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?
Time for children
Little Lives has partnered with a manufacturer in Rochester, New York, which has been mass-producing adult face shields throughout the pandemic. They became available in July; the startup is selling 10 for $70 on its website. These shields are reusable and should be cleaned with soap at the end of the day. The founders hope that their product will help reduce the spread of the virus in communities because kids are more likely to use them properly, thereby reducing their risk of getting infected. “It’s hard for many kids to wear their masks properly,” says Brown. “But unlike masks, it’s hard to wear a face shield the wrong way.” … [Read more...] about Kids have a terrible time wearing masks. This Black-women-led startup found a solution
"Consumers in March and April had reported being charged higher prices for essentials like vegetables as well as packaged products, where some were charged above MRP (maximum retail price) due to shortages in the markets due to the lockdown and panic buying," the report said, adding that crop damage due to heavy rains and hoarding is also being suspected as a reason for this sudden price rise in vegetables. … [Read more...] about 73% households are now spending more on essentials, earning less in comparison to pre-COVID times, reveals survey
Instead, Pappas said, she is focused on what TikTok’s future could look like if the app’s ownership is bifurcated. Most of all, she said, she is doubling down on putting TikTok’s community of creators and users — ranging from those who post videos of cake decorating to those who break dance — first. Pappas later added that she regularly talked to Zhang Yiming, ByteDance’s founder and Chief Executive, about all of these issues. … [Read more...] about The woman taking over TikTok at the toughest time
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine. … [Read more...] about Market cap-to-GDP ratio moves above long period average; time for caution?