tag:blogger.com,1999:blog-364904412024-03-13T11:04:16.833-07:00Ladder7 Financial AdvisoriesLadder 7 Financial Advisories offers financial planning services to individuals to achieve their life goals.
A holistic plan is drawn up after understanding the income/ expense pattern, past investments, their specific situation, the time horizon, risk appetite etc. Tax, Estate, risk management issues are looked into and built into the plan. In short, this is a complete plan which is focused on achieving the clients’ goals in the best way possible.Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.comBlogger273125tag:blogger.com,1999:blog-36490441.post-66666501141681525862020-07-14T02:55:00.000-07:002020-07-14T02:59:42.134-07:00Measuring Development & Happiness<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">We have come into this world and most of us have eight decades to call the </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">earth</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> our home. </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Most of us seem to be marching to the same drumbeat – </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">we</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> study to get a job, some start an enterprise, </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">we go through the motions of marriage, children, fulfilling various needs & goals, retirement and after a long time </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">there, move to the nether world.</span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
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<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">While we are still about the planet, we are in a tearing hurry to get ahead. We w</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">ant to move ahead on the job, be one up on </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Bhatnagars</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> & </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Ramachandrans</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">, buy that home, a </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">second</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> possibly</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">,</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> a third </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">too </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">and do the same with cars, spoil the child</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">ren by pampering them in the name of </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">giving</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> them the “best”. </span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
</div>
<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{151e0033-e976-422d-ab8e-d2298562c258}{59}" paraid="1532732072" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">We measure everything by the material possessions & trappings of wealth. We get hijacked b</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">y</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> insidious </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">comparisons </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">with people</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> </span></span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">of all hues</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">. </span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{151e0033-e976-422d-ab8e-d2298562c258}{59}" paraid="1532732072" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
</div>
<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{151e0033-e976-422d-ab8e-d2298562c258}{79}" paraid="260241192" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">This is now </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">institutionalised</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> at every level. The urban – rural divide is measured by how many </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">vehicles</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> people own </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">per lakh </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">or </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">how much processed food they consume. A</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">t a global level </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">it is measured by</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> how</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> </span></span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">many</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> </span></span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">air conditioners</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> people </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">have </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">in a country per</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> million. Or even how many bottles of </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Colas and other sugared waters we drink per capita</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">! This is a measure of the relative</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> development </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">in </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">our world!!!</span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{151e0033-e976-422d-ab8e-d2298562c258}{79}" paraid="260241192" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335551550":1,"335551620":1,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
</div>
<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{151e0033-e976-422d-ab8e-d2298562c258}{131}" paraid="507087511" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">We deduce that someone who own cars, </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">air conditioners</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">, washing machines are doing well in their life and are contented and happy. Th</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">is</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> statement could </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">only </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">be somewhat true</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">. Firstly, material possessions do not always contribute to happiness or </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">one’s</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> </span></span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">well-being</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">. </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> </span></span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Even if they do, most of these would have been bought through loans which exerts a burden that more than negates any happ</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">iness that the product possession confers.</span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{151e0033-e976-422d-ab8e-d2298562c258}{131}" paraid="507087511" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
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<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{151e0033-e976-422d-ab8e-d2298562c258}{165}" paraid="1782955914" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Material possessions are </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">needed & </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">useful till a point. But </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">for many, </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">worldly</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> possessions </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">ac</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">quire an urgency beyond just their usefulness. They are acquired to signal </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">to </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">the world that they have arrived, to achieve parity or be one up on their friends, relative</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">s</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">, c</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">olleagues etc.</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> And such is the pressure that people stretch themselves to breaking point to </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">achieve these. It should be reasonably clear that such an approach will mostly </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">contribute to stress & worries as </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">opposed</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> to conferring happiness </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">&</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> contentment</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">.</span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{151e0033-e976-422d-ab8e-d2298562c258}{165}" paraid="1782955914" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
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<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{151e0033-e976-422d-ab8e-d2298562c258}{211}" paraid="7242783" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Unfortunately</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">, </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">across the globe, </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">we are </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">using </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">such </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">contemporary metrics </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">for measuring </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">this unbridled materialism</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">, unmindful of the negative consequences </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">& misery </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">it </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">is </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">causing. </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> The countries which drink less of colas </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">are thought to be “</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">underdeveloped</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">” and need to catch up</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">!</span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
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<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
</div>
<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{151e0033-e976-422d-ab8e-d2298562c258}{253}" paraid="1783948140" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">The</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> </span></span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">unsustainable</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> </span></span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">American model of </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">overemphasising</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> spending</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">,</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> </span></span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">overconsumption in everything, </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">prodigious</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> waste, </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">use & throw </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">culture </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">etc. </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">has contributed to </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">massive environmental degradation. </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Due to this, US is highest in environmental pollut</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">er</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> per capita</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">, in every area</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">. </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Yet, we continue to use </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">those very flawed </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">western </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">yardsticks to </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">measure</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> progress.</span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{151e0033-e976-422d-ab8e-d2298562c258}{253}" paraid="1783948140" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
</div>
<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{58}" paraid="220956022" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Are Americans </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">really</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> happy</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">? I do not know. But consider these statistics. US Govt debt is USD 24 trillion</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">. US private debt is about USD 36 trillion. US GDP is about USD 19 trillion. The Global </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Superpower</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> is the most heavily indebted nation in the </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">world. They are afloat only because US Dollar till date is the fiat currency & they keep printing more and more of it – heard of “Quantitative easing”?</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> </span></span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Do you think they can be happy?</span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{58}" paraid="220956022" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
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<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{82}" paraid="537833686" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">US is the richest country in the world, right? By GDP & by the relatively high per capita income? </span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{82}" paraid="537833686" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
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<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{88}" paraid="827415577" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Yet, t</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">he </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">average </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">American</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> is drowning in debt. The student debt is USD 1.2 trillion</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">. S</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">tudents are not able to </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">pay and there are lots of defaults. </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Students look for sugar daddies to put them through education. This is veiled prostitution. </span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{88}" paraid="827415577" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
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<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{110}" paraid="1957739684" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">The predominant ma</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">jority are living from paycheck to paycheck. That is why they do not want lockdowns. </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">I have read recently that about 70% Americans do not even have</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> </span></span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">USD</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> </span></span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">1000 in their bank account! </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">These are not poor people </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">( </span><a class="Hyperlink SCXW177736566 BCX0" href="https://www.youtube.com/watch?v=JHDkALRz5Rk" rel="noreferrer noopener" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; margin: 0px; padding: 0px; text-decoration-line: none; user-select: text;" target="_blank"><span class="TextRun Underlined SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #276d5b; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" data-ccp-charstyle="Hyperlink" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;">poor people number about</span></span><span class="TextRun Underlined SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #276d5b; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" data-ccp-charstyle="Hyperlink" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> 40 million</span></span><span class="TextRun Underlined SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #276d5b; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" data-ccp-charstyle="Hyperlink" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> in US</span></span></a><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> )</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> </span></span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">– they are</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> from the</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> middle class</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">.</span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
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<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
</div>
<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{151}" paraid="437020187" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">The predominant majority have not saved enough for retirement – </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">infact</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">,</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> they have saved nowhere near what they need in retirement. </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Consequently,</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> they continue to work in</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">to</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> their seventies and eighties.</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> Happiness a</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">nd </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">contentment ?</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> You see that a lot in Hollywood movies!</span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{151}" paraid="437020187" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
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<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{181}" paraid="996185377" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">If GDP as a measure is for the most part a flawed metric, should we be </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">flogging it still? Should we moan & brood over the shrinkage of GDP in these crisis times? </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Should we even </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">bother about that over hu</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">man costs & consequences of the crisis. GDP & stock markets hardly reflect people’s well-being, in any country.</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> </span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{181}" paraid="996185377" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
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<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{197}" paraid="749242213" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Should we not use these times </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">to get </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">an </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">insight </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">into</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> what is it we truly want </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">from</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> life? </span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{197}" paraid="749242213" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
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<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{217}" paraid="1164620252" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Should we not be truly concerned about environment, as opposed to the drama of the likes of Greta Thunberg ( whose conspic</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">uous consumption & her </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">hypocrisy</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> has been exposed )</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">… or by luminaries like Al Gore ( Former US </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Vice P</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">resident & an “environmentalist</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">”</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">, whose </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">household </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">consumption </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">was 30,000 units a </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">month</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">, which was </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">30 times of even wasteful American </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">standards )</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">?</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> </span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{7cd7f4b7-9aa7-4618-8710-682d829fb4ae}{217}" paraid="1164620252" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
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<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{78b60e46-8f6c-4553-99e8-31cb88b208b9}{2}" paraid="1275714923" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Read Michael Crichton’s State of Fear, a novel about Environmentalists & their diabolical designs.</span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{78b60e46-8f6c-4553-99e8-31cb88b208b9}{2}" paraid="1275714923" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
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<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{78b60e46-8f6c-4553-99e8-31cb88b208b9}{8}" paraid="441644143" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Coming back, can we not focus on what we want from life? Don’t we all want to be happy & enjoy peace, above all? Don’t we </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">all want to pursue a meaningful life, full of vibrant energy & amazing </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">possibilities</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;"> </span></span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">?</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> </span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{78b60e46-8f6c-4553-99e8-31cb88b208b9}{8}" paraid="441644143" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
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<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{78b60e46-8f6c-4553-99e8-31cb88b208b9}{24}" paraid="1795133454" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">We should. We have just one life. We need to make </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">that</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> count. This was the crux of </span><a class="Hyperlink SCXW177736566 BCX0" href="https://ladder7.co.in/life-planning-in-india/" rel="noreferrer noopener" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; margin: 0px; padding: 0px; text-decoration-line: none; user-select: text;" target="_blank"><span class="TextRun Highlight Underlined SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="background-color: cyan; color: #276d5b; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; outline: transparent solid 1px; padding: 0px;" xml:lang="EN-US"><span class="NormalTextRun SCXW177736566 BCX0" data-ccp-charstyle="Hyperlink" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: inherit; margin: 0px; padding: 0px; user-select: text;">Life Planning</span></span></a><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> about which I had written earlier.</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> </span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
<div class="Paragraph SCXW177736566 BCX0" paraeid="{78b60e46-8f6c-4553-99e8-31cb88b208b9}{24}" paraid="1795133454" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"><br /></span></div>
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<div class="OutlineElement Ltr BCX0 SCXW177736566" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: white; clear: both; cursor: text; direction: ltr; font-family: "Segoe UI", "Segoe UI Web", Arial, Verdana, sans-serif; font-size: 12px; margin: 0px; overflow: visible; padding: 0px; position: relative; user-select: text;">
<div class="Paragraph SCXW177736566 BCX0" paraeid="{78b60e46-8f6c-4553-99e8-31cb88b208b9}{41}" paraid="453411066" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; text-align: justify; user-select: text; vertical-align: baseline;">
<span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Like Bhutan, we need to measure Gross National Happiness. </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Even if it does not ever have a chance of becoming a metric to measure </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">progress</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> globally</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">, thi</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">s is truly what we need. </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Let us </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">atleast</span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US"> pursue that at a personal level. </span><span class="TextRun SCXW177736566 BCX0" data-contrast="none" lang="EN-US" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;" xml:lang="EN-US">Afterall, are we all not in the pursuit of happiness?</span><span class="EOP SCXW177736566 BCX0" data-ccp-props="{"201341983":0,"335559739":120,"335559740":276}" style="color: #595959; font-family: "calibri" , "calibri_embeddedfont" , "calibri_msfontservice" , sans-serif; font-size: 11pt; line-height: 20.7px; margin: 0px; padding: 0px;"> </span></div>
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<div class="Paragraph SCXW177736566 BCX0" paraeid="{78b60e46-8f6c-4553-99e8-31cb88b208b9}{65}" paraid="974832292" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; user-select: text; vertical-align: baseline;">
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<div class="Paragraph SCXW177736566 BCX0" paraeid="{78b60e46-8f6c-4553-99e8-31cb88b208b9}{69}" paraid="1263802737" style="-webkit-tap-highlight-color: transparent; -webkit-user-drag: none; background-color: transparent; color: windowtext; overflow-wrap: break-word; padding: 0px; user-select: text; vertical-align: baseline;">
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-47919636524399692762019-03-27T07:04:00.001-07:002019-03-27T07:04:15.659-07:00The age of Passives is almost upon us...<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Calibri; font-size: 18pt;">W</span><span style="font-family: Calibri;">e are in a market where MF awareness is now only beginning to gain hold. The </span><b><i><span style="font-family: Calibri;">Mutual Fund Sahi Hai</span></i></b><span style="font-family: Calibri;"> campaign can take a lot of credit for this. Still, the number of people who invest in Mutual Funds, is still a very small percentage - under 2%.</span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">The MF Assets under Management has grown to under Rs.25 Lakh Crores. A lot of changes have happened to ensure that the MFs continue to be safe and attractive for the consumers at large. </span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">One of the options given to the client is the Direct Plan option where the investor can invest in a no-commission product, at a lower cost. </span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">This presupposes that the investor knows the landscape well and will be able to make informed decisions. Else, the investor would have an advisor who would guide him.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Direct plans & the lowering of costs in Regular plans were seen as big developments in the evolution of MFs in India. The bigger disruption in the investment space is yet to come. It would come in the form of passive funds.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="color: #843c0b; font-family: Calibri; font-size: 11pt;">Why passive funds may gain traction?</span></b><b><span style="color: #843c0b; font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></b></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">There are about five contributory factors, which may aid the mainstreaming of passive investing.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun;">A) </span><!--[endif]--><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">The reclassification of MF schemes as mandated by SEBI has ensured that the fund mandates will be a lot tighter than before. This would mean lesser leeway for the fund manager to stray and invest, to take advantage of alpha generation opportunities. Hence, the active funds out-performance as compared to the corresponding index will come down.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun;">B) </span><!--[endif]--><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">The MF schemes are now tracking the Total Return Index ( TRI ) instead of Price Return Index ( PRI ). TRI includes the returns coming from Dividends, rights or any other offering as well. Hence, the TRI would offer higher returns, which would be atleast 1% more pa. than the PRI counterpart. Since now the MF schemes are benchmarking against TRI, the actively managed schemes would need to generate atleast 1% pa more returns now, as compared to what they were doing in the past. </span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun;">C) </span><!--[endif]--><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Active Equity Funds charge anywhere between 1.5-2% more as compared to passively managed funds like Index Funds or the Index ETFs. This means that the active fund manager will have to generate 1.5-2% returns, just to be on par with the index returns. Over and above this, he will need to generate returns to justify someone coming to an active fund manager.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun;">D) </span><!--[endif]--><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">The markets are becoming more and more mature & information asymmetry is vanishing. This leaves much less opportunity for a fund manager to take advantage of.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun;">E) </span><!--[endif]--><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Fund manager risk can be entirely eliminated by investing in Passive funds. Fund manager calls can go both ways & elimination of downside risks arising out of wrong calls by fund managers is attractive.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">For these reasons, passive funds may start gaining currency & may start asserting themselves as a credible investment option, in the near future.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="color: #843c0b; font-family: Calibri; font-size: 11pt;">What are the downsides of Passive funds?</span></b><b><span style="color: #843c0b; font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></b></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Currently, very few Index funds are available for investments. There are many more Exchange Traded Funds ( ETF ) available, tracking a wide variety of indices.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">There are many Indices & Smart-beta indices built around the main indices. There are MF schemes/ ETFs which track these indices. Here is a compilation of many of the indices and some of the funds/ ETFs, tracking the corresponding indices.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<table border="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; margin-left: 4.6500pt; mso-padding-alt: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; mso-table-layout-alt: fixed; width: 419.1500pt;"><tbody>
