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Blogs, Senthil Manikandan

The Indian Consumer: Built for Resilience

While the Middle East conflict and global headwinds create noise, the data indicates that the Indian consumption story is entering this period […]

ithoughtMay 4, 20262 min read
Senthil Manikandan

FY26 Auto Sector Wrap-Up: Premiumization and Resilience Drive a Record Year

As we closed the books on FY26, the Indian automotive industry has proven its mettle. Despite whispers of production disruptions and demand […]

ithoughtApril 20, 20261 min read
Senthil Manikandan

The rise of Convenience Economy: From Milk to Maids

The definition of the “Convenience Economy” in India has undergone a profound evolution. over the last one year. What began as a […]

ithoughtApril 6, 20263 min read
Senthil Manikandan

India Consumption Pulse: Urban Tailwinds, Rural Watchpoints

India is entering the current phase of geopolitical uncertainty — including the emerging Iran war–related energy and trade disruptions — from a […]

ithoughtMarch 30, 20262 min read
Blogs, Senthil Manikandan

Low near‑term returns often precede strong gains

Over the past two decades, the S&P BSE 500 has gone through several periods when even two‑year rolling returns have been in low single […]

ithoughtMarch 13, 20261 min read
Blogs, Senthil Manikandan

When “What Worked” Becomes “What Hurts”: The Gold/Silver Chase Trap

AMFI’s January 2026 mutual fund inflow numbers are a fresh reminder that investor psychology doesn’t change easily: money keeps rushing into whatever […]

ithoughtMarch 5, 20261 min read
Blogs, Senthil Manikandan

The ₹1 Crore Journey: Large, Mid and Small Caps from 2018 to 2026

The Case Against “Chasing” Small Caps Imagine three investors, each with ₹1 crore to deploy in January 2018 (Peak of small caps […]

ithoughtFebruary 10, 20262 min read
Blogs, Senthil Manikandan

Uncomfortable reset 

Indian equities are undergoing a healthy but uncomfortable reset in the broader market even as the headline Nifty 50 index is only […]

ithoughtJanuary 26, 20262 min read
Blogs, Senthil Manikandan

2025 Auto Retail Data: Key Takeaways for Equity Investors

The Indian automotive sector delivered a solid finish to 2025, with total retail sales reaching 2.81 crore units, representing 7.71% year-over-year growth. […]

ithoughtJanuary 19, 20265 min read
Blogs, Senthil Manikandan

Small Caps H1 FY26: Earnings not justifying Premium Valuations

Small caps are the heroes of the post-Covid cycle, massively outperforming large caps over five years. Yet H1 FY26 numbers and current […]

ithoughtDecember 24, 20252 min read
Blogs, Senthil Manikandan

Diverging Trends in Consumption: Why Category Nuance Matters More Than Ever

India’s consumption sector continues to evolve rapidly – but the headline growth numbers often hide important shifts happening within categories. Our recent […]

ithoughtDecember 5, 20252 min read
Blogs, Senthil Manikandan

Investment Wisdom from Howard Marks: Why Consistency Beats Brilliance

Most investors chase a dream: the brilliant manager who consistently ranks in the top 5%, crushing the market year after year with […]

ithoughtNovember 14, 20254 min read
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