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Bipasha Basu and Karan Singh Grover celebrate their wedding anniversary virtually

Bipasha Basu and Karan Singh Grover celebrated their fourth wedding anniversary on Thursday with friends and family — virtually. Bips took to Instagram stories, where she shared a string of photographs and videos, talking to family and friends over video call.

She wrote, "Virtual celebration. First of its kind. Sometimes it's important to lift your spirits (sic)."

Bipasha Basu's Insta stories showed her and husband Karan Singh Grover chatting with close friend actor Ayaz Khan, and virtually feeding him what looks like cake! 

Looks like Ayaz Khan, too, played along!

Bips also shared a lovely video on her wedding anniversary and wrote, "Today is our 4th Wedding Anniversary. Time really flies... so make the best of each and every second... make beautiful memories and only hold onto the good things and feelings and let the rest go."

 
 
 
View this post on Instagram

There is no emotion that is bigger than love . No other emotion has the tremendous power of Love ❤️ I am blessed to be with someone everyday of my life ,who I love so deeply... each day together we look for small joys which fills us with so much gratitude for our life 🙏 Focussing on love , positivity, faith, belief ,magic and gratitude - that’s our motto❤️ Celebrate love each day ... count your blessings each day... thank life and live it fully each day❤️ Today is our 4th Wedding Anniversary🙏 Time really flies... so make the best of each and every second... make beautiful memories and only hold onto the good things and feelings and let the rest go. Thank you all ,for your wishes and love. Sending virtual hugs and big love to all❤️ Spread love 🙏 #Monkeyversary #monkeylove #stayhome

A post shared by bipashabasusinghgrover (@bipashabasu) onApr 29, 2020 at 6:20pm PDT

Karan Singh Grover and Bipasha Basu met on the sets of the erotic-thriller Alone in 2015 where they played the lead roles. The couple tied the knot on April 30, 2016, in Mumbai. 

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Parineeti Chopra's virtual coffee date will feed 4000 family members of daily wage earners

Parineeti Chopra has stepped forward to do more during the coronavirus crisis that is raging in our country. The sensitive actress has decided to go on a virtual coffee date with people to raise funds that will feed 4000 family members of 1000 daily wage earners of our country!

Millions of poor labourers are struggling to access food and rations during the COVID lockdown, and are unable to keep themselves and their families safe. Parineeti has come on board to help raise funds for GiveIndia's Mission: Ration Kit that aims at delivering food to those most affected by the crisis.

 
 
 
View this post on Instagram

•FOR THE DAILY WAGE WORKERS• You say coffee, I say WITH ME! @fankindofficial @give_india and I have come together for your chance to go on a virtual coffee date with me! All you have to do is log onto fankind.org/parineeti and help provide ration kits with essential food supplies for daily wage labourer's who are struggling to feed their families. (Link in bio) 5 lucky winners will get a chance to go on a super fun virtual coffee date with me! No one should go to sleep hungry, so let's come together to feed the less privileged. And to make our impact even bigger, A.T.E Chandra foundation will be be adding 25% of the total donation we raise as a matching amount, thereby multiplying our impact. YOU, ME and Latte fun! So donate now! #Fankind #FankindXParineeti #Covid19

A post shared by Parineeti Chopra (@parineetichopra) onMay 6, 2020 at 12:14am PDT

Pari's campaign will see ration kits containing dal, rice, aata, salt, masala, tea, sugar, oil etc, to be able to sustain a family of 4 people. These kits will be distributed to families in Maharashtra, Rajasthan, Bihar and Tamil Nadu. The A.T.E. Chandra Foundation has also joined hands in this cause and will be adding 25 per cent of the total donation value collected as a matching amount, thereby multiplying the impact!

Parineeti, who is doing this in association with Arjun Kapoor’s sister Anshula's breakthrough charity initiative Fankind, says, "There are millions of unemployed daily wage earners who are struggling to make two ends meet today due to the coronavirus crisis in our country. During the COVID19 national lockdown, they are unable to earn and that is putting them at high risk! Fankind, GiveIndia and I have come together to try and help them and their families by providing them ration kits."