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</td><td colspan="4" style="border-bottom: none; border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 201.8000pt;" valign="center" width="269"><div align="right" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: right; vertical-align: middle;">
<i><span style="font-family: Arial; font-size: 9pt;">As on 25.02.2019</span></i><i><span style="font-family: Arial; font-size: 9pt;"><o:p></o:p></span></i></div>
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<b><span style="font-family: Calibri; font-size: 12pt;">Category</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td colspan="2" rowspan="2" style="background: rgb(255,242,204); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 88.2500pt;" valign="center" width="117"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="color: #c00000; font-family: Calibri; font-size: 12pt;">Expense Ratio</span></b><b><span style="color: #c00000; font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
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<b><span style="font-family: Calibri; font-size: 12pt;">No of Years</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
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<b><span style="color: #c00000; font-family: Calibri; font-size: 12pt;">Index Benchmarks & schemes</span></b><b><span style="color: #c00000; font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
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<b><span style="font-family: Calibri; font-size: 12pt;">1 year</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
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<b><span style="font-family: Calibri; font-size: 12pt;">2 years</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
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<b><span style="font-family: Calibri; font-size: 12pt;">3 years</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
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<b><span style="font-family: Calibri; font-size: 12pt;">5 years</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
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<b><span style="font-family: Calibri; font-size: 11pt;">Regular</span></b><b><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></b></div>
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<b><span style="font-family: Calibri; font-size: 11pt;">Direct</span></b><b><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></b></div>
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<b><span style="font-family: Calibri; font-size: 12pt;">BSE Sensex TRI</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
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<b><span style="font-family: Calibri; font-size: 12pt;">5.13%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
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<b><span style="font-family: Calibri; font-size: 12pt;">11.95%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
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<b><span style="font-family: Calibri; font-size: 12pt;">16.38%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
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<b><span style="font-family: Calibri; font-size: 12pt;">11.67%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">HDFC Index Fund - Sensex Plan</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.3</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.1</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">5.89%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">13.01%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">17.44%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">12.68%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">Reliance Index Fund - Sensex Plan</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">1.19</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.29</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">5.37%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">12.31%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">16.33%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">11.58%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">Kotak Sensex ETF Fund</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.27</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">NA</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">6.24%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">13.25%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">17.61%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">12.85%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">Tata Index Sensex Fund - Direct Plan</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">NA</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">NA</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">6.36%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">13.14%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">17.42%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">12.46%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="text-indent: 6pt; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">NIFTY 50 TRI</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">2.81%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">10.32%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">16.00%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">11.90%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">Aditya Birla Sun Life Index Fund - Direct Plan</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.8</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.5</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">3.18%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">10.87%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">16.14%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">11.99%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">SBI Nifty Index Fund</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.66</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.26</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">3.45%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">11.22%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">16.56%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">12.04%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="text-indent: 6pt; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">Nifty next 50 index</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">-11.58%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">3.70%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">15.36%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">16.82%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">ICICI Pru Nifty Next 50 Index Fund</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.85</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.43</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">-11.50%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">4.19%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">15.98%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">16.79</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">IDBI Nifty Junior Index Fund</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.79</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.23</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">-3.69%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">4.30%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">16.36%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">17.08%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="text-indent: 6pt; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">Nifty 200 TRI</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">-1.38%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">8.52%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">15.81%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">12.97%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="text-indent: 6pt; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">Nifty 100 TRI</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">-3.74%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">7.81%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">15.59%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">13.38%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="text-indent: 6pt; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">BSE 100 TRI</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">0.88%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">9.37%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">16.16%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">12.38%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="text-indent: 6pt; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">BSE 200 TRI</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">-0.96%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">8.75%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">15.96%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">13.18%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: none; border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 32.2500pt;"><td style="background: rgb(255,242,204); border-bottom: 1.5000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<b><span style="color: #c00000; font-family: Calibri; font-size: 12pt;">Smart Beta Index Benchmarks</span></b><b><span style="color: #c00000; font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td colspan="2" style="background: rgb(255,242,204); border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 88.2500pt;" valign="center" width="117"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="color: #c00000; font-family: Calibri; font-size: 12pt;">Expense Ratio</span></b><b><span style="color: #c00000; font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,242,204); border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">1 year</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,242,204); border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">2 years</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,242,204); border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">3 years</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,242,204); border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">5 years</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="background: rgb(255,242,204); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<br /></div>
</td><td style="background: rgb(255,242,204); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 11pt;">Regular</span></b><b><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,242,204); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 11pt;">Direct</span></b><b><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,242,204); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td><td style="background: rgb(255,242,204); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div class="MsoNormal">
<br /></div>
</td><td style="background: rgb(255,242,204); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="background: rgb(255,242,204); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">NIFTY 100 Equal Weight</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">-10.9%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">2.1%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">12.8%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">Principal Nifty 100 equal weight fund</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.6</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.5</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">-6.36</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">10.54</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">Sundaram Smart Nifty 100 equal weight fund</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">1.46</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.46</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">-7.39</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="margin-left: 12pt; text-indent: 0pt; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">NIFTY 50 equal weight index</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">-3.98%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">29.18%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">30.58%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">11.47%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">DSP Equal Nifty 50 Fund</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.9</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.4</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">-3.33</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="margin-left: 12pt; text-indent: 0pt; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">NIFTY 100 Quality 30 TRI</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">-2.18%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">Edelweiss ETF Nifty 100 quality 30</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.26</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">NA</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">5.54</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="margin-left: 12pt; text-indent: 0pt; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">NIFTY 100 Low volatility 30</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div class="MsoNormal">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div class="MsoNormal">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">6.27%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">12.90%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">17.15%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">16.81%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">ICICI Pru Nifty Low Vol 30 ETF</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.42</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">NA</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">6.22</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="text-indent: 6pt; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">NIFTY 50 Value 20 TRI</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div class="MsoNormal">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div class="MsoNormal">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">13.68%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">18.64%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">21.34%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">15.84%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">ICICI Pru NV20 ETF</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.15</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">NA</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">12.87</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">17.77%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">Reliance ETF NV 20</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">0.16</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">NA</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">13.25</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">18.15%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">18.88</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">Kotak NV 20 ETF</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">NA</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">NA</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">13.42</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">18.36%</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">20.96</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="margin-left: 12pt; text-indent: 0pt; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">NIFTY 200 Quality 30 TRI</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">-9.60%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">3.70%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">14.47%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="background: rgb(255,217,102); border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">14.13%</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 20.2500pt;"><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: none; border-top: none; mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.1000pt;" valign="center" width="172"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">SBI ETF Quality </span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: 1.0000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: 0.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 40.4500pt;" valign="center" width="53"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 12pt;">NA</span><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: none; border-top: none; mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.8000pt;" valign="center" width="63"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: none; border-top: none; mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.6000pt;" valign="center" width="68"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: none; border-top: none; mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.3500pt;" valign="center" width="69"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: none; border-top: none; mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 46.4000pt;" valign="center" width="61"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.4500pt;" valign="center" width="68"><div class="MsoNormal">
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</tbody></table>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Dealing in Index funds is easy, though the expenses are somewhat higher than that of ETFs. Liquidity is assured here as the Fund House is the counterparty. </span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Regular investments are easy in Index Funds and Demat accounts are not needed. The negative currently is that there are index funds tracking very few indices.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">ETFs are available around a plethora of indices which is the major attraction. The expenses charged to it is very low too. It is traded on the stock exchange like a security. Liquidity is currently an issue in ETFs, though Fund houses have market makers for their ETFs. </span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Regular automated investments are not always possible and depend on the platform provider. Lastly, unified reporting along with other MFs is a problem as this data is from a different platform.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Also, till recently, actively managed funds in India were able to outperform Index funds. But, the tide has turned and index funds / ETFs have the potential to outperform actively managed funds. Hence, in spite of the downsides, this is expected to gain traction. In time, many more index funds will also get launched & liquidity issues will also hopefully get addressed.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="color: #843c0b; font-family: Calibri; font-size: 11pt;">Smart-beta funds</span></b><b><span style="color: #843c0b; font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></b></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">There is another category called Smart beta funds which are of recent vintage. These are somewhat tweaked versions of existing Index Funds. </span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">For instance, a smart-beta fund can be created by tweaking Nifty 50 Index components and alloting the same weight for all underlying stock constituents. This smart-beta index is called Nifty 50 Equal Weight Index. </span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">There are many other smart-beta indices like Nifty 50 Value 20, Nifty 100 Quality 30, Nifty 100 Low Volatility 30 etc.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Many of these indices are seen to be performing better than Nifty 50 as this index is not truly reflective of the Indian economy & the true dynamism may be better captured in a smart-beta index.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="font-family: Calibri;">The performance of a couple of Smart beta funds as compared to the main index -</span></b><b><span style="font-family: Calibri;"><o:p></o:p></span></b></div>
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<b><span style="font-family: Calibri; font-size: 11pt;">Table 1</span></b><b><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></b></div>
<table border="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; margin-left: 4.6500pt; mso-padding-alt: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; mso-table-layout-alt: fixed; width: 339.7500pt;"><tbody>
<tr style="height: 16.5000pt;"><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 147.8000pt;" valign="center" width="197"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">1 year</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">2 years</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">3 years</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.9500pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">5 years</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 14.3000pt;"><td style="border-bottom: none; border-left: 1.5000pt solid rgb(0,0,0); border-right: none; border-top: none; mso-border-left-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 147.8000pt;" valign="center" width="197"><div class="MsoNormal" style="margin-left: 0pt; text-indent: 6pt; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">Index</span></b><b><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></b></div>
</td><td style="border-bottom: none; border-left: none; border-right: none; border-top: none; padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: none; border-top: none; padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: none; border-top: none; padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.9500pt;" valign="center" width="63"><div class="MsoNormal">
<br /></div>
</td></tr>
<tr style="height: 15.8000pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 147.8000pt;" valign="center" width="197"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">NIFTY 50 TRI</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">2.39%</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">10.36%</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">15.84%</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.9500pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">11.81%</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td></tr>
<tr style="height: 15.8000pt;"><td style="border-bottom: none; border-left: 1.5000pt solid rgb(0,0,0); border-right: none; border-top: none; mso-border-left-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 147.8000pt;" valign="center" width="197"><div class="MsoNormal" style="text-indent: 6pt; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 12pt;">Smart Beta Indices</span></b><b><span style="font-family: Calibri; font-size: 12pt;"><o:p></o:p></span></b></div>
</td><td style="border-bottom: none; border-left: none; border-right: none; border-top: none; padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: none; border-top: none; padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: none; border-top: none; padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.9500pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td></tr>
<tr style="height: 14.3000pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 147.8000pt;" valign="center" width="197"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">NIFTY 50 Value 20 TRI</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">13.68%</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">18.64%</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">21.34%</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.9500pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">15.84%</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td></tr>
<tr style="height: 15.8000pt;"><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 147.8000pt;" valign="center" width="197"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">Nifty 50 Equal Weight Index</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">-3.98%</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">29.18%</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 48.0000pt;" valign="center" width="64"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">30.58%</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 47.9500pt;" valign="center" width="63"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Calibri; font-size: 11pt;">11.47%</span><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></div>
</td></tr>
</tbody></table>
<div class="MsoNormal">
<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Note - Data as on 25/2/2019</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">This data in Table 1 shows that Nifty 50 Value 20 has done wonderfully well across all time-frames, as compared to NIFTY 50. </span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Nifty 50 Equal Weight Index performance as compared to Nifty 50 is lower in one year period, significantly higher in 2 & 3 year periods and marginally lower in the 5 year period, which indicates uneven performance and volatility.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: Calibri; font-size: 11pt;">Table 2</span></b><b><span style="font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></b></div>
<table border="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; margin-left: 4.6500pt; mso-padding-alt: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; mso-table-layout-alt: fixed; width: 339.7500pt;"><tbody>
<tr style="height: 16.5000pt;"><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.5000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.8000pt;" valign="center" width="173"><div class="MsoNormal">
<br /></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 53.2500pt;" valign="center" width="71"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Arial; font-size: 10pt;">1 year</span></b><b><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></b></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.5000pt;" valign="center" width="70"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Arial; font-size: 10pt;">2 years</span></b><b><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></b></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.7500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Arial; font-size: 10pt;">3 years</span></b><b><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></b></div>
</td><td style="border-bottom: 1.5000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: 1.5000pt solid rgb(0,0,0); mso-border-bottom-alt: 1.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.4500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Arial; font-size: 10pt;">5 years</span></b><b><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 16.5000pt;"><td style="border-bottom: none; border-left: 1.5000pt solid rgb(0,0,0); border-right: none; border-top: none; mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.8000pt;" valign="center" width="173"><div class="MsoNormal" style="vertical-align: middle;">
<b><span style="font-family: Arial; font-size: 11pt;"> Index</span></b><b><span style="font-family: Arial; font-size: 11pt;"><o:p></o:p></span></b></div>
</td><td style="border-bottom: none; border-left: none; border-right: none; border-top: none; padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 53.2500pt;" valign="center" width="71"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: none; border-top: none; padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.5000pt;" valign="center" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: none; border-top: none; padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.7500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: none; border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.4500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td></tr>
<tr style="height: 16.5000pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.8000pt;" valign="center" width="173"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Arial; font-size: 10pt;">Nifty 100 TRI</span><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 53.2500pt;" valign="center" width="71"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 10pt;">-3.74%</span></b><b><span style="font-family: Calibri; font-size: 10pt;"><o:p></o:p></span></b></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.5000pt;" valign="center" width="70"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 10pt;">7.81%</span></b><b><span style="font-family: Calibri; font-size: 10pt;"><o:p></o:p></span></b></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.7500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 10pt;">15.59%</span></b><b><span style="font-family: Calibri; font-size: 10pt;"><o:p></o:p></span></b></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: 1.0000pt solid rgb(0,0,0); mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.4500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<b><span style="font-family: Calibri; font-size: 10pt;">13.38%</span></b><b><span style="font-family: Calibri; font-size: 10pt;"><o:p></o:p></span></b></div>
</td></tr>
<tr style="height: 16.5000pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: none; border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.8000pt;" valign="center" width="173"><div class="MsoNormal" style="vertical-align: middle;">
