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...
England vs Pakistan 4th T20I Live Score: Pakistan slumped to 91/5 before rain stopped play in the fourth and final T20I against England. The match had resumed after some light showers. Babar Azam and Mohammad Rizwan gave Pakistan a brisk start after they were put to bat first in London. Babar hit 36 off 22 while Rizwan scored a 16-ball 23 as Jofra Archer and Adil Rashid and removed them in the space of five balls. Earlier, England captain Jos Buttler won the toss and elected to field. The first and the third England vs Pakistan T20Is were washed out due to rain. The second T20I of the four-match series was won by England. (LIVE SCORECARD)
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