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...
A picture taken aboard a flight featuring an air hostess and C. Joseph Vijay has gone viral on social media, with fans celebrating the Tamil Nadu Chief Minister's humble and approachable public image. The photograph was clicked during Vijay's return journey from New Delhi following his first official multi-day visit to the national capital since taking oath as Chief Minister earlier this month. The cabin crew member identified as Uma Meenakshi shared the image online, calling the flight duty "extra special" after getting the opportunity to meet the actor-turned-politician in person. Dressed in his now-signature monochrome black-and-white formal attire, the Chief Minister appeared relaxed in the viral picture, which quickly spread across fan pages and political circles. "Crew duty became extra special today with Honourable Chief Minister Shri C. Joseph Vijay (fondly known as Thalapathy) @actorvijay onboard," the air hostess wrote on Instagram while sharin...