https://t.co/duSkDQsplb
Still losing money, yet Prudential paid ₹3,500 Cr for it
The full FY24-FY26 financial breakdown. Why the loss reversed in FY26. How the deal actually works - ₹3,500 Cr upfront, ₹700 Cr conditional, 60% from Bharti, 15% from 360 ONE.
One day I am going to invite people from @IndiGo6E home for dinner and ask them to wait outside the door till the table is laid and the food is cooked. #Rude. Always #IndigoFirstPassengerLast
Join Express https://t.co/fvQI8t8V6A as Anish Tawakley, Co-CIO Equity at ICICI Prudential Mutual Fund, discusses Trump Tariffs: Impact on the Indian Economy & Markets with Sandeep Singh, Resident Editor, The Indian Express.
Register Now: https://t.co/edMiqKZaOR
𝐇𝐨𝐰 𝐭𝐨 𝐭𝐞𝐚𝐜𝐡 𝐬𝐚𝐯𝐢𝐧𝐠𝐬 𝐡𝐚𝐛𝐢𝐭 𝐟𝐨𝐫 𝐬𝐜𝐡𝐨𝐨𝐥 𝐤𝐢𝐝𝐬?
We are what we repeatedly do
Excellence then, is not an act but a Habit-
𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐢𝐬 𝐚 𝐇𝐚𝐛𝐢𝐭
𝐇𝐚𝐛𝐢𝐭𝐬 𝐛𝐮𝐢𝐥𝐝 𝐑𝐨𝐮𝐭𝐢𝐧𝐞
𝐑𝐨𝐮𝐭𝐢𝐧𝐞 𝐛𝐮𝐢𝐥𝐝𝐬 𝐃𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞
𝐃𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞 𝐛𝐮𝐢𝐥𝐝𝐬 𝐒𝐮𝐜𝐜𝐞𝐬𝐬
Financial literacy affects every area of our life. The sooner 𝐤𝐢𝐝𝐬 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐭𝐡𝐢𝐬, it is better for their #life
This is called 𝐎𝐍𝐄 𝐑𝐔𝐏𝐄𝐄 𝐅𝐎𝐑𝐌𝐔𝐋𝐀
(𝐏𝐥𝐞𝐚𝐬𝐞 𝐫𝐞𝐚𝐝 𝐟𝐮𝐥𝐥𝐲, 𝐬𝐞𝐞 𝐢𝐦𝐚𝐠𝐞, 𝐯𝐢𝐝𝐞𝐨 𝐟𝐨𝐫 𝐛𝐞𝐭𝐭𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 & 𝐑𝐄𝐓𝐖𝐄𝐄𝐓/𝐑𝐄𝐏𝐎𝐒𝐓 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐥𝐚𝐫𝐠𝐞𝐫 𝐚𝐮𝐝𝐢𝐞𝐧𝐜𝐞 )
Parents having Kids in the age group between 6years-12 years can teach this concept. Lets take one full year.
Jan 1st- Save Rs 1
Jan 2nd-Save Rs 2
.
.
Jan 31st- Save Rs 31
Feb 1st- Save Rs 32 ( Not Rs 1- Please note)
Feb 2nd- Save Rs 33 ( Not Rs 2)
.
.
Dec 30th- Save Rs 364
Dec 31st- Save Rs 365
This is called 𝐒𝐧 = 𝐧(𝐧+𝟏)/𝟐
Everyday kids should save the amount for the respective days. For example,
January Month- Rs 464
February Month- Rs 1274
.
.
December Month- Rs 10850
If you do the math, 𝐊𝐢𝐝𝐬 𝐰𝐢𝐥𝐥 𝐬𝐚𝐯𝐞 𝐑𝐬 𝟔𝟔𝟕𝟗𝟓 𝐰𝐡𝐢𝐜𝐡 𝐢𝐬 𝐚𝐫𝐨𝐮𝐧𝐝 𝐑𝐬 𝟓𝟓𝟔𝟔 𝐩𝐞𝐫 𝐦𝐨𝐧𝐭𝐡. Initially in Jan, Feb, March they will #save less but last 3 months amount will be high.