<b><span style="font-family: Arial; font-size: 11pt;"> Smart-beta Indices</span></b><b><span style="font-family: Arial; font-size: 11pt;"><o:p></o:p></span></b></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: none; border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 53.2500pt;" valign="center" width="71"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: none; border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.5000pt;" valign="center" width="70"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: none; border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.7500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-right-alt: 1.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.4500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td></tr>
<tr style="height: 16.5000pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.8000pt;" valign="center" width="173"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Arial; font-size: 10pt;">Nifty 100 Low volatility 30</span><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 53.2500pt;" valign="center" width="71"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Arial; font-size: 10pt;">6.27%</span><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.5000pt;" valign="center" width="70"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Arial; font-size: 10pt;">12.90%</span><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 51.7500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Arial; font-size: 10pt;">17.15%</span><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.5000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 1.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.4500pt;" valign="center" width="69"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Arial; font-size: 10pt;">16.81%</span><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></div>
</td></tr>
<tr style="height: 16.5000pt;"><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: 1.5000pt solid rgb(0,0,0); border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: 1.5000pt solid rgb(0,0,0); mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 129.8000pt;" valign="center" width="173"><div class="MsoNormal" style="vertical-align: middle;">
<span style="font-family: Arial; font-size: 10pt;">NIfty 100 Equal Weight</span><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 53.2500pt;" valign="center" width="71"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Arial; font-size: 10pt;">-10.92%</span><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></div>
</td><td style="border-bottom: 1.0000pt solid rgb(0,0,0); border-left: none; border-right: 1.0000pt solid rgb(0,0,0); border-top: none; mso-border-bottom-alt: 0.5000pt solid rgb(0,0,0); mso-border-left-alt: none; mso-border-right-alt: 0.5000pt solid rgb(0,0,0); mso-border-top-alt: 0.5000pt solid rgb(0,0,0); padding: 0.7500pt 0.7500pt 0.7500pt 0.7500pt; width: 52.5000pt;" valign="center" width="70"><div align="center" class="MsoNormal" style="mso-pagination: widow-orphan; text-align: center; vertical-align: middle;">
<span style="font-family: Arial; font-size: 10pt;">2.07%</span><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></div>
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<span style="font-family: Arial; font-size: 10pt;">12.77%</span><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></div>
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<span style="font-family: Arial; font-size: 10pt;">NIFTY 100 Quality 30 TRI</span><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></div>
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<span style="font-family: Arial; font-size: 10pt;">-2.18%</span><span style="font-family: Arial; font-size: 10pt;"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Note - Data as on 25/2/2019</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">In the above Table 2, we see that Nifty 100 Low volatility 30 Fund has done well across time frames. Even here, the Equal Weight Index is doing poorly as compared to Nifty 100 TRI.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="color: #843c0b; font-family: Calibri; font-size: 11pt;">The Smart-beta funds advantage</span></b><b><span style="color: #843c0b; font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></b></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">The concept of Smart-beta is to apply a screen over an existing index and tweak it, so that it can offer better returns as compared to the parent Index. This combines the benefits of a passive strategy with some element of active strategy as well.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">The core indexing concept along with the optimisation overlay does not push up the costs much. These smart-beta funds are hence expected to operate at the efficient frontier of active & passive strategies - offering better risk adjusted returns at low costs.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Most of the smart-beta indexes are today available for subscription only as an Exchange Traded Fund ( ETF ). Index schemes are not yet available, though it may make an appearance in future.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="color: #843c0b; font-family: Calibri; font-size: 11pt;">Should one invest in Smart-beta funds?</span></b><b><span style="color: #843c0b; font-family: Calibri; font-size: 11pt;"><o:p></o:p></span></b></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">The fact that Smart-beta funds are seeking to offer an excess return over the chosen base index by following some overriding strategy within the fund, bring in a certain element of risk. </span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">For instance, </span><b><span style="font-family: Calibri;">NIFTY 50 Value 20 </span></b><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">is a smart-beta index, created by casting a layer of financial parameters over NIFTY 50 - like Return on Capital Employed ( ROCE ), Price Earnings Ratio ( PE ), Price to Book Value ( PB ), Dividend Yield ( DY ). This smart-beta index has done well across the tenures, till five years as compared to NIFTY 50 TRI. </span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">This shows that these financial metrics are indeed relevant & directly affect the price of the stock. Also, since the metrics are applied here based on predefined parameters, the fund manager subjectivity is avoided in this.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="font-family: Calibri;">NIFTY 100 Low Volatility 30 </span></b><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">is a smart-beta index constructed by assigning weights to the equities based on their volatility. The chosen 30 lowest volatile stocks are assigned the highest weightage.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">It is interesting to note that low volatility has such high correlation to good returns in all time periods, upto five years. On the face of it, one would not have seen any direct linkage at all. But this smart-beta index has outperformed NIFTY 100 TRI across time frames.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Smart-beta fund risk is expected to be lower than that of an actively managed fund. In a portfolio comprising of actively managed funds & passive funds, smart-beta ETFs will be positioned in between. Since it has the potential to beat the index at low cost ( less than 0.5% annual expense ratio ) & the active strategy portion is just a well-thought out formula, it makes sense to consider investing here. There are atleast two credible ones as seen before.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Which other Smart-beta funds will be launched in future is a factor of market maturity, demand for such products & an enabling environment that supports the growth of such products. The moment for passive funds will come soon - that is for certain.</span><span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">#PassiveInvesting #PassiveFunds #SmartbetaFunds #ETFs #IndexInvesting</span></div>
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<span style="font-family: Calibri;">- Article by Mr. Suresh Sadagopan, Founder, <a href="https://ladder7.co.in/working-with-a-fee-only-financial-planner/" target="_blank">Ladder7 Financial Advisories</a></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-79381845452596256472019-02-26T00:00:00.000-08:002019-02-26T00:24:23.261-08:00The Aloha that is Philanthrophy<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisI7T_LWEV6xHnruiGozr0WndcXnWC-IfmP_eSnQIHVp0Fjr5Ou_cxt7WIBzgbCwhyphenhyphent0PBsrT9xrMcswyf0mDLWiZkvAn304JgC48Fg4aTL6BWh-YcBLLk-NlmGU-FJ-sGyC69hQ/s1600/donations-ojogabonitoo-istock-thinkstockphotos-531886785_0.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="400" data-original-width="770" height="331" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisI7T_LWEV6xHnruiGozr0WndcXnWC-IfmP_eSnQIHVp0Fjr5Ou_cxt7WIBzgbCwhyphenhyphent0PBsrT9xrMcswyf0mDLWiZkvAn304JgC48Fg4aTL6BWh-YcBLLk-NlmGU-FJ-sGyC69hQ/s640/donations-ojogabonitoo-istock-thinkstockphotos-531886785_0.jpg" width="640" /></a></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Wealth is a reservoir we build over our lifetimes. We build it with a combination of hard work, industriousness, ingenuity, astute investments & other factors. Capabilities, risk-taking abilities, business sense & people skills may all contribute to one</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">’s success. </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Some of us are more successful here than others and we get to enjoy the fruits of our wealth in our lifetimes. The point to keep in mind is that at least one of the reasons for success is a society that has been supportive & has allowed one to build wealth. Luck plays a role too in one</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">’s success. While some build wealth this way, some inherit wealth.</span></div>
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<b><span style="font-family: "calibri";">Wealth lockup -</span></b><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"> Wealth gets created in one generation & gets carried on to future generations. The one who created the wealth might have had all the qualities which makes a person successful & wealthy. The ones inheriting the wealth may not be as capable or competent. It is an irony of life that in spite of this, they will enjoy the wealth for which they contributed nothing. They enjoy that just because they came from the right womb!</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">The wealth passage over generations is a well-accepted concept that it does not even occur to us to question it. However, it is an unfair arrangement where generations of inheritors enjoy wealth due to just being born in that family & due to no other merit. </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">In the entire animal kingdom, there is no inheritance of any sort possible. A tiger cannot pass on its territory to its cubs - there is no dynasty it can create. In fact, animals don’t even store food for future ( with few exceptions ). The animal kingdom runs on capabilities & not on entitlements. We are supposed to be superior to animals and yet we have regressed to a system that perpetrates entitlements, stifles ambition & inhibits individual initiative.</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="font-family: "calibri";">Wealth Circulation -</span></b><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"> When water gets stored in a pond, it starts stinking after a point, as it is stagnant water. This does not however happen in a river. Water needs to flow for it to remain in proper, good condition. Wealth is like water. If it gets locked up, it becomes moribund & unproductive. </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Wealth needs to be well managed to stay healthy. It should be put to proper use and should be productively deployed. In the hands of a capable scion, this will no doubt happen. But in many cases, the inheritors are clueless & are not interested in managing wealth. They are more interested in living off the wealth without ever knowing how to generate that wealth or even manage it. </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="font-family: "calibri";">Enlightened views -</span></b><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"> This is understood by enlightened individuals who want to give back what they have been able to create to the society, instead of allowing their children to just live off the wealth like parasites. People like Bill Gates and Warren Buffett are just two such individuals who have committed most of their wealth to charitable causes. These people acknowledge that they have benefited immensely from the society & want to give back what they have been able to build. This is an enlightened view which is gaining currency. </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">When these successful people create charitable endowments, they lend their success template to the causes they support. They become ambassadors to some causes which in turn energises many more to come & join that effort. This creates a multiplier effect where there is substantial contribution from these successful people which becomes much bigger as more and more people join in. Hence what such people start becomes a much bigger effort than what they could have individually created. </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Colleges/ hospitals we have all benefited from have been created by such people which benefits the society at large. Often times, it is not always someone who is super wealthy who does it. It is someone who wants to do something good for the society who started it. Organisations which such people create start small & over time grow into mammoth institutions. Almost half of all institutions world over have been started this way. </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="font-family: "calibri";">Wealth as Aloha -</span></b><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"> Money is important today. But beyond a point, wealth does not have much meaning. A person who is hungry can eat only so much. When one’s desires are all satisfied, wealth becomes just a cash stash. We cannot carry our wealth to the grave. For a person who has everything, the pleasure of giving or the satisfaction of creating something that will outlive them, is a great motivator. </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Respect in society does not come with wealth; it comes when a wealthy person is willing to open his purse to give a hand to others who are not so favourably placed. Such wealthy people are not seen with the eyes of envy, resentment & jealousy. They become the enlightened souls whom the society idolises and looks up to. They are seen as people who are willing to spread aloha and build a more just society. </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">There is immense joy in giving. All those people who have built schools/ colleges & hospitals find joy in giving. They are those grateful people who want to thank the society that gave them everything - by giving back. They are the ones who want to pass back the blessings ( or Aloha ) to everyone else.</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Only when one gives, will one feel that immense sense of satisfaction and that warm glow that fills the heart. The best way to know how it feels is through first-hand experience. No one can describe the thrill of hang gliding to someone who has never ever done it. Philanthropy is also like that.</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="font-family: "calibri";">Give a hand -</span></b><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"> Philanthropy is the best way to deploy one’s wealth after all the legitimate aspirations have been met. It’s the best way to thank all the people who have helped one in various ways to do well, to accumulate wealth. It’s the only way to create a just society ( instead of cribbing & carping about what a warped society we have ).</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">It is wrongly believed by most that giving will come when we have enough. But, for most of us, that enough never seems to be enough! So, when does one start giving - when one has Rs.5 Crores, Rs.50 Crores, Rs.500 crores? </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Each one of us can always give something from what we have, if only we want to. Philanthropy is a state of mind. It is never about how much we own. The quantum does not matter; it is the thought that matters. It is about wanting to help another, about caring, about empathy. It is about leaving behind a better place & a more just society than what we had inherited. It is about thinking beyond ourselves. It is selflessness. </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Don’t we want to experience the sublime? Try Philanthropy. It can change transform you- for the better!</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span><br />
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Article by Suresh Sadagopan - Founder, <a href="https://ladder7.co.in/working-with-a-fee-only-financial-planner/" target="_blank">Ladder7 Financial Advisories</a></span><br />
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-17490889361463317132017-12-16T01:51:00.000-08:002017-12-16T01:51:04.896-08:00A steady income to the family, even after you are gone!<div dir="ltr" style="text-align: left;" trbidi="on">
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Insurance is for providing security. In life insurance, this fundamental fact had all but been forgotten. But recently, term insurance has got a lease of life. This inspite of the fact that most insurance agents are not very keen to sell term insurance as the premium is low, medical requirements are high, chance of rejection or extra premium is real etc. However, financial planners, bloggers & media has been spearheading the virtues of opting for pure insurance policies. Hence, in the past few years, things have changed dramatically.</div>
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Online term insurance has become mainstream & opting for term insurance itself, has become fairly commonplace. Sensing this opportunity, many insurance companies have come out with variants of term insurance policies, which enrich the landscape of pure term plans.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Joint life term policies -</span> Recently, Joint term life policies for both the spouses under one plan, have been introduced by a few insurance companies. The logic here is that if both of them are working, they can go for one insurance policy for both. Taking the policy together does not confer any special benefit. The premium goes down by just a small amount and is not really a factor.</div>
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The life insurance requirement can change over time. For instance, the spouse may stop working and she may no longer require any life insurance. Had she taken a separate product, she could just have stopped paying the premium and terminate the product. But in a joint product, it cannot be done as the other spouse, the husband, would still require the cover. Hence, in this scenario, the cover will have to be retained & unnecessary premiums need to be paid.</div>
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Also, in the unfortunate even of separation, this policy cannot be separated. Infact, one may have to close this policy completely and take up new policies, which is probably not the best option.</div>
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This product hence works emotionally and does not have real merit.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Term plans with benefits distributed overtime -</span> There are other variations of term insurances, which can be useful. Usually term insurance offers to pay the Sum Assured in the event of a claim. In case of term insurance policies, the amount involved can be quite significant – like, say, Rs.1 Crore. If the sum available from the policy is deployed prudently, it could be useful in meeting the goals, as well as for providing for ongoing expenses. But, in some situations, the claim proceeds may not be prudently deployed. Or it may be frittered away in wasteful expenditure or reckless investments which can result in hardship for the family, going forward.</div>
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Now, there are policies which in the event of death of the policy holder, would offer a certain amount of money ( say 10% of the Sum Assured ) as a lumpsum amount upfront & the balance in monthly installments over 10 or 15 years. This could be invaluable for families. Let’s see why.</div>
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In many families the male member tends to manage the finances. If he were to pass away, there would be a vacuum. In this vacuum, many people tend to step in and try to assist the family. However, the advice offered about finances may not always be sound and the financial wellbeing of the family can deteriorate significantly. This is a possibility.</div>
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In such a scenario, a term policy which offers staggered payments over 10 or 15 years will ensure that the family will get regular income over time. Even in a situation where the initially available corpus is compromised and lost, the consistent income overtime will help the family to stabilize, live with dignity & meet all upcoming goals.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Further variations & options -</span> Now, there is a variation of this policy too. The variation is that it offers an increasing payout every year for the agreed tenure of the payment. This is to adjust payouts to account for the effects of inflation.</div>
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There is another feature some of the term plans have. There is an option to increase the Sum Assured at the occurrence of predetermined life events like marriage of self, arrival of a child etc. This would happen without medical examination, upto a particular level. The premium would be set as per the prevailing age and premium tables. This could be very useful as one need not look around for another separate policy to account for increased insurance needs in the future.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Term plans linked to child goals -</span> Child plans have been a hit with parents as they want to ensure that the education and other goals of their children can proceed uninterrupted, even if they are no more. These policies tend to be costly.</div>
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Now, term plans have stepped into the breach and are offering similar benefits like a typical child plan would. In case of plans which have this benefit, a certain portion of the Sum Assured ( say 50% ) is paid in the event of death of the Life Assured. The balance is paid on a monthly basis, at agreed levels, till the age 21 of the child. This would ensure that the child education or other goal will proceed uninterrupted.</div>
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The period of payout will be based on the timing of the death of the Life Assured. For instance, if the policy holder passes away when the child is 18 years of age, the regular payouts will only be for three years ( till age 21 of the child ). Hence, the monthly payout period can be much lower than in the other option discussed earlier ( where one will get monthly payment consistently for 10/ 15 years ). In the event the initial available money is frittered away, the regular monthly income can be for a much shorter period, which can be a problem area. Else, this is a great option and is a viable alternative to costly child plans.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Tax implications -</span> Though the amount is coming over time just like in case of a pension product, the monthly payouts are not taxable as it is still death claim payout, even if it is over a period of time. Only the investment returns of any deployed amount would be taxed as applicable. There is a positive in receiving the payout over time.</div>
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Since the payouts are going to come over time and most of it is going to be spent as they come, taxes will not be there in the future years based on investment income generated ( or it will be low ) from the regular payouts.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Conclusion –</span> Insurance industry has innovated wonderfully in the term plan space. First they came up with the online term plan option. Now they have come up with a pail full of variants that have great merit. The common man is finally able to ensure that his family will be well protected – in his afterlife too! His benevolent presence will be felt long after he is gone!</div>
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Article first published on Linkedin: <a href="https://www.linkedin.com/pulse/steady-income-family-even-after-you-gone-suresh-sadagopan-cfp-cm/" target="_blank">A steady income to the family, even after you are gone! </a></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-10844843728677408202017-12-13T11:00:00.000-08:002017-12-16T02:21:52.633-08:00Staying with it & not straying…<div dir="ltr" style="text-align: left;" trbidi="on">
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Is it possible to ever predict which product will give the best returns in the next one year? It’s very difficult, almost impossible. However, market timing is somehow seen as the one thing that one needs to get right for financial success. Chasing returns and investing in instruments which offer the most returns in the recent past, is a favourite among investors.</div>
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However, most fail here. People latch on to a theme after it has run up quite a bit, in the process their timing of entry is really wrong. When the market turns, they do not exit and wait till it almost bottoms out - when they panic and want to exit. And then they sulk, lick their wounds and vow never to go near that asset again. Then they see another one which has risen and glitters on the horizon. They are not interested. The new asset builds up heft and is blazing forth a trail that is lighting up the country. Now the interest builds up & the thought comes up - is this the <em style="background: 0px 0px; border: 0px; box-sizing: inherit; font-family: Georgia, "Source Serif Pro", serif; font-size: 0.975em; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">kamadhenu</em> they were waiting for all along. And then the same pattern repeats, like before!</div>
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This has happened with Equity, FDs, gold, real estate… and now with bitcoins!</div>
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We as financial planners have seen that it is seldom that important to achieve high returns to achieve one’s goals. What is important is discipline & regularity in investing & a good choice of products according to one’s risk profile. In short, the asset allocation mix should be right.</div>
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Every person is comfortable only with a certain level of risk. The portfolio needs to be tailored based on their propensity to assume risk. This is ofcourse only one of the parameters to consider. The others are - number of years to retirement, age & life stage, their time horizon for investment, what their goals are & when their goals are coming up, the dependencies they have on their income & so on.</div>
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Based on this, we decide on the asset allocation most suited to a person. We call that <span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><em style="background: 0px 0px; border: 0px; box-sizing: inherit; font-family: Georgia, "Source Serif Pro", serif; font-size: 0.975em; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">strategic asset allocation</em></span>. This is probably what would work best for them. Sometimes, we may want to somewhat deviate from this core allocation and add assets that could take one away from the strategic asset allocation. That may be done to temporarily increase allocation on an opportunistic basis. For instance, one can have a somewhat higher allocation to equity as compared to the desired level at retirement, as these assets may be required only after 10 years. This is called <span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><em style="background: 0px 0px; border: 0px; box-sizing: inherit; font-family: Georgia, "Source Serif Pro", serif; font-size: 0.975em; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">tactical asset allocation</em></span>. </div>
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Tactical allocation may be used from time to time; but it needs to be used carefully. The deviation from the strategic allocation should not be too much. A 10-15% deviation should be fine; but a 50% deviation would not be.</div>
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There is another reason to stay near the strategic asset allocation - that is the true comfortable allocation. The farther one deviates from it, the greater the chances of making mistakes - one may panic & exit, when the markets turn rough. For instance, when someone who is conservative by nature has added too much equity in one’s portfolio, would probably panic and sell when the stock markets drop by 20%. This would be hardly be in their best interests.</div>
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That’s the reason why we as advisors we give importance to asset allocation. Chasing various products is counterproductive. Various products give returns at various points. One needs to have the product in the portfolio to benefit from any upsides. A good, diversified portfolio that is in line with one’s risk appetite and needs is hence the best bet for a person. We have seen that most client’s goals can be achieved at just 9% posttax returns for the portfolio. If there is a need for very high return to achieve the goals, the goals have to be looked into - not the portfolio!</div>
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Getting the asset allocation right & not deviating from it too much, is the way to a well funded future. Stay with it - don’t stray. Sounds boring, I agree. But, truth is generally boring.</div>
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Is that the reason, why we find so less of it in life? :) </div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-23153101967534666422017-12-08T16:00:00.000-08:002017-12-16T03:43:41.288-08:00Advisors vs distributors <div dir="ltr" style="text-align: left;" trbidi="on">
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There are several instances where we use consultants—we consult doctors, lawyers, architects, chartered accountants, and many others, as may be necessary. For instance, we go to a doctor when there is some bodily ailment and confide in her the problems we are experiencing. She would question, examine, analyse and arrive at a conclusion about the possible cause of the sickness. Then she would prescribe medicines. A fee is paid for her advice and the patient goes to a chemist and buys the medicines.</div>
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Let’s look at the alternate scenario. Everything is the same, but the doctor does not charge her fee. Instead, she asks the patient to buy certain medicines from a particular chemist. The doctor would get a cut on the price of medicines prescribed. Which doctor would you want to use, even if what you may pay overall is the same? The answer is self-evident. This example has been used to illustrate true, unconflicted advice versus advice where conflict is inherent and fully present.</div>
