There is a famous saying, "Love has no age." Well, Brazilian footballer Neymar's mother Nadine Goncalves is definitely a believer in the saying as she recently made headlines for revealing that she is romantically involved with a man named Tiago Ramos who is way younger to her.

Neymar's mother Nadine, age 52, is currently dating gamer Tiago Ramos who is 22 years of age. Not only is Tiago 30 years younger to Nadine, he is even 6 years younger to her son Neymar, age 28.

Neymar's mother Nadine Goncalves took to social media site Instagram to announce that she is in a relationship with Tiago Ramos and also shared a photo of the two embracing each other. Neymar's mother Nadine captioned the photo in Portuguese, "O inexplicável não se explica, se vive (The inexplicable cannot be explained, you live it…”). See the post below.

 

 

 

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O inexplicável não se explica, se vive... ❤️

A post shared by Nadine Gonçalves (@nadine.goncalves) onApr 11, 2020 at 3:49pm PDT

Nadine and Neymar's father and agent Wagner Ribeiro parted ways in 2016 after 25 years of marriage. Meanwhile, not only is Nadine's new relationships approved by son Neymar and her ex-husband, they also support the couple and show their happiness.

Commenting on the Instagram post, Neymar wrote ‘Be happy Mom, Love u’ while her ex-husband Wagner simply posted applause emojis.

Tiago Ramos is a huge gamer as well as a fitness enthusiast and has admitted to being a fan of Neymar who plays for French club Paris St. Germain.

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Asia's top football competitions will go ahead this year despite the coronavirus pandemic, a senior official told AFP, although games may have to be played behind closed doors. Windsor John, general secretary of the Asian Football Confederation (AFC), said he was confident that the AFC Champions League and AFC Cup would both be completed. Both tournaments, featuring teams from throughout Asia, Central Asia and the Middle East, are on hold until at least the end of June after COVID-19 shuttered professional sport worldwide.

"Both will be played this year. We still have time," John told AFP, adding that new dates for the competitions may be known by the end of April. However, John did not rule out matches being played without fans "if that's what the health authorities need". The AFC is determined for both tournaments to go ahead "for sporting reasons and to fulfil commercial obligations", he said. His comments came after the AFC on Tuesday announced the indefinite postponement of all matches scheduled for May and June due to the virus.

The Champions League, the region's premier club competition, and the second-tier AFC Cup were both halted in March as the pandemic's spread forced governments to impose strict travel restrictions. Both tournaments are on an increasingly tight schedule, with the 32-team Champions League needing to complete four rounds of group-stage matches in July before the postponed knock-out phase begins in August.

The group phase of the AFC Cup will also have to be completed in a rush once matches resume. The finals for both tournaments -- which traditionally take a break in July, to avoid the worst of the Asian summer heat -- are scheduled to take place in November. Domestic leagues remain on hold around the world, including in China where the virus first emerged, but where football shows no sign of returning despite optimism the outbreak is under control.

Asia's extended shutdown, announced on Tuesday, also affects the two-legged women's Olympic qualifying play-off between China and South Korea, which had already been moved to June 1 and 9. June qualifiers for the men's 2022 World Cup and 2023 Asian Cup had been postponed before the AFC's announcement on Tuesday. Asian football was an early sporting casualty of the coronavirus pandemic, before competitions in Europe -- including Euro 2020 -- and the rest of the world were also affected.

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The father of Paris Saint-Germain star Neymar has said that the Brazilian forward will decide his next career move for himself.

Dismissing claims that he heavily influences his son's key decisions, Neymar Santos Sr said his priority was to provide moral support for the 28-year-old, reports Xinhua news agency.

"He is always the one who chooses which path to take," Neymar Sr said in an Instagram Live video on Wednesday. "We only work administratively: to make sure he has the best contract, to put him in the best home and have the best career management."

He described Neymar's 2013 move to Barcelona as the realisation of a "childhood dream". But the 55-year-old, who has acted as Neymar's agent since 2011, denied speculation the 28-year-old could return to the Camp Nou this summer, insisting he is happy at the Parc des Princes.

In a wide-ranging conversation with Brazilian journalist Beto Saad, Neymar Sr also revealed that the former Santos prodigy was close to joining Corinthians instead of Barcelona.

"We were close to signing a deal. But I said to Neymar, 'Go (to Barcelona) first. Carve out a career there and then we'll talk about it'," he added.

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Former Arsenal star Serge Gnabry is not just succeeding professionally at his new club Bayern Munich, but also on the personal front. Serge, 24, has been in top form, having scored a brace against Chelsea recently, making it six Champions League goals this season.

Now, off the field, it is learnt that he is dating top Swiss model Sandra Jerze, 23. According to German newspaper Bild, the couple has been dating for three weeks now and spent the Easter weekend together in Munich. Model Sandra has also done a few acting stints besides featuring in German artist Pietro Lombardi’s music video, Phenomenal.

Initially, it was rumoured that Sandra was dating Pietro before latest reports confirmed she’s in a relationship with Serge.

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Liverpool's star footballer Mohamed Salah, 25, has donated a huge amount of money besides food to families in his hometown of Nagrig, a village in the Egyptian city of Basyoun, to help in the battle against the Coronavirus pandemic.

According to a report in British tabloid, The Sun, the Egyptian footballer sent supplies to poverty-hit residents along with some advice on how to stay safe from the virus.

Salah Ghaly, the Liverpool striker's father, said that the village has been sanitised and residents have been given facemasks to prevent the spread of the virus, which has already killed 205 people in the North African country. It is believed that the total amount donated by the Liverpool star is around £405,000 (R3.8 crore).
Mohamed is currently in lockdown like the rest of the UK, where the death toll has crossed 15,000.

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Manchester City striker Sergio Aguero has been using some of his spare time in lockdown to teach British kids how to speak Spanish.

The Argentina international has been signed up by the BBC as part of its home-schooling initiative while educational establishments are closed during the coronavirus pandemic. Aguero is teaching kids how to count in Spanish. His lessons became available on a day kids in Britain would have usually returned to school after the Easter holidays.

Aguero says it's a tough time for children at the moment, and also for parents trying to keep them focused on their education from home. Aguero hasn't played a competitive match since March 8 because soccer is shut down in England and across most of the world during the outbreak.

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The financial squeeze put on Premier League clubs by the coronavirus crisis could be felt across the continent in the coming months as the well to fund massive transfer fees runs dry. For each of the past four summers, Premier League clubs have flexed their financial muscle to splurge over £1 billion ($1.3 billion) on transfers. That has helped spread the wealth of television contracts worth billions across Europe and crucially down the divisions to cash-strapped clubs in England. Now even the world's richest league is facing economic meltdown. Premier League matches have been suspended indefinitely with no return expected before mid-June at the earliest. Broadcasters could be due a rebate worth a reported £762 million if the season is not completed and, even when the games do recommence, they are likely to be behind closed doors, quashing income from gate receipts.

Moreover, a number of major sponsors such as airlines and gambling companies have been just as badly hit by the COVID-19 shutdown, which is expected to lead to a curb on commercial revenue. Rather than the usual arms race for talent, Premier League clubs are fretting about just meeting their wage bills for the next few months. "Many clubs could be threatened by insolvency and transfer plans came to a standstill for most clubs because of the many uncertainties," said Matthias Seidel, founder of Transfermarkt, a website specialising in transfer values. According to Transfermarkt, 1.8 billion euros ($2 billion) has already been wiped off the value of Premier League squads. "There's no doubt the actual value of players right now has gone down in all squads," said Brighton owner Tony Bloom. "How much less, I have no idea. It depends on how the next few months play out."

'Vultures and predators'
Such uncertainty has led for calls to do away with transfers entirely to avoid the unseemly sight of clubs, who have asked staff to take pay cuts and in some cases relied on government money, spending money on new players. "If you're trying to get 30 percent pay cuts from existing players, you may have to put a transfer embargo in place," former Manchester United captain Gary Neville told Sky Sports. However, embargoes may only accelerate fears that clubs lower down the pyramid will not survive the crisis. Proceeds from transfer sales are commonly used in the lower leagues to cover running costs and will be needed even more without the regular income of gate receipts to rely on. "I think there will be significant transfer fee deflation," football finance expert Kieran Maguire told AFP. "There will be a significant number of clubs that when some form of transfer market returns, they will be close to going out of business and therefore will accept fire sale prices. "The vultures and predators will pick off good players for very modest fees."

The fear for those reliant on transfer fees, though, is that the damage has already been done. Given the vast sums involved, transfer fees are very commonly paid over the course of a player's contract. Based on accounts published to the end of the 2018/19 season, Premier League clubs owed £1.6 billion in outstanding transfer payments, £900 million of which was to foreign clubs. Maguire warns of the domino effect whereby if one club fails to meet its transfer debt, it could spark a series of defaulted payments on other deals or even worse force clubs into insolvency. "The concern is that financial problems in one league could spread throughout the industry just like the pandemic," he said. Bundesliga chief executive Christian Seifert told the New York Times earlier this month that the transfer market will "collapse" and that "some leagues will understand that money is nothing that is coming automatically every month from heaven." That may have been a slight on the Premier League's overindulgence on transfer fees. But as the biggest spender, the economic earthquake felt by English football will ripple across Europe for some time to come.

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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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England football star Jesse Lingard's model friend Laura Bragato is hoping the Manchester United player likes her latest pictures from a shoot for Playboy magazine.

Italian Laura, who shot topless for the magazine's Croatian edition before the global lockdown, told British newspaper Daily Star: "I haven't shown him [Jesse] the pictures yet but for sure he will appreciate them like all my friends."

