GujaratVyapar January 2023

Ruturajsinh Zala

in taking right decisions,

Ratan Tata

“I don’t believe

I take decisions and then make them right.”

The 7 biggest Business Challenges Every Company Is Facing In 2023

Here are the seven greatest challenges every company should be ready for in 2023:

1. Inflation and Economic Downturn

The headlines are already filled with talk of skyrocketing inflation, and that trend will likely continue in 2023. Many economies will stagnate or shrink, and businesses need to prepare for that reality.The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, reported that the organization had downgraded its forecast for 2.9 percent global growth in 2023. The IMF cited rising risks of financial instability and recession.

Companies can face inflation by establishing end-to-end, actionable visibility of spending by business process, function, cost category, and business unit, as well as reducing spending.

2. Supply Chain Security

Supply chain security is another key issue. Challenges began with COVID-related backlogs and have been made worse by Russia's invasion of Ukraine and labor shortages due to the Great Resignation. This has made parts and products harder to obtain, as well as pushed prices up (e.g., energy, grains, computer chips, oil, and so on).According to a report by Accenture, supply chain issues could result in a potential €920 billion cumulative loss to the gross domestic product (GDP) across the Eurozone by 2023.

Companies should resist the urge to overorder to compensate for backlogs, which could worsen the situation. Instead, focus on long-term recovery and restructure your needs to prevent similar shortages in the future.

3. Increasing Customer Expectations

Customers are demanding more immersive customer experiences in the real world as well as in the metaverse.Customers entering brick-and-mortar stores aren’t just looking to buy products — they want memorable in-store experiences. If your company has physical shops, consider adding more immersive experiences.

Online retailers should consider adding extended reality (XR) experiences like virtual dressing rooms that allow customers to “try on” clothing, accessories, and makeup without leaving their homes.

No matter how you engage with consumers (online, offline, or a mix of both), ask yourself, “How can we add even more value for our customers by turning this interaction into an experience?”

4. Accelerated Digital Transformation

Artificial intelligence (AI) is already starting to augment all of our businesses, and that trend will continue to accelerate next year. At the same time, other technologies like 5G, blockchain, the cloud, and the Internet of Things (IoT) are building and speeding up AI, and all of them are enhancing each other.

This is rapidly creating a world of ever-faster technological developments. In response, every business must think of itself as a tech business. Companies need to re-design their processes and ensure their people have the skills needed for a world where we increasingly collaborate with and work alongside capable and intelligent machines.

5. The War for Talent Will Intensify

Speaking of workers — companies in 2023 must be ready to cope with a continued talent shock. We’ve been hearing about the “War for Talent” for years, but now it feels like the war is deepening.

Companies across industries are facing massive gaps for vital future skills, and they will need to re-skill or upskill massive sections of their workforce to get ready for the 4th industrial revolution. Companies can and should take on the onus of training talent by taking steps like hiring people straight out of school, employing low-code or no-code software for critical needs, and instilling cultures of continuous learning.

On top of that, the pandemic has made many people reevaluate their jobs, leading to mass resignations in many sectors.

To attract top talent, employers must offer a working environment that is appropriate for the new world of work, including job flexibility, authentic leadership, diversity, etc.

6. Data and Device Security

Cyberattacks are on the rise, and ransomware and phishing scams are now a common occurrence. As businesses become more digital, they accumulate more data, which becomes highly attractive to cybercriminals that intend to steal it and hold organizations hostage to monetary demands.

AS A FUTURIST SPECIALIZING IN THE INTERSECTION OF BUSINESS AND TECHNOLOGY, IT’S MY JOB TO LOOK AHEAD AND ADVISE COMPANIES ON HOW THEY CAN PREPARE FOR A RAPIDLY CHANGING WORLD.

Mobile and IoT devices are not immune to cybersecurity threats. Additionally, quantum computing is now emerging, which could render existing security systems obsolete.