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Distributors have a role to play in the financial services ecosystem. There would be many customers who are looking at a basic level of engagement, which can be met by a distributor. However, a distributor is not the same as an adviser, and this is the distinction that consumers at large need to understand.</div>
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Differences</h2>
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Distributors of financial instruments generally give advice and sell products that their clients need and are remunerated indirectly in the form of commission, which is embedded in the product they sell. On the other hand, fee-only advisers offer advice and charge a fee directly to the client. The argument is that the “only difference” between the two is the way they are remunerated for their advice. But are these two the same? They are not. Here’s how they are different.</div>
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<b>Representation:</b> Distributors represent their principal. They sell products of their principal to clients based on their own “advice”. Their remuneration is going to come from their principal, based on the products sold. A fee-only adviser represents only the client and is independent in this regard.</div>
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<b>Conflict of interest:</b> In such a scenario, there is certainly a possibility that distributors may sell the product that is most remunerative to them. Since they offer advice as well as products, there is a possibility that the product is not the best from the client’s viewpoint. So the issue is not how distributors get their remuneration, but the conflict of interest.</div>
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A fee-only adviser, on the other hand, offers advice for a fee. Hence, the judgement would only be based on what is in the client’s best interest as the client is the paymaster in this case.</div>
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<b>Different standards:</b> As distributors they need to follow the suitability standard, where they can sell the principal’s product if it is broadly suitable to the client's requirements. By this standard, they have done their job even if the product suggested is not the one with the least cost in the category or offers lower benefits in comparison to others in the category. Also, they need not worry about other categories of products which may be more suitable to the clients.</div>
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Fee-only advisers, who are registered investment advisers (RIAs) with the Securities and Exchange Board of India (Sebi), follow the fiduciary standard. The adviser is expected to put the client’s interest first, even above their self-interest. Thus, such advisers are bound to suggest products that best suit their client’s interests. They also follow higher standards of certification, documentation and compliance requirements, which again is in client’s interest.</div>
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It is, hence, clear that the difference between a distributor and a fee-only adviser is not just a matter of how they are remunerated, as various financial services intermediaries tend to argue in every conference or event. Doing so is obfuscating facts for pecuniary ends. Some veterans also opine that the regulator does not understand this and other “ground realities”. I would argue that the regulator is fully cognizant of the ground realities and that is precisely why it is tightening regulations. Self-regulation, I have heard, does not work well, globally.</div>
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Regulators need to protect investors from being taken for a ride. They may rub the entrenched participants the wrong way as tightening rules may affect incumbents adversely. But regulators have to play their role keeping in mind the larger interests. (To read the Sebi consultation paper on investment adviser regulations, go here: <i><a href="http://bit.ly/2sX9amO">http://bit.ly/2sX9amO</a></i>).</div>
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In a nutshell, distributors (or agents) represent the principal and not the client. This leads to an inherent conflict of interest. Also, they follow the lower suitability standard, which as we have seen, is not in investor's best interests. Fee-only advisers represent their clients, have no or lower conflict of interest, and follow a fiduciary standard. Those are the differences and they are significant from the investors’ view point. </div>
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<span style="font-size: small;"><a href="http://www.livemint.com/Money/97nhkfhW3ueKnvNdaKotXJ/Advisers-vs-distributors-theres-more-to-it-than-only-remun.html" target="_blank">Advisers vs distributors: there’s more to it than only remuneration</a></span></h1>
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Also Read: </div>
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<a href="http://ladder7fa.blogspot.in/search?q=should+you+pay+for+a+financial" target="_blank">Should you pay for financial advice?</a></div>
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<a href="http://ladder7fa.blogspot.in/2015/11/good-advice-can-make-all-difference.html" target="_blank">Good advice can make all the difference</a></div>
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<span style="color: #c00000; font-family: "calibri"; font-size: 14.0000pt;">Author - Suresh Sadagopan | Founder | </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="color: #c00000; font-size: 14pt;">www.ladder7.co.in</span></u></a><span style="color: #c00000; font-family: "calibri"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14.0000pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-43974845388016324102017-12-08T14:00:00.000-08:002017-12-16T03:56:20.435-08:00In the Investors' best interest<div dir="ltr" style="text-align: left;" trbidi="on">
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There are very few people in life whom you could confidently say to be acting in your best interests. Mostly, people act in their own interests - which ofcourse is natural. The ones who act naturally in your best interests can be counted on the fingers. Your own parents, spouse, siblings may act in your best interest. Beyond that, finding those who have ones interest at heart is going to be difficult. The problem is that these people cannot advice you in all areas. So, there is a need to confide in others, in certain areas.</div>
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We go to a doctor for health issues. We have no other option. The doctor acts in your best interest and charges a fee for advice. The same is true with a lawyer, who represents his client in the court of law. These professionals represent their clients and act in their best interests. This is the concept of Fiduciary care.</div>
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A <a href="http://www.ladder7.co.in/about_us/fiduciary_care" rel="nofollow noopener" style="background: 0px 0px transparent; border: 0px; box-sizing: inherit; color: #827be9; margin: 0px; padding: 0px; text-decoration-line: none; touch-action: manipulation; vertical-align: baseline; word-wrap: break-word;" target="_blank">Fiduciary</a> is someone who puts the client interest ahead of everything, including their own self interest. This is so comforting, especially in specialised domains, as the family cannot help anyway.</div>
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There was a domain where fiduciaries were marked by their absence - financial services. But over the years, legislation all over the world have been moving towards giving the customers at large an option to access advice, which is in their best interest. Some countries like Netherlands and UK have even dismantled commissions on products and has moved to a fee-only advisory model to make the advice conflict-free. There has been charges that, due to this, some of the clients who were serviced earlier by product sellers have become “orphaned”. While there may be some merit in the criticism, there is merit in what the regulators in those countries have done as well. They wanted to put in place a fiduciary advisory structure.</div>
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In India, SEBI has brought in Investment Adviser Regulations in 2013, where they have sought to create a new breed of advisors who will be Fiduciaries, would advice clients for a fee, not depend on commissions from product sales & have least conflict of interest. Any conflicts of interest that may be there like commission income arising out of past assets, referral fees from other professionals etc. would need to be disclosed to the client.</div>
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There are just over 700 Registered Investment Advisers ( RIAs ) with SEBI. A beginning has been made to offer the clients a choice of the kind of advisor, that they want to have. A SEBI registered adviser will also have to comply higher standards in Education/ experience & Certification, have to undergo yearly process & compliance audits, need to maintain documentation on services provided to clients, do risk profiling & have clear rationale for recommendations made. This is a clear departure from the Caveat Emptor ( Buyer beware ) approach which is prevalent in the financial services space.</div>
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There is another development which has happened about two years back which has given a boost to fee-only Fiduciary practice - Direct plans became available on MF Utility platform and SEBI had directed that the feeds of Direct plans be made available to RIAs. This enabled an investor to access advice from a RIA for a fee and invest in Direct plans, which charge a much lower expense to the scheme. By this, there may not be much cost savings to an investor as a fee is being charged by the RIA separately; but, since the advice & product sourcing are separated, conflicts of interest are avoided.</div>
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Now, investments in Direct plans can be done in multiple ways… one could invest through MF Utility, which is an industry platform that allows one to invest in Direct plans. The other option available is to invest in Direct plans through the MF house’s website itself.</div>
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There are also many online portals which deal in direct plans like Invezta, Orowealth, Unovest, Bharosaclub, Wealthfront, Clearfunds etc., which makes investing in Direct plans easy. Many of these offer a certain level of reporting too, for facilitating proper reporting for the investor. Some of them also offer automated advice ( popularly referred to as roboadvisory ), at a charge. </div>
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In sum, the financial services space is offering more variety to the investor & allows the investor to choose which kind of advisor to engage and which channel one could go to get their products. That is clearly in the best interests of the investors!</div>
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<span style="font-family: "calibri"; font-size: 12pt;"><b>Article first published on Linkedin</b> : </span><span style="font-family: "calibri";"> </span><i style="background-color: white; color: rgba(0, 0, 0, 0.85); font-family: "Source Sans Pro", Helvetica, Arial, sans-serif, "Hiragino Kaku Gothic Pro", Meiryo, "Hiragino Sans GB W3", "Noto Naskh Arabic", "Droid Arabic Naskh", "Geeza Pro", "Simplified Arabic", "Noto Sans Thai", Thonburi, Dokchampa, "Droid Sans Thai", "Droid Sans Fallback", -apple-system, ".SFNSDisplay-Regular", "Heiti SC", "Microsoft Yahei", "Segoe UI";"><a href="https://www.linkedin.com/pulse/investors-best-interest-suresh-sadagopan-cfp-cm/" target="_blank">In the Investors' best interest</a></i></div>
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<span style="color: #c00000; font-family: "calibri"; font-size: 14.0000pt;">Author - Suresh Sadagopan | Founder | </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="color: #c00000; font-size: 14pt;">www.ladder7.co.in</span></u></a><span style="color: #c00000; font-family: "calibri"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14.0000pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-16404025382450878472017-11-20T21:53:00.001-08:002017-11-20T22:42:36.281-08:00The power of Two!<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">A pair is a recurring feature in life. We have a pair of hands, legs, eyes, ears etc. which we take for granted. Take one out & the other is not half as effective. With one eye, we will not get the depth, with one hand a simple thing like tying a shoe lace will be an ordeal. With one leg we would just be hobbling around like, say, Long John Silver!</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">A pair can be very effective & in some cases is complete & will be usable only if it is a pair, like - a pair of scissors, a pair of socks, a pair of jeans etc.</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">In life, we have pairs alright. The institution of marriage pairs up people and makes them constant companions for life. They are to share the joys and sorrows, the ups and downs of life - their life is inextricably linked with each other,the family they create & to the larger, extended family.</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Society has built expectations from males & females. Males are supposed to be the ones who provide for the family & the female aspect is supposed to focus on nurturing, care-giving, taking care of the home front & raising the kids. This cliched expectation is not really valid any longer and they have moved beyond traditional roles and has resulted in increasing participation of women in the workforce.</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Still, women are yet to break off the shackles in one area - money. Finances are seen as a male bastion and most women have simply accepted that as a given. However, their participation in the area of finances would be greatly helpful. Let us see how.</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="font-family: "calibri";">Plans work well when all agree - </span></b><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"> When the husband engages a financial advisor and creates a plan for the family, it may not capture the aspirations of the family correctly. For instance, the lady may have ideas on the child</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">’s education, marriage, home renovation or even a new home at some future point, which may not have been properly factored in the plan. Had the lady participated in the planning exercise, the perspective would have been far more richer. When a plan is created with both spouses present, there is a good alignment & buy-in and the chance of the plan success goes up. Execution of the recommendations happens fully as they have both been party to the plan. </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="font-family: "calibri";">A balanced perspective -</span></b><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"> The man may be the one taking most of the money decisions - may be he is better informed on financial matters & is more involved in planning for the family</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">’s future. When he is the only person involved , the risk inherent in any decision is a factor of his own risk bearing ability & there is a possibility that it is not in line with the required risk for the family. That is where the lady of the house comes in. She has a high stake in the well being of the family. When she too participates, she is a stabilising influence and the plan and the portfolio built will be more in line with what may be most appropriate for the family. </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="font-family: "calibri";">The bugbear called Execution -</span></b><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"> Many well meaning clients who have taken the financial planning seriously, stumble upon the portals of execution. If the client has taken on the mantle of executing the recommendations, it is a onerous exercise which would need diligence & doggedness which a busy executive would find difficult to bring forth. That is where the spouse can play an anchor role. The spouse can take on the executor’s role and can ensure that the plan moves smoothly along recommended lines. In case, they have hired someone to execute, the spouse can play the role of a facilitator & ensure they derive value from the planning exercise.</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<b><span style="font-family: "calibri";">Knowledge empowers -</span></b><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"> Many women may think they are investing in Gold when they are buying ornaments & may think investments in property are the only way to build wealth. They may also have a view that Mutual Funds are & stock markets are gambling dens. Once they start participating, they start understanding the area of finances & the various nuances, enough to break out of outmoded constructs. Over time, they develop enough sophistication & confidence that they understand the domain well enough to take informed financial decisions which will stand the family in good stead.</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Initially they may be unwilling participants. But, over time, we have seen women shaping up wonderfully well, that they become the primary points of contact for anything to do with the family finances. In some cases, they also are the only ones the advisor is interacting with as their spouse is too busy and have developed enough confidence in their abilities to play the anchor role. </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">We have seen it work. Women can play a pivotal role, instead of being a passive spectator when it comes to finances. They say, it takes two to tango. In finances, it works wonderfully - the power of Two!</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Article first appeared on Moneycontrol :</span></div>
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<span style="background-color: white; color: #0065a2; font-family: "fira sans" , sans-serif;"><a href="http://www.moneycontrol.com/news/business/personal-finance-business/the-power-of-two-how-finances-should-be-handled-after-marriage-2433523.html" target="_blank">The power of two: How finances should be handled after marriage</a></span></div>
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<span style="color: #c00000; font-family: "calibri"; font-size: 14.0000pt;">Author - Suresh Sadagopan | Founder | </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="color: #c00000; font-family: "simsun"; font-size: 14pt;">www.ladder7.co.in</span></u></a><span style="color: #c00000; font-family: "calibri"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14.0000pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-51997771144973971572017-11-16T14:00:00.000-08:002017-11-20T23:05:27.073-08:00Living life & loving it!<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Corbel; font-size: 11.0000pt; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">We all think about what life means to us. While thinking about it, I’m reminded of a hindi film song from the movie </span><i><span style="font-family: Corbel; font-size: 11pt;">Aandhi</span></i><span style="font-family: Corbel; font-size: 11.0000pt; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">. This song showcases a slightly different context. </span><span style="font-family: Corbel; font-size: 11.0000pt; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Corbel; font-size: 11.0000pt; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">But, for me, it kind of told the life planning story in a nutshell, which is - A life just lived is life, but truly that’s not the life it was meant to be.</span><span style="font-family: Corbel; font-size: 11.0000pt; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Corbel; font-size: 11.0000pt; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Let’s get to the song -</span><span style="font-family: Corbel; font-size: 11.0000pt; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">Tere bina zindagi se koi shikwa toh nahin</span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;"><br /></span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">Shikwa nahin, shikwa nahi</span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">,</span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;"> shikwa nahin</span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;"><o:p></o:p></span></i></div>
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<i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;"><br /></span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">Tere bina zindagi bhi lekin zindagi toh nahin</span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;"><br /></span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">Zindagi nahin, zindagi nahin</span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">, </span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">zindagi nahin</span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">.</span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;"><o:p></o:p></span></i></div>
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<span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">T</span><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">he above lines translate to -</span><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;"><o:p></o:p></span></i></div>
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<i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">Without you I don’t have any complaints about life,</span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;"><o:p></o:p></span></i></div>
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<i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">No complaints, No complaints, No complaints…</span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;"><o:p></o:p></span></i></div>
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<i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">Without you there is life… but this is not life </span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;"><o:p></o:p></span></i></div>
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<i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">Not life, Not life, Not life.</span></i><i><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;"><o:p></o:p></span></i></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">This song is from the well known movie </span><i><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">Aandhi,</span></i><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"> a typical Indian Political Drama from 1975 played by Sanjeev Kumar and Suchitra Sen as the lead actors. The plot goes like this - A hotel manager and a politician’s daughter fall in love and get married. Due to certain differences, they get separated. Years later, they meet again and decide to give their relationship another chance…</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">The film shows how Sanjeev Kumar ( and Suchitra ) felt that about life and wanted to mend ways by bringing back his lost love, his wife, and get meaning back into his life. We may not all be in the same situation; but don’t we all feel like that about life, sometimes… that the life we are living is a wasted life & has no real meaning.</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">Don’t we all feel like this sometimes- </span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">The life we are living is good by itself with no reason to carp.</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">No real reason to complain, no earthly shortcoming, no pain. </span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">Looking a bit deeply we feel - </span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">But the life we are living is not a life worth living, </span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">not a life worth living, not really a life worth hanging on to.</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<b><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">What’s missing in life?</span></b><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"> How many of us are even willing to examine life seriously ? Many people tell me there is nothing missing. How would we ever know what we are missing,if we fail to contemplate and reflect on how we want our life to be.</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">For instance- Did we ever realise the importance of being connected before we embraced the mobile phone? McKinsey had famously predicted that there is at best a market for 40,000 phones, that too among truck drivers! But mobile phones are everywhere today.</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">We never know what we are missing till we discover what it would be like having it. When Russian people discovered freedom after Gorbachev & then there was an army coup, people came out on the streets to quell the army that was trying to take back their freedom. The army had to retreat in just three days! Once you discover it, it becomes precious & something that one cannot live without! </span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">Lots of times we have securely locked our heartfelt desires deep within, and many times we are unwilling to even acknowledge them. Such instances are common - we do not want our goals to jeopardize our family members dreams, our goals seem too hare brained, the moment for that goal is long gone and so on.</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">But these heartfelt goals/desires that can make our life fulfilling, do not go away. </span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">I</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">f they are unaddressed, they remain deep within us, as a lingering regret, a vacuum in life that could well have been realised which could have resulted in deep contentment and a sense of achievement.</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">The truth is, we all long for the freedom to live our life in the way that would help us achieve our potential, do those things that are meaningful, be that person we always wanted to become- in short, we want to live life to the fullest, with no regrets. How wonderful life will be if this were possible!</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<b><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">But, it is possible.</span></b><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"> Life Planning is a field that has the answers. </span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<b><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;"><a href="http://www.ladder7.co.in/training/life_planning" target="_blank">Life Planning</a> - How does it work -</span></b><b><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"> </span></b><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"> A good life planner would be able to facilitate this process and enable the client to connect with their heart’s core / soul’s purpose & nudge them to take the steps needed to make their new, wholesome, dream-life a reality. That would raise life to an entirely new level, filled with vigour & vitality and a sense of purpose.</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">The primary thing in Life Planning is to understand, what is that one really wants from life. There are exercises and sessions to facilitate this to bring out the true heart’s calling. Once the real goals become evident, the client will be able to develop a new vision of the fulfilling life they can now lead. </span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">T</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">his leads to a surge of excitement and a sense of urgency to move forward rapidly. </span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">T</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">he client may however need to surmount problems in the path leading to such fulfillment. The life planner would play a vital role in keeping the client focused on the end objective and keeping them on course to achieve their ultimate freedom of finding a life worth living, and looking forward from one day to another with excitement.</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">Once these are in place , a financial plan that would be needed to make all these happen, is drawn up. In fact, the life planner would have been working on the financial aspect right from the beginning to ensure that he/she will be able to come up with a workable plan, at the end.</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;">Then the plan is put to action and the recommendations are implemented for the client. The Life Planner would have to stay in touch with the client to ensure that their enthusiasm for the new path they have chosen does not dim and their torch is burning with a steady flame with undiminished intensity.</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<b><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">In a nutshell -</span></b><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"> In the end, we all want to live a life imbued with meaning which liberates us… we crave for real freedom to do the things that would delight us & pump up our energy… We want to become the person we always wanted to be, live to our fullest potential. We always wanted to live a life brimming with vigour, vitality and enthusiasm to look forward to the next day with thrilling anticipation. That’s exactly what life planning can deliver</span><span style="color: #222222; font-family: Corbel; font-size: 10pt; letter-spacing: 0pt;"><o:p></o:p></span></div>
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<b><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;">Life Planning can deliver a life worth living - a life that you would love living! </span></b><b><span style="color: #222222; font-family: Corbel; font-size: 11pt; letter-spacing: 0pt;"><o:p></o:p></span></b></div>
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<span style="color: #222222; font-family: Corbel;"><span style="font-size: 14.6667px;"><b>Other Life Planning Articles :</b></span></span></div>
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<span style="background-color: white; font-family: "PT Sans Caption"; font-size: x-small;"><a href="http://ladder7fa.blogspot.in/2017/10/the-life-of-your-dreams.html" target="_blank"><br /></a></span></div>
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<span style="background-color: white; font-family: "PT Sans Caption"; font-size: x-small;"> </span><a href="http://ladder7fa.blogspot.in/2017/10/do-life-planning-before-financial.html" style="font-family: "PT Sans Caption";" target="_blank">Do life planning before financial planning!</a></div>
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<span style="background-color: white; font-family: "PT Sans Caption";"><a href="http://ladder7fa.blogspot.in/2017/10/bring-meaning-back-in-your-lives.html" target="_blank">Bring meaning back in your lives</a> </span><a href="http://ladder7fa.blogspot.in/2017/09/enjoying-journey-called-life.html" style="font-family: "PT Sans Caption";" target="_blank">Enjoying the journey called life!</a></div>
