AN INVESTOR EDUCATION INITIATIVE BY IPRU IInnssiigghhttss Issue 05,2020
Setting sails for an investment journey
Please visit us at www.iciciprumf.com Follow us on: https:/ / www.facebook.com/ iciciprumf https:/ / twitter.com/ iciciprumf Mutual Fund investments are subject to market risks, read all scheme related documents carefully. INDEX
CEO Letter: Setting sails for a journey with debt funds 02
CIO Letter: Don’t stop SIPs! 03
Infograph: Who Doesn’t Love A Good Bargain? 04
Checklist : Investing in uncertain/ Covid times 06
Topic of the month : Achieving Financial Independence 07 Fundaclear: Make the most of your SIP with its features 08
TAX Corner: What is new for you in 09 Form 26AS
Quiz : Are You Ready to Test 11
Storyboard: Don't panic amidst the 12 pandemic, invest more Parenting & Money: How to teach money 13 matters to kids
Crossword 15
Travel: Precautions for domestic travel 16 in current times
Recipe: Banana Cake/Bread with Choco chips 17
Fitness: Meditation for beginners 18
Book Review: Think and Grow Rich 19 by Napolean Hill
Movie Review: AARYA – Impressive 20 Performance By Sushmita Sen
Disclaimer 21 CEO Letter Setting sails for a journey with debt funds
Mr. Nimesh Shah, MD & CEO, ICICI Prudential AMC
Despite the recent developments in debt mutual fund universe, one cannot negate the importance of its presence as an asset class in a portfolio. It only emphasizes the need to assess the risk-reward trade-o in various debt schemes and try to match it to personal goals.
To begin with, the case for investing in debt funds is strong given that it balances a portfolio against riskier asset classes such as equities. This is because debt funds invest in xed-interest generating securi- ties such as corporate bonds, government securities, treasury bills, commercial paper and other money market instruments. The xed interest rate for a pre-determined period of time makes debt fund inves- tors earn a steady interest income and capital appreciation. And, since the interest earned on these instruments is generally better than traditional investment options, it boosts overall returns of the inves- tor.
That said, there are a plethora of schemes under debt funds that an investor can choose from. But ensure that one selects a fund which matches one’s goals and risk appetite. Hence, it pays for an investor to be aware of the key parameters to look for, in debt fund schemes. Risk-Return equation Typically, riskier securities yield higher return. So, it is important to match the debt fund chosen to one’s risk appetite. For instance, gilt funds invest in only government securities . These are very low credit risk since the government seldom defaults. However, credit risk funds as a category invests in weaker rated/ riskier papers. Interest rate is another factor which impacts debt funds’ returns. Typically, when interest rates fall, returns earned on debt funds are higher and vice versa.
Investment horizon Debt schemes invest in securities of varying time horizons. Investors can consider liquid, short term or ultra-short category of debt funds if the investment is only for a short duration. These funds are more liquid in nature as they invest in debt instruments with a short maturity. Hence, the risk associated is also relatively lower.
Diversi cation: Sectoral & Security Level Investors should be mindful of diversi cation both on issuer and sectoral level within a portfolio. Con- centration risk has the potential to jeopardise returns during challenging times. A well-diversi ed port- folio with stable credit spreads has the potential to weather market volatilities which may arise.
To conclude, debt funds are e ective investment vehicles to minimise risk in asset allocation, stabilise overall returns and provide liquidity.
02 IPRU Insights CIO Letter
Don’t stop SIPs!
Mr. S. Naren, ED & CIO, ICICI Prudential AMC
The monthly SIP in ows have not been impacted much inspite of severe market corrections and- subsequent market volatility amidst the Covid-19 uncertainty. While the in ows in the equity funds dipped signi cantly during June 2020, the SIP in ows dipped 2% to clock Rs. 7,927 crores during the same month. The sustained SIP in ows re ect mature and disciplined investing behavior by the retail investors. However, the trend for SIPs getting discontinued increasing is not a healthy sign. The ratio of SIPs discontinued to the fresh SIPs registered was around 58% during the year 2019-20. However, this ratio has risen to 72% during April 2020 and had further risen to 81% in May 2020 (Source: Association of Mutual Funds in India - AMFI). There might be two signi cant reasons for the number of SIPs discontinuing being higher than earlier – continued market volatility and disruptions in the regular cash ows for the investors.
