IPRU

Insights
AN INVESTOR EDUCATION INITITAVE BY

Issue 03,2020

Reining in
investment behaviour

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 INDEX
CEO Letter: Reining in investment
behavior
03

CIO Letter:The Art of Investing during

04
uncertain times

Infograph : How to invest digitally 05

Checklist : 5 Benefits of Investing Digitally 06

Digital Bytes by Lisa Pallavi Barbora 07

Taxation associated with 08

the redemption of Mutual Fund schemes

Guest Column : Aarati Krishnan 10

Quiz : Are You Ready to Test 12

Crossword 13

Storyboard : Don't panic amidst the 14

pandemic, invest more

Fitness:Maintaining fitness while

15
staying indoors

Recipe : Rice Kheer/ Rice Pudding 16

Travel : How to productively stay 17

indoors and work from home

Movie Review : Angrezi Medium 18

Disclaimer 19
 CEO Letter

Reining in investment
behavior
Mr. Nimesh Shah, MD & CEO, ICICI Prudential AMC

While the equity markets have been highly volatile in March, it will be more remembered as a month that
saw two Lower Circuits for the markets. The recent correction in the Indian markets has been quite sharp,

-
cially the ones who had started investing over the last 2-3 years, might be seeing negative returns in their
investment portfolio. However, they should not let the emotions take control of their investment journey
and instead remember, “Tough times do not last, tough people do.”

While this has been an exceptional situation for the markets as well as the Nation, the investors should

goals. In this backdrop, it would also be worthwhile to mention that S&P BSE Sensex has generated 14.9%
CAGR since its inception in Dec. 1978 (as on 27th March 2020, source: [Link]) and Rs. 1 lakh
invested in 1978 would have become Rs. 2.98 crores now, inspite of the sharp corrections during the recent
times. (Actual results may vary). However, such returns may not have been possible if one had left the
-

While the fear quotient may already be high, one should not forget the fundamental investment principles

one would be tempted to switch the portfolio to debt securities for better returns and more primarily to
protect the invested capital. However, one should not get overweight in debt and continue to stay

You should also remember that redeeming at this point in time would convert your paper losses in equity
markets into actual losses, and you may also not be able to participate in future market rallies, as and when
markets stage a recovery. The redemption of the investment portfolio must be preferred only when one

These are indeed the testing times for retail investors, and one must continue to stay committed to their

the way forward in your investment journey. Financial advisors can help you review your investment port-

register a Systematic Investment Plan (SIP) to invest regularly in the markets without letting the emotional

across the market cycles. Happy Investing!

03 IPRU Insights
 CIO Letter

The Art of Investing during

uncertain times

Mr. S. Naren, ED & CIO, ICICI Prudent ial AMC

The outbreak of the Coronavirus pandemic has brought a sense of uncertainty into the global economies
considering the disruptions in economic activity it has brought along. The lockdown situation in India will

disruptive impact one small virus can have on the economy.

Life, as we know, continues to surprise us at various moments. It is not possible for us to predict what lies

hardly guess which way markets will be headed in the near term. However, what is more important for the
investors is to stay on the right track in their investing journey and focus on long term market outlook.
While the valuations are far more reasonable now than what were prevailing a quarter ago, the fear of mar-
kets falling further is not allowing the investors to invest at the current levels.

While it is often advised that one should stay calm during such market periods and stay committed to their

across the market cycles. The investment philosophy must be goal-oriented and not event-oriented. Stay-
ing goal-oriented allows investors to ignore short term movements and stay focused on long term goals.
There are two critical facets for portraying such commitment by the investors, viz. continuing to invest
amidst market volatility and continuing to maintain optimal asset allocation in the investment portfolio.

through Systematic Investment Plans (SIPs). Whether the markets are going up or down, the investment
process is automatic without any need for manual intervention by the investors post SIP registration. This
eliminates the probability of emotional bias into the investing journey as well, which is highly required,
especially during uncertain times. One can also consider topping up the investments in the current scenar-
io to gain from the prevailing lower valuations.

investment portfolio. This allows the investors to mitigate the investment risk to some extent, as the
underperformance of one asset class may be compensated by a better performance by the other asset
class. The intent of maintaining optimal asset allocation enables the investors to increase equity exposure
at lower valuations. Further, the periodic rebalancing of the asset allocation allows the investors to book

mitigates the downside risk for the portfolio.

