Marai

@ActusDei Personal finance

I just came back from moderating the PPFAS Annual Unit Holders' Meet. My 4th time doing it and my 5th yr of being an investor. When I asked the assembled audience, how many had been invested for 5 years, almost every hand went up. It was quite amazing to watch - patient long term retail investing at work! Now, some key announcements. 1) PPFAS Large Cap Fund Idea is to create an entirely new category, think of it as 'passive plus.' They will replicate the Nifty 100 but do some things to enhance returns. Like buying futures when futures are trading at a discount or taking advantage of a special situation (eg: a corporate merger/swap) or buying stocks before an index rebalance. ETFs and Index Funds forcibly buy on the date of rebalance, essentially providing an arbitrage opportunity to those who do it first. Idea is to launch it at an expense ratio of a passive fund (0.1-0.3%). My thoughts: PPFAS sees it as an add-on for those who do Flexicap + Passive. The idea is indeed innovative and possibly can disrupt the passive space. If it works. That is the key question. We must let them build track record and prove that it works. Till then, I'm quite happy to stick to the Flexicap. 2) GIFT City: Nothing in a hurry. The PMS is live, the 2 outbound passive funds have received approvals. The inbound feeder and esp the outbound active will take a lot more time. They'll do a separate webinar on GIFT. 3) Questions about size: Market has also grown. Large caps now start at 1 lakh crore mcap. Even small caps start at 10k cr mcap. So AUM of 1 lakh crore on flexicap is not a big challenge. 4) IPO: Neil Parikh said they're planning for a 2030 listing. Rajeev added that regulations may not allow a unitholder quota in the IPO. 5) Final thoughts: There is something incredible about this event. A pilgrimage for many - India's Berkshire Hathaway and it is a privilege to moderate it year after year. I've stayed put as an investor for 5 years and reaped the rewards of it. I'll do a separate post on Rajeev's comments on valuations, cash holding and going overboard on equities. For more in-depth discussions on PPFAS and other mutual funds, please join our personal finance community. Reply personal finance and I'll send you the link.

A 400-gram pigeon produces around 11 kilograms of droppings in its lifetime. These droppings dry up, turn into dust, and mix with the air. When we breathe that air, the dust can reach our lungs and cause infections like pneumonia, bronchitis, and asthma. In Singapore, feeding pigeons can cost you a $500 fine. Their droppings are also acidic, which means they can damage cars, air conditioner units, buildings, and monuments. But when the pigeon feeding centers (kabootarkhanas) in Dadar, Mumbai were shut down, some people still came out to protest and now Peta is doing such stupid campaigns.

@shyamsek @Miles2Wealth @shyamsek I'm not part of M2W but follow your views on many platforms and invested.. thank you sir..

எந்த platform உம் உங்கள் கண்முன் காட்டாத mutual fund திட்டம் தான் பெரும் வெற்றியை தரும். இப்போது அந்த வகையில் silver ETF. இதில் முதலீடு செய்ய @Miles2Wealth இன் முதலீட்டாளர்களுக்கு தொடர்ந்து அறிவுறுத்தி வந்தும் இதில் போதுமான அளவிற்கு முதலீடு செய்தவர்கள் குறைவான எண்ணிக்கையில் தான் உள்ளனர். பரிந்துரை வரும் போது சமூக ஊடக உலகத்திலும் , youtube இலும் என்ன சொல்கிறார்கள் என்று பார்த்து பலர் இதில் அதிக நாட்டம் செலுத்தாமல் விட்டுவிட்டனர். ஆனால் வாங்கியவர்கள் அடைந்த பலன் - சந்தை இறங்கும் ஆண்டில் positive returns - அதுவும் மிக கணிசமான அளவில். இது அவர்களுக்கு மேலு‌ம் நம்பிக்கை தரும். நிறைய முதலீடு செய்ய ஊக்குவிக்கும். அவர்களின் முதலீட்டு வளர்ச்சியை வேகப்படுத்த கூடும். அதுவே என் நம்பிக்கை. நீங்கள் M2W இல் அடைந்த அனுபவத்தை இங்கு பகிர்ந்து கொண்டால் அது பிறருக்கும் உதவும். எல்லோருக்கும் ஆன முதலீட்டு கலாச்சாரத்தை எல்லோரும் சேர்ந்து வளர்ப்பது தான் சரி.

@shyamsek @Miles2Wealth How to join @Miles2Wealth sir.. I'm not a big invester.

