Research in public
Every company I study is logged with the date and what I learned. Anyone can check the record.
Prices delayed up to 20 min
RaSa. Capitalrasacapital.in · For education only, not investment advice
Independent equity research · India
Capital that respects time.
RaSa Capital studies one Indian business every day, explains how money really moves, and builds simple tools that help families make better financial decisions.
Indian marketsLoading
NIFTY 50
SENSEX
BANK NIFTY
Our purpose
Help more Indian families understand their money, and build, one honest page at a time, an investment firm they can trust.
Education first
Plain-language writing, video and tools for people who were never taught finance at school.
Long-term by design
Decisions measured in years and reviewed on a schedule, not in daily price moves.
Research journal
Today's study
Today's study
Insights
Read, then decide for yourself
Outlook
Five questions I am watching into 2027
No predictions. Just the questions that will decide how Indian households and businesses fare next year, and the numbers I will track.
Oct 2026 · 6 min read
Indian households
Why Indian families still trust the post office
Government backing, a branch in almost every village, and a return you can write down in advance.
Oct 2026 · 5 min read
Fuel economics
What you actually pay for in a litre of petrol
One number on the pump display hides four layers. Each moves for a different reason.
Oct 2026 · 4 min read
RaSa Tools
Free tools for every family
Live data
02Compare Stocks
Two companies side by side: size, valuation and where each price sits in its year.
Open →Planner
03Goal Planner
How much to invest every month to reach a goal, after inflation.
Open →Calculator
04Savings Compare
Savings account, RD, PPF, NSC, FD and equity on the same money.
Open →The record so far
Numbers, kept honestly
0Companies studied
0Sectors covered
0Theses written
—Latest entry
Readers
What readers say
From the founder
“Anyone can look smart in a rising market. I want to be judged over ten years, on work you can read, check and disagree with.”
Achintay Singh · Founder, RaSa Capital
Home / Research
Research journal
One company, every day. What the business does, what caught my attention, and where it sits in my process. Notes from a learner, written in public. Never buy or sell calls.
Home / Insights
Insights
Plain-language explainers on how Indian businesses and markets work. Written to teach, never to tip.
Articles and outlook
Explainers
Outlook
Five questions I am watching into 2027
No predictions. Just the questions that will decide how Indian households and businesses fare next year, and the numbers I will track.
Oct 2026 · 6 min read
Indian households
Why Indian families still trust the post office
Government backing, a branch in almost every village, and a return you can write down in advance.
Oct 2026 · 5 min read
Fuel economics
What you actually pay for in a litre of petrol
One number on the pump display hides four layers. Each moves for a different reason.
Oct 2026 · 4 min read
Personal finance
The arithmetic of patience
Why compounding feels slow for years, and then suddenly does not.
Oct 2026 · 3 min read
How I research
Four questions I ask every business
The same checklist, in the same order, for every company in the journal.
Oct 2026 · 3 min read
Archive
The Weekly Letter
Every letter sent to subscribers, kept here for anyone to read.
यह कमेंट्री अभी सिर्फ़ अंग्रेज़ी में है।
Key takeaways
My own notes as a learner, for education only. Not a recommendation to buy, sell or hold any security.
Archive
Every edition
Home / Finance for Families
Finance for Families
A RaSa Capital initiative, starting 2027: free, plain-language money sessions for families, shopkeepers and workers in Patna.
Why
Most families were never taught money
Growing up around our petrol pump, I saw how hard people work for every rupee, and how little help they get in deciding what to do with it. Many choose a scheme because a relative did, or lose money to a promise that sounded too good.
Finance for Families will run short sessions in Hindi, in a shop, a school or a community hall. No products are sold, no tips are given, and nothing is charged.
What a session covers
- FD, post office or mutual fund?What each one is for, and what it costs you.
- How to spot a fraud schemeGuaranteed high returns, pressure to decide fast, and other warning signs.
- Insurance before investingWhy protection comes first for a family.
- The power of starting earlyCompounding, shown live with the RaSa calculator.
Free handouts
Take-home sheets, in Hindi
One page each. Print them, share them on WhatsApp, or keep one at the shop counter. Free to copy.
