No matter how many years pass by, Madhuri Dixit will always be remembered as Bollywood's Dhak Dhak girl. Not everyone is as blessed with their moves as she is, and she remains a true dance icon for today's actors. And now we know, she had a thing for dance right from her childhood.

The actor took to Instagram to share a throwback photo from her school days, wherein she is seen performing on the stage with her sister. "This is one of my favourite memories that I have with my sister. We used to always take part in school competitions. Here's sharing a #MajorThrowback childhood memory with my favourite dance buddy. Let me know what is your favourite childhood memory! P.s. Can you tell us apart?," she wrote.

 

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This is one of my favourite memories that I have with my sister. We used to always take part in school competitions. Here's sharing a #MajorThrowback childhood memory with my favourite dance buddy❤️ Let me know what is your favourite childhood memory! P.s. Can you tell us apart?

A post shared by Madhuri Dixit (@madhuridixitnene) on May 7, 2020 at 10:27pm PDT

The two them look almost identical in the photo, and it is indeed difficult to differentiate. Madhuri has two sisters namely Rupa Dixit and Bharati Dixit, but she did not mention who among them is a part of this photograph.

Workwise, the actor was last seen in Karan Johar's 2019 production Kalank.

Kal Penn who played Irrfan’s son in The Namesake can’t get over the loss. “Irrfan was such an incredible artist. What a loss. It was magical. He was so gracious and giving as an artist and a person.”

Not many know about Irrfan’s wicked sense of humour. Says Kal, “He could be so funny! He had a wonderful sense of humor and I remember his approach to the craft being particularly warm.”

Kal recalls Irrfan as an actor sheared of vanity. “He was friendly. Friendly and down to earth. There was never any attitude with Irrfan, he was so comfortable in his own skin and so fully and truly embodied his character when the cameras were rolling.”

But what according to Kal really made Irrfan special was the way he embraced silences. “I've never worked with an artist who communicates so beautifully without needing to speak. When we would shoot scenes for The Namesake, so often, Irrfan would play beat after story beat with intimacy and in silence that made me immediately at ease and in the moment.”

Kal Penn learnt a lot from watching Irrfan not only while they worked together but also when they didn’t work together. “I learned a lot from working with Irrfan but also from watching him work across different mediums, different languages, and different continents. I will always admire his work more broadly, and to have had that kind of range is so remarkable.”

Kal will remember Irran as an actor who at once no one and everyone. “He was such a commensurate artist whose performances are simultaneously intimate and reflect the humanity in each of us.”

Also Read: 5 Years Of Piku: Deepika Padukone bids farewell to Irrfan Khan with an unseen picture

A non-invasive system being developed by EU-funded researchers could make radiotherapy a safer and more-effective treatment for cancer patients by creating a visual dosage map of the tumour and the surrounding healthy tissue.

An EU-funded project has developed prefabricated energy-efficient building concepts made from materials, components and structures derived from construction and demolition waste. The concept enables the easy assembly and disassembly of buildings for future reuse.

Treatment guidance for prostate cancer patients is not optimal because current clinical tests do not clearly differentiate between slow-growing and aggressive forms. An EU-funded project is addressing this by studying the underlying molecular mechanisms of the disease to enable personalised and effective treatment.

An EU-funded project has linked scientists with experts in industry to forge partnerships aimed at creating new products to improve the lives of people with dementia. The research is creating tools to help remind people with dementia to undertake the tasks critical to their daily lives.

Manchester United star Paul Pogba said he is eager to return from a lengthy spell on the sidelines when football resumes following the coronavirus pandemic. The World Cup winner has been limited to just eight appearances for United this season after battling a nagging ankle injury.

"I'm already training and touching the ball," Pogba, who hasn't played since December 26, told the United Podcast. "I've been frustrated, a long time ago. Now I'm almost there, so I'm just thinking about getting back and training fully with the team and everything." "You think bad but I've never had something like this in my career, so I always take it in a good way. It makes me more hungry to come back and do well. And, yeah, it just shows me as well how much I love football." Pogba's agent Mino Raiola has hinted the 27-year-old could leave Old Trafford if he is unhappy at the end of the season. However, the Premier League has been put on hold indefinitely due to the spread of the deadly virus.

"You have to be very patient because, well my injury, I don't know if people really know what happened," Pogba added. "So I had a foot injury, which came in the game against Southampton. It was early this season and so I carried this for a long time, training and trying to be playing with it. After I stopped, I found I had a fracture. "I had a cast on it, a plaster-cast, so it went very well but too well. The bone got bigger and so, when I came back again, I played those two games against Watford and Newcastle, I could feel something again. "So I had to have an operation and now here I am. I don't feel anything and, hopefully, I'll be back very soon."

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Italian football legend Francesco Totti has revealed that he nearly ended his marriage with TV presenter Ilary Blasi when she decided to bring home a sphinx cat, a hairless breed.

FIFA World Cup winner Francesco, who married Blasi in 2005, two years after they began dating, told former teammate Christian Vieri in an Instagram Live chat: "I was furious with my wife…she bought a hairless cat and called it Donna Paola. At night, the cat insists on sleeping in our bed, next to our legs. She's a very affectionate cat but almost caused us to break up."

Ilary got the cat home against Francesco's wishes. "She wanted a cat at all cost. I was adamant we shouldn't. One day, she brought it home because ultimately she makes all the decisions in this family," he added. The couple did not talk to each other thereafter before Francesco started liking the feline. "We didn't speak for days, but in the end, I fell in love with the cat too," said Francesco, who retired from football in 2017 after spending 15 years at Italian club Roma, where he scored 307 goals from 785 matches.

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UEFA president Aleksander Ceferin said Monday that leagues across Europe were ready to return to action behind closed doors in a bid to limit the damage caused by coronavirus. Football leagues have been suspended since mid-March due to the pandemic which has claimed more than 100,000 lives throughout the continent. But the head of European football believes that playing would be an important step towards a return to normal life and avoid heavy financial losses for leagues.

"I believe there are options that can allow us to restart cup championships and to complete them," Ceferin said in an interview with Italian daily Corriere della Sera. "We may have to resume without spectators, but the most important thing, I think, is playing games. "It is early to say that we cannot complete the season. The impact would be terrible for clubs and leagues. Better to play behind closed doors than not at all. "In such hard times it would bring happiness to people and a certain sense of normality even if the games can only be seen on TV. "All activities are being organised to start again, everyone needs to find their lives. "If safety measures are respected and if the authorities give the green light, the training could resume like the rest. "Further consent will be needed for matches." Ceferin said that if leagues returned "soon enough" then Champions League and Europa League matches could "be played in parallel" with no date limit for the finals.

The Slovenian said he was not in favour of the season going into September and October as it "would have a heavy impact" on the 2020-2021 campaign. "We can finish, but we must respect the decisions taken by authorities," he continued. "The priority is the health of fans, players and coaches." As for countries who have decided not to finish the season, Ceferin said that UEFA "will review the cases". "Such decisions were not made alone," he said. "Football is interconnected, we have seen how important it is for UEFA and leagues to work in good cooperation. The executive committee will review the cases." He added: "Leagues are the revenue base for clubs nationwide. If completed, the financial consequences will be limited. "UEFA, on the other hand, will lose a lot of money for postponing Euro 2020."

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he All India Football Federation's executive panel on Tuesday ratified its league committee's recommendations to cancel the remaining 28 matches of the I-league in view of the coronavirus-forced lockdown and declare runaway leaders Mohun Bagan as champions. The AIFF also said it is waiting to discuss with the Asian Football Confederation (AFC) the feasibility of organising a shorter duration tournament next season with second division clubs for qualification to the Hero I-League 2020-21.

"The Executive Committee agreed with conclusions and recommendations of League Committee that this was a force majeure circumstance and the AIFF and all stakeholders must focus on a priority basis on safety and health aspects of players, officials and fans," the AIFF said in a release. "In fact, there is still no certainty of when sporting activities including football can be resumed across the country."

The league committee had on Saturday placed its recommendations in front of the all-powerful executive committee. As per the latest decisions, the 2019-20 season stays concluded and Mohun Bagan declared the I-League winners for the 2019-20. The remaining prize money in the league (apart from the champion's prize) will be equally divided among the remaining 10 participating clubs.

However, there will be no relegation and also no individual prize money for the league season. "All youth leagues in the current season -- the Hero Sub-Junior League, the Hero Junior League, the Hero Elite League, and the U-17 Khelo India Girls League ¿ stay concluded, and will start afresh from 2020-21 season. "There will be an extension of the deadline for submission of the requisite documentation for the AIFF Academy Accreditation process after the ongoing lockdown is revoked," the apex body said in the release.

The nationwide lockdown will remain in place till May 3. The COVID-19 pandemic, which originated in the Chinese city of Wuhan in Hubei province, has so far claimed nearly 600 lives while infecting over 18,500 people across the country.

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Wales attacker Gareth Bale has said that he had donated ?500,000 ($615,000) to the hospital where he was born to help in the fight against the coronavirus pandemic. Real Madrid's Bale, 30, who has won four Champions League titles since joining the Spanish giants in 2013, made the announcement in a Twitter post by the Cardiff and Vale Health Board.

"I just wanted to make this video to thank everybody in the NHS for their hard work and sacrifice during this COVID-19 crisis," he said "The University Hospital of Wales holds a special place in my heart, it's where I was born and it's provided great support to my friends, my family and the wider community. "Me and my family we'd like to show our support. Keep up the good work, you're doing an amazing job and thank you very much," he added.

As of Wednesday 624 people had died from the illness in Wales with more than 8,000 cases recorded. Spain's La Liga has been suspended since March 12 due to the outbreak but football authorities in the country have agreed on a return to protocol for professional players.

League president Javier Tebas last week said play could restart as early as next month, although a fortnight extension of the nationwide lockdown until May 9 announced on Saturday appears to have scuppered those plans.

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Spanish League LaLiga President Javier Tebas has made it clear that cancelling the 2019/20 season is not an option and they are exploring various options and scenarios as the situation develops amid the ongoing outbreak of novel coronavirus. Spain's football industry is one of many-hit by the COVID-19 pandemic and like any other sector, next steps will depend on the advice of health authorities. "Nulling and voiding the season is not an option on the table. But we are reviewing multiple scenarios, such as what happens if we play behind closed doors and what happens if we play with crowds and what happens if games aren't played," Tebas told reporters on videocall.

"We have to look at all possibilities, but we're not working towards a situation where we don't complete the season. "We're looking to ensure the best health conditions for players for when they resume training and we're looking to reduce the economic risk. "This is a health pandemic, but also an economic pandemic," he added.

The league President provided figures for each of these situations, outlining that the estimated total economic impact for not resuming the season would be 1bn euros. Completing the season behind closed doors would lead to losses of 300m euros and it would be 150m euros for resuming it with fans after this delay. On the likelihood of matches being resumed behind closed doors, Tebas said: "We will not have fans until the health authorities allow it. The decision does not depend on LaLiga or the clubs. We know it can affect future seasons so we are calculating the potential impact."

Tebas explained that LaLiga is considering all of the finer details that various scenarios could entail, such as whether or not matches can be held at the usual stadiums due to planned renovation works, the need to extend player contracts, pending fees due to clubs from past transfers, maintaining Financial Fair Play rules, payments from broadcasters and the knock-on effects for the 2020/21 season.

Tebas also mentioned that the last weekend of May is the first possible date for LaLiga to resume, with European competitions playing in July. A later option would be for LaLiga and European competitions to start on June 6 and play an alternating schedule. Finally, LaLiga and other domestic leagues could start on June 28 with European competitions starting again in August after the domestic leagues finish.

"We can't put an exact date on when we'll return as the Spanish government's health authorities have to set that," he said. "There are two options for organising the schedules, one with domestic leagues at the weekends and European matches midweek or another option is to work towards finishing the domestic leagues first." The league President also underlined that the football industry plays a major role in Spain's economy. It accounts for 1.37 percent of Spain's GDP and an estimated 185,000 jobs, meaning that any losses suffered could have a domino effect elsewhere.

"The most important aspect of this is that we protect our future," Tebas noted. "What we're working towards here is to save the future of football."

"By acting now, we can ensure that we have a sustainable model," he added."We will not forget the responsibilities we have to everyone."