Jesse Lingard

Laura met Jesse during the 2018 FIFA World Cup in Russia and the pair have since kept in touch via text messaging. "I spoke to Jesse recently, and he is staying home like the rest of us. He is safe," Laura added.

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Indian Super League (ISL) side Kerala Blasters on Wednesday appointed Mohun Bagan's I-League winning coach Kibu Vicuna as their head coach for the upcoming season. This came hours after the franchise announced that it has parted ways with Eelco Schattorie after one season at the helm of affairs. "We are happy to announce that Kibu Vicuna will take over as head coach for the upcoming season!" Kerala Blasters said in a tweet. Spain's Vicuna oversaw Mohun Bagan win the title with four rounds to spare. The league was suspended midway due to the COVID-19 pandemic and later had to be called off with Mohun Bagan declared champions.

Mohun Bagan have merged with ATK to enter the ISL from next season with Antonio Lopez Habas, who coached ATK to their record third title, in charge of the combined outfit. Dutchman Schattorie was in charge of the Kochi-based outfit in the ISL 2019-20 and could only guide the club to a poor seventh-place finish. "Kerala Blasters FC have parted ways with the Head Coach, Eelco Schattorie. We'd like to thank Eelco for his efforts and services during his tenure and wish him the best for the future," Kerala Blasters had tweeted earlier in the day.

The 48-year-old first landed on Indian shores when he took over Kolkata-based Prayag United back in 2012. He went on to win the IFA Shield and guided the team to a fourth-placed finish in the I-League. After serving as the head coach for Kolkata giants East Bengal for the 2015 season, he joined Avram Grant's NorthEast United setup for parts of the 2016 ISL season, before taking over as head coach for the 2018-19 campaign.

In his very first season as a head coach in the ISL, Schattorie showcased immense tactical guile and took Guwahati-based NorthEast United to the semi-finals for the first time since the club's inception, before being knocked out by eventual champions Bengaluru FC. After leading the NorthEast United to their best-ever campaign in the club's history, Schattorie replaced Nelo Vingada as the Kerala Blasters head coach heading into ISL 2019-20.

The Dutchman, however, could not replicate the same success in Kerala which he had achieved with the NorthEast United as several factors came into play. A host of recurring injuries to key players, including a season-long one to stopper Sandesh Jhingan, severely handicapped Kerala's campaign as they finished seventh on the table with 19 points from 18 matches.

Despite not making the top four, Schattorie's Kerala side found a lot of admirers for their free-flowing attacking style of football.

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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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A chance to play with him, have lunch and watch a game of football from the owners box. David Beckham, part owner of the Major League Soccer club Inter Miami, is auctioning off all that stuff. Former England captain and Manchester United legend Beckham is doing this as part of the league's participation in the All In Challenge, which raises money for organisations that are helping feed the hungry during the coronavirus pandemic, including Meals on Wheels, No Kid Hungry, America's Food Fund, World Central Kitchen and Feeding America.

The MLS season is suspended from March 12 with the deadly virus causing havoc in the United States. Earlier this month, Beckham had expressed gratitude towards all the frontline workers who are risking their lives in the fight against the coronavirus pandemic, saying it was "another week of hard work". Beckham had taken to Instagram to post a video story in which he was seen clapping along with his family.

"Managed to set the phone up this week to get the whole family showing our appreciation for all the frontline workers and our brilliant NHS. Thank you for another week of hard work. #ClapForOurCarers," Beckham had written in his Instagram story.

The entire world has come to a standstill amid the ongoing coronavirus outbreak. Sports activities have also taken a big hit and almost all the events have been postponed or cancelled, including the Olympics.

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The Argentine forward is a true superstar of the game and one of the most famous players on the planet, but here are some things you might not already know about him.

1. He has scored at least seven goals against every other La Liga Santander team
All LaLiga teams naturally fear Messi when he comes up against them, with the No.10 having netted at least seven times against all 19 of the other sides currently in the top division. His favourite victim is Sevilla, against whom he has a whopping 37 goals in 38 appearances. Over his career, he has faced 40 different clubs in the Spanish top flight, with only three yet to concede against him: Cadiz, Murcia and Xerez.

2. He first played with fellow Barcelona captain Gerard Pique in 2000
Messi and his current Barcelona teammate Gerard Pique have spent most of their footballing lives together. They were both in the same team in Barcelona’s La Masia academy, along with Cesc Fàbregas – part of the so-called “generation of ‘87” and conquered almost every challenge in their path. It was clear from that early age that these players would go on to achieve great things and, although Pique spent time at Manchester United and Real Zaragoza before returning to Barcelona, they have both been in the Blaugrana first-team squad together since 2008, playing 471 matches together. Messi has only played more often alongside Sergio Busquets and Andrés Iniesta.

3. He pays tributes to his grandmother after every goal
The sight of Messi pointing towards the sky with both hands after scoring a goal has become an almost weekly occurrence in LaLiga but not many people know its meaning. It is in fact a tribute to Grandmother Celia, who Messi credits with sparking his interest in football and supporting him as he took his first steps in the game. Sadly, she passed away in 1998 and never saw him play at the top level, but his iconic celebration ensures that her spirit lives on.  

4. He could have played for Spain at international level
Messi has represented Argentina throughout his international career, but he could have been wearing the red of Spain had he accepted an offer to join the national team of the country where he has spent his entire professional career. After spending his childhood in Barcelona, he was eligible to play for the 2010 world champions, but Messi says the idea never crossed his mind. The rest, as they say, is history as he has gone on to become Argentina’s all-time top scorer with 70 goals.   

5. His footballing idol was Pablo Aimar
Many up-and-coming players consider Messi as a role model, but it’s easy to forget that he had an idol growing up too, just like any other aspiring footballer. His was fellow Argentina and former Valencia and Real Zaragoza playmaker Pablo Aimar. They faced each other in LaLiga on several occasions, including on one special night in 2004 when Aimar came up to the 17-year-old Messi, an unused sub on the night, after the game to offer him his shirt. He still treasures that jersey to this day. 

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Arsenal's squad will be allowed back to their training ground from next week, although the club stressed they would still have to maintain British government guidelines designed to combat the spread of the coronavirus. The Premier League side's players will have access to training pitches but on a strict rotational basis that will see them uphold social distancing measures. "Players will be permitted access to our London Colney training grounds next week," said a club spokesperson. "Access will be limited, carefully managed and social distancing will be maintained at all times.

"All Colney buildings remain closed. Players will travel alone, do their individual workout and return home." This week saw Arsenal become the first Premier League club to agree a coronavirus pay cut with their players as manager Mikel Arteta and his stars slashed their wages by 12.5 percent. There are reports Arsenal, whose yearly wage bill is around £230 million ($286 million), will give players their money back in the event that they bridge an eight-point gap and qualify for the Champions League when football restarts. Football is currently suspended indefinitely in England, with the UK under lockdown.

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Football legend Diego Maradona, the manager of struggling Argentinian club Gimnasia y Esgrima La Plata, has praised the decision to suspend relegation from the country's top division until 2022.

The Argentinian Football Association (AFA) confirmed the move on Tuesday as it cancelled the rest of the top flight season amid the ongoing coronavirus pandemic.

The move spares Gimnasia from an almost certain drop to the second division, reports Xinhua news agency.

"It's not the end that we would have wanted, but it's a good decision," the 1986 World Cup winner told Argentinian newspaper Clarin.

"We were convinced that we were going to avoid relegation anyway. But this is reward for a group that has given everything for this club."

Gimnasia needed a strong showing in the Superliga Cup to have any chance or remaining in the top tier under Argentina's complex promotion-relegation system that considers results over a three-year cycle. The Cup competition was aborted last month after just one round.

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Argentine football legend Diego Maradona has asked the "Hand of God" to deliver the world from COVID-19 pandemic and allow normal life to resume. The World Cup winner referred to his hand-assisted goal in the 1986 World Cup after Argentine football chiefs voted to end the current season as well as suspend relegation, saving Diego-managed bottom club Gimnasia from the drop.

"Today this happened to us and many people say it is a new Hand of God," said Diego, alluding to his infamous goal against England. "But today I'm asking for that hand to end this pandemic so people can go back to living their lives, healthy and happy." Then-Argentine captain Diego responded to the controversy over his goal at the World Cup in Mexico by saying "it was the Hand of God!"

Argentina went on to beat England 2-1 in the quarter-final. On being thrown a lifeline by the suspension of the season, he told Argentine daily Clarin: "It's not the ending we had wanted, we were convinced we could save ourselves on the pitch."

Argentina has been in lockdown since March 20 against the Coronavirus, which by early Wednesday had infected 4,114 people with 207 deaths.

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Putting on weight is a common fear during this Coronavirus-caused lockdown. However, England football star Jamie Vardy's wife Rebekah prefers to deal with the issue in a lighter vein. While most celebs are posting pictures and videos of their workouts and chiselled frames, Rebekah uploaded this picture (right) on social media, showing off her flabs, a term she coined for her flabby abs.

Former model Rebakah, a mother of five, admitted that her weight-gain is because of excessive eating which included eating cookies and drinking wine.

"I've seen a lot of pics of people's amazing abs in lockdown so thought I'd share my cute little [FL]abs with you as well," Rebekah, 38, wrote on Instagram, going on to explain her daily diet. "For anyone interested in following my lockdown eating plan, it involves three quite healthy meals per day with my family, then I top up with a consistent intake of three cookies in between meals and after meals. Then, I make sure I'm keeping myself well hydrated with wine in the evenings," added Rebekah, concluding with a cheeky line: "I also do yoga."

