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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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Man Watches Dhurandhar 2 Instead Of Booking Hotel After Vaishno Devi Yatra Halt

In an unusual turn of events, a pilgrim visiting Vaishno Devi found a creative way to manage an unexpected delay during his journey. Instead of booking a hotel room, he chose to spend the night watching a film, turning the situation into a cost-saving experience.

Madhav, who went on a pilgrimage to Vaishno Devi, shared his experience on Twitter (formerly Twitter). He explained that as soon as he arrived at the pilgrimage site, he learned that the pilgrimage had been suspended. Since night darshan was not possible, he had to make arrangements for accommodation.

At the same time, the rent for a night in nearby hotels was around Rs 1,500, so he began considering other options.

To save money, Madhav decided to watch a night show of Dhurandhar 2 for Rs 300. The 3-hour, 49-minute film provided a comfortable way to spend the night.

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He explained that by watching the movie instead of staying in a hotel, he saved Rs 1,200 and was also entertained. He said that by watching the movie for Rs 300, he saved the remaining money instead of spending Rs 1,500 on a hotel.

Plans For Next Morning

Madhav, along with another devotee, said that this decision allowed him to relax and save money. He also shared his plans for the next day.

He said that he would first watch a movie in peace, then queue up around 3 am, get a yatra card, and head straight for darshan.



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