It is often said, “Life is a journey, not the destination.” The same goes for the art of investing, which is less
about the destination, but more about the investment journey. Don’t let this journey stop mid-way amidst
uncertain markets. It is now time to stay responsible in the investment plans and stay committed to the

04 IPRU Insights
 Infograph

How Goal
to planning and
investitsdigitally
importance

Modes of investing digitally

1 2 3
Websites of Asset Management Mobile Applications Digital Platforms
Companies (AMCs) of AMCs and Portals

The Process of Investing in Mutual Funds Digitally

01 Login to the website/ mobile app/ digital platform

KYC Compliance will be validated through PAN 02

03
If the KYC compliance is not verified, investor needs to complete the KYC
process online.

The investor needs to provide the details of investment including scheme

name, investment amount, SIP details if applicable, bank details etc. 04
05
The portal will then proceed to the payment gateway, from where the
investor needs to pay through internet banking/ UPI etc.

Post the payment confirmation, an acknowledgement will be generated and

also commmunicated through SMS/ E-Mail etc. 06
PROCESS COMPLETE.

05
 Checklist

Goal planning
5 Benefits of and
its importance
Investing Digitally
With social distancing becoming the new norm in the fight against Coronavirus pandemic, The
Association of Mutual Funds in India (AMFI) advised all the mutual fund houses to keep all the official
Points of Acceptance (POA) closed for physical acceptance of mutual fund applications.

During such times, mutual funds have been accepting online transactions through various electronic
modes, like websites, digital platforms, apps, etc. Such a step not only protects the investors as well as
the employees in the current situation, but also enables the investors to reap the various benefits of
investing digitally.

Convenience of Digital applications and portals allow the investors to

Investing with a invest in mutual fund at any point of time conveniently
from any place with internet connectiveity.
click of mouse

Ease of Tracking Since the investors can make transactions at their own
convenience and complete the investment details
Investments themselves, they can enjoy complete control of their
investment transactions.

Once the investor undertakes the imvestment transaction

Instant over internet, he/ she gets an instant timestamped
Timestamped confirmation of such transaction. Such confirmation
assumes importance, as the actual transaction time forms
Confirmation the base of applicable transaction date and NAV.

The investor enjoys a complete host of services including

folio valuation, transaction statements, SIP registration,
Digital Records etc. on the online portals. The availability of instant
information regarding the investments allows the investors
to take charge of their investments.

Stay safe and enjoy digital investing!

06 IPRU Insights
 Digital byte

The digital byte Author: Lisa Pallavi Barbora

Being locked in has meant very little physical activity, after a few days of binge eating, it’s now become a necessity
to adopt a healthier routine. My usual store for salad greens was overflowing with home delivery orders and
unlikely to relent a delivery slot for my last-minute order. There was no point calling on the phone because lines
were constantly busy. As I stressed about my dilemma of putting on more weight, a surprise whatsapp forward
gave me the precise solution I needed.

Purchasing greens…just a few click away

Imagine my joy at seeing a whatsapp link for a vendor who specialises in fresh leafy greens and herbs. I promptly
placed an order from this organic, farm to home source. Whatsapp is fast turning into a reliable order platform
even for farm to home dairy products like paneer and butter and other essentials needed in bulk for people in our
housing society. Orders are placed individually on a google form, shared through whatsapp and delivered collec-
tively to the society on a chosen day of the week. Payments are done online through net banking or a mobile
payment app.

While mass e-commerce seems to be struggling, niche enterprises are finding new ways to encourage digital
orders from smaller markets in specific locations.

Being entertained digitally

Thankfully entertainment went digital a few years ago – both mass and niche. The lockdown has enhanced this
further; sitting at home now one can view any kind of specialised show or even live performance. Bookmyshow
- the ticket booking app, in a bid to remain relevant, now brings live performances to one’s screen at home. It
could be poetry, stand up comedy or any other entertainment show of your choice. There are live jungle safaris
from South Africa being telecast on YouTube, to be watched across the world.

Food done, entertainment done, what else does one need when stuck at home? Perhaps a workout routine to
overcome the food indulgence? This too, I realised, could be done with an online trainer on YouTube, guiding you
from start to finish.

When schooling goes online

I talk about the lighter pursuits of the average day at home, but the most earnest attempt at adapting to a digital
format has surprisingly come from schools, teachers and students alike. The most efficient utility for the Zoom
conferencing application lies in the academic lessons that school teachers undertake with a group of students
every day.

Schools being shut indefinitely can have a myriad of consequences for young children. Some have started a new
academic session, others were between examinations and yet others were preparing for a difficult year ahead.
For all of them the speed with which schools moved their learning programs online is a definite boon. Be it, Zoom
sessions or an entire system Google sheets and forms for teaching and assessing new concepts, it all came
together smoothly. Being in touch with their school teachers and friends has given children the comfort of
normalcy that one seeks in times of crisis. Its remarkable how easily and quickly, traditional brick and mortar
schools have moved teaching online.

