AMA: Hey everyone, I'm Sandeep, co-founder of Dezerv. Ask me anything!

Asal hustle

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Hey Salt!

Great questions.

1. Investment management is a domain that requires capital upfront: even before the first client ‘walks’ in, all systems need to be in place — a team of investment professionals, strong operations and compliance, security systems etc. VC allowed us to build this to a level of quality that we wanted to deliver.

2. There are three differences in how we run our portfolios — One, our portfolio construction is led by a strong process that my co-founder Vaibhav and the investment team have created. Two, we deliver these portfolios in a manner that our investment team ‘owns’ performance — centralised, controlled execution helps us ensure consistency of performance. Three, wherever regulations allow (as they do in case of PMS), we operate under a zero fixed fee, only share of profit model — aligning us with the client’s objectives entirely.

3. To be able to effectively manage our capital, each one of us needs to be clear on what our tolerance to downside is. We should answer this question for ourselves, and make sure we communicate this to our investment manager/advisor. The biggest investment mistakes are made when we are not clear about this, both in bull markets and in times of downside.

@SandeepJethwani I really love the detailed answer. This appears to be a wonderfully structured thought process.

It appears counter-intuitive to me, because I always thought it is a asset light business. But, it makes sense that one would be able to setup excellent teams and processes right at the get go using venture capital.

Once again, much appreciated. Thanks for your wonderful insights. ✨

Hey WideScene,

Tough answer to give :) It’s 42 years after all! But here’s the short version: money was always a conversation in the household growing up — we didn’t have too much of it, and my parents were both PSU bankers. So at IIM Bangalore, it was clear to me that I wanted to be around investments/capital allocation. Was fortunate enough to get into Kotak’s wealth management business in its nascent stage, and then as part of the team that founded IIFL Wealth (now 360One). In late 2020, it was clear that successful professionals need help with doing better with their hard earned money. Dezerv was born in mid-2021, with my fantastic co-founders Sahil and Vaibhav, who’d been friends and colleagues for nearly 15 years.

Wealth Monitor is a free portfolio review tool developed by Dezerv’s team to help you identify red flags in your mutual fund portfolio. The app analyzes your portfolio’s risk level, diversification, underperforming funds and your investing discipline.

Even before you make a new investment, you need to know how your existing portfolio is doing. While everyone ends up focusing on where to invest new cash, we often ignore our current investments. Wealth Monitor is our endeavour to help investors review their existing portfolio, and guide them on how they can do better.

50k , as far i remember

Read it again carefully, What I read on official website 50lakhs across all investment offerings