SIPs were conceived to eliminate the timing risk from the investments. This is because the investments continue to happen irrespective of whether markets are going up or down. When are markets are falling, the investors gain by getting more units per SIP installment, helping them to bene t from relatively reasonable valuations. It also helps them to average their cost of investments and gain once the markets recover and rise further. If the investors are leaving their investment journey mid-way due to the Covid-19 uncertainty, it is indeed a failure of SIPs as an investing strategy itself. -
While it is natural for the investors to stay cautious, staying on the sidelines of the equity markets may derail the overall investment journey towards the achievement of nancial goals. SIPs allow the investors to consistently accumulate regular amounts in the mutual fund schemes of their choice. Such investments not only get accumulated but also grow over time. Further, the equities may be volatile over the short-term but have been great wealth creators over the long term. Just like an ECG graph re ects the health of the human heart, such short-term market movements re ect that the equity markets are indeed healthy. Investors must realize that such short-term volatility is inherent to the equity markets. As such, one may not be able to eliminate it in entirety but can certainly take steps to mitigate such risks from the investments. SIP investing is indeed one of such steps. - When the markets are falling lower, the fear of losing in further market corrections may stop the- investors from investing more. Similarly, when the markets are rising, one may be inclined to book some pro ts, which may cause them to miss future market rallies. With SIPs, one can also eliminate emotional biases from the investing journey, as such investments into equity markets are automatic.
So, instead of fearing the markets and stopping your SIP investments, it can be your tool to stagger the investments across a period and continue to gain from the long term wealth creation potential of equity markets.
03 IPRU Insights Infograph
WHO DOESN’T LOVE A GOOD BARGAIN? VALUE INVESTING IS JUST LIKE A GOOD BARGAIN FOR YOUR INVESTMENT PORTFOLIO, AND SHOULD BE EXPLORED SALE = PRICE - DISCOUNT = VALUE
DISCOVER LONG TERM BENEFITS OF VALUE INVESTING
BUYING STOCKS OF GOOD COMPANIES FINDING GOOD BUYS IN AT A DISCOUNT TO THEIR TRUE VALUE DIFFICULT MARKET SITUATIONS
Benefits of VALUE INVESTING
Invest for your Disciplined and Portfolio long term goals structured investing diversification
04 IPRU Insights Infograph
BRINGING VALUE INVESTING ALIVE:
KNOW THE FUNDAMENTALS AND FUTURE POTENTIAL Know what feels right For e.g., You’d research about the builder, locality, future development within the area, when buying a house. The same approach holds hood here.
UNDERSTAND THE VALUE Learning the prospect of growth and development
IDENTIFY THE OPPORTUNITY EARLY AND AIM FOR GAINS Be there at the right time at the right opportunity
AIM TO ENHANCE YOUR PORTFOLIO RETURNS THROUGH VALUE INVESTING
1 3
VALUE INVESTING COMPLEMENT AIMS TO MAKE THE YOUR OVERALL 2 MOST OF UNCERTAIN INVESTMENT MARKET STRATEGY CONDITIONS MUTUAL FUNDS HAVE SCHEMES THAT ARE STRUCTURED TO FOLLOW THE VALUE INVESTING PHILOSOPHY
05 IPRU Insights Checklist Investing in uncertain/ Covid times
As the times continue to stay uncertain, it is important that the investors continue to stay glued to the fundamental investment principles. Here are three quick rules to be revisited for investing during these uncertain Covid times.
Remember equity is not the only investment option
Not a single asset class is conssistently performing in the markets.
The investment portfolio should be diversified across asset classes.
One can choose debt mutual funds to add stability to the portfolio.
Asset Allocation is key to investing in equities
One must implement dynamic asset allocation when it comes to investing in equities.
Such strategy helps to invest more when the valuations are low and book profits when the valuations are higher.
One can also consider investing into asset allocation funds.
Avoid Recency Bias
Recency bias refers to getting influenced with the recent per- formance.
One must not be biased to discontinue/ pause SIPs based on the recent underperformance of investment portfolio.
Instead, one must stay focused on the long term financial goals.
06 IPRU Insights Topic of the month AchievingGoal Financialplanning and Independenceits importance
Achieving financial independence at an early stage is often the most common aspiration amongst the investors of today. Here are the key investing principles to achieve financial independence:
Start Early Invest Consistently Allows more time for investments to grow and Small drops of water make an ocean. Regular enables investors to reap the bene ts of investments allow investors to accumulate healthy compounding. With extended investment horizons, corpus over time. It also adds a sense of discipline one can take aggressive investment decisions and into nancial plans. gain from potential of higher returns.
Step-up periodically Dynamic Asset Allocation Investors may avail to top-up their SIPs to step up It is important to stay diversi ed. Di erent asset their investments periodically. This allows investors classes seldom perform in sync. Optimal asset to be realistic with investment plans, as savings allocation across di erent time periods allows increase with an increase in incomes. investors to aim for upside potential and mitigate the downside risk.