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<a href="http://ladder7fa.blogspot.in/2017/10/the-life-of-your-dreams.html" style="font-family: "PT Sans Caption"; font-size: small;" target="_blank">THE LIFE OF YOUR DREAMS.</a><span style="background-color: white; font-family: "PT Sans Caption"; font-size: x-small;"> </span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-22036260780303075982017-10-26T03:26:00.001-07:002017-10-26T03:31:10.761-07:00THE LIFE OF YOUR DREAMS.<div dir="ltr" style="text-align: left;" trbidi="on">
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What do we ultimately want? Material riches & other achievements are not giving that sense of purpose, fulfillment or accomplishment.</div>
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Living life kingsize is something many are doing today. That has become a style statement & even more than that, to show the world that one has arrived in life. Beyond proving a point, it proves onerous to keep up the pretenses. After all the trappings of high life, too many people still remain unhappy – very unhappy. That should be surprising, even puzzling, right? Do they know something called life planning?</div>
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Many of us go about doing inane things in life; accumulate stuff / relentlessly chase material goals or doggedly pursue corporate careers thinking that these are the things that we really need to do in life. <span style="border: 0px; box-sizing: border-box; color: #323232; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Competing with the Joshis & Sharmas brings no joy</span>… for, when they have moved on, the ones who are competing with them also will have to! That becomes tiresome and saps one’s energy.<img alt="life planning" class=" wp-image-5022 alignright" height="245" sizes="(max-width: 327px) 100vw, 327px" src="https://fpgindia.org/wp-content/uploads/2017/10/life-planning-fpgi-1.png" srcset="https://fpgindia.org/wp-content/uploads/2017/10/life-planning-fpgi-1.png 400w, https://fpgindia.org/wp-content/uploads/2017/10/life-planning-fpgi-1-300x225.png 300w" style="border: 0px; box-sizing: border-box; float: right; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 5px 0px 0px 20px; padding: 0px; text-align: right; vertical-align: baseline;" width="327" /></div>
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What is the point in doing such things? What is the point in having three homes? What is the point of chasing high returns? Why compulsively go for a foreign holiday, update on FB, to show the world one is a high flier? And after having done all this, why is one not feeling on top of the world and instead feeling exhausted & fagged out?</div>
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The reason for all this is that they do not have much meaning in the first place. Doing things that are done compulsively, tire you out. Material things are certainly important & they are required for a <a href="https://fpgindia.org/2015/01/giving-life-a-chance.html" rel="noopener" style="border: 0px; box-sizing: border-box; color: #fe7e17; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; outline: none; padding: 0px; text-decoration-line: none; transition: all 0.2s linear; vertical-align: baseline;" target="_blank">comfortable life</a>. A good corporate career will help one flower and achieve one’s potential in the activity area chosen. So, there is nothing wrong here – upto a point. Beyond that, it becomes a millstone around the neck as there is no meaning to running like a headless chicken, tiring oneself out. Also, if one is in the corporate career just for the money & is otherwise meaningless, one would find it onerous to continue on that path.</div>
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We all want to do things that we like, have meaning for us, brings joy, pursue our passions & enables us to live life authentically. We want a life which is vibrant, energizes us, that’s intensely fulfilling & allows us to experience a deep sense of accomplishment. It certainly looks like an idle man’s pipe dream, one may say. But, this is indeed a possibility for those who would not settle for anything less.</div>
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<a href="http://www.ladder7.co.in/training/life_planning" target="_blank">Life Planning</a> ticks most of the boxes and can bring in purpose, energy & meaning to life.<img alt="life planning" class=" wp-image-5020 alignleft" height="247" sizes="(max-width: 383px) 100vw, 383px" src="https://fpgindia.org/wp-content/uploads/2017/10/FPGI-Life-Planning-2.jpg" srcset="https://fpgindia.org/wp-content/uploads/2017/10/FPGI-Life-Planning-2.jpg 500w, https://fpgindia.org/wp-content/uploads/2017/10/FPGI-Life-Planning-2-300x232.jpg 300w" style="border: 0px; box-sizing: border-box; float: left; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 5px 20px 0px 0px; padding: 0px; text-align: left; vertical-align: baseline;" width="320" /></h1>
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Life Planning engagement allows a person to do some introspection, dive deep & get in touch with what would bring them true happiness, vigor, achievement of their potential and live a life imbued with meaning. If that sounds like voodoo, read on to get the correct perspective.</div>
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There is a structured way to go about it. <span style="border: 0px; box-sizing: border-box; color: #323232; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">George Kinder was one of the pioneers in the field of Life Planning.</span> In the Kinder method of Life Planning, there are some questions & questionnaires to assist a person to organise their thoughts and imagine a deeply fulfilling life that they would ideally want to live. This will be a starting point for the Life <a href="https://fpgindia.org/2010/08/how-to-choose-financial-advisor.html" style="border: 0px; box-sizing: border-box; color: #fe7e17; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; outline: none; padding: 0px; text-decoration-line: none; transition: all 0.2s linear; vertical-align: baseline;">Planner</a> to work with the client.</div>
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The Life Planner would follow the process and explore more on the areas highlighted by the client & will be able to get a picture of what really excites the client & the kind of life that will enable them to live a life they always wanted.</div>
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The Life Planner, based on his understanding of what truly excites the client & holds true meaning for them, paints the picture of the ideal life that the client would indeed be able to lead. The planner lights the torch of possibilities & helps them visualise a life imbued with meaning which will give them immense satisfaction. This is a wonderful moment for the planner & the client, for they would both be able to see what kind of possibilities exist for the client as a consequence of this work!</div>
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This visioning process is very important as many clients are unable to visualise the glorious life they can really live! When the Life <a href="https://fpgindia.org/2017/10/real-financial-planning-meaning.html" rel="noopener" style="border: 0px; box-sizing: border-box; color: #fe7e17; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; outline: none; padding: 0px; text-decoration-line: none; transition: all 0.2s linear; vertical-align: baseline;" target="_blank">Planner</a> paints their future life & the client sees themselves there, the excitement surges & the primal urge to get there builds up. This is important as the transformation could call for a leap of faith, which one would be willing to take, only if the end result is sufficiently exciting.<img alt="life planning" class=" wp-image-5021 alignright" height="326" sizes="(max-width: 252px) 100vw, 252px" src="https://fpgindia.org/wp-content/uploads/2017/10/FPGI-Life-Planning-3.jpg" srcset="https://fpgindia.org/wp-content/uploads/2017/10/FPGI-Life-Planning-3.jpg 236w, https://fpgindia.org/wp-content/uploads/2017/10/FPGI-Life-Planning-3-232x300.jpg 232w" style="border: 0px; box-sizing: border-box; float: right; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 5px 0px 0px 20px; padding: 0px; text-align: right; vertical-align: baseline;" width="252" /></div>
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The Life Planner works further on the client when the client may see obstacles in the path of reaching their cherished <a href="https://fpgindia.org/2012/12/what-are-the-top-3-goals-in-an-investors-life.html" style="border: 0px; box-sizing: border-box; color: #fe7e17; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; outline: none; padding: 0px; text-decoration-line: none; transition: all 0.2s linear; vertical-align: baseline;">goals</a>. The Life Planner will have to keep the flame alive, lest it gets dimmed or put out by the doubts & second thoughts that the clients have. The problem with many is that they just can’t believe that their life can transform to the extent that it’s almost magical!</div>
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Once the conviction is established, the Life Planner would work on the numbers and create a <a href="https://fpgindia.org/2017/07/importance-financial-planning.html" rel="noopener" style="border: 0px; box-sizing: border-box; color: #fe7e17; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; outline: none; padding: 0px; text-decoration-line: none; transition: all 0.2s linear; vertical-align: baseline;" target="_blank">financial plan</a> to give shape to the new life that the client now wants to live. The financial plan will consider the finances of the client, along with the new goals and come out with recommendations on what they need to do. These recommendations will need to be implemented so that the plan would produce the desired results.</div>
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This leads to complete fulfillment as the Life planner started with what is very important and meaningful for the client, made them see that life unfolding for them, walked them through the potential pitfalls & helped them navigate the white waters of self-doubt. Then the planner creates a financial plan that optimally uses existing resources & produce the desired results for the client. The life planner would keep monitoring the situation and offer counsel to the client so that they continue to stay engaged in the path of a glorious, almost enchanted life that’s immensely satisfying & let’s one look forward to every new day with unalloyed excitement. That’s the Life Planning cycle.</div>
<div style="background-color: white; border: 0px; box-sizing: border-box; color: #686868; font-family: "Open Sans"; font-size: 15px; font-stretch: inherit; font-variant-numeric: inherit; line-height: inherit; margin-bottom: 20px; padding: 0px; text-align: justify; vertical-align: baseline;">
<span style="border: 0px; box-sizing: border-box; color: #323232; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Life planning engagement is transformational.</span> It facilitates one to change gears or even change course to new possibilities & maybe a new life! We only have one life. We owe it to ourselves to live a life that’s vibrant, allows us to reach our potentials & is one wonderful, exciting journey.<br />
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Article first appeared on FPG India Financial Planning :<br />
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<a href="https://fpgindia.org/2017/10/life-of-your-dreams.html" target="_blank">THE LIFE OF YOUR DREAMS</a></h1>
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<span style="color: #c00000; font-family: "calibri"; font-size: 14.0000pt;">Author - Suresh Sadgopan | Founder | </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="color: #c00000; font-family: "times new roman"; font-size: 14pt;">www.ladder7.co.in</span></u></a><span style="color: #c00000; font-family: "calibri"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="color: #002060; font-family: "calibri"; font-size: 14.0000pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #002060; font-family: "calibri"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-24656865222284331312017-10-22T12:30:00.000-07:002017-10-26T06:39:09.403-07:00 Do life planning before financial planning!<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: "calibri"; font-size: 10pt; margin-left: 1em; margin-right: 1em;"><img alt="Financial planning is not all about planning your monetary goals, there is another relatively lesser known concept called life planning." border="0" height="300" marginheight="0" marginwidth="0" src="https://img.etimg.com/thumb/msid-61149428,width-300,imglength-85498,resizemode-4/you-should-do-life-planning-before-financial-planning.jpg" title="Financial planning is not all about planning your monetary goals, there is another relatively lesser known concept called life planning." vspace="0" width="400" /></span></div>
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<i style="font-family: "helvetica neue", arial, helvetica, sans-serif;">“In preparing for a battle I have always found that plans are useless, but planning is indispensable,” </i></div>
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<span style="font-family: georgia, "times new roman", serif;">said former American president, Dwight Eisenhower.</span></div>
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<span style="font-family: georgia, "times new roman", serif;">Planning is essential for everything as it is when we plan that we are able to come to different possibilities, some good and some bad for the project at hand. This holds true when we are planning our finances as well. However, since life is dynamic, a plan created with all known information at one point, may not be true after some time. Life situations change and so can goals, expenses, income etc. Hence, the plan would need to be reviewed and recast – something that is part of the planning process itself.</span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">Now, financial planning is not all about planning your monetary goals, there is another relatively lesser known concept called life planning. Life planning helps in planning for those goals that can bring meaning and happiness to our lives, instead of focusing on achieving just the monetary goals. <o:p></o:p></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">All of us have goals - like buying a home, a second home, foreign holidays, cars etc. We focus on these and plan and save to achieve them over a period of time. But, the important point is, do these goals bring true satisfaction and a sense of achievement to a person? Unfortunately, in most cases the answer is no. <o:p></o:p></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">It is not to say that these goals are not important. While we do need the money and the conveniences it brings, we should not become its slave <o:p></o:p></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">When we pursue goals that don’t really matter and spend time and energy achieving it, we feel tired, burnt out, exhausted. And once we achieve it, there is no satisfaction or delight in having achieved something since these were meaningless goals in the first place, which were probably taking them away from the real goals that would give one a sense of achievement.<o:p></o:p></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;"><b>How does <a href="http://www.ladder7.co.in/training/life_planning" target="_blank">life planning</a> make a difference? </b> <o:p></o:p></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">There is no set formula on how you have to live your life. The life we have is the only life there is and we have the option to make it meaningful. But, for that, we need to understand what is meaningful to us and what is it that we really want from life.</span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">Life planning precisely addresses this. This is a new area where the focus is to find out what is truly important for us in life, what will deliver that freedom from the bondage of a humdrum existence. Do you want to get involved in more charitable work, do you want to change your career to something that is closer to your heart? Life planning helps you achieve such goals. <o:p></o:p></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">To facilitate this, there are exercises to go through which will assist the client to focus on a meaningful life they have always wanted to live. There are some fundamental questions which one needs to ask, which will help them narrow down on what they really want to do in life. Once they discover their true, heartfelt goals, and see the vision of that wholesome life they can create for themselves, they get hugely excited. The life planner acts as a guide and mentor and paints that ideal life for the clients to see. This helps the client realise what a fulfilling life they can actually live and they get to experience the entire repertoire of emotions that would arise out of such a life. <o:p></o:p></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">This may call for rework of one’s life as it exists today. Some of the goals which one had in the past may not retain their appeal any more. New goals would take its place, there could be adjustments in income, expenses etc. too, depending on what one may want to do going forward. One may feel an anticipatory thrill as well as a trepidation which comes from a leap into the unknown. Obstacles may present itself, which the client would resolve drawing strength and support from the life planner. The next step would be to consider all these goals and create a financial plan and implement it so that the life ahead is smooth.<o:p></o:p></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">Here is how life planning can work: Let’s take the example of Rajiv. He was doing extremely well in his career, however, there was something missing. In his session with the life planner, it came out that his heart's core goal was to travel extensively, which he was unable to do in his current avatar. Rajiv was interested in combining his current skills with his passion and wanted to build start a travel business. During the discussions, Rajiv himself came with the idea of building specific communities of travel buffs and serving their needs. He is now completely fired up with enthusiasm of the amazing possibilities of this new business, which is close to his heart. The planner has now created a plan with these goals in mind and is helping Rajiv live a life filled with meaning and fulfillment.<o:p></o:p></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;"><b>In a nutshell</b><b><o:p></o:p></b></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">The initial portion of life planning is important as this is where the client and the planner jointly explore what is that which may make the client’s life truly lived. Once the client understands what would make their life meaningful, they get veritably excited. The new life envisaged may have problems that need to be surmounted and the planner plays a huge role here in ensuring that the client does not get disillusioned and slide back into their erstwhile existence. The life planner holds and keeps the torch of their dreams burning till the client is able to reconcile with the adjustments needed and gets the fortitude to make it happen. Then a financial plan which accommodates the new life is drawn and the recommendations implemented. From time to time, the life planner is in touch with the client to find out if they are on track and offer any guidance that may be required.<o:p></o:p></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">We all deserve a life where we experience the freedom in our lives to achieve our true potential and live a life that is truly meaningful. And life planning can make this possible. <o:p></o:p></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">When life planning is made a part of financial planning, it becomes a force multiplier for the client. As George Kinder, the father of the life planning movement says, “Life planning is financial planning done right”. <o:p></o:p></span><br />
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<span style="font-family: "georgia" , "times new roman" , serif;">Article first published on ET Wealth:</span><br />
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<span style="font-family: "georgia" , "times new roman" , serif;"><span style="background-color: white; font-family: "arial";"><a href="https://economictimes.indiatimes.com/wealth/plan/you-should-do-life-planning-before-financial-planning/articleshow/61149387.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst" target="_blank">You should do life planning before financial planning.</a> </span></span><br />
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<span style="color: red; font-family: "calibri"; font-size: 14.0000pt;">Author - Suresh Sadgopan | Founder | </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="color: red; font-family: "simsun"; font-size: 14pt;">www.ladder7.co.in</span></u></a><span style="color: red; font-family: "calibri"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14.0000pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-71187883589717943062017-10-12T12:00:00.000-07:002017-10-13T02:32:32.753-07:00Bring meaning back in your lives<div dir="ltr" style="text-align: left;" trbidi="on">
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<i style="font-family: inherit;">“In preparing for a battle I have always found that plans are useless, but planning is indispensable”</i><span style="font-family: inherit;">,</span></div>
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<span style="font-family: inherit;"> opined Dwight Eisenhower.</span></div>
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<b><span style="font-family: "calibri";">Plan & Planning -</span></b><span style="font-family: "calibri";"> Planning is essential as that is where we consider all aspects affecting the project we are planning for. We would be able to come to different alternative scenarios, some good and some downright in the mud. This allows us to think of the possible scenarios, based on which we need to take some actions and be cognisant of the potential outcomes of such a course.</span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">As sagely opined by Eisenhower, a plan maybe useless overtime as there are too many variables affecting any project situation & we may not reach the result envisaged in the plan. But the planning exercise done is invaluable & we may keep revising the plan as per the changing circumstances.</span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<b><span style="font-family: "calibri";"><a href="http://www.ladder7.co.in/financial_planning" target="_blank">Financial Planning</a> - </span></b><span style="font-family: "calibri";"> This holds true for Financial Planning. A plan created with all known information at one point may not be true after some time. Life situations change… goals, expenses, income etc. too, can change. Hence, the plan would need to be reviewed & recast. That is however part of the planning process itself. </span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">Even Financial Planning is not a concept that is well understood, still. Many still think that one is doing financial planning if they have started investing in some products for their goals.</span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">Financial Planning starts with understanding the needs/ aspirations of the family & their financial situation. Then the planner analyses & checks feasibility of achievement, comes up with alternative scenarios, evolves a strategy that would work best for the client and then holistically comes up with suggestions on what they need to do regarding past investments/ insurance, liquidity/ contingency requirements, future surplus deployment in appropriate assets after due consideration of their risk profile, years of service left, dependencies in the family, when the goals are coming up etc.</span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<b><span style="font-family: "calibri";"><a href="http://www.ladder7.co.in/training/life_planning" target="_blank">Life Planning</a> - </span></b><span style="font-family: "calibri";"> Now, there is another area called Life Planning. People have virtually not heard about this. So, let’s try and understand what this is.</span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">All of us have goals - like buying a home, a second home, foreign holidays, cars etc. We focus on these and plan to achieve these goals overtime. In fact, in financial planning, these are the goals we come across and plan for. But, the important point is, are these the real goals & are these truly important?</span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">Let’s put it another way - Are these goals the ones which would bring true satisfaction, a sense of achievement & happiness? The unfortunate answer in most cases would be - No! </span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">Most of us assume that buying a home, car etc. are what are important in life. While we do need the money and the conveniences it brings, we should not become it’s slave. The so-called goal should not drive us so relentlessly that we lose our sense of proportion & pursue them to our detriment. </span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">Why does a person not feel happy after buying the third home? Because, it was a meaningless goal in the first place! </span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">When we pursue goals that don’t really matter & spend time and energy achieving it, we feel tired, burnt out, exhausted. And once we achieve it, there is no satisfaction or delight at having achieved something - because these were meaningless goals in the first place, which were probably taking them away from the real goals that would liberate them, provide vitality, a sense of achievement of one’s potential & the exhiliarating feeling of looking forward to life itself, as it unfolds!</span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<b><span style="font-family: "calibri";">How does Life Planning make a difference - </span></b><span style="font-family: "calibri";"> There is no set formula in which a life needs to be lived. The life we have is the only life there is ( not counting rebirth, for now ! ) and we have the option to make it meaningful, blissful & elevating. </span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">But, for that, we need to understand what is meaningful for us & what is that we really want from life...</span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">Life Planning precisely addresses this. This is a new area where the focus is to find out what is truly important for us in life… what will deliver that freedom from the bondage of a humdrum existence. What would give us the vigour & vitality to look forward with anticipation to the next moment, next day…</span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">To facilitate this, there are exercises to be gone through which will assist the client to focus on a meaningful life, they always wanted to live. There are some fundamental questions which one needs to ask, which will help them narrow down on what they really want to do in life. Once they discover their true, heartfelt goals and see the vision of that wholesome life they can create for themselves, they get hugely excited. The Life Planner acts as a guide & mentor and paints that ideal life for the clients to see. This helps the client to realise what an amazingly fulfilling life they can actually live & they get to experience the entire repertoire of emotions that would arise out of such a life. </span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">This may call for rework of the life as it exists today. Some of the goals which one had in the past may not retain their appeal any more. New goals would take it’s place, There could be adjustments in income, expenses etc. too, depending on what one may want to do going forward. One may feel an anticipatory thrill as well as a trepidation which comes from a leap into the unknown. Obstacles may present itself, which the client would resolve drawing strength and support from the Life Planner. The next step would be to consider all these goals and create a financial plan & implement it so that the life ahead is smooth.</span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<b><span style="font-family: "calibri";">In a nutshell - </span></b><span style="font-family: "calibri";"> The initial portion of the life planning is very important. This is where the client & the Life Planner jointly explore what is that which may make the client’s life truly lived. Once the client understands what would make their life meaningful, they get veritably excited. The new life envisaged may have problems that need to be surmounted & the planner plays a huge role here in ensuring that the client does not get disillusioned & slide back into their erstwhile existence. The Life Planner holds & keeps the torch of their dreams burning till the client is able to reconcile with the adjustments needed & gets back the strength & fortitude to make it happen. Then a financial plan which accommodates the new life is drawn & the recommendations implemented. </span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">From time to time, the Life Planner is in touch with the client to find out if they are on track and offer any guidance that may be required.</span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">We all deserve a life where we experience the freedom in our lives to achieve our true potential & live a life that is truly meaningful, garnished with vigour & vitality in good measure & anticipate each day with bated anticipation. Life Planning can make this possible. </span><span style="font-family: "calibri";"><o:p></o:p></span></div>
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<span style="font-family: "calibri";">When Life planning is made a part of Financial Planning, it becomes a tremendous force multiplier for the client. As George Kinder, the father of Life Planning movement says, <i>“ Life Planning is Financial Planning done right”</i>. How True!</span><span style="font-family: "calibri"; font-size: 10.0000pt;"><o:p></o:p></span></div>
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<span style="color: #990000;"><span style="font-family: "calibri"; font-size: 14pt;"><span style="color: #cc0000;">Author - Suresh Sadagopan | Founder |</span> </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="font-size: 14pt;">www.ladder7.co.in</span></u></a></span><span style="color: red; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-15851537279551291932017-09-19T17:00:00.000-07:002017-10-13T02:23:13.820-07:00Park your money in liquid funds to get higher returns than on savings account.<div dir="ltr" style="text-align: left;" trbidi="on">
<img alt="iStock" class="img-responsive" src="http://www.livemint.com/rf/Image-621x414/LiveMint/Period2/2017/09/20/Photos/Processed/508414008-km4E--621x414@LiveMint.jpg" title="iStock" /><br />
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<span style="font-family: "georgia" , serif; font-size: 18px; line-height: 24px;">Here are some of the queries in "Ask mint money" :</span><br />
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<b>I have read in many articles that liquid funds are better than bank fixed deposits if you want to invest for a short term. I wish to start making some investments in mutual funds and begin with something that is less risky. Kindly advise on how I should choose a liquid fund.</b></div>
