Monday, May 4, 2020

Story of "Hello"

May 04, 2020 0
"Hello", the word is probably used more often than any other word in the English language. People, whether they know English or not, use "Hello", again and again, every day.

Where did the word come from? Some say it came from the French, "ho" and "la"-"Ho, there. This greeting may have arrived in England during the Norman conquest in  the year 1066 

"Ho, there", slowly became something that sounded like often heard in the 1300's during the days of the

English poet,Geoffrey Chaucer.
Two hundred years later in the time of William Shakespeare, the great dramatist, "hallow had become "halloo". 
As time passed. "halloo" changed into "hullo".

Thomas Alva Edison, the well-known American inventor, is believed to be the first person to use "hello" in the late 1800's. He would have done it soon after the 
invention of the telephone. 

At first, people greeted each other on the telephone with "Are you there? They were not sure the new device could really carry voices. 
Edison, however,was a man of few words. He did not waste time. The first time he picked up the phone he did not ask it anyone was there! He was sure someone was, 
and simply said, "Hello". From that time on -only about 100 years ago the "hullo" became "hello", as it is heard today.
                                                 When the ego dies, the soul awakes.

Friday, April 17, 2020

Discussed about various relaxation due to COVID-19. (RBI GOVERNOR)

April 17, 2020 0
RBI governor vide Press Conference dated 17.04.2020 thanked Corona Warriors, forefront of the battle against COVID-19 and discussed about various relaxation due to COVID-19.

Key Highlights of Press Conference :

1. Launch of TLTRO 2.0 worth Rs. 50,000 crore.

2. India expected to post a sharp turnaround in FY22 with 7.4% growth, as per IMF.

3. Announced a rate cut of 75 basis points.

4. Reverse repo rate is being reduced by 25 bps from 4% to 3.75% under Liquidity adjustment facility (LAF).

5. The TLTRO option of Rs. 25,000 crore is to be conducted today (April 17).

6. Financial conditions have eased considerably and activity in corporate bond market has picked up.

7. Focused on following measures announced by RBI :

(i.) Maintain liquidity in the system,

(ii.) Facilitate and incentivise bank credit flows,

(iii.) Ease financial stress,

(iv.) Enable formal working of markets.

8. Injected 3.2 percent of GDP into the economy by RBI to tackle liquidity situation.

9. LCR- Reduced from 100% to 80%.

10. NPA classification will exclude 90-day moratorium period.

11. LCR requirement of scheduled commercial banks being brought down from 100 percent to 80 percent with immediate effect and This shall be restores to 90 percent by October 2020 and 100 percent by April 2021.

12. Period of resolution plan for NPAs to be extended by 90 days.

13. Loans given by NBFCs to commercial real estate to get same relief.

14. Banks shall not make any dividend payments until further orders.

15. Rs. 50,000 crore special finance facility to be provided to financial institutions such as Nabard, Sidbi, NHB.

16. No change in repo rate which is decided by MPC.

17. Redemption pressures faced by some mutual funds have moderated.

18. Automobile production, sales declined sharply in March; electricity demand has fallen sharply.

19. ATM operations stood at 91%, no downtime on internet and mobile banking.

20. Additional regulatory measures being announced today, consistent with BASEL guidelines.

Saturday, April 4, 2020

Story of Everest (JOSEPH DE SOUZA)

April 04, 2020 0
Story of Everest

About 140 years ago, the Great Trigonometrical survey of India established that Everest was the
highest mountain in the world. To men who had climbed the greatest peak of the Alps, the Andes, etc., Everest represented the supreme Mt. Everest alt challenge. The Everest mountain lay in almost inaccessible country on the borders  of Nepal and Tibet. The rulers of both countries would not entertain the idea of an expedition when it was first suggested in 1907. In 1921, the first expedition,
explored the approach through Tibet. After that 11 major expeditions eight of them aiming to reach the summit explored Everest before 1953.

