode ekdum exciting aur insightful hone wala hai.

Investment ki duniya bahut tezi se evolve ho rahi hai.
Aaj jahan humare paas kai saari investment opportunities hain,
wahin dusri taraf kai pitfalls bhi hain,
jo kisi seasoned investor ko bhi derail kar sakte hain.

So, to help us navigate this,
aaj humare saath ek bahut hi special guest hain.
He is a well-respected expert in the investment world,
with years of experience helping individuals and institutions manage their portfolios.

Please join me in welcoming Mr. Swarup Mohanty, Vice Chairman and CEO of Mirae Asset Mutual Fund.

Swarup Sir, it’s an absolute pleasure to have you here today. Thank you for joining us.

The pleasure is absolutely mine.
And to do it for Mirae , it is a different level of thought and being.
So, so thank you so much for having me. Absolutely.

Aaj hum baat karenge un critical investment mistakes ke baare mein,
jo aapko 2025 mein avoid karni chahiye ,
chahe aap ek beginner ho ya ek seasoned investor.

Swarup ji humein apni expert insights denge,
taaki hum apne financial future ko aur zyada mazboot bana saken.

Swarup Sir, let’s dive straight in , 2025 mein...

Shiv: Swarup sir, aaj ke episode ka main focus hai , Investment Mistakes & Traps to Avoid in 2025. Aapke hisaab se sabse common investment mistakes kya ho sakti hain? Aur inka investor ke portfolio par kya impact pad sakta hai?

Swarup: Dekhiye, sabse bada issue hoga agar aap market chhod dein. Hamesha ek waqt aata hai jab lagta hai , to invest is risky, par not to invest is also risky. Dono taraf risk hai. Aaj koi keh sakta hai ki investing in India is risky, lekin mere hisaab se not investing in India is an even bigger risk.

Yeh duniya ki ek hi country hai jo agle 7–8 saal mein apni economy double karegi. Agar aap us growth ka hissa banna chahte hain, toh capital markets ek bahut hi asaan zariya hain. Jo market mein baith ke rukega, wahi is journey ka full benefit le paayega. Toh mera maanna hai ki market chhodna is the biggest mistake.

Shiv: Sir, aapne goal-setting ki baat ki, lekin execution mein log often galti kar jaate hain. Aise kaun se traps hain jo investors ko avoid karne chahiye?

Swarup: Kehna bahut aasan hota hai, karna mushkil. Aapne bola ki yeh mera goal hai , maan lijiye retirement kitty banani hai jo 10 saal baad chahiye. Aapne figure decide kiya, ek plan banaya, aur uske hisaab se invest bhi kiya. But plan ke hisaab se discipline maintain karna, usmein sabse zyada difficulty hoti hai.

Market tempt karta hai. Kabhi greed, kabhi fear. Discipline chhodna aasaan hai, lekin hold karna time leta hai. Jab aap tempt hone se bach jaate hain aur apne asset allocation ko hold karke rakhte hain , wahi investors goal ke nazdeek pahuch paate hain.

Shiv: Bahut sahi baat. Sir, ek aur behaviour jo hum baar-baar dekhte hain , FOMO. Jab market chalta hai toh lagta hai sab ek hi stock ke peeche bhaag rahe hain. Is FOMO ka investor ke decision-making pe kya impact padta hai?

Swarup: FOMO do tareeke se impact karta hai. Jab tak aap invest karne ka soch rahe hote ho, tab tak return aa chuka hota hai. Aap past dekh ke invest karte ho , lekin investment hamesha future ke liye hoti hai.

Jab invest karte hain, toh optimistic hona padta hai. Agar aapko investment sahi nahi lag raha, toh aap kyun invest karenge? Past ko dekh ke trend samajhna theek hai, par decision future ko dekh ke lena chahiye.

Best day to invest? Jab aapke paas paisa ho. Best day to exit? Jab aapko paisa chahiye. Itna simple rakhiye.

Aur ek kahawat bhi hai , "When you invest in the market when it is not in its best health, it will take care of you when it is in its best health." Jab market down ho, tab enter karna long-term mein better hota hai.

Shiv: Ab diversification ki baat karte hain. Bahut logon ko lagta hai ki diversification matlab alag-alag stocks lena. But proper diversification kaise samjhein?

Swarup: Real life portfolios mein proper diversification bahut kam dikhai deta hai. Investor ka behaviour alag hota hai, market ka alag. Unse seekh ke hi investor better banta hai.

