https://app.onepc.io/?c=fws-yt-sb
In the last two years, the average Indian investor has seen close to 0% returns while headlines kept promising a bull run. In this episode of The 1% Club Show, Sharan Hegde sits down with Shashank Udupa, a SEBI Registered Research Analyst (INH000021207) and smallcase manager, to understand what actually happened to the Indian stock market; and how a rules-based quant strategy managed to generate alpha through one of the most volatile years in recent memory.
Shashank is an ex-investment banker at 360 ONE and the co-founder of Avalon Meta, and has been investing for over a decade before turning full-time into research. He now manages the F.L.U.I.D family of smallcases, including the FLUID Q Quant basket that is available inside the 1% Club app. In this conversation, he opens up the actual performance chart of the basket and explains, month by month, every decision behind it including the cash call taken during a 10% index crash, why he refused to rebalance mid-cycle during a painful drawdown, and how one or two winners ended up carrying the entire year’s returns.
The episode also serves as one of the clearest introductions to quant investing you will find in Indian personal finance content. Shashank breaks down beta, volatility and the Sharpe ratio in plain language, explains how momentum investing differs from traditional fundamental analysis, and walks through why he shifted the portfolio from a monthly rebalance to a fortnightly one. Along the way, he discusses the macro picture FII outflows to China, the US and South Korea, the gap between corporate earnings growth and valuations in mid and small caps, rupee depreciation, and why he believes a rebound may be pending in Indian equities.
Beyond markets, Shashank shares his own asset allocation with unusual candour: how he built a real estate portfolio in Bangalore, why he is now liquidating a large part of it to move roughly 70% of his money into Indian equities with the rest in gold and global investing, and the SEBI compliance rules that prevent a registered research analyst from buying the very stocks he recommends. He also explains SEBI’s new PaRRVA framework for verifying past returns, and gives an honest answer on who should not buy a subscription-based stock basket. Useful viewing for anyone thinking seriously about portfolio management, asset allocation, momentum strategies and wealth creation in India.
Guest Social Handles:
Shashank Udupa
LinkedIn: https://www.linkedin.com/in/shashankudupa1
Twitter/X: https://x.com/ShashankUdupa1
Instagram: https://www.instagram.com/shashank_udupa
Website: https://www.shashankudupa.co.in
Subscribe:
The 1% Club
Instagram: https://www.instagram.com/onepercentclub
LinkedIn: https://www.linkedin.com/company/the-1-clubfws
Sharan Hegde
Instagram: https://www.instagram.com/financewithsharan
LinkedIn: https://www.linkedin.com/in/sharanhegde95
Twitter/X: https://x.com/financewsharan
—
Sharan Hegde is a personal finance creator & founder of the 1% Club, simplifying money, markets, and mindset for India’s next generation of wealth builders.
—
Timeline:
00:00 – Introduction
01:18 – Inside The New 1% Club App
02:24 – Meet Shashank Udupa
03:06 – Why Indian Markets Gave 0% Returns
04:13 – How FII Outflows Changed The Market
05:08 – When Corporate Profits Catch Up To Valuations
06:15 – Large Cap vs Mid Cap vs Small Cap Earnings
07:09 – Why A Rebound May Be Pending
07:47 – The Rupee, Taxes And Foreign Investors
08:25 – Why Retail Traders Keep Losing Money
08:41 – Shashank’s Asset Allocation
09:03 – Building A Real Estate Portfolio In Bangalore
10:07 – How Bangalore Property Prices Moved
10:47 – Moving 70% Into Equity, Gold And Global Investing
11:28 – SEBI Rules For Research Analysts
12:38 – How SEBI Audits Prevent Front Running
13:24 – What Is Quant Investing?
15:24 – Momentum Investing Explained
16:47 – Understanding Beta And Volatility
18:28 – Sharpe Ratio And Risk Adjusted Returns
19:48 – The Only Two Ways To Beat The Index
20:38 – How The FLUID Q Basket Is Built
21:14 – Monthly vs Fortnightly Rebalancing
22:08 – Maximum Drawdown And Down Months
22:28 – Taking A Cash Call During A Market Crash
24:33 – When To Deploy Cash Back Into The Market
25:53 – Why Winning Stocks Change After A Fall
26:32 – Equal Weighting And Booking Profits
28:39 – Holding Through A Drawdown
29:34 – Performance Against The Benchmark
30:00 – How SEBI PaRRVA Verifies Returns
31:12 – Running A 15 Member Research Team
31:28 – The Cost Of The Basket
32:13 – Who Should And Should Not Invest
34:34 – Subscription Plans Explained
35:17 – Scaling From 100 Crore AUM
#financewithsharan
#the1percentclub