Public Service Journalism: 👏🏻🙏🏻 Congratulating @businessline for identifying and amplifying Top 10 online scam traps. Read carefully if you do online transactions. #internationalliteracyday

Media giant #Comcast India engineering Ltd to expand its #Chennai Office space by 22,500 Sqft and employee 900 more employees - Engineering centre is present in #ChennaiOne SEZ in #Chennai - With this it occupies 7.5 lakh Sq.ft Office space in Chennai One SEZ

சூப்பர் செய்தி! 🎉 அண்ணா நூற்றாண்டு நூலகத்தின் குழந்தைகள் பிரிவில் கோடை கொண்டாட்டம் களைகட்டுது! 🤩 இன்னைக்கு நடந்த கிரிகாமி காகித கலை நிகழ்ச்சி மழலைகளின் திறமையை வெளிக்கொண்டு வந்துச்சு! குட்டி கைகள்ல காகிதம் ஓவியமா மாறுனது பார்க்கவே அவ்வளவு அழகா இருந்துச்சு!😍#கோடை_கொண்டாட்டம்

Great piece by Charlie Munger The Art of Soft Picking

#RTI #NHAI #ParanurToll பரனூர் சுங்கச்சாவடி - ஆர்.டி.ஐ மூலம் வெளிவந்த அதிர்ச்சி தகவல் 20 ஆண்டுகள் நெருங்கும் வசூல் 57.6% வசூல் ரூ 596 கோடி வசூல் இன்னும் 440 கோடி பாக்கியுள்ளது youtu.be/h3voHxYJ7bU?fe…

@dayatiger197312 You took great efforts sir.. cannot thank enough on your intiatives.

@Udhaystalin #கழிவுநீரால் நிரம்பி வழியும் ஏரிகளின் வெள்ள பாதிப்பை தவிர்க்க #சிட்லபாக்கம்_ஏரியில் செயல்படுத்தப்பட்ட #4D-Deflect, Drain, Desilt, Deepen வழிமுறையில் மீட்டெடுத்தால் மட்டுமே அதிக மழை நீரை ஏரிகளில் சேமிக்க முடியும் பெரும் வெள்ளத்தையும் தவிர்க்க முடியும். @Chitla_Rising

One of my friend purchased a property in 2015. Cost of property incl Stamp Duty & Regn = 1 Cr Today Property Price is 1.7 to 1.8 Cr (9 - 10 years old second hand property now, if sold) Before Budget: Tax to be paid = 20% of (1.8 Cr - 1.5 Cr) (Indexed value) = 6 Lakh After Budget: Tax to be paid = 12.5% of (1.8 Cr - 1 Cr) = 10 Lakh So Tax is 4 Lakh more. Furniture Cost is not added here. Already Property was a Bad Investment. Now, it becomes Worse. Hopefully, more Investments move towards Equity Now. But our dear FM madam has made sure that Investors will get milked through Income Tax, Brokerage, GST, STT, STCG & LTCG 😃 Now Interesting Times Ahead for Common Tax Payer of our Country !!! Where do you think money will flow now??? #FI

This illustration was shared by @raikarraviraj. See how much more taxes you'll pay now on sale of property because indexation has been removed.

Mis-selling too rampant - No longer an aberration ‼️ Clear message published in @TOINoida Good to read that early detection of such frauds is possible - Thanks to rise in AI & ML, shared by @pen5ta Be vigilant, protect your capital since there is no punitive penalty for consequential losses! Best wishes! #Budget2024 #UnionBudget #IncomeTax #ITExemptions #SayNoToMisSelling #HealthFIPassion

If you're getting a blue screen issue on your windows 10 machines stuck on a restart loop, don't worry. You're not alone. Worldwide issue apparently due to some CrowdStrike update.

Want a car & mobile at a discount? Ask your company if they have a 'flexible benefits plan'. Company buys phone/leases car, claims GST credit & you use it for work. After few yrs, co sells it to you. Exempt from income tax. Superb story by @Shiprasorout livemint.com/money/personal…

Our 9 year old son Prakrit earns certain things which he loves. And how? We have created a star chart. There are places where he contributes, home chores, and things he does to empower himself. - When Prakrit does a certain contribution at home or takes care of himself, he puts a star against it. - The stars are given by Prakrit himself. We don't rate him. This teaches him to be responsible and get better everyday. Also, he gives a star only when he does something on his own, not when we tell him to. - The stars get accumulated over time and he can redeem his stars with certain rewards like Pizza, Outings, Games etc. - Once he uses the stars, he will have to remove them and earn them again. Yes, he loses 99 stars everytime he redeems for his favourite games. Or 15 stars when he feels like eating his favourite pizza. Or 30 stars for a new board game. - He learns that it takes time to earn something in life, and hence values it enormously - Patience, Long Term Thinking and Value for time and money is a by product of this activity - Sometimes, if he is bored, he doesn't earn stars, which is ok. Until he is self motivated to earn something again 😀 Sharing this with all parents so that you can implement this with your children with your own chart. Hope this inspires you all, as always 🔥 Share with your friends if this is useful. Enjoy your parenting journey. #FI

@TANGEDCO_Offcl @ISechns @Tangedco_SE_Cpt Power cut in Rajakilpakkam, Yogeshwari Nagar. NO POWER. MORE THAN 3 HOURS. HELP #TNEB @TThenarasu @news7tamil

@TANGEDCO_Offcl Power cut for more than two hours. No hope when it will be restored. Area - Rajakilpakkam, Yogeshwari Nagar. pin code 600073 @karthickselvaa @sunnewstamil @News18TamilNadu #tneb @TThenarasu #tangedco #Tambaram #chennai