Companies can take steps to protect themselves by taking proactive measures like evaluating their data backup and recovery processes, conducting penetration testing and vulnerability scanning, and taking proactive steps to protect sensitive data and prevent cyberattacks.

7. Sustainability

Climate change is the world’s largest business challenge, and consumers are demanding transparency in sustainability practices as well as more eco-friendly products and services. Companies can respond by viewing the whole picture of their business practices and auditing their full supply chains. They should also consider switching to renewable energy, moving to more sustainable packaging, and allowing people to work remotely when appropriate (which can help lower emissions). Becoming demonstrably more sustainable can not only satisfy consumers’ needs but also help you spot efficiencies and savings that can have a positive effect on your bottom line.

About Bernard Marr

Bernard Marr is a world-renowned futurist, influencer and thought leader in the field of business and technology. He is the author of 21 best-selling books (and winner of the 2022 Business Book of the Year award), writes a regular column for Forbes and advises and coaches many of the world’s best-known organisations. He has over 2 million social media followers, over 1.2 million newsletter subscribers and was ranked by LinkedIn as one of the top 5 business influencers in the world and the No 1 influencer in the UK.

India’sChinaimportconundrum

The latest scuffle at the line of actual control between India and China has yet against broughtthespotlightonNewDelhi'swidetrade deficitwithitslargerneighbour.ChinaisIndia’s second biggest trading partner after the U.S. China was, in fact, our largest trading partner in fiscal years 2013-14 to 2017-18 and again in 2020-21, data from the commerce ministry shows This,initself,isnothingtobealarmedabout Afterall,Chinaisthekeysupplierofaraftofgoodstothe restoftheworldandIndiaisnoexceptionStill,thepandemicandIndia’stusslewithChinaintheLadakh region in 2020 led to calls for decreasing reliance on shipments from that country India has been pushing a host of production-linked schemes, offering incentives on annual incremental sales to boost local manufacturing in sectors ranging from automobiles, white goods, pharmaceuticals to solar photovoltaicmodules

The programme is part of the government’s broader goal to help reduce imports and boost exports of manufacturedproducts,anattempttosecureafootholdintheglobalsupplychainthatisundergoinga shift from China following the Covid-19 pandemic India is also aiming to reduce logistics costs and ensureabetterclimateforforeigninvestorstocomeinasetupshopThesemeasuresshouldhelpIndia benefitfromthemoveawayfromChinaandreduceimportdependencyoveraperiodoftime

India’s growing economy will need to continue to rely on imports of key inputs in the foreseeable future but PLI schemes and move towards self-reliance should help ease the burden

The national flags of China and India. (Photographer: Dhiraj Singh/Bloomberg)

Most of the goods imported from China are capital goods, intermediate goods and raw materials and are used for meeting the demand of fast- expanding sectors like electronics, telecom and power in India, according to commerce andtradeministerPiyushGoyal

“The rise in import of electronic components, computer hardware and peripherals, telephone components, etc. can be attributed to transforming of India into a digitally empowered society and a knowledge economy. India’s dependence on imports in these categories is largely due to the gap between domestic supply and demand,” Goyal said in a parliamentary response earlier this monthMeanwhile, raw materials like Active Pharmaceutical Ingredients and drugformulationsfromChinaareusedfor making finished products like generic medicines,whichareexportedfromIndia. Similar is the case with electronic components such as mobile phone parts, integrated circuits, video recording or reproducing apparatus, which are used for making mobile handsets and other items, according to the governmentThe PLI schemes have started delivering results and will reduce dependency on imports and make India a competitive destination for drugs/electronics manufacturingandcreatemoredomestic champions apart from giving boost to a self-reliant economy, the government said.

To be sure, the rest of the world is also looking at reliable trade partners as countries seek to reduce reliance on Chinesegoods. Still,thesearemovesthatwillplayoutoverthemediumterm.Rightnow,Indiacontinuestoimportaslew of goods from China, including raw chemicals, intermediates, machinery, and consumer and electronic items

InApril-Octoberofthisfiscalyear,Indiaimported$60billionworthofgoodsfromChinaagainst$94billion lastfiscalyear ThetradedeficitwithChinastandsatover$50billionthisfiscalyearagainst$73billionin thelastfiscal. Here’salookatthetopimportsfromChinaintheyearendingSeptember2022,andtheonyeargrowthin theseshipments:

ro Wth .in

How Investment Can Change Lives

What is Investment?

