RD
Rohan Desai, CFA
CFA Charterholder — Markets & Corporate Finance Lead
8+ years experienceCFA Institute
8+
Years
147
Articles
2
Practice areas
About Rohan
Rohan is a CFA Charterholder and former equity research analyst with 8 years covering Indian mid-cap equities and corporate finance. He handles Oquilia's mutual fund, equity, and corporate-finance content — including DCF valuations, WACC, return-on-invested-capital, and fund category analysis. Before Oquilia he wrote institutional research covering banking and NBFC stocks for buy-side clients.
Credentials & Certifications
- • CFA Charterholder
- • NISM Research Analyst Certification
Areas of focus
investmentmarketscorporate
The column
All articles by Rohan Desai
147 published articles across 2 practice areas, A–Z.
Investment (76)
- AMFI March 2026 Data: MF AUM Slips to Rs 73.73 Lakh Crore on Mark-to-Market Losses, Flexi-Cap Still Leads Inflows
- AMFI March 2026 data: SIP assets cross Rs 15 lakh crore as equity inflows extend record 61-month streak
- Annual LTCG Harvesting vs Buy-and-Hold Equity: The Rs 1.25 lakh Exemption Math, Family Arbitrage and Grandfathering
- Arbitrage Fund vs Liquid Fund: Why the Equity Tax Status of Arbitrage Funds Beats Liquid for HNIs
- Before you buy a debt fund, check its Potential Risk Class cell — SEBIs 3x3 grid tells you the real risk
- Debt Mutual Fund Taxation Post-April 2023: Indexation Removal vs Fixed Deposits for New Investors
- Direct vs Regular Plan: AMFI Disclosure Rules That Reveal Distribution Cost Drag On Wealth
- ELSS in the New Categorisation Era: SEBI's 2026 Rationalisation and the Three-Year Lock-In Math
- ELSS vs PPF for the 80C wallet: Post-tax IRR comparison over a 15-year horizon
- ELSS vs PPF Over 15 Years: Post-Tax IRR Math Including Section 80C And 112A Tax
- ELSS vs PPF over 15 years: post-tax XIRR comparison and the lock-in trade-off
- Equity holds 43%, debt 24%, hybrid 14% — AMFIs category map of where Indian fund money actually sits
- Equity Savings Fund vs Balanced Advantage Fund: Which Hybrid Wins on Risk-Adjusted Returns
- FD vs Debt Mutual Fund Post-Tax: How the Finance Act 2023 Indexation Removal Changed the Math
- Flexi Cap vs Multi Cap: Why SEBI Created a Separate Category and What It Means for Post-Tax Returns
- How SEBI caps mutual fund Total Expense Ratio: the AUM-linked slabs and B30 incentive explained
- How SEBI Polices the Rs 10 Lakh SIF Floor: The July 2025 Threshold-Monitoring Circular Explained
- How SEBI's Total Expense Ratio Slabs Quietly Shrink Your Mutual Fund's Post-Tax Returns
- Hybrid fund taxation: The 65% equity rule that decides equity vs slab treatment
- Hybrid mutual fund tax classification post-2024: equity vs debt vs the new specified category
- India's mutual fund AUM just crossed Rs 81 lakh crore — what AMFI's latest numbers say about where money is flowing
- International equity funds: Slab-rate taxation post April 2023 amendment
- International mutual funds post-Finance Act 2024: 12.5% LTCG without indexation and the 24-month switch
- Large, mid or small cap: how SEBI actually defines the fund you own (rank 1-100, 101-250, 251+)
- Liquid funds vs sweep-in FDs: instant-redemption math, post-tax yield, and the corporate cash bucket use case
- NPS Tier 1 vs Tier 2: Tax Benefits, Withdrawal Rules and Why Tier 2 Is Underused
- NPS Tier 2 Account: Liquidity Tool Without Tax Benefit Or Lock-In For Most Subscribers
- NPS Tier 2 account: voluntary withdrawals, no 80C, and the curious tax treatment of gains
- Post-Tax Math: What the 12.5% LTCG Rate Under Section 112A Really Costs Your Equity Fund Gains
- PPF vs ELSS vs NPS for FY 2025-26: Tax-Saving Comparison with Post-Tax Returns
- PSU Bond Fund vs Corporate Bond Fund: Credit Risk, Yield Spread and the AAA-vs-AA Trade-Off
- Reading AMFI's Monthly Data Right: AUM, SIP Flows and Folio Trends Every Investor Should Track
- Reading the Riskometer: SEBI's Six Risk Levels and Why They Matter Before You Pick a Mutual Fund
