He Lost His Father’s Money… And Today Manages ₹16,000 Crores | Vikas Khemani | Kushal Lodha #325

In this episode of Konversation with Kushal, host Kushal Lodha sits down with Vikas Khemani, Founder of Carnelian Asset Management & Advisors, for a deep and insightful conversation on wealth creation, investing, and building conviction in the stock market. From losing nearly ₹4 lakh of his father’s hard-earned money during the Harshad Mehta era to managing over ₹15,000 crore in AUM, Vikas shares his journey of resilience, learning, and long-term thinking. He reflects on his early struggles, moving to Mumbai, learning English from scratch, and how setbacks shaped his mindset as an investor and entrepreneur.He also breaks down how real wealth is created through patience, compounding, and understanding businesses deeply rather than chasing short-term trading excitement. From his transition from trading to investing, lessons from CA and CFA, and the importance of reading balance sheets, to identifying multibagger opportunities like PTC Industries, this episode is packed with actionable investing wisdom. Vikas also shares why founder-led AMCs are the future, how credibility is built through communication and performance, and why focusing on the rate of change in businesses can create extraordinary wealth.💡 Don’t forget to like, share, and subscribe for more such insightful conversations with top achievers from across the world!#KushalLodha #InvestingWisdom #StockMarketIndia #WealthCreation #longterminvesting #financepodcast #investmentstrategy #VikasKhemani #CarnelianAsset #stockmarketindia #investing #wealthcreation #mutualfunds #pms