 

 

 

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I’ve seen a lot of pics of people’s amazing abs in lockdown so thought I’d share my cute little (FL)abs with you as well. For anyone interested in following my lockdown eating plan it involves 3 quite healthy meals per day with my family, then I top up with a consistent intake of 🍪🍪🍪 in between meals and after meals & then I make sure I’m keeping myself well hydrated with 🍷🍷🍷 in the evenings. I also do yoga 🧘‍♀️ #keepitreal #nofilter #freetheflabs #loveyourbody ❤️

A post shared by Becky Vardy (@beckyvardy) onApr 29, 2020 at 10:30am PDT

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Italy's 20 Serie A clubs have reiterated their unanimous desire to complete the season as the northern Emilia-Romagna region became the first to open the way to training despite government restrictions. An emergency Lega Serie A assembly via video of the top-flight clubs took place after Sports Minister Vincenzo Spadafora this week said the chances of restarting were "increasingly narrow". League president Paolo Dal Pino stated after the meeting "his openness to a dialogue with the government from a constructive and collaborative perspective, obtaining on this position the full agreement of all the clubs."

Spadafora has warned that the government will call time on the season which has been suspended since March 9 if the Italian Football Federation (FIGC) fails to convince them on its health and safety protocol. An FIGC meeting slated for May 8 could be decisive. Meanwhile, the Emilia-Romagna region on Friday gave permission for local clubs, including top-flight sides Bologna, Parma, SPAL and Sassuolo, to resume training in sports centres from May 4 if they wished to do so.

Emilia-Romagna regional president Stefano Bonaccini has agreed to allow "professional sportspeople to train individually, in compliance with social distancing rules and without any gatherings in closed-door structures." Southern giants Napoli are also planning to return to training as their safety proposals have received the backing of local authorities.

Friday's league meeting also addressed the issue of TV rights, but no resolutions were adopted concerning broadcasters Sky, DAZN and IMG, with a final payment estimated at 340 million euros ($370 million) for the current season, due to be paid in May. FIGC president Gabriele Gravina has said that calling time would be "the death of Italian football", predicting losses of over 800 million euros in TV rights, sponsors, ticketing and marketing.

If the government did decide to pull the plug on the season it would have the support of a country traumatised by over 28,000 coronavirus deaths. According to a recent survey, two out of three Italians would support a stoppage, in particular in the northern epicentre, stronghold of heavyweights Juventus, Inter Milan and AC Milan and Atalanta.

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The global lockdown caused due to the COVID-19 pandemic hasn't affected Portuguese football superstar Cristiano Ronaldo's workout regime.

 

 

 

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Discovering my island with the best company👨‍👦❤ï¸Â #madeiraisland #staysafe

A post shared by Cristiano Ronaldo (@cristiano) onMay 2, 2020 at 3:55am PDT

Before he returns to Italy next week, the Juventus player took partner Georgina Rodriguez and son Cristiano Jr to the scenic mountain top of the Madeira island for a hike on Saturday. He shared this picture of his son and him, with his 216 million Instagram followers and captioned it: "Discovering my island with the best company #madeiraisland #staysafe."

 

 

 

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🍃🌴🌵🌾ðŸ¦ÂŽ Punta de San Lorenzo ⛰🌏❤ @aloyoga #family #love

A post shared by Georgina Rodríguez (@georginagio) onMay 2, 2020 at 9:10am PDT

Meanwhile, Georgina posted this family picture (right) of them visiting the Ponta de Soo Lourenco (it means the Point of Saint Lawrence in Portuguese), the eastern point of the island, and wrote: "Punta de San Lorenzo #family #love."

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Brazilian footballer Neymar is reportedly ready to take a 50 per cent pay cut on his existing Paris St. Germain deal to force through a move back to former club Barcelona.

After spending four trophy-laden years in Spain, Neymar joined PSG in 2017 for an eye-watering sum of 198 million pounds.

Reports have time and again surfaced that the star forward is unsettled in France and wants a Barca return in order to once again link-up with close friend Lionel Messi.

According to Spanish outlet Mundo Deportivo, Neymar is ready to sacrifice half of his 600,000 pounds per week salary at PSG in order to make a sensational return to Barcelona.

Barcelona was Neymar's first club in Europe and he won two LaLiga titles, three Copa del Reys and the Champions League once with the Catalan giants.

Barcelona stars have also spoken about their admiration for Neymar and aren't against his return despite his unceremonious exit from the club few years ago.

"Everybody knows 'Ney', we all know the affection we have for him in the dressing room," Suarez was quoted as saying by Mundo Deportivo last month.

"His ability is indisputable and he still has so much to show. He will always be welcome in the changing room, we appreciate him a lot."

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Former footballer Xavi Hernandez, hoping that Paris Saint-Germain star Neymar will return to Barcelona, said that the latter is among the 'top three or five players in the world'.

"Footballing wise, he's in the top three or five players in the world, no doubt," Goal.com quoted Xavi as saying during an Instagram chat with ex-Barca forward, Samuel Eto'o.

 

 

 

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Avui em connectaré a @roadto2022es per fer una sessió de preguntes i respostes en viu amb @setoo9. Si tens qualsevol pregunta per nosaltres, escriu-la a sota en els comentaris. Les preguntes i respostes es realitzaran a Instagram Live a les 18h horari de Doha, dilluns 4 de maig. ___ Hoy me conectaré a @roadto2022es para celebrar una sesión de preguntas y respuestas en vivo con @setoo9. Si tienes una pregunta para cualquiera de nosotros, escríbela en los comentarios a continuación. Las preguntas y respuestas se realizarán en Instagram Live a las 18:00 hora de Doha, el lunes 4 de mayo. ____ Today, I’ll be in @roadto2022es to participate in a Q&A live session with @setoo9. Send us your questions in comments below, and we’ll answer them on Instagram Live today, Monday 4th, at 18:00h (Doha time)

A post shared by Xavi (@xavi) onMay 4, 2020 at 4:37am PDT

"He can make the difference. Let's hope he returns to Barcelona. I'm a Barcelona fan and I want the best players there," he added.

After a four-year stay in the club, the former Barcelona player, Neymar, left in 2017 to join Paris Saint-Germain.

During the interaction, Xavi also expressed a 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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Football superstar Cristiano Ronaldo flew back to Italy on Monday after almost two months in Coronavirus lockdown in his native Madeira, Portugal, but he is continues to help with donations during this COVID-19 pandemic.

Lokomotiv Moscow's Portuguese player Joao Mario has told British tabloid, The Sun that Cristiano is donating money to lower league players in Portugal, who are financially hit due to the pandemic.

"It's a bad situation for everyone but in these kinds of situations, it's worse. They [Portugal's lower league players] really need our help. Cristiano presented us an initiative for us all to help especially those players that are struggling, that do not have professional contracts," said Joao.

Meanwhile, Manchester City star Bernardo Silva said, "Ronaldo suggested that Portugal players should donate 50 per cent of their Euro 2020 qualification bonus towards a players's fund in the Portugal Football Federation."

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The head of the English Professional Footballers' Association (PFA) has raised the possibility of playing shorter matches to lighten the load on players if the season can restart. English clubs remain committed to completing the campaign despite severe concerns over player welfare. Players could be tested up to three times a week and be forced to stay quarantined in hotels away from their families for a number of weeks to help limit the risk of them becoming infected with coronavirus. With 92 matches in the Premier League season still to be played, players could have little preparatory time to work on their fitness in group training before being rushed back into playing twice a week.

FIFA have proposed increasing the number of substitutes allowed per side from three to five to also lessen the risk of fatigue and injuries for players on their return. "Safety has to be paramount," PFA chief executive Gordon Taylor told the BBC. "We don't know the future. What we do know is what propositions have been put, what ideas have been put, the possibility of having more substitutes, games possibly not being the full 45 minutes each way.

"There's talks of neutral stadiums. There's been lots of things being put forward. "Try and wait and see what the proposals are, and then have the courtesy to let the managers and coaches and players also assimilate all those and come to a considered view." The Premier League's "Project Restart" has been met with some resistance over plans for all remaining games to take place at up to 10 neutral venues.

The remaining matches would need to be played behind closed doors, but there are fears fans could congregate around stadiums. Some top-flight clubs have argued that under those circumstances there should be no relegation as the sporting integrity of the competition is compromised. However, chairman of the English Football League (EFL) Rick Parry said denying promotion to three Championship clubs would end up in legal battles.

"The lawyers are going to get wealthy if that happens," Parry told the Digital, Culture, Media and Sport committee on Tuesday. "There would be a degree of outrage from a number of clubs in our Championship, and it would be a breach of the tripartite agreement. "The safe answer is that it would get very messy. Our expectation is there would be three clubs promoted from the Championship."

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Algeria international Farid El Melali will be tried for indecent exposure after allegedly masturbating in public, AFP learned on Tuesday on the Angers winger's 23rd birthday. El Melali was questioned by police in Angers late on Monday after his neighbours claimed they caught him exposing himself in front of a building where a woman was staying.

The forward admitted to police to having an "inappropriate attitude", according to his lawyer Sandra Chirac-Kollarik, and thought he was alone in the courtyard of the building. "He wasn't targeting anyone, and wasn't aggressive towards anyone," Chirac-Kollarik said. The public prosecutor's department said El Melali had committed a similar act in April but the same victim was unable to identify the individual.