On three occasions climbers got within 1000 feet of the top, but they were exhausted and could not
bear the climate. The 1953 expedition was organised and led by John  Hunt, a 43-year-old Brigadier who had climbed his first high Alpine peak at the age of 15. It was Hunt who had to decide on the final composition of the team, taking into account the climbing British Army record, health, and endurance of each member. The team finally chosen consisted of 10 people, with a doctor and several "reserves". They included 33-year-old of Edmund Hillary and 28-year-old, it Tom Bourdillon, both members of 3. the 1951 reconnaissance team;

Wilfred Noyce and Tom Stobart, the film camera man and photographer. Tenzing Norgay joined the
expedition at Kathmandu. Thus the expedition gathered in March,  including 12 porters carrying boxes of local money, set out with 473 packages weighing seven tonnes. Altogether there were nearly 400 people on the march, Tom  Bourdillon and Charles Evans were to be first team and Hillary and Tenzing the second. The parties were to be supported by Hunt and Alfred Gregory. On May 26th,
Evans and Bourdillon with Hunt and Sherpa Da Namgyal were able to climb 1,550 feet, when Hunt and Da Namgyal who had been cutting steps in the ice, had to turn back.  Hillary and Tenzing  were already moving up to

relieve Hunt and try to reach the final summit if Evans and Bourdillon failed.
Anyhow, on 29th May 1953 at 6:30am. , Hillary and Tenžing left their tent and climbed  to the south summit. On a snow ridge where no human foot had trodden before, they cut steps by turns. After an hour, they came to a 40-foot cliff of smooth rock. Still  they kept cutting. Two hours later, Hillary suddenly noticed that the ridge was beginning to drop sharply. A slight turn, a few steps and they were on the very summit of Everest. They both shook hands. Fifteen minutes later they began the descent. It was this way Hillary and Tenzing reached the final summit of the "Goddess Mother  of the World" as Tibetans called the Everest.

Failure is more frequently from want of energy than want of capital.        - Daniel Wabster

Story Of Tattooing (Dr.Puran Batria)

April 04, 2020 0
Story Of Tattooing
  Dr.Puran Batria 

Tattooing which involves marking the skin with permanent patterns by inserting pigments  (colouring
matter) goes back to ancient times. A 3,500 year old Egyptian mummy (human body preserved) bears the the tattooed symbol of Goddess Neith on it. Traces of this ancient practice have also been found in India. China, Japan, Greece, Rome, Africa, and Europe. The ancient Greeks used tattooing for sending coded messages heads. The Romans branded slaves and criminals by tattooing. Around 7th century tattooing was regarded as irreligious practice and forbidden. In spite of the order, it persisted in some way or the other and has survived many parts of the world. Some who prominent persons patronised this art and them selves wore tattoo marks in public were George V and Edward VII of  Britain, King Frederick of Den mark and British Field Marshal Montgomery. England today has a tattoo club which conducts annual contests in which men and women display their bodies decorated with intricate patterns. In the USA women sporting tattoo marks are estimated to be nearly 3 million. Wilfred Harley of Nottinghamshire, Britain, has only 4 per cent of his skin bare while the rest of the body bear tattoo marks. Rusky Skuse of Hampshire, Britain, has only 15 per cent of her skin not tattooed.

In Japan the art of tattooing is very popular. The artists make mark the body beautiful with artistic patterns of dragon, animals, birds, flowers, landscapes, geishas (Japanese girls trained to entertain
customers) etc., in many colours. To try to equal or excel Japan, tattoo parlours have come up in major port cities of the world. Here skilled artists decorate the bodies of their clients with patterns of foreign countries. Sailors are particularly fond  of tattooing. Males like patterns representing strength such as  Hanuman, Sword, Spear, Lion, Tiger, Ship, Wheel etc., while women go in for delicate objects like flowers, butterflies, dots etc., Tattooing is highly popular in  rural and tribal areas of India. Many tribals of Central India believe that only persons with tattoo marks on their bodies can go to Heaven! They also believe that tattoo has curative properties. Children having weak legs get "horses' inscribed on their thighs children who are weak get 'tigers or lions' tattooed on their chests. Many tribal women get 'dots' tattooed on their faces as beauty marks. In some parts of  Maharashtra it is compulsory for  a girl to wear a very small tattoo mark before getting married. In some parts of Northern India, especially near Ayodhya, Chitrakut and Prayag, men and women  have 'Hare Ram' inscribed on their forearms.