𝐍𝐞𝐱𝐭 𝐬𝐭𝐞𝐩 & 𝐚𝐜𝐭𝐢𝐨𝐧
1) Whatever saved in piggy bank monthly, ask them to deposit in the minor account
2) Kids will understand savings, bank account debit/credit etc
3) Whatever saved, Please do SIP #investing monthly till they reach 21 years
4) 𝐑𝐬𝟓𝟓𝟔𝟔 𝐩𝐞𝐫 𝐦𝐨𝐧𝐭𝐡 𝐟𝐨𝐫 𝐧𝐞𝐱𝐭 𝟏𝟓 𝐲𝐞𝐚𝐫𝐬 @𝟏𝟎% 𝐫𝐞𝐭𝐮𝐫𝐧𝐬 𝐢𝐧 𝐞𝐪𝐮𝐢𝐭𝐲 #𝐦𝐮𝐭𝐮𝐚𝐥𝐟𝐮𝐧𝐝𝐬 𝐨𝐫 #𝐧𝐢𝐟𝐭𝐲𝟓𝟎 𝐰𝐢𝐥𝐥 𝐟𝐞𝐭𝐜𝐡 𝐭𝐡𝐞𝐦 𝐜𝐨𝐫𝐩𝐮𝐬 𝐨𝐟 𝐑𝐬 𝟐𝟑.𝟐𝟔 𝐥𝐚𝐤𝐡𝐬
𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 & 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬:-
1) Kids will understand the importance of savings when they practice everyday.
2) Kids will understand that smaller amount for a longer period of time will fetch big corpus. Learning 𝐏𝐨𝐰𝐞𝐫 𝐨𝐟 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝𝐢𝐧𝐠 & 𝐓𝐢𝐦𝐞 𝐯𝐚𝐥𝐮𝐞 𝐨𝐟 𝐦𝐨𝐧𝐞𝐲
3) Kids will not be impulsive, they will delay gratification in life
4) Most importantly, 𝐖𝐡𝐞𝐧𝐞𝐯𝐞𝐫 𝐤𝐢𝐝𝐬 𝐝𝐨 𝐠𝐨𝐨𝐝 𝐭𝐡𝐢𝐧𝐠𝐬, 𝐢𝐭 𝐰𝐢𝐥𝐥 𝐬𝐩𝐫𝐞𝐚𝐝 𝐰𝐢𝐭𝐡 𝐜𝐨𝐮𝐬𝐢𝐧, 𝐛𝐫𝐨𝐭𝐡𝐞𝐫𝐬, 𝐟𝐫𝐢𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐰𝐞 𝐜𝐚𝐧 𝐜𝐫𝐞𝐚𝐭𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐥𝐢𝐭𝐞𝐫𝐚𝐜𝐲 𝐚𝐭 𝐲𝐨𝐮𝐧𝐠 𝐚𝐠𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐨𝐜𝐢𝐞𝐭𝐲
5) Also, it will have good bondage between kids and parents and one way of spending time with them.
𝐒𝐤𝐢𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐚𝐦𝐞
My both kids follow this formula, have accounts, having SIP in their name through our company.
𝐃𝐨𝐧'𝐭𝐬 ❌❌❌
Parents are not supposed to do. Parents only to support & guide. Otherwise purpose of this #savings exercise would get defeated & they may not learn
𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐜𝐨𝐧𝐜𝐞𝐩𝐭 :
1) Have done this 𝐍𝐚𝐧𝐚𝐲𝐚 𝐕𝐢𝐤𝐚𝐝𝐚𝐧, 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐧𝐞𝐰𝐬 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 & 𝐍𝐞𝐰 𝟏𝟖 𝐓𝐕 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐢𝐧 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐓𝐚𝐦𝐢𝐥 𝐥𝐚𝐧𝐠𝐮𝐚𝐠𝐞 𝐰𝐡𝐞𝐫𝐞 𝐢𝐭 𝐡𝐚𝐬 more than 𝟏 𝐥𝐚𝐤𝐡 𝐯𝐢𝐞𝐰𝐬 +
2) Most of our customers kids follow this & we give medals/Shields personalized to kids to encourage
𝐏𝐥𝐞𝐚𝐬𝐞 𝐬𝐞𝐞 𝐜𝐡𝐚𝐫𝐭, 𝐯𝐢𝐝𝐞𝐨 fully & 𝐫𝐞𝐭𝐰𝐞𝐞𝐭 𝐢𝐟 𝐲𝐨𝐮 𝐥𝐢𝐤𝐞 𝐭𝐡𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭
#investingtips
@MFSahiHai
@KiranPRajput
@kumar_sivaraj
#stockmarkets
#MutualFundsSahiHai
#TeachersDay
𝙎𝙘𝙞𝙚𝙣𝙘𝙚 & 𝙉𝙪𝙢𝙗𝙚𝙧𝙨 & #𝙄𝙣𝙫𝙚𝙨𝙩𝙞𝙣𝙜 - 𝙋𝘼𝙍𝙏 1
In all cultures, people have made connections between 𝐋𝐄𝐓𝐓𝐄𝐑𝐒 𝐚𝐧𝐝 𝐍𝐔𝐌𝐁𝐄𝐑𝐒
Do you know 𝐅𝐎𝐔𝐑 is the only number that has the same amount of letters as its value?