El Melali, who signed a new contract with the Ligue 1 club on Monday, was released but will face trial in terms of an appearance prior to an admission of guilt. His side, who he joined in August 2018, said they had taken note of his situation and added they "would wait for the decision." In February, the outfit from western France's president Said Chabane had been questioned for "aggravated sexual aggression" following accusations from within the club.

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Portuguese football superstar Cristiano Ronaldo, 35, could be expecting his fifth child going by an indication from his girlfriend Georgina Rodriguez, 26, via social media.

On Monday, just before leaving for Turin, Italy from Madeira in Portugal where they spent nearly two months, Georgina hinted in a social media post that she was pregnant.

She Instagrammed this blurred picture (above) of herself chewing gum with the words 'baby girl' accompanied by a heart wrapped in a bow emoji.

Cristiano has four children, Cristiano Jr, nine, twins Eva and Mateo, two, born via a surrogate mother and Alana Martina, two, from Georgina. Cristiano and his family arrived in Italy, where he will now self-isolate for two weeks before resuming training with his club, Juventus.

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The virtual war between WAGs Rebekah Vardy, 38, and Coleen Rooney, 34, is far from over. It is learnt that Rebekah, wife of Leicester City footballer Jamie Vardy, wants a public apology from Coleen, the wife of former England captain Wayne Rooney, for accusing her in October of leaking fake stories to the press via social media.

While both ladies are currently locked in a legal battle, it is learnt that they will have an arbitration meeting on Zoom this week in a bid to avoid a costly court case, reported British tabloid, The Sun.

"Becky [Rebekah] is adamant she's done nothing wrong and has told her team she wants a public apology," an insider told the newspaper. "She was hurt that Coleen went straight on social media to lay the blame at her door, rather than speaking to her privately. She has maintained her innocence throughout and doesn't want this to be brushed under the carpet without Coleen publicly apologising," added the source.

The two used to be good friends before Coleen claimed in October that Rebekah's Instagram account had been leaking false stories to the press. Subsequently, Rebekah endured a lot of abuse on social media.

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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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Portuguese footballer Bernardo Silva has reportedly found love during the ongoing Coronavirus-caused lockdown.

The Manchester City star, who split from his French model girlfriend Alicia Verrando two years ago, is said to be in a relationship with Portuguese model Ines Tomaz.

According to a report in the Portuguese media, Bernardo has been in lockdown near Lisbon in Portugal with Ines for over a month, but the couple are not keen to rush into things.

"They've not been together for very long and they want to take things slowly," a source told Portuguese newspaper Correio da Manha.

It is learnt that Bernardo and Ines have been watching Netflix, playing the piano and even learning to cook together. Bernardo revealed last week that he was in quarantine with a group, including Ines, and had even posted a picture of the bunch on social media.

"Hey guys, it's been over a month that we're all locked down in our homes so I have decided to show you a little bit of what our quarantine looks like. This is the group of friends with whom I'm spending my quarantine," he wrote.

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German professional football is going to return to action on May 16 to 18 with its first and second tier getting back underway. League association CEO Christian Seifert announced the permitted re-start is planned without games on Friday evening but contains two rounds of matches during the week. "We wanted to follow the wording in the orders of politics strictly," the 50-year-old commented, reports Xinhua news agency. All games will be run behind closed doors.

The season was interrupted mid-March due to the coronavirus crisis. Nine rounds remain plus one postponed match. German Chancellor Angela Merkel and the 16 federal state prime ministers gave the green light for a restart on Wednesday based on a comprehensive hygiene concept. Most of the 36 clubs voted for the earliest possible start. At least two sides, such as Werder Bremen and FSV Mainz 05, demanded a start one week later to gain time for additional training.

Seifert announced the season is to be continued with matchday 26, which contains the delicate derby of Borussia Dortmund against the FC Schalke 04 on Saturday. Six games are notified for Saturday, two on Sunday and one on Monday evening. All match-days contain a so-called late-game in the evening. The table leaders Bayern Munich face an away game against league newcomer Union Berlin Saturday evening.

The season's last games are planned to take place on June 27 to 28. Seifert indicated the Champions League final could be run around the end of August. The German Cup has to be rescheduled. To address parts of the demands of Bremen, their game against Bayern Leverkusen is scheduled for Monday on May 18. The federal state of Bremen was one of the last spots allowing training in smaller groups.

All 36 clubs took up full team training this Thursday. From Saturday on, all clubs attend an obligated seven-day-long quarantine. Players, staff, and family members will undergo a diverting number of tests. Referees are going to be tested by next week. Seifert said football concept could be a blueprint for other team-sports, fighting sports and athletics as well as for orchestras and theaters.

Clubs and association are in close contact with fan groups to avoid gatherings around the arenas. Therefore, negotiations take place with pay-tv broadcasters to provide certain games on free tv.

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Last month, during the promotions of his flick MISSION MANGAL, Akshay Kumar made a startling revelation. He said that he believes that success depends on 70% luck and 30% hard work. His statement surprised many but the fact is that many around the world of different nationalists, communities and even class believe a lot in luck and the concept of lucky charm. No wonder, the business of numerologists and astrologists is thriving. Anuja Chauhan’s novel ‘The Zoya Factor’ tackles this idea and it was written so well that it became a bestseller. The rights were soon picked by Shah Rukh Khan’s Red Chillies Entertainment but the production house failed to make the film within the stipulated period. Aarrti Shetty and Pooja Shetty Deora then bagged the rights and turned the novel into celluloid, while keeping the title of the film the same as the book. So does THE ZOYA FACTOR turn out to be as entertaining as the novel? Or does it fail to impress? Let’s analyse. <img class="aligncenter wp-image-1020460 size-full" title="Movie Review The Zoya Factor" src="https://www.bollywoodhungama.com/wp-content/uploads/2019/09/Movie-Review-The-Zoya-Factor.jpg" alt="Movie Review The Zoya Factor" width="750" height="450" /> THE ZOYA FACTOR is the story of a girl who considers herself unlucky but is the lucky charm for the country. Zoya Solanki (Sonam K Ahuja) is born on June 25, 1983, the day India won the 1983 Cricket World Cup final. Her father Vijayandra Singh Solanki (Sanjay Kapoor) declares that she’ll prove beneficial for the cricket team, having born on such an auspicious occasion. While growing up, Zoya indeed turns out to be a lucky charm for Vijayandra and her brother Zorawar (Sikandar Kher) when they used to play Gully Cricket. As an adult, Zoya however considers herself unlucky. The madness that her family members have for cricket makes her dislike the sport. She works as junior copywriter at an ad agency called AWB and is constantly making mistakes, much to the annoyance of her boss Monita (Koel Purie). Monita sends Zoya on ad campaign comprising of the Indian cricket team in Sri Lanka and warns not to make an error in what she calls a small, simple shoot. Zoya reaches Sri Lanka and becomes friends with Nikhil Khoda (Dulquer Salmaan), the captain of the Indian team. This is a time when the players have lost back to back matches. The World Cup is just a month away and the pressure is killing them. On the day of their match in Sri Lanka, Nikhil invites Zoya to have breakfast with the players. Here, Zoya casually mentions about her date of birth and lucky charm bit. On that day, India miraculously wins the match. The players realise that she is indeed a lucky charm. They make flimsy pretext to stop her from going back to India and try to get her to have breakfast with them for the next match. As expected, they win again. Nikhil however doesn’t believe in luck and The Zoya Factor and feels that it’s hard work that works. Yet he can’t help but fall for Zoya who too is in love with him. Meanwhile, the Indian Cricket Board's Jogpal Lohia (Manu Rishi Chadha) comes to know about Zoya. He approaches her with an offer – dine with the boys in blue before every World Cup match and get paid Rs 1 crore! Zoya however refuses the offer. Jogpal realises that they need Zoya anyhow and hence, they hand over the World Cup campaign to AWB with instructions that Zoya should be leading it. Jogpal is also aided in this plan by his nephew Robin (Angad Bedi) who is also in the team and is Nikhil's rival. He wants to see Nikhil being removed from captaincy and he uses Zoya for his ulterior motive. What happens next forms the rest of the film. THE ZOYA FACTOR is based on the novel by the same name by Anuja Chauhan. The story has a lot of promise and is also relatable. A lot of people believe in luck as well as are cricket fans and hence in a country like ours, such a story can connect with the viewers. Pradhuman Singh Mall and Neha Sharma's screenplay (with additional screenplay by Anuja Chauhan) is effective for most parts. They don’t make the film too emotional even at a single point. The idea is to keep the film light and entertaining from start to finish. In a way, it’s great but at the same time, the film misses the emotional touch. Pradhuman Singh Mall and Anuja Chauhan's dialogues are very witty and contribute a lot to the laughter. The dialogues mouthed by the commentator are sure to be loved by audiences. <span style="text-decoration: underline;"><strong>The Zoya Factor Public Review | Sonam Kapoor Ahuja | Dulquer Salmaan | Abhishek Sharma | FDFS</strong></span> <iframe id="jwiframe" class="playerFrame" src="https://www.bollywoodhungama.com/videos/first-day-first-show/the-zoya-factor-public-review-sonam-k-ahuja-dulquer-salmaan-abhishek-sharma-fdfs/?jwembed=1" width="800" height="340" frameborder="0" allowfullscreen="allowfullscreen"></iframe> Abhishek Sharma's direction is decent. He has handled some scenes with élan but there were also scenes where he really rushed through the proceedings. But the creativity of his execution comes through in several sequences. The scene where it rains is one such sequence – the focus is on Nikhil returning to the pavilion while Zoya could be seen on the giant screen in the foreground. Also, he has used subtle hints to show that the film is set 9 or 10 years back. This is evident through the use of old mobile phones. The idea to not base THE ZOYA FACTOR in 2018 or 2019 makes sense as Zoya’s age is supposed to be not more than 26 or 27. Moreover, the product placements can be an eyesore in most films but here, it’s like an integral part of the film. The Cadbury Silk TVC, for example, is well woven into the narrative. THE ZOYA FACTOR has a very impressive commencement that gives an idea about the cricket and luck elements of the film. Shah Rukh Khan’s witty narration and the animated sequence adds to the fun. The initial scenes of Zoya are okay but the film gets better once she reaches Sri Lanka and interacts with the Indian team. The romantic track also has its moments. Two scenes stand out here – Zoya’s interaction with Nikhil in the elevator and Nikhil meeting Zoya’s family and family friends. Post-interval, the film slips a bit. Also, the film seems too quick at places. The World Cup sequence in the pre-climax and climax however revives the interest. The performances are great by all actors. Sonam K Ahuja suits the part to the T. One can’t imagine anyone else for this role and she does total justice, whether in the scenes of her being love struck or acting pricey or even acting mature and giving out some important lessons to Nikhil in times of need. Dulquer Salmaan is super-dashing but he also gets his act right. He’s totally into his character and convincingly seems the captain of the team. Angad Bedi gets a great part and also screen space and is fine as the baddie. Sikander Kher is the surprise of the film. His role might remind one of Prateik’s character in JAANE TU YA JAANE NA [2008] but his part stands out and Sikandar ensures that happens. One of his best scenes is when he offers tea to the very protestors who have come to vandalize his house! Sanjay Kapoor is a natural. Manu Rishi Chadha is fine and it’s good that he doesn’t overdo the lisping bit. Koel Purie is strictly okay. Pooja Bhamrrah (Sonali) looks quite glamorous and plays the supporting part well. From the other crickets, the ones who leave the mark are Abhilash Chaudhary (Shivi), Gandharv Dewan (Harry) and Sachin Deshpande (Lakhi). Shankar-Ehsaan-Loy's music is in sync with the film’s mood. <em>'Lucky Charm'</em> is the best of the lot followed by <em>'Kaash'</em> and <em>'Maheroo'</em>. <em>'Pepsi Ki Kasam'</em> is played in the end credits. Indrajit Sharma and Parikshit Sharma's background score (with additional background score by Kingshuk Charavarty) is dramatic and adds to the fun. Manoj Lobo's cinematography is suitable and the lensman does a good job in the cricket scenes especially. Theia Tekchandaney, Abhilasha Devnani and Gayatri Thadani's costumes are very appealing. The ones worn by Sonam especially are too good which was expected. Rajat Poddar's production design is rich. After Studios' VFX is quite good, although it’s a bit poor in some scenes. But overall, it’s a good job considering that quite a many scenes are shot against the green screen. Utsav Bhagat's editing gives the film a pacy feel but some scenes could have had a bit of slow, slow-motion effect especially in the finale. On the whole, THE ZOYA FACTOR is a feel-good popcorn entertainer that works chiefly due to concept, treatment, humour and performances. At the box office, it has the potential to grow dramatically due to a good word of mouth.