One just needs to log on to fankind.org/Parineeti and donate to be eligible for this virtual date which will aid GiveIndia to reach out to the ones who need our immediate help. The contest will be open for donation for a week, starting 6th May.

Parineeti adds, "No one should go to sleep hungry, so let's do our bit to make a difference and take care of our fellow brothers and sisters of India. This fund raiser is uniquely crafted for me to meet you virtually and have a cup of coffee! This is how I will be saying thank you to 5 lucky winners through a video chat. I am looking forward to chatting with you and getting to know more about you over a piping cup of coffee. Let's join hands and donate for those who are in need."

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Debina Bonnerjee celebrates her birthday in a 'virtually' unique way this year!

Actress Debina Bonnerjee has turned a year older today, and inspite of the lockdown she has managed to celebrate her birthday in a very unique and special way, also keeping in mind all the current necassary rules and regulations!

Practicing the social distancing norm, Debina with the help of husband Gurmeet, her parents and a bunch of close friends 'virtually' brought in her birthday last night. A gang of her close friends logged in together at the same time via a digital medium from their respective homes to sing, cut the cake and be digitally present to make her special day a memorable one!

Speaking about how she enjoyed her virtual birthday celebration this year, Debina shares,"This birthday has been unlike any other celebration in the past, hence it will always be a very memorable one for me! Since nobody can get out of their homes due to the lockdown, Gurmeet and my close gang of friends planned a very special birthday celebration for me which was so amazing! I had around 15 of my friends come online together at the same time, who sang happy birthday for me at 12am last night and made my cake cutting a very cherish worthy moment with their digital presence! It did a feel a little weird to not be going out as I do every year, but being a responsible citizen is in the need of the hour right now. Hence I am very happy to have responsibly celebrated my birthday this year, in a unique and creative way."

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COVID-19 effect: Roadies Revolution auditions go virtual

Auditions of MTV Roadies Revolution will be held live on social media for the first time ever, in the wake of the COVID-19 lockdown. This is the 17th season of the popular adventure reality show. "Since its inception, 'Roadies' has had a lot of firsts to its credit. Going virtual is another innovative dimension to its iconic journey and speaks volumes of its repute as a reality show. At a time when social distancing has become the norm of life and we have found respite in our phones, 'Roadies LIVE' auditions is a great effort and a well-timed step to reach the youth. This is also a first for me in 17 seasons and I am looking forward to a power-packed experience. To all the young, high-spirited souls, here's your last chance to make the cut and be a part of this exhilarating journey," show host Rannvijay Singha said.

Starting from Monday (April 27) on the MTV Roadies Facebook page, the first-ever virtual audition will go on up to Friday, and will give one contestant a chance to join the official journey this year.

Neha Dhupia, one of the judges on the show, is excited. "Social media and the euphoria around it is undeniable, more so during this lockdown when we are glued to our phones more than ever. We're excited to bring 'Roadies' to digital platforms that connect the masses. Digital auditions are the best way to tap into the young psyche amidst lockdown and get them prepped up for something challenging. Keeping up with our theme of 'Revolution', I am excited to meet some spirited people during the LIVE auditions who have it in them to take positive action and join us on the journey ahead," she said.

 

Added her co-judge Nikhil Chinappa: "Every year, Roadies ups the ante with innovative formats that resonate with the sentiments of the youth. Virtual auditions are a leap ahead in that direction to leverage a platform that is extremely relevant in the present scenario and reach out to a wider demography. 'Roadies' auditions have always called for mass attention and It would be interesting to witness the traction online."

Rapper Raftaar, also a judge on the show, feels "digital has emerged as the new normal" amid the ongoing crisis and lockdown.

"For a show which defines youth, their goals, and preferences, this digital effort can engage the youth and amplify 'Roadies Revolution' in a way never seen before. I am glad to be a part of this one-of-a-kind experience," he said.

Prince Narula, who also judges the reality show, feels "The live auditions are yet another feat in creating a revolution and reaching out to our young audience".

