The schemeSBI Magnum Children’s Benefit Fund (Investment Plan) would look to invest at least 65 per cent in domestic stocks. The remaining portion will get allocated to international equities (maximum up to 35 per cent) and gold exchange traded funds (up to 20 per cent).Your funds are locked-in for five years, or till the child turns 18, whichever is earlier. You can invest only in the minor’s name from the minor’s bank account or from a joint account with the minor. … [Read more...] about SBI Magnum Children’s Benefit Fund (Investment Plan) NFO: Should you invest?
Children of time
A startup called Little Lives PPE has created a face shield that aims to combat these issues. The shield, which is the first of its kind on the market and can be worn by children as young as two, is designed to sit comfortably on a child’s face throughout the day, ideally on top of a mask. … [Read more...] about Kids have a terrible time wearing masks. This Black-women-led startup found a solution
"This means that 61 percent households are currently paying more than Rs. 60/kg for tomatoes, Rs. 30/kg for potatoes and Rs 25/kg for onions. The main cause of this steep prices rise of vegetables is being attributed to excessive rain, labour shortage and also an increase in transportation cost due to the higher diesel prices," the report said, adding that this is especially concerning as many have lost jobs and many others are experiencing a cut in earnings and wages. … [Read more...] about 73% households are now spending more on essentials, earning less in comparison to pre-COVID times, reveals survey
Under an executive order from Trump, ByteDance must essentially strike a deal to sell off TikTok’s US operations by September 20; it will have a few weeks after that to close a sale. Yet after weeks of negotiations with potential buyers such as Microsoft, Walmart and Oracle, the discussions were thrown into disarray when the Chinese government signalled that it would weigh in on TikTok’s future. … [Read more...] about The woman taking over TikTok at the toughest time
There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine. … [Read more...] about Market cap-to-GDP ratio moves above long period average; time for caution?