A disciplined approach to investing, coupled with a sincere effort to ignite the F.I.R.E. (Financial Independence, Retire Early) within.
07 IPRU Insights Fundaclear Make the most of your SIP with its features A Systematic Investment Plan (SIP) may not only help you make regular and consistent investments in mutual funds but may also bring several other bene ts and exibilities along with it. Let us discuss three such options which can be tagged along with a plain-vanilla SIP:
Pause your SIP The lockdown situation and preventive social distancing norms because of the Covid-19 outbreak has significantly impacted several sectors and industries. With reduced demands and pay cuts in several companies, the regular cash flows for several investors may have got impacted. However, instead of discontinuing their investments in entirety due to lower investible surplus now, it is better to consider pausing the investments temporarily. The investors may opt for this facility, wherein the SIP installments are stopped for a specified period, say three months, and will start automatically once such period is over. Thus, such a facility will not only take care of the genuine disruptions in the cash flows currently, but also help the investors to board the investment journey again after the end of the specified period. Such resumption of SIP investments is automatic, and the investors need not make any new registrations for the same.
Top up your SIP When one registers a SIP, the quantum of such investment is based on the available investible surplus at that point. Once the income increases over time, the surplus available for further investments may also increase. This is when investors can use such a facility. It refers to the option available to the investors, wherein they can increase the monthly SIP investments by a specified percentage or amount after fixed intervals. For example, a top-up may be registered to increase SIP installments by 5% every 12 months. With such registration, an Rs. 10,000 SIP investment will be modified to Rs. 10,500 after the first year, Rs. 11,030 after the second year, Rs. 11,580 after the third year, and so on. This not only helps the investors to take care of the increase in the investible surplus but also allows them to upgrade their financial aspirations in a disciplined manner.
Insure as your Invest Besides building financial plans with SIP investing, it can also help the investors to take care of the contingencies of life. It is a facility provided by mutual funds, wherein the inves- tors are provided with an insurance cover proportional to monthly SIP investments, sub- ject to the ceiling limit. The cost of such an insurance cover is borne by the mutual fund house, and the investors can avail of this benefit without any additional cost. Such insurance cover tends to stay in place till the investors continue their SIP investments, and as such, it also acts as an implicit motivation for the investors to continue with their SIP investing plans.
Most AMCs in the industry offer these SIP features to their investors. As such, the investors. As such, the investors can avail of the above facilities and add a flavor to their plain-vanilla investment plans.
08 IPRU Insights Tax Corner
What is new for you in Form 26AS
Tax Expert & Chief Editor Mr.Balwant Jain
Hitherto Form 26AS was synonymous with a treasure house of information on taxes paid in addition to the tax refunds granted. The government has now expanded the scope of information available in Form 26AS vide noti cation issued on 28th May, including details of your speci ed nancial transactions also. Since you all know what tax details were available till now, this article aims to restrict the discussion to cover only the additional details.
How the data will come in possession of the income tax department
Speci ed entities like Companies, banks, mutual funds, etc. are under an obligation to furnish details of transactions made beyond speci ed limits during the year. One is required to quote either PAN or Aadhaar Number for certain transactions if such transactions exceed certain threshold limits.
Details of your financial transactions which will not be available in your 26AS
While the new Form 26AS does not explicitly enumerate such transactions, it is believed that all the speci ed nancial transactions required to be reported to the Income Tax Department will be made available under Form 26AS. Some of the speci ed nancial transactions are as below:
1. Mutual fund investments, if the value of all fresh purchase transactions with a mutual fund, whether in lumpsum or through SIP, exceeds Rs. ten lakhs during a year. However, switch transactions from one scheme to another are not considered for reporting and hence, will not re ect in Form 26AS.
2. Purchase of shares, bonds, and debentures if such purchase exceeds Rupees 10 lakhs for each company under each category of transactions during the year.
3. Buyback of shares amounting more than rupees 10 lakh rupees
4. Cash deposits or withdrawals exceeding Rs. 10 lakhs from saving bank accounts (Rs. 50 lakh for current accounts) with the same bank or post o ce during the year
5. Bank draft/pay order made in cash for an amount exceeding Rs. 10 lakhs.
09 IPRU Insights Tax Corner
6. Fixed Deposits of more than ten lakh rupees during the year with any of post o ce or a bank or an NBFC or any Nidhi Company
7. Credit card payments for more than Rupees ten lakhs in aggregate for one or more credit cards issued by the same bank. Further, cash payments towards credit card dues of more than Rs. 1 lakh are also reported.