Because of Tattoo's popularity tattooists are much sought after in the open air weekly markets of
rural and tribal areas of the country. They also go from village to village during the festivals. In early
days they used disposable thoms of some trees dipped in soot (the black powder left by smoke from burning coal etc.) to make the tattoo marks. It was really a very painful process. Now days a battery-operated device with a needle attached to it is used. Instead of herbal extracts,  pigments purchased from the chemists are used. The process has become much less painful and causes only a tingling sensation. But this device, as it is in the hands of unqualified people who take no precautions to sterilise the needle, is likely to spread dangerous diseases.

                     Language is the dress of thought.                 - Samuel Johnson               

Monday, March 30, 2020


March 30, 2020 0
Anuva Kalawar, USA
Indian maths has been traced  back to the ancient books called the Vedas, the holy books of the Hindus. They are more than 5000 years old. The number 0 to 9 came from India and the Arab traders carried it to the rest of the world. India also invented the decimal system with place values from zero to infinity.There is a record   
that Guatama Buddha was acquainted with the names of different powers of ten up to 10 raised to the power of 53.The zero symbol was shown as a dot (.) and was used in a metric system by a mathematician called Pingala in 200 B.C.
Mahavira who lived in 9 AD the sun. first discovered a very well-known formula for permutations and theorem was not really developed combinations which has been by Pythagoras, but was actually wrongly attributed to Herigone (1634 AD).

Another mathematician and astronomer named Aryabhatta (5 AD) proved that the earth is round and reflects and receives the sun's light. He also stated that the sun does not move, but the earth and other planets in the solar system move on their axis and around the sun.

The so-called Pythagoras, but was actually being used by Indian mathematicians in 6 BC, long before he was even born!                                                                                    
                                                                                                                               Courtesy : Bal Vihar

                                               One Species of  Animals Per Year                            
Man in his greed and ignorançe has eliminated from the face of the earth nearly 300 species and sub-species of animals over the last 300 years.                                                            - J.Newell 
                                                               A Good Teacher 
A good teacher is one who is willing to learn and communicate. In the  words of Tagore he is a lamp and unless the lamp is burning other lamps cannot be lit.                          - Humayun Kabir
                                      "Flattery corrupts both the receiver and giver. - Burke"



March 30, 2020 0
Saint of Mathematics    Kabita Roy
Since 1992 Japan has been issuing stamps on the theme 'Post-age Stamp for People of Culture'.These stamps commemorate the great achievements of the pioneers of  science and culture who have laid the foundation for Japan's development.
The first such stamps were leased in 1992 in honour of Takakazu
SEKI (1642-1708) on the occasion of the 300th anniversary of his birth. Takakazu SEKI, the saint of mathematics laid the foundation for mathematical progress in the Edo era. One of his most notable achievements was his study of circles and his "circle theory'. He developed the formula for finding out the volume of a sphere and the formula for the area of an ellipse 
(a regular oval). These led to the modern science of differential calculus and integral calculus. 

SEKI's outstanding achievements surround all mathematical and  astronomical spheres of  knowledge, including calendar studies.

                    CAG   : Comptroller and Auditor General of India
                    GIS     : Geological Survey of India
                    IAMC : Indian Army Medical Corps
                    WAY   : World Assembly of Youth
                    PGA    : Parliamentarians for Global Action
                    MFN   : Most Favoured Nation
                                                        Oscar Award
Oscar' is a small statue awarded every year by the Academy of Motion Picture Arts and Sciences, USA., for professional achievements in motion picture production and performance. It was named 'Oscar' in 1931 by an employee of the Academy of Motion Picture Arts and Sciences.

                      Nothing is really achieved without hard work.