01पैसा बचाने के 5 नियमFive rules to save money
02FD, PPF, RD और SIP: कौन सा कब?Which savings option, and when
03धोखाधड़ी से कैसे बचेंHow to avoid money fraud
04बच्चों की पढ़ाई के लिए बचतSaving for a child's education
पैसा बचाने के 5 नियम
Five rules to save money
- पहले बचत, फिर ख़र्चकमाई आते ही 10 से 20 प्रतिशत अलग रख दें। जो बचे, उसमें घर चलाएँ।
- आपातकालीन पैसाछह महीने के ख़र्च जितना पैसा ऐसी जगह रखें जहाँ से तुरंत निकल सके, जैसे बचत खाता या FD।
- महँगा क़र्ज़ पहले चुकाएँक्रेडिट कार्ड और ऐप वाले लोन पर ब्याज बहुत ज़्यादा होता है। निवेश से पहले इन्हें ख़त्म करें।
- पहले बीमा, फिर निवेशकमाने वाले का टर्म बीमा और पूरे परिवार का स्वास्थ्य बीमा। बीमा निवेश नहीं, सुरक्षा है।
- हर ख़र्च लिखेंएक महीना हर ख़र्च लिखकर देखें। पता चलेगा पैसा कहाँ जाता है और कहाँ बच सकता है।
FD, PPF, RD और SIP: कौन सा कब?
Which savings option, and when
| विकल्प | कितने समय | जोखिम | किसके लिए |
|---|---|---|---|
| बचत खाता | कभी भी | बहुत कम | रोज़ का ख़र्च, आपातकालीन पैसा |
| FD | 7 दिन से 10 साल | कम। हर बैंक में ₹5 लाख तक बीमित | तय रक़म, तय समय के लिए |
| RD | 6 महीने से 10 साल | कम | हर महीने थोड़ी-थोड़ी बचत |
| PPF | 15 साल | बहुत कम, सरकारी | लंबी, टैक्स-फ़्री बचत। सालाना ₹500 से ₹1.5 लाख |
| SIP (म्यूचुअल फ़ंड) | 5 साल या ज़्यादा | बाज़ार के साथ ऊपर-नीचे | लंबे लक्ष्य, जैसे पढ़ाई या रिटायरमेंट |
ब्याज दरें हर तिमाही बदल सकती हैं। आज की दरें rasacapital.in पर देखें। SIP में पक्का रिटर्न नहीं होता।
धोखाधड़ी से कैसे बचें
How to avoid money fraud
- OTP और PIN किसी को नहींकोई भी बैंक फ़ोन या मैसेज पर OTP, PIN या पासवर्ड नहीं माँगता।
- पैसा लेने के लिए PIN नहींUPI पर पैसा पाने के लिए PIN डालना कभी ज़रूरी नहीं होता। PIN सिर्फ़ पैसा भेजने के लिए है।
- "पक्का मुनाफ़ा" एक चेतावनी है"पैसा दोगुना", "हर महीने गारंटी वाला मुनाफ़ा" जैसे वादे धोखे की निशानी हैं।
- टिप देने वालों से दूरWhatsApp या Telegram पर शेयर की टिप बेचने वाले से बचें। SEBI में रजिस्टर्ड है या नहीं, sebi.gov.in पर देखें।
- धोखा हो जाए तो तुरंत1930 पर फ़ोन करें या cybercrime.gov.in पर शिकायत करें। जितनी जल्दी, उतना अच्छा।
बच्चों की पढ़ाई के लिए बचत
Saving for a child's education
- लक्ष्य लिखेंकितना पैसा चाहिए और कितने साल में। लिखा हुआ लक्ष्य पूरा होने की संभावना ज़्यादा होती है।
- महँगाई जोड़ेंपढ़ाई का ख़र्च हर साल बढ़ता है, अक्सर आम महँगाई से भी तेज़। आज का ₹1 लाख, 10 साल बाद काफ़ी कम पड़ेगा।
- जल्दी शुरू करेंउदाहरण: हर महीने ₹1,000, 15 साल तक, 10% सालाना बढ़त मानें तो लगभग ₹4.1 लाख बनते हैं। जमा सिर्फ़ ₹1.8 लाख किया।
- बेटी के लिए सुकन्या समृद्धि10 साल से कम उम्र की बेटी के लिए सरकारी योजना। सालाना ₹250 से ₹1.5 लाख, खाता 21 साल में पूरा होता है।
- बीमा न भूलेंकमाने वाले का टर्म बीमा, ताकि कुछ भी हो जाए, बच्चे की पढ़ाई न रुके।
Request a session
Bring Finance for Families to your area
Tell us where and for whom. Sessions are free, in Hindi, and start in 2027. We will contact you to plan it.