Then there are those guitar lessons which have moved online and the sports related fitness sessions from my
children’s squash club which has also moved online. Creativity too doesn’t get a pause in times of lock in, with
several online platforms for arts and crafts being shared by the school and across all the parent whatsapp groups.

Adapting to a digital life is the need of the hour today.

Be it, reading newspapers, working out with your trainer, studying with your teacher, learning pencil work with an
art expert or for that matter watching Italian global music icon Andrea Bocelli perform a unique solo live from
Duomo Cathedral in Milan, Italy, it’s all online. The Italian concert is about music for hope they say, a hope
towards being normal again.

The content of this page does not form part of Investor awareness initiative.
07 IPRU Insights
 Tax Corner

Taxation associated with

the redemption of
Mutual Fund schemes
Tax Guru [Link] Jain

Categorization of Mutual Funds for Taxation purpose

For income tax, all mutual fund products can be classified into two categories,
equity-oriented mutual funds, and non-equity oriented mutual funds.
An equity-oriented mutual fund is such a scheme wherein a minimum of 65% of investible
funds of a scheme continues to stay invested in shares of domestic companies listed on
Indian stock exchanges. Further, it also includes Fund of Funds, which invests a minimum
of 90% of its net assets in units of another Exchange Traded Fund (ETF) tracking an
equity-oriented index investing in a minimum of 90% of its funds in shares of domestic
companies listed in India. It is also interesting to note that the investments made in equity
shares of companies listed outside India do not qualify to be considered for the above
investment limits.

The second category of mutual funds is the residual category comprising of all such mutual
fund schemes, which cannot be classified as equity-oriented mutual funds. Thus, this
category would include all debt funds like overnight funds, liquid funds, short term funds,
income funds, Gilt funds, Fixed Maturity Plans (FMPs), etc. Likewise, all the gold ETFs, gold
saving funds, other fund of funds, international funds, funds of foreign fund houses, etc.
would also fall in this category.

Specified Investment Period for qualifying as Long Term Capital Gains (LTCG)

The tax rate on sale/ redemption of mutual fund units varies depending on the category and
the holding period for which the units were held on the date of sale/redemption. The
specified period for all equity-oriented schemes for the purpose of categorization of gains
as Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) is 12 months. As
such, if the units in such mutual fund schemes are held for less than 12 months, the resultant
gains will be classified as STCG, and any gains for investments in equity-oriented funds held
for 12 months or more are classified as LTCG. Such a specified period for non-equity
oriented mutual fund schemes is 36 months.
IPRU Insights
08
 Tax Corner Taxation associated with the redemption
of Mutual Fund schemes
Tax Guru [Link] Jain

Tax applicable and exemptions available

LTCG on equity-oriented funds is taxed at a special rate of 10% (plus applicable cess and
surcharge) without the indexation benefit. Further, an exemption of Rs. 1 lakh a year is also
available for all the LTCG on equity-oriented schemes as well as listed equity shares of
domestic companies in aggregate. STCG from equity-oriented funds is taxed at a flat rate
of 15%. Further, any gains on such schemes earned by the investors till 31st January 2018
are also exempt due to special grandfathering provisions included under the law by the
Govt. while introducing such tax on LTCG on equity funds.

On the other hand, STCG from non-equity oriented schemes is taxed at the regular tax rates
applicable to the investor. LTCG from such funds is taxed at 20% with indexation benefit.
As such, the LTCG can be calculated by subtracting the indexed cost of investment from
the redemption proceeds. One can also avail tax exemption on LTCG of both the category
by investing the net sale proceeds towards purchase/ construction of residential house
under Section 54F.

Benefit for Shortfall in the basic exemption and availing deduction under Chapter VIA

The income tax laws provide for a basic exemption limit of Rs. 2.50 lakhs for the individual
taxpayers, wherein no income tax is chargeable. If the income of a resident individual
taxpayer falls short of this basic exemption limit, the taxpayer can reduce the LTCG for such
shortfall amount, and only the balance LTCG will be taxed as per the rates applicable. A
similar benefit for the set-off of the shortfall in basic exemption limit is also available in
respect of STCG on equity-oriented schemes. However, this entire provision is only
applicable to residents, and non-residents cannot avail of such a set-off benefit.