Friday, October 25, 2019

6 Steps To Protect Your Family Financially !

October 25, 2019

The time for secured jobs is almost over. In today's times, no job is fully secured, However, there are certain expenses that everyone has to incur to survive in this world as well as to maintain one's social status.
Everyone wants to keep one’s family protected. However, not many are aware of how to do so and where to begin, especially financially. Some people think that just making both ends meet and protecting their family physically is enough, while some others strive to build a fortune in a bid to secure the financial future of their family. However, for doing that, just saving and investing is not enough, as the future is always uncertain and anything can happen to someone who can turn one’s financial goals topsy-turvy. Therefore, you need to do many other things also to protect your family not only financially, but also from unforeseen circumstances. Here are 6 smart ways to do that:
Start with paying off your debt
With growing aspirations, debt has become a part of our lives. Whether it is a home loan, personal loan, car loan, consumer durable loan or credit card loan, a majority of people need to take some kind of loans in their lifetime to realize their dreams as well as to meet their short or long-term needs. However, while borrowing is helpful in some circumstances and can also help you acquire some assets and build wealth – like taking a home loan to buy your dream home or taking a business loan to expand your business – not all types of debt are good for your financial health. In fact, mismanaged debts can also cause immense mental stress, apart from affecting your financial well-being. Therefore, before embarking on your journey to build your family fortune, it is vital for you to pay off all your debt, especially high-interest and bad ones like personal loans and credit card debt, while you can take your own time to clear your home loan, for instance, which is taken for a long term and considered good debt for many reasons

Manage your finances
Apart from having a good debt strategy, you also need to acquire some skills to manage your finances well. That is because in today’s times, when nothing is certain and anything can happen to one’s savings, investments and accumulated wealth, it has become crucial for everyone to learn the tricks of money management – especially, how to live within one’s means, how to create a budget, how to remove unnecessary expenses, how much to save and invest, how to keep one’s money safe, how to consolidate one’s debt, among others. Learning the art of money management is not only good for your financial health as well as the financial future of your family but will also improve your mental health by lowering your stress levels.

Income Protection
The time for secured jobs is almost over. In today’s times, no job is fully secured, However, there are certain expenses that everyone has to incur to survive in this world as well as to maintain one’s social status. In a bid to earn a certain level of income, therefore, one doesn’t only need to keep upgrading oneself by acquiring new skills from time to time, but also need to have a proper investment strategy to save as much as possible for the future needs. Thankfully, there are some income protection plans available in the market which can help protect one’s income in case of a job loss or post retirement. To invest in such protection plans, you should use an IRDAI approved portal IRDAI approved websites are trusted sources to make an investment in Insurance or protection plans. Depending on your needs and future requirements, you can opt for a suitable plan.

Begin Estate Planning
You must have heard those famous stories about the Birla clan, the Ranbaxy family and many others – that what difficulties they had to face in the absence of a proper Will. In fact, not only in India, but the world over, the road to inheritance hell is paved with numerous ill-Will stories, and that is why it is important for you to go for proper estate planning. Will or estate planning is important not only for those having substantial wealth, but also for persons like me or you for various reasons. Estate planning not only helps avoid kin friction post a parent’s death, but also proves helpful in cases where there is lack of clarity about the natural heirs.

Take Adequate Insurance
The future is uncertain and nobody knows what the future holds for one. For instance, you may be earning well enough to take care of your present as well as future needs. However, what if something untoward happens to you? How long will your savings last? Who will take care of your family if you say goodbye to this world or get permanently disabled because of an accident? Insurance – particularly life insurance – can come to your rescue in such cases. In fact, anyone who has dependents and is the sole breadwinner of the family needs life insurance. That is because life insurance can not only help you generate a sufficient nest egg for your future needs but can also give your family full financial protection in case you are not around. If you have just started earning or your income is not enough to take an endowment plan as per your needs, or in case you want to keep savings and protection separately, then you should go for a term insurance plan which offers comprehensive protection for your family. The best thing about term insurance is that it is cheaper and most affordable, which can help you take adequate coverage for future needs. Apart from life insurance, you should also take health insurance for yourself as well as each member of your family, so that you are not financially strained in case someone falls sick. However, in all types of life and health insurance, it is advisable to begin as early as possible to keep your premium low.

Have an Emergency Fund
In this uncertain world where almost everyday we hear stories about job losses and other unpleasant incidents, it has become vital for everyone to have an emergency fund in one’s portfolio. Such a fund will not only help us meet unexpected expenses, but can also help us tide over a family crisis. So, as suggested by financial experts also, you should keep some money in a bank account or liquid funds, which should be able to cover at least 3 to 6 months of living expenses. In case of a job loss also, such a fund will come handy as it may take some time to get a new job.
These are some of the vital steps which you need to take if you don’t want to compromise on the financial security for your family and also want to protect them against unforeseen circumstances!