8. Purchase of foreign currency or payment in foreign currency from debit or credit card above the threshold limit of ten lakh rupees.
9. Real estate sale/purchase transactions exceeding Rs. 30 lakhs.
Purpose of making these details available in your 26AS
The tax department has always had such details, and the taxpayers were asked to explain the discrepancy between transactions as per their records and those available with the tax o cer in case your case was selected for detailed scrutiny. By making such details available, the tax department wants to encourage voluntary tax compliance.
What is vital for you to know
The transactions will be reported by certain entities and institutions like banks, mutual funds, etc. as per the applicable reporting requirements. For the transactions in joint accounts, except in the case of real estate transactions, the transactions will be reported in the name of each of the joint holder and not only for the rst holder. E ectively the same transactions may get reported multiple times without any breakup as to whether the transactions have been reported as the rst holder or as a joint holder. So in case, the value of transactions re ecting in form 26AS seems higher, try getting the details of similar transactions where you are a second holder.
In case your income tax matter is selected for detailed scrutiny, this will pose a severe problem as the assessing o cer may insist on proper reconciliation. So, it is better to reconcile the numbers if possible, when the transactions are still fresh in mind and memory.
When will the new 26AS be available for the year ended 31st March 2020?
The regular due date for ling of the Statement of Financial Transactions (SFT) by various entities is 31st May. Thereafter, the income tax department makes the form 26AS available by 30th June every year. However, due to Covid-19 situation, the due date for furnishing of SFT for the year ended 31st March 2020 was extended till 31st March 2021. As such, it is unlikely that complete Form 26AS may be available at the time of ling your ITR for which the extended due date is 30th November 2020. However, it is advised to verify such details as and when it is made available and compare it with your records and revise the ITR, if required.
10 IPRU Insights Tax Corner
Changes Proposed but not yet implemented
Govt. has taken a step towards faceless assessment, and in the process, it has also proposed to expand the transactions required to be reported. Such transactions may include various payments like donations, education fee, electricity payments, purchase of jewelry/ white good/ painting, etc. above Rs. 1 lakhs, payment of insurance premium over certain limits, balances and deposits in a bank account over certain limits, payment of property tax over Rs. 25,000, payment to hotels over Rs. 20,000, travel by business class, foreign travel, etc. The transactions will be reported irrespective of whether the payment has been made by cash, cheque or credit card.
The writer is a tax and investment consultant and can be reached on [email protected]
Quiz
Are You Ready to Test Yourself ?
Q1. Credit ratings for a Company Q2. The lock-in period for SIP Q3. Floating rate bonds do not located within a specific investments in ELSS funds carry any credit risk. country cannot be higher than starts from the date of SIP the credit ratings of that registration. A. True country. B. False A. True A. True B. False B. False Q6. Interest rate risk in a debt fund is directly proportional to its Q4. The Reserve Bank of India (RBI) Q5. Topping up your SIP allows the duration. has recently launched a series investors to increase monthly of Floating Rate Bonds, SIP investments by specified A. True benchmarked against the percentage or amount. B. False interest rates applicable for ______. A. True Q7. No exit load is levied on A. Public Provident Fund (PPF) B. False overnight funds B. Kisan Vikas Patras (KVP) C. National Savings Certificate (NSC) A. True D. 10-year G-Sec yield Q9. TDS on dividend is not deducted B. False if the amount of dividend does not exceed Rs. _____ in a Q8. AMFI updates the financial year. Q10. Short Term Capital Gains on categorization of companies equity funds are taxed at 15%. into large-cap, mid-cap, and A. Rs. 2,500 small-cap on an annual basis. B. Rs. 5,000 A. True C. Rs. 10,000 B. False A. True D. Rs. 50,000
B. False Answers: Q1:B, Q2:B, Q3:B, Q4:C, Q5:A, Q6:A, Q7:A, Q8:B, Q9:B, Q10:A Q10:A Q9:B, Q8:B, Q7:A, Q6:A, Q5:A, Q4:C, Q3:B, Q2:B, Q1:B, Answers:
11 IPRU Insights Storyboard Don't panic amidst the pandemic, invest more
Don't ask, yaar! So lately because of the Just super busy whole Covid situation, with clients, you I have been a little tense Hey, tell me All good too... about my finances. I don't you finally but listen, I need know what to do. picked up! your advice. Okay, what can I help you with?
You have nothing to worry about. You are good with financial management. You have managed your family's finance all along.
Yes, but not as good as you. I'm just a housewife, you're the professional financial advisor. That's it. What else? Yeah, I have And ? invested in cash and gold.
