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Recent performance of Value Discovery Fund due to expensive markets, says Mrinal Singh of ICICI Prudential Mutual Fund

Finance
“In value investing, patience is a prerequisite to reap gains. That is why it is important for investors to stay put with their investments whether through SIP or otherwise. As value gets unlocked investors will be beneficiaries of exponential gains from these investments,” said Mrinal Singh, Deputy CIO- Equity, ICICI Prudential Mutual Fund, in an interview to Avneet Kaur of ETMutualFunds.com.ICICI Prudential Value Discovery Fund is underperforming its benchmark in one-, three- and five-year horizons. The scheme has given -8.60 per cent in the last one year, 3.31 per cent in the three-year period and 6.27 per cent in five years. What is the reason behind the underperformance?The recent performance of ICICI Prudential Value Discovery Fund has been a function of the markets being expensive w
Indians go short-haul for a break, US and Europe stay expensive on Jet crisis, Pakistan curb

Indians go short-haul for a break, US and Europe stay expensive on Jet crisis, Pakistan curb

Finance
Short-haul, visaon-arrival destinations are gaining traction this summer as airfares and holiday packages to the US and Europe stay expensive due to the Jet Airways crisis and closure of Pakistani airspace. Travel to destinations like Thailand, Malaysia, Mauritius, Cambodia and the Maldives is picking up with the airlines of some of these countries also enticing travellers with attractive offers, online travel agencies and tour operators said. “Summer travel has been impacted over the past few months because of issues ranging from capacity constraint due to the grounding of Jet Airways to the closure of airspace over Pakistan that has led to an increase in airfares. We have noticed travellers favouring short-haul destinations, especially those that offer visa-free entry or visa-on-arrival
£1.6m drug becomes world’s most expensive

£1.6m drug becomes world’s most expensive

Technology
Swiss pharmaceutical giant Novartis has won approval for a new gene therapy drug which is priced at a record £1.67m per treatment.Named Zolgensma, the drug has been approved by US regulators for treating babies with spinal muscular atrophy (SMA) - a rare and often fatal disease. The new one-time treatment uses a virus to replace the defective gene which causes SMA with a copy that functions properly.The regulatory approval allows Zolgensma to be used on babies with the deadliest form of the disease as well as ones whose lives could be impacted later.Babies affected by the most severe form of the progressive condition rarely survive beyond two years of age. Advertisement "This is potentially a new standard o

Live online TV, once a bargain, is getting more expensive

Technology
If you signed up to stream live TV in hopes of saving money over traditional cable, you may be in for a rude surprise. Live online-TV providers like YouTube TV, DirecTV Now and Hulu with Live TV lured users with digital "skinny bundles" that were cheaper than cable. Now, many are raising prices. The latest is Google's YouTube TV, which is increasing its monthly fee to $ 50. It launched at $ 35 and has raised prices as it added more channels. The first of this crop of TV services was Dish Networks' Sling TV in 2015. Its most attractive feature was price, since it offered a handful of popular, live TV channels for $ 20 a month. A string of other companies announced similar services in the years that followed, many priced from $ 30-$ 40 a month. YouTube TV, Hulu Live, AT&T's...