Are Mutual Funds the next BIG Scam? | Nilesh Shah | Sanjay Kathuria Podcast EP54

Are Mutual Funds the next BIG Scam? | Nilesh Shah | Sanjay Kathuria Podcast EP54In this episode of the Sanjay Kathuria Podcast, we host Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company, managing over ₹6 Lakh Crore AUM, and a member of the Prime Minister’s Economic Advisory Council (EAC-PM) .A Gold Medallist Chartered Accountant with 25+ years of experience across equity, debt, and real estate, Nilesh Shah shares a complete investing masterclass — from his journey of growing up in a chawl to managing one of India’s largest mutual fund businesses.In this deep conversation, we cover mutual fund safety, asset allocation strategies, active vs passive investing, sectoral opportunities, AI impact on jobs, and portfolio building frameworks used by top fund managers. He also explains major scams like US-64, how front running works, and how retail investors can protect their wealth.📘 What You’ll Learn✅ Are mutual funds really safe for investors?✅ Biggest investing mistakes to avoid✅ Active vs Passive investing explained✅ Flexi cap vs Multi cap funds comparison✅ Asset allocation strategy by age & goals✅ Importance of debt in your portfolio✅ Best sectors for next 5 years✅ Impact of AI on IT sector jobs✅ How front running works in markets✅ How to build a long-term portfolio⏱️ Timestamps : 00:00 – Podcast Teaser01:47 – Guest Intro – Nilesh Shah03:44 – Chawl to CA Gold Medallist Journey06:32 – How Nilesh Shah Entered Financial Markets09:09 – Franklin Templeton AMC Learnings12:34 – Is Client First Still Alive in AMCs?13:25 – Uday Kotak's Secret Investing Framework17:52 – Have You Ever Had to Become Duryodhan?18:50 – Biggest Investing Mistakes of Nilesh Shah20:50 – Learnings from the Prime Minister22:49 – The Reality of Financial Policies26:04 – Is AI Going to Kill IT Jobs?30:43 – Enterprise AI is Opportunity of Lifetime32:22 – Will IT companies Survive AI Disruption?34:48 – Best Growing Sectors for Next few Years38:03 – Sectoral and Thematic Funds Investing39:38 – Business Cycle Funds Explained40:32 – Life Cycle Funds Explained44:08 – Is SEBI Doing Enough for Investor Education?46:09 – Stock Market in the 90s Was Wild West49:34 – How Front Running Works and How to Avoid It54:04 – Is your money safe in mutual funds?55:50 – What Happened in US 64 Scam?58:39 – Active vs Passive Funds Explained01:01:29 – Flexi Cap vs Multi Cap Funds Explained01:03:01 – Asset Allocation: Age vs Objective01:04:35 – Importance of Debt in Your Portfolio01:05:52 – Ideal Allocation for a 25 Year Old01:07:46 – Should You Invest in International Markets?01:09:28 – Factor Investing: Momentum, Value, Quality01:11:22 – Rapid Fire with Nilesh Shah01:19:53 – Episode Outro🔗 Guest SocialsLinkedIn: https://www.linkedin.com/in/nilesh-shah-8831191b/Twitter: https://x.com/NileshShah68Website: https://assetmanagement.kotak.com/📲 Sanjay Kathuria Podcast Handles : Instagram: https://www.instagram.com/sanjaykathuriapodcastYouTube (Main): https://www.youtube.com/@SanjayKathuriaPodcastYouTube (Clips): https://www.youtube.com/@SanjaykathuriapodcastclipsFacebook: https://www.facebook.com/sanjaykathuriapodcastsSpotify: https://open.spotify.com/show/1VDdqFLEvqtKIr3pJuu1ep?si=I50k9_sCSVqSwOF62ugrIw🙋‍♂️ Connect with Sanjay Kathuria:Instagram: https://www.instagram.com/financebysanjayFacebook: https://facebook.com/financebysanjayLinkedIn: https://linkedin.com/in/sanjaykathuriaTwitter: https://twitter.com/sanjaykathuriaYouTube: https://www.youtube.com/@Sanjay_Kathuria🧵 Hashtags#NileshShah #MutualFundsIndia #InvestingMasterclass #StockMarketIndia #PortfolioBuilding #AssetAllocation #WealthCreation #SanjayKathuriaPodcast📚 About the PodcastThe Sanjay Kathuria Podcast brings you India’s top investors, entrepreneurs, and wealth creators. Learn how the top 1% manage and multiply money in simple, actionable ways.