28, May 2024
Lights, Camera, Educate: Join Financial Literacy Short Film Contest
Hyderabad, May 28, 2024…..….. Entries for the Short Film Contest on Financial Literacy are invited. The Fortune Academy, a Hyderabad-based organisation aims to create an army of financially successful people. To create awareness about the importance of Financial Literacy, The Fortune Academy is organizing a Short Film Contest on Financial Literacy, shared Dr Mani Pavitra, co-founder of Fortune Academy while addressing a press conference at Federation House in Red Hills on Tuesday.
Though 77% of our population is literate, less than 24% is financially literate. Just 17% of teenagers are financially literate in India. According to a Global Financial Literacy Survey, which is the world’s largest and most comprehensive global measurement of financial literacy, India ranks 73rd out of 144 countries with a financial literacy rate of 24%. The majority of Indians face many financial difficulties due to a lack of financial knowledge and awareness.
Financial literacy is the ability to understand and effectively use various financial skills, such as personal financial management, budgeting, and investing, Dr Mani Pavitra, who is widely known as ‘Money’ Pavitra.
Dr. Mani Pavitra, Orthodontist turned Finance Mentor, Co-Founder of Fortune Academy, Serial Entrepreneur, Coach, Social Activist, Author has been educating people about the importance of Financial Literacy, particularly women. She is behind the Million Moms, a much-talked-about initiative to keep mothers healthy, fit, and financially independent.
Interacting with the media, Dr Mani Pavitra said that no matter how high you grow in your career and how well you earn, you must manage money well. Many rich, famous, celebrities who earned well lost all their money. So financial literacy is the need of the hour.
The lives of the rich and famous often seem glamorous, but even the biggest celebrities have money issues. The opposite of this is also a reality where we see many people inspiring stories for rags to riches, those who came from nothing and worked their way hard and made big financially. There are rich and famous people who still live on a budget. Ingvar Kamprad, IKEA Founder; an American business magnate, investor, and philanthropist; Warren Buffet, Narayan Murthy of Infosys
In this light background, Fortune Academy is organizing a Short Film Contest on Financial Literacy.
The film has to be either in English or Telugu and must be in horizontal or vertical format and less than 2 minutes in duration. All the entries will be the properties of Fortune Academy. The contest is being organized as part of the community outreach program to educate the community and women in particular on the importance of financial literacy. The contest on this subject is being organized probably for the first time.
The short films must focus on the importance of money, what money can buy and what money can’t buy, investment, multiplying, saving culture, middle-class money problems, money and emotional connect, rags to riches, the importance of piggy bank and savings, plastic money, digital transactions, money saved is money earned, women and need for financial literacy, etc and other related and relevant subjects of greater concern to the people about the money they earn
The first three award-winning entries judged by a jury will be given a certificate of appreciation and cash prizes of Rs 25000/-, 15000/- and 10,000/- respectively. Five entries will also be given away consolation prizes of Rs 1000/- each
The judging criteria for a short film contest on financial literacy are
1. Clarity of Message: How effectively does the film communicate key concepts of financial literacy clearly and understandably?
2. Creativity and Originality: Does the film offer unique perspectives or creative approaches to presenting financial literacy topics?
3. Engagement: How engaging and compelling is the storytelling? Does the film hold the audience’s attention throughout?
4. Relevance: Does the film address relevant financial topics that are important and applicable to the target audience?
5. Production Quality: How well-produced is the film in terms of cinematography, editing, sound design, and overall technical execution?
6. Impact: Does the film leave a lasting impression on the viewer? Does it inspire action or provoke thought about financial literacy?
7. Accuracy: How accurate and informative is the information presented in the film? Does it provide reliable advice and guidance on financial matters?
These criteria can help ensure that the films submitted to the contest are informative but also engaging and impactful in promoting financial literacy.
This contest aims to create a series of Edutainment (Education plus Entertainment) share-worthy short films. Everybody and anybody can participate. One can also send more than one entry.
Our ultimate goal of this contest is to spread knowledge about financial management. Make people open to talking about earning, saving, managing, and investing money.
Financial Literacy information for all people.
The last date to receive entries is July 31, 2024. Please email your videos to fortuneacademyhub@gmail.com
The Award function will be held in August/September 2024
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- By Rabindra
16, Feb 2024
Remsons Industries enters into an agreement to invest for a majority stake
Mumbai, February 16, 2024: Remsons Industries Ltd., a pioneer in Cables & Shifters for Automotive Industry, has agreed to make a Majority Investment in the Automotive Sensor Division of Uni-Automation, a renowned sensor technology firm. This strategic move marks a significant milestone in Remson’s commitment to innovation and expansion within the Automotive and Off-Highway Industry.
The proposed investment aligns seamlessly with Remson’s mission to deliver cutting-edge solutions that meet the evolving needs of its customers. With Uni-Automation’s expertise in sensor technology, Remsons is poised to strengthen its position as a manufacturer of Complete Systems with Embedded sensors.