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Former Barcelona player Xavi Hernandez is certain of ex-teammate Lionel Messi featuring in the FIFA World Cup Qatar 2022 as he said that the Argentine has still got "five or seven very good years left in him".

"He's still got five or seven very good years left in him," Goal.com quoted Xavi as saying during an Instagram chat with another ex-Barca forward, Samuel Eto'o.

"He takes good care of himself and he can keep playing until he's 37, 38 or 39. He'll play at the Qatar World Cup, I'm sure," he added.

The 32-year-old Messi scored 24 goals this season in all competitions before coronavirus pandemic brought the football season to a standstill.

Xavi also expressed his desire to manage Barcelona saying that it is his dream to coach the club.

"In January, it wasn't the right moment. I had conversations with Eric Abidal [Barcelona's sporting director] and Oscar Grau [Barcelona chief executive] and a big offer, but it wasn't the right moment. I need a bit more experience. Coaching Barcelona is my dream. I'd like to do it one day. I've said that many times," he said.

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There’s many former LaLiga stars currently using the experience and skills picked during their time in Spanish football in managerial and coaching careers all around the world. The list is almost unrivalled: Pep Guardiola (Manchester City), Zinedine Zidane (Real Madrid), Diego Simeone (Atletico de Madrid), Mikel Arteta (Arsenal), Rafa Benítez (Dalian Pro), Xavi Hernández (Al Sadd), Míchel (Pumas UNAM), ‘Guti’ (UD Almeria), Raúl González (Real Madrid Castilla), Van Nistelrooy (PSV U19), Unai Emery, Mauricio Pochettino, Quique Sánchez Flores, Laurent Blanc, Ernesto Valverde, Mark van Bommel, Aitor Karanka, Clarence Seedorf… but here are five more with very special stories.

1. Giovanni Van Bronckhorst – FC Barcelona to Feyenoord

All the lessons learned winning two LaLiga titles with FC Barcelona in the early 2000s as an attack-minded left back have definitely proved useful for Giovanni Van Bronckhorst’s coaching career. The former Netherlands international became first team coach in summer 2015 at Feyenoord, the Rotterdam club where he started and finished his playing career. His first season brought the KNVB Cup trophy, while the following year he led the club to its first Eredivisie title in 18 years, a historic achievement. Last January he was announced as manager of Chinese club Guangzhou R&F.

2. Jonathan Woodgate - Real Madrid to Middlesbrough

Jonathan Woodgate’s spell at Real Madrid famously did not get off to a great start, with an own goal and red card on his LaLiga debut. However, when fit and available the classy defender made a valuable contribution to Los Blancos 2005/06 campaign, with the team keeping seven clean sheets in his eight other games. The following summer he joined hometown club Middlesbrough, where he also returned after hanging up his boots to begin his coaching career in 2017. Last summer, Woodgate was named first team manager at Boro, and he took December’s Championship Manager of the Month award.

3. Jordi Cruyff - Camp Nou to Ecuador

Son of Barcelona legend Johan Cruyff, Jordi made his LaLiga debut in September 1994 against R. Sporting. The winger or attacking midfielder scored 22 LaLiga goals across spells at FC Barcelona, RC Celta, RCD Espanyol and most successfully D. Alaves, where he helped the Basque club reach the 2001 UEFA Cup final only to lose 5-4 in agonizing fashion to Liverpool. Cruyff also represented Manchester United, Metallurg Donetsk and the Netherlands national team [nine senior caps] during his playing career. He has since worked in Malta, Cyprus, China and Israel, where he oversaw three consecutive league titles as sporting director at Maccabi Tel Aviv. In January 2020 he was appointed Ecuador senior international manager.

4. Diego Forlan - Pichichi to Peñarol
One of the very few players in history to have won LaLiga’s Pichichi top scorer prize with two different clubs, Diego Forlan clinched it at Villarreal CF in 2004/05 and Atletico de Madrid in 2008/09. A strike rate of 128 goals in 240 LaLiga games counts among the very best. A long playing career also brought goals scored in England, Italy, Brazil, Japan and Hong Kong, and appearing at three World Cups and a 2011 Copa America triumph during 112 caps for Uruguay’s senior team. In December 2019, Forlan returned to his former Uruguayan club Peñarol to start his managerial career.

5. Fabio Cannavaro – Santiago Bernabeu to China

2006 was quite a year for Italian defender Fabio Cannavaro, who won the World Cup in Germany, signed for Real Madrid and was then awarded the Ballon D’Or. Cannavaro won two LaLiga titles during his three years in the Spanish capital, where he continued a strong relationship with mentor Fabio Capello. His first managerial job was at Dubai club Al-Ahli, where he won UAE Pro League and UAE League Cup titles. He also won the China League One title with Tianjin Quanjian, guided Guangzhou Evergrande to the Chinese Superleague title last year, and even took charge of the China national team for a time in 2019.

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Former Argentina footballer Martin Cardetti named his pick between Ronaldinho and Lionel Messi, two of the greatest footballers ever to grace the game.

Cardetti, manager of Ecuadorian football club Mushuc Runa, said he saw the Brazilian from close quarters during their time together at Paris St. Germain and according to him, Ronaldinho is one-of-a-kind footballer.

"As a coach, for my team I would choose Ronaldinho at his best over Messi," Cardetti told El Crack Deportivo as per Goal.com. "I shared a year with Ronaldinho and he is a different player, he's touched by God.

"He always had fun; with the ball he was always doing things and he practiced a lot so that he could replicate those things in matches.

"You see him in training, in matches and every move he makes is different from everyone. Players like him appear very rarely and they are remembered in football history," he added.

Before Messi started ruling the roost at Barcelona, Ronaldinho was a fan-favourite at Camp Nou. He stayed with the Spanish Giants from 2003 to 2008 and won two LaLiga titles and one Champions League trophy.

As for Messi, he has so far won 10 LaLiga titles, six Copa del Reys and four Champions League titles. Messi is also a six-time Ballon d'Or winner.

On the international stage, Ronaldinho trumps Messi as he is a World Cup winner with Brazil and the Argentine is yet to open his international account. Messi although won the Gold with Argentina at 2008 Olympics.

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During the COVID-19 lockdown, individuals are losing patience -- moving freely and not following the necessary social distancing. This lack of civic sense and maturity on their part is weakening our fight against the deadly contagion pathogen.

The capital markets, as a result, also has witnessed intense volatility and bears are running lose. Certain sections of investors, however, have shown tremendous maturity during these challenging times.

At a time when Foreign Portfolio Investors (FIIs) have net sold or dumped Indian equities (owing to markets worldwide falling sharply and margin calls being hit), domestic fund managers are looking for value-buying opportunities in the carnage of the markets.

It is also heartening to see retail and High Net-worth Individuals (HNIs) buying into various equity-oriented mutual funds in a lump sum as well as the SIP (Systematic Investment Plan) mode. Monthly SIP inflows have touched a record high in March 2020 and the SIP folios, too, surged to 3.12 crore.

However, in debt-oriented schemes, investors seem to be pressing the panic button. The mutual fund industry recorded a net outflow of Rs 1.95 trillion in March 2020. Barring Overnight Funds and Gilt Funds, all other sub-categories of debt mutual funds have reported an outflow in March 2020.

Advance tax payment obligations, deterioration in asset quality, potential risk of defaults in the COVID-19 lockdown, and heightened volatility in the Indian debt market are some of the key reasons for outflows from debt-oriented mutual schemes.

[Read: Why Investors Pulled Out Money from Debt Mutual Fund Schemes in March]

The massive outflows were also seen from the Liquid Funds and Arbitrage Funds.

Table 1: Action in March 2020

Unprecedented redemptions in the Arbitrage Funds and Liquid Funds, as well as the net inflows recorded by the overnight funds, suggest that investors preferred safety over returns. As you know, liquidity is a key concern as the world continues to fight the COVID-19 pandemic.

Some arbitrage schemes such as Tata Arbitrage Fund and ICICI Prudential Equity-Arbitrage Fund had stopped taking in fresh subscriptions in the third week of March 2020 for the lack of arbitrage opportunities as markets faced broad-based selling.

But now markets are finding some sort of stability and bouncing back -- rallied over 20% from March lows - although the bears continue to run loose.

So, is it a time to consider arbitrage funds again?

Yes, I think so.

Arbitrage Funds aims to exploit the price differential in two different segments (spot and futures or cash and derivatives) of the equity market. They buy stocks in the spot market and sell in the future market simultaneously thereby making gains with the price differential (called the spread).

The differential usually is in sync with the prevailing interest rates in the economy; but depending on the market volatility, it could sometimes be higher as well. That being said, these are short-term opportunities that spring up due to lack of information to a set of market participants in one of the markets.

The capital market regulator's mutual fund categorisation and rationalisation mandates that an Arbitrage Fund must strictly follow the arbitrage strategy and invest at least 65% of its total assets in equity & equity related instruments.

Since the transactions are in either direction, the positions are completely hedged. And the remaining 35% of the total asset is deployed in debt and money market instruments.

In March 2020, when the stock futures started quoting at a discount to the spot prices in the cash market, it was a concern. But now that we have seen some sharp up-moves in the Indian equity markets as the government has done relatively well in containing the spread of the deadly virus (compared to other nations) and thanks to the prompt fiscal measures also have been taken -- both by the Ministry of Finance (the Rs 1.75 trillion package) and the Reserve Bank of India (by reducing policy rates sharply, keeping monetary policy stance 'accommodative as long as it is necessary', and ensuring enough liquidity in the system) -- in my view, it would be perceived positively by the markets in times to come and enough arbitrage opportunities would be available. It is possible that Arbitrage Funds may even perform a tad better vis-a-vis Liquid Funds.

Table 2: Report Card of Arbitrage Fund, Liquid Funds and Short Duration Funds

Over the last one year, the returns generated by Arbitrage Funds have been quite satisfactory. In fact, these funds have outperformed those clocked by Liquid Funds. The 3-month returns clocked by Arbitrage Funds have been almost at par with Liquid Funds.

Do note that an Arbitrage Fund carries low risk and the returns depend on the market conditions and fund manager's ability to reap rewards from arbitrage opportunities.

Short-Term Capital Gains (i.e. realised profits within a year) on arbitrage funds are taxed at 15%, while the Long-Term Capital Gains (i.e. gains made after staying invested for more than a year) are taxed at 10% for gains above Rs 1 lakh in a financial year.

To park money for the short-term for an investment time horizon up to 1-year, you may consider investing in an Arbitrage Fund.

And if you have an extreme short-term time horizon (of 3 to 6 months), consider a Liquid Fund with high-quality debt papers, which does not have high exposure to Commercial Papers (issued by private entities).

Alternatively, if you wish to park in a much safer category, you would be better off investing in an Overnight Funds.

Happy Investing!

PS: If you wish to select worthy mutual fund schemes, I recommend you to subscribe to PersonalFN's unbiased premium research service, FundSelect.

Additionally, as a bonus, you get access to PersonalFN's popular debt mutual fund service, DebtSelect.

Each fund recommended under FundSelect goes through our stringent process, where they are tested on both quantitative as well as qualitative parameters.

Every month, PersonalFN's FundSelect service will provide you with insightful and practical guidance on equity mutual funds and debt schemes - the ones to Buy, Hold, or Sell.

If you are serious about investing in a rewarding mutual fund scheme, Subscribe now!

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Author: Rounaq Neroy

This article first appeared on PersonalFN here.

PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

COVID-19 has started showing its impact on the mutual fund industry. Few days ago I mentioned in my article, Debt mutual funds witnessed massive outflows of Rs 1.95 trillion in the month of March.

Though we could attribute most of that outflow to corporates redeeming funds to meet their quarter end obligations, high volatility and uncertainty as consequences of the pandemic could have also played a major hand in the redemption pressure for debt schemes.

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FII have been redeeming investments heavily in equity and debt segment ever since WHO declared COVID-19 a pandemic. In March, FIIs pulled out Rs 60,375 crore from the debt market.

High redemption and lack of buying interest has made debt mutual fund schemes vulnerable, especially those with higher exposure to low rated instruments.

This instability has claimed its first casualty in debt mutual funds...