Further, one is not entitled to claim any deduction under chapter VIA against such capital
gains taxable at special rates. The deductions under Section 80C, 80CCD, 80D, 80G, 80GG,
etc. are covered under Chapter VIA. Since STCG on non-equity oriented funds is taxed at
regular rates, the taxpayer can avail the deductions in respect of such STCG.

The resident taxpayers with taxable income up to Rs. 5 lakhs can also avail tax rebate under
Section 87A up to Rs. 12,500/- which can be adjusted against the tax liability in respect of
regular income, including capital gains except for LTCG on equity-oriented schemes.

The author is tax and investment expert and can be reached at jainbalwant@[Link] and
@jainbalwant on twitter

IPRU Insights
09
 Guest Column

Building an emergency fund Aarati Krishnan

‘Bad things cannot happen to good people’ – that’s what seem to think that owning 3 to 6 months’ worth of expens -
most of us secretly believe when natural disaster or adver - es in an emergency fund is enough. In India, some advisors
sity strikes others. But the circumstances created by the believe that 2 years’ worth of expenses must be stashed
renegade COVID-19 and the lock-down that has been away to be absolutely safe. For most folks, the ideal
imposed to rein it in, have reminded us that bad things can number probably lies somewhere in-between, at 9 to 12
happen to anyone. months’ worth of expenses.

Even seasoned investors who thought they had fool-proof Rather than get daunted by these numbers, if you are just
starting out on your career, you can start small with a
we know folks who had robust term and health insurance 6-month emergency fund and build it up as your income
plans who’ve suddenly found that such covers may not levels increase. The size of your emergency fund, like any
protect them against quarantines or out-patient treatment.
Those who boasted of owning no emergency fund situation and life stage.
because they were sure of anytime liquidity from their giant
If you are in your twenties, in the pink of health, still living
their shares at bargain-basement valuations. Those sitting
can make do with just 6 months’ expenses, as emergen -
visiting the locker is a tall ask, leave alone encashing those cies will not land you in dire straits. In your thirties, if you
holdings at a good price. acquire a family and some EMIs to service, the emergency
fund will need to expand to make room. By the time you are
In short, COVID-19 has reminded us quire rudely why creat - incan
yourapply
forties,lessons
you’ve usually
from got several
Union commitmentsto
Budget-making you
your
can’t renege on and it’s pretty hard to scale down your
lifestyle too. This calls for a fatter emergency fund. In your

allocation or fund choices would be very like building a

Creating a household budget
under a cloud and your emergency cushion needs to
multi-storey apartment block with a wobbly foundation! acquire generous proportions.
At the government, preparations for the Union Budget
tide over tough times? Here are a few tips. exercise
Life in February
stage apart, usually
other factors begin the
that decide many size months
of your in
advance. The
emergency cushionprocess
are –kicks
natureoff ofwith all the Ministries
employment (the
under the government being as ked
salaried are better placed than the self-employed with to present their
How large?
‘Demands for Grants’ to the Centre. Demands for Grants-
The primary purpose of an emergency fund is to help you bleare the lists ofthe
component), expenses foryour
identity of theemployer
upcoming yearliability
, your broken
tide over nasty phases in your life where illness, a pay cut or down into individual heads.
a job loss interrupts your income or requires you to shell dependants (more they number, the bigger your cushion
In the December 2019 issue of I-Pru Insights,
out a large lumpsum that is beyond your means. Now we we took needs
A ‘demandDo
to be). forfactor these
grants’ canin while
be a computing
good sta rting the size
point of for
you on
know thata quick walk-through
out-of-the-blue of thelike
events tenpandemics
unmissable can your fund.
steps your household budget too, though you would need it
you need to take to
precipitate such situations [Link] wealth through with a monthly and not yearly frequency. Get the
planning. This month, we kick off a more leisu rely What members to include
of your household to list down all the
journey
When through
building up aneach of thosefund,
emergency ten one
steps. Here’s
of the key the
deci - expenses that they expect to incur in the coming month,
sions
oneyou’ve got to take is on how large it needs to be. Be
on budget-making. 3 months, 6 months and 1 year. When doing this, don’t
need
sticktoonly
be intothe
thefund. But how
spending ondo you get include
products, at the monthly
se rvices
falling severely short in an
Come February 1, most of the emergency defeating its very sum?
press change too. An urban family in India today spends far more on
purpose.
tuningMake
into, it too large, and
dissecting and analysing
the opportunity loss from
the Union Budget intangible se rvices such as mobile data bills,
for 2020-21 presented by the Finance Ministe r. Now, if ToUber calculate your
and Ola emergency
rides fund therefore,
and st reaming it is best
content than it doesto on
in low-risk investments) may prove a dead-weight on your start out with an estimate of your monthly
the Indian Government which rakes in Rs 20 lakh crore in roti kapda makaan. To be su re you’re not missing out on living expenses.
overall portfolio
revenues returns.
every year, accesses mar ket borrowings on tap Given that we must expect to live frugally during such
big items, collect all your famil y’s monthly bills – Kirana
periods, any household budgeting exercise that you’ve
and has money-printing powers needs to prepare a s tore bills, utility bills and credit ca rd statements for a
When asked to estimate how large an emergency fund already undertaken can be put to use when estimating your
Budget every year, shouldn’t you be doing it too? You month befo re you sta rt on the budget.
living expenses. Do include only needs and wants and leave
should.
multiple of your monthly expenses. Globally, most advisers
You can then get down to classifying these expenses
But not everything the all-powerful Government does into absolute essentials, indulgences and luxuries.
can apply to your personal budget. here’s how you House rent payments, conveyance, school fees, medical