Ah, now I see why are you so tensed about your finances. You can't just put There's no greater all your money in two financial manager than assets. a home maker. I am sure you have been You should invest your investing all these savings in equities and years. debts too.
How ? See, equities can give you high returns over a long I know you period of time, but you're right they can be risky too. haven't So to manage that, you also balance your portfolio with debts. Now debts aren't that great with returns Oh no! That done it so but they are much better than money lying idle in sounds too risky. far but thats how you your bank. Gold is great for hedging purposes. It can will help you out at times when there is a huge maximize turmoil in international markets. Like right now, gold profits. is soaring high and so you would make profits by selling your gold now. For times like these, you would also need some cash because that's what runs your daily as well as desperate emergency chores. So you have to put your eggs separately.
Ah! Well, luckily I have bought a lot of gold at least. You know about my gold love! God, we talk so So like mutual much but never funds? But I don't discussed something know too much this important. about them! That's why you have me Well then let's But physical gold is never a great you personal start now! idea. You have storage issues. financial Haha, glad you Plus if you ever wanna liquidate advisor. picked up it, you will have to carry the gold along, find a buyer, all very risky! If you want to put your money in precious metals, go for ETFs.
12 IPRU Insights Parenting & Money
How to teach money matters to kids
Author: Lisa Pallavi Barbora
Money lessons started young, shouldn’t be taboo
Despite all the digitisation and availability of information, even now, in many Indian households, it is taboo to talk openly about money. This misguided practice was tested to the hilt a few years ago when the Government demonetised currency overnight and spouses living in the same house surprised each other with the amount of cash they had ‘kept safely’ for a rainy day.
Unfortunately, this lack of communication around money matters tends to translate to poor financial decision making by the younger generation in a family. Children witness this awkwardness around what can be called one of the primary resources contributing to our lives – i.e. money, and imbibe it in their own money relationship as they become adults.
Hopefully young parents today are learning from mistakes made in the previous decades. Not only that, with the help of many useful resources, parents can find innovative, productive and fun ways of engaging with children about money from an early age. In doing so, they will be able to build a healthy understanding of the value that money holds in our lives and also a culture of vetting money decisions before making them.
But, where should you begin? Is there merit in telling your children how much you earn or how much the house is worth or perhaps should you jump into the concept of investing and growing money? Not so soon. Children first need to grasp that money holds value and secondly that decisions about how to earn, save or spend money ultimately have an impact on the outcome they desire.
Money is a finite resource
‘Money doesn’t grow on trees.’ This is a phrase I can relate to from my childhood, growing up in a typical middle-class household. With the opening up of our economy in the 90s, there was a sea change in what became available for basic consumption at affordable prices. Fast forward three decades, indulging your child’s desires is a lot less expensive.
A toy car broke, replace. The doll’s hair is spoilt, replace. Cricket balls lost, replace many times. It is not unreasonable to say that children have taken their ‘stuff’ for granted. This shows a different kind of communication gap; parents’ inability to refuse their child any material comfort they might desire. Truth is, even today, parents work hard to provide a comfortable living to their children. It’s unfair to have this obligation to buying the most unaffordable indulgences, thanks to communication ineptitude of the most basic fact, money is nite.
The content of this page does not form part of Investor awareness initiative. 13 IPRU Insights Parenting & Money How to teach money Author: Lisa Pallavi Barbora matters to kids
If you look around, there are many examples of people having suffered due to taking money for granted. A few years ago, news of celebrated tennis champion Boris Becker auctioning his trophies to pay off debt, sent shock waves globally. More recently, 12-time Olympic medallist, swimmer, Ryan Lochte went form earning millions to having very little to survive on owing to reckless spending.
Narrating these stories in a casual way can help children to think about the notion that we don’t have an endless pot of money, being magically refilled.
Also, try to introduce the transactional value of money early in life. Let them make some purchases on their own, small things to begin with. This can start under your supervision when children are 5-6 years old. Nudge them to buy a candy or pay at the counter but don’t give them enough change, which will get them to ask for more. This act of asking for more immediately shows that there is a possibility, what they have is not enough. You can fall short.
Don’t shy away from telling them that something they want is too expensive. Nurtured carefully, eventually it can help create a desire to work hard for improving affordability, if that is the goal.
Delayed gratification
Even where affordability is not under question, there is merit in stretching unimportant, large purchases. For example, a Sony Play Station costs nearly Rs 30,000. This may not be a big spend for you, however, for a school going child this is still a lot of money. If you were to simply give it to your child when he/she asks for it, you have created no conscious sense of value that money holds. After all, the only effort required from the child’s side was to ask.