Franklin Templeton Mutual Fund (FTMF) has decided to wind down six of its debt schemes with effect from April 23, 2020 due to COVID-19 related market dislocation. This is something that is unheard of in the mutual fund industry and has perplexed many investors and advisors.

The schemes that are wound up are:

• Franklin India Low Duration Fund
• Franklin India Dynamic Accrual Fund
• Franklin India Credit Risk Fund
• Franklin India Short Term Income Plan
• Franklin India Ultra Short Bond Fund
• Franklin India Income Opportunities Fund

Together these schemes have an AUM of 30,854 crore as on March 31, 2020. Notably, these are the very schemes which in the past had to create segregated portfolio for its exposure to downgraded papers of Vodafone Idea and Yes Bank.

What led to the move?

According to a statement to investors from FTMF, "Despite several measures taken by the Reserve Bank of India (RBI), the liquidity in certain segments of the corporate bond markets has fallen-off dramatically and has remained low for an extended period. In this scenario, mutual funds are facing unprecedented liquidity challenges due to a variety of factors-rising redemption pressures due to heightened risk aversion, mark to market losses following a spike in yields and lower trading volumes in the bond markets. These factors have together caused a significant and worsening liquidity crunch for open-end mutual fund schemes investing in corporate credits across the credit rating spectrum."

The schemes had to resort to continuous borrowing to fund redemptions during this time, and were unable to repay the borrowings through sale of portfolio securities due to the prevailing market environment. The Investment manager did not believe it was prudent to continue funding redemptions through potentially increasing levels of borrowings.

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FTMF follows a high-risk high-return strategy for the above mentioned funds - Meaning a major part of its portfolio is exposed to lower rated securities (rating below AAA). The market disruption due to the virus outbreak has impacted these securities the most.

Under conditions of high redemption pressure, mutual funds sell their liquid assets to meet the demand, leaving the portfolio highly exposed to illiquid assets.

Thus, investors who choose to stay invested are at a disadvantage here.

Anticipating continued liquidity stress to the funds, the fund house thought winding up the scheme is the only viable option for the unitholders to minimize erosion of value.

Table: Details of schemes being wound up

What does it mean for investors of these schemes?

Investors of these schemes will not be able to purchase/redeem investment, switch to other schemes or do systematic transactions. In short their funds will be locked. The fund will not charge any management fees for the funds that are being wound up.

The fund house will rely on coupon payments, maturity value of underlying securities, and selling of securities at realisable value. While the fund house expects to realise most of the proceeds as per maturities, there may be some low rated securities that may even default on the due date. The fund house may create segregated portfolios for such securities and pay back as and when the money is realised.

It will be prudent to check the average maturity of portfolios of each fund and expect major repayment within that period.

What should investors in debt funds do?

Debt mutual fund Investors are not as confident, due to incidents of exposure to toxic papers in the past. This event could make them even more wary about their investment in debt schemes. As a consequence, there may be some panic selling in other debt schemes by investors worried about their funds getting locked.

However, instead of taking any hasty decisions, it would be a great idea to check your funds for the quality of assets it holds.

Choose a fund house that follows prudent investment process and stringent risk-management system. In these uncertain times, it would be wise sticking to liquid funds and overnight funds for the fixed-income part of your portfolio. Alternatively, if you prefer safety of capital, invest in Bank fixed deposits.

Our friends at Quantum Mutual Fund have highlighted the secret behind their debt management strategy which has helped them provide safety and liquidity to investors when it comes to investing in quantum funds. Don't Worry, Quantum Liquid Fund always aims for Safety and Liquidity

The way ahead...

While the fund house has done this to protect investors' interest, it has made the funds illiquid from the investors' point of view. Many investors may lose faith in debt funds for their short-term goals.

Going further, investors may have to consider liquidity risk due to AMC action, while investing in any high credit risk oriented debt funds.

It is time for the regulator to step up and clarify the illiquidity part for other debt schemes out there to investors. Moreover, it needs to provide a framework of strict guidelines to restrict fund managers from putting investors' hard-earned money at risk by exposing them to low rated securities for higher yield.

Meanwhile, AMFI has assured investors that a majority of the fixed income fund assets is invested in superior credit quality securities, and the schemes have appropriate liquidity to ensure normal operations. It further stated that the industry remains fully committed to the investors' interests and there is no need for them to panic and redeem investments.

Author: Divya Grover

This article first appeared on PersonalFN here.

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PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

Coronavirus or Covid-19 is showing no signs of receding. On the contrary, the number of cases is increasing by the day and the situation is rather depressing, as almost every region of the world and country is infected.

Sadly, there is no antidote or a vaccine conclusively developed to fight this deadly pathogen yet. And according to the World Health Organisation (WHO), Coronavirus will be with us for a long time. Most cases are still in the early phase of the epidemic and some countries which were affected early in the pandemic, are now seeing a resurgence in the number of cases, said the WHO Chief.

COVID-19 is truly playing havoc and may be followed with a financial crisis owing to the lockdowns imposed to contain the spread. The risk of global recession undeniably looms large. "This crisis is like no other", as what the International Monetary Fund's (IMF), Chief Economist, Ms Gita Gopinath wrote in the foreword to the World Economic Outlook, April 2020.

Graph 1: The virus has spread even to Indian equities

The graph above depicts the S&P BSE Sensex falling off the cliff and investors' wealth being eroded. Since the all-time high of the S&P BSE Sensex (42,273.87 points made on January 20, 2020), we have fallen more than -25% and overall sentiments seem downbeat and volatility has heightened.

On a year-to-date basis, Indian equity is down nearly -23.2% (as of April 27, 2020), while gold -- with uncertainty looming around the world -- has exhibited its sheen and demonstrated its trait of safe haven and an effective portfolio diversifier, clocking nearly +5.0% absolute return as of April 27, 2020.

Graph 2: YTD Performance of key asset classes

The graph above validates the importance of tactical asset allocation. The key lesson here is: all asset classes will not necessarily move in the same direction (up or down) always - over the long-term; some may even move in the opposite direction as what we have seen in the recent past (in the case of equities and gold).

As we (the world) continue to fighting COVID-19 and the aftereffects of it are conceivable, a further correction cannot be ruled out and the bottom is unknown. COVID-19 is likely to impact corporate earnings amidst a time when India is already facing slowdown blues. As people are quarantined, demand would remain muted and inflation risk will begin to surface, particularly in food prices.

So, although the current levels offer a decent value-buying opportunity, skewing your portfolio completely to equity as an asset class could endanger wealth creation. In such times you, as an investor, need to follow tactical asset allocation while you aim to generate wealth.

Tactical Asset Allocation with Quantum Multi Asset Fund of Funds

To invest sensibly in the current times, you need a Multi-Asset Fund that invests in mainly three asset classes: equity, debt and gold; and is truly balanced.

Among the plethora of Multi-Asset Funds, the Quantum Multi Asset Fund of Funds (QMAFOF) incepted on July 11, 2012, is truly balanced and holds well-diversified portfolio (across the three key asset classes: equity, debt and gold) at all the times -- unlikely many of its peers who swayed by the excess exuberance in equities, lost sense, and eroded investors wealth.

Table 1: Asset Allocation of Quantum Multi Asset Fund of Funds

The Scheme predominantly invests in the units of Equity, Debt / Money Markets and Gold schemes of Quantum Mutual Fund. Currently, the following schemes are used to gain exposure to a particular asset class:

For equity - Quantum Long Term Equity Value Fund, Quantum Nifty ETF

For debt & money market instruments - Quantum Liquid Fund, Quantum Dynamic Bond Fund

For Gold - Quantum Gold Fund (ETF)

The Units of any other Equity and Debt / Money Markets scheme launched by Quantum Mutual Fund from time to time would be eligible to be part of the above asset allocation components.

Although QMAFOF aims to invest predominantly only in the schemes launched by Quantum Mutual Fund, QMAFOF may seek to invest in the units of similar schemes of other mutual fund houses in case of any investment and regulatory constraints that arise that prevent the Scheme from increasing investments in the schemes of Quantum Mutual Fund.

The investment objective of Quantum Multi Asset Fund of Funds is, "to generate modest capital appreciation while trying to reduce risk (by diversifying risks across asset classes) from a combined portfolio of equity, debt/money markets and gold schemes of Quantum Mutual Fund"

QMAFOF benchmarks it against the Crisil Composite Bond Fund Index (40%) + S&P BSE Sensex Total Return Index (40%) + Domestic price of Gold (20%).

Being a fund of fund, this benchmark is most suitable to compare QMAFOF's performance. The unique combination clubs together the relatively risky assets with other stable asset classes in the portfolio.

Backed by an astute investment strategy, taking the relative valuations between asset classes into consideration such as Price-to-Earnings relative to historical averages; the relationship between earning yield to bond yield relative to historical averages; and macroeconomic factors prevailing globally and within India, the two fund managers of QMAFOF, namely Mr Chirag Mehta (MMS - Finance, M.Com, and CAIA with over 13 years' experience in research and investments) and Mr Nilesh Shetty (B.Com, MMS -Finance, and CFA with collectively 16 years in equity markets), have generated respectable returns for investors.

Table 2: Report card of QMAFOF versus some of its peers

Even as the equity market is panting for breath attributable to COVID-19 and volatility has intensified, QMAFOF due to its sensible asset allocation to equity, debt and gold through its underlying portfolio, has fared relatively better than some of the peers.

ICICI Prudential Multi-Asset Fund, Axis Triple Advantage Fund, HDFC Multi-Asset Fund, and UTI Multi-Asset Fund, on the other hand, have all eroded investors wealth posting double-digit negative returns (see Table 2) in this downturn. Some of these schemes have fared well during upswings by keeping to the allocation to equities high, but on the downside, they have not managed the risk very sensibly. Investors, as a result, have experienced a roller-coaster ride in the journey of wealth creation.

A multi-asset fund, ideally, is expected to be truly balanced and sensibly allocate its assets whereby the downside risk of one asset class is compensated by the positive returns of the other asset classes.

Here are five good reasons to invest in Quantum Multi Asset Fund of Funds

1. You gain from a diversified portfolio across asset class which, in turn, reduces risk and optimizes returns.
2. You do not have to worry about portfolio rebalancing; the fund manager will astutely do it for you at regular intervals in the endeavour to achieve the set-out investment objective of the fund.
3. Portfolio tracking will be easy for you instead of tracking 10 different schemes
4. You will benefit from the lowest expense ratio in the category
5. And above all, Quantum Mutual Fund's strong research capabilities across various asset markets - equity, debt and gold, -- with robust investment processes & systems followed at the fund house.

Suitability of Quantum Multi Asset Fund of Funds

QMAFOF is a perfect fund for investors looking to tactically diversify the portfolio with a single fund across equity, debt and gold, plus leave the aspect of rebalancing to the discretion and expertise of the fund manager.

Furthermore, the fund is appropriate for investors seeking long term capital appreciation, who have a moderately high-risk appetite, and an investment time horizon of 3 to 5 years.

It is the best time to invest in the Quantum Multi Asset Fund of Funds. Valuation-wise, Indian equities look attractive and there appears to be a decent margin of safety (with a high return potential if the equity markets ascend).

Similarly, given the uncertainty surrounding the world, gold is expected to display its lustre. The economic uncertainty surrounded by the COVID-19, GDP growth rates being revised downwards, easy monetary policy action and stance followed by central bank across the world, geopolitical tensions, trade tension, and increased stock market volatility are likely to keep spotlights on gold.

Likewise, with credit risk getting amplified, it makes sense to have exposure to a pure Liquid Fund (that does not take exposure to Commercial Papers issued by private entities). Now that policy rates are already lowered by RBI to address growth concerns, it does not make much sense to take exposure to the longer end of the yield curve; it could prove less rewarding and risky (may encounter high volatility) in the foreseeable future. Deploying your hard-earned money is short-end of the maturity curve, would be far better.

By investing in Quantum Multi Asset Fund of Funds, you will be able to balance the risk better with a sensible investment strategy in place.

Just as an excess drug dosage cannot treat COVID-19, your investment portfolio, too, needs just a fair amount of diversification to clock optimal risk-adjusted returns in the journey of wealth creation.

Go ahead and consider investing in Quantum Multi Asset Fund of Funds.

Happy Investing!

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Author: Rounaq Neroy

This article first appeared on PersonalFN here.

PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

Despite the rally we recently witnessed, the market mood continues to be sombre due to the pandemic crisis. FPI outflows from the Indian market persisted in the current month as well, while the recent fiasco at a popular fund house also dented investor sentiments.

It is difficult to predict how this situation will unravel eventually. Though the pandemic has impacted both large and smaller sized companies, small and mid sized companies could be the most affected.

However, quality names even in these segments could perform well over the long run. Therefore, you should stick to only quality names across different market capitalisation and invest via a well managed mutual fund that focuses on growth through diversification.

HDFC Mid-cap Opportunities Fund (HMOF) is one such mid cap fund that looks to invest in mid cap stocks with sound financial strength and reasonable growth prospects.

Graph 1: Growth of Rs 10,000 if invested in HDFC Mid-cap Opportunities Fund 5 years ago

One of the most popular funds in the midcap category, HMOF's asset size is the largest as compared to its peers. However, HMOF has shown no constrain when it comes to delivering superior performance. The fund has a track record of generating above-average returns across market conditions. Over the last 5 years, HMOF has generated returns at 4.5% CAGR as compared to 1.9% CAGR generated by its benchmark Nifty Midcap 100 - TRI, thus generating an alpha of around 2.5 percentage points CAGR. The fund has made well use of diversification to mitigate downside risk and generate decent lead over the benchmark index.

Table: HDFC Mid-cap Opportunities Fund's performance vis-a-vis category peers

*Please note, this table only represents the best performing funds based solely on past returns and is NOT a recommendation. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not an indicator for future returns. The percentage returns shown are only for indicative purposes.

Though HMOF has trailed some of the other popular peers in the mid cap category, it stands strong in the list of mid cap funds. The fund has constantly outperformed the benchmark by a noticeable margin across time periods.

Some of the other top performers in the category are Axis Midcap Fund, Invesco India Midcap Fund, and DSP Midcap Fund.

The fund has not only demonstrated its ability to generate superior returns for its long term investors, but has been reasonable when it comes to managing volatility and curtailing down-side risks. In terms of risk-adjusted returns, HMOF has outperformed its benchmark by a significant margin and also stays ahead of most of its peers.

Investment strategy of HDFC Mid-cap Opportunities Fund

Categorized as midcap fund, HMOF is mandated to invest minimum 65% of its assets in equity and equity related instruments of mid cap companies. Accordingly, HMOF invests in stocks of predominantly mid-sized companies, which have reasonable growth prospects at acceptable valuations. The fund also holds significant exposure in smallcaps along with moderate exposure in large caps as well as cash and debt.

It follows the bottom-up approach to identify high quality businesses for the long term. The stocks are bought primarily for the strengths of company fundamentals rather than the strength of the macro-economic indicators.

The fund manager resists from following market momentum and holds each of his high conviction stock for the long term.

Graph 2: Top portfolio holdings in HDFC Mid-cap Opportunities Fund

As on March 31, 2020,HMOF held 75 stocks in its portfolio, with no individual stock having exposure of more than 5%.Popular mid cap names like Aarti Industries, Balkrishna Industries, Trent, Ipca Laboratories, and Voltas, etc. appeared in its top portfolio holdings. The top 10 stocks constitute close to 32% of its assets.

The fund's portfolio is primarily skewed towards Banking and Finance sectors which together constitute around 17% of the portfolio. Auto ancillaries, Pharma, Chemicals, and Industrial Products are the other prominent sectors with allocation of around 9-11% each.

Suitability

HMOF's performance over longer time periods has been commendable, where it has generated decent long-term returns for its investors as compared to the benchmark, though it has lagged behind some of its peers. Its focus on timely realization of growth potential of stocks at fair valuation can help it generate strong returns while also minimize the downside risk. However, its aggressive mandate makes it prone to high volatility. This makes HMOF suitable for investors with high risk appetite and a long term investment horizon.

Editor's note: The last few years have not been among the best for equity mutual funds. While most funds have underperformed or are struggling to match the returns of the benchmark, there are few funds that have the potential to constantly generate alpha for its investors. And we have identified five such high alpha generating funds, in our latest report 'The Alpha Funds Report 2020'. Do not miss our latest research finding. Get your access to this exclusive report, right here!

Note: This write up is for information purpose and does not constitute any kind of investment advice or a recommendation to Buy / Hold / Sell a fund. Returns mentioned herein are in no way a guarantee or promise of future returns. As an investor, you need to pick the right fund to meet your financial goals. If you are not sure about your risk appetite, do consult your investment consultant/advisor. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

Author: Divya Grover

This article first appeared on PersonalFN here.

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PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

Many investors park their surplus money in debt schemes in an attempt to earn higher returns than Bank FDs. However the recent incident of Franklin Templeton MF winding down six of its debt schemes has dented investor sentiment and sparked speculation about the safety of their investments.

The news came as a shocker to the investors because the six schemes, the fund house, and the fund manager had a good performance record. Investors in the wound up debt schemes of FTMF are now left with no choice but to wait for the fund house make repayments.

If you are one of them, surely you want to know about the timeline of payouts from the respective schemes.

Here is what you should know first...

Before returning the money to unitholders, the fund will have to repay the borrowings by the respective schemes that was taken to fund the heightened level of redemptions. Keep in mind that the repayment of borrowings does not impact the value of money to be returned to the unit holders, though it can delay the start of pay out to unitholders.

The repayment of the borrowings that the fund has taken, along with the cash flows it receives in the respective schemes based on the maturity of the underlying securities in the portfolio as well as coupon receipts will determine the payout to the unitholders.

Moreover, the fund will seek pre-payment from issuers of the underlying securities and will look to sell portfolio holdings in secondary market at fair value.

Table 1: Maturity profile of wound up FTMF schemes

Franklin India Ultra Short Bond Fund (FIUBF) and Franklin India Low Duration Fund (FILDF) are the schemes with shorter maturity. If you are an investor in this scheme, you may expect a significant payout within 2-3 years. However, to recover the entire amount you may have to wait up to 5 years.

If you are wondering why a scheme with average maturity of just 0.44 years and 1.45 years will take around 5 years to repay the entire amount?

This is because the maturity of some underlying securities is much longer (around 4-5 years), even though the schemes belong to low duration category. Additionally, the schemes have borrowings in the range of 6.5% and 8.5% respectively, which have to be repaid first.

Whereas, if you are an investor in Franklin India Dynamic Accrual Fund (FIDA), Franklin India Short Term Income Fund (FISTIP), Franklin India Credit Risk Fund (FICRF), and Franklin India Income Opportunities Fund (FIIOF) your wait will be longer. These schemes primarily invest in medium to long duration securities.

These funds had to sell a number of their short term and liquid securities in the portfolio to meet redemptions. Hence, to get a significant payout from these schemes you will have to wait at least 4-5 years. The year wise expected cumulative cash flows is given in the table below.

Notably, FIIOF is the longest duration fund from among the six funds that have been wound up. It will only be able to repay a very small portion (5%) in the next two years.

Another key reason that could delay the payout from these schemes is the high borrowing rate. FISTIP has 28% of its assets as borrowings, FIIOF has 26%; while FICRF also has significant 16% as borrowings. Furthermore, factors such as credit issues or payment delays faced by any of the investee companies could negatively impact cash flows.

Table 2: Cash flows expected by FTMF across different time period

Many of the securities with longer maturities have regular interim cash flows and features such as interest rate resets or call/ put options, which significantly reduce the effective maturity and the same has been factored into the calculation of the Macaulay Duration.

FTMF said that it would actively explore opportunities with a goal to facilitate repayment prior to the maturity of the portfolio investments. To do this it will seek prepayment from the issuers of the underlying securities and look to sell the securities in the secondary market.

However, the current market scenario is rife with risk aversion and illiquidity. The fact that wound up schemes have high holding of lower rated securities, FTMF will have to wait for the market conditions to go back to normal to liquidate the portfolio at the earliest, without causing value erosion for investors.

[Read: RBI Steps in to Take Some Pain Off Mutual Funds. Will It Help?]

Way ahead for debt fund investors

Keep in mind that debt funds are not risk-free. Investment in debt funds carry various risks relating to liquidity, credit quality, and interest rate. Therefore, before investing in debt funds understand the various risks involved and invest in schemes where the portfolio risk aligns with your own risk appetite and financial objective.

In this market environment, it would be preferable to invest in instruments issued by government and public sector enterprises, and stay away from those having high exposure to private issuers.

At PersonalFN, we arrive at top rated funds using our SMART Score Model. If you wish to select worthy mutual fund schemes, I recommend you to subscribe to PersonalFN's unbiased premium research service, FundSelect.

Additionally, as a bonus, you get access to PersonalFN's popular debt mutual fund service, DebtSelect.

If you are serious about investing in a rewarding mutual fund scheme, Subscribe now!

Author: Divya Grover

This article first appeared on PersonalFN here.

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PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

Former Danish tennis star Caroline Wozniacki has turned to baking during weekends during the Coronavirus lockdown.

On Sunday, the former World No. 1 Instagrammed this picture to her 1.4 million followers, of a red velvet cake she baked and wrote: "Weekdays are for fitness. Weekends are for baking [and eating]. First time baking a layered red velvet cake with homemade vanilla cream cheese frosting! I think it was a success!" To this, her NBA star hubby David Lee replied: "Definitely a success! Two pieces in and I'm ready for a nap."

 

 

 

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Weekdays are for fitness🏃🏼‍♀ï¸ÂðŸ‹ðŸ¼‍♀ï¸Â, weekends are for baking👩🏼‍🍳 (and eating😋) - first time baking a layered red velvet cake with homemade vanilla cream cheese frosting! I think it was a success! 😍

A post shared by Caroline Wozniacki (@carowozniacki) onApr 18, 2020 at 12:24pm PDT

Caroline Wozniacki is the first female from a Scandinavian country to be the number one player in WTA rankings. Wozniacki has won a total of 30 singles titles in her entire career. Wozniacki's highest point in her tennis career came when she won the 2019 Australian Open. Her career statistics are 635-264 with a winning percentage of 70.6.

Caroline Wozniacki is married to NBA champion David Lee. They tied the knot in June 2019.

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Former Slovak tennis star Daniela Hantuchova has launched her own podcast, The Real DNA, where she plans to have people who have inspired her, as guests on her show. After retiring in 2017, Daniela, 37, has been a tennis commentator for the past couple of years.

"The reason behind launching a podcast was that I love to communicate and learn from all the inspiring people I have in my life. I thought it would be nice to able to share their stories and their real DNA with our listeners. At the end of the day, one of the things I cherish the most in life is being able to sit down and have a cup of coffee with people I love, my family, friends, and people I admire, and listen to their stories and their experiences in life," she was quoted as saying by Tennis World USA.

"I believe the most inspiring people I've encountered in life share certain core values as humans that have helped get them where they are, whether in sports or somewhere else. I want my listeners to get to know these people and understand those core values," she added.

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The International Tennis Federation (ITF) has issued a set of guidelines for local and national-level competitions when tennis returns to action once the restrictions put in place due to coronavirus pandemic are lifted. The guidelines include arriving at a venue already dressed and leaving immediately after the conclusion of a match, no handshake, no sharing of equipments (rackets, towels, water bottles, etc), no doubles matches. Besides the guidelines also say that competitions should be held without spectators.

The ITF has also said that players use separate sets of balls (and mark them clearly prior to play) and should go around opposite sides of the net at changeovers. "The guidelines -- at this stage for local and national-level competitions only -- seek to provide a framework in which tennis can be played again in a manner that protects against the risk from transmission or infection by the COVID-19 virus, and provide a number of practical suggestions as to how this might be achieved," said ITF in a statement on Friday.

"While following measures such as these will ensure that the risk from COVID-19 is minimised, the guidelines are clear that the risk cannot be eliminated altogether," it added.

Currently, all tennis activities remain suspended until July 13 due to coronavirus pandemic which has so far claimed more than 2.3 lakh lives across the world.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

World No. 2 tennis star Rafael Nadal's wife Maria Francisca Perello has revealed that the media often misreport her name and date of birth.

Mrs Nadal indicated that Mery is her real name. Also, her birthday is not on July 7.

Mery has always stayed away from the media glare, but remains in the news for being Rafael's better half.