"I'm really excited to meet some brilliant people and look forward to their perspective. This is going to be a great precursor to our adventurous journey later in the year," Prince added.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Ekta Kaul hosts 'virtual godbharai' with husband Sumeet Vyas

Sumeet Vyas and Ekta Kaul are all set to embrace parenthood. The duo is enjoying this time as much as they can and keep sharing their happy moments with their fans on their social media handles. Owing to the countrywide lockdown imposed due to coronavirus, the couple recently hosted a virtual godbharai.

Ekta took to her Instagram page to share pictures of her godbharai. She looked lovely in a printed, maroon maxi dress, while Sumeet kept it casual with cargo shorts and a quirky, navy blue t-shirt. Ekta was seen flaunting her baby bump. She captioned the picture as "Just like that." Take a look at the picture here:

 
 
 
View this post on Instagram

Just like that!

A post shared by Ekta Rajinder Kaul (@ektakaul11) onMay 8, 2020 at 11:25am PDT

Ekta also took to Facebook to share a glimpse from her godbharai. Here's what she shared:

Last month, Ekta had shared the news of her pregnancy with an adorable and witty caption! In the picture, we could see Sumeet planting a kiss on Ekta's cheeks.

Sumeet Vyas and Ekta Kaul tied the knot in a traditional ceremony in Jammu on September 18, 2018. Sumeet was earlier married to theatre actor Shivani Tanksale. They divorced in 2017.

Talking about his love story, Sumeet Vyas in an earlier interview had said, "We actually met six years ago when we were shooting for a pilot of a television show which never took off. I met her again on a show I was hosting, where she was a contestant. We kept in touch. I discovered the art of conversation with her. We don't discuss common people we know or criticise projects that aren't good enough. She became the home I could come back to and disconnect from work. I love that we both are desi. It was a moment of sheer astonishment when she said she likes me too. That's love, it requires no logic and no reason."

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BTS and Lady Gaga to join Barack and Michelle Obama for YouTube Virtual Graduation Ceremony 2020

It's doesn't get bigger than this! Youtube has a huge lineup of celebrities from various fields for their upcoming YouTube Virtual Graduation Ceremony 2020. The ceremony would be headlined like former President Of The United States, Barack Obama, and First Lady Michelle Obama. Amongst the notable names includes singer Lady Gaga, world-famous band BTS.

The Dear Class of 2020 will be mixed with commencement speeches and musical performances. "I’ve always loved joining commencements––the culmination of years of hard work and sacrifice. Even if we can’t get together in person this year, Michelle and I are excited to celebrate the nationwide Class of 2020 and recognize this milestone with you and your loved ones," Barack Obama wrote in his tweet on May 5.

BTS has had a global impact with their music. The group, composed of members RM, Jin, Suga, J-Hope, Jimin, V and Jungkook, recipients of the Order of Cultural Merit in South Korea, and were keynote speakers at United Nations in 2018. Singing in their native language Korean, the septet has become the world's biggest boyband. Their latest album 'Map Of The Soul: 7' has become No. 1 in 21 countries.

Being in the pop scene for more than a decade, Lady Gaga changed the face of pop music and re-introduced artistic ways to evolve music. In today's times, she is considered one of the most impactful musicians of all time.

Here's a list of participants:

Featuring

President Barack Obama

Michelle Obama

BTS

Lady Gaga

Sec. Robert M. Gates

Sundar Pichai

Sec. Condoleezza Rice

Malala Yousafzai

Special Appearances by

asapSCIENCE

Alicia Keys

Chloe x Halle

Kelly Rowland

Kerry Washington

The Try Guys

Zendaya

Mr Kate

Dude Perfect

Jackie Aina

Zane Hijazi

Dear Class of 2020 premieres on June 6.

ALSO READ: BTS members V and Jungkook make carnations on Parents' Day, perform 'Never Not' by Lauv during live stream




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Madhuri Dixit, Shashank Khaitan, Tushar Kalia's Dance Deewane 3 begins virtual auditions

With everything going digital amid lockdown due to Coronavirus outbreak, reality shows have found a new way to conduct auditions. Madhuri Dixit, Shashank Khaitan, and Tushar Kalia will return as judges for Dance Deewane 3.

For the show, the makers have begun virtual auditions. Madhuri Dixit kicked off her work by recording the promo for the show and asking the audience to participate by uploading their videos oh Viacom18's digital platform.