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<i>—Marion Saldanha</i></div>
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A liquid fund is one where the underlying investments are real short-term papers (up to 91 days) like T-bills, government securities, overnight debt securities, and others.</div>
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The credit rating of these papers is generally high and due to the short tenure nature of the underlying funds, the risk is low. These funds, on an average, are offering about 6.5%, which is significantly higher than what savings accounts are generally offering, which is 3.5%. Hence, liquid funds score on the return front. Liquidity is high and assured as mutual funds are the counter party. Choosing a liquid fund should not be a difficult exercise at all. Since all liquid funds are low-risk, the only real differentiator would be the expense charged, which would reflect in the scheme performance. Lower the expense ratio, the better it would be for you.</div>
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<b>I am 30 years old and want to start planning for retirement. My retirement is 30 years away as I will retire at the age of 60 years. What factors should I keep in mind?</b></div>
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<i>—Arun Jaipal</i></div>
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Thirty years is a fairly long period in which you can plan for your retirement. The first thing to keep in mind is to resolve never to touch the money kept aside for retirement, for any other purpose. This is usually the problem as retirement is a long way off and a holiday seems too exciting to pass up for something that is going to come 30 years hence.</div>
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At 30, you could take a fairly aggressive call on your allocation to equity as your risk capacity would be good now. But risk tolerance, even for a 30-year-old, can be anywhere between low to high on the slider scale. Hence, you need to assess that before allocating resources among asset classes.</div>
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Consistent and disciplined investments throughout the period would ensure accumulation of a good corpus. There should be a certain sum going towards retirement every month and over time, this figure should go up. As the salary increases, one should also augment allocations towards retirement, as necessary. Similarly, any bonus, ex-gratia, or incentives, which one may receive, should also be used to augment the retirement corpus as may be necessary.</div>
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Also read other articles on Retirement:</div>
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<a href="https://www.linkedin.com/pulse/how-realign-investments-after-you-retire-suresh-sadagopan-cfp-cm?trk=mp-reader-card" target="_blank">How to realign investments after you retire...</a></div>
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<a href="https://www.linkedin.com/pulse/approach-take-well-funded-retirement-suresh-sadagopan-cfp-cm?trk=mp-reader-card" target="_blank">Approach to take for a well funded retirement.</a></div>
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<a href="https://www.linkedin.com/pulse/avoid-mistakes-ensure-well-funded-retirement-suresh-sadagopan-cfp-cm?trk=mp-reader-card" target="_blank">Avoid these mistakes to ensure well funded retirement.</a></div>
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<b>I took an education loan for my higher studies . I wish to finish paying off my loan in the next 5 years. I have to pay back a little less that Rs5 lakh in all, including principal and interest. I earn Rs80,000 a month post-tax and want to save in order to be able to pay off the loan in 3 years. Where should I invest?</b></div>
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<i>—Nitika Bahl</i></div>
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Education loan is not a high-cost loan if one takes into account the tax breaks given on such loans. You would be aware that the entire amount you pay as interest would be available as a deduction. Suppose your education loan interest is 12.5% and you are in the 20% tax slab, your effective tax would be about 10%, which is not very high.</div>
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Hence, you could even look at allowing the education loan to continue and invest your money in avenues that have the potential to earn more than this. However, if you have set your mind on paying back the loan in 3 years, you may probably have to invest in debt funds only to accumulate a corpus for that purpose. I am not suggesting equity funds as the 3-year period is a short time frame for equity.</div>
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<span style="color: #cc0000;"><span style="color: #990000;"><span style="font-family: "calibri"; font-size: 14pt;">Author - Suresh Sadagopan | Founder | </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="font-family: "simsun"; font-size: 14pt;">www.ladder7.co.in</span></u></a></span><span style="color: #cc0000; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></span></div>
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<span style="color: #20124d;"><span style="font-family: "calibri"; font-size: 14.0000pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="font-family: "calibri"; font-size: 14.0000pt;"><o:p></o:p></span></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-64377699911375597982017-09-12T13:00:00.000-07:002017-10-16T00:05:37.200-07:00Enjoying the journey called life!<div dir="ltr" style="text-align: left;" trbidi="on">
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Oh God. It’s Monday and I need to get ready for work, thought Ravikiran. He dragged himself out of bed and got ready for office, 45 minutes later. After a couple of cups of coffee, he was feeling a lot better now. Driving to the office, he was thinking about his life…</div>
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He had joined a good Indian multinational as a trainee in the Sales function. He has risen to the position of Sr.Vice President - Sales in the same company, in a matter of 16 years. He was the blue eyed boy of the then MD and was fast-tracked in his career. RaviKiran was no slouch - his performance was fantastic and he was always an outlier.</div>
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He had all the trappings of success… he had his own home in a tony neighbourhood, his wife & kids were well provided for & he is virtually rolling in money. Ravi was well regarded in his office for his professional competence and his affable manner. All in all, he was in the pink and should have been delighted at his wonderful placement in life. Instead he keeps feeling a vacuum & has this sinking feeling. He keeps thinking as to what he is doing with his life… where it is all heading... he feels drained these days & derives no satisfaction, even when his department is setting water on fire!</div>
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His lack of vigour & unhappiness was a mystery even to himself. He was wondering as to why he was feeling that way. When he discussed this in the passing with his wife she suggested him to meet her friend’s brother - Seshadri. Seshadri was a Life Planner and Geeta, Ravi’s wife, had heard good things about him. She understood that Seshadri may be able to help Ravi.</div>
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Ravi fixed up a time with Seshadri. In the initial meeting, Seshadri explained to him the concept of life planning. “Life Planning seeks to unlock the deepest yearnings/ longings & seeks to <a href="http://www.moneycontrol.com/news/business/personal-finance-business/ever-thoughtlivinglife-that-your-heart-desires-1588207.html" target="_blank">deliver the dream of freedom </a>- a life that one has always dreamt & felt was impossible to attain. The idea here is to live a life imbued with meaning, values and rich potential. Inshort, living a life that you can’t have enough of and which you eagerly look forward to every single day”.</div>
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That seemed too good to be true. But, Ravi felt it was worth trying, considering the dreamlike payoff.</div>
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Ravi had to answer certain questionnaires, which gave him some insight & clarity. Seshadri understood where Ravi was and explored more about his motivations, his deepest desires and what would be an ideal life for him.</div>
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Ravi’s ideal life was one where he wanted to slow down a bit and have time for his passions. He has multiple passions - he is an environment evangelist, a person concerned & interested in indigenous arts & crafts and has a passion for music.</div>
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Seshadri had understood what would make Ravi tick and probed further. Ravi had an interest in indigenous handicrafts & he told excitedly about how wonderful it would be if he could start a firm in areas that interest him. Seshadri asked Ravi to elaborate this vision a bit further. Ravi got very excited. Ravi said," If I can identify a place on the seacoast with a beautiful mountain backdrop, that would be an ideal place to live and work from. Ravi was an avid trekker & he felt such a place would help him indulge in his passion and be healthy. Being environmentally conscious, he also expressed his keenness to rejuvenate denuded mountain slopes by planting shrubs & trees. Ravi was mighty excited at the life he was now able to clearly visualise.</div>
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Seshadri told him that there are many beautiful places like what he described all across India & he could virtually pick & choose the place of his interest. Ravi wanted to be near where some indigenous artisans lived & created their handicrafts. Ravi had visited Orissa & felt that there are good places in Orissa where he can locate his firm near where the artisans worked. While talking of all these, he came up with the idea of setting up kiosks in malls & operating independent shops in tourist places to sell the wares. Ravi also wanted to sell these handicrafts online, which will give reach and scale.</div>
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After this discussion with Seshadri, Ravi was visibly happy. He was grinning and a strange light gleamed on his face. It showed excited anticipation of living a life with a true purpose. He was walking on air, literally.</div>
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The next time they met, Ravi brought up a few problems like what will his son do, if he lives in a remote area. Seshadri suggested that since his son Hari, being in 8th standard can be admitted to a boarding school. Ravi was not sure if Geeta would agree. The other problem that Seshadri raised was about cashflows. Ravi had good investments and assets. He said that he has no problems in selling some assets to fund his business. Ravi was optimistic that cashflows from the business would start from year 2. Ravi had an idea for corporate & festival gifting, which if successful, would bring in good money. Seshadri revised the cashflows with the numbers shared by Ravi & showed it would work. Ravi was happy to have surmounted most obstacles. But, he still had to find his ideal location. He wanted to take off for 15 days and find a base.</div>
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Ravi was fired up. Seshadri showed him the plan in the next meeting which confirmed that the plan would work in the new avatar. Ravi confirmed that Geeta was game to put their son Hari in a boarding school. The only thing was to identify the location where they would drop anchor. And another… his MD was aghast when he heard that Ravi might be leaving. Ravi softened the blow saying that he would spend time - 8 days a month, for upto a year in which time they can find a replacement. His MD had reluctantly agreed.</div>
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Ravi’s days have started getting exciting. He had gone to travel sites, arts and handicraft portals and pored over for suitable locations. He was able to identify half a dozen locations he needed to check out. He was so excited that he went on a road trip almost immediately with Geeta, to look at these places. They hit the bulls eye in the second place itself. They found their ideal destination in Orissa. The destination was Puri. There were no mountains there - but that did not matter. Geeta instantly okayed it as her Lord Jagannath was there. It worked wonderfully for Ravi too, as Raghurajpur was not too far, which is a hub for Pattachitra paintings and other handicrafts. Ravi went on a recce to Raghurajpur and came back suitably impressed, with a couple of paintings as souvenirs. Geeta could see how excited he was - he did not stop talking about the painters, the beautiful & intricate pattachitra paintings, how he went to their home, had food with the artists etc. Geeta was happy to see this Ravi.</div>
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Seshadri learnt from Ravi that the location was to be Puri. Seshadri did a few last minute touches to the plan and expressed his satisfaction. Ravi will be able to live this second innings & love it.</div>
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All this is part of the EVOKE process of <a href="http://www.ladder7.co.in/training/life_planning" target="_blank">life planning</a> ( as propounded by George Kinder ) in which the planner and client find out what is exciting for the client & see how the client can pursue his heart's core yearning. Life becomes exciting when it has a purpose. It’s a wonderful thing to behold when the client gets back their mojo and the planner is able to guide the client in the process & help the client live the life they truly always wanted & will now be able to live and cherish.</div>
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From here on, the client will live a life they truly dreamed of and wake up to one exciting day after another. That’s infact the true reward a life planner would look forward in an engagement - a client whose torch has been lit & is enjoying every moment of this journey called life!</div>
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Article first appeared on Linkedin:</div>
<span style="color: #000031; font-size: large;"><a href="https://www.linkedin.com/pulse/enjoying-journey-called-life-suresh-sadagopan-cfp-cm?trk=mp-reader-card" target="_blank">Enjoying the journey called life!</a></span><br />
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<span style="font-family: "calibri"; font-size: 14pt;"><span style="color: #cc0000;">Author - Suresh Sadagopan | Founder |</span> </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="color: #cc0000; font-size: 14pt;">www.ladder7.co.in</span></u></a><span style="color: red; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-64414078800442289962017-07-28T11:00:00.000-07:002017-10-17T00:12:30.468-07:00Why it makes sense to pay for a financial advisor?<div dir="ltr" style="text-align: left;" trbidi="on">
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Today there are lots of distributors of products masquerading as advisors. Many call themselves by fancy names like wealth managers, financial counsellors, financial coaches. It is difficult to make out as to who is a real advisor & who is merely a distributor of products, whose agenda is to just sell products that they have on offer. <a href="http://www.ladder7.co.in/financial_planning/choosing_the_best_financial_planner" target="_blank">It is hence very important that investors first understand who is an advisor & what are the qualities they need to look for in them before deciding to go with them.</a></div>
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<span style="font-weight: 700; margin: 0px; padding: 0px;">What do you need to look for in an advisor</span></div>
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1) Find out whether the advisor is SEBI registered investment advisor (RIA), who will charge a fee and offer advice. Such a person should not distribute products. If they also distribute products, there is no point in dealing with them as they are not supposed to advise. Even if they do have a distribution arm or relationship with another entity, they should offer a choice to the investor to choose to implement where ever they want and not coerce them into doing the investments with their entity.</div>
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2) Ask them about their qualifications. <a href="http://www.ladder7.co.in/about_us/about_our_team" target="_blank">Ask them about who are there in the team and their qualifications too.</a> Lots of times those who offer advice are just not qualified at all.</div>
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3) Find out about their process, who will be the interface, how will the service delivery happen, what are the key deliverables etc. Find out if it is a one person outfit or there is a proper & professional team to support the operation. This is important as a team ensures better & specialised delivery of services and there is no over-dependancy on one person to do everything.</div>
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4) Ask them if they have any relationships that will pay them directly/ indirectly. Ask them specifically if there are indirect remuneration/ benefits accruing to them, apart from any direct commissions/ brokerages.</div>
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5) A simple rule of thumb - If the “advisor” starts talking about products & starts putting brochures and forms on the table within the first 15 minutes - beware! This person may mostly be a product seller & is there to sell his products.</div>
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6) Ask the “advisor” if they are fee-only. To clarify ask them if you could implement their investment recommendations wherever you want. If the advisor says yes to both, then they would be a proper advisor.</div>
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7) Find out about their experience in the field. The experienced ones will be better from the investor point of view, though such advisors may come at a premium.</div>
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8) Ask for references and talk to a few. Find out from them about how long they have been with them & their experience. There may be “references” who are planted to offer good reviews. Ask searching questions. More often than not, you would be able to find out if the “advisor” is worth considering or not.</div>
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">9) Find out the standing of the advisor in their field. Search for their articles, references, quotes, peer reviews etc., which will offer you a peek into the kind of person you are going to deal with.</span></div>
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<span style="font-weight: 700; margin: 0px; padding: 0px;">Why should you pay a fee?</span></div>
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1) A true advisor does not earn through commissions. They act in the investors’ best interests & advice what is good for the investor. To get such unbiased advice one needs to pay a fee.</div>
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2) A true advisor ensures that the costs to the clients are minimised by choosing the right products that are efficient in every way, including costs.</div>
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3) Products put together are truly aligned to the investor needs and are not subservient to the need of the “Advisor” to meet their targets</div>
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4) You should pay a fee to a true advisor who acts in a fiduciary capacity. This means they put your interests ahead of everything else, including their own. This of course is priceless & is a dream come true for an investor who otherwise only find people who want to sell them something or other.</div>
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5) All costs considered, including the fee which is paid to the advisor, it would be cheaper to the investor, as a good advisor suggests products that are fully aligned with their needs, are low cost & tax efficient, with better fund management strategies.</div>
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6) Good advisors save their clients from various investment blunders that they would commit otherwise. Just this alone would save so much money for the investor that would otherwise have gone down the drain.</div>
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7) The investor would have a trusted source & a confidante to turn to whenever they need proper advice regarding any financial matter.</div>
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Most people are not used to the concept of paying a fee. They wrongly think that by paying a fee they are in fact losing money.</div>
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In personal finance area, free advice has been the mainstay. But free advice can hardly ever be unbiased & truly in the client’s interest. It is foolish to believe that product sellers (irrespective of whatever fancy names they give themselves like wealth manager, financial coach etc.) would offer unbiased advice. Conflict of interest is inherent in a distribution model. That gets eliminated when an <a href="http://www.ladder7.co.in/financial_planning/benefits_to_you" target="_blank">advisor is just fee-only</a> & does not receive any remuneration from any source.</div>
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Look at the gift horse in it’s mouth… It may not be pretty - just like how free advice is actually a money losing proposition.<br />
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Article first appeared on:<br />
Moneycontrol - <a href="http://www.moneycontrol.com/news/business/personal-finance-business/why-it-makes-sense-to-pay-for-a-financial-advisor-2337121.html" target="_blank">Why it makes sense to pay for a financial advisor?</a></div>
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<span style="font-family: "calibri"; font-size: 14pt;"><span style="color: #cc0000;">Author - Suresh Sadagopan | Founder |</span> </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="color: #cc0000; font-size: 14pt;">www.ladder7.co.in</span></u></a><span style="color: red; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-76516309408079583272017-07-24T18:00:00.000-07:002017-10-13T02:31:09.087-07:00Sebi gives a stronger push to advisory practice<div dir="ltr" style="text-align: left;" trbidi="on">
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The Securities and Exchange Board of India (Sebi) has made a move towards ensuring that investors receive appropriate advice and their long-term goals are met. This deliberate move has been happening for a decade now, precipitated in 2008 by the global financial crisis. Financial product manufacturers made arcane products whose structures were difficult to understand even by finance professionals, and distributors sold them widely.</div>
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In the aftermath of the meltdown, there was a sudden realisation for regulators across the globe, that they need to regulate more aggressively and ensure that intermediaries don’t run roughshod over investors. </div>
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India has been among the countries in the forefront of investor protection initiatives. Towards this end, regulators started modifying the framework for financial intermediaries to bring in responsibility and accountability, following appropriate processes to ensure the right outcomes, cost control and documentation or trail. </div>
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But an important piece was missing—conflict-free advice. The only option available earlier was advice from distributors. The advice was shallow as it was free and incidental to product sale. Also, most times, the distributor was not equipped to offer advice as she did not have the necessary qualifications, knowledge and experience. But there was no one else investors could turn to.</div>
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Realising the importance of providing access to quality advice, Sebi had brought in its Investment Adviser Regulations in 2013. The endeavour was to create a new class of Registered Investment Advisers (RIAs) who would offer advice for a fee and not distribute products. The regulation specified a number of requirements—education, experience, certification, conduct of advisers, net worth and other eligibility requirements; various responsibilities including advising in a fiduciary capacity; proper processes for offering advice; and documentation requirements. These advisers also had to get audited annually for processes and compliance. </div>
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This was a watershed regulation in terms of bringing in fee-based advisory in India. But it also allowed many exemptions, which obliquely indicated that exempted parties may give incidental advice (which was being interpreted loosely). This was a grey area due to which many chose not to register. The RIA regulations also allowed both advisory and execution functions to be within the same entity, though with segregation; but that’s not the optimal way to engender conflict-free fiduciary advice.</div>
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There were a couple of consultation papers to amend the regulations; one in October 2016 and another in June 2017.</div>
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In the June 2017 paper, Sebi is proposing clear segregation of advisory and distribution services. It suggests creation of a separate subsidiary or entity for investment advisory services. This would enable watertight containers carrying out the two functions, instead of segregated divisions with Chinese walls. </div>
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It also suggests that RIAs who provide advice across multiple categories should take necessary permissions and ensure compliance with respective regulators. However, regulators register those who distribute products under their jurisdiction, and not those who offer advice. RIAs are not product sellers and hence may not be eligible to register with various regulators. This is going to present a problem.</div>
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Since RIAs have appropriate certification for advisory functions, they should be allowed to offer fee-only advisory without being registered with various regulators.</div>
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As per the proposal, the exemption for mutual fund distributors (and others) to offer incidental advice without registering would no longer be an option. From now on, mutual fund distributors can explain the features or material facts of the product and ensure suitability, but not offer investment advice or financial planning services. If they want to offer advice, they will need to register as fee-only advisers.</div>
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There is, however, some relief to RIAs. Representatives of investment advisers can now be graduates in any stream. It was difficult to find employees with 5 years of experience after graduation, which was the condition before. Also, the net worth requirement for body corporates has come down from Rs25 lakh to Rs10 lakh. Application and registration fees for body corporates has come down to Rs10,000 and Rs1 lakh, respectively. But the re-registration fee after 5 years is Rs5 lakh, which is inexplicable.</div>
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Agencies and entities that provide ranking of mutual fund schemes are sought to be brought under the regulatory ambit under Research Analysts Regulations, 2014. However, if they provide the same on public media like a newspaper or a website, they are excluded from registering under this regulation. Again, there was no need for this exemption because widely circulated information through a newspaper or website has more impact on the public and should, therefore, be under regulatory ambit.</div>
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Overall, the consultation paper sharpens the distinction between distribution and advisory and is clearly pushing people to choose either advisory or distribution as their vocation. </div>
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This consultation paper also puts all the choices before the investor. Sebi has made its intention clear—to have a true-blue advisory community to assist investors. It is now strengthening that framework further. </div>
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It also gives investors an option to engage with distributors, who are very much a part of the ecosystem. For those investors who want to do it on their own, there are platforms of regular or direct plans. </div>
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Frequent changes can be unsettling. It would be good to have a stable regime for some time, to allow the participants to settle. Apart from that, the changes suggested are mostly positive and welcome. Investors’ hands are strengthened and they will have more choices.</div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-48497447831956141372017-07-20T12:00:00.000-07:002017-10-17T00:14:13.958-07:00How to fund children's education abroad without parents going bankrupt<div dir="ltr" style="text-align: left;" trbidi="on">
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Giving a lift up is fine but it should not be at the cost of their own future</h2>
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Children occupy center stage for parents - that is well known and understandable. As a parent you would want to do everything to give them the benefits of good education and help them start life with an advantage. That is reasonable of course.</div>
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The only thing that the parent has to guard against is overreach. Today, <a href="http://ladder7fa.blogspot.in/2016/09/are-you-setting-up-your-children-for.html" target="_blank">many parents are guilty of this overreach</a>, in their enthusiasm to confer the advantage of a high quality education. Most students today have the aspiration of going abroad for education. Parents do not want to stand in the way of this ambition - for the parents themselves see this as a passport to a good life ahead.</div>
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One of the major problems with education abroad is the cost. The median cost for education in the US could be about Rs 35 lakh per annum. If the student were to pursue graduation, which would be a four-year course, the cost would be Rs 1.4 crore, in today’s terms. The inflation on education is galloping away and it can be considerably costlier in future. After that, post-graduation would cost Rs 70-80 lakh. That is about Rs 2.2 crore per child! We are able to see that the amounts involved are astronomical & funding even one child’s education fully is going to be a huge challenge for all, but the really rich.</div>
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Supporting the child in its aspiration is fine. But the parent has to be realistic and can be pragmatic when it comes to the child’s education funding.</div>
