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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
Numerous boreholes in Spain linked to recent deaths

Numerous boreholes in Spain linked to recent deaths

World
Feb. 1 (UPI) -- Spanish lands hide an estimated one million boreholes drilled for, the most part, illegally in attempts to tap into subsoil water, which have caused two deaths in recent days. While Spanish authorities have not made an official count of illegal boreholes since detecting 510,000 in 2006, the number is believed to at least double that, according to a report Friday in Spain's The Local. The boreholes allow enough water to be extracted to be used by 58 million people, the report added. Spain has a population of 46.6 million. According to another report Friday by Deutsche Welle, the boreholes are known in Spain as "moonshine wells" because they are dug at night to avoid detection. Spanish rescuers recovered on Tuesday the body of a 2-year-old child who'd fallen into a borehole...
More children being diagnosed with autism spectrum disorder in recent years

More children being diagnosed with autism spectrum disorder in recent years

Health
More children are being diagnosed with autism spectrum disorder, according to new data from the Centers for Disease Control and Prevention (CDC). Their new numbers now show that autism affects one in 59 children, an increase from previously reported one in 68 children. Dr. Walter Zahorodny, a pediatrician and autism researcher, is “stunned by the speed of increase.” This data was collected in 2014 through the Autism and Developmental Disabilities Monitoring (ADDM) Network, an organization described by the study's authors as “an active surveillance system that provides estimates of the prevalence of autism spectrum disorder (ASD) among children aged 8 years.” In this study, the ADDM Network first identified over 10,000 children with symptoms of ASD in 11 states. A team of researchers an