Status
The first session is being planned
Photos and notes from every session will be posted here and in the Weekly Commentary.
Home / Markets
Markets today
Indian indices, every stock in my research journal, and the global numbers that move them. Prices are delayed up to 20 minutes.
India
Indian markets
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Market close
How the market closed
Saved on its own after 4 PM IST every trading day.
The last 30 sessions
Heatmap
NIFTY 50 today
Each tile is a company. Its size shows the company's market value; its colour shows today's move. Tap a tile for the full stock page.
Loading the heatmap…
-3%+3%Based on the NIFTY 50 list as of mid-2026. Delayed up to 20 min.
Research journal
Stocks I have studied
Today's move for every company in the journal. Tap a name for its chart and numbers.
Results calendar
Results coming up
When the companies in my journal report their quarterly numbers.
Global
Gold, oil, the rupee and world markets
Live quotes by TradingView.
Indian data from Google Finance, delayed up to 20 minutes. Global quotes by TradingView. For information only.
Listing gain is worked out from the issue price and the price on listing day. IPOs carry high risk, and SME IPOs trade in large lots with fewer buyers and sellers.
Home / Track record
Track record
RaSa Capital in numbers since launch on 13 October 2026. Every figure updates on its own from the research journal, the commentary and the newsletter.
Since I studied it
How each company has moved since
The closing price on the day I studied each company, against today's price and the NIFTY 50 over the same days.
A record of what I studied, not a list of recommendations. Past moves say nothing about future returns.
Consistency
Companies studied each week
The full record
Every company in the journal
Home / Press kit
Newsroom
Press kit
Logos, photo, bios and facts for anyone writing about RaSa Capital.
Oct 2026Founded
—Companies studied
—Weekly Commentaries
—Newsletter readers
IndiaBased in
01Boilerplate
RaSa Capital is an independent equity research and financial education brand from India, founded by Achintay Singh, that studies one Indian business every day in public.
02Founder bio
Achintay Singh is the founder of RaSa Capital. He grew up around his family's petrol pump, made his first investment in fifty shares of Reliance Industries, and now studies one listed Indian company every day, publishing a research journal, a Weekly Commentary and free money tools for families. His long-term goal is to build a SEBI-registered investment firm.
Achintay Singh is the founder of RaSa Capital, an independent research and financial education brand from India. The name is a tribute to his family. Growing up around the family petrol pump, he watched cash arrive one litre at a time, which taught him that real businesses compound slowly. His first investment was fifty shares of Reliance Industries, made with the guidance of his maternal uncle, a stock market veteran of more than twenty years. RaSa Capital publishes a daily research journal on listed Indian companies, a Weekly Commentary on Indian markets, plain-language explainers and free tools such as a goal planner and a savings comparison. Through Finance for Families, starting in 2027, it will run free money sessions for families in Patna. RaSa Capital does not give buy or sell recommendations. Achintay's long-term goal is to build a SEBI-registered investment firm. He also hosts THINK WAY, a Hinglish YouTube channel on markets, and is writing two books, OCTANE and The Arithmetic of Patience.
03The name
Ra
+Sa
=RaSa.
Two syllables, one idea. RaSa is a tribute to the founder's family, and a reminder that the money this brand writes about belongs to families too. Say it RAH-sah.
04Logo
- Keep the brass dot. It is part of the name: RaSa. Capital.