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Firstly, sending the child at graduation itself is not just costly; they also run the risk of the child going astray in a foreign land as they may not have the maturity at the tender age of 17-18 years. It may be far more desirable and financially prudent to send the child abroad, at the PG level. At the PG level the child would be between 21-23 years and potentially more mature to handle the rough & tumble in an alien land.</div>
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The parent needs to consider other ways of funding, apart from self-funding, as a prudent practice. Parents should start talking about all methods of funding to their children, well in advance and prepare them to be more aware & responsible when it comes to their education funding. Parents should not be seen as ATMs & it is important that parents talk about how much they are willing to spend and about how the child can fund the rest.</div>
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The first mechanism of bringing down the costs of education abroad is to seek scholarships for the courses being pursued. There are some colleges which are more liberal in offering scholarships as compared to others. The top-of-the-line colleges may not offer scholarships. The child should be prepared to look at second rung colleges which offer scholarships & not be fixated with Ivy league schools alone. This sanity has to be driven into their heads by the parents.</div>
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The other way to bring down the cost of education funding for parents is to ask the student to take a certain level of education loan. Apart from bringing down the funding from the parents side, the loan also brings in a certain level of responsibility on part of the student. The parent can pay the interest till the student goes for a job, after which the student has to take care of the loan servicing. This has to be clearly communicated to their child.</div>
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The last way of defraying the costs is for the student to actively look for a part-time job when they are studying abroad. They could work as research assistants, as assistants in the library or in other capacities in the university and earn some money. Often this money would be enough to take care of their personal needs.</div>
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All these are ways to ensure that the child’s ambition is not squelched and at the same time the parent is not stretched to the breaking point, in their quest to fund their child’s education. Often parents dip into their retirement kitty in their overarching ambition to launch their child into the hallowed orbit. Giving a lift-up is fine but it should not be at the cost of their own future. If one follows these simple rules, the child education funding can happen without much problems. A good compromise would then be achieved, where the parent is happy & the child’s ambition is taken care of too.<br />
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Article first appeared on :<br />
Moneycontrol - <a href="http://www.moneycontrol.com/news/business/personal-finance-business/how-to-fund-childrens-education-abroad-without-parents-going-bankrupt-2330633.html" target="_blank">How to fund children's education abroad without parents going bankrupt</a></div>
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<span style="color: #990000;"><span style="font-family: "calibri"; font-size: 14pt;"><span style="color: #cc0000;">Author - Suresh Sadagopan | Founder |</span> </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="font-size: 14pt;">www.ladder7.co.in</span></u></a></span><span style="color: red; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-91717366601776381712017-07-13T13:30:00.000-07:002017-10-16T00:07:32.192-07:00Stubbing the toe on Wealth Creation<div dir="ltr" style="text-align: left;" trbidi="on">
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When we talk of wealth creation, many people tend to switch off as they think <a href="http://www.ladder7.co.in/financial_planning/who_is_it_meant_for_" target="_blank">it is not for them</a> - it’s for the money bags! There are others who would feel that this tiresome topic detracts one from enjoying life and financial advisors keep reiterating on savings all the time that there is no fun left in life! These are from the two extremes.</div>
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There are many others in the middle who want to create wealth but are unsure as to how to go about it. Also, there are lots of misconceptions dogging them at every step due to which they tend to go wrong in many of what they do.</div>
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Let me try to dispel some of these wrong notions here.</div>
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A) <span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"> Money should constantly be churned to the best performing asset class - </span> This is a major fallacy among the public. People want to move their money to whichever asset class is doing well at that point in time. This has become a fad with people. When Gold is doing well, they want to move their money to Gold; from there it will go into equities, real estate, FDs etc. Depending on what catches the mass frenzy at every point.</div>
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This moving from one asset class to another presupposes that one will get the timing right. Also, moving from one asset class to a completely different asset class changes Mostly, the public at large gets the timing horribly wrong and get in after the asset has run up and get out after the rally has waned. Both ways, they get it wrong and hence end up with a poor yielding mish-mash portfolio.</div>
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B) <span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Yields are very important -</span> A portfolio is to be constructed after due consideration of liquidity, risk, tenure, return considerations, credit quality of the investments under advisement etc. Yield is a byproduct of a proper portfolio construction. A well constructed portfolio offers an optimal return which would suit the person concerned.</div>
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The yield from such a portfolio should be enough to meet all the goals - that is how it should be planned. We have seen that even portfolios yielding 9% overall are good enough to meet all the goals in life. It is a huge fallacy that the returns have to be sky-high to ensure that one’s goals are achieved.</div>
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Sticking with the budgets and discipline while investing are important. In fact these are the only things that are important.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">C)</span> <span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Portfolios should be constantly monitored - </span>Many of our clients keep looking at the portfolios as frequently as they refer to daily newspapers! Portfolio once constructed will have to sit there and has to be given time to perform. By constantly looking at the portfolios they are not going to somehow perform miraculously. One will only get palpitations by looking at the gyrations of the portfolio values in line with the fluctuations of the markets.</div>
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It makes sense to look at portfolios once every half year. That’s what we do professionally! And that is more than enough!</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">D)</span> <span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Every single component of the portfolio should do well - </span> Another fallacy… Portfolio components are put in place to offer diversification in the portfolio & make it a well rounded portfolio. Obviously, different segments of the portfolio would do well at different times. That does not mean that one should get out of some portions which are currently not doing well. Having different components in the portfolio is part of the strategy. That cannot be undone on the spurious premise of lower returns.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">E) I will invest when I have decent money to invest -</span> This is a chicken and egg situation. You get to decent money only when you have invested for long, in a disciplined way. It does not matter if one has a modest amount to invest, to start with. MFs allow even investments of Rs.500 - so the entry barrier is really low. Also, there is no point in accumulating first in the bank account and then investing the same, when it builds up to a decent amount like say Rs.25,000. People like to invest round lumpsums. There is just no merit in holding more than the required amount in the bank and earning a paltry 4% on it.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">F) Investors want to invest in every product that comes into the market - </span> Investors somehow feel that they should not miss any “opportunity” that comes their way. Hence, any shiny thing that gets advertised promptly gets their custom!</div>
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This results in a jumbo portfolio of unwanted components, when clients come to us. Investors also attribute their actions to diversifying their portfolios!</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">G) Humoring the uncles & friends - </span> Insurance is bought not on merits, but based on which uncle or which friend’s wife is cornering one “to complete their target”. Most people we meet have lots of life insurance policies, by not of the right kind. Most do not have the required cover, even though they have over a dozen policies with them. It’s better to help people directly than to get into an unholy mess with one’s insurance portfolio.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">H) Tax savings at any cost - </span> Indians somehow have this penchant to save taxes, at any cost. They would borrow money to save tax! In their extreme overreach to save taxes, they sometimes forget the basics. The products they buy ( like insurance ) may save tax for them but may not be suitable for them in any way.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">I) Wrong advisors -</span> Most investors are just doing what their friends & colleagues are doing or what their parents have been doing ( like investing in FDs ). This kind of investing ensures that there is no overall strategy or direction and serves no purpose at all. It is like one blind man leading another!</div>
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What worked for their parents may not be what would work today. One needs to carefully evaluate one’s needs and invest or if that is too much for them to do, they just need to go to a professional advisor, preferably a Fiduciary.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Conclusion -</span> Investing principles are pretty simple. One just needs to stick to the budget and invest the surplus as per plan. There is no need to keep shuffling the portfolios or keep investing in new stuff. One need not have to keep agonising on yields - the returns will come - overtime.</div>
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We have found that the ones that end up with decent amount of wealth are not the one’s with huge earnings, but the one who has been disciplined and travelled along the planned path diligently. </div>
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Article first appeared on:</div>
<span style="color: rgba(0, 0, 0, 0.701960784313725); font-family: source serif pro, serif;"><span style="font-size: 21px;"><a href="https://www.linkedin.com/pulse/stubbing-toe-wealth-creation-suresh-sadagopan-cfp-cm?trk=mp-reader-card" target="_blank">Stubbing the toe on Wealth Creation</a></span></span></div>
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<span style="color: #990000; font-family: "calibri"; font-size: 14pt;"><span style="color: #cc0000;">Author - Suresh Sadagopan | Founder |</span> </span><a href="http://www.ladder7.co.in/" style="font-family: "times new roman";"><u><span class="15" style="font-size: 14pt;">www.ladder7.co.in</span></u></a><br />
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-45524393771407639822017-06-27T11:30:00.000-07:002017-10-17T00:46:13.540-07:00Three behavioural biases that can ruin your portfolios<div dir="ltr" style="text-align: left;" trbidi="on">
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Awareness & consciousness of the biases would prevent one from stepping on the banana peel of wrong conclusions.</h2>
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We all think we are rational beings and we take decisions or arrive at conclusions after weighing the pros & cons of the situation. We also take into account all the data available before arriving at a decision or conclusion. But, still, many of the decisions or conclusions we take turn out to be really wrong, which leaves us scratching our heads. We wonder - Where have we gone wrong?</div>
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It is not that we may actually be wrong, but there are entrenched thought patterns which may lead us astray. We may not even be conscious of this!</div>
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We need to understand first where the biases are coming from & what some of those biases are. Only when they understand that, can it be tackled.</div>
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<span style="font-weight: 700; margin: 0px; padding: 0px;">Hindsight Bias</span> – We are not oracles or soothsayers. Hence, we would not be able to anticipate which events will happen or how it will unfold. But after the event, it all seems so logical and even cogently explainable. This is irrespective of how improbable they thought the event was, before it occurred.</div>
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Psychological experiments prove this. Baruch Fischhoff demonstrated this “I knew this all along” effect, through an experiment. Fischhoff conducted a survey on possible outcomes of Richard Nixon’s trip to Russia & China in 1972 and asked people to assign probabilities to various events, before the trip. When the trip was done & he went back to the same people, there were surprises in store.</div>
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Whichever event had actually occurred, people exaggerated the probability they had assigned to that event. If it did not happen, people said they always felt it would not happen (though the probability they assigned before that event was higher )! After the event, everything seems so logical & plausible, that we automatically adjust our memory to align with what is now known!</div>
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Hindsight bias has huge implications for all of us. For instance, if during a routine surgical intervention an unpredictable accident caused the death of the patient, it will most probably be believed that the doctor did not assess the situation properly & went in for a risky procedure! The benefit of hindsight & knowing the outcome alters how people perceive what the doctor had done. We come to the wrong conclusions due to hindsight bias!</div>
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There is also another bias lurking out there. It’s called outcome bias.</div>
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<span style="font-weight: 700; margin: 0px; padding: 0px;">Outcome bias –</span> Blaming someone for a good decision which worked out badly & giving too little credit for good moves, that, with hindsight, looks all too obvious, is outcome bias in action. When outcomes are bad, people would blame the decision makers for not seeing the writing on the wall, in spite of prudent decisions that the person might have made with the information available, at the time of the decision.</div>
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This again is proved in psychological experiments. In case of 9/11 type incidents, the officials concerned seem negligent, even absolutely irresponsible after the event. CIA had intelligence inputs to indicate that Al Qaeda was planning a major attack, which went to the National Security Adviser. This was not escalated to the President, which was questioned after the event. It did not go to the President as it was one of the many intelligence inputs that CIA got and this one did not look specifically significant.</div>
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Predicting outcomes is extremely difficult as there are so many variables affecting an outcome. And yet, after the outcome is known, we all tend to judge all those who were involved in that process, based on how it turned out!</div>
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<span style="font-weight: 700; margin: 0px; padding: 0px;">Action Bias -</span> There is another important area where we all go wrong.</div>
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Financial advisors are expected to keep shuffling portfolios or keep doing something, in their quest to advise clients. That is why advisors who tell their clients to just stay invested or tell the clients that no changes are needed in their portfolios, are not that popular. People like action. Those that are constantly seen to be taking action are seen as dynamic & proactive. This is called the action bias.</div>
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The good advisors who advised clients against unwanted churn are not fully recognised for their wisdom, even if they ended up with good returns. The client thinks that the markets have done so well that the returns they have got would anyway have come and advisor contribution is not much (the advisor did not even suggest any actions in between and asked us to stay put). Even a very good outcome can act against a person. This is a case where outcome bias & action bias are acting in concert.</div>
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Action bias is seen even in sports. In a penalty kick, there is a penchant for the goalie to jump to the left or right without knowing the intention of the kicker. Had the goalie been standing in the middle, he would have probably saved more goals. That’s what studies suggest! The goalie does not want to be seen as slothful & the viewers equally expect him to dive to the left or right, instead of planting himself in the middle. That is the classic action bias at work!</div>
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<span style="font-weight: 700; margin: 0px; padding: 0px;">What can we do -</span> Knowing that these biases exist is helpful, but that knowledge by itself cannot prevent these biases from asserting themselves.</div>
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Before coming to any conclusions, one needs to examine whether it is tinged with any bias that may lead one astray. Awareness & consciousness of the biases would prevent one from stepping on the banana peel of wrong conclusions. Wrong conclusions lead to more wrong decisions. Mind does play games - but we can avoid being kicked around, if we are alert.<br />
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Article first published on:<br />
Moneycontrol - <a href="http://www.moneycontrol.com/news/business/personal-finance-business/three-behavioural-biases-that-can-ruin-your-portfolios-2312425.html" target="_blank">Three behavioural biases that can ruin your portfolios</a></div>
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<span style="color: #990000;"><span style="font-family: "calibri"; font-size: 14pt;"><span style="color: #cc0000;">Author - Suresh Sadagopan | Founder |</span> </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="font-size: 14pt;">www.ladder7.co.in</span></u></a></span><span style="color: red; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-41233359651392459492017-05-17T17:00:00.000-07:002017-10-13T02:26:35.152-07:00The kingdom of the Gods!<div dir="ltr" style="text-align: left;" trbidi="on">
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There is so much work. Yet I took a holiday to go to Bhutan to rejuvenate to take on responsibilities that lie ahead. I'm glad I did. </div>
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Bhutan is an amazing place. The entire country is like a spa. You need not necessarily visit all the places. Being there is therapeutic. Have come back revitalised & suitably impressed with the country which measures it's riches on the happiness scale.</div>
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Here is my travelogue on Bhutan -</div>
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<a data-saferedirecturl="https://www.google.com/url?hl=en&q=https://drive.google.com/file/d/0ByhvX1ycUGgqMjJMSm1IY19yYTA/view?usp%3Ddrive_web&source=gmail&ust=1507714743912000&usg=AFQjCNEftNAa_oAVHQnI-HtibBH4gN8lUQ" href="https://drive.google.com/file/d/0ByhvX1ycUGgqMjJMSm1IY19yYTA/view?usp=drive_web" style="border: none; color: #1155cc; display: inline-block; overflow: hidden; padding: 1px 0px; text-decoration: none; text-overflow: ellipsis; white-space: nowrap; width: 396px;" target="_blank"><img class="CToWUd" src="https://blogger.googleusercontent.com/img/proxy/AVvXsEiIf58OVvZ0ApZFIwdgI3D1Kqdna6f3spf-pgvvSKRR1PioRbruk8Gv0OU3VQoCwOH9OxV2NTy3Ir2NM3q9ThB9MYFOWadQ7SoOF2xw3IqY0YjvT5N5Xdj793TQOH7H3-Hmql4zlpEZeunPAXMp7vJ7-QiBqiGMOUL7wbsTPe84a-A=s0-d-e1-ft" style="border: none; vertical-align: bottom;" /> <span dir="ltr" style="vertical-align: bottom;">The kingdom of happy people.pdf</span></a></div>
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<span style="color: #990000;"><span style="font-family: "calibri"; font-size: 14pt;"><span style="color: #cc0000;">Author - Suresh Sadagopan | Founder |</span> </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="font-size: 14pt;">www.ladder7.co.in</span></u></a></span><span style="color: red; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-48459595360581017932017-05-01T16:00:00.000-07:002017-10-16T00:12:43.693-07:00The Bamandayapada Syndrome<div dir="ltr" style="text-align: left;" trbidi="on">
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A long time ago, I had gone to meet one of my clients, in a place tucked away in one corner of Andheri ( a suburb of Mumbai ). The first time I went there, the place was a revelation. I had never ever been there before. It was a quiet place – a real cul-de-sac which was quaint and removed from the hustle & bustle of Mumbai. </div>
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But was reaching there convenient? Would I want to stay there? No, not really.</div>
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Reaching there took time and some autos did not want to come there. They said they don’t get any customers there! When I met my client and asked him about the place, he was raving about it as if it were Hawaii, Sikkim & Simla rolled into one!</div>
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He pointed out the obvious attractions – the place was quiet even though it was in Andheri, you could get everything you need in the nearby shops, good neighbours, it was connected by buses, the place is just somewhat away from the arterial Andheri Kurla Road ( which is just as well! )…</div>
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I got to know that he had spent quite some time here. And had got quite attached to the place called Bamandayapada, where his home & hearth was!</div>
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It has the attractions that my client had pointed out. But you can find cul-de-sacs in many places, with shops vending what-have-you, buses plying to and fro & the place being in the vicinity of some could-not-miss attractions.</div>
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In fact we may all be able to romantically describe our homes with bated breath. All of us get attached to our places, our homes, our possessions etc., sometimes bordering on the irrational. </div>
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We feel that our home is somehow special – located as it is 500 meters from the arterial road, not far from malls & theatres, with sunshine streaming into the bedroom after the winter solstice, has some green cover when we see at 135 degree angle from the bedroom window etc.!</div>
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Reason enough to call this <span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">The Bamandayapada Syndrome</span>!</div>
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The syndrome is a behavioural quirk. If it is not going to affect us, we need not be so bothered. But it is going to affect us deeply.</div>
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For one, such deep, entrenched thought patterns ensure that one would make debilitating mistakes in life, due to this. This happens all the time with real estate. </div>
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We tend to overvalue our property due to our perceptions of what we feel are enticing plus points of the property we own. Our property somehow seems special to us. Due to such perceptions, the owner of a property tends to expect a good premium on the house. Real estate market is replete with people sitting on unsold property for years, for this reason. Bamandayapada Syndrome is fairly common among home owners.</div>
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Many such people would wait for years to “get their price”, in the bargain actually losing money. For instance, if the market price of a home is Rs.1 Crore & the owner is expecting Rs.1.25 Crores & decides to wait and finally sells after 4 years at Rs.1.25 Crores, he has actually lost money – for Rs. 1 Crore four years earlier could have earned much more than just Rs.1.25 Crores, which he earned, four years hence.</div>
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It’s very pronounced in real estate. But this is hardly true of only real estate. This is true across the board. And in psychology, it has a name – <span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><em style="background: 0px 0px; border: 0px; box-sizing: inherit; font-family: Georgia, 'Source Serif Pro', serif; font-size: 0.975em; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Endowment Effect</em></span>, where something that we own, seems much more valuable to us, than it really is.</div>
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This is true for anything we possess – cars, collectibles, our equity shares, even our children. We all have heard of mothers singing paeans about their daughters, which generally leave their husbands wondering if it is the same woman they were referring to! That’s endowment effect again!</div>
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The term endowment effect was coined by economist Richard Thaler for under weighting opportunity costs of goods that are a part of their possession than others which are not.</div>
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There is a famous experiment done by Daniel Kahneman & others, in which the participants were given a mug and were given a chance to trade it with an equally valuable item, in this case a pen. They found that compensation sought once the ownership of the mug has been established ( willingness to accept ) was twice as high as the price they were willing to pay to acquire the mug ( willingness to pay ).</div>
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This is a behavioural anomaly. We can make mistakes arising out of this. We need to be watchful to not fall prey to this. The most important thing here is to recognize it, before we get sucked into it. Knowing is the first step to handling it. When in doubt, it is better to get a third party opinion and then take informed decisions. That way Endowment effect cannot overwhelm us!</div>
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Article first appeared on Linkedin:</div>
<span style="color: rgba(0, 0, 0, 0.701960784313725); font-family: source serif pro, serif;"><span style="font-size: 21px;"><a href="https://www.linkedin.com/pulse/bamandayapada-syndrome-suresh-sadagopan-cfp-cm?trk=mp-reader-card" target="_blank">The Bamandayapada Syndrome</a></span></span></div>
