Back in 2012, I interviewed the late Parag Parikh when he was about to launch PPFAS Mutual Fund. Besides his contrarian investing style, the one thing that stood out about him was his refreshingly candid take on things. This was when mutual funds were witnessing outflows for years and assets under management stood at a little over Rs 5 lakh crore - largely debt-oriented. When I asked him how he planned to garner investments at a time when mutual funds weren't in favour, he said: "By being on the side of the investor". He then pointed to a note he had gotten stamped on the physical prospectus of the AMC's inaugural equity fund that said: "Please do not invest in this fund if you can't remain invested for at least five years". I can't draw a straight line from the note to PPFAS' outperformance over the past decade, and the swelling of its assets. But surely, sobering investors' expectations when the temptation is to oversell helps attract...
OnePlus Open made its debut today as the first foldable phone from the Chinese smartphone maker. The handset features the same specifications as the Oppo Find N3 that was launched in global markets earlier today. The company confirmed that the handset will be equipped with Sony's newest LYTIA-T808 camera sensor. The handset is also confirmed to feature a waterdrop-style hinge. Other details of the handset that were previously leaked, matched the specifications of the Oppo Find N3.
from NDTV News- Special https://ift.tt/HkT9OyX
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