- Give it room. Leave space around the logo at least the height of the “R”.
- Do not change it. No stretching, new colours, shadows or outlines.
05Logo studio
Make the logo in the exact size and colour you need. It is drawn fresh in your browser, sharp at every size, even for a 4K screen or a printed banner.
Version
Background
Black
Width
2048 × 614 px · PNG
06Colour and type
AaArchivoHeadlines and text · 400 to 900
0.42%IBM Plex MonoNumbers, data and labels
07Milestones
- The RaSa Capital website goes liveA public research journal: one listed Indian company studied every day.
- The Weekly Commentary beginsThree takeaways on Indian markets, every week.
- The Weekly LetterA free newsletter with the week's research, in plain language.
- Finance for FamiliesFree money sessions for families, starting in 2027.
08Facts
- Founded
- October 2026
- Founder
- Achintay Singh
- Based in
- India
- Website
- rasacapital.in
- Publishes
- Research journal (daily), Weekly Commentary, The Weekly Letter
- Status
- Education and research only. Not registered with SEBI. No buy or sell recommendations.
09Cite
Press contact
Writing about RaSa Capital?
For interviews, quotes or features, write directly. Replies usually within two or three days.
hello@rasacapital.in
Home / App
The RaSa app
RaSa in your pocket.
The journal, the markets, the tools and the Weekly Commentary, one tap from your home screen. Free, no sign-up, and it keeps working on a weak signal.
On iPhone or iPad
- Open rasacapital.in in Safari.
- Tap the Share button at the bottom.
- Tap Add to Home Screen, then Add.
01One tap
Opens straight from your home screen, full screen, like any other app.
02Works offline
Pages you have opened and the latest market data stay readable without internet.
03Shortcuts
Press and hold the icon to jump straight to Markets, the Journal or Tools.
04Always current
Updates arrive by themselves. Nothing to download from a store, nothing to update.
Home / Books
Books
Books by Achintay
Two books about money, family business and patience. One is a thriller. The other is a slow lesson.
Novel · Kindle and paperback
OCTANE
A coming-of-age financial thriller.
A teenager whose family runs a petrol pump is pulled into the world of trading, where every price on the board hides a story, every shortcut has a cost, and the hardest trade is the one you do not make.
- Format
- Kindle eBook, paperback
- Length
- 50 chapters
- Published
- 2026
Story and investing lessons · Kindle
The Arithmetic of Patience
A story about money, told slowly.
Through an uncle who runs a small advisory business, a young narrator learns why the best investing decisions look boring, why time does most of the work, and why the arithmetic of patience beats the excitement of a tip.
- Format
- Kindle eBook
- For
- Readers new to investing
- Published
- 2026
Waitlist
Be first to know.
New editions, printed copies and the next book. One email when there is news, nothing else.
Home / My RaSa
My RaSa
Your watchlist and saved articles on every device, and an email the day before a company you follow reports results. Free. Just your email, no password.
- No password. A link in your inbox signs you in, on any phone or laptop.
- Your watchlist follows you. Star a stock on your phone, see it on your laptop.
- Results reminders. One email the day before a company on your watchlist reports.
Signed in as
Watchlist
Star any company on its stock page to add it.
Saved articles
Press ☆ Save on any article or letter.
Your email is used only to sign you in and to send the reminders you choose.
This research story is being written. The data, the charts and the findings appear here soon.
Read the Weekly Commentary →Try it
If petrol goes up by 10%
How this was measured
Prices from Google Finance, delayed up to 20 minutes. XIRR is your yearly return, taking into account when each purchase was made. This tracker is for your own record keeping; it is not investment advice.
Home / Academy
Free course
RaSa Academy
Ten short lessons on how investing really works, from what a share is to building your own plan. About five minutes each, three quick questions at the end, and a certificate with your name when you finish. In English and Hindi.
0 of 10 done
Well done
Your certificate is ready
Type your name as you want it to appear, then download it to share.
RaSa Academy is a free educational course. It is not a SEBI certification and not investment advice.