Investment refers to the act of putting in money towards a wealth building plan with an intention of growing its value over time.

How is it different from savings?

Investment is often confused with savings. The new age social media based financial education has led to this. Many people have mixed investment with the concept of savings, and truth be told, these two financial terms are entirely different from one another. Savings refers to that part of our money that we keep aside for any emergency, accidental or purposeful future spendings. Whereas investment refers to the money we put into financial plans to grow our wealth reserves. These investments can be of various kinds. There are multiple financial investment options available in our country.

How can I start my financial investment journey

To begin with building your investment portfolio, here are some types of investment that you can consider:

1.Mutual Funds Investment

Mutual Funds is a type of investment that sources money from a variety of investors, who have a common financial goal and it all goes into a mutual pool of funds Here on, it is managed by the fund manager, who makes the decisions around where the funds from the pool are meant to be further invested in order to get the returns

2. Direct Equity Investment

Direct Equity refers to the investments that are concerned with the stock market. Here, investors buy and sell company stocks and shares to make profits.

3. Gold Investment

Gold has remained one of India's most preferred modes of investment for a long time.It is perhaps the only investment that has retained its value throughout history and has never faded away. Investing in gold can provide you protection against inflation and can be a good portfolio diversifier.

These financial investments are easy to navigate through and understand. But if this is going to be your first time investing, then to begin your financial investment journey, you can choose to go through an online investment platform or get in touch with a professional financial planner or agent. We can help with this too! My Fund SIP is an online investment platform offering many options of investment like mutual fund investments, NFO’s and gold investments. Our team includes expert financial planners who will give you the right advice to help you progress on your financial investment journey.

Assessment

1981-1982 1982-1983 1983-1984 1984-1985 1985-1986 1986-1987 1987-1988 1988-1989 1989-1990 1990-1991 1991-1992 1992-1993 1993-1994 1994-1995 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023

Valuation

2715 2680 3105 3570 3955 4015 4794 6066 6755 6463 6646 8040 5489 7142 6335 7346 7345 8560 7615 7675 7200 7895 7695 11600 10500 16800 19500 23350 22165 27255 56900 56290 54030 43070 37825 36990 42000 38322 37245 39200 62862 66990

WISE WEALTH

BOOK NAME

WISEWEALTH

Why do so many indians perceive the wealthy with negative emotions such as envy,hatred,and disgust?

The problem started centuries ago. among the many great empires and emperors that ruled this land ,few are remembered for their economic egalitarianism. in india,it was all about self-centered wealth accreation. Thing have not improved much. we still see poverty and inequality everywhere.

while as indian we often take pride in being the 5th largest economy, we forget the fact that indian is at 144th position out of 194 economies in terms of nominal per capital GDP. the lower half of the population lives below acceptable human standards

This book is about the new age super wealthy indians who are redefining the meaning of net worth making substantial effort to create a just and equitable society

Wisely wealthy people create wealth ethically, distribute it equitably,spend it prudently,invest it holistically and give it away with vision who are these individuals? What are their attitudes towards wealth and success and how they get there? You will get to know about some of the wisely wealthy personalities in this book and their perspective about creating wealth and making a greater impact

'

You become billionaire today, three days later you want to grow your billion,'says bhansali ‘ Unless you are a truetee of wealth,it will never make you happy. You will always worry...your whole entity is looking to consume comfort. Without being aware of where the wealth is coming from, what it leads to...and because you think you will be more comfortable if you had more money , you would want more money. And then you discover it is not enough and one never comes out of this whole trap’

’when you start out your career, you ' re always thinking if I make this much money , I'll be sorted, says Vidya Shah ‘but we have found with a lot of people, including ourselves, that the number becomes a moving goalpost