One way to create this understanding of value, is to delay the purchase. Let your child say save up pocket money or money from chores so he or she can make atleast a sizeable contribution to buy it. This activity is likely to stretch across months and in that time the desire to own it will ensure that they respect it more. Another way to do this is perhaps package it as a reward for an achievement which could takes time and effort. However, the pitfall with the second process is that your child may start to link money/monetary gratification with self-worth which has its own drawbacks.
So, try the delayed gratification route as much as possible. In some cases, this delayed action can influence the decision itself and over time you will find your child course correct if the requirement was frivolous, thanks to delayed buying.
These are first steps for young minds to recognise the value of money and then understand that it is finite. Seeing their savings grow to form a bigger pile will give them the satisfaction of having achieved something and if that translates to buying what they want, then that’s a bonus. The most important facet of both the above, is simply more open communication about money.
Communicate with kids about money, why money matters and why decision making around money need not be a taboo.
The content of this page does not form part of Investor awareness initiative. 14 IPRU Insights Crossword
1 2 3 4 5 6 7 8 9
F R E E F L O A T
HORIZONTAL
This refers to the market capitalization of the Company held by the public shareholders.
VERTICAL
1) Glenmark has launched a drug for Covid-19 under the name of ______. 2) Dil Bechara, Sushant Singh Rajput’s last film is going to be publically released on this OTT platform in July 3) This German payment company filed for insolvency in June 2020 after an accounting fraud unearthed a large hole in the financials. 4) This Company recently launched ‘Zig Kinetica’, a brand of running shoes for Men. 5) Twinkle Khanna is popularly known as Mrs. ______Bones, as she wrote a book by the same name and also has a regular column in a leading daily under the same name. 6) Just like .in domain suffix belongs to India, .tv domain suffix belongs to this country. 7) Which soft drinks company has acquired the energy drinks company Rockstar? 8) This company has recently got a patent for Group Selfie, wherein individual photos taken by people being at a distance with each other, are later combined into single photo. 9) This equipment measures the Oxygen saturation levels in the blood.
Take a picture of the solved crossword , and mail it to [email protected] to win a prize! You could also write to find out the correct answer.
The winners of this crossword will receive a copy of an interesting bestseller !
15 IPRU Insights Travel Precautions for domestic travel in current times By Juhi Kapoor
Domestic flights and trains resumed a couple of weeks ago and while many are rather sceptical about trav- elling amid the ongoing Coronavirus outbreak, if one has to travel, it is better if done with the necessary precautions. For emergency reasons or for people returning home, there might be little to no option availa- ble, and hence, in such times, all one can do is try and be safe.
Lakhs of people have already travelled post lockdown as has been revealed by official data, and while the cases are on a rise, it has become all the more important to ensure safety. If we are to advise you, we’d rather ask you not to travel in the first place, however, in cases of emergencies or other necessary need for travel, it is best to ensure that certain points are remembered and rigorously followed.
Now, let’s get you through a few tips/suggestions that you must follow if you are planning to travel amid the pandemic: Ensure you have a few checklist items Before you head out, there are a list of things that must be carried on a rather mandatory basis. The said items include a hand sanitiser (with 60% or more alcohol content), tissues, face mask, and disinfectant wipes. If you may, you can also carry gloves, a PPE suit, and the face shield to stay extra protective. Keep a check on what you touch and Have your travel insured things around you Even the WHO suggests that it is the best to have a While the items that you carry along with you will travel insurance and when traveling, one must men- ensure that basic sanitation is maintained and you tion any major health issues to the insurer. After con- are clean and bacteria free, it is important to also sideration and sufficient reading about the kind of keep a check on everything around you, possibly health insurance you need, it is ideal to have an things you are likely to touch and come in contact insurance that will cover for any changes in the with. Hence, keep everything clean and probably travel plan, hospitalization, medical care, or similar wipe things around you. such instances, including repatriation of the body (in case of death). Ensure social distancing and minimum human contact It is the safest way to keep any kind of bacteria from reaching you and you must follow the stipulated 6 feet distance while also ensuring that you make most use of technology, avoid eating/drinking outside, among other things. It is best to do things on your own and minimise any process that includes a chain of contact. Keep your hands away from the face This might sound like adults are being spoon fed but one cannot emphasise on this just about enough. Even though you have masks and sanitisers to keep you protected, the constant habit to fidget might lead to people touching their face often. Hence, it is advisable to avoid touching the eyes, nose, or mouth frequently. Check the post travel quarantine rules for your state The rules for quarantine keep changing every now and then and hence, it is important to keep up with them in order to ensure that you aren’t breaking any. While some states decided to quarantine travellers only with symptoms, some have made home quarantine as a mandate, and hence, you need to check on it post/while you travel.