Wednesday, July 24, 2019

How to invest in DIRECT Plan of Mutual Funds?

July 24, 2019

We have always stated that Mutual Funds are one of the best ways to create and manage wealth. It’s convenient, low cost, well-regulated, transparent and gives benefit of diversification. Starting January 1, 2013 SEBI had mandated all fund houses to have two version of each scheme – Direct & Regular.

Direct vs. Regular:
As the name suggest ‘Direct’ plan are low cost plans where the investor invests directly with the mutual fund AMCs. The direct plans have lower expense as they do not incur cost in terms of commission to intermediaries. The difference in returns can be in the range of 0.25% to 1% between direct and regular plans – which in long term converts to substantial amount. Therefore you should always prefer invest in Direct Pans of Mutual Funds.
Through Mutual Fund Website
Almost all major Mutual Funds AMCs provide facility for managing investment online which includes purchase, redemption, switch and setting up SIP. To start investing you just need to sign up with the AMC website.

There is NO third party involved and the transaction happens between you and the AMC. In case of any issues you can directly contact the mutual fund helpline. This suits investors who have investment across few mutual fund houses.

The biggest problem is if you have investment across multiple fund AMCs you need to remember separate login details of each AMC – which might be overwhelming for some.
The second issue is the investment or redemption process varies across portals, in case you are not tech savvy you might have issues navigating through different portals.
The Third issue is you cannot view and analyze all your investments at one place. However the common account statement solves this problem to a large extent.

Through RTAs (CAMS/karvy)
RTAs or Registrar and Transfer Agent are the one who handle transactions on behalf of mutual funds. There are four RTAs in India. Most mutual funds are served by CAMS & KARVY (list below) while Templeton RTA serves Franklin Templeton Mutual Fund and Sundaram RTA serves Sundaram Mutual Fund. Both Karvy & CAMS offer online investment through their website and Apps.
In case you are not tech savvy you can just walk-in any of the RTAs service center and submit the offline physical investment forms.
1.    Axis Mutual Fund
2.    Baroda Pioneer Mutual Fund
3.    BOI AXA Mutual Fund
4.    Canara Robeco Mutual Fund
5.    DHFL Pramerica Mutual Fund
6.    Edelweiss Mutual Fund
7.    Franklin Templeton Mutual Fund
8.    IDBI Mutual Fund
9.    Indiabulls Mutual Fund
10.  INVESCO Mutual Fund
11.  JM Mutual Fund
12.  LIC Mutual Fund
13.  Mirae Asset Mutual Fund
14.  Motilal Oswal Mutual Fund
15.  Peerless Mutual Fund
16.  Principal Mutual Fund
17.  Quantum Mutual Fund
18.  Reliance Mutual Fund
19.  Sahara Mutual Fund
20.  Taurus Mutual Fund
21.  UTI Mutual Fund
1.    Birla Sun Life Mutual Fund
2.    DSP BlackRock Mutual Fund
3.    HDFC Mutual Fund
4.    HSBC  Mutual Fund
5.    ICICI Prudential Mutual Fund
6.    IDFC Mutual Fund
7.    IIFL  Mutual Fund
8.    Kotak Mutual Fund
9.    L&T Mutual Fund
10.  Mahindra Mutual Fund
11.  PPFAS Mutual Fund
12.  SBI Mutual Fund
13.  Shriram Mutual Fund
14.  Tata Mutual Fund
15.  Union KBC Mutual Fund

You just need to remember 1 or 2 login details as most of mutual funds are handled by Karvy or CAMS.
You can invest both offline & Online through Apps & Website

There are no cons as such but you have to remember 4 login details in case you want to invest in Franklin Templeton Mutual Fund, Sundaram Mutual Fund and others.

Through MF Utility (MFU)
MF Utility (MFU) is a transaction aggregating portal which connects investors, distributors, collection banks, payment aggregators, mutual fund houses, and RTAs. As of today it supports 27 mutual fund AMCs and once you have an account with MFU you can invest across all these fund houses seamlessly. MFU provides a common account number (CAN) which can be used across all 27 participating AMCs.

You can invest in 27 mutual fund AMCs by logging in to one MFU portal.
Multiple transactions across participating mutual funds can be executed through one form which makes it convenient to use. Additionally you just need to make one single payment for investing across multiple schemes if done at a time. This facility is not available in any other channel.