In a recent interview to Spanish daily La Vanguardia, she said: "Well, nobody around me calls me Xisca. And my birthday is soon, I will surely spend it in confinement. But it is not in July. There is still a little time left…" she was quoted as saying by essentiallysports.com website.

When asked about her interest in sports, she replied: "I exercise a lot, but always just for myself. Never seriously. I have played volleyball, done gymnastics, fitness and lately running. On vacation, I sometimes play paddle tennis with Rafael."

Mery, who is in self-isolation with Rafael in Mallorca, added: "We are confined like everyone else. We were very clear from Day One to train at home. We do rubber bands, push-ups, circuit…at least one hour a day in my case."

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Rafael Nadal has said he views the rest of this year as "practically lost" for tennis and would even be relieved if the sport returned as normal at the start of 2021. The men's and women's tours have been stopped due to the coronavirus pandemic, with Wimbledon cancelled for the first time since World War II and the French Open postponed until the end of September. But Nadal, who has won 12 of his 19 grand slam titles at Roland Garros, believes the chances of tennis restarting before the end of this year are slim.

"I hope to play as soon as possible but if I think about it logically, we travel every week from one place to another, we are in contact with hotels, airports, all in different places," Nadal said in an interview with Spanish newspaper ABC on Tuesday. "If you gave me the ability to guarantee that in January 2021, a normal season like before will begin, I would sign for that now with my eyes closed."

In a separate interview with El Pais, Nadal said: "I'm more looking to the Australian Open than what happens later this year. I see 2020 as practically lost." Nadal at 33 is in the latter stages of his illustrious career and the hiatus came just as he looked to be closing in on the 20 major titles won by the 38-year-old Roger Federer.

If tennis returns this summer, Nadal could choose to skip the US Open and save himself for the French, given there would be just a week between the two. "It's all hypothetical because I don't think it will be like that," said Nadal to ABC. "My feeling, and I say it with sadness and I won't lie to you, is that we are losing a year of our lives.

"And at 33 or 34 years old that is much more valuable than at 20 when you have many more years ahead, even if it's still a year. "Frankly, I think that will not happen. From the US Open to Roland Garros with a week in between, I just don't think we can play."

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Five-time Grand Slam champion Maria Sharapova has revealed that fellow tennis star and World No.1 Novak Djokovic was once fanboying on her over dinner. During an Instagram Live chat with the Serbian ace, Sharapova, who called time on her illustrious career in February, said: "I remember we played this little exhibition. I was young, you were young, way before you had any Grand Slam titles. I don't know if you'd even won a tournament at that point," said Sharapova. This part of the chat was shared by ATP Tour on their official Twitter handle.

"We're not going to start hugging trees, right?"@MariaSharapova with the one-liners for @DjokerNole today. 🤣#tennisathome pic.twitter.com/bweyZMuJ2v

— ATP Tour (@atptour) May 5, 2020

"You said that if you'd win (in a mixed doubles match), I would have to pay dinner. I was like, ‘Okay, whatever, who is this kid?'" Sharapova recalled. "You won and you were like, ‘We have dinner tonight. We're going to the Japanese place!' I was like, ‘Are you serious? You and me, going to dinner, tonight?' So we did. We ended up going to dinner and it was so funny because you pulled out I think it was an old Kodak camera and you asked the waiter to take a photo of us… and here we are," she further said.

"It's actually what happened. Maria is saying the truth," Djokovic said, laughing. "I think you were fanboying," Sharapova replied. Djokovic recently said that he was "mentally empty" and "confused" at the beginning of the ongoing freeze of the tennis calendar due to the coronavirus pandemic.

The sport has been on a full stop for over a month due to the pandemic outbreak.

Novak Djokovic

Djkovic has enjoyed a revival in form after a slump in late 2017 and most of 2018. He was set to defend his Wimbledon title this year before the grass court Grand Slam was cancelled for the first time since the Second World War.

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The Maharashtra Tourism Development Corporation (MTDC) is working on a tie-up between hospitality provider Airbnb and locals for offering home-stay to tourists visiting the Elephanta Caves island located in Mumbai Harbour. The policy aims to overcome the security concerns due to high security installations facing the island that does not allow construction of hotels and night stay.

Tourism Minister Jaykumar Rawal said the 29th two-day Elephanta Festival, beginning January 27, will be held on the island itself again. After the 2008 Mumbai terror attacks, the festival venue was shifted to the Gateway of India in south Mumbai. "Seventy years after Independence, the island is soon to get proper electricity connection depending upon the testing of the electricity meters," the minister said. Rawal said there are about 1,200 to 1,500 homes on the Elephanta island, also known as Gharapuri Island, located east of Mumbai.

The minister said no new constructions are allowed on the island due to high-security installations of ONGC and the Navy. The Caves are declared a heritage site by the UNESCO and protected by the Archaeological Survey of India (ASI). Rawal said the government in a tie-up with the Mumbai Port Trust and the Hindustan Petroleum Corporation Ltd (HPCL) is planning a cable car over the sea for travelling to the island. The island is expected to get proper electricity connection within a week's time.

"The Elephanta festival will coincide with the culminating phase of the Mumbai Shopping Festival that will end on January 31," he said, adding that the Elephanta fest will comprise activities like treasure hunt at Elephanta, a sculpture and a painting contests with prize money. Besides this, the festival will have art, dance and music performances by Zia Nath, Sangeeta Trivedi, Sumeet Nagdev, Hans Raj Hans and others, Rawal said.

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Google has introduced updates to its existing "Google Flights" service that will now let users book a hotel at their travel destination directly from Search. Earlier, the service helped users predict flight delays and find the cheapest fare by using machine learning capabilities.

According to Engadget, the company might introduce more integration to help users with the entire travel process.

According to Google, it also added improved price filtering, easier to find information on amenities, along with the new booking feature.

"There are some new interface features that help you check travel options on your mobile phone, too. Over the next few days, you'll see a 'Hotels' option to tap at the top of a 'Google Flight' search page," the report said.

If users want to search for hotels first, they could flip over to the 'Flights' tab as well to check prices and book air travel.

In addition, one could search by destination, then look up flights and hotels from there.

A simple tap on "More Destinations" at the top left of the search results and see more places to go.

"If you've booked travel via Google or have reservations in your Gmail, you'll be able to see it all in the new private 'Your Trips' section," the company said.

A user could also e-mail these details directly from "Your Trips". In case of offline access, the information would show up in the "Google Trips" app.

Lakshadweep

Lakshadweep is a group of islands, 200–440 km off the southwest coast of India. These islands form the smallest union territory of the country. The Lakshadweep region has about 600 species of fish, 78 species of coral and over 100 species of other marine invertebrates. This is the perfect opportunity to explore the fascinating marine life underwater.

This year BNHS will be visiting the Tinnakara Island; The charming isolated Thinnakara Island is situated just opposite side of Bangaram island and share the same lagoon and are part of the Bangaram atoll. You need not worry if you do not know swimming; you can still enjoy the deep blue sea and move among the amazing corals, fishes, shells, shrimps and crabs. Most of the snorkeling will be in waist-deep coral lagoons.

Batch I: 3rd – 7th March, 2018
Batch II: 10th – 14th March, 2018
Batch Size: 15 participants only
Accommodation: Twin sharing in furnished Non Ac beach tents house on the Tinakara Island.
Camp fees: Rs. 47,500/- for members and Rs. 49,000/- for others (ex Aggati).
Cost Includes: Stay and food, Pick-up and drop from/to Aggati one snorkeling session per day on the island.
Cost excludes: Flight/rail tickets, all expenses of personal nature like laundry, tips beverages, camera fees, extra water activities, SCUBA, any cost not specified above.
Reporting: Participants to meet on Day One morning at Aggati Airport Lakshadweep 10.10 a.m. (as per the flight schedule) drop on last day at Aggati Airport at 10 a.m. (as per the flight schedule).

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Representation pic

Scores of Indian and overseas tour operators, alongwith world travellers, will converge in New Delhi later this month to participate in an event showcasing boutique hotels, lodges, hideaways, camps and retreats in India, Nepal and Bhutan.

Brainchild of RARE India, the event, titled Très RARE, will host speakers on hospitality and related topics on the concept of experiential travel in the sub-continent.

With participation of more than 60 independent boutique hotels from India and its Himalayan neighbours Nepal and Bhutan, the event is expected to offer the first glimpse of game-changing hotel concepts, their new initiatives, and showcase a unique selection of never-treaded-before destinations.

'The demand for boutique hotels is reflective of the realigned desires of a global traveller, who is weary of the standard-fare hotels that though comfortable are unimaginatively identical around various destinations. These boutique hotels inspired us at RARE to break away from the traditional and create an intimate showcase that focuses on the niche rather than the mass and mainstream,' said Sowmya R Vijaymohan, the brain behind RARE India and Très RARE.

Select 100 Indian Destination Management Companies and 50 Foreign Operators from UK, US, France, Germany and Italy will focus on intensive one-on-one engagement,
knowledge building and innovations.

Shoba Mohan, the co-founder of RARE India and the event, said, "Boutique and experiential hotels are now a mainstay in the Indian travel industry, and there was a tangible requirement for a platform that is dedicated and designed to showcase their uniqueness." The event will be held on March 30 and 31 at the Roseate Resort.

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To loosen up and de-stress, millennials have understood that travelling is the best therapy. Utilising long weekends, Indians are exploring more offbeat locations rather than going to another city with the same hustle bustle, say experts. Dhruv Raj Gupta, Founder and CEO, TripShelf and Dhruv Sharma, CEO and Founder of GuestHouser, have listed few travel trends this year:

1. Staycation is in: Staycation or staying in the same city has undergone a very interesting paradigm shift due to over-tourism. Travellers are increasingly seeking out relaxed, luxury stays at holiday homes around them in the same city.

2. Choosing home stays over hotels: A growing population of well-travelled urban millennials has grown tired of conventional tourism; which focuses on the simple historical sightseeing and standardized hotel rooms. This population is looking for something more personal and unique wherein they can take a dip in an unfamiliar culture, and experience it by living with a native family. They also look forward to eating authentic food of the place they're visiting and home stays thus prove to be a good option.

3. Exotic or offbeat destinations: Stress busting and exploring unexplored places are the two top reasons for travel on long weekends amongst millennials instead of catching up with friends, research or writing. From quaint solo getaways to off-season mountain escapes and immersive adventures, urban millennials are not nervous about trying unexplored places. They prefer short backpacking trips with just 2-3 nights to stay, and don't mind taking overnight buses or road trips to destinations within a distance of 400 km from Delhi.

4. Last minute travel: With the upswing of various online portals and last-minute attractive deals, spontaneous trips are trending among millennials and they don't hesitate in making plans on the go. Bookings are made less than 24 hours before the trip to various off beat locations.

5. Solo travel on an all-time high: With an all-time high number of people travelling solo, the travel industry has completely transformed to enrich the experience of young solo explorers. These young travellers engage in enriching experiences, learning new skills, immerse themselves in culture while they are out there exploring. The solo excursion helps in a personalized experience that is curated based on individual likes and preferences.

6. Wellness retreat: As people are taking care of their mental health and are paying it equal attention to as their physical health, wellness trips are taking a huge hike. The goal is to be more mentally sound and relaxed before returning to the routine life. Activities like yoga, meditation, hiking, surfing, long treks or even running are the focus of such trips to reduce stress. Various places like Rishikesh, Gokarna, Coimbatore and Mysore have amazing wellness retreats.

In the age of instant social media uploads and the so-called mandatory airport selfies, one cannot do without planning a vacay wardrobe. If you have difficulty in staying within the luggage weight limit, this checklist is your best travel guide.

Cool casual
Deepika Padukone is the queen of effortless cool; her favoured combo being leggings and an oversized shirt or a pullover. Do your knees a favour and pick baggy pants for long flights.

The '90s kid
From Valentino to Masaba, the fanny pack is the new favourite of designers. Take a cue from actor Jacqueline Fernandez and clip one on to keep your essentials in place.

Athleisure
We don't see the athleisure trend settling down anytime soon. And it's the perfect trend to follow for travel, just like actor Ranveer Singh in this tracksuit.

Boho-chic
If comfort is a requisite, loose silhouettes should be your pick. Actor Esha Gupta does it well in this maxi. Natural beachy waves after a day by the seaside will complete your look.

