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SIPs Are Like Marilyn Monroe: "If You Can't Handle Them At Their Worst...''

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...

Fact Check: Painting Behind Sonia Gandhi, Rahul Not Of Jesus Christ

After Congress leader Rahul Gandhi shared a selfie of him and Sonia Gandhi having voted during the sixth phase of polling for the ongoing 2024 Lok Sabha elections, the photo was widely shared on social media.

The claim

Those sharing the photograph took a dig at Gandhi calling himself a 'janeudhari brahmin', (thread-wearing Brahmin), while claiming that he had a photo of Jesus Christ in his room, but none of Hindu Gods.

  • Among those sharing this is X (formerly Twitter) user 'MrSinha_'.

But...?: The photo does not show Jesus.

  • It is a painting titled 'Madonna Oriflamma' by Russian painter Nicholas Roerich, where the lady in the painting is holding a banner of peace.

How did the Quint find out the truth?: We noticed that the photo in the background showed a person holding a banner with three red dots, surrounded by a red circle.

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  • Using this description ('person holding red circle with three dots painting') as a search term led us to a 2017 blog post with the same image.
  • It identified the image as a 1932 painting titled 'Madonna Oriflamma' by one Nikolai Roerich.
  • It also mentioned that the geometrical art was Roerich's creation, which he called the 'Banner of peace', elaborating on the symbolism of the banner.
  • We looked up the name of the painting and found it on several websites across the internet.
  • One of the results included the painting's WikiArt page, last updated in 2013, which mentioned that the art was on display at the Nicholas Roerich Museum in New York.
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  • The museum's Facebook page also shared the painting's photograph in 2021, discussing its meaning and symbolism.
  • Moreover, Roerich's website also carries a visual of the painting with details about its medium and dimensions, stating that it has been on loan to the museum since 1960.

Reproduced and printed versions of the painting are also easily available for purchase on the internet, as seen here, here, and here.

Conclusion: The painting seen in Rahul and Sonia Gandhi's photo is not one of Jesus Christ.

(This story was originally published by The Quint and republished by NDTV as part of the Shakti Collective.)



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