The new offering of products will help widen Remson’s portfolio of offerings to domestic as well as global customers. The automotive sensor market has been growing on two counts. One deep penetration of embedded technology on legacy platforms. Second, increased adoption of Electric Vehicles which have higher per-unit sensor requirements. Since Sensor requirements are platform agnostic, entering into this technology gives a fillip to Remsons’ new offerings to its customers.
“We are thrilled to welcome Uni-Automation into the Remsons family,” said Rahul Kejriwal, Executive Director, Remsons. “Their exceptional track record in developing state-of-the-art sensor technologies complements our existing capabilities perfectly. This proposed investment underscores our commitment to providing innovative solutions and enhancing our ability to address the complex challenges faced by our customers.”
“We are excited to join forces with Remsons and embark on this new chapter of growth and innovation,” said Vidhyadhar Mahajan, Chairman, of Uni-Automation. “By combining our expertise with Remson’s resources and market reach, we are confident that we will unlock new opportunities and deliver even greater value to our customers.”
“This proposed investment is in line with Remson’s philosophy of inorganic growth into Fuel Agnostic products. This is also partly complimenting to our existing product line and a diversification into future technology products. We also plan for further acquisitions and JV’s to complement and add to the above portfolio,” said Amit Srivastava, Remsons Group CEO.
For the transaction, KDA Corporate Advisors LLP acted as the transaction advisor & DBS Law acted as the legal advisors to Remsons Industries Ltd.
28, Nov 2023
SAMCO Mutual Fund Introduces Dynamic Asset Allocation Fund (DAAF) Offering Unmatched Investment Stability and Growth Potential
Bangalore – November 28, 2023 – SAMCO Asset Management Private Limited, a distinguished investment management firm, is thrilled to announce the launch of the Dynamic Asset Allocation Fund (DAAF). This unique fund is designed to provide investors with an unparalleled blend of stability, growth potential, and downside protection in today’s dynamic market environment.
This is India’s first DAAF that follows a momentum model with the capability to move to debt entirely in tough times. There does not exist a similar model in the category. Models of most of the other Hybrid BAF/DAAFs follow valuation models built on P/B, P/E, etc.
One of the key challenges faced by investors in India has been the fear associated with market volatility and drawdowns. SAMCO Mutual Fund recognizes these concerns and has developed the DAAF with a focus on reducing volatility and drawdowns while optimizing returns.
With SAMCO DAAF, investors can enjoy the advantages of equity investments while minimizing drawdowns and maintaining the flexibility to withdraw their capital when needed.
SAMCO MF’s DAAF employs an innovative investment strategy based on the proprietary TRANSFORMER model. This model allows the fund to adjust its equity exposure from 0% to 100% based on market trends. By swiftly transitioning between equity and debt investments in real-time, the fund mitigates risks and curtails drawdowns, providing investors with a unique sense of security and stability.
The principal asset allocation of the fund shall be determined based on momentum in equity markets and extreme mean reversion signals which shall be calculated using SAMCO MF’s proprietary TRANSFORMER model. Fundamentally the scheme will operate based on trend-following strategies i.e., when markets are in clear uptrends with lower volatility, equity allocations shall be higher and when markets are breaking down, in correction or bear market phases, net equity allocations shall be zero or at extremely low levels. Only in extreme panic or euphoric conditions, the scheme will move to mean reversion models and build equity exposure in bear markets or cut equity exposure in bull markets. Rebalancing based on the model shall happen on a real-time dynamic basis and will not follow a monthly/quarterly rebalancing model.
The factors for determining the Asset allocation shall be dependent on the following factors: Trends in Equity Markets, Rate Spread in Bond Yields, Averages such as SMA/EMA and deviation of price from averages thereof, Net new 52-week highs and lows, Stock Price Breadth & Volumes, US Fed’s Funds Rates & Yield curve, Options Volatility & VIX, Relative Strength across Asset Classes & Securities, Market Cap to GDP Valuations & Money Supply, Equity Earnings Yields & Rolling Returns on Trailing basis & Retail trading activity.
Umeshkumar Mehta, Chief Investment Officer (CIO), SAMCO Asset Management Private Limited, said, “SAMCO Mutual Fund is proud to introduce the Dynamic Asset Allocation Fund, a result of our commitment to addressing the concerns and needs of investors in India. With DAAF, we offer a game-changing solution that combines the potential for good returns with an attempt to minimize drawdowns. Our innovative approach, backed by the TRANSFORMER model, ensures that investors can navigate market fluctuations with confidence. We believe DAAF will redefine the way investors perceive and approach their investments, offering them peace of mind and long-term wealth creation opportunities.”
Salient Features:
Commenting on the launch, Viraj Gandhi, CEO of SAMCO Asset Management Private Limited, said, “At SAMCO Mutual Fund, we are driven by a commitment to empower investors with innovative and robust financial solutions. The launch of our Dynamic Asset Allocation Fund marks yet another significant step in our journey to provide investors with stability, growth, and peace of mind. We believe this fund, helmed by experienced professionals, will redefine investment experiences and set new benchmarks in the industry.”
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The SAMCO DAAF’s New Fund Offering (NFO), commences on December 07, 2023, and concludes on December 21, 2023. The scheme reopens for continuous sale and repurchase within five business days from the date of allotment.