यह लेख अभी सिर्फ़ अंग्रेज़ी में है। हिंदी संस्करण जल्द आएगा।
In many Indian homes, the first investment is not a share or a mutual fund. It is a passbook from the post office. Even today, with trading apps on every phone, millions of families keep choosing it. I wanted to understand why.
1. The guarantee
Money in post office small savings schemes is backed by the Government of India. That is the strongest promise an Indian saver can get.
Bank deposits are also protected, but in a different way. If a bank fails, deposit insurance from the DICGC covers up to ₹5 lakh per depositor in each bank. For a family that has saved for years, the idea of a sarkari guarantee with no cap feels safer, and that feeling matters as much as the fine print.
2. It is everywhere
India Post had 1,64,999 post offices as of March 2025, and about 90% of them were in rural areas. In many villages, the post office is the only financial counter within walking distance. The postman is someone the family has known for years. Trust is easier to give to a person you can see.
3. You know the return before you start
Small savings rates are set by the government every quarter. For October to December 2026 they were kept unchanged:
| Scheme | Rate |
|---|---|
| Sukanya Samriddhi Yojana | 8.2% |
| Senior Citizens Savings Scheme | 8.2% |
| National Savings Certificate | 7.7% |
| Kisan Vikas Patra | 7.5% |
| 5-year Time Deposit | 7.5% |
| Monthly Income Scheme | 7.4% |
| Public Provident Fund | 7.1% |
| 5-year Recurring Deposit | 6.7% |
| Savings Account | 4.0% |
A family can write the final amount in a diary on day one. For someone whose income depends on a harvest or a small shop, that certainty is worth a lot.
4. Habit and simplicity
A recurring deposit of a few hundred rupees a month builds a saving habit without any decisions to make. There is no app to learn, no market to watch, and some schemes like PPF also come with tax benefits under the old tax regime. Parents who saved this way teach their children to do the same.
What it costs
Certainty has a price. Returns are fixed, so after inflation the real growth is modest. Some schemes lock money in for a long time: PPF runs for 15 years. And none of this money takes part in the growth of Indian businesses, which over long periods has usually been higher, though with ups and downs along the way.
Neither choice is simply better. The post office is built for safety and certainty; equity is built for long-term growth with risk. Many families need both. Try the compounding calculator with a 7% and a 12% return to see how big the gap can get over 20 years.
What I took away
The post office does not win on returns. It wins on trust: a guarantee people understand, a counter they can walk into, and a promise kept for generations. That is the standard I want RaSa Capital to earn, one honest page at a time.
Rates are for October to December 2026 and change every quarter. Check India Post before investing. This article is for education, not advice.
Home / Glossary
Finance glossary
The words you see on every stock page and finance video, explained in plain language.
- P/E ratioPrice to earnings
- Share price divided by earnings per share. It tells you how many rupees investors pay today for every one rupee of yearly profit.A P/E of 20 means the market pays ₹20 for ₹1 of annual profit. When profit is negative, P/E cannot be calculated.
- EPSEarnings per share
- The company's net profit divided by the number of shares. It is your share of the profit for each share you own.Negative EPS means the company made a loss over the period.
- Market capMarket capitalisation
- Share price multiplied by the total number of shares. It is what the stock market says the whole company is worth today.In India, the 100 biggest listed companies by market cap are called large caps.
- 52-week high and lowPrice range
- The highest and lowest price of the share over the last one year.Shows where today's price sits compared with the past year. It says nothing on its own about value.
- VolumeTrading activity
- The number of shares bought and sold during the day.High volume means many people are trading the stock that day.
- DividendProfit shared
- Part of the profit a company pays to its shareholders in cash.Dividend yield is the yearly dividend divided by the share price.
- RevenueTop line
- All the money a company earns from selling its products or services, before any costs.Revenue growth with no profit growth is a warning sign worth checking.
- Profit marginProfitability
- Profit as a percentage of revenue.A 10% net margin means ₹10 of profit for every ₹100 of sales.
- Debt to equityBorrowing
- Total borrowing divided by the money owners have put in. It shows how much a company depends on loans.Banks and NBFCs naturally have high debt; compare within the same industry.
