Is War Good for the Economy?

More from Capitalmind with Deepak & Shray All episodes →

1. 

   16 Oct 2025 · 1 hr 2 min

   From H1B to Dream11 - When risks hit you hard

   What do DreamFolks, Dream11, JSW Steel, and Donald Trump's H-1B visa policy all have in common? Each shows how unexpected risks can reshape markets and investments overnight. Deepak Shenoy and Shray Chandra break down 5 types of risk you never saw coming from business model collapse and legal shocks to regulation, policy changes, and passive investing illusions. Chapters: 00:00 - Intro 01:53 - DreamFolks 16:19 - JSW Steel and Bhushan Steel & Power 30:41 - Dream11 & Crypto currency 41:56 - H1B Visa situation 52:10 - When money moves markets

2. 

   23 Sep 2025 · 1 hr 3 min

   ESOPs Demystified: Taxes, Dilution & the Path to Wealth in India!

   ESOPs (Employee Stock Options) are one of the least understood parts of compensation in India. Are they wealth creators or just glorified lottery tickets? We break down everything you need to know, the trade-off between salary and ESOPs, the risks of taxation and dilution, and how exits, IPOs, and secondary markets really work. From early employee bets to Flipkart's game-changing Walmart deal, we explore stories that show both the pitfalls and life-changing rewards. If you've ever been offered ESOPs or are considering them. This podcast will help you make informed decisions about your…

3. 

   S4 · E7 · 16 Aug 2025 · 1 hr 20 min

   Wealth as a Tool, Joy as the Goal

   What if money wasn't the goal… but the tool? Deepak Shenoy and Shray Chandra dive deep into how money can enable experiences, freedom, and meaning, instead of becoming an end in itself. 00:00 Intro 02:33 GDP, Good Life, and Getting Real About Returns 15:14 The Real Cost of Wealth (and the Price of a Good Life) 31:20 Planning for Joy, Not Just Returns 43:34 Compartmentalize to Live Fully 01:04:04 I have enough money, what do I do now? 01:13:23 Is winning in life all about money?

4. 

   S4 · E7 · 28 Jul 2025 · 1 hr 19 min

   The Saga of the Jane Street Trading Scandal

   In this episode, Deepak and Shray unpack the SEBI allegations against global trading giant Jane Street and explore whether this is a case of shrewd arbitrage or market manipulation in India's underregulated options landscape. In doing so, they reveal deeper structural issues. An outsized derivatives market, regulatory blind spots, tax inequities, and unchecked index power that favour global giants over domestic traders all act as leading factors to the outsized profits made by the firm. The episode ends with a call for reform: position limits, STT rationalisation, index oversight, and a…

5. 

   S4 · E6 · 30 Jun 2025 · 1 hr 28 min

   Make your own pension

   Indian retirement planning for long has been centered on your children being successful and them supporting you in your golden years. But, times are changing, with the rise of nuclear single child households, new pension options and easier access to capital markets, retirement planning also has to change. In this conversation, Deepak and Shray discuss the various options you have to set up a retirement corpus. Be it investing in a pension scheme or managing your own investments, they provide the pros and cons as well as the steps you need to take to do so. They also suggest policies that if…

6. 

   S4 · E5 · 16 May 2025 · 1 hr 33 min

   Are Mutual Funds only Sahi for the Middle Class?

   Mutual Funds are often seen as the McDonalds of the investment world. They are ubiquitous and convenient, and yet, they are seen to lack the prestige of a fine dining experience aka Private Equity et al. In this episode, we take on the big question: Are mutual funds only for the salaried middle class, or is there a bigger story here? Deepak and Shray dive deep into the history and perception of mutual funds, from their once-exclusive status to becoming the go-to vehicle for SIPs and forced savings. But why don't you hear family offices or the ultra-wealthy proudly boasting about their mutual…

7. 

   S4 · E6 · 19 Apr 2025 · 1 hr

   No Passport Needed: Your Guide to Global Investing

   In this episode, Deepak and Shray unpack the ins and outs of international investing—why it matters, when it makes sense, and who it's really for. From rupee depreciation to political and geographical risks, they explore the key reasons to diversify your portfolio beyond India's borders. They also discuss a crucial question: At what level of capital does it become meaningful to place your money outside? The conversation weaves in perspectives from investing greats—Peter Lynch, who believed in the power of consumer insight, and Devina Mehra, whose latest book "Money Myths and Mantras"…

8. 

   S4 · E5 · 12 Apr 2025 · 53 min

   Changing the World Order: Tariff Edition

   At this point, you've probably read enough about tariffs to last a lifetime. But what if we told you the real story isn't just about import duties or Donald Trump's next announcement; it's about a slow unraveling of the world order we've all taken for granted In this episode, Deepak and Shray dig into how the US once helped shape a global economic contract — one where it bought the goods, paid in dollars, protected the rest of the world, and in return, the world kept buying US debt. It worked until it didn't. Countries like China started playing a smarter game. They stitched shoes, then…

9. 

   S4 · E4 · 10 Apr 2025 · 1 hr 15 min

   Exchange Traded Funda: How ETFs Work

   ETFs have taken over the world, or at least that's what you'd believe if you spent any time reading financial media in the US. Passive investing! Low costs! No fund manager egos! And of course, that looming prediction: "ETFs will destroy price discovery!" But in India? Crickets. While ETFs have become mainstream in the US, with trillions of dollars flowing into passive investing strategies, India's ETF story is still unfolding. Why haven't ETFs exploded in India despite our obsession with stocks? And more importantly, should you be investing in ETFs or mutual funds? In this episode, Deepak…

10. 

    S4 · E3 · 6 Mar 2025 · 59 min

    The Unexpected Impact of investing in Mutual Funds and Pooled Vehicles

    Deepak and Shray discuss the unexpected quirks and consequences of investing in mutual funds and pooled vehicles in general. The discussion covers how your returns and experiences can be impacted by other investors' actions, including issues with inflows, outflows, cutoff timings, and NAV calculations. Specific cases like DHFL, Yes Bank, and Zee promoter bonds are examined to highlight how complexities in pooled vehicles can affect investment decisions. Additionally, the episode provides insights on how to navigate these challenges and the importance of understanding the nature of pooled…