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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...
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Viral Picture Of Padlock On Grave Not From Pak: A Fact Check

A fact-check has indicated that an agency report about parents putting padlocks on graves of their daughters in Pakistan to save them from a rising spate of necrophilia was incorrect. Many news sites, including NDTV, ran the report of news agency ANI that has been fact-checked by AltNews. NDTV had sent a mail to ANI late this evening. A response is awaited.

The report of ANI was based on Daily Times article, and a viral tweet by Harris Sultan, an ex-Muslim atheist activist and the author of the book "The Curse of God, why I left Islam".

In the tweet, he had shared photos of a padlocked grave and accused Pakistan of creating a "sexually frustrated society", where "people are now putting padlocks on the graves of their daughters to prevent them from getting raped".

AltNews fact checker Mohammed Zubair tweeted that the photograph in question, showing a green painted  grille, was from Hyderabad. The reason grilles are used is to stop people from burying bodies over the old graves without permission, he tweeted quoting locals.

The grave was that of an old woman, whose son had installed the grille. It was also meant to stop people from stepping on the grave since it was near a doorway, he tweeted.

After the fact-check by AltNews, Harris Sultan said he was deleting his earlier tweet.

The ANI report mentioned that women's bodies were said to have been unearthed and desecrated on several occasions. A necrophilia case was reported in Pakistan in 2011 when a grave keeper named Muhammad Rizwan from North Nazimabad, Karachi was arrested after he confessed to raping 48 female corpses.



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