- ROEReturn on equity
- Profit divided by shareholders' money. It shows how well a company uses the owners' capital.Consistently high ROE over many years is a sign of a strong business.
- Free cash flowReal cash
- Cash left after running the business and paying for new machines and buildings.Profit can be adjusted in the accounts; cash is much harder to fake.
- Book valueNet assets
- What would be left for shareholders if the company sold everything and paid all its debts, per the balance sheet.Price to book compares the share price with this number.
- SIPSystematic investment plan
- Investing a fixed amount every month, usually in a mutual fund.Removes the need to time the market and builds a habit.
- Expense ratioFund fee
- The yearly fee a mutual fund charges, as a percentage of your investment.Direct plans have lower expense ratios than regular plans.
- IndexMarket benchmark
- A basket of shares that tracks a part of the market. NIFTY 50 tracks 50 large NSE companies; SENSEX tracks 30 on the BSE.Index funds simply copy an index at low cost.
- IPOInitial public offering
- When a private company sells its shares to the public for the first time and lists on a stock exchange.Read the company's offer document before applying.
- Bull and bear marketMarket mood
- A bull market is a long period of rising prices; a bear market is a long period of falling prices.Both are normal parts of investing over many years.
- CompoundingGrowth on growth
- When returns earn their own returns. Over long periods the growth curve bends upward.Time matters more than the amount you start with. Try the calculator in Tools.
- InflationRising prices
- The rate at which prices rise, which slowly reduces what your money can buy.A 7% return with 5% inflation is only about 2% real growth.
- DiversificationSpreading risk
- Owning different kinds of investments so one bad outcome does not hurt too much.Not putting all your eggs in one basket.
- F&OFutures and options
- Contracts whose value depends on a share or index. They allow large bets with little money, which means large losses are possible too.SEBI studies show most individual F&O traders lose money.
Home / Tools
RaSa Tools
Ten free tools for investors and families: live market data, a time machine, a screener, a portfolio tracker, simple planners, a glossary and a free course. No sign-up, nothing to buy.
Live data
01Stock Lookup
Price, chart, 52-week range, P/E and market cap for any NSE company.
Open →Live data
02Compare Stocks
Two companies side by side: size, valuation and where each price sits in its year.
Open →Planner
03Goal Planner
How much to invest every month to reach a goal, after inflation.
Open →Calculator
04Savings Compare
Savings account, RD, PPF, NSC, FD and equity on the same money.
Open →Calculator
05SIP & Compounding
How a monthly investment grows, and where the curve gets steep.
Open →Live data
06Time Machine
What money put into any NSE stock or the NIFTY 50 on a past date is worth today.
Open →Live data
07NIFTY 50 Screener
All 50 of India's biggest companies. Sort by today's move or size, filter by sector.
Open →Reference
08Finance Glossary
22 market terms in plain language, linked from every stock page.
Open →Live data
09Portfolio Tracker
Your holdings with live value, profit or loss and XIRR. Private to your device.
Open →Course
10RaSa Academy
Ten short lessons with quizzes and a certificate, in English and Hindi.
Open →Tool 01 · Live data
Stock Lookup
Price, chart, 52-week range, P/E and market cap for any NSE-listed company.
Tool 02 · Live data
Compare Stocks
Two companies, side by side: size, valuation, and where each price sits in its own year.
Tool 03 · Planner
Goal Planner
Pick a goal. See what it will cost after inflation, and how much to invest every month to get there.
Goal will cost—
Invest every month—
Or one time, today—
Money you put inGrowth from returns
Assumes a constant return and inflation every year. Real returns go up and down. An illustration, not advice or a promise of returns.
Tool 04 · Calculator
Savings Compare
The same money, in six places. See what each one becomes, and whether it beats inflation.
You put in—
Needed to match inflation—
Assumed inflation5% a year
Simplified: every option is compounded yearly at the rate shown. Post Office rates are the government rates for October to December 2026 and change every quarter. PPF has a 15-year lock-in and a yearly limit; NSC locks in for 5 years. Bank FD and equity rates are only examples, and equity can fall. Tax is not included.