Gold has indeed proven itself as an effective hedge against any downside risk. It has seen a sharp rise in the price rally since the first case of Novel Coronavirus was reported in November 2019.

In the beginning of March, gold prices fell marginally, however it is on the upswing and has retained its level above Rs 40,000 per 10 grams.

Graph: Gold's rising uptrend

Gold started to ascend last year when the US and China trade talks began and escalated in trade war, followed by similar trade wars of the US with other nations.

These events have proved to be favourable for the momentum of the price of Gold. It played its role of a crucial hedge and store of value when other asset classes had witnessed high volatility and posted marginal returns.

Some of the other factors that have supported gold are...

• The outbreak of COVID-19 with no evident containment yet
• Economic uncertainty and fears of a virus-led global recession
• Global GDP growth revised downwards and for across regions
• Easy monetary policy action (of reduction in interest rates and stimulus packages) and an accommodative stance adopted by the central banks across the world to support growth
• A crash in the oil markets due to lack of demand and excess supply with storage problems
• A record-high global debt-to-GDP of nearly US$ 255 trillion (over 322% of global GDP) - 40 percentage points higher than at the onset of 2008 global financial crisis according to the Institute of International Finance (IIF), as the world is fighting the COVID-19 pandemic
• The US Presidential elections later this year, in November 2020
• Increased stock market volatility
• The potential risk to the inflation trajectory.

[Read: Coronavirus Has No Antidote. Your Bad Investments Could Have.]

Besides, the lockdown brought upon due to COVID-19 pandemic is going to hurt the economy for a couple of quarters badly which will amplify the credit risk. The economic activity will slow grind to full capacity, prompting furloughs and pay cuts, and job losses across sectors, which will affect the credit line as the number of defaulters will rise because cash strapping will be seen.

Recognising the risk stemming from the bottom hit economy, where the growth projections by the IMF are almost 1.9% due to the CoVID-19, the NPAs of banks and NBFCs are expected to increase.

[Read: How the COVID-19 Extended Lockdown Has Made Investments in 'Banking Funds' Very Risky]

Until the COVID-19 pandemic is contained and economic uncertainty prevails, the spotlight will continue to be on gold owing to the financial uncertainty it brings along. Even the IMF Global Financial Stability report highlights an increase in the level of risk among multiple global metrics and, therefore, the importance of owning gold in one's portfolio.

Hence, in my view, in the current situation consider allocating some portion of your investment portfolio to gold and its equivalents. This year buying gold in a physical form from your preferred jeweller or gold merchant may not be possible amidst the COVID-19 extended lockdown. But you can always consider Gold Exchange Traded Funds, Gold Saving Funds, Sovereign Gold Bonds, and/or Digital Gold, which are smart and unconventional ways of investing in gold.

Recently the Government of India, in consultation with the Reserve Bank of India, decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020 as per the calendar specified below:

Each of the tranche is offered for a limited subscription period, having a maturity tenure of 8 years and a lock-in period of 5 years

With an initial investment amount of Rs 20,000, resident individuals, Hindu Undivided Families (HUFs), Trusts, Universities and Charitable Institutions can subscribe to SGBs. The application can be also made by the guardian on behalf of the minor. One can purchase units from the secondary market as well.

The issue price of the SGB will be Rs 50 per gram less than the nominal value when applied online and the payment against the application is made through digital mode.

On maturity, the Gold Bonds shall be redeemed in Indian Rupees and the redemption price shall be based on a simple average of the closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewellers Association Limited.

In order to encourage passive but direct gold investment, as an alternative to purchasing physical gold, Modi led Government sanctioned a Sovereign Gold Bond Scheme in November 2015. Under this scheme, investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by the Reserve Bank on behalf of Government of India.

With the Sovereign Gold Bond Scheme, the risks and costs of physical storage are eliminated. Plus, it is free from issues like the costs of making charges and purity, as in the case of gold in jewellery form. But these bonds are held in the books of the RBI, or in demat form to eliminate even the risk of loss of scrip, etc.

Sovereign Gold Bonds will generate market returns linked to the price of gold, so there may be a risk of capital loss if the market price of gold declines. Moreover, these bonds will provide interest income at the rate of 2.50 per cent (fixed rate) per annum on the amount of initial investment to investors and will be redeemable.

The minimum investment allowed is 1 gram, while the maximum buying limit is a subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF), and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April - March).

These bonds are sold through offices or branches of Nationalised Banks, Scheduled Private Banks, Scheduled Foreign Banks, designated Post Offices, Stock Holding Corporation of India Ltd. (SHCIL), and the authorised stock exchanges, either directly or through their agents.

Do note, that the interest on the bonds is taxed as per the provisions of the Income-tax Act, 1961. If you hold the SGB till maturity the capital gains tax on redemption of SGB is exempted. But if you sold the bond in the secondary market after three years, long term capital gains (LTCGs) tax is applicable and it will be taxed at 20 per cent with indexation. And if sold before three years, a short-term capital gains (STCGs) tax will be applicable according to the income tax slab.

What should the investors do?

Defeating the Coronavirus and surviving is everyone's core focus and having liquidity, those who have an adequate contingency fund are looking for investments.

Equity and debt markets are yet to see any signs of revival despite the stimulating relief measures provided to uplift the slowing of economy but investing in gold can prove to be worthy for your portfolio.

[Read: What Could Be the Potential Impact of a Lockdown on Your Mutual Fund Portfolio? Know Here...]

Even the bond prices were at all-time lows, which are inversely proportional to gold as well. In my view allocate at least 10-15% of your entire investment portfolio to gold and hold it with a long-term investment horizon.

Remember gold offers an effective hedge during global uncertainty and a shield against inflation. Most importantly in your portfolio, it serves as a diversifier.

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.

Unnerving movements for debt mutual funds investors!

Just last week my colleague, Divya explained the fiasco at Franklin Templeton Mutual Fund, which took a decision to abruptly wind down six debt mutual fund schemes, namely:

• 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

In all, the above debt mutual fund schemes had an AUM of Rs 30,854 crore as of March 31, 2020.

The fund house cited, "severe market dislocation and illiquidity in the fixed income space" caused by the COVID-19 pandemic, as the reason behind the decision.

Investors in these schemes are now left in the lurch: they cannot sell (nor buy) these funds and will have to rely on the fund house to get back their hard-earned money. Investors will have to hold their investments in these schemes until liquidity is available to the mutual fund house by either selling securities in the fund's portfolio or receiving maturity proceeds.

