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BCCI’s Resemblance to Popular Western Movie “The Good, the Bad and the Ugly”

The 'Good' is the way the Indian cricket team is progressing as a world-class performer

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BCCI, Popular, Western
It has gun slingers, gun fights and the pot of gold, "the money chest of the BCCI". Pixabay

The Board of Control for Cricket in India (BCCI) presently has a great resemblance to the popular western movie “The Good, the Bad and the Ugly”. It has gun slingers, gun fights and the pot of gold, “the money chest of the BCCI”.

The ‘Good’ is the way the Indian cricket team is progressing as a world-class performer. There is far more consistency in all the aspects of the game and they look like a champion side which is far better than any before. Their success has led to a commercial bonanza not only for the players but for the institution they represent, the BCCI. Cricket viewership through television and the mobile has grown by leaps and bounds, thereby, generating an interest for which the numbers were a dream a decade back. Growth such as this is never an instant formula and one has to give the BCCI and many of their stalwarts kudos in creating a sports body that has become such a huge success.

The ‘Good’ is also in the realisation that the BCCI needs to change to ensure a systematic development of cricket in India and to make the game a pleasant entertainment for the millions of cricket lovers following it. The BCCI needs a radical change to carry it through successfully in the years to come. The cricket body is now a full-fledged business corporate that requires professionalism and regulations to ensure complete transparency in their operations.

The ‘Bad’ is in the way, even with the intervention of the Supreme Court of India and their judgment three years ago to implement the proposal discussed and argued based on the Justice Lodha recommendations, the action to do so is still languishing without a clear-cut conclusion. The Committee of Administrators (CoA) and the Amicus Curiae’s appointment by the highest judiciary of the land, has unfortunately not been able to get things in order.

BCCI, Popular, Western
The Board of Control for Cricket in India (BCCI) presently has a great resemblance to the popular western movie “The Good, the Bad and the Ugly”. Pixabay

One does feel sorry for, as one could say in the western movie context, the Marshals and the Sheriffs appointed to eradicate and capture the bunch of gangs that controlled cricket in India and in their state associations. To do so they needed to be far more in command as the BCCI was being run by very powerful, rich and influential individuals. To topple and get some of them in-line would require much more than words and written communication. One can now finally see a stern command in the way the head of the COA Vinod Rai has called for the BCCI election, which must have been the result of years of frustration of not being able to do so even through friendship and an amicable relationship.

A firm hand was what was required as most of the people controlling cricket administration at every level, have only one distinct aim and that is one of “Kissa Kursi Ka”. The chair/throne is what gives and gave them status, fame, importance and the famous quote by Lord Acton suits them perfectly, “Power tends to corrupt and absolute power corrupts absolutely”.

The Bad need to be eradicated by the Good and prevent it from the ‘Ugly’ which is at present synonymous with how the BCCI is perceived. Each and every day, there seems to be some negative and controversial news of individuals and state associations opposing the COA and BCCI, with statements and court cases. The sharp shooters in this case are the legal luminaries who are raking in a fortune to keep the gang war sufficiently ignited. The BCCI is losing crores of money battling legal cases, money that could be spent for the betterment of the game of cricket.

The quicker the BCCI apex body is put into effect, the better it will be for cricket and the development of it at every centre. Presently, at most associations, ad-hoc appointments and committees are being formed by the king makers of yore.

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The BCCI elections to be held on the October 22, will most likely not have some of the important big cricket centres of India partaking in it. The reason being that is they are still to complete registering their constitutions and some are also abstaining from doing so.

The CoA has made it amply clear that those state associations will not be invited to either participate or be funded by the BCCI in the future. Most of the state association leaders and gang members have been rooted firmly on their chairs or through some form of a committee for well over the 9+9 stipulated period. This makes them ineligible for a position either in the BCCI or in their respective associations. They have, however, still got clout to put their proxies in place. The gun fight will, therefore, be between the Good and the Bad. One hopes it does not turn out to be Ugly! (IANS)

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6 Facts About Mutual Funds You Must Know!

If these benefits are tempting enough, there are a number of facts that you must know before you start investing in mutual funds

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Mutual Funds, Popular, Investors
With almost the entire financial industry having gone digital, investors can also invest in mutual funds online. Pixabay

It isn’t surprising that mutual funds remain amongst the most popular choice for investors in the market. With professionally managed portfolios that offer the freedom from constantly watching the market at all times, mutual funds certainly make investing easier. They are also considered a safer choice, with the risk significantly lower when compared to other investment options, without having to compromise too much on the returns. With the Mutual Funds Sahi Hai campaign increasing awareness about the product, it is attracting new investors every day. This include both young tech savvy investors keen to inculcate the habit of savings in their lives and experienced investors moving away from traditional products.