Staples first
>> Linens are best for summer.
>> Wardrobe staples include shirts, your best denim, shorts and linen pants. Ankle-length linen pants can be worn with breezy cotton tops, T-shirts, shirts or kurtis, making four looks with one staple.

>> Footwear is bulky to carry. One pair of white shoes and flip flops or sandals will work with every outfit.
>> Denim shorts go with everything, be it T-shirts or a monokini. Dark or faded shorts work best, while ripped ones need a sporty approach.
>> For cooler places, a classic, big trench coat (each brand has a signature), socks, boots or shoes and a stole should be your essentials.

>> Always carry moisturiser, for the beach or the hills. A perfume is another essential.
>> Carry two styles of sunglasses to change your looks in your photos. Leave the rest to good natural lighting which is a guarantee when outdoors.

- Rupa Chourasia, stylist

From day to night
>> Pack garments in an assortment of light or warm fabrics, which will work not just for the outdoors but also in the AC.
>> For a packed itinerary that involves day outings, partying and outdoors, neutral heels, chic flats and one pair of sneakers will make your shoe-game on point.

>> For a day to night transition in the same outfit, carry small accessories and statement jewellery — slinky chains with a beach cover-up or a kaftan for the beach; interchange this look with a chunky neckpiece or earrings for the night. Make-up can help you achieve this shift too.

>> A small metallic sling bag, a medium tote or a leather backpack are versatile pieces.
- Reann Moradian, stylist

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 Mahindra Electric on Tuesday announced its partnership with self-drive rental platform Zoomcar, as part of which the electric vehicles (EV) maker will offer 100 of its e20 plus EVs on the latter's platform in the capital.

The electric mobility arm of automobile major Mahindra & Mahindra said the agreement is aimed at promoting shared and cleaner mobility.

"Mahindra's commitment towards electric mobility continues. Our aim is to make EVs more mass adaptable in India in public transport, shared mobility and personal vehicles," Mahindra Electric Chief Executive Mahesh Babu told reporters here.

The EVs under the deal are financed as part of an agreement between Zoomcar and Mahindra Finance.

Apart the e2o plus, Mahindra also makes the e-Verito and e-Supro model EVs.

Zoomcar operates in 30 cities across India, allowing users to rent cars by the hour, day, week or month.

At the event to announce the tie-up, Niti Aayog Chief Exexcutive Amitabh Kant said a massive revolution is required to usher in shared, connected and zero waste mobility, while tackling Delhi's air pollution is not possible without private sector collaboration.

"In Niti Aayog, we have provided charging stations as the need for the government is to ensure that there are vast number of charging stations all over and we are, in fact, moving towards having all electric vehicles," he said.

While launching the National E-Mobility Programme here last month, Power Minister R.K. Singh said the government will soon unveil a policy on EVs.

According to officials, the policy will provide that charging EVs would be a service and not sale of electricity -- which requires a licence.

The policy on electric vehicle charging stations on points along identified corridors, draft of which has been finalised by the Central Electricity Authority, would provide that the price of power for charging electric vehicles be capped at the average cost of supply in the state, excluding discom transmission and distribution losses, plus 15 per cent, officials said.

This would help the tariff for charging at an economical level of below Rs 6 per unit, they added.

The governments's National Electric Mobility Mission Plan launched in 2013 aims at gradually ensuring a vehicle population of about 6-7 million electric and hybrid vehicles in India by 2020.

The vision enunciated two years ago is for India to have 100 per cent EVs by 2030.

Representational picture

Lhasa: Newly discovered cliff carvings in eastern Tibet may offer a glimpse into Buddhist art and local history from 1,200 years ago.

According to the regional cultural relics protection research institute, the discoveries dating back to the Tibetan Tubo Kingdom were found in Acur township of Qamdo city, Xinhua news agency reported.

The relics of the Buddha figure carvings were first found by construction workers who were mining for stones. The carvings are inscribed on cliffs that stretch some 10 metres in total.

Experts believe that the carvings were created in the 9th century, based on their style.

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Representation pic

Living high up in an apartment can cut off even the most ardent nature lovers from the soil. Perhaps this is why owning a piece of land is a dream many Mumbaikars - and especially those who have had a taste of what it's like - harbour. Dr Rashmi Pathak, who left her hometown Kolhapur to study medicine in Mumbai, was no different. She longed for the scent of sugarcane that filled the air during the harvest season, and a semblance of all that she had grown up with. To set things right, she and her husband bought a farm near Shahapur in 2001.

The doctor couple armed themselves with the knowledge of traditional manure and bio-fertilisers, and to ensure continuous production throughout the year, chose to have mango, cashew, chickoo and Indian gooseberry plantations on the farm, which they called Aditya Agro. The onset of summer means their 70-acre farm is now laden with red and yellow cashew apples, ready to be plucked and savoured. This Sunday, you can go cashew apple picking, sip on mocktails made from the fruit, and witness farm-life up close in Shilottar, no more than a two-hour drive away from Mumbai.

"We have organised day picnics in the past, but this is the first year that we are hosting guests for cashew-picking," informs Captain (retd) Adityavardhan Pathak, who joined his parents in the running of the farm after he retired from the Armed Forces in 2011. "Unfortunately, we lost 70 to 80 per cent of our trees to a massive fire in 2012. So, I lived on the farm for two years to put things back in motion. The experience was life-altering. When you live so close to nature, it reveals its many shades to you, which change from season to season, and even from day to night," says the Powai resident.

The trail will start at 10 am with a simple breakfast, followed by a briefing session. "Nature has its own way of telling you if its produce is ready to be consumed. If you have to tug at a cashew fruit, it means it's not fully ripe. A ready-to-be plucked cashew apple will give with just a slight twist," shares Pathak. Participants will then be divided into teams for a fun cashew apple-picking competition, where the fruit they pluck will be theirs to take. The Pathaks also provide recipes for cashew apple jams and juices that participants can try at home.

After the trail, a wholesome vegetarian Maharashtrian meal featuring dishes such as bharleli vangi (stuffed brinjals), vaalachi usal (field beans curry), tandlyachi bhakri (rice flour bhakri) and modak will be served. The day ends with a visit to the farm's in-house nursery, where saplings and vermicomposting kits can be purchased.

Nutty facts
>> Cashew is native to northeast Brazil, and was introduced to coastal India in the 16th century by Portuguese traders. Its initial purpose was that of a soil retainer to prevent erosion on the coasts.
>> The Jamaicans call the fruit cashew banana.
>> The Indian-sounding word kaju comes from the Portuguese caju or cajueiro
>> The cashew fruit is a rich source of Vitamin C and antioxidants.

On: April 15, 10 am to 4 pm
At: Aditya Agro, Shilottar, Shahapur
Call: 9223164501
Cost: Rs 990 for adults (Rs 780 for children from 4 to 12 years; cost includes meals)

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Are you planning a long distance travel or a long vacation? Confused what to take and how to pack all your belongings? Worry not, as experts like Shikhee Agrawal, (Head - Training, The Body Shop India) and, Shubhika Jain (Founder of RAS Luxury Oils), have listed 10 must-haves for long distance travel. Also, while travelling long distances, it is best to choose products which are more multi-purpose and carry essentials in travel-size bottles. 

Here are 10 such travel essentials you just cannot do without:

1. Face mask: A face mask is one of those essential and handy things that will make you feel better instantly when you are travelling. If you don't have space in the bag to pack your sleeping creams, a mask will help you wake up with refreshed and moist skin.

2. Face elixir: A face elixir with a blend of beauty oils with rose, sandalwood, frankincense, patchouli, rosehip and vetiver nourishes your skin, ensuring your face always has a gorgeously glowing, satin complexion. After your morning/evening cleansing ritual, take 2-3 drops in the palm of your hand and rub them together to warm before pressing gently onto your face and neck to infuse into the skin. These elixirs can be used as a handy to-go multi-purpose moisturiser when in need of hydration.

3. Cleanser: Don't forget to carry your skincare routine with you especially when it comes to cleanser. They can prevent multiple problems like dust. It will even help you remove make-up and moisturise skin.

4. BB cream: This cream is not just subjected to ultra-fine glow of the face anymore but also contains optimal SPF factor and acts as the skin perfecto and primer. It's best and sensible to avoid multiple products but simply replace it with a good BB cream for the radiance with protection.

5. Eye concentrate or serum: Travelling can make your dark circles appear big due to the long journey and lack of sleep. So an eye concentrate or serum is a must to be included during your daily skincare regime. Eye creams are usually enriched with ingredients which detoxify and reduce puffiness around the tired eyes.

6. Lena perfume bottles: When you need to select a scent for your vanity, pick up one in a travel-sized package. The lean bottles easily slip into your bag and will never spill.

7. SPF enriched lip balm: Lip balm with minimum SPF 15, keeps your pout nourished and soft with moisture boosting lip balm that contains a minimum of SPF 15.

8. Hand and foot cream: A hand and foot cream is a must for keeping every part of your body moisturised, with no rough sides. Travelling while caring for your skin is a must.

9. Lavender and geranium salt polish: For exfoliation, a lavender and geranium salt polish is a good, safe and natural choice. It is a perfect way to get rid of dry, dead skin which may have resulted from a sunburn or just not enough hydration. The salt polish can also be used as bath salts.

10. Use distinct pouches: Keep similar items together and it's best to use distinct pouches for everything and pack them right in the middle of your luggage so as to form a gentle cushion over them and to make sure that they don't get squeezed accidentally.

(Edited by mid-day online desk, with inputs from PTI)

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Mount Everest. Pic courtesy/YouTube

Trekking is a mix of adventure, delight and self-fulfillment. The high-altitude treks offer a thrill-packed action - an experience that should not be missed at any cost.

The mighty Himalayas are the cure for those bitten by the adventure bug. Whilst it takes a lot of gusto, courage and determination, travelling smart is necessary.

Talking about the essentials of smart packing, Rupali Juneja, a travel expert, said, "If you are planning to explore the fascinating mystery of the snow-capped Himalayan beauty, there are several aspects that should be taken care of before starting the sojourn. Many times people over-pack their bags by stuffing it all. This is done because you never know what you might end up needing on your way. However, this is an absolute NO-NO! You must always pack your backpacks smartly so as to avoid wasting time trying to find things later. This will also ensure that you are carrying less/lightweight while climbing up."

"Take time to understand the terrain you are off to. If you have chosen arid mountains, make sure you carry a good hat or a sun cap and pair of glasses. Good trekking shoes, of course, are essentials as would be a sturdy rucksack. A water bottle, sunscreen, insect repellent, Swiss knife are the other essentials. For higher reaches, thermals, woolen caps and warm socks are a must," said Navneet Mendiratta, a content curator, and travel expert.

1. Prepare a checklist: A checklist always helps to remember and organise the items that one needs to carry. Always opt for travelling light.

2. Arrange them the right way: Arranging all your belongings is a task but if done in a right way, everything becomes easily accessible.

3. Quick snacks: Food will surely keep one energised during the trek.

A good and memorable trekking is always the result of a smart packing. So be a smart trekker and enjoy the thrill of trekking expedition in the Himalayas.

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Changing lifestyle habits, increasing work pressure and stress levels have left modern-day individuals with no time to pay heed to their health and one disease that seems to be emerging because of irregular lifestyle is breast cancer. So make sure you are keeping a check on habits that can lead to this disease. Meher Patel, Director at DIVA, Centre for Breast Care (partner with cosmetic brand AVON's #PayAttention campaign that raises awareness on breast cancer), says:

1. Lack of physical activity: Don't be proud of being laid back. One of the main reasons is that excess weight causes the body to produce and circulate more estrogen and insulin, hormones that can stimulate cancer growth. It is crucial to keep your body fit at every stage of life continuously using all body parts to sweat out intoxicants that one consumes in this polluted, fast-paced world.

2. Alcohol and smoking: The downside of relaxing in this modern world. The more glasses of drinks you down on the weekend, or packets of cigarettes you puff up, the more you are at risk of breast cancer. Also, for the night owls, it is advisable to find the right balance since irregular patterns of work, long hours and late nights are more likely found to be struck by cancer in the later years of life.

3. Long night-shifts at work: After conducting a survey with 300 women-some of whom worked at night, some of whom didn't the survey found that those who had worked nights for 30 or more years were twice as likely to have developed the disease.