Currently, a fact is, not just Franklin Templeton Mutual Fund, but debt mutual fund schemes of many other fund houses are have a remarkable exposure to stressed assets.

According to portfolios disclosed on March 31, 2020, mutual funds collectively held Rs 1.38 trillion of exposure to debt securities issued by Non-Banking Financial Companies (NBFCs). Approximately Rs 51,000 crore of the exposure in debt securities has a maturity profile of less than 3 months; and now, mutual funds fear that there will be defaults.

NBFCs and other corporate borrowers claim that they do not have enough liquidity to fulfil their obligations and have requested for additional time. Given that, rating downgrades from rating agencies look likely.

However, some companies are playing smart: they are approaching the Courts to prevent a rating downgrade, plus seeking a stay on sale of pledged shares. Of course, they are well within their right to approach the judicial authority or Courts and contest.

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But the capital market regulator, seems to be in no mood in offering them any leeway. On the contrary, the regulator is asking the mutual fund industry to act against the issuer of securities who are possibly carrying high credit risk; facing asset quality problems.

Delays in repayments would mean the creation of more side-pockets by mutual funds. And in my view, more the losses investors suffer, more frustrating it will be for mutual fund houses and their investors. Eventually retail and High Net-worth Individuals, particularly, will lose confidence and may not be keen to invest in debt funds.

If you are wondering what has gone wrong, here's everything you may like to know about liquidity, credit risk and the exposure of mutual funds to corporate debt in the present scenario.

If you remember, the capital market regulator had mandated large corporations to source at least 25% of their borrowings from the bond markets from the beginning of FY 2019. This move was expected to deepen Indian bond markets and reduces the stress on banks. Just a year later, the same move is proving fatal for companies that went to the bond markets to raise money.

Now that the COVID-19 lockdown has forced many business units to shut off temporarily or operate much below their optimal operational capacity with a skeletal staff, companies, including the large organisations that relied heavily on debt markets, are finding it difficult to honour maturity claims on Commercial Papers (CPs), Non-Convertible Debentures (NCDs), and Bonds.

They were hoping for an 'at-par treatment' with Banks when the Reserve Bank of India (RBI) offered a moratorium period to borrowers. But the RBI circular came to them as a shocker. The devil was in the details.

On March 27, 2020, the RBI issued a notification allowing a three-month moratorium on all outstanding term loans and working capital facilities on account of disruptions caused by the outbreak of coronavirus. This circular did not cover around 10 thousand NBFCs, who mainly depend on CPs, NCDs, and Bonds for their funding requirements.

As far as NBFCs are concerned, the RBI has already provided them with a liquidity facility through the banking channel. The RBI directed banks to utilise funds infused under Targeted Long Term Repo Operations (TLTRO) facility to invest in 'investment-grade' CPs, NCDs, and Bonds issued by NBFCs. Also, RBI mandated banks to allocate 50% of Rs 50,000 crore of liquidity introduced by way of TLTRO 2.0 to small and mid-size NBFCs and small finance banks.

But NBFCs seemed not too happy with just liquidity and many of them are now approaching courts to prevent rating downgrades. This is not a best practice for the industry, although fund houses may be well within their rights to contest.

Recently, Indiabulls Housing Finance was successful in receiving the interim order from Delhi High Court, throttling any coercive action against the housing finance company for its inability to repay its bondholders. The Delhi High Court will hear the case further on May 19, 2020.

This has added to the worries of mutual fund houses that now fear other NBFCs will follow the same path.

The capital market regulator, only recently (a few days ago) following the three moratorium by RBI (due to disruptions caused by COVID-19 pandemic) has relaxed the valuation norms for debt and money market instrument held by mutual funds vide a circular dated April 23, 2020, wherein it states as under:

• Based on assessment, if the valuation agencies appointed by AMFI are of the view that the delay in payment of interest/principal or extension of the maturity of a security by the issuer has arisen solely due to COVID-19 pandemic lockdown and/or in light of the moratorium permitted by Reserve Bank of India (RBI) (vide notification no. RBI/2019-20/186, dated March 27, 2020) creating temporary operational challenges in servicing debt, then valuation agencies may not consider the same as a default for the purpose of valuation of money market or debt securities held by Mutual Funds.
  
  However, in the scenario, as stated above, if there is any difference in the valuation of securities provided by two valuation agencies, the conservative valuation shall be accepted.

But then what is the point of coming up with these valuation norms as an afterthought, and not in close synchronisation when the RBI came with its notification a month ago?

The damage now is already done and companies are anyways approaching the Courts to prevent a rating downgrade.

Let's say shares of a company are pledged and to recover the proceeds -- if they cannot be sold due to a court order -- then such lending would be as good as unsecured lending.

Also, why should that not be construed as an instance of deviation from the stated fundamental attributes of a debt mutual fund scheme? After all, mutual fund investors invest in debt fund schemes taking into account a certain level of risk. Change in the risk profile of a scheme is a change in the fundamental attribute/s.

According to India Ratings, NBFCs having the asset base of Rs 500 crore to 5,000 crore, largely fall between "A" and "BBB" rating categories.

The mid-path could be a decision on payment or deferring the payment in consultation with all stakeholders, including debenture trustees. The industry will require a blanket resolution because a case-to-case resolution approach is cumbersome and may create more chaos.

Unless the RBI takes a clear stance on NBFCs and other financial institutions, mutual fund houses are likely to feel the heat of redemptions. Suppose, there's no further statement issued by the banking sector regulator; mutual funds will have to be prepared to handle large-scale defaults, which might look inevitable. After all, a majority of NBFCs' customers are retail borrowers and they enjoy a moratorium on the EMI payment for 3-months. This has been the trickiest part for NBFCs.

While COVID-19 outbreak has been the genuine reason for the potential defaults this time, asset-liability mismatches of NBFCs are well-known. Many NBFCs have gone overboard with cheap credit available during stable market conditions. Their credit underwriting has been questioned widely. The industry has also witnessed belly-up instances such as IL&FS and DHFL. Many mutual fund houses have burned their fingers badly in such defaults.

At the time of writing this piece, to ease the liquidity pressure on mutual funds, the RBI today decided to provide a special liquidity facility of Rs 50,000 crore for mutual funds. Under this facility, the RBI will conduct repo operations of 90 days tenor at the fixed repo rate. This will be on-tap and open-ended, and banks can submit their bids to avail funding on any day from Monday to Friday (excluding holidays). The scheme is available from today i.e., April 27, 2020, till May 11, 2020, or up to utilization of the allocated amount, whichever is earlier. The Reserve Bank will review the timeline and amount, depending upon market conditions.

The RBI has stated further that the liquidity support availed under the Special Liquidity Facility for Mutual Funds shall be used by banks exclusively for meeting the liquidity requirements of mutual funds by, 1) extending loans; and (2) undertaking outright purchase of and/or repos against the collateral of investment-grade corporate bonds, CPs, debentures and certificates of Deposit (CDs) held by mutual funds.

Having taken this measure, keep in mind that it does not make investing in debt mutual funds risk-free. Considering the prevailing investment environment, you should stay away from mutual fund schemes whose portfolio characteristic appears compromised. Also, avoid credit risk funds and corporate bond funds as they are likely to be more vulnerable amidst the financial crisis followed by COVID-19 pandemic.

As a thumb rule: Choose mutual fund schemes from fund houses that follow prudent judicious investment processes and stringent risk-management systems.

In these uncertain times, it would be wise sticking to liquid funds and overnight funds while considering debt funds.

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.

As with all financial matters, better be safe than sorry!

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.

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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.

Last week the mutual fund industry was jolted by the news of Franklin Templeton MF winding down six of its debt schemes. The fund houses cited high redemption pressure and lack of liquidity due to COVID-19 as the reason behind the move.

There has been a rush of redemption in the debt market due to high volatility and uncertainty caused by the outbreak of pandemic. The stress is more evident in high-risk category of securities where liquidity has dried up. Notably, the schemes that were wound up belonged to the high credit risk category.

The recent FTMF fiasco led RBI to take note of the situation and step up to build confidence in the capital market.

On April 27, 2020, RBI announced the opening of a special liquidity facility (SLF-MF) worth Rs 50,000 crore to ease liquidity pressure on mutual funds.

Under SLF-MF, RBI will conduct repo operation of 90 days tenor at the fixed repo rate. Banks can avail funds under this facility between April 27, 2020 and May 11, 2020 or up to utilization of the allocated amount, whichever is earlier. RBI will review the timeline and amount, depending upon market conditions.

Banks have to utilise the funds availed under this exclusively for meeting the liquidity requirements of MFs by:

• Extending loans, and
• Undertaking outright purchase of and/or repos against the collateral of investment grade corporate bonds, commercial papers (CPs), debentures and certificates of Deposit (CDs) held by MFs.

The liquidity support under this would be eligible to be classified as held to maturity (HTM) even if it goes beyond the 25% limit of total investment in the HTM portfolio.

Will banks come to the aid?

For banks, availing funds at a lower rate (repo rate) and using it to purchase investment grade, which generally carry higher interest, and holding them till maturity seems like a good opportunity, but they may not be as enthusiastic to come to the aid of MFs.

You may recall that few days ago, RBI came out with a similar liquidity window worth Rs 50,000 for NBFCs. Of these, 50% of funds had to be dedicated towards investment in investment grade bonds, commercial paper, and non-convertible debentures small and mid-sized NBFCs and MFIs.