The content of this page does not form part of Investor awareness initiative. 16 IPRU Insights Recipe
Banana Cake/Bread Preparation time – 10 mins Cooking time – 40 mins Total Time – 50 mins with Choco chips Makes 1 loaf By Darshini Bhuta
Banana bread or cake is a type of bread made using mashed bananas. Banana bread is a sweet moist cake-like bread. It is easy to make and you can use bananas at your home which have become too ripe to eat for this recipe. With added flavor of chocolate chips, this recipe is a hit with children. Also you can use butter instead of oil for added flavor. So, go ahead and make this easy recipe and enjoy having it with piping hot tea.
Ingredients:
• 3 ripe bananas • ¾ cup sugar • 1 ½ cup all purpose flour / maida • ¾ cup oil or butter Also sieve maida, baking powder, baking • 2 tsp vanilla extract soda, cinnamon powder and salt • 1 tsp baking powder Blend and combine all the dry ingredients • 1 tsp baking soda with the banana puree • ½ tsp cinnamon powder/dalchini powder • Pinch of salt Add the chocolate chips and fold gently • ½ cup choco chips Transfer the cake batter into the cake mould or bread mould
Method: Pat the tray twice to remove the air incorporated into the batter Firstly, take the ripe bananas and cut them into pieces Place the tray into preheated oven. Bake the cake at 180 degree celsius or 356 degree Then add sugar and mash the banana and fahrenheit for 40 minutes sugar in a blender to make into a puree Further, allow the cake to cool completely Then add oil and vanilla extract to the banana puree Later cut to slices and serve
The content of this page does not form part of Investor awareness initiative. 17 IPRU Insights Fitness Meditation for beginners By Juhi Kapoor
Meditation can quickly become a way of life if followed in a disciplined manner. It is said to have an impact on all walks of life, personal, professional, and mental of course. The kind of peace that meditating can bring about is something that we can all use, especially given the fact that we are all staying at home right now. If incorporated into our daily lives now, we can probably begin to do it as a routine for even later.
While there are no rules that have been laid down in order to follow the practice, there sure are tips that help you in the process, especially if you are a beginning who is just starting out. Read up on the following tips and gradually, implement all of them through a course of time.
So, let’s get started! Befriend yourself by knowing yourself A lot of meditation is about (re)discovering Start off with sitting for 2 minutes yourself and hence, you need to understand the Yes, it is super easy and we can all do it. The idea way your mind functions and perceives things. here is to start small and then eventually, work While you’re at it, think of your mind as a friend your way out into doing it for at least 15-20 and welcome everything that comes along, minutes every day. You can keep increasing the keeping any kind of negative thoughts at bay. time by a couple of minutes every week and you’ll see how it grows on you. Take help from guided meditation videos/audios Make it a ritual to start your day with For starters, it is the best thing to have someone If you do it for a day or a week and then stop later, guide you through while you are at it. While there is absolutely no point in doing it. Set an certain tips do come in handy, a guide to help you alarm or reminders and make it a habit to do it first while you are at it is always a tad bit helpful and thing in the morning. That way, it keeps you calm makes the entire process easy. and composed throughout the day and you can begin the day on a productive note Be happy when you’re done Keep a check on your breaths Chances are that you will already feel overwhelmed once you are done with your Once you are seated and all set to start, begin mediation, but try to finish it with a smile. You counting your breaths at alternate counts as you have so many reasons to be happy about, for breathe in and breathe out. This will help you stay example, you focused on your mind and made an focused while ensuring you do it right and in full attempt at committing to something for yourself. concentrations Meditation is all about I, Me, and Myself, and so, this is a moment you must cherish for all the right Stop yourself from wandering, but let reasons. yourself feel things for a while And well, that is about it. You can just get to it Once you are seated and all set to start, begin from tonight, or tomorrow morning, or even right counting your breaths at alternate counts as you about now. You will notice the difference in your breathe in and breathe out. This will help you stay lifestyle and way of living when you discover just focused while ensuring you do it right and in full how much you are at peace with yourself because concentrations that makes everything better!
Happy Meditating!
The content of this page does not form part of Investor awareness initiative. 18 IPRU Insights Book Review
Think and Grow Rich
(Author: Napolean Hill)
by Juhi Kapoor
If you find yourself struggling with how to attract money to yourself (yes, you read that right, you can attract money to yourself), this is the book you have to read on an extremely urgent priority basis.
