Mutual fund investors see some relief as markets stage a strong recovery

The mutual fund (MF) investors got some respite on Friday, with the markets staging strong recovery. Over the last one-month period, major equity categories had seen sharp declines of 17-20 per cent with markets reeling from Coronavirus scare. Large-cap schemes have seen one-month negative returns of 20 per cent. Mid- and small-cap schemes have seen over 17 per cent hit on net asset values (NAVs) in same period. The above return scorecard is likely to improve after markets logged their largest-ever single-day recovery on Friday after falling as much as 10.8…

4 Strategies to Make Your Sales Funnels Convert in 2020

How to win over customers online. March 11, 2020 7 min readOpinions expressed by Entrepreneur contributors are their own. As an entrepreneur trying to stay relevant and thrive in the competitive digital age, there’s one marketing strategy you’ve likely heard holds the secret to growing your business online: sales funnels. You’ve seen the ads, read the blogs, watched the tutorials and tried your hand at implementing sales funnels in your own business. But for some reason, you haven’t hit the jackpot. Scaling your business through sales funnels still feels like rocket science —and something is definitely broken. Related: 3…

Provide Covid-19 cover in policies: Irdai tells health insurance companies

The Insurance Regulatory and Development Authority of India (Irdai) has advised all health insurance companies to provide medical cover for Coronavirus (COVID-19) in order to avoid any hardships with immediate effect. Irdai has issued guidelines regarding the same. The instructions are issued under the Provisions of Section 14 (2) of Irdai Act. “If coverage is granted for treatment of hospitalisation expenses, in order to alleviate hardships that may be caused to policyholders, all claims reported under coronavirus shall be handled,” the circular isssued by the insurance regulator noted. According…

India VIX rises to highest level since 2008 crisis as fear grips markets

India VIX, a measure of investors’ perception about the risk of sharp swings based on options prices, rose to its highest level since the 2008 global financial crisis as fear gripped markets worldwide after COVID-19 was declared a ‘pandemic’. The fear gauge slid nearly 30 per cent on Thursday to 41.16, even as the Nifty dipped 8.3 per cent. VIX is meant to indicate investors’ perception of the annual market volatility over the next 30 calendar days. The higher the value, the higher is the expected volatility and vice versa. …

How FanDuel Has Evolved in the Wake of Legalized Sports Betting

David Meltzer sits down with the company’s CMO to talk about the transition. March 10, 2020 1 min readOpinions expressed by Entrepreneur contributors are their own. On this episode of The Playbook, FanDuel’s Chief Marketing Officer Mike Raffensperger shares his insights on:How his experience working at Amazon helped give him an understanding of the digital advertising marketplace [5:06]. Why you need to be telling an impactful story with your content that also improves your audience’s experience [8:03]. Why he believes that FanDuel is one of the best “second screen” experiences in the world for sports fans [10:35]. How…

Solving problems with a leap of faith

In November 2017, Francisco de Roux, the former head of the Jesuit order in Colombia and a renowned peacemaker, was appointed to a national leadership position established by the treaty that ended Colombia’s 52-year civil war. That same month, my colleagues and I started working on a development initiative involving politicians, former guerillas, and business and community leaders in the troubled southwest region of the country. I was delighted to see Francisco show up for our first workshop. When I asked him why he had taken time away from his important new responsibilities to participate in this local event, he…

Domestic gold ETFs get record flows, up 7x over previous month’s tally

The spike in market volatility has prompted mutual fund (MF) investors to lap up units of gold exchange-traded funds (ETFs), with the category seeing highest flows since 2008. In February, net flows into the schemes stood at Rs 1,483 crore, which was seven-times of flows ETFs received in previous month. Experts say investors are chasing gold-linked products due to robust trailing returns and because they are seen as a safe haven amid current market volatility. “Gold has seen sharp rally in prices, which is why investors are pouring into…

The Unwritten Rules of Naming Your Business

You may not know it, but your industry has unwritten rules when it comes to business names. Find out what yours might be so you can craft a name that resonates with your customers. March 9, 2020 5 min readOpinions expressed by Entrepreneur contributors are their own. The following excerpt is from Brad Flowers’s The Naming Book. Buy it now from Amazon | Barnes & Noble | IndieBound Every industry has a set of unwritten branding rules, or tendencies, that become codified over time. Sometimes they can become clichés. Most industries will have only a few types of names.…