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Tag: Almost

'We now have almost Rs 7500 cr plus monthly flows in SIPs'

'We now have almost Rs 7500 cr plus monthly flows in SIPs'

Finance
NPAs, provident fund and SIP flows together will put between Rs 1,10,000 crore and Rs 1,25,000 crore in mutual funds this year, says Nilesh Shah, MD, Kotak AMC, talking to ET Now.Edited excerpts: When the mutual fund data for March came out, it appeared that the SIP flows and the mutual fund collections were coming down. What is the update after that? Was March an aberration?March was a normal month but people who interpreted data were in aberration. They failed to understand that in equity mutual fund, there is pure equity mutual fund where we go and invest into direct equity and there are also arbitrage funds where we invest in equity and short the futures. Impact of flows in a pure equity fund and arbitrage fund is completely different. When there are flows in pure equity fund and we bu...
Wenger to leave Arsenal after almost 22 years as manager

Wenger to leave Arsenal after almost 22 years as manager

Sports
Media playback is not supported on this device Arsene Wenger is to leave Arsenal at the end of the season, ending a near 22-year reign as manager.The Frenchman departs a year before his latest contract was due to expire.The Gunners are sixth in the league and set to miss out on a top-four spot for the second straight season, with their hopes of reaching the Champions League resting on winning the Europa League.Wenger, 68, won three Premier League titles and seven FA Cups, including the Double in 1998 and 2002."I am grateful for having had the privilege to serve the club for so many memorable years," said Wenger. "I managed the club with full commitment and integrity."To all the Arsenal lovers, take care of the values of the club."Arsenal...
Credit card signatures are almost a thing of the past

Credit card signatures are almost a thing of the past

Finance
5 stunning stats about credit cardsThe random scribble you hastily scrawl after swiping your credit card is no longer required. Major credit card companies are getting rid of the signature requirement for credit card transactions. American Express, Discover and Mastercard will no longer require merchants to collect a signature on April 13. Visa will do away with the signature requirement starting April 14. "Signatures are no longer considered to be any real deterrent to fraud," explained Matt Schulz, senior industry analyst at CreditCards.com. "Most people don't sign their name in full or take it all that seriously." The signature requirement had already been fading, especially for smaller purchases. For instance, American Express has not required a signature for transactions under $ 50...
Ant and Dec almost KILLED in horror Saturday Night Takeaway monster truck crash

Ant and Dec almost KILLED in horror Saturday Night Takeaway monster truck crash

Entertainment
The Geordie duo are set to go head-to-head in a “dangerous” Monster Jam truck challenge.It is one of their “Ant Versus Dec” battles in which the pair compete every series.But a trial run yesterday nearly ended in disaster.They were both driving £100,000 trucks in a race in a car park near their TV studios when they lost control.WENNDANGEROUS: The duo are set to go head-to-head in a 'dangerous' Monster Jam truck challenge “We had to give it a go earlier and we both crashed quite badly. It’s big and dangerous. It’s gone really badly so far” DecBoth veered off course and crashed into giant shipping containers, leaving the TV duo shaken.Dec revealed: “We had to give it a go earlier and we both crashed quite badly. It’s big and dangerous. It’s gone really badly so far.”Ant a
Rashaan Salaam's Heisman Trophy auctioned for almost $400K for CTE research

Rashaan Salaam's Heisman Trophy auctioned for almost $400K for CTE research

Sports
The Heisman Trophy won by running back Rashaan Salaam in 1994 sold for a record $ 399,608 at an auction on Saturday night. The proceeds will go toward CTE-related medical research in Salaam's name. Salaam died in December 2016 at age 42, but he had sold the trophy two years earlier. His death was ruled a suicide. The online auction was conducted by SCP Auctions of California. The previous record sale for a Heisman award was $ 395,240 that was paid for Bruce P. Smith's 1941 trophy. Other Heisman trophies that have sold through the years include O.J. Simpson's 1968 trophy ($ 255,000 in 1999), Paul Hornung's 1956 award ($ 250,000 in 2000) and Charles White's 1979 trophy ($ 184,000 in 2000). Salaam was a standout running back at the University of Colorado who was drafted in the first round by ...