NBFCs who have been dealing with liquidity crunch for quite some time now is one of the worst affected sectors with rising risk of bad loans amid the COVID-19 outbreak.

As a result, the first tranche of the operation worth Rs 25,000 crore conducted few days ago received bids for just Rs 12,850 crore.

Similarly, the stress in debt mutual fund segment is not new - some categories of debt funds have been facing redemption pressure ever since the IL&FS debacle came to light. Banks may be reluctant to lend to mutual funds with higher exposure to lower quality papers, which have been lacking in liquidity.

If banks do lend to MFs it may be limited to those with good quality papers. This will not serve the intended purpose of the facility.

Many mutual funds investing in credit-risk grade securities may have offloaded good quality papers to meet the high redemption and may be now left with only lower quality papers. Risk aversion in banks has magnified due to rising fear of bad loan pile up. Hence, banks may not be keen to accept lower quality papers as collateral.

Besides, some mutual funds may already have high borrowing rate availed to fund redemptions and further borrowing may not be a viable option for them.

Thus, if redemption pressure continues, liquidity strain will continue in schemes carrying higher exposure to lower rated securities. Hence, RBI may have to come out with alternative steps to deal with issue that would infuse liquidity directly to mutual funds rather than relying on banks.

Word of caution for investors in debt funds

RBI and AMFI have assured investors that stress in capital market is confined to the high-risk debt MF segment at this stage; the larger industry remains liquid.

In the current market volatile and uncertain environment, it would be advisable to stay away from credit risk schemes. However, do not resort to panic selling. Doing that will have an exponentially negative effect on funds, primarily those having exposure to moderate and low rated assets.

Redemption pressure may force the fund managers to sell good quality papers in the portfolio in the secondary market and pile up exposure to low rated assets because it will be difficult to liquidate at fair value.

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.

Moreover, choose a fund house that follows prudent investment process and stringent risk-management systems.

In these uncertain times, it would be wise to stick with liquid funds and overnight funds for the debt part of your portfolio as they are highly liquid and carry lower risk.

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.

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.

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

Author: Divya Grover

This article first appeared on PersonalFN here.

Join Now: PersonalFN is now on Telegram. Join FREE Today to get 'Daily Wealth Letter' and Exclusive Updates on Mutual Funds

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:
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Australian tennis star Nick Kyrgios has apparently followed through on a promise to help people going hungry in the coronavirus shutdown, with social media images showing boxes of essential items prepped for delivery.

The controversial Kyrgios, infamously outspoken and known for his fiery on-court antics, said on Monday he would personally drop food on doorsteps after COVID-19 restrictions closed down entire industries, forcing huge numbers of people out of work across Australia. People queueing for welfare payments across the country have been likened to scenes from the Great Depression. "Please don't go to sleep with an empty stomach," Kyrgios, the world number 40, posted on Instagram Monday. "Don't be afraid or embarrassed to send me a private message. I will be more than happy to share whatever I have.

"Even just for a box of noodles, a loaf of bread or milk. I will drop it off at your doorstep, no questions asked!" he said in a post that attracted almost 100,000 likes. His mother, Norlaila Kyrgios, posted on Instagram over the weekend a photo of a table laden with food -- including bread, fruit and canned goods -- with the caption "dining room or food distribution centre".

Images of Canberra-based tennis star's Instagram stories shared on News Corp websites showed boxes of essentials captioned "deliveries in progress". It comes just months after the 24-year-old led a bushfire relief campaign that raised millions of dollars. Kyrgios gave Aus$200 (US$125) for every ace he hit across his home tennis summer, which ran until the end of the Australian Open. Other players and Australian Open organisers jumped on board the fundraising drive, also contributing large sums to people affected by the deadly fires.

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Canadian tennis ace Eugenie Bouchard, 26, has agreed to go on a date with a random online fan for a charitable cause. The fan will pay her an amount which she will donate to feed hospital staff battling the Coronavirus pandemic.

After Genie put out a message on Twitter that she felt like "quarantine would be a lot more fun with a boyfriend," she received many messages from fans.

So, in an Instagram Live chat with sportscaster Allie LaForce, she decided to pick a viewer named Bob, who initially offered to pay GBP 400 (approx Rs 36,000) for the date.

LaForce however, upped the stakes further, demanding GBP 2,410 (approx R2 lakh), the expenditure to feed hospital staff on the tennis player's behalf. Bob agreed and Genie said yes. Interestingly, Genie asked Bob to get some toilet rolls along, to which, Bob agreed but offered an extra GBP 800 (approx Rs 72,000) if she spoke in a British accent.

An embarrassed Genie replied: "Why are you doing this to me, Bob? I'm going to say yes but I have no skill whatsoever in imitating accents."

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With the world coming to a standstill due to the coronavirus outbreak, sporting events across the globe have either been cancelled or suspended and Indias star tennis player Sania Mirza cannot wait to go back to the tennis court.

Taking to Twitter, she wrote: "Waiting to play tennis again like." Earlier, Sania had made her displeasure known as there has been a rise in the number of 'cooking' posts that celebrities are putting out on social media as they stay indoors to fight the coronavirus outbreak. Sania feels posting such pictures in these times is unwanted.

Waiting to play tennis again like 🎾 ⏳
📸- @avigowariker pic.twitter.com/RUZaNRjHHf

— Sania Mirza (@MirzaSania) April 14, 2020

Taking to Twitter, she wrote: "Aren't we done with posting cooking videos and food pictures yet ? Just spare a thought - there are hundreds of thousands of ppl, specially in our side of the world starving to death and struggling to find food once a day if they are lucky."

After giving birth to her child in October 2018, Sania returned to the court in January this year. She clinched the women's doubles title at Hobart International, pairing up with Nadiia Kichenok, in her comeback competition.

Sania recently shared a photo of her son with a tennis racquet in hand, looking confused. "I am pretty sure he's thinking what the fuss is all about? #IzhaanMirzaMalik". Sania said in her Twitter post.

Sania last played at the Qatar Open in February. She has helped raise Rs 1.25 crore in one week which will help close to 1 lakh people in need during the 21-day lockdown to fight the coronavirus pandemic.

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Wimbledon champion Simona Halep, 28, is pretty shocked to see a global lockdown due to the Coronavirus pandemic. "Not even in my worst nightmares could I think that the globe can stop in such a way. For me, it's a shock because I'm pretty young and haven't gone through too many tough times. This is something that belongs to a fantastic realm. They have stopped travelling, flight in order to avoid affecting our health and well-being. Maybe it's the best interdiction," Simona, 28, told Romanian TV show Garantat 100%.

The former World No. 1, who is currently in isolation at her Bucharest home, is taking "maximum care" to avoid contracting the virus, fearing it could affect her lungs.

"In the beginning, I had this fear but then analysed the situation and figured out that if you protect yourself, everything will be OK but I'm afraid for those with health issues. I fear this virus because even if we are healthy and have good immunity–we may resist it–but it [the virus] will leave us with a serious lung affection. That's why I have decided to take maximum care of myself. That's why I have decided to take maximum care of myself," added Simona.

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Bollywood actress and Miss Universe 2000 Lara Dutta turned 42 years old on April 16, 2020. Lara Dutta's birthday celebrations, however, were not stopped due to the COVID-19 lockdown. Lara Dutta's husband Mahesh Bhupathi was the one to bring in her birthday and host what was called a 'virtual birthday party' at their home in Mumbai.

Mahesh Bhupathi also took to Instagram to share a couple of photos and a video of Lara Dutta's birthday celebrations along with their daughter Samaira. The couple also had their close friends on a video conference to wish Lara Dutta on her birthday. Mahesh Bhupathi described how the part went and also had a fun caption to go with it. Virtual birthday party done .. Happy Birthday, Lara. May God continue to bless you with this amazing husband and incredible kid for another few decades atleast. Yes, we ate well today." Here's Mahesh Bhupathi's post on Instagram.

 

 

 

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Virtual Birthday Party done .. Happy Birthday @larabhupathi . May God Continue to Bless you with this amazing husband and incredible kid for another few decades at least 😍😍 . Ps .. yes we ate well today . Thanks for the amazing cake @hakunamatatapatisserie

A post shared by Mahesh Bhupathi (@mbhupathi) onApr 16, 2020 at 6:50am PDT

Lara Dutta made her Bollywood debut in 2002 with the superhit film Andaz alongside Akshay Kumar and Priyanka Chopra, who also made her debut. Both actresses won the Filmfare award for Best Female Debut.

Lara Dutta has since appeared in a list of Bollywood hits such as Masti, No Entry, Housefull, Partner, Bhagam Bhaag and Don 2. She also ventured into production with the film Chalo Dilli in 2010.

Mahesh Bhupathi and Lara Dutta got engaged in September 2010 and tied the knot in February 2011. In January 2012, Lara Dutta and Mahesh Bhupathi welcomed their daughter Samaira into the world.

Canadian tennis ace Eugenie Bouchard's tendency to pick dates online is set to become the theme of an upcoming Hollywood romantic comedy.

According to report in The Canadian Press, a script based on Eugenie's date with one of her Twitter followers, John Goehrke, who won a bet on the 2017 Super Bowl, is already being worked upon.

The couple continued to meet thereafter for more dates. However, this story has an update with Eugenie, 26, recently deciding to go on another random date with an online fan.

During an Instagram chat last week, Eugenie, agreed to go on a date with a fan named Bob, who donated GBP 3,210 (Rs 2.7 lakh) to help feed hospital staff battling the Coronavirus pandemic.