MFU still services 27 out of 45 Mutual Funds. So you cannot use MFU if you want to do transactions outside of these 27 AMCs.
The user interface is NOT great and there is scope of improvement.
There has been NEWS at times about selling the MFU Portal (which has been denied by concerned authorities). But in case the MFU platform is sold-off, it might not offer DIRECT schemes or may offer for a fee!

Through Demat Account (Zerodha COIN)
As of today only Zerodha offers DIRECT mutual fund plans through its COIN platform. The service costs Rs 50 per month. The COIN platform is based on the BSE STAR Mutual fund and you can transact across all mutual funds.
You can have consolidated view of all your investment at one place.
You just need to remember one login and you can invest across mutual funds, stocks, bonds, etc.

The Zerodha COIN comes with a monthly fee of Rs 50.
In case you do not trade in stocks, opening a demat account just to transact in Mutual Fund is not a good idea as demat account has annual charges.

Word of Caution: You can invest in mutual funds from almost all demat accounts. However please remember they DO NOT have the option of DIRECT plans and offer you REGULAR plans. As of today only Zerodha COIN offers direct. Hopefully some more demat account providers would join!

Robo-Advisory APPS & Websites:
In last 1 to 2 years there have been a lot of new age websites and apps who offer direct plans for mutual funds. These sites and apps also provide advisory service for a fee. At the last count we could find around 13 such sites. Some of them have MFU at their back-end while others are directly integrated to the Mutual Fund AMC. We list them for you and you can explore them.
1.    Bharosa Club
2.    Clearfunds
3.    Expowealth
4.    Invezta
5.    Kuvera
6.    Moneyfront
7.    ORO Wealth
8.    Piggy
9.    Savvy
10.  Unovest
12.  WealthTrust
14.  Groww
16.  PayTm Money

The interface and user experience is top notch across most of these websites/Apps.
They can be helpful if you need advisory for fund selection. Please note most of these sites provide Robo-advisory which means the suggestions don’t come from an expert but from algorithms guided by experts. In case of expert advisory, it may cost more.

You need to understand their fee structure. Some offer paid advice but free investment, while others offer free service up to a limit. You need to explore each of sites to know more about them.
I am sure I would have missed some of these portals/apps. Please help us keep this list updated. We plan to do a separate post comparing cost and service across above portals.
How to Choose the Right Platform?
You should keep the following in mind while choosing the right investment platform for you.
How many Schemes you invest in? In case your investment is concentrated through few mutual fund AMCs, you can manage through their portal or RTAs itself.
Do you need help to select schemes? If the answer is yes you can opt for the new-age robo-advisory web portals and apps. But you might have a hard time scanning through so many portals and finalizing one!
Fees: I personally prefer free platforms for investment. But if you think you are OK to pay fee for the services offered, pay a fee which is flat (monthly/annually) irrespective of investment amount. This is because as your corpus grows the flat fee would work much better as compared to percentage of amount invested or corpus.

What is NOT Direct Investment?
Here are some common channels of investing in Mutual Funds which are not considered as ‘Direct’ investment

Demat Account – Though you get the advantage of all investment through a single portal and consolidated portfolio view but investment through Demat account is not considered as direct investment. As explained above as of today only Zerodha COIN offer ‘Direct’ Investment option.

Brokers/ Distributors/ Financial Planners – if you invest through your broker/ distributor or planner, the investment would not be considered direct.

Banks – Many people have the miss-conception that banks with similar names to Mutual fund AMCs are same entities. For example if you invest in HDFC Mutual Fund through HDFC Bank, it is not a direct

Investment. Here HDFC Bank is acting as broker to HDFC Mutual Fund and would get its commission.

Websites – I know of three websites which offer online investment in mutual funds. These are
The investment through them is not direct as they are brokers to the mutual funds.
To Conclude:
As you can see there are multiple ways to invest Direct in Mutual Funds. Personally I prefer investing through AMCs Website and their RTAs. I have not tried any of the new-age robo-advisory platforms but some people who use them are quite happy with them. So go ahead and make your Direct investment in Mutual Fund Schemes and get that extra return!