Since a variety of diverse portfolios are offered by different fund houses, investors can easily choose whether they want to invest in long-term or short-term, and in equity or debt. This gives investors with all sorts of investment objectives an opportunity to invest in mutual funds. With almost the entire financial industry having gone digital, investors can also invest in mutual funds online

If these benefits are tempting enough, there are a number of facts that you must know before you start investing in mutual funds. Let’s discuss 6 of the most critical ones: 

#1 – Different Types of Mutual Funds

Mutual Funds, Popular, Investors
Since a variety of diverse portfolios are offered by different fund houses, investors can easily choose whether they want to invest in long-term or short-term, and in equity. Pixabay

Fund houses have been launching new mutual fund investment schemes on a regular basis. But do investors know how these differ? There are a few common types of mutual funds: 

 

  • Equity Mutual Funds: Equity mutual funds invest primarily in equity securities or stocks. These come with higher risk since they are directly affected by the stock market and its volatility. At the same time, they also provide good returns to investors. Further, in equity, you can have growth funds (that do not usually provide regular dividends) and income funds (which pay large dividends). 
  • Debt Mutual Funds: These are those funds that invest in fixed-income securities. These are considered safer than equity mutual funds. Income is earned usually through the interest that is paid on these securities. 
  • Balanced Mutual Funds: Balanced mutual funds invest in a mix of equity and debt mutual funds. They give the returns of equity, but the safety net of investment in debt. 

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  • Speciality funds: These funds invest in specialized commodities such as real estate or any other industry. Their returns depend upon the performance of that particular industry. Some examples of these kind of funds are Banking, Pharma, Technology, Metals and FMCG funds.

 

#2 – Expenses incurred in investing

There are various ratios that you should consider while investing in mutual funds, as these are the expenses that will be deducted from your profits. The most important numbers to look at are: 

 

  • Expense Ratio: The expense ratio involves annual charges incurred on fund management. These are charged by the AMC (Asset Management Company) that manages your fund for analysis, administration, research etc. The lower the expense ratio of the firm, the better. 
Mutual Funds, Popular, Investors
This gives investors with all sorts of investment objectives an opportunity to invest in mutual funds. Pixabay
  • Entry Load: This is a percentage of the fees that is charged for purchasing a certain mutual fund. Thus, an investor would purchase a mutual fund at Net Asset Value, plus the entry load applicable From August 2009, however, SEBI has done away with this practice of charging entry load for mutual funds.
  • Exit Load: More often than while purchasing, but mutual funds can also charge if you exit the fund before the stipulated amount of time. 

 

#3 – Types of Investment Plans

To invest in a mutual fund, you can proceed via two primary methods. You can either invest in a lump sum or go for a SIP (Systematic Investment Plan). In a lumpsum option, an investor invests their capital in one go. This works for mutual funds that are debt-oriented. Most investors won’t have the capital required to make significant returns from a lumpsum investment. For them the following method makes more sense.
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In a Systematic Investment Plan or SIP, an investor invests a fixed sum of money in different instalments at a regular time period (usually once a month on a particular date). These are considered safer, as the investments are staggered over the whole year, and investors can take advantage of market volatility and snap up units at lower costs. 

#4 – Time Period of Investments

Mutual funds are generally considered long-term investments. However, that’s not entirely true. Mutual funds are available for short-term as well as long-term plans. Some of the short term mutual funds even range from a maturity period of a few days to a few months. While equity funds perform better in the long term, debt funds are suitable for the short term. 

Since every mutual fund has a different objective and the maturity period differs with it, it is important to research about it and choose the one that aligns with your investment objective. 

#5 – Taxation policies

Like all the other investment options, returns from mutual funds are also taxable. These differ on the basis of equity or debt orientation. 

  • Equity Funds: Equity funds are subject to capital gains tax. A short-term capital gains tax of 15% is applicable if an investor withdraws within a year. However, the long-term capital gain tax charged on investments for longer than one year, is fixed at 10%.
  • Debt Funds: A short-term capital gains tax is charged if funds are sold in less than three years, while long-term capital gains tax is charged if they are sold post three years. 

Mutual fund incomes are exempted from Wealth Tax. 

#6 – Actively and Passively Managed Funds

Mutual Funds can also be classified on the basis of their management, whether they are actively managed or passively managed. 

Actively managed funds generally deliver superior returns as they try to beat the benchmarks of Sensex and Nifty. They aim to keep investors aligned for the long haul and try to generate higher returns.

Passively managed funds have the objective of replicating the index benchmarks and do not try to beat the market.

The costs associated with passively managed funds are therefore lesser.

With the popularity of mutual funds as a safe investment option, it is important to research and analyze all the facts before making a decision to invest in mutual funds online.