Tool 05 · Calculator
SIP & Compounding
Move the sliders. The money you put in grows in a straight line. What it becomes curves upward, and the curve gets steep only in the later years.
You invest—
It becomes—
Growth—
ValueAmount invested
Illustration of compounding at a constant rate. Real returns vary year to year. Not a projection or promise of returns.
Tool 06 · Live data
Time Machine
What if you had invested on a past date? Pick a company or the NIFTY 50, a date and an amount, and see what it is worth today.
Try:
Closing prices from Google Finance. Dividends are not included, and very old prices may not show every split or bonus. A record of the past, not a prediction or advice.
Tool 07 · Live data
NIFTY 50 Screener
All 50 of India's biggest listed companies. Sort by today's move or by size, filter by sector, tap a name for its full page.
Loading the NIFTY 50…
Tool 06 · Reference
Finance Glossary
22 market terms explained in plain language: P/E, EPS, market cap, SIP, NAV, F&O and more. Every stock page links straight to it.
Home / About
About RaSa Capital
A research and education brand from India, built in public by Achintay Singh.
The founder
Achintay Singh
I grew up around our family petrol pump, watching cash come in one litre at a time. That taught me something most market commentary skips: real businesses compound slowly, and the people who win are the ones who stay in their seat.
My long-term goal is to build a SEBI-registered investment firm. RaSa Capital is where it starts: in the open, one piece of research at a time.
- First investmentFifty shares of Reliance IndustriesA gift from my maternal uncle, who first taught me how investing works. He still reviews my research diary.
- Family businessDigital accounts for our petrol pumpReplacing paper registers with a structured Excel system.
- ResearchFuel price volatility and Indian CPIA quantitative study of how pump prices move consumer inflation.
- BuildingWebsite for MAP EnterprisesFor my mamu's mutual fund distribution business in Patna.
- WritingOCTANE and The Arithmetic of PatienceTwo books in progress.
The mentor behind RaSa
Madhukar Anand
Founder, MAP Enterprises · Patna
Every investor has someone who first opened the door. For me, it was my mamu.
He has spent more than twenty years in the Indian stock market, and runs MAP Enterprises, an AMFI-registered mutual fund distributor in Patna. He helped me buy my first fifty shares of Reliance Industries. He did not tell me what to think. He showed me how to read a business, why patience matters more than tips, and why every investment decision should be written down.
The research diary behind this website started on his advice, and he still reads it. RaSa Capital is my own project, but a large part of how I think about money comes from him.
20+years in Indian markets
AMFIregistered mutual fund distributor
Patnaserving families in Bihar
MAP Enterprises and RaSa Capital are separate. RaSa Capital does not sell or distribute any financial product.
Process
How I study a business
Every company goes through the same four questions, in this order. If it fails one, I stop and mark it dropped.
The business
What does it sell, who pays, and why would they keep paying in ten years?
The numbers
Revenue, margins, debt and cash flow over many years, from the annual reports.
The price
What the market already expects, and whether the business can beat it.
The patience
A written thesis, a review date, and the discipline to leave it alone.
Questions
Straight answers
Is RaSa Capital a fund?
Not yet. RaSa Capital does not manage money, take deposits or offer any investment product. It is a research and education brand. A registered fund is the long-term goal and will only happen with full SEBI registration.
Are the journal entries stock tips?
No. The journal records which companies I am studying and what I learned. It never says buy, sell or hold and never gives price targets.
How often is the journal updated?
Most days. Each entry is one company and a short note on what I studied.
Where does the market data come from?
Google Finance. Prices can be delayed by up to 20 minutes and are shown for reference only.
Home / Contact
Let's talk businesses
For collaborations, newsletter questions, or a company you find interesting.
Email
Write to me
I read every message.
hello@rasacapital.inVideo
THINK WAY on YouTube
Hinglish explainers on trading and markets, with motion graphics.
Social
@broke_atthepump: fuel economics, simplified.
Message
Send a message
It reaches me directly. I reply from my own email.
The Weekly Letter
One company. One lesson. Every week.
The company I studied, what surprised me, and one idea you can use with your own money. Free.