Vedant Damani

Experience

• 

  Debating Society, IIT Kharagpur

  Dec 2020 - Jun 2022

  Debater

  Participated in various Asian and British Parliamentary Debates at Institute Level

• 

  Aerial Robotics Kharagpur

  Jun 2021 - May 2023

  Mechanical Team Member

  Designed drones, blades based on aerofoil shape , used arduino to simulate controllers and also designed a foldable quadcopter on AutoCAD.

• 

  Mekanika

  Jan 2022 - May 2023

  Selected as a Secretary amongst 250+ students and entrusted with the responsibility for conducting activities for the students of the mechanical department.Initiated a blog series named Core expedition to create awareness opportunities in the core field.Organized a farewell event for the Mechanical department, for students graduating in 2022 with over 200 attendees.

  • Coordinator

    Sept 2022 - May 2023

  • Secretary

    Jan 2022 - Sept 2022
• 

  Aditya Birla Sun Life Mutual Fund (ABSLMF)

  May 2022 - Oct 2022

  Intern

  Asset Management -Equity research for launching India Special Opportunities Fund in the AIF space. Corporate Project -Import substitution project to identify and invest in high-growth domestic equities.Technical Project -Dashboard automation for primary and secondary bond issuances. Developed correlation between the bond market and the equity market performance.

• 

  Antique Stock Broking Limited

  Dec 2022 - Jan 2023

  Intern

  • Utilized 8000-run Monte Carlo simulations and statistical methods (Skewness, Kurtosis, Omega), obtaining a 15% decrease in portfolio VAR• Applied Multivariate linear regression and stochastic calculus to predict securities performance, outperforming baseline strategy by 12%

• 

  Ventura

  Jan 2023 - Mar 2023

  Intern

  • Formulated a Buy Pitch deck as a representative at 'Landmark Cars' IPO meeting, successfully generating 40% returns within 2 months• Identified 6 high-growth equities trading at fair value through intrinsic valuation, modeling, and key ratio scrutiny as a Buy-side analyst• Implemented an automated financial modeling system using Python and generative AI, integrating real-time data feeds and dashboards

• 

  Fisdom

  May 2023 - Jul 2023

  Summer Intern

  • Executed Black-Litterman and efficient frontier-based portfolio optimization algorithm, resulting in a 45% boost in allocation efficiency• Crafted unique multi-asset allocation baskets for 5 distinct investor profiles across varied time horizons, driving profitability up by 25%

• 

  CompoundX

  Aug 2023 - now

  Founder

  At CompoundX - a pioneering Wealth Management Venture founded at IIT Kharagpur, our mission is encapsulated in our tagline, "Turning Small Wins into Big Gains." My role goes beyond just managing investments; it's about fostering a culture of learning and earning. In my journey with CompoundX, I've successfully navigated through diverse market conditions, making 20 strategic stock picks, including gold during times of volatility and uncertainty enabled by robust cash management decisions, and efficient investment decisions.From an initial capital of ₹10,000, our funds have grown over to ₹57000 in just 8 months. This growth is a testament to my investment strategy, targeting a minimum 10% return on each trade, often surpassing this benchmark ( up to 150%) My approach is adaptable, covering picks with a holding period ranging from a 3 days to 6 months, and employs fundamental, technical, and momentum-based swing techniques. I actively manage an advisory with 20+ active clients generating extra alpha.But at CompoundX, it's not just about the numbers. I regularly engage in discussions in our public community, sharing insights on everything from macro to microeconomics and exploring a variety of asset classes. These interesting charts and analyses often enhance these sessions, making complex financial concepts more accessible.I've also organized speaker sessions with industry experts, a key part of our commitment to continuous learning. These sessions provide invaluable perspectives and are integral to the educational fabric of CompoundX.Moreover, I've authored a series of blogs, diving into various facets of finance and investment encompassing macroeconomic factors, Industry outlooks, Sectoral analysis, multiple asset analysis, and personal opinions on varied topics.In essence, my role at CompoundX is about building more than a wealth management firm. Interested in connecting and open to people willing to join since it is backed by experts mentoring this venture. Show less