For example,
Spell ONE ( which has 3 letters)
Spell SEVEN( which has only 5 letters)
Spell TEN( Which has 3 letters)
Now 𝐒𝐏𝐄𝐋𝐋 𝐅𝐎𝐔𝐑 ( 𝐄𝐱𝐚𝐜𝐭𝐥𝐲 𝟒 𝐥𝐞𝐭𝐭𝐞𝐫𝐬)- 𝐎𝐧𝐥𝐲 𝐧𝐮𝐦𝐛𝐞𝐫 𝐰𝐢𝐭𝐡 𝐭𝐡𝐢𝐬 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲, 𝐞𝐪𝐮𝐚𝐥 𝐭𝐨 𝐧𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐥𝐞𝐭𝐭𝐞𝐫𝐬.
So the luckiest number seems to be 4 which is always a 𝐒𝐏𝐄𝐂𝐈𝐀𝐋 𝐢𝐧 𝐄𝐍𝐆𝐋𝐈𝐒𝐇
Likewise, 4 letter words in investing which is 𝘿𝙀𝘽𝙏, 𝙂𝙊𝙇𝘿 & 𝘾𝘼𝙎𝙃 in my view are very special asset classes & Don't miss out on your way to financial planning
#fridaymorning
@MFSahiHai
#MutualFunds
#investingtips
#stockmarkets
British American Tobacco looks to raise $2.5 billion by trimming 4% stake in ITC, ropes in Wall St banks.
Can the stock hold the price if RBI approves the transaction?
Ecstatic to be with my mentor Mr.Sankar Naren , CIO & ED of Icici prudential AMC who got prestigious
"DISTINGUISHED ALUMINI AWARD 2024 FROM IIT- Madras 2024"
Mr.Sankar Naren is the ONLY PERSON in the private sector industry to receive this award from IIT Madras.
A person from mutual fund industry & tamilian to be really proud of.
Last year, IIT kanpur given the similar award to Mr.Prashant Jain, by that time, he moved to AIF industry
Join hands with me to congratulate him. Shared photo which I took today with Mr.Naren in THE RITZ-CARLTON, Bangalore . Remaining 13 awardees attached herewith
@MFSahiHai@ICICIPruMF
#MutualFund
ICICI Pru India Opportunities Fund has recently completed 5 years and is considered one of the most consistent funds in the market. For illustrative purposes, let's take a look at their SIP and lump sum returns. Please note, this is not a recommendation. Check out the impressive returns of this fund and see if it aligns with your investment goals. #ICICIPru #IndiaOpportunitiesFund #InvestmentReturns #SIP #LumpSumInvesting @ICICIPruMF@ambakhshi
Evident that India is consistently outperforming major economies in terms of Manufacturing activity
Solid footing with factory growth accelerating at the fastest pace compared with other countries and new orders, and output increased at the quickest rates in nearly 3 years post COVID
The Purchasing Managers Index (PMI) is a measure of the prevailing direction of economic trends in manufacturing
PMI >50 indicates expansion
PMI<50 indicates contraction
Source @ICICIPruMF
#indiarising
#stockmarkets