- Reading the SEBI Riskometer: the six product-labelling risk levels every mutual fund investor should know
- REIT vs Rental Property in India: Yield, Liquidity, Tax and Why Most Retail Investors Pick the Wrong One
- SEBI 2026 mutual fund categorization overhaul: how the new scheme rules reshape where your SIP money can go
- SEBI Categorisation & Rationalisation of Mutual Fund Schemes: large, mid and small cap rules explained
- SEBI Flexi Cap category: 65% equity floor and the freedom from market-cap allocation
- SEBI International Fund Limits: Why Indian MFs Stopped Taking Lump Sum Overseas Inflows
- SEBI just rewrote mutual fund category rules in 2026 — what changed for your equity and debt funds
- SEBI lets you name up to 10 nominees on a mutual fund folio: the estate-planning upgrade every SIP investor should action
- SEBI MF Lite framework opens the door to cheaper passive funds: what the lighter regime does to your net returns
- SEBI MF Lite Regulations: Passive-Only AMCs Get Easier Entry Framework From 2025
- SEBI Multi Cap rule: 25% mandatory allocation each in large/mid/small caps
- SEBI now forces funds to show you the rupee cost of expenses, half-yearly returns and yield — read the fine print
- SEBI passive fund norms: how index funds and ETFs are governed, from tracking error to debt index limits
- SEBI PRC matrix: 3x3 debt fund classification by interest rate and credit risk
- SEBI reclassifies REITs as equity for mutual funds and SIFs: what deeper fund exposure to REITs means for investors
- SEBI Reclassifies REITs as Equity-Related Instruments: How It Raises Mutual Fund Exposure Headroom
- SEBI REIT and InvIT trading rules: how bidding, allotment and trading lot sizes work for retail investors
- SEBI Specialized Investment Funds (SIF): the new asset class between mutual funds and PMS, explained
- SEBI Specialized Investment Funds demand a Rs 10 lakh minimum: the post-tax case versus a plain equity mutual fund
- SEBI Tightens SIF Rules: How the Rs 10 Lakh Threshold Is Now Monitored at PAN Level
- SEBI Total Expense Ratio: Slab-Based Caps That Make Large MFs Cheaper Per Rupee
- SEBI's Feb 2026 Mutual Fund Re-categorization: What Changes for Your Portfolio Allocation and Post-Tax Returns
- SEBI's February 2026 Mutual Fund Re-Categorisation Circular: What Changes for Equity Investors
- SEBI's Specialised Investment Fund (SIF): The New Rs 10 Lakh Asset Class Sitting Between Mutual Funds and PMS
- SEBI's Specialized Investment Funds (SIF): The Rs 10 Lakh Bridge Between Mutual Funds and PMS
- SGB vs Physical Gold vs Gold ETF: 2.5% Interest Tax-Free vs Making Charges vs Expense Ratio
- SIP Book Hits Rs 15.11 Lakh Crore — Now One-Fifth of All Mutual Fund Assets (AMFI March 2026)
- SIP inflows hit a record Rs 29,529 crore in October 2025: what a disciplined equity SIP actually keeps after 12.5% LTCG
- SIP vs lumpsum on a Rs 24 lakh corpus: rupee-cost averaging math vs sequence-of-returns risk
- Sovereign Gold Bond exit options: 8-year maturity, the 5-year early redemption window, and tradable secondary market
- SSY vs PPF for Girl Child Savings: 8.2% vs 7.1% Rate and the Lock-In Trade-Off
- The 25-25-25 Rule: How SEBI Forces Multi Cap Funds to Spread Across Large, Mid and Small Caps
- The Riskometer on Your Mutual Fund Factsheet Has Six Levels - Here's How SEBI Computes That Needle
- Total Expense Ratio Math: How SEBI's TER Slabs and the B30 Incentive Quietly Eat Into Your Returns
- Tracking Error Limits: How SEBI's Passive Funds Rules Keep Your Index Fund Honest
- Tracking error vs tracking difference: Reading the gap between an index fund and its benchmark
- What Counts as Large, Mid and Small Cap: The AMFI List That Decides Where Your Fund Can Invest
- What SEBI actually counts as small-cap: the rank-251 rule and the post-tax reality of chasing small-cap fund returns
- What SEBI's Market-Cap Ranking Rules Mean for Your Large, Mid and Small Cap Mutual Fund Returns