10
 Guest Column

out luxuries when arriving at your monthly outgo towards These dire events usually have the bad habit of coinciding
an emergency fund. Your emergency fund target can grow
too large for comfort if you budget for family vacations or mutual funds. Therefore, when parking your emergency
wardrobe refreshes! money, avoid the temptation to shoot for extra percentage
points in returns and go for the avenues that give you most
When estimating your monthly expenses don’t forget to comfort and peace of mind on your capital. This means
include the essential services you consume – your avoiding equities entirely, going in for overnight or liquid
payments towards your domestic help, home or car funds instead of other debt funds, choosing bank deposits
repairs, flat maintenance, laundry and ironing services for over corporate deposits/NCDs and sticking to leading
instance. reputed banks, rather than newbies with riskier models.

While estimating recurring expenses such as utility bills, Two, liquidity, or the ability to convert your investment into
medicines, rent and groceries may be quite easy, you also cash at immediate notice and at a transparent price must
need to make provisions for one-off expenses such as be the primary attribute you look for while choosing these
servicing your car, college/school fees or replacement of investments too. This means avoiding illiquid physical
essential appliances, that crop up at least once in six assets such as real estate or jewellery for your emergency
months. If you have monthly EMIs and insurance premi - fund. Partly liquid avenues such as sovereign gold bonds,
ums that you pay at different times during the year, don’t ETFs, bank bonds, NCDs or deposits that cannot be termi -
forget to factor those in. You don’t want to end up with a nated prematurely, are avoidable too. While liquidity in
bad credit score or let your insurance policy to lapse when these vehicles may look manageable in normal times, it is
you most need it!
strike, you don’t want to be left holding paper investments!
Take a relook at your insurance plans to know what they
don’t cover. If your health insurance has exclusions, a wait - Three, canevents
applysuch as thefrom
lessons Chennai
Unionfloods and the COVID
Budget-making to your
ing period or doesn’t cover out-patient treatment, your pandemic tell us that circumstances can sometimes
emergency fund needs to budget for this. conspire to make our digitally held assets inaccessible to
us. During the Chennai floods, most telecom networks
Creating a household budget
were down, electricity was off and ATMs were non-func -
Where to invest
tional. Having some hard cash on hand was the only lifeline
Finally, having arrived the rough sum you need to target for for At
folksthetogovernment, preparations
meet their essential for the
expenses. TheUnion
COVID Budget
exercise in February usually begin
lock-down also makes it risky for you to make frequentmany months in
your emergency fund, where do you invest this money?
Well, experience suggests three things to keep in mind. ATMadvance.
visits to drawThe cash.
process kicks off with all the Ministries
under the government being as ked to present their
One, when choosing investments for your emergency ‘Demands
These experiencesfor Grants’
argue forto holding
the Centre. Demands
a small part of for
yourGrants
money, ignore returns and prioritise capital safety. The are the lists of expenses for the upcoming year broken
times when you are most likely to need your emergency word [Link]
down As individual
cash is a zero-return
heads. asset, don’t go over -
fund, is when the economy is going down the rabbit hole, board with hoarding currency. A sum of Rs 10000 should
In the your
the sector December
work for2019
is inissue of I-PruorInsights,
hot waters, helpAmeet
we took
when your immediate
‘demand needs can
for grants’ for most
be amiddle- income
good sta rting folks.
point for
youoron
income a quick walk-through
employment are at risk. of the ten unmissable steps your household budget too, though you would need it
you need to take to create wealth through with a monthly and not yearly frequency. Get the
planning. This month, we kick off a more leisu rely members of your household to list down all the
journey through each of those ten steps. Here’s the expenses that they expect to incur in the coming month,
one on budget-making. 3 months, 6 months and 1 year. When doing this, don’t
stick only to the spending on products, include se rvices
Come February 1, most of the press change too. An urban family in India today spends far more on
tuning into, dissecting and analysing the Union Budget intangible se rvices such as mobile data bills,
for 2020-21 presented by the Finance Ministe r. Now, if Uber and Ola rides and st reaming content than it does on
the Indian Government which rakes in Rs 20 lakh crore in roti kapda makaan. To be su re you’re not missing out on
revenues every year, accesses mar ket borrowings on tap big items, collect all your famil y’s monthly bills – Kirana
and has money-printing powers needs to prepare a s tore bills, utility bills and credit ca rd statements for a
Budget every year, shouldn’t you be doing it too? You month befo re you sta rt on the budget.
should.
You can then get down to classifying these expenses
But not everything the all-powerful Government does into absolute essentials, indulgences and luxuries.
can apply to your personal budget. here’s how you House rent payments, conveyance, school fees, medical