Main bhi pehle equity ko best asset class maanta tha. Par agar aap last 10 years ka Sensex vs Gold dekhein, toh Gold ne outperform kiya hai. Yeh meri bhi ek unlearning rahi hai.

Ab toh Multi-Asset Funds bhi available hain , jismein equity, debt, gold sab kuch hota hai. Inka median return 12–15% ke beech rehta hai, which is better than any single asset class over long term.

Mera kehna yeh hai: asset classes ka combination hamesha better hota hai. Read up about your money. "If you don't take care of your money, your money won't take care of you."

Shiv: Sir, kya aap thoda aur simplify karenge ki kaise samjhein ki humara portfolio diversified hai ya nahi?

Swarup: Diversification sirf stock ka nahi hota. Industry ka, market cap ka, themes ka , sab ka hona chahiye.

Market bahut badal gaya hai. Pehle Indian institutions dominate karte the, phir FIIs aaye, aur ab retail investors bhi major force ban chuke hain. Isliye market broader ho gaya hai. Pehle large-caps mein hi invest karte the. Ab jo naye IPOs aa rahe hain, woh mid aur small caps mein hain.

2019 ke mutual fund classification ke baad, market cap sizes bhi badle hain. Jo pehle large-cap tha, ab mid-cap ho chuka hai.

So agar aap truly Indian economy own karna chahte ho, toh aapko har cap, har industry ko touch karna padega. Stock diversification bhi zaroori hai , not just across stocks but across caps and themes.

Shiv: Market mein daily fluctuations ke chalte kai baar investors impulse mein decisions le lete hain , buy or sell. Aise investors ke liye aapka kya message hai?

Swarup: Har market demand-supply pe chalta hai. Jab demand zyada hoti hai, price badhta hai. Jab kam hoti hai, girta hai. Stock market bhi wahi hai.

Short-term mein volatility dikhai degi. Long-term mein hi value dikhegi. Aapka kaam hai achhe promoters ko identify karna aur unke saath journey mein rehna.

Timing 15 best days dhoondhna ek gamble jaisa hota hai. Stick to good businesses. Value unlock hoga tab aapko bhi return milega.

Agar aap stock pick karte hain, toh cycle samajhne ke liye professional help lein. Stock selection tak khud jaa sakte hain, par cycles samajhna art bhi hai, science bhi.

Shiv: Ek aur question , market girta hai toh panic, aur chadhta hai toh greed. Is emotional rollercoaster ko kaise handle karein?

Swarup: Yeh sabke saath hota hai. Jab investing start karte hain, lagta hai yeh return generation ka game hai. Thoda experience milta hai toh samajh aata hai , yeh risk mitigation ka process hai.

Aapka portfolio jitna aapke risk profile se match kare, utna better journey hoti hai. Risk profile bhi life ke stages ke saath change hota hai , shaadi, bachcha, retirement sab usko affect karte hain.

Patience se hi market samajh mein aata hai. Jab aap realise kar lete ho ki volatility hi opportunity hai , tab aapka mental frame change hota hai. Losses se hi seekh milti hai.

Tips pe mat jao. Read and understand before investing. Agar kisi aur ka paisa ban raha hai, iska matlab yeh nahi ki aapka bhi banega. Apna homework karo.

Shiv: Aajkal quick returns kaafi tempting hote hain. But we all know it’s not sustainable. Aapka view kya hai "get rich quick" mindset pe?

Swarup: Main ek simple math deta hoon. Agar 100 se 50 ho gaya , toh wapas 100 banane ke liye 100% gain chahiye. Lekin 50 se 25 girna sirf 50% fall hai.

Toh paisa banana tough hai, khona easy. Quick money har kisi ko attract karta hai. But agar yeh itna easy hota , sab log apna kaam chhod ke stock market mein hote.

Pichhle 3–4 saal mein kaafi paisa aaya, market chala. Ab thoda reversal dikh raha hai. Har movement mein opportunity hoti hai. Jo stock bech diya, uska price 2–3 saal baad dekh lo. Reality samajh aayegi.

Sab log iss trap mein girte hain , lekin us trap se hi seekh milti hai. Aur wahi aapko better investor banata hai.

Shiv: Aage badhte hain , macroeconomic challenges ki baat karein. 2025 ki prevailing conditions investors ke liye kya challenge la sakti hain?

