How to identify businesses that can grow 10X? | ft. Vikas Khemani

In this episode of The Compounding Mindset, host Nehal Mota, Co-founder of Finnovate, sits down with Vikas Khemani, Co-founder & CIO of Carnelian Asset Management & Advisors, to discuss how investors can navigate market uncertainty and identify long-term wealth creation opportunities. From understanding India's growth story to evaluating businesses and planning for retirement, Vikas shares the frameworks that guide his investment approach. You'll hear about: -The key indicators to watch when assessing India's growth prospects. -How to identify potential multibaggers through earnings growth and valuation re-rating. -How to evaluate quality businesses and assess management. -Vikas's three types of investment risk: permanent loss of capital, market volatility and opportunity loss. -Retirement planning strategies and why consistent savings matter more than chasing a fixed corpus. -Why patience, discipline and trusting your investment process are essential for compounding wealth. 00:00 – Introduction 01:38 – How Investors Should Handle Market Volatility? 07:30 – Key Indicators to Watch for India's Growth 11:04 – What to Check Before Buying a Stock? 13:28 – How to Identify a Multibagger? 17:27 – How Much Should You Pay for a Stock? 26:26 – How Much Money Do You Need to Retire? 28:56 – How to Choose the Right Mutual Fund House? 33:22 – Why Are PMS Firms Entering the Mutual Fund Business? 36:05 – Why Should You Trust a New Mutual Fund? 39:48 – Investing Rapid Fire: Myths, Mistakes & Mindset