- What the Latest AMFI SIP and AUM Numbers Reveal About India's Mutual Fund Boom
- Why SEBI Made Funds Switch to Total Return Index Benchmarks and How It Changed Fund Performance Optics
- Your Equity SIP's Real Return: Modelling Post-Tax CAGR After the New 12.5% LTCG Rule
- Your liquid and debt funds must hold a minimum buffer and pass stress tests — SEBIs post-2020 safety rules
Markets (71)
- AMFI AAUM disclosure: Reading direct vs regular plan share by category
- AMFI Data: Monthly SIP Inflows Hit Rs 31,115 Crore in April 2026 — What the Record Run Means for Pre-Open Sentiment
- AMFI half-yearly stock classification: large/mid/small cut-offs and what it means when a stock changes bucket
- AMFI May 2026 data: industry AUM at Rs 81.58 lakh crore as monthly SIP flows top Rs 30,000 crore
- AMFI Monthly AAUM Data: How To Read Industry-Level And Scheme-Level MF Disclosures
- AMFI: Mutual Fund Industry AAUM Crosses Rs 81.94 Lakh Crore in April 2026 — Domestic Money Pool Behind the Market
- Beyond returns: SEBI now makes mutual funds disclose the Information Ratio: what the Jan 2025 risk-adjusted-return rule means
- Block Deal vs Bulk Deal: SEBI Disclosure Rules and Why the Difference Matters for Retail
- F&O Segment Margin Rules: SEBI 2024 Update on Upfront Margin and Position Limits
- FII vs DII Flows: How Foreign and Domestic Institutional Money Affects Nifty Daily Action
- Flexi cap vs multi cap mutual funds: SEBI 25-25-25 rule, the 2020 carve-out, and tax behaviour
- How SEBI polices the Rs 10 lakh SIF entry ticket: the July 2025 minimum-investment-threshold monitoring circular
- India Mutual Fund AUM Hits Rs 81.58 Lakh Crore in May 2026 — A Sixfold Jump in a Decade, AMFI Data Shows
- MSCI India Index Quarterly Rebalance: Stock Inclusions, Exclusions and Passive Flows
- Mutual Fund AUM Hits Record High in October 2025 as SIP Inflows Top Rs 29,500 Crore: AMFI Data
- Nifty 50 PE Ratio: Reading the Historical Mean and the Mean-Reversion Signal
- NSE Circuit Breaker Rules: 10% / 15% / 20% Triggers and How Trading Halts Work
- NSE F&O lot size revision protocol: when contracts change, the half-yearly review, and rollover impact
- NSE F&O lot size revisions: Rs 15 lakh minimum contract value rule explained
- NSE individual stock circuit filters: 2/5/10/20% bands and revision triggers
- NSE revised F&O lot sizes for Nifty and Bank Nifty in January 2026 — what changed for derivatives traders
- RBI February 2026 policy: repo rate steady at 5.25% as one member pushes for an accommodative stance
- RBI Holds Repo Rate at 5.25% in June 2026 MPC, Retains Neutral Stance: What Pre-Open Traders Should Watch
- RBI June 2026 Pre-MPC Preview: What to Watch After the April Hold
- RBI Monetary Policy Watch: June 5, 2026 MPC Statement Headlines the 2026-27 Rate Calendar — Pre-Open Rate Setup
- RBI MPC Cuts Repo Rate to 5.25% in December 2025: What the Decision Means for Markets
- RBI MPC June 2026: repo rate held at 5.25% with neutral stance — what a pause means for markets
- RBI MPC Schedule: Six Bi-Monthly Meetings That Will Drive India Rate Direction
- RBI MPC: How stance differs from the repo rate decision and why both matter
- RBI Statement on Developmental and Regulatory Policies 2026: gold-loan harmonisation and UPI limit signals
- Retail algo trading gets guardrails: SEBIs Feb 2025 broker-API framework and what DIY traders must know
- SEBI (Mutual Funds) Regulations 2026 and the new Master Circular: a consolidated rulebook from April 1
- SEBI Eases Trading Convenience and Tightens Risk Monitoring in Equity Derivatives (May 2025)
- SEBI Extends Distributor Incentive Push for New Investors from B-30 Cities and Women (Jan 2026 Circular)
- SEBI Extends Retail Algo Trading Implementation Timeline — Updated Compliance Calendar for Brokers (Sep 2025 Circular)
- SEBI F&O Stock Eligibility: New Higher Bar After August 2024 Tightening Reshapes Lists
- SEBI Fixes Equity Derivatives Expiry Days: What the May 2025 Circular Means for F&O Traders