If everybody had a decent standard of living ,I think it would be possible to live with inequality. The problem occurs when the lower half of the curve lives below acceptable human standards. The rise of philanthropic giving and impact investing over the last two decades shows that capitalists are responsible to multidimensional utility'

’One of the nice things about wealth is that it allows you to pursue passions that were unreachable at one point

RAJMOHAN KRISHNAN MONEYWISE WEALTH JULY 25, 2022

B y G K i s h a n R e d d y S o u r c e : - H i n d u s t a n t i m e s

The blueprint india has set itself for the

next 25 years can be the basis of a shared global future with joint prosperity. India's presidency will strive for equitable growth

in a holistic manner

India assumed the G20 presidency on December 1,and since then the world has witnessed the essence of Indian hospitality with a vision of a shared future, India looks to the G20 presidency as an opportunity. Today,the world is facing unprecedented challenges thanks to the after-effects of covid-19, global energy has been focused on pro-tecting lives during the pandemic and preserving livelihoods affected by it. India's presidency allows the world to focus on the 4Ds: De-escalating con-flicts more digitalization to enable fast-paced, equitable and inclusive develop-ment and striving for an equitable framework of Decarbonisation to fight the climate crisis.

Prime Minister (PM) Narendra Modi's statement- today's era is not an era of warduring his meeting with Russian president Vladimir Putin on the sidelines of the Shanghai Coop-eration Organization summit in September resonated across the globe.The statement also formed the basic of the joint declaration of the G20 on the Russia-Ukraine Conflict.

The G20 provides an opportunity to continue to espouse the De-escalation of global conflict multi-alignment and the promotion of rules based multilateralism have been the essence of India's foreign and economic policy India is a part of several Multilateral forums, and each of them has played a constructive role in making the world safer and more secure It has also been able to voice the concerns of developing nations and ensure that their interests are protected With the G20 presidency, India can act as a bridge between the large and powerful nations where it belongs, and the smaller, developing nations that trust it

Between 2005 and 2021, India pulled out 415 million people from multi dimensional poverty. Over the last eight years, we have seen an acceleration in poverty alleviation through technology and digitalization. In 2014, India embarked on a government led drive where close to 500 million bank accounts were opened for the poor and underprivileged, including 260 million women. With India's Digital Identity system- Aadhar, and a Unified payment interface (UPI) interventions and welfare transfer have been targeted at an individual level.

As India assumes the G20 presidency, the goals that it has set itself for the next 25 years as a part of Amrit Kaal can form the basis of a shared global future with joint prosperity. India will have an action-oriented and development oriented presidency striving for a rules based global order promoting international peace and advocating for just and equitable growth in a sustainable, holistic and inclusive manner. This is very much in the art of the possible.

By G Kishan Reddy Source:- Hindustan times

BY SHARE KHAN

Buy Affle (india) Target Rs710

Share Khan is bullish on Affle india has recommended buy rating on the stock with a target price of Rs 1400 in its research report dated December 29

Buy Larsen&Toubro target Rs 2,390

Strong performance in H1FY23 Multiple margin tallwinds in the medium to long term. Debt reduction and monetisation of non-core assets are key upside risk

Buy Dixon technologies target Rs 4960

Share Khan is bullish on Dixon technologies has recommended buy rating on the stock with a target price of Rs 4960 in its research report dated December 22

Buy Bharti Airtel target Rs 1010

We reiterate Buy on Bharti Airtel with an unchanged PT of Rs 1,010 The stock is our preferred pick in the telecom space on account of its industry leading ARPU, growing subscriber base coupled with increased data monetisation, and expected tariff hikes in the telecom sector The stock trades at 10/8 7x its FY2023/FY2024E EV/EBIDTA

Buy State Bank of India Target Rs710

Share Khan is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 710 in its research report dated December 02