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American tennis player Sloane Stephens has started a fundraiser for students and teachers in Haiti in association with her fiance Jozy Altidore's JA Foundation. "Can you imagine climbing 200 flights of stairs every day simply to access clean water, and education, and healthcare? The children and families in Marre-a-Coiffe, Haiti do just that. I'm taking the Hike for Haiti Challenge to raise awareness and funds to help provide students and teachers in Haiti vital support.

Jozy Altidore

From April 17 to May 17, we'll be hiking 200 flights of stairs in solidarity," Sloanne, 27, says on her fundraising page. Meanwhile, Jozy remarks: "In these times of adversity and social distancing, it's so important to find ways to virtually stay connected to others in our community, and to stay healthy and active at home. The JA Foundation will be matching funds donated to my team page up to $2,500, so your contribution will have double the impact."

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Russian tennis ace Maria Sharapova has allegedly flouted the strict Coronavirus-caused lockdown rules in the US, where over 55,000 have died due to the pandemic.

According to British tabloid, The Sun, Maria, 32, recently visited some friends around Los Angeles with boyfriend Alexander Gilkes, 41, whom she has been dating since 2018.

Maria was photographed on Friday, relaxing on a balcony alongside another couple at a Manhattan beach pad.

The quartet were in clear breach of the two-metre social distancing norm that has been laid down by the authorities in LA where there have been 850 COVID-19 deaths
till date.

A few days ago, Maria had announced on Instagram that she was heading to a friend's beach house. "Last night, we took a sunset road trip along PCH, picked up lobster brioche rolls from @broadstreetoysterco drive thru and made our way to a friend's beach house," the 2004 Wimbledon champion wrote.

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Ukrainian tennis champion Elina Svitolina is keen to try new things during this Coronavirus-caused lockdown and hosting a TV show is on top of her list, according to tennisworldusa.org.

"I recently tried a completely new sphere. I have very long prepared for interviews and understand that it is not an easy job, especially for those people who are not in this area. I really liked it. Maybe in the future I want to do some TV show. It is interesting to me, and I think that now there is time to try something new," said the World No. 5 tennis ace.

Elina, 25, who is currently in lockdown with her Frennis tennis star boyfriend, Gael Monfils, 33, is also completingher online education. "I had to work hard to pull up on my French. I already know some of it, as I had learnt it before but now I'm doing an intensive mode. I am left with two tests: training on nutrition and I also want to take a course in psychology or fitness. This is what I want to do," added the 2018 WTA Finals champion.

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Tennis star Sania Mirza on Thursday became the first Indian player to be nominated for the Fed Cup Asia/Oceania Group I Heart Award. Former world number one and multiple Grand Slam winner, Sania, returned to Fed Cup competition for the first time since 2016 and guided Team India with her stunning performance, recording three doubles wins in the Asia/Oceania Group I tournament earlier this year in March. Her performance, along with another senior compatriot Ankita Raina, proved decisive in India's historic qualification to the Fed Cup Play-offs.

Reflecting on her nomination, Sania said the Fed Cup result at the Asia/Oceania tournament is one of the greatest achievements of her playing career. "Stepping on to the court for the first time in India colours was a moment of pride for me, back in 2003. It has been an eighteen-year long journey since then and I feel extremely proud and privileged to have contributed to the success of Indian tennis. The Fed Cup result at the Asia/Oceania tournament last month is one of the greatest achievements of my playing career. These are the moments an athlete plays for and I am grateful to the Fed Cup Heart Awards selection panel for this recognition" Sania said in a statement.

The Fed Cup Heart Award is an International Tennis Federation (ITF) initiative that was established in 2009 to recognize Fed Cup players. This year, six players have been nominated for the three regional Group I Fed Cup Heart Awards. In Fed Cup Heart Award's 11th edition this year, Priska Madelyn Nugroho of Indonesia is the second player nominated from the Asia/Oceania region. They are joined by Anett Kontaveit (Estonia) and Eleonora Molinaro (Luxembourg) from Europe/Africa; Fernanda Contreras Gomez of Mexico and Paraguay's Veronica Cepede Royg from the Americas, as the remaining four regional Group I nominations.

The winners of the Heart Awards will be determined by online voting by fans which will go live on 1st May and will go on until 8th May.

In 2019, Zarina Diyas from Kazakhstan emerged victorious from Asia/Oceania Group I.

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Tennis stars like Serena Williams, Maria Sharapova, Naomi Osaka, Kei Nishikori and others will participate in a virtual charity tennis tournament. IMG is the company coordinating the tournament titled "Stay at Home Slam" and it will be streamed on Sunday on Facebook Gaming and on the tennis Facebook page of IMG. Two-person teams will compete using the Mario Tennis Aces game on Nintendo Switch.

Competitors will play the video game from their homes across the country, and each will receive $25,000 donated to the charity of their choice, with the winner of the tournament receiving an additional $1 million in donation. "I am proud our IMG tennis clients came together so quickly to support a multitude of great causes," said Max Eisenbud, SVP of tennis clients at IMG as per the official website. "It is a testament to the people we work with across all our divisions that we were able to bring this to life in such a short amount of time."

"It's been incredible to see the creative ways athletes are using social media to support people during this difficult time," said Evan Shugerman, Facebook Athlete Partnerships Lead. "We're excited to be partnering with IMG to contribute to those efforts, which will bring some of the world's top athletes together on Facebook for an entertaining and impactful competition."

Legendary tennis player John McEnroe and popular YouTube personality iJustine (Justine Ezarik) will be commentating the matches.

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Ukrainian tennis star Elina Svitolina is making the most of the Coronavirus-forced lockdown by teaming up with her friends to start her food blog.

The World No. 5 recently shared a picture with her 5,96,000 Instagram followers to announce her new venture. "I am excited to share a new blog that I have started, together with my culinary friends, giving you easy healthy recipes and some new ideas for the use of 'superfoods'. Link in bio. More stuff to come. Stay tuned," she wrote.

 

 

 

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👋🏼👋🏼👋🏼 I am excited to share a new blog that I have started, together with my culinary friends, giving you easy healthy recipes and some new ideas for the use of ‘superfoods’. ⁣ Link in bio. ⁣ More stuff to come. ⁣ Stay tune. 😘

A post shared by Elina Svitolina (@elisvitolina) onApr 28, 2020 at 7:43am PDT

She recently shared recipes of coconut, strawberry, blueberry and spinach smoothies.

The link to Elina's food blog is: https://theesclub.com

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Tennis ace Sania Mirza said that one needs to be more sensitive while coaching young female sportspersons. Speaking in the All India Tennis Association and the Sport Authority of Indias digital Coachs Education webinar on Wednesday, Sania said that coaches need to be sensitive of the hormonal changes that girls go through while working with them.

"My dad always tells me that to work with a woman tennis player is a lot trickier and a lot more mental because I do think that there are a lot of issues that girls go through, especially when they are adolescent," said Sania.

"There are so many changes that are happening, internally in your body and externally as well. You are trying to be the best tennis player that you can be while there are so many hormonal changes happening as well, and it happens throughout the life of a woman.

"You can be a little bit more sensitive to their needs and the way they are because a lot of the times they are just trying to discover who they are, while they are also trying to be a tennis player. It can be a pretty tough job."

33-year-old Sania made her comeback to tennis this year after giving birth to her first child. She won the Hobart International in January before playing an integral role in helping India seal a historic playoff spot in the Fed Cup.

"Just the way I have managed everything else, I could manage both tennis and motherhood. I am lucky enough to have enough help around me as well, that is a huge plus point for me. My mom and my sister have played a huge part in giving me as much help as possible," said Sania on being asked about how she is managing the twin-role of mother and professional tennis player.

"A lot of people questioned it even when I was trying to make that comeback, how did you find time to lose so much weight. There's so much that happens with your body after you give birth. You just have to, sort of, adapt, find a way to take out two hours from your day to work-out and try to find that balance. It's also good for your own sanity as well, to find time for yourself."

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Moldovan tennis player Dmitrii Baskov has been hailed as an Indian hero after joining a campaign to feed Ahmedabad's poor, who are struggling during the COVID-19 pandemic. The Davis Cup player arrived in India in January to visit a tennis academy before the advancing pandemic prevented him from returning home. Dmitrii, 25, once a hitting partner for Wimbledon champion Simona Halep, has since been helping out by packaging food for the needy in Ahmedabad.

He is among a team packing bread, rice and other dishes at the Ace Tennis Academy, destined for the city's slums and containment zones. "My friend Pramesh Modi mentioned this [idea of feeding the poor] and I said yes, sounds great and the next day we did it and it continued day after day," said Dmitrii. "He is an Indian hero and could be a role model for a number of Indians who have not come out of their houses to even help out in one way or the other," said Mitul Parikh, who packs food alongside Dmitrii.

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Former chief of the Swiss Tennis Federation, Sven Groeneveld has revealed that tennis champ Roger Federer was advised not to pursue his now wife, Mirka Vavrinec, when he first met her at the 2000 Olympic Games in Sydney.

Mirka, who was also a professional tennis player and part of the Switzerland squad in Sydney, went on to partner Roger at the 2002 Hopman Cup.

However, in 2000, Roger's friends were initially against him getting together with her. "Roger asked everyone if he should go out with her. Everyone advised him against it. But as Federer did it, now it shows that it was the best decision of his life," Sven said on former tennis player Christopher Kas's online show, Kasi Live.

Mirka eventually retired from tennis in 2002 due to a foot injury.

Roger and Mirka got married in 2009 and have two sets of twins, daughters Myla and Charlene, nine, and sons Lenny and Leo, five.

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