- SEBI Issues Compliance Reporting Formats for Specialized Investment Funds (SIFs) — New Asset Class Takes Shape
- SEBI launches Specialized Investment Funds: what the Feb 2025 SIF framework and Rs 10 lakh floor mean for investors
- SEBI Mandates Information Ratio Disclosure for Mutual Fund Schemes: New Risk-Adjusted Return Metric
- SEBI Mandates Standardised, Validated UPI IDs for Investor Payments to Registered Intermediaries — What Traders Must Check Before Funding
- SEBI March 2025 Circular: Intraday Monitoring of Position Limits for Index Derivatives Explained
- SEBI Margin Trading Facility norms: minimum collateral, leverage limits, and broker square-off mechanics
- SEBI Margin Trading Facility: Funded amount, eligible collateral, and exposure limits
- SEBI Market Infrastructure Institution framework: critical operations, business continuity, and the cyber-security expectations
- SEBI MF stress tests: Smallcap and midcap liquidation timeline disclosures
- SEBI mid and small cap mutual fund stress tests: redemption days, the Feb-2024 froth warning, and what investors should track
- SEBI Mutual Fund Categorization: The 36-Bucket System That Reshaped India's MF Industry
- SEBI Opens a Special Window for Transfer and Dematerialisation of Physical Securities — Ease of Doing Investment (Jan 2026)
- SEBI Reclassifies REITs as Equity-Related Instruments — Bigger Mutual Fund and SIF Participation Ahead (Nov 2025 Circular)
- SEBI Reclassifies REITs as Equity-Related Instruments to Boost Mutual Fund Participation
- SEBI reclassifies REITs as equity: what the Nov 2025 circular changes for mutual fund and SIF portfolios
- SEBI Reviews Calendar Spread Margin Benefit in Single-Stock Derivatives on Expiry Day: Feb 2026 Circular
- SEBI Rolls Out Intraday Position-Limit Monitoring Framework for Equity Index Derivatives
- SEBI Skin-In-Game Rule: How AMC Key Employees Must Hold MF Units For Three Years
- SEBI Small and Medium REITs: the Rs 50 crore floor, retail Rs 10 lakh ticket, and what differentiates them from big REITs
- SEBI Stress Test Disclosure: Why Small And Mid-Cap MFs Now Publish Liquidation Days
- SEBI T+0 settlement expanded to top 500 stocks: liquidity profile, optional vs default toggle, and broker readiness
- SEBI T+0 settlement: The optional same-day cycle and its 1:30 PM cut-off
- SEBI T+1 vs T+0 Settlement Cycle: How Faster Settlement Affects Margin and Liquidity
- SEBI Tightens Valuation of Physical Gold and Silver Held by Mutual Fund Schemes — Feb 2026 Circular Explained
- SEBI Total Expense Ratio caps: equity vs debt, the slab structure, and the brokerage carve-in
- SEBI's 'Safer Participation in Algo Trading' Framework: What Retail Traders and Broker APIs Must Do at the Open
- SEBI's Intraday Position Limits Monitoring for Equity Index Derivatives: The Framework Still Shaping F&O Trading
- SGX Nifty to GIFT Nifty: How the Singapore-to-Gandhinagar Migration Reshaped Pre-Open Cues
- SIP Inflows Touch Rs 30,954 Crore in May 2026: AMFI Numbers Signal Resilient Retail Flows Into Equities
- Spotting a genuine SEBI collection UPI ID: the June 2025 validated-and-exclusive UPI rule for intermediaries
- Switching your mutual fund distributor: what AMFI's Oct 2025 best-practice circular 106/A changes on AUM transfer
- The SIF rulebook takes shape: SEBI's April 2025 application and ISID formats
- Up to 10 nominees and rules for incapacitated investors: SEBI's January 2025 nomination revamp explained
- Why retail algo-trading rules slipped: SEBIs Sept 2025 extension of the Feb 2025 implementation timeline
Editorial Policy
Rohanadheres to Oquilia's editorial policy: all financial content is based on primary sources (SEBI, IRDAI, RBI, CBDT notifications), reviewed by a qualified specialist before publication, and dated with a visible "Last updated" timestamp. Oquilia does not accept paid placements, affiliate fees, or sponsorships that would influence editorial positions.