BY MOTILAL OSWAL

Buy Can fin Homes Target Rs630

Motilal Oswal is bullish on Can Fin Homes recommended buy rating on the stock with a target price of Rs 630 in its research report dated December 23, 2022

Buy NMDC Target Rs630

Motilal Oswal is bullish on NMDC recommended buy rating on the stock with a target price of Rs 138 in its research report dated December 23, 2022

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on Gujarat Vyapar E-magazine are their own, and not that of the website or its management Gujarat Vyapar advises users to check with certified experts before taking any investment decisions

MUTUAL FUNDS NEWS

Mutual funds are muted 2022; expect better days in new year

After a spectacular 2021, the mutual fund industry failed to continue the momentum this year with the growth in asset base, investors count and flows subsiding in 2022 on volatile market conditions, but the New Year is expected to be relatively better The industry grew at a slower pace in 2022, mainly due to global headwinds, including the Russia-Ukraine war, supply chain bottlenecksb and a decadal high global inflation coupled with rising interest rates The 2021 growth was mainly braced by a rally in the stock markets The assets under management (AUM) of the mutual fund industry rose by 7 per cent or Rs 2 65 lakh crore in 2022 This was way lower than a surge of nearly 22 per cent or an increase of close to Rs 7 lakh crore in the asset base seen in 2021, data from the Association of Mutual Fund Industry (Amfi) showed As per the data, the AUM of the mutual fund industry rose to an all-time high of Rs 40 37 lakh crore in 2022 (till November-end) from Rs 37 72 lakh crore at the end of December 2021 It stood at Rs 31 lakh crore in December 2020 The year 2022 also marked the 10th consecutive yearly rise in the industry AUM after a drop in two preceding years This year's growth in the industry was supported by inflows in equity schemes The biggest adopters of mutual funds in 2022 have been young millennials and early Gen-Zs Despite the volatility in the markets, the young generations are choosing to invest in mutual funds for returns to beat the inflation rates, said Manish Maryada, Co-founder and CEO of investment platform Fello The investor count is estimated to have expanded by 1 95 crore during the year In 2021, a total of 2 6 crore folios were added The 43-member mutual fund industry saw net inflows of Rs 66,952 crore in 2022 (till November) as compared to Rs 1 88 lakh crore last year This year's flows included a net withdrawal of over Rs 2 lakh crore from the debtoriented schemes, while an investment of Rs 1 57 lakh crore into equity schemes Equity schemes, the most attractive factor for investors in the mutual fund space in 2022, have got Rs 1 57 lakh crore, as against Rs 96,700 crore in 2021 These schemes have been witnessing incessant net inflow since March 2021, but the pace of flow slowed in November 2022, when their net inflows falling sharply by 76 per cent to Rs 2,258 crore Before March 2021, the equity schemes had witnessed outflows for eight straight months on account of the Covid pandemic.

Motilal Oswal MF to reopen global funds for SIPs, lump sum investments without restrictions

Motilal Oswal Asset Management Company has announced that it will withdraw the temporary suspension of subscriptions in five of its international funds with effect from January 1, 2023 The five funds are S&P 500 Index Fund, Nasdaq 100 ETF, Nasdaq 100 Fund of Fund, MSCI EAFE Top 100 Select Index Fund and Nasdaq Q 50 ETF The asset management company (AMC) will now be accepting fresh subscriptions in these schemes via lump sum and systematic investment options such as systematic investment plan (SIPs) and systematic transfer plans (STPs), without any restrictions.“Your previously paused systematic investment options, if any, will also be resumed and processed as per their registration; hence we request you to keep your respective accounts funded appropriately,” the fund house said in a letter to investors.Motilal Oswal Mutual Fund also highlighted that in the event of complete exhaustion of the available headroom that is being utilised at present to resume overseas investments, all the subscriptions might be paused again.Moreover, there are no restrictions on the redemption of units.Earlier this year in February, the Securities and Exchange Board of India (SEBI) had advised mutual funds investing in overseas securities to stop further investments in foreign stocks to avoid breach of industry-wide overseas limits.The regulator has specified an overall industry-level limit of $7 billion for mutual funds to invest in overseas securities and funds and a separate limit of $1 billion for investing in overseas exchange-traded funds (ETFs).Further, the Association of Mutual Funds in India (AMFI) in June notified that mutual fund schemes may resume subscriptions and make investments in overseas funds /securities up to the headroom available without breaching the overseas investment limits as on February 1, 2022 Motilal Oswal MF in November had allowed lump sum investments with a cap on three international schemes - S&P 500 Index Fund, Nasdaq 100 Fund of Fund and MSCI EAFE Top 100 Select Index Fund