11
 Quiz

Are You Ready to Test Yourself ?

Q1. The valuation of debt securities Q5. The time limit for investment in Q8. Multi Asset Fund must hold at
increases when the interest Equity Linked Savings Schemes least 20% proportion each in three
rates decrease. (ELSS) for claiming deduction asset classes.
A. True year 2019-20 has been extended A. True
B. False up to 30th June 2020. B. False
A. True
Q2. The cost of the side-pocketed B. False
units is considered zero. Q9. SIP stands for
A. True Q6. Large cap funds invest a minimum A. Small Investment Plan
B. False of 80% in the shares of large cap
B. Systems in Place
companies. C. Systematic Investment Plan
D. Symmetrical Investment Plan
Q3. No exit load is applicable on A. True
overnight funds. B. False

A. True Q10. Indexation is not allowed on Long

Term Capital Gains from equity-
B. False Q7. An ETF can be traded only at the oriented funds.
NAV of such fund.
A. True
A. True B. False
Q4. ETF stands for
B. False
A. Entry-level Trading Fund
B. Exchange Tested Fund
C. Exchange Traded Fund
D. Estimated Test Fund
Answers: Q1:A, Q2:B, Q3:A, Q4:C, Q5:A, Q6:A, Q7:B, Q8:B, Q9:C, Q10:A

12 IPRU Insights
 Crossword

1 2 3 4 5 6 7 8 9 10

M O R A T O R I U M

HORIZONTAL
This is the term used for the period for which the principal and/ or interest payments are
deferred by Banks and Lending Institutions.

VERTICAL
1) This television show, re-aired in 2020, became the World’s most watched show with 7.7
crore viewership.
2) This Company bought around 10% stake in Reliance Jio for USD 5.7 Billion in A
3) This State of the US declared World Wrestling Entertainment (WWE) as an essential
service during Covid-19 induced lockdown.
4) This Brand rebranded itself as ‘Bharat Ka Apna Biscuit’.
5) This web-series, aired on Amazon Prime Video, is the production debut for Bollywood
actress Anushka Sharma.
6) This Company announced May 22 as a holiday to address Work-from-Home burnout
issues.
7) The donations to this fund created in 2020 provide 100% deduction for income tax.
8) The leading international hotel chain ‘Marriott’ partnered with this Company for offering
food through delivery.
9) ________ Institute of India has partnered with Oxford Institute for development of Cov-
id-19 Vaccine.
10) ________ Super Cyclone made a landfall in India in May 2020.

Take a pictu re of the sol ved c rosswo rd , and mail it to jinsy_mathew@[Link] to win a
prize! You could also write t rect answe r.

The winners of this c rosswo rd will recei ve a co py of an inte resting bestseller !

13
06 IPRU Insights
 Storyboard

Don't panic amidst the

pandemic, invest more
Aren’t you aware? The country Yes, it is important
I’m thinking we is going in a lockdown! These to remain practical
are weird times. It is better to and take
should make a trip to
stock up on food. The markets precautions, but
the local supermarket. panic is not going
are crashing, we can no longer
think of work or growth, it is to help. See, it is
Look at what true we are going
down to survival now.
happened in Spain in a lockdown and
and Italy, I am afraid there will be a
No dad, you
What for? are panicking!
it may happen here lesser supply of
again. food. But if 10
people stock up
on the resources,
then 100 people
who come to the
supermarket after
them wont have
anything left. The
need of the hour
is that everyone
takes just what is
required and not
more. But, if you
In this market ? So, I could just invest a lumpsum! want to stock up,
you should stock
up on the mutual
Absolutely, right now That is not wise, papa. You funds.
when everything is should always do regular
crashing down, everything investments over a period
is super cheap. Eventually, of time. That gives you a
when the world window to monitor your
overcomes the pandemic, performance and also
the markets may soar high reduces the average cost
again and you can make of units.
huge profits.

