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...
In a significant move reflecting public sentiment, the Uttar Pradesh government led by Yogi Adityanath has announced an additional public holiday on March 27, extending the Ram Navami break to two consecutive days.
March 26 had already been declared a holiday for Ram Navami. The decision to add March 27 comes in response to the increasing number of devotees visiting temples across the state during the festival period. Officials said the move aims to ease crowd management and ensure convenience for worshippers.
The Chief Minister approved the extension, reiterating the government's commitment to respecting religious sentiments and facilitating smooth celebrations.
Separately, the High Court has revised its holiday schedule. While courts were initially set to remain closed on March 26, proceedings will now continue as usual on that day. Instead, all courts will observe a holiday on March 27 in view of the festival.
Meanwhile, security arrangements have been significantly strengthened across Uttar Pradesh ahead of the celebrations. Large gatherings are expected at prominent religious centres such as Ayodhya, Varanasi and Mathura.
Authorities have issued guidelines to police and administrative officials to ensure smooth crowd control and prevent any disruption. Preparations at temples are also underway, with a focus on cleanliness, decoration, enhanced security and facilities for devotees.
A festive atmosphere has already begun to take shape across key religious cities as the state prepares for large-scale Ram Navami observances.
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