Source:-Moneycontrol &PTI

NEWS ON MONEY CONTROL

FUNDING

COLLEGEDEKHO

GET$9MILLION FROMWINTER CAPITAL

Collegedekho has said it raised $9 million (about Rs 74 55 crore) from its existing investor Winter Capital Partners

The startup is a college admission and higher education services platform Founded by Ruchir Arora, Saurabh Jain, and Rohit Saha, Collegedekho was launched as a student guidance platform in 2015 It connects prospective students with colleges using its proprietary technology and an AI-based chatbot, and has since then has counselled more than 70 lakh students and around 1,500 colleges with their student recruitments Arora, co-founder and chief executive of Collegedekho, said the company had raised $35 million in series B round last November, according to a statement

This round was led by Winter Capital, ETS Strategic Capital which is the private equity investment arm of ETS (creator of the TOEFL tests and GRE general test), Calega, Man Capital, Disrupt ADQ and QIC.

START-UP

RAISE$10MILLIONFROM SIXTHSENSEVENTURES

The start-up plans to expand to Vietnam, Australia and dubai in the coming months The funds would be deployed towards international expansion, strengthening vendor partnership and upgrading technological and warehousing capabilities

Founded in 2015 by Anish popli

OLASELLS1.5LAKHEVSCOOTERIN 2022

"We will be India's first and largest lithium cell manufacturers. We had been building the technology for the last two years... we have already built our own tech without any dependence on other countries or players," Aggarwal said.

The EV maker is also considering expansion in the export markets.

“Our world-class products in the ₹ 1,00,000 – ₹ 50,00,000 price point, strong core technology, and localized low-cost supply chain give us a very significant global advantage to export from India and become the leader in EV mobility in all relevant markets like South East Asia, Latin America, Europe, Africa , ” Aggarwal wrote in the Blog

The best & worst performed large cap and mid cap mutual funds of 2022

The market offers over 25 large cap funds and over 30 large cap funds, however, deciding which fund to invest in depends on a variety of factors.

In order to make a better investment choice at the start of the new year in 2023, longterm equity investors who wish to begin their investments in 2023 might look into the 2022 performance of well-known equity funds, such as large cap and mid cap funds. The market offers over 25 large cap funds and over 30 large cap funds, however, deciding which fund to invest in depends on a variety of factors. A mutual fund's past performance has no influence on its future performance, but looking at the previous performance may give you an insight into high-quality underlying securities that can survive market dynamics in a fund that has been consistently performing well and offering respectable returns in both bull and bear phase of the market. Based on an interview with CA Manish P Hingar, Founder at Fintoo, the spokesperson discussed with Livemint's Vipul Das and highlighted the best and worst performed large cap and mid cap funds of the year 2022 going to end today.

Best and Worst Performed Large cap funds of 2022

It is important to note that the best mutual funds for one investor may not necessarily be the best for another, as different investors have different financial goals and risk tolerances. With that in mind, some large-cap mutual funds in India that have performed best in 2022 are Nippon India Large Cap Fund and HDFC Top 100 Fund. Both these funds manage AUM of ₹12,922 Crore and ₹23,453 Crore respectively and have generated returns of 13.14% and 11.69% respectively beating the category average of 4.75%. Both these funds invest primarily in large-cap stocks and have a history of outperforming their benchmark index.Axis Bluechip Fund and Invesco India Large cap fund did not have a great inning this current year as both these have delivered negative returns of -3.95% and -0.65% respectively, while in the same period the large-cap category average return is 4.75% and the return of large-cap benchmark index which is S&P BSE 100 TRI is 6.83%.