To my room, to get my phone,

to call my advisor and invest
You are right. I think I
more.
should go now.

Where ?
Good !

14 IPRU Insights
 Fitness

staying indoors
By Juhi Kapoor

The Coronavirus lockdown has now left us with no option but to stay indoors, for our own wellbeing.
However, that doesn't alter the fact that we still need to maintain our physical health along with our
hygiene. Those who have always been about working out and indulging in fitness might be missing the
gym right now, however, now is the time when you can get creative instead of lazing around inside the
four walls of your home. Fitness is indeed a significant aspect of our lives, whether or not we enjoy the
gym.

And so, owing to the fact that we are all staying indoors, here are 5 easy ways to keep up with the fitness
quotient while working/studying from home:

Stay hydrated
It is highly necessary that you keep yourself You can't simply go munching on those chips
hydrated and drink at least 3 liters of water every every time you want to snack, however, once in a
day. Because you are home, it becomes all the while is okay, provided you are following your
more essential to be a regular at it and in fact, routine. Anything you eat in moderation is accept-
maintain a routine. able, but don't stuff your diet with carbs because
you are home.

Be positive
Don't sit around on your laptop
It is highly necessary that you have a positive
approach to what you are doing and how you do We are all working from home right now, but that
it. There is always a way out to do things and it is does not have to mean us being glued to the
only a matter of time until it feels like just another screens for 4-5 hours unless we get up for a lunch
day with you keeping up with your routine. break or, a loo break. It is necessary to have a
quick walk around every hour, if not 45 minutes.

Bodyweight workout Other indoor activities

Start off with simple basic exercises and as time Online workouts have become a thing, now that
goes by, you can increase the reps, go on for half the world has been quarantined. You can tune
longer, or even add the number of exercises to into live aerobics sessions or indulge in mat
the list. Make sure to evaluate at the end of the Pilates if you like. There are so many things to do
week as to how have things been working out to as long as you want to stay fit!
make tweaks accordingly.

Turn to Yoga
Since we don't know how long this is going to
go for, we need to keep our minds sane and
well, Yoga helps. You can start your day with
some Yoga, or end with it, depending on
whatever eases you out. Opt for online chal-
lenges, check new videos out, and you will
also have fun while you do it.

15 The content of this page does not form part of Investor awareness initiative.
IPRU Insights
 Recipe

Rice Kheer/
Rice Pudding
By Darshini Bhuta

To help prevent the spread of Corona virus,

the nation is under lockdown. With so much
time on our hands, we can utilize it by cooking
something sweet for our family. Kheer is one
such Indian sweet dish that is easy to make
with minimum ingredients that can be found
easily in our kitchens. Not only is it easy to Preparation time – 5 mins
cook but is also a very popular sweet dish Cooking time – 30 mins
Total Time – 35 mins
across different age groups. Kheer is cooling to Serves 4 people
have in hot summers post lunch or dinner.

stirring it continuously on medium [Link]

Ingredients: is to be done till the mixture thickens and rice
fully is cooked. It will take approximately 15
• Full fat milk – 4 cups or 1 liter minutes
• Long grained or basamati rice – ½ cup
(half boiled) Once the rice is cooked and consistency of
milk and rice is thick, add ½ cup sugar. Stir the
• Sugar – ½ cup sugar
mixture till sugar is melted and the mixture
• 1 tbsp milk thickens. Keep on stirring it so that it doesn’t
•1 tbsp chopped almonds stick to the bottom of the pan
•1 tbsp pistachios
•1 tbsp raisins In another pan, dry roast saffron strands for 30
seconds and add milk and cook on medium
•1 tsp cardamom powder flame. Keep the saffron and milk mixture aside
•Few saffron strands for garnish (optional)
Once the milk, rice and sugar mixture reaches
it desired thick consistency, add the
Method: cardamom powder, chopped almonds,
pistachios and raisins and cook for few more
Rinse a deep non stick or heavy bottom pan minutes
with ¼ cup water and simmer it for 2-3
minutes. Discard the water and heat milk in the Lastly add the saffron milk mixture to the main
same pan and bring it to a boil. This step would mixture and cook for few minutes
prevent milk from burning from the bottom as -
water forms a protective layer between pan Switch off the flame and serve the rice kheer.
and milk Alternately you can also serve after cooling it
sometime in the fridge and serve it chilled!
Add the half- boiled rice in milk and keep on

The content of this page does not form part of Investor awareness initiative.
16 IPRU Insights
 Travel

How to productively
stay indoors and
work from home
By Juhi Kapoor

We all know that the entire nation is under lock -

down due to the Coronavirus outbreak, and
while we are all taking this time to indulge in
rest, there is also a sense of productivity that we
must bring along while we are at it. Being home
all day does not have to mean one simply eats
and sleeps, however, it also does not have to
mean that one just works all day. This is the time
to do everything productively and put it to the
right use, so here is how you can stay indoors
and work from home without actually breaking
the harmony.