The final aspirants will be selected for the show once the film and TV bodies resume shoots. Arjun Bijlani will be returning as the show host. They'll kick off the new season after everything goes back to normal.

ALSO READ: Madhuri Dixit and Kajol reminisce about sharing screen space with late Rishi Kapoor




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Parineeti Chopra to go on virtual coffee dates to raise funds for daily wage labourers

Parineeti Chopra has stepped forward to do more during the coronavirus crisis that is raging in our country. The sensitive actress has decided to go on a virtual coffee date with people to raise funds that will feed 4000 family members of 1000 daily wage earners of our country!

Millions of poor labourers are struggling to access food and rations during the COVID lockdown, and are unable to keep themselves and their families safe. Parineeti has come on board to help raise funds for GiveIndia’s Mission: Ration Kit that aims at delivering food to those most affected by the crisis.

Pari’s campaign will see ration kits containing dal, rice, aata, salt, masala, tea, sugar, oil etc, to be able to sustain a family of 4 people. These kits will be distributed to families in Maharashtra, Rajasthan, Bihar and Tamil Nadu. The A.T.E. Chandra Foundation has also joined hands in this cause and will be adding 25% of the total donation value collected as a matching amount, thereby multiplying the impact!

Parineeti, who is doing this in association with Arjun Kapoor’s sister Anshula’s breakthrough charity initiative Fankind, says, “There are millions of unemployed daily wage earners who are struggling to make two ends meet today due to the coronavirus crisis in our country. During the COVID19 national lockdown, they are unable to earn and that is putting them at high risk! Fankind, GiveIndia and I have come together to try and help them and their families by providing them ration kits.”

One just needs to log on to fankind.org/Parineeti and donate to be eligible for this virtual date which will aid GiveIndia to reach out to the ones who need our immediate help. The contest will be open for donation for a week, starting 6th May.

Pari adds, “No one should go to sleep hungry, so let’s do our bit to make a difference and take care of our fellow brothers and sisters of India. This fund raiser is uniquely crafted for me to meet you virtually and have a cup of coffee! This is how I will be saying thank you to 5 lucky winners through a video chat. I am looking forward to chatting with you and getting to know more about you over a piping cup of coffee. Let's join hands and donate for those who are in need.”




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Night shelters in Nagpur provide skill development opportunities to homeless

To ensure that the labourers and migrant workers can earn a livelihood once the lockdown is over, the Nagpur Municipal Corporation has started an initiative to introduce skill-based training among beggars and the homeless in the city. Tukaram Mundhe, Nagpur Municipal Cooperation Commissioner said, "After the lockdown was announced, we shifted the homeless and beggars to shelter homes and providing them with food, accommodation and other facilities."

With about 19 shelter homes around the cities accommodating close to 1,500-2,000 people, the commissioner said they are being provided with some skill development activities apart from having basic amenities. "We have also introduced skill development programmes for them. In the long run, we intend to take up the eradication of beggary program in Nagpur by providing them skills so that they can get employed," Mundhe said.

"We are also giving them a makeover as we are providing them skill-based training so that they can earn their livelihood once the lockdown ends," said Manish Soni, Public Relations Officer, NMC.

According to the Union Ministry of Health and Family Welfare, 2,916 positive COVID-19 cases have been reported in the state, out of which 295 patients have recovered and 187 patients have succumbed to the virus.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Coronavirus outbreak: News of around 50 journalists testing COVID-19 positive unfortunate, says Government

The Centre on Monday said that around 50 journalists testing positive for COVID-19 in Mumbai is very unfortunate.

"Journalists testing positive for COVID-19 is very unfortunate news. When you (journalists) attend your call of duty, kindly take the required precautions, follow the norms of social distancing and wear face masks," Lav Agarwal, Joint Secretary, Health and Family Welfare said at a daily briefing here.

This comes as 53 journalists in Mumbai tested positive for COVID-19. All of them are under isolation, according to Brihanmumbai Municipal Corporation. Responding to a question of whether asymptomatic people need to be tested, Agarwal said, "80 per cent cases are asymptomatic and