Best and Worst Performed Midcap funds of 2022

Quant Midcap Fund and HDFC Midcap Opportunities Fund fund invests in a diversified portfolio of quality mid-cap stocks and has a strong track record of outperforming their benchmark index. These two schemes have a stellar track record of consistent performance over the long term and in the current year, Quant Midcap Fund and HDFC Midcap Opportunities Fund have delivered a return of 18.97% and 13.88% respectively, hence generating alpha in comparison to their category average return of mere 4.41%.

On the other hand, ABSL Midcap Fund and DSP Midcap Fund have been laggards as they have badly underperformed in the current year. Both these funds have given returns of -3.68% and -3.19% respectively in the current year as compared to their benchmark index and category average of 4.35% and 4.41% respectively. Adding to it, the Sharpe ratio which is the indicator of better risk-adjusted return is 0.76% for ABSL Midcap Fund and 0.68% for DSP Midcap Fund which is lesser than that of the category average of 0.91%.

Conclusion

In addition, it is important to note that current and past performance is not necessarily indicative of future results and that the value of mutual fund investments may fluctuate. Therefore, it is important to carefully consider a mutual fund's investment strategy, fees, and risks before making an investment decision. It is important to do your own research and carefully consider your own financial goals and risk tolerance before investing in any mutual fund. You should also consult with a financial advisor or professional before making any investment decisions, said CA Manish P Hingar.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

Source:- Livemint

Where are the women in India's startup ecosystem?

India's startup ecosystem is the toast of the world As the world's third-largest startup ecosystem behind the United States and China, India is home to an estimated 57,000 startups, and raised over $134 billion since 2014 (the year India's startup ecosystem boomed following the launch of the Make In India scheme, among others) to command a combined valuation of over $450 billion India's latest tally of unicorns stands at 107 Response

The Case of The Missing Women

When we take a closer look and gender-disaggregate the numbers mentioned above, a not-so-flattering picture emerges. Only about 8 percent of the $134 billion funding has gone towards women-founded or co-founded startups. On slicing further, this drops to an abysmally low 1.5-2 percent for startups led by allwomen founding teams. Among the unicorns, about 15 percent have women (co)founders and even within this rarefied group, only a handful of these founders are CEOs.Everyone agrees that gender diversity is a good thing. However, women founders' participation in the startup ecosystem is plagued by a double whammy: not only are there few women-led startups at the top of the funnel, but there is also prodigious leakage across this funnel resulting in markedly fewer scaled-up startups led by women. How do we then populate the top of the funnel as well as plug the leakage?The biggest intervention we can make is to intentionally facilitate the creation of more women role-models in the startup ecosystem. You don't become what you don't see.

Expanding The Top of The Funnel

The top of the funnel is marked by enterprises at their earliest and riskiest stages We can create mechanisms for capacity building, access to networks, and catalytic capital for women founders Further, women founders receive less capital They are often more realistic and grounded when it comes to making financial projections for their business, which can come across as a lack of ambition to investors I am not saying that we should stop being who we are as women but create strategies for women to reshape their approach without diluting their innate styles?

We are seeing some movement in this direction In addition to several incubator-led programmes, we are also seeing the initiation of a few investor-led platforms and interventions focused on supporting women-founded startups at their earliest stages with capital and mentorship India's apex public policy think tank Niti Aayog has also revamped its Women Entrepreneurship Portal (WEP) to assist 250,000 women entrepreneurs

Plugging The Leakage

While it is true that every investor is looking for the best business, often decisions are influenced by subconscious biases that are stacked against women founders. According to WinPE and BCG, only about 12 percent of decision-makers at VC/PE firms in India are women; 65 percent of firms do not have a single female partner. This could lead to half-informed and skewed decision-making. While firms may have the intent to fund more women founders, it becomes difficult to break out of these biases.