1. Develop a new skillset

During this time when social distancing has left us all working out of our
homes, it has also brought about digital closeness in a manner that

course you wanted to, or, simply take to YouTube and learn something new
- could be anything from cooking to sketching.

2. Don't overwork yourself and rejuvenate 4. You must eat healthily

There is very little to do when we are at work One might not have all resources available to have
and so, one does not have a choice but to leafy vegetables or keep up with their diets, howev -
remain seated on their chairs until it is time for er, non-perishable food items like millets, pulses,
lunch, or a quick snack break. However, when etc, can help you maintain a balanced diet, without
you are working from home, you can rejuve -
nate yourself just how you like it - taking a walk boost your immunity with turmeric, Yogurt,
every 90 minutes, take a power nap, or snack Almonds, etc.
when you feel like, simply anything.
5. Keep up with a routine
3. Be mindful One of the most important things to ensure during
Indulging in yoga, or meditation could be this period is that your life is not all over the place. It
extremely rewarding during this time given the is highly necessary to practice discipline even when
fact that we don't know how long is this lock - you are home because it might disrupt your
down going to last after all. Calm yourself process forever otherwise.
-

your daily process.

17 The content of this page does not form part of Investor awareness initiative.
IPRU Insights
 Movie Review

ANGREZI MEDIUM
Story of unconditional love a father has for his

dreams
Director : Homi Adajania
Cast : Irfan Khan, Radhika Madan, Deepak
Dobriyal, Kiku Sharda and Kareena Kapoor Khan

Rating : 3.5 out of 5 stars

Reality shown with beautiful subtility which
exits in our society

Emotions - Heartwarming, Touching, Funny

and Emotional

By Darshini Bhuta

Champak Bansal (Irfan Khan), a single parent is based in

Udaipur and is a small time businessman who owns one
of two; Ghasiteram’ sweet shops in the same locality.
The other “Ghasiteram’ belongs to his brother Gopi
(Dobriyal). Champak’s life revolves on being a doting
father to daughter Taru or Tarika (Madan) and squab - generation gap. It also shows the cultural differ -
bling with brother over whose shop bears the original
brand name ‘Ghasiteram’. Though both brothers have lot
of love for each other, they also have legal case going on highlight many incidents in one go, thus making it
over who owns the original shop which has been running
since generations. The court gives the verdict in favor of fails to make use of their potential. Like for exam -
Gopi, who, later on, in a drunken state reveals that he had ple -Kareena Kapoor role as a strict cop is very
bribed the judge Chheda (Zakir Hussain) to do so. short and adds to the chaos in the second half.
Music is not noteworthy apart from “Ek Zindagi”
Meanwhile, right from childhood Tarika dreamt of going which is quite nice.
abroad and her chance came when the school gives an
opportunity to three students to pursue higher education Irfan Khan as the doting father is fantastic and
in UK. Taru being an average student works quite hard portrays the mix of emotions beautifully. Radhika
and gets selected for the scholarship. Things take a turn Madan also plays role of a slightly rebellious but
when in felicitation ceremony Chedda is the chief guest loving daughter wonderfully. Deepak Dobriyal also
and Champak is invited to give a speech. Champak plays the role of Irfan Khan’s sidekick perfectly.
informs the audience about the bribe taken by Chedda,
who also happens to be the husband of the school’s
principal. Due to this the principal in anger cancels moments between father and daughter, camara -
Taru’s scholarship. Champak then promises Taru that derie between the two brothers and some
come what may he will get her admitted to the University unwanted ones between [Link] (Dimple Kapa -
in UK. From here on a series of incidents happen which dia) and her daughter (Kareena Kapoor). One can
take the story forward and are mixture of drama, never understand why they are at loggerheads.
humour and emotions.
performances from its lead actors.
study abroad, thus reflecting on teen rebellion and
The content of this page does not form part of Investor awareness initiative.
18 IPRU Insights
19 IPRU Insights