Renuka Prasad- Joint Secy (Hon.) at Indian Cancer Society too has problems to share that can lead to this disease.

4. Hormone replacement therapy (HRT) and contraceptive pills: Medical improvisations you don't need! Avoid using the viral popular HRT or contraception tablets to abnormally treat menopausal symptoms and unwanted pregnancy.

5. Overweight: Start eating healthy and avoid eating out. Putting on weight in adulthood (after the age of 18) with those extra munchies and burgers, or being overweight after menopause can also lead to breast cancer.

6. Other causes: A few other causes that women tend to overlook is the excess use of deodorants and perfumes, underwired bras, bumping or bruising of breasts, breast implants and abortions that can also be potential threats to breast cancer.

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A Writers Retreat session in progress

While most of us aren't as lucky as Ruskin Bond to call the hills of Uttarakhand home, a brief escape to nature can help get the creative juices flowing. If you love writing and feel you could do with some inspiration as well as insights into honing your prose, the upcoming edition of Writers Retreat might be your ideal getaway.

The sprawling open-air venue

Designed by the live storytelling event series, Tall Tales, and Grassroutes, an organisation that seeks to connect the urban dweller with the rural community, the two-day retreat will take place in Dehna. The village, located at a two-hour drive from Mumbai, is nestled in the Sahyadris. And thanks the many streams and rivulets that spring up during monsoon, it is also called the land of a thousand waterfalls.

Michael Burns

The retreat features seven workshops rolled into one along with some free time to explore and soak in the rural life. "The first day is all about the universal story structure - how to start stories, what to do in the middle, and how to end them. Irrespective of the language or genre, there is a basic structure that many writers with great ideas find difficult to adhere to," says Michael Burns, director of Tall Tales. The day will end with a film screening, where participants will watch a structured story unfold on screen.

The next day will get into the nuances of good writing, like designing unforgettable characters. "Some writing exercises will encourage participants to explore their relationship with nature; something that's difficult to achieve amidst the distractions of a busy city like Mumbai," signs off Burns.

On: October 1, 9 am onwards
Meeting point: To be decided three days prior to the trip
Log on to: instamojo.com
Email: akshay@talltales.in (seats limited)
Cost: '8,000 ('7,000 for students)

What's common between rapper Sofia Ashraf, filmmaker Fathima Nizaruddin and Urdu-Kashmiri poet Mohammad Muneem Nazir? Besides a form of expression, they use their art as a tool of resistance. Next week, they will come together at Godrej India Culture Lab for Performing Protest, an evening that explores how art works with hunger strikes and marches to help create change. "The idea is to highlight alter-narratives [alternative narratives]. Young India is protesting in a number of ways — through candle-light marches, online petitions and flash mobs. Art is also one of them," says Lab head Parmesh Shahani.

A still from Nuclear Hallucinations

Fathima Nizaruddin

Ashraf will share more on the causes she supports through her music — the viral hit Kodaikanal Won't, protested against the mercury poisoning due to Unilever's thermometer plant, and Dow Vs Bhopal: A Toxic Rap Battle, appealed to the White House to help bring Dow Chemicals to bring justice for the Bhopal Gas Tragedy. "Today, the culture of dissent is looked down upon and those practising it are shown in a bad light, as the powers that be clamp down with terms like anti-national. So, it's important to stress on art's role in dissent," says Ashraf, who will also showcase the tongue-in-cheek music videos she creates under the series, Sista From the South.

Sofia Ashraf. Pic courtesy/Pretika Menon

Mohammad Muneem Nazir

Delhi-based Nizaruddin, currently pursuing practice-based PhD from London's University of Westminster, will showcase Nuclear Hallucinations. The 54-minute film on the anti-nuclear struggle against the Kudankulam Atomic Power Project in Tamil Nadu, highlights cases of sedition and war against the state that have been filed against the protestors. "Cases are even filed against grandmothers running coffee shops. The film questions the totalitarian nature of pro-nuclear assertions in the form of a satirical documentary. Instead of conducting interviews, I asked the villagers to wear masks and stage impersonations," shares the director, who will also present a performance before the screening.

Parmesh Shahani

Nazir will perform Urdu poetry that reflects the turmoils in the Valley. "My music appeals to people to be compassionate," he says. The trio will come together for a panel discussion about their work process.

ON: October 27, 5 pm
AT: Godrej One, Vikhroli East.
RSVP: indiaculturelab@godrejinds.com

An article he had read a little over two years ago changed Rohit Ingle's life forever. It espoused the cause of veganism so persuasively that Ingle says he was convinced overnight to give up eating meat. "I can't remember where I read the article," he confesses. "But it had a very simple line - if you are an animal lover, you can't eat them. If you love someone, how can you be the cause of their misery?" he adds.

Rohit Ingle while flagging off his journey from Ahimsa Fest this week. Pics/Sneha Kharabe

That message is what he now hopes to spread across the country, riding a cycle. Ingle embarked on his epic journey - and it can only be described as that - from Bandra on Thursday, a week ahead of World Vegan Day on November 1. The plan is to cover 19,000 km over one year, stopping not just at different state capitals, but especially in the hinterland. "Hardly anyone in India knows about veganism," he says, adding, "I'll pitch my tent at places like highway dhabas. There, I can interact with the customers and tell them more about what I am doing, hopefully inspiring some of them [to take up veganism] in the process."

Does he feel any apprehension? "Yes, I am nervous, I won't lie about that. But I am motivated by my cause. There are also people who will be there to welcome me at Ahmedabad and Surat initially, and that will hopefully give me further encouragement. So, as the journey goes by, I am sure this feeling will go away."

But, Ingle adds, he's not quite sure about how he will sustain himself financially to get through an entire year. "I have raised `60,000 [of his `3.5-lakh target] through crowdfunding. I have also received money from The Pollination Project, an organisation based in the US that has sponsored me for $1,000. So, I have around `1.3 lakh and can easily start my journey for at least three to four months."

After that, he hopes to keep going till November 2018, inspiring as many people as possible along the way. "See, the message is very simple - if you want to eat meat or wear animal products, an animal that doesn't want to die is definitely going to be killed. So, you have to keep that in mind."

Nick Seluk, the American artist behind the popular The Awkward Yeti comics, on his ingenious organ characters and more

What made you pick a blue yeti as the central character?
I imagine the blue yeti [Lars] as a misfit among the attractive, extroverted white yetis. He looks, acts and thinks differently than the average yeti, and for that reason, feels disconnected. To me, it was a funny way of exaggerating my own awkwardness and introversion.

Nick Seluk

What is the key to creating intelligent comics for kids?
The key is that I don't make them for kids. I make them for adults, but I simplify the information to the extent that people of all ages can enjoy them.

Why did you decide to study psychology?
I have been very introspective, and psychology was an interesting way to learn about myself and others, like how we differ and relate. Much of what I learned reinforced what I already knew through observation, and gave me the confidence to use those concepts (albeit abstractly) later on in comics.

Pic courtesy/theawkwardyeti.com

If turned into a film, who do you think should voice Lars?
There are so many great options. I imagine a sort of deep, awkward voice for Lars, perhaps a John C Reilly or Brian Posehn.

What's your favourite organ character?
I love Heart because it represents my desire to be myself, be weird and try new things (not always successfully). My favourite character to write for is Tongue, because the character takes impulse to a new level.

A new organ character that you would want to introduce?
Most organs have made an appearance at some point, but the one I still want to make into a character is the mesentery, because it's sort of a bizarre grotesque shape that would be fun. I don't know if it would make regular appearances, but I hope it will show up some day.

Do you run your comics by your family for critique?
I used to do that a lot, but now I usually post the comic on Twitter first. It's my smallest social media audience, so I kind of use it to test it out. If it does well enough, I share it with my larger audiences on Instagram and Facebook.

Which artists inspire you?
I grew up reading and gaining great inspiration from Calvin and Hobbes, The Far Side, and The Simpsons. In the past few years, I have found a lot of inspiration from artists whom I meet while travelling.

Are you familiar with the works of Indian artists?
I am not, but I'm excited to be at Mumbai Comic Con because what better way could there be to start learning about them?

On: November 11 and 12 (11 am to 8 pm), Seluk's special session on 12, 4.30 pm
At: Bombay Exhibition Centre, Goregaon East
Log on to : comicconmumbai.com
Entry: Rs 499 (day pass)

In 1996, when lyricist Nitin Raikwar dropped by on the set of Aamir Khan's Ghulam, on the recommendation of actor and filmmaker Neeraj Vora, it was to craft gimmicky dialogues for Khan's next film, Sarfarosh. "They wanted me to write funny shayaris for one of the characters in the film," he says. The shoot was at Sanpada in Navi Mumbai, and due to a technical snag, the crew had plenty of time to kill. "I noticed that Aamir was relatively free at that point, so I went up to him and requested that he give one of the songs I had written a listen. He heard it, and immediately called director Vikram Bhatt. They both thought the song was unusual but nice," recalls Raikwar. That song was Aati Kya Khandala, eventually sung by Khan himself, becoming a number that would make it to every Bambaiyya Hindi song list after.

Nitin Raikwar, sought to capture the mood of Goa. Pic/Satej Shinde

Raikwar went on to continue to use the slang in some of his memorable songs including Apun Bola Tu Meri Laila from Josh (2000), Excuse Me Kya Re from Style (2001) and the iconic Khallas from Ram Gopal Varma's Company (2002). Raikwar has also worked on children's films, and penned lyrics for Chota Chetan (1998), Jajantaram Mamantaram (2003) and others like Pyar Tune Kya Kiya (2001), Aankhein (2002) and Main Madhuri Dixit Banna Chahti Hoon (2003). "I think what worked for me at that point was the novelty factor. People dig variety. For instance, we may love our vada pav, but when the burger made an entry in early 2000, we started queuing up for it. It's the same with songs," he says. These days, Raikwar is working on his debut album for which he has collaborated with Shrikant Ahire, one of Maharashtra's foremost shadow dancers. He plans to release a single from it next month. The song is called Khan Sahab Apne Ladke Ko Sambhal. "I thought I'd write in a manner that people identify with. I can't write in a flowery and larger-than-life way. It's not me."

Apun Bola from Josh, which was written by Nitin Raikwar

Writing in tapori language was a skill that Raikwar developed after he moved to Mumbai from Pune in 1987. By then, he had already tried his hand at singing in orchestras, something his father wanted him to do since he was a successful show organiser. "But I didn't see myself singing in orchestras all my life. I was aware of the risk and struggle involved in Bollywood, but I was adamant to make it," he says. With little money to spend, Raikwar's story reads like that of so many others who move to Mumbai from smaller towns to try their luck. "When a man is struggling, he spends time with people who are like him. So I would sit at chai tapris and talk to rickshawallas, drivers and daily wage labourers. Because I'm talkative and an extrovert by nature, I could strike up a conversation with just about anyone. That's how I picked up the slang," he says. Even when he didn't have projects, Raikwar would write and seek feedback from his friends, some of whom were already working in the film industry as supporting actors. And it's through their assistance that he finally met Anil Kapoor on the sets of Ladla. "I consider that the turning point in my life.

Anil Kapoor felt I had potential and introduced me to directors and filmmakers," he says. Raikwar's first song was Teri Tirchi Nazar Main Hai Jaadoo for Anil Kapoor-starrer Loafer in 1996. But it was Aati Kya Khandala that earned him fame like no other. In fact, it helped him bag a Shah Rukh Khan film soon after. "I remember writing Apun Bola in 15 minutes after I heard the script. I wanted it to reflect Goan culture so I included words like kokum curry. You'll also find words like 'hoinga' and 'karenga', just the way a Catholic aunty would say them," he says.

In 2014, Raikwar had to put all work on the backburner for two years due to an illness. It began with bouts of headache, and he was later diagnosed with subdural hematoma of the brain. "The clots had to be removed through surgery. For a long time, I couldn't work because of the illness. I'm fine now, and hope to get back to what I do best," he says.

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The cast rehearsing at The Cuckoo Club

If you ask anyone, which part of the wedding they enjoy the most, chances are that the 'sangeet' would be a popular choice. Especially, in a city like Delhi that is known for their great Indian weddings. Prerna Chawla and Shikha Talsania's upcoming play Dekh Behen takes on this larger-than-life grandeur of a wedding that is taking place at a plush Chhattarpur farmhouse.