It is also worthwhile to examine the micro dynamics within teams. Research shows that minority groups need a critical mass before having an equal and independent voice. While diversity is a measurable metric, inclusion is a mindful process that leaders must imbibe to draw the most value of having genderbalanced teams. A promising development is a few women investors launching women-focused funds, but these predominantly invest in early stages, while startups need funding across multiple rounds to grow. Rather than looking at women to invest in women, can we promote more inclusive investing where female and male champions join forces and support women entrepreneurs?One way to do this is for the industry to institute guidelines for both: capital allocation to women-led startups, and representation of women in their operating and investing teams. Agreed-upon guidelines will create buy-in from the community to drive systemic change and make more capital available to women founders without ‘othering' them. What Gets Measured, Gets Improved

We need to collectively agree on key vectors from funding share and proactive analysis of the performance of women-led startups to the number of women in fund houses. Institutionalising benchmarks, reporting, reviewing performance based on hard databacked evidence

We are at the end of 2022. How can creating a level playing field for women founders still be a hard problem? There are no magic wand solutions. But perhaps, there is a magic pen on the investor's desk!

Priyanka Chopra is COO and Managing Partner - Seed Investing, CIIE.CO. Views are personal, and do not represent the stand of this publication.

THOUGHTS BY CEO'S

No better time to do a Startup than now: Google CEO Pichai

Google CEO Sundar Pichai, While Speaking At Google for india 2022 Event, Said that "There's no better time to do a Startup than the current moment" "Companies Like Google Were Created In moments of Downturn" He said

Finance basics should be taught in schools: Zerodha CEO

Zerodha CEO Nithin Kamath Said Finance basics like why start investing early Inflation, Insurance and Retirement planning Should be taught in school "These Lessons Will Be Helpful Throughout Life" He Tweeted

India Needs Corporation Mandate On R&D: Zoho CEO Sridhar Vembu

ZOHO CEO SRIDHAR VEMBU has said India Needs A Corporate Mandate On R&D Similar to CSR to promote A Technology innovation Culture " A Corporate Mandate To Spend 1 Or 2% On R&D is needed It's High potential Investment

Zepto Doesn't Need To Raise Capital In Short-to-medium term:CEO

Zepto CEO Aadit Palicha has said the company does not need to raise capital in the Short-to-medium term as it recently raised $200 Million At a $900 Million Valuation

Oyo CEO Ritesh

Agarwal Urges Firms

to hire its sacked Employees

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India tops list of countries with cheapest manufacturing costs: report

China and Vietnam trail behind India at the second and third spot, in terms of countries with the cheapest manufacturing costs, whereas, India's eastern neighbour Bangladesh ranks sixth.

India has edged past China and Vietnam to be ranked as the country with the cheapest manufacturing cost, as per a list compiled by US News and World Report.On a scale of 100, India has scored cent percent when it comes to cheap manufacturing costs, the survey conducted by the American media company suggested.

The findings come at a time when the Narendra Modi-led government is attempting to make India a hub of global manufacturing. The 'Aatmanirbhar Bharat' or self-reliant India campaign, launched by his government months after the COVID-19 outbreak in 2020, is aimed at boosting the country's production capacity by attracting foreign players

China, which is India's prime economic competitor in the South Asia region, has an overall 'Open for Business' score of 17, the report said However, it ranks at the second spot, behind India, when it comes to cheap manufacturing costs.

Vietnam, which has attracted a slew of apparel and footwear manufacturers over the past few years, has been placed at the third spot in the category of countries with the cheapest manufacturing costs. It is ranked 47th in the overall 'Open for Business' category.

The list of top 10 countries with the cheapest manufacturing costs, which is headed by India, also includes Thailand (fourth), Philippines (fifth), Bangladesh (sixth), Indonesia (seventh), Cambodia (eighth), Malaysia (ninth) and Sri Lanka (tenth).

Source:- MONEYCONTROL.COM

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