After successful seminars at Gurgaon, Bengaluru, Kolkata, Pune, Nashik, and Chennai, Moneylife Foundation partnered with Indiabulls Housing Finance, for the fourth time to captivate Hyderabad with the flagship programme, “Investor, Empower Yourself”
Moneylife Foundation enthralled a packed audience at Taj Banjara in Hyderabad on 22 January 2012. After successful seminars at Gurgaon, Bengaluru, Kolkata, Pune, Nashik, and Chennai, Moneylife Foundation partnered with Indiabulls Housing Finance, for the fourth time for this event. The flagship programme, “Investor, Empower Yourself”, was addressed by Sucheta Dalal, trustee of the Foundation, and Debashis Basu, editor & publisher, Moneylife magazine. The day-long seminar focussed on the dos and don’ts for savings and investments that most people are unaware of. The programme also included topics relating to wills & nominations, mutual fund investing and real estate.
Ms Dalal began the session with an overview of scams and various kinds of questionable schemes that investors usually fall for and suffer, as a consequence. She cautioned investors to stay away from such schemes and not to be lured by deceptive e-mails or fancy advertising. She also gave advice and tips how to avoid being a victim of such things. “Always do your homework”, she said. Ms Dalal said that it is always best to check the credentials of a company or the broker, or the product on offer, before investing one’s hard-earned money. This involves verifying the registration with regulators like the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) or the Insurance Regulatory and Development Authority (IRDA). “There is no guarantee that you will not lose money, but it is safer to check from regulatory bodies”, Ms Dalal opined.
She also talked about the importance of wills and nominations and how the same ensures proper legacy in a family. The way to do this is through a comprehensive will and by completing nominations and transmission formalities for one’s movable and immovable properties. Getting a will right is crucial if disputes between heirs over legacy are to be avoided. With this in mind, she spoke about the requirements of a will and types of wills, the need for a probate, the cost of a probate, how to make changes in the will and described crucial details involving documentation of nominations.
Mr Basu described the rules for smart investment and stressed the importance of planning for the long-term and the power of compounding. “Patience is one of the important aspects of investing in the long-term”, he said. He said that mistakes happen because investors tend to become overconfident and cocky, which often leads to losses. Mr Basu also spoke about the nuances of mutual fund investing which is very common in India. He explained how systematic value averaging works and how it combats volatility. He advised investors to stick to few right financial products and mutual funds towards creating a good portfolio and to avoid fancy products. "If we look at their track record, we will see that most of these fancy schemes and products have failed to outperform the market. It is better to be wary of them," he added further.
Mr Sachin Chaudhary, director and head of Indiabulls Housing Finance, made a presentation on the housing market and critical aspects to consider when buying real estate. He pointed out that with developers under financial pressure these days, they will do anything to sell a property such as adding unnecessary freebies which are usually of no use. “Lavish complexes attract high maintenance charges. Many regret going for such properties after discovering these hidden charges,” he said. He advised the audience that if prospective buyers could band together, good discounts could be achieved. He also advised investors on how to deal with rising interest rates and suggested that one should keep the tenor of the loan the same and increase the EMI.
Towards the end, the programme concluded with an interactive panel discussion between Ms Dalal, Mr Basu and Mr Chaudhary, which they entertained questions from a lively audience.
Ahmedabad-based Consumer Education and Research Society, in its in-house comparative product testing laboratory found 15 home remedies, commonly found in the kitchen are effective on acidity
Many a time medicines refuse to provide any relief from acidity. Leave alone food, often water also becomes difficult to gulp. In such case, can home based remedies be of any help? Yes, according to a recent study. So roasted chana, a mixture of variyali, popularly known as sonp in Hindi (fennel) and sugar, variyali and a mixture of raw egg and milk could provide longer relief than antacids sold over the counter (OTC).
Ahmedabad-based Consumer Education and Research Society (CERS), in its in-house comparative product testing laboratory found 15 home remedies, commonly found in the kitchen are effective on acidity. Interestingly, these items, apart from providing nutrition are also free from any side effect.
According to the findings, roasted chana (gram), variyali (fennel), mixture of variyali and sugar, milk, mixture of raw egg and milk, vanilla ice cream, buttermilk, ripe banana, ripe papaya, dill water, cucumber, coconut water, a mixture of pudina (mint) leaves and water, isabgol and plain chilled water provide relief from acidity. Contrary to popular perception, the study found that, jaggery and soda water, often used by people during acidity, does not provide any relief.
CERS says that some of these home remedies can provide longer or equal relief than OTCs such as Eno Fruit Salt and Gelusil MPS liquid. For instance, roasted chana gives relief for more than one-and-half hours whereas OTCs provide relief for nearly an hour.
The study says, the relief periods of cucumber, dill water, ripe papaya, banana, buttermilk and vanilla ice cream were in the range of 23 to 35 minutes while isabgol, pudina leaves and coconut water provided short-term relief in the range of 5-14 minutes. It says that chilled water provided relief for two minutes only.
Milk and milk-based products are also effective for acidity. However, according to doctors, due to its calcium content, it may cause rebound acid secretion. Doctors say that since home remedies are easily available, there is no harm in using them. But it should be only for mild acidity.
However, “People suffering from regular from acidity or related disorders must be on medication like over-the- counter antacids. Severe acidity should be treated with medicines like proton pump inhibitors (PPIs) and H2 blockers”, says Dr Avinash Kumar Tank (MS, Mch), surgical gastroenterologist, Shalby Hospitals, Ahemdabad.
Commenting on the side effects of antacids, CERS says that, “Medical experts say that antacids and PPIs are safe and effective drugs; however, there can be certain side effects on their long-term use. Experimental evidence has shown that long-term use of PPIs may reduce absorption of calcium and vitamin B12. They can also reduce bone density and cause fractures and reduce the immunity of the gut due to total knockdown of acid and can encourage infections in the intestine.”
Kamalji Sahay, managing director and chief executive officer, Star Union Dai-ichi (SUD) Life