What makes this Akvarious production extra special is that this play has been put together by an all-girl team. Talsania says, "Dekh Behen is a kitschy, light-hearted story of five bridesmaids catching up hours before they are to put up a rehearsed item number at the Sangeet ceremony, in a big fat Delhi wedding. It's a bittersweet comedy about daughters, girlfriends, mothers, sisters, wives, and getting through one bloody 'shaadi ka function'." Playing the lead character, the bride's brattish sister, is YouTube superstar Mithila Palkar who used to be an active member of Thespo. While she always wanted to act on stage, she found her space backstage doing play readings. Speaking about her role Palkar says, "Riya belongs to a rich Punjabi family from Delhi. She's intelligent but inevitably a brat. But, she is also trying to figure out life as it happens to her and is battling a perpetual conflict of principles and emotions, like most of us, in our early 20s, do. So, 'rich brat' aside, I can relate to Riya."

The play has been written by Dilshad Edibam Khurana and Tahira Nath Krishnan. Khurana says, "Dekh Behen is a fun story that also touches upon a lot of issues that are common among friends or siblings. Through the course of the story, these issues get discussed and ironed out. But at the end of the play, you will go will go back home with a smile on your face." One can easily relate to the title and the poster of the play, thanks to the popular 'dekh behen' memes. So, is that the connect, we ask Talsania. She says, "The title came up during a coffee break conversation, while we were doing another play. Come and watch the play, you'll see why it's an apt title."

When: February, 1-4, 8 PM
Where: The Cuckoo Club, 5AA Pali Hill, Bandra West
Entry: Rs 400
Call: 9619962969

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Mayank Gandhi on ground at rural development projects

The Aam Admi Party (AAP) took the country by storm in 2012 and people believed they were looking at a new dawn. But "leaders are not what they seem like from far. When you go closer, you can see that they have feet of clay. What they project and what they actually are, are two different things", alleged Mayank Gandhi, former AAP leader and a founder member of the party, in an email interview, hours before his book AAP & Down: An Insider's Story of India's Most Controversial Party (Simon and Schuster India), co-authored by Shrey Shah, was released in the city yesterday.

At the book launch in Mumbai. Pic/Bipin Kokate 

Wake up, India
The tell-all was released to mark the third anniversary as the ruling party in Delhi. When we asked the Mumbai-based leader about his reasons for penning it, he said, "The primary purpose was to lay down the bare truth about what happened and how the country's citizens realised that democracy was more than just about voting during five-year elections. It is to also tell the youth who still harbour the hope of alternative politics coming from AAP that their dream is over."

In the book, besides Arvind Kejriwal and Anna Hazare, Gandhi focuses on those who worked behind the scene to shake the nation into consciousness. He elaborated, "As a young man, I had felt the pain of being betrayed when the Janata Party experiment failed, in which I had personally invested part of my life. I was insignificant then and inconsequential. Now, when the youth of the country are being betrayed all over again, I can feel their pain. And this time, I am not so inconsequential and would like to be a medium of letting the people know what happened and how."

A file photo of Arvind Kejriwal at an AAP rally in Delhi

Opportunity lost
Gandhi, who played a key role in AAP's formation, admits that writing the book was a tumultuous journey. From re-living the India Against Corruption (IAC) days to the crushing of dreams, "the only thought that came to my mind was the opportunity that we lost in transforming the nation". Gandhi believes that AAP failed because instead of maintaining the founding principles for which it received extraordinary support, the party decided to indulge in the three Cs — corruption, casteism and communalism — after it won Delhi by unprecedented margins. "This impatience and abandonment of ethics and morals was the biggest mistake it made," he said.

But despite losing focus, the IAC movement has given people the courage to assert themselves before authorities and politicians. "Counter hegemony has started appearing as people have understood the power of standing up to the wrongs," says the man who has decided to focus on development politics, and is now working for the development of rural India, starting with the Beed district in Maharashtra.

AAP & Down, which is a documentation of India's "second independence" struggle according to Gandhi, gives readers a chance to see how power changes man. "People who operate in the name of serving the poor, many a times are serving their personal ambitions and egos," the author said.

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If you have played your favourite Kishore Kumar song or a Beatles classic umpteen times but do not know why you forget to press the stop button for some particular numbers, new research offers some clues. Listeners often engage and develop a "deep connection" with some of their favourite songs, said the study published in the journal Psychology of Music.

The study involved more than 200 participants who completed an online questionnaire about their experience listening to their favourite song, including how it made them feel and the frequency with which they played the song. The participants reported listening to their favourite song hundreds of times.

The mean among the sample was more than 300 times and this number was even larger for listeners who had a deep connection to the song -- something that was particularly likely if they had mixed emotions, such as "bittersweet," while listening. Certain features of the song were particularly important reasons why respondents listened many times, said Jason Corey, Associate Professor of Music at the University of Michigan in the US and a co-author of the study.

The most important features were the song's "melody," "beat/rhythm" and "lyrics", the study found. For songs that made listeners happy, beat/rhythm was especially important for relistening. Finally, the more times people listened to their favourite song, the more the listeners could hear it internally, the researchers said.

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This story has been sourced from a third party syndicated feed, agencies. Except for the change in headline, the story has been provided "AS-IS," "AS AVAILABLE, without any verification or editing from our side. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

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Washington D.C.: When eating an apple can save you from a doctor then consuming an egg will significantly reduce the risk of cardiovascular diseases. Cardiovascular disease (CVD) is the leading cause of death and disability worldwide, including China, mostly due to ischaemic heart disease and stroke (including both haemorrhagic and ischaemic stroke).

Unlike ischaemic heart disease, which is the leading cause of premature death in most Western countries, stroke is the most responsible cause in China, followed by heart disease.

Eggs are a prominent source of dietary cholesterol, but they also contain high-quality protein, many vitamins and bioactive components such as phospholipids and carotenoids.

Previous studies looking at associations between eating eggs and impact on health have been inconsistent, and most of them found insignificant associations between egg consumption and coronary heart disease or stroke.

Therefore, a team of researchers from China and the UK led by Professor Liming Li and Dr Canqing Yu from the School of Public Health, Peking University Health Science Center, set out to examine the associations between egg consumption and cardiovascular disease, ischaemic heart disease, major coronary events, haemorrhagic stroke and ischaemic stroke.

They used data from the China Kadoorie Biobank (CKB) study, an ongoing prospective study of around half a million (512,891) adults aged 30 to 79 from 10 different geographical areas in China.

The participants were recruited between 2004-2008 and were asked about the frequency of their egg consumption. They were followed up to determine their morbidity and mortality.

For the new study, the researchers focused on 416,213 participants who were free of prior cancer, cardiovascular disease (CVD) and diabetes.

From that group at a median follow-up of 8.9 years, a total of 83,977 cases of CVD and 9,985 CVD deaths were documented, as well as 5,103 major coronary events.

At the start of the study period, 13.1 percent of participants reported daily consumption (usual amount 0.76 egg/day) and 9.1 percent reported never or very rare consumption (usual amount 0.29 egg/day) of eggs.

Analysis of the results showed that compared with people not consuming eggs, daily egg consumption was associated with a lower risk of CVD overall.

In particular, daily egg consumers (up to one egg/day) had a 26 percent lower risk of haemorrhagic stroke - the type of stroke with a higher prevalence rate in China than in high-income countries - a 28 percent lower risk of haemorrhagic stroke death and an 18 percent lower risk of CVD death.

In addition, there was a 12 percent reduction in risk of ischaemic heart disease observed for people consuming eggs daily (estimated amount 5.32 eggs/week), when compared with the 'never/rarely' consumption category (2.03 eggs/week).

This was an observational study, so no firm conclusions can be drawn about cause and effect, but the authors said their study had a large sample size and took into account established and potential risk factors for CVD.

This study was published in the journal Heart.

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While Google Duplex, which lets AI mimic a human voice to make appointments and book tables through phone calls, has mesmerised people with its capabilities and attracted flak on ethical grounds at the same time, Microsoft has showcased a similar technology it has been testing in China.

At an AI event in London on Tuesday, Microsoft CEO Satya Nadella revealed that the company's Xiaoice social chatbot has 500 million "friends" and more than 16 channels for Chinese users to interact with it through WeChat and other popular messaging services.

"Microsoft has turned Xiaoice, which is Chinese for 'little Bing', into a friendly bot that has convinced some of its users that the bot is a friend or a human being. Xiaoice has her own TV show, it writes poetry and it does many interesting things," The Verge quoted Nadella as saying.

Xiaoice interacts in text conversations but now the company has started allowing the chat bot to call people on their phones.

The bot does not work exactly like Google Duplex, which uses the Assistant to make calls on a user's behalf but it holds a phone conversation with the user.

"One of the things we started doing earlier this year is having full duplex conversations. So now Xiaoice can be conversing with you in WeChat and stop and call you. Then you can just talk to it using voice," Nadella was quoted as saying.

Humans will be humans and the latest victim of humankind was Microsoft.

Two years ago, Microsoft launched an artificial intelligence (AI)-powered bot on Twitter, named Tay, for a playful chat with people, only to silence it within 24 hours as users started sharing racist and offensive comments with the bot.

Launched as an experiment in "conversational understanding" and to engage people through "casual and playful conversation", Tay was soon bombarded with racial comments and the innocent bot repeated those comments back with her commentary to users.

Some of the tweets had Tay referring to Hitler, denying the Holocaust, and supporting Donald Trump's immigration plans, among others.

Later, a Microsoft spokesperson confirmed to TechCrunch that the company is taking Tay off Twitter as people were posting abusive comments to her.

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Bariatric surgery, a weight loss operation, is associated with a 61 percent decrease in the risk of developing malignant skin cancer, according to a study.

Melanoma is a deadly form of skin cancer, most closely associated with excessive sun exposure. Obesity is an established risk factor for cancer and some studies indicate that intentional weight loss sometimes reduces the risk.

However, evidence for a link between obesity, weight loss and malignant melanoma is limited.

The new findings showed that bariatric surgery led to a 42 percent reduced risk of skin cancer in general compared to controls given usual obesity care.

The study "supports the idea that obesity is a melanoma risk factor and indicates that weight loss in individuals with obesity can reduce the risk of bariatric surgery that has increased steadily in many countries over several decades", said lead author Magdalena Taube from the University of Gothenburg in Sweden.

The results were presented at the 2018 European Congress on Obesity in Vienna, Austria.

The protective effect of bariatric surgery on skin cancer was observed in a group of 2,007 obese participants who were then followed for a median of 18 years.

These were compared with a control group consisting of 2,040 individuals who matched with the participants who underwent surgery on sex, age, anthropometric measurements, cardiovascular risk factors, psychosocial variables and personality traits.

To analyse malignant melanoma incidence, statistical tests were used to compare time to first melanoma cancer diagnosis between the surgery and control groups.

In additional analyses, risk ratios between the surgery and control groups were compared.

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In line with its efforts to help users identify original sources and authentic information on Twitter, the microblogging site plans to add new labels to the campaign accounts of political candidates, starting with those running in the 2018 US midterm general election.

The legitimate accounts of the candidates will be clearly identifiable with a small icon of a government building, Twitter said on Wednesday.

The label will appear on the Twitter Profile page of the candidate and alongside all tweets sent or retweeted by the account, Bridget Coyne, Senior Public Policy Manager at Twitter, said in a blog post.

Twitter is partnering with Ballotpedia, a non-profit, civic organisation that publishes nonpartisan information on federal, state and local politics to help identify the campaign Twitter accounts of candidates once they qualify for the general election ballot for an applicable office.

Labels will begin to appear after May 30 on the campaign Twitter accounts of candidates who have already qualified for the general election ballot for an applicable office, and provided Twitter with consent to apply the label, Twitter said.

Candidates running for state Governor or for the US Senate or US House of Representatives during the 2018 US midterm general election will qualify for the US election labels.

"This will continue on a rolling basis as states continue to hold primary elections and candidates officially qualify for the general election ballot," Coyne added.

"Providing the public with authentic, trustworthy information is crucial to the democratic process, and we are committed to furthering that goal through the tools we continue to build," Coyne said.

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