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<span style="color: #990000;"><span style="font-family: "calibri"; font-size: 14pt;"><span style="color: #cc0000;">Author - Suresh Sadagopan | Founder |</span> </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="font-size: 14pt;">www.ladder7.co.in</span></u></a></span><span style="color: red; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-42849966577064938882017-03-17T03:51:00.000-07:002017-10-13T02:27:07.291-07:00The elusive quality that brings the world to their feet<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">The shopkeeper finds out why you are buying a product & sells a basic, low price product as your requirement is such. The refrigerator mechanic looks at the fridge & finds that it is not cooling properly as a plastic bag was blocking the air vent. He takes a nominal Rs 100 for the visit and refuses to charge the usual Rs 500, as there was no work involved. An insurance agent asks why you want to buy a policy and when he understands that you don’t require insurance otherwise, suggests investment in PPF.</span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;"> Do these things happen in real life? They do happen… but very rarely. There is a vested interest in all of us and we all act based on what is in our best interest. This happens across industries. The self-interest is so strong & our greed so endemic, that self-regulation seldom works. We see excesses in virtually every industry, even though some of them are regulated. </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">The 2008 financial crisis itself can be traced to such unbridled greed which led to the birth of exotic instruments that couched the true nature of the underlying products. It was a deception & a fraud of such proportions, that it precipitated a global crisis. Selling unsuited, costly products is a malaise worldwide in the financial services industry. </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">Volkswagen was an example of fraud in the automobile field where they had a cheat software that got triggered, when emissions were measured. Medical field is replete with unethical practices – doctors suggesting costly medicines in collusion with manufacturers, suggesting unwanted procedures, suggesting C-Section when normal birth would have been fine etc. Recently, National Pharmaceutical Pricing Authority of India has brought down the stent prices to between Rs 7,000 to Rs 30,000. The stent manufacturers and importers were making profits between 250% to 1000% & the citizens were reeling under the onslaught of high medical expenses borne out of profiteering & lack of scruples. </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">This is happening in industry after industry. We have become accustomed to people taking advantage of us, in every way. We are perpetually forced to be on the lookout. Caveat Emptor is the reigning sentiment with people – they have no choice. </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">Consumer protection is hence raising its head everywhere & the incumbents are not liking it, one bit. But, once there are regulations, does it work? Not always. </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">Regulations impose the base minimum standards which an industry participant has to comply with. In industry after industry, regulations are complied with grudgingly and to the minimum extent possible. But that is hardly the intent of the regulation, which assumes that the participant will take the regulation as a guiding factor & rise well above the minimums, which it seeks to impose.</span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;"> In financial services industry too, regulations have been closing in as the citizen at large had been taken for a jolly ride. More than in any other field, financial services impacts the well-being of a person, nay, their very survival based on what financial decisions they take and which products they buy. </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">This is where ethics come into the picture. Ethics are the moral principles which govern a person’s behavior. Some people are endowed with it. Many others are not blessed with it. That is why regulations are required in the first place so that they can prescribe the basic minimum standards to adhere to. This then becomes the hygiene factor; the bar which everyone needs to jump over. </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">But in every industry, we need torch bearers who will go far beyond the call of regulation. That is when the industry will acquire credibility & respectability. </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">Fiduciary standard is now becoming an important component – often the centerpiece of the financial services regulations worldwide. This is a higher standard which imposes huge responsibility on the adviser, whereby the adviser places the client interest even higher than one’s self interest. Hence, the regulation of today may seem bullet proof. But even here, those that want to merely comply with regulations can get away with doing the minimums! </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">An example – in the Investment Adviser Regulations 2013 by SEBI, fiduciary standard is imposed on those coming under the regulation. This regulation also imposes other responsibilities like getting remunerated by client only and not by product manufacturers. The intent in this case was to create true blue advisers who are completely aligned with client’s interests and who represent only their clients. </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">I heard some advisers the other day discussing about whether SEBI RIAs can sell products coming under the purview of other regulators. To me, the question looked self-evident – one cannot sell any commission bearing product whether the product comes under the purview of SEBI or not. That’s because of the principle of representing the client’s and their interests alone and not having any conflict of interest. If one were to have inducements in the form of commissions, an adviser cannot rightfully say that they are acting only in their client’s best interests. They may probably be complying with the regulation in form but certainly not in spirit. </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">This essentially is the problem. When you buy a bathing bar, there is nothing wrong with it. But it is not a soap, which the customer mostly thinks it is! When you buy a tea blend thinking it is tea, again nothing wrong there. But read carefully – it has a whole lot of things other than tea, like tapioca! Are these manufacturers misleading people? From regulatory standpoint, they may not be. But, ethically, they are misleading the public by offering something and leading them to believe it is something else. </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">Ethics is a scarce commodity – in finance & elsewhere. Finding someone who acts in the true spirit of the professional standards who goes beyond the call of mere regulatory requirements are those who become legends in the profession. </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">Let me end with an anecdote. A sculptor was bringing to life a statue. An onlooker sees another similar statue in the room and asks whether he is creating another one of the same type. Continuing his work, the sculptor replies that the other statue is flawed & hence he is creating a new one. The onlooker inspects the other statue and is not able to find any flaw. Intrigued, he asks the sculptor as to where the flaw is.</span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">The sculptor stops work, walks around to the other statue and points to the nose, where there was a small chip on the otherwise flawless nose. The onlooker then wanted to know where the statue would be placed. The sculptor, shows him a place high above on the temple roof. The onlooker is very surprised – “If the statue is going to be placed 40 feet above the ground, no one will know there is a flaw. So why are you making another statue?”. The sculptor quietly says,” But, I know it has a flaw!” </span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="background: rgb(249 , 249 , 249); color: #333333; font-family: "georgia"; font-size: 14pt; letter-spacing: 0pt;">That is what integrity & ethics is all about. It is what you display when no one is looking. It may be difficult to comply with such high standards. It’s rare. It’s priceless. That’s why those who have it, are valued very highly – they straddle their profession like a colossus.</span><span style="font-family: "simsun"; font-size: 14.0000pt;"><o:p></o:p></span></div>
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<span style="color: #990000;"><span style="font-family: "calibri"; font-size: 14pt;"><span style="color: #cc0000;">Author - Suresh Sadagopan | Founder |</span> </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="font-size: 14pt;">www.ladder7.co.in</span></u></a></span><span style="color: red; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-69640998502398160762017-03-08T11:30:00.000-08:002017-10-13T02:28:09.168-07:00What is fair compensation for your adviser?<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: "fira sans extra condensed" , sans-serif; line-height: 26px;">If the charges are almost static, there is no incentive for the adviser to perform,</span></div>
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<span style="font-family: "fira sans extra condensed" , sans-serif; line-height: 26px;"><span style="font-family: "georgia" , serif; line-height: 24px;">Change is a constant now in the financial services space. The financial community has had to adapt quickly to the fast-changing regulations. </span></span></div>
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Here is one change. Financial service providers had traditionally been selling products and bundling incidental ‘advice’ with them, for ‘free’. All good, but the problem was that the distributors’ were guided by the interests of the principal and of their own. While customers thought they was getting ‘true’ advice, they were being sold what the distributor wanted to sell. Apart from that, often, distributors did not have certification, hence their ability advise was constrained. The Securities and Exchange Board of India (Sebi) introduced the Investment Advisor Regulations in 2013, so that customers had access fiduciary advice. These Registered Investment Advisors ( RIAs) were prohibited from getting commissions; their remuneration had to come directly from the customers. Today, there are over 530 RIAs. </div>
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Worldwide, there is a debate on the fee-based model. There are also those who vouch for the asset-linked model. They say that as the value of assets goes up, so does the complexity, hence expertise and more time is necessary to manage them. </div>
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The other argument is that if advisers nurture clients’ wealth, they should be allowed to participate in the upsides too. A CFO in a company is well compensated as her acumen in managing the financial affairs of the company is vital. The compensation reflects the value added, and not just the time spent. The same holds true for a ‘personal’ CFO, which is what an adviser is.</div>
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Even in the investment field—mutual funds, insurance, portfolio management services—the prevailing and accepted model is to charge fund management charges as a percentage of assets. Apart from these, there are management fees, premium allocation charges, policy management charges, and profit sharing too, in different products. </div>
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Those who disagree with the asset-linked model opine that the effort involved in managing a Rs1 crore portfolio is not very different from managing a Rs1.5 crore portfolio. Hence, the extra charges are unwarranted. Again, there is again some truth in this. </div>
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But if the charges are almost static, there is no incentive for the adviser to perform. The costs for an adviser are going up and without a compensation structure, the relationship will not work. So, is there really an alternate model? There is.</div>
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A project-based compensation model could work well when there is a clear-cut project that needs to be completed and delivered. A financial plan would work well under this model. After this, various services can also be accessed <i>a la carte</i>. This means that a customer could opt for some services and not others. So the adviser-client relationship is an on-off affair and not a continuous one. The disadvantage is that the adviser does not have a regular source of revenue. Plus, she also does not have an overall control over the client’s financial well-being. So, the amount an adviser could earn is capped, and scope of engagement is limited.</div>
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If a project-based compensation model was the best model, the corporate world would have only consultants and no employees. </div>
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Consultants need to have many rods in the fire as a project has a specific tenure. After one project is done, they have to move on. They would receive less and their long-term engagement is at the whims and fancies of the client. From the customer’s point of view, they would be paying less and would be getting a less engaging relationship too, in this project-based model.</div>
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There are advantages and disadvantages to both models. Which model the client wants to choose, depends on how deep she wants to engage with the adviser. The asset-linked model enables a deeper engagement. The adviser is invested in the customer’s future and is the client’s CFO. The benefits in this engagement could be high, though the fees paid will also be more than in the other model. </div>
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The project-based compensation model would allow the client to pick and choose what she wants. This pre-supposes the client’s clear understanding of what is useful for her—it may look straightforward but may actually be complicated. Most people don’t know what all is needed to live a financially well-funded life. So, with this model, they may pay less but also achieve a lot less. </div>
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The fee alone should not be a determinant while choosing a model. Rather, the choice should be based on the <a href="http://www.ladder7.co.in/financial_planning/why_is_it_required_" target="_blank">value an adviser could add</a> and whether they can live a fulfilling life, bereft of financial worries. But it’s best to leave it to the wisdom of customers to choose what is best for them. </div>
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<span style="color: #990000;"><span style="font-family: "calibri"; font-size: 14pt;"><span style="color: #cc0000;">Author - Suresh Sadagopan | Founder |</span> </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="font-size: 14pt;">www.ladder7.co.in</span></u></a></span><span style="color: red; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-72313236436028791072017-03-07T11:00:00.000-08:002017-10-16T00:14:38.602-07:00The coming tech-tonic shift in financial services space!<div dir="ltr" style="text-align: left;" trbidi="on">
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Technology is an enabler. Tech is used to make things easier, ensure good quality at low cost, remove mind-numbing repetitive jobs and act as an aid to mainline functions like Sales, Finances, Manufacturing etc.</div>
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The role of tech has slowly changed. From being an ancillary function, they have started occupying centrestage – across industries. In many new age businesses, technology is the heart itself.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><u style="box-sizing: inherit;">Technology as a disrupter -</u></span> Seismic shifts are happening across industries & is going to make a whole lot of people & current processes redundant. Technology also will create many new jobs – but many of these jobs will be highly skilled jobs, which has a high entry barrier.</div>
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Whoever thought an app can disrupt taxis/ autos! Drivers stare at the prospect of losing their livelihood as more and more people choose to travel using Ola/Uber. People may not feel the need for cars at all in future – at the least, multiple cars will go away if a car is just a click away, any time of the day or night.</div>
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Driverless cars are another trend that may mainstream, maybe in the next 5 years. This has huge implications not just for drivers but for car manufacturers as well.</div>
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If driverless cars and carhire services are the future, then the number of cars sold could plummet. The way taxi aggregators operate itself will change. There will be, say, 200 depots throughout the city & the driverless cars will pick/drop a passenger nearest the depot & return to the nearest depot, till it is hired again! This way the number of cars required to service the car using population could probably come down by a factor of 10 – that could be a worry for the auto companies.</div>
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Again tech is disrupting a lot of other areas. Eat out/ Restaurants industry, for instance, have both been benefitted & buffeted by technology. The reach of restaurants in an area has increased due to apps, but many times, they are also forced to lower their rates. Now, the traditional restaurants are facing stiff competition from two new sources – purely online delivery services & home cooks.</div>
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Online delivery services may be aggregators or actual service providers. Aggregators would assist existing restaurants to expand their footprint. Purely online delivery services are the new kid on the block, which is today posing a threat to the traditional restaurants all over a city or atleast vast swathes of the city. They have the advantage of having their kitchen & operations in parts of the city, where rental costs are low. Unlike the restaurants, they need not setup an eatery in a prominent place, need not do up the place, spending a fortune.</div>
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The other competitor is Home Cooks! Now we can all get home cooked food instead of ordering from hotels. In Paris, it has gone one step ahead… Chefs are inviting people to their homes with the prospect of a six course meal with their family, at about one-fourth the price of such a meal in a fine-dine restaurant!</div>
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Disruption is hence everywhere. A mobile phone is all we need today. We can call, click photos, chat, search, purchase, pay bills, check mails… the list is endless. Purchases & payments are increasingly migrating to mobiles. In future, we will use our mobiles for everything else as well – from switching on the TV, checking what is happening at home sitting at office, dimming the lights or starting the washing machine an hour before one gets back home etc. This comes under the head of Internet of Things.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><u style="box-sizing: inherit;">The coming tsunami in Financial Services -</u></span> While there is so much disruption everywhere, is financial services immune from it?</div>
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No way! The disruption in financial services has just started… we have seen nothing yet!</div>
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The Robo Advisory platforms of today are rudimentary. Today, they are asking a few questions & are suggesting a portfolio for the investor. There are others which go a bit further, gather a bit more data, do risk profiling & draw-up a basic financial plan as well. This has led to the financial services community to derisively dismiss Robos, almost concluding that they will never be able to replace human advisors.</div>
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Machine learning, deep learning & artificial intelligence are progressing rapidly. Deep Blue, a software program by IBM, has beaten the best chess players in the world, over two decades ago. Deep Stack of Bowling’s lab, University of Alberta, has won against the best players in Poker, in the no-limits-on-bets version, very recently. This is a huge achievement as Poker is a game with lots of uncertainties & lack of information about others’ “hands”. This program can run off a gaming laptop – not a super computer! This kind of programming would have potential application across areas - from defence to medical sciences.</div>
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If such is the capability of AI, why do we think computer programs would not be able to advice competently? Advisors would be deluding themselves if they think they are indispensible.</div>
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Yet, in conference after conference, I hear “comforting words” which imply that advisors cannot be replaced as they offer counsel , are the client’s trusted confidante, assist them navigate turbulent waters & help them keep their cool. The “psychological counseling & hand holding” portion is being over emphasized. </div>
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AI is advancing rapidly & soon can interpret emotions based on pupil dilation, breathing rate, flushing of the face etc. & offer expert counsel, the likes of which we will find hard to compete!</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><u style="box-sizing: inherit;">Financial Advisors need to work much harder -</u></span> Does all this then mean the death knell for advisors?</div>
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Not necessarily. Robos would attract a huge following by offering advice that is accessible to the population at large, at a small fee, be able to service a very large target audience consistently & by driving the cost to the customer down even on products suggested. As an example, Vanguard has USD 4 trillion in assets & charges an average of about 0.18%!</div>
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But, still the advisors will be there. However, what advisors will be able to earn may come down dramatically, as the new-age Robos become mainstream, acquire human like capabilities & drive costs down – in terms of fee charged for advice, commissions from products & portfolio management fees. </div>
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However, most in financial services field are in denial. They don’t think people will go Direct, don’t think ETFs will mainstream, don’t think robos can advise clients competently… the truth is that financial services landscape is going to undergo a sea change & everyone will be touched. The product distribution & advice is going to be commoditized like never before.</div>
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Product manufacturers would need to change as well - they have to respond with low cost/ high volume products & an online friendly ecosystem to suit the needs of the online advisory.</div>
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There is one thing going for the advisors. People prefer dealing with real people, instead of interacting with a computer program, however good & prescient the computer algorithm. Hence, if the advisor offers a good value proposition, they will continue to be in business.</div>
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Advisors also have to move up to the ground that Robos may not be interested in or may not be able to compete easily. There are many areas where advisors can deliver significant value to a client – life planning , major transition assistance, financial therapy, estate planning , philanthropic planning, life coach, coaching the next generation for wealth transition etc. Advisors can well thrive if they manage this transition well and use Robos for the basics & focus on these high touch, high value areas.</div>
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<span style="background: 0px 0px; border: 0px; box-sizing: inherit; font-weight: 700; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><u style="box-sizing: inherit;">Conclusion –</u></span> The coming tidal wave is real. It will swamp the financial services space, as the current business model will no longer work. The high earnings on commissions & fees would go away. Financial products / services will be largely commoditized. Advisors need to recognize these and use technology to drive down their costs of servicing customers and at the same time moving to high value areas that would add significant value to customers. Those willing to transform are the ones who will survive & thrive. We hope that number is significant.</div>
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Article first appeared on Linkedin: <a href="https://www.linkedin.com/pulse/coming-tech-tonic-shift-financial-services-space-sadagopan-cfp-cm?trk=mp-reader-card" target="_blank">The coming tech-tonic shift in financial services space!</a><br />
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<span style="color: #990000;"><span style="font-family: "calibri"; font-size: 14pt;"><span style="color: #cc0000;">Author - Suresh Sadagopan | Founder |</span> </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="font-size: 14pt;">www.ladder7.co.in</span></u></a></span><span style="color: red; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;">#SureshSadgopan #FinancialPlanner #FinancialAdvisor #Fiduciary #LifePlanning #FeeOnly #HolisticAdvice #Ladder7</span><span style="color: #7030a0; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0tag:blogger.com,1999:blog-36490441.post-66055685085407505222017-01-18T18:00:00.000-08:002017-10-23T23:38:00.822-07:00Should you be investing in shares directly than through MF?<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://www.valueresearchonline.com/story/images/34270_work_documents_options_choose_choice_confused_worried_1_480px__W480__.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Image result for MF vs stocks confusion" border="0" class="irc_mi" height="211" src="https://www.valueresearchonline.com/story/images/34270_work_documents_options_choose_choice_confused_worried_1_480px__W480__.png" style="margin-top: 51px;" width="320" /></a>Here is a cost benefit analysis of investing in stocks directly and through mutual funds.</h2>
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">There would be widely varying reactions when we bring in the subject of equity. Some swear by it & can’t even begin to think of an alternative to that. Some are totally averse to equity & consider investing in equity – gambling. </span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">There are a whole lot of them in the middle who do not care. These people will invest in what is the flavor of the season & keep switching from one instrument to the other, based on what is doing well or what has caught the fancy of the market at that point. Only a small portion of the investors really understand investment philosophy, diversification needs, risk–reward equation, tenure, liquidity, taxation etc. These are the investors who are either savvy themselves or have advisors who are taking care of their investments on a professional basis.</span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">Let us come to a point that seems to hold people in a thrall – Investing directly in equity is much better than investing through mutual funds. Let’s examine this premise. </span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">Equity investments are done directly in company shares. Equity investments are usually done by the investor himself/ herself. Most times the inputs come from their broker. They also take inputs from TV shows, papers & magazines, friends & colleagues and sundry others. Very few have subscribed to professional services or have someone knowledgeable to advice them. Mostly such investments are based on whether the stock in question is going to do well in the next 1/3/6/12 months. Many such investments are churned on a regular basis, to “realize the upsides”. Such investments are random, the logic for investment is questionable, the horizon short term & there is no diversification of any sort. There is no overarching plan with such investments – the only focus is to maximize their money – nothing else.</span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">Sometimes investors also invest based on marquee names. For instance, they may buy stocks of Infosys, ICICI Bank, Sun Pharma etc. - here buying bluechips is an investment strategy. Such investors may keep buying such shares over time. Again, there is no strategy involved at all. One just keeps accumulating shares whenever they can and hope that they would multiply several times and make them wealthy.</span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">Equity investment is not as easy as people tend to think – especially if they want to create long-term wealth. There are successful individual investors for sure in equity – but that number is small. Also, even out of these successful investors only some of them achieved their success through a properly thought out strategy. Others have been just lucky to have invested in some good stocks which have compensated for other bad choices & lack of a coherent investment strategy.</span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">Mutual funds are investment vehicles tailored at those who do not want to invest their money themselves and want to take the help of a professional fund manager. The money collected for a particular scheme from many investors are invested as per the mandate of the scheme.</span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">In this case, the investment calls are taken by the fund manager & his team. The investor himself/ herself need not get involved in deciding the underlying investments. The investors just need to clearly understand the mandate of the scheme before putting in the money – that’s all.</span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">It is the duty of the fund manager & his team to regularly monitor the investments made – in fact, that is the only job they have. The fund manager has the knowledge , skills & experience to sift out the companies from the universe of stocks, analyse them, understand the sectoral fundamentals, tie it up with the country’s economy & the potential for the company / sector, look at external factors including global growth & geopolitical situation. Their team also has access to privileged information much more & earlier than a regular investor; they have access to the management & do have discussions directly with the top brass, to get a perspective of where the company is headed; apart from these, they have access to real time information feeds & software tools. </span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">Since there is also a mandate for the scheme they have to stick to, they would follow a well thought out process through which they will select the candidates. Usually, the portfolios of MF schemes are well diversified across sectors and companies, which an individual investor would find hard put to achieve. Even for a small investment an investor is getting access to the same level of diversification as the scheme! </span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">All these ensure that the quality of the calls taken is good and the portfolio offers a reasonably good return. The risk inherent in the portfolio is lower due to careful selection & diversification. Since the fund manager is a professional, emotions do not come in the way of the investment calls (like it normally does for investors, who get wedded to certain stocks).</span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">Hence, the MF investor need not have to worry about their investments. They just need to check their MF portfolio maybe on a half yearly or annual basis to see if the funds are still being managed well. If there is any need for change, they can cash out & reinvest in an appropriate fund. Liquidity is assured in a MF, unlike in the case of equity – which is again a positive.</span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">There is a cost attached to MF investing; but that would be well worth it, especially if the investor does not have the knowledge, skills & the time to do it himself. Also, investors tend to choose just a few bluechips, again and again. These would anyway be a part of many MF portfolios & there is no need to invest directly, especially where bluechips are involved. As far as the smaller company investments are concerned, the fund managers would be in a much better position to judge & take calls. Most investors burn their fingers especially with smaller stocks – they end up with penny stocks, which prove to be a lag on their investments.</span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">For most people, MF investments are appropriate and would help them get decent returns. MFs do make it easy for investors to participate in equity markets. Only for the few who have the time, knowledge, discipline & skills in analysis would direct equity investments work. They however need to keep tabs on the companies, markets, sectors, economy & global trends & factors. That’s a tall order for most. Direct equity is for a select few. All the rest would be better served by MFs. </span><br />
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<span style="background-color: white; color: #282828; font-family: "noto serif" , serif; font-size: 18px; line-height: 32px;">Article first appeared on Money Control:</span><br />
<span style="background-color: white; color: #282828; font-family: noto serif, serif; font-size: 18px; line-height: 32px;"><a href="http://www.moneycontrol.com/news/business/mutual-funds-business/should-you-be-investingshares-directly-than-through-mf-940784.html" target="_blank">Should you be investing in shares directly than through MF?</a></span></div>
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<span style="color: #990000;"><span style="font-family: "calibri"; font-size: 14pt;"><span style="color: #cc0000;">Author - Suresh Sadagopan | Founder |</span> </span><a href="http://www.ladder7.co.in/"><u><span class="15" style="font-size: 14pt;">www.ladder7.co.in</span></u></a></span><span style="color: red; font-family: "calibri"; font-size: 14pt;"><o:p></o:p></span></div>
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<div class="blogger-post-footer">Success Planned... through Financial Planning.</div>Suresh Sadagopanhttp://www.blogger.com/profile/14753215389135053112noreply@blogger.com0