Napolean Hill wrote this book almost a century ago, to be specific, in 1937. For those who have read “The Secret”, there may be uncanny resemblances between the two books. However, often consid- ered as “The Success Bible”, this is the book that brought the concept of “attracting what you want” originally in the market, and so, “Think and Grow Rich” is the original gospel.
The book is for anyone and everyone capable of conceiving, and thus, believing they can change their lives. As Hill quotes his mentor, Andrew Carnegie, “Whatever Can Conceive and Believe Can Attract”, this book revolves around the power of visualization and belief system in running your finances. Other than Carnegie, Hill observes and notes various other successful people in his book as he makes a case for the power of the subconscious, thought, and purpose. He insists that “Thoughts = Things” and “Purpose of your life guides you = Fulfilling life”.
Napolean Hill is commonly known for his self-help books; however, this particular book on financial management is his most famous work so far. Although it dates back to 1937, the book’s essence still holds relevance as many people struggle with attracting financial health and retaining it. The solution is simple and lays the focus on how you have all that is needed to solve this problem. Perhaps, for this very reason, almost 80 years after the book was first printed, it still has a fan base. What makes it furthermore enriching would be the high revisit value the book has. Some readers even believe it has been the only thing missing from their life, and they revere the book highly for how many times it has come for their rescue.
While the book’s title may lead you into believing that you are in for a lesson on getting rich, but the wealth that Hill touches upon isn’t just limited to monetary richness. He reflects upon how using these very principles you can transform your life into an over-all wealthy story.
Throughout his book, he draws in real like examples from various successful people to support his case. While this book relies heavily on the same concept as The Secret, which is the power of belief, some readers claim this book goes an extra mile and can push you towards working hard for your dreams too.
The language used in the book may sound complex, jargon-loaded, and too fancy if you are more of a light reader. However, for the price, it’s a good buy and you can rely on this excellent read to help you with your goals.
The content of this page does not form part of Investor awareness initiative. 19 IPRU Insights Movie Review AARYA IMPRESSIVE PERFORMANCE BY SUSHMITA SEN
Directed: Ram Madhvani, Sandeep Modi and Vinod Rawat Cast: Sushmita Sen, Sikandar Kher, Namit Das, Chandrachur Singh and Ankur Bhatia
Rating:
Emotions – Crime, Thriller and Drama
Review: Aarya (Sushmita Sen) is the eldest heir of a big pharmaceutical company in Rajasthan. The family’s real business is opium, jointly overseen by her husband Tej (Chandrachur Singh), younger brother Sangram (Ankur Bhatia) and their business partner Jawahar (Namit Das). Aarya and Tej have three children, and despite the latter’s plans to build their lives else- where, have stuck it out with the association so far.
Suspended upside down from gymnastics apparatus in the opening shot, Sushmita Sen as Aarya, perfectly sets the tone By Darshini Bhuta for the nine-episode series. The plot revolves around the three business partners, a stolen drug consignment, a murder and a A series created by Ram Madhvani, woman, Arya torn between her two families -- father, mother, Sandeep Modi and Vinod Rawat, Aarya is an sister and brother on one side, and husband, daughter and two adaptation of the Dutch thriller Penoza and sons on the other side. features Sushmita Sen as the bird on the wire wherein circumstances force her into a The story starts when Aarya’s husband, Tej (Chandrachur tightrope walk. Singh) refuses to expand his medicine business to smuggle heroin. Subsequently he is shot dead and the load of the miss- The series is slow to start and picks up pace ing drug consignment falls on Aarya and her two business part- only after the first two episodes. After that ners. Aarya is forced to assume a position of power after her the series picks up pace and grips you husband dies and has to deal with a drug dealer who demands around its plot. Sushmita Sen portrays the ₹300 crore, a cop who knows too much and the manipulation title role splendidly. From being a watchful that runs in her own family—a family that got rich making and mother to being a mafia queen, she trans- smuggling illegal opioids. Her grizzled father is being investi- forms into each shade of her character gated by the narcotics bureau, her hot-headed brother is in beautifully. She is well supported by Sikan- prison and her three children, who each have their own prob- dar Kher, Namit Das as well as the rest of the lems. cast.
Thus, begins a triangular chase between Aarya, the drug mafia Aarya is a good one time watch series and and the police. In short, a woman loses her husband and inher- makes you wait for its Season 2. its dangerous debt. Guns, gangsters, curses, kidnapping. As each events unfolds, Aarya is forced to choose between the lesser of two evil.
The content of this page does not form part of Investor awareness initiative. 20 IPRU Insights Disclaimer
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21 IPRU Insights