Sanjay Shankar

Engineering @smallcaseHQ | Passionate about photography, design & development

[Anugrah Shrivastava @anugrah_shrivas]

In just 7 trading sessions LIQUIDCASE (Liquid ETF launched by @ZerodhaAMC) has crossed more than 150cr in AUM! Here are the key benefits of LIQUIDCASE over other liquid ETFs

Before listing the benefits, lets understand the key differences between LIQUIDCASE and other existing Liquid ETFs.

How existing liquid ETFs work
- NAV/Price of these ETFs don’t change. It remains fixed at a value like 1000.
- Given price remains the same, users earn returns in the form of more units or cash.
- Let’s first understand the ETFs that provide returns in the form of units. Let’s say the price of the ETF is 1000 and you have purchased 100 units of this ETF. After some time you will have more than 100 units (something like 100.5) but the price of the ETF will remain the same. Thus, you get the returns in the form of additional units but the price of the ETF remains the same. The additional units that you have earned as dividends get credited to your demat account every month/fortnight.
- There are some liquid ETFs that provide returns in the form of cash and not units. Let's take the same example, where you purchased 100 units and the price of the ETF was 1000. In this case also, the price will remain constant at 1000 and the number of units in your demat account will also remain the same at 100, but you will receive cash dividends in the bank account linked with your demat account.

How LIQUIDCASE works
- NAV changes daily. It started from 100, but is changing daily to reflect the scheme's performance. Over a period of time, NAV should move to 105-110 and so on.
- If we take the same example where you purchased 100 units and let’s say the price on the day of the purchase was 100. In this case, the number of units in your account will remain constant at 100 but the price of the scheme will change to 101-102… as the time progresses. Thus, it works like a usual mutual fund/ETF where units remain constant and price changes to reflect the performance of the fund

Benefits of LIQUIDCASE vs other Liquid ETFs
- Easy P&L tracking: With LIQUIDCASE investors would be able to track P&L by just comparing the entry/exit price. This is not possible with other liquid ETFs where returns are provided in the form of cash or units
- Readable performance chart: Price charts of all other liquid ETFs show a straight line with no movement, as the value remains constant at 1000. But the LIQUIDCASE chart will show the actual growth/performance of the fund. Thus, Investors can easily read and understand the performance chart of LIQUIDCASE vs other ETFs.
- No fractional units: Users end up with fractional units in the case of liquid ETFs where returns are provided by issuing additional units. These units can’t be sold directly on the exchange and are difficult to redeem
- More tax efficient: In LIQUIDCASE you will be taxed only when you sell the units. In case of other Liquid ETFs, you will be taxed every year as you would be constantly receiving dividends throughout the year

Liquid ETFs are great to park idle cash, as they generally offer better returns than the most savings bank account. You can checkout the details of the LIQUIDCASE here (https://t.co/yrYEcQYWWz) and purchase using your existing broker account.

[Anugrah Shrivastava @anugrah_shrivas]

Gross exaggeration, not expected at all from a publication like Mint.

3 out of 200+ partners have paused their services for new clients since April, while continuing to serve their existing clients. In the same time, 10+ new partners have also joined the platform

[Sanjay Shankar @itssan14]

@younguyen95 @TkDodo @tannerlinsley had given a talk on similar lines. Check this out if not already https://t.co/ooM6MkF9f8

[smallcase engineering @smallcasetech]

Join us in the @ReactDayIn virtual booth to discuss the technical challenges and engineering complexities in smallcase Gateway.

Get to talk about iframes, security, transactional systems, multi tenancy, challenges around SDKs and more!

Starting now:
https://t.co/e4uHRpkAsr

[Sanjay Shankar @itssan14]

We are coming to @ReactDayIn! Join us in our virtual booth to discuss #Typescript and more at @smallcaseHQ. See you folks there!

[smallcase engineering @smallcasetech]

Catch our Frontend devs @ReactDayIn virtual booth on 8-9 Jun. Watch out for discussions around typescript, testing, design system, a11y, engineering in general, smallcase products, AMAs, and special events from the people team @smallcaseHQ!

Register now: https://t.co/lOJlj2NQgE

[Nithin Kamath @Nithin0dha]

Maybe if there was @smallcaseHQ back in 2008, my father in law wouldn't have probably said "beta Government job kyo nahi karte" when I was seeking his blessings for marriage 😬

[Ronny bhaiya @Zakirism]

Pyaar mohobat dhoka hai,
Dimag laga lo mauka hai!

@smallcasehq #smallcase. #ad

[Vercel @vercel]

We're also making the @turborepo CLI open-source.

Try Turborepo today with `npx create-turbo` to create your first monorepo.

https://t.co/MLe5mJGmaU

[Vercel @vercel]

Next.js 12 is out

◆ Rust compiler: 3x faster HMR & 5x faster builds
◆ AVIF support: 20% smaller images
◆ Edge Functions runtime & Middleware (beta)
◆ SSR Streaming & React Server Components (alpha)
◆ Native ESM & URL imports (alpha)
◆ Bot-aware ISR

https://t.co/dMp1H1JtBd

[Rob Hunt @helloiamrob]

Round of applause for whoever implemented this new detail when you mistype your Mac password. 👌

[Guillermo Rauch @rauchg]

Simplicity is hard work.

It's been inspiring to watch @shuding & @huozhi put out a more correct, more featureful, better tested and… 40% smaller library.

[Sanjay Shankar @itssan14]

@housecor The object approach with the value being a data object would provide fast access and allow for easier extension.

[CodeSandbox @codesandbox]

⌨️ CodeSandbox Tip: Quickly open a GitHub repo in CodeSandbox by adding "box" to the repository URL.

Try it!

[Tim Ottinger @tottinge]

I’m not sure the origin of this, but it’s good....

[The Female Lead @the_female_lead]

In this letter, a male engineering student explains why his female classmates aren't his equals and you're going to want to read until the end...

[Harshit Pant @pantharshit00]

🔥📄 Announcing `prisma-docs-generator`

Automatically generate a reference for your @prisma schema and client just by adding 3 lines to your schema.

Fully linked with samples for each db operation.

👉: https://t.co/BmwCQ9Tld7

[Ryan Chenkie @ryanchenkie]

🎉 It's here!

React Security Fundamentals is live 😀

28 vids, over 2 hours of content

Totally FREE

Learn about:
* JSON Web Tokens
* Client auth state
* Guarding routes
* Protecting an API
* Hardening the app

https://t.co/qFmYKe7asi

RT's appreciated 🙏

#React #javascript

[Cassidy @cassidoo]

*1 week sprint turns into a 3 week sprint*

[Mama @SriniMaama16]

Still can't get over Podrick's A Cappella rendition of "Jenny", a breathtakingly beautiful & an emotional powerful version that's so relevant to what is to come. "NEVER WANTED TO LEAVE, NEEVVVEERR WANTTED TO LEAVEEE"! Nalaiku ethana thala urula pogudho! #GOT #BattleOfWinterfell