Swarup: 2025 bahut hi interesting year hoga. World change ho raha hai. Pehle jo unknown tha , jaise US elections , ab known hai. Powerful leaders ka impact economy pe clearly dikhta hai.

Sab countries apne nation ko strong banana chahte hain , Make in India, Make America Greater, China ka apna game plan. India ka third largest economy banna ab ek reality hai , Germany aur Japan ko bhi piche chhod dena.

US dollar ab bhi primary trading currency hai. China ko hata dein manufacturing se , toh India ke liye bhi pressure banega. Yeh global play hai, par India ko smartly navigate karna padega.

Good news yeh hai ki 2024 ka monsoon strong raha. Food inflation ka jo pressure tha, 2025 mein nahi hoga. Inflation broadly under control hoga. Do aur key factors , growth aur earnings , critical honge.

Shiv: Aapne growth slowdown ka bhi zikr kiya...

Swarup: Haan, urban consumption mein thoda slowdown dikha hai , post-COVID spree ke baad. Government capex thoda moderate hua hai, isliye short-term slowdown dikh raha hai. Par infrastructure build hua hai , roads, airports, JAM (Jan Dhan, Aadhaar, Mobile) , digital India infrastructure.

Rural revival ho sakta hai, monsoon ki wajah se. Toh overall, 2025 accha accumulation year ho sakta hai.

Shiv: Is market of opportunities mein leverage ka use log kaise dekhein? Excessive borrowing risk bhi toh hoti hai.

Swarup: Personally, I'm not a big fan of leverage. Log apni long-term positions bech dete hain short-term needs ke liye , wahi compounding ka damage hota hai.

Main ek personal experience share karta hoon. Mujhe car leni thi , I didn’t want to sell my mutual funds. Toh maine loan liya MF ke against, aur car kharidi. Rally mein, pura paisa nikal gaya , long-term position touch nahi hui.

Loan against shares ya MTF jaise tools hain, but discipline zaroori hai. Calculation samajhna chahiye. Agar portfolio 12% de raha hai aur loan 8% par mil raha hai, toh samjhdari se approach karo.

Par temptation mein leverage lena risk hai. Most misuse isi wajah se hota hai. Use karo, but only with discipline.

Shiv: Final section , aaj ke investors 2025 ko kaise dekhein?

Swarup: Indians are lucky to be in this market. Pichhle saal jahan valuations expensive lagte the, ab woh reasonable ho chuke hain. Kuch great businesses, great prices par available hain.

Equity side par accha portfolio ban sakta hai. Debt bhi achha lag raha hai , rate cuts discussion mein hai. Jo log pehle debt miss kar gaye the, unke liye mauka hai.

Global data fragile hai, sovereign gold buying continue karegi , toh gold bhi strong rahega. Saare asset classes mein opportunity hai , yeh rare hota hai.

Diversify kariye. Strong portfolio banaiye. Market timers haarenge, disciplined investors jeetenge. That should be the aim of 2025.

Shiv: Swarup sir, aapke insights se ek baat toh clear ho gayi hai , investing ek disciplined aur informed process hai, na ki emotions aur short-term trends ke basis pe decision lene ka game. Aapne FOMO, diversification aur market ke daily fluctuations ke baare mein jo bataya , woh humare listeners ke liye definitely ek eye-opener raha hai.

Agar aap apni investing journey ko aur better banana chahte hain, toh in tips ko zarur apni strategy mein shamil karein. Swarup sir, aapka bahut-bahut shukriya humein itna valuable time dene ke liye.

Swarup: Thank you so much for having me. M.Stock ke saare clients aur investors ko meri taraf se 2025 ke liye wonderful investing ki shubhkaamnayein.

Shiv: Thank you sir, thank you so much.

Toh doston, yeh tha aaj ka episode jahan humne samjha ki investing mein patience aur strategy hi sabse badi key hai. Agar aapko yeh episode pasand aaya ho, toh M.Stock channel ko zarur subscribe karein, podcast ko apne doston ke saath share karein, aur apna feedback bhi bhejein.

Aapke sawaalon aur suggestions ka humein hamesha intezaar rahta hai. Chaliye fir milte hain Bazaar & Beyond ke agle episode mein , naye interesting topics aur naye expert ke saath, jahan hum aapko fir denge valuable investing insights.

Tab tak ke liye , apni investments ko soch samajhkar manage karein, safe rahein.

Take care and happy investing.

Investments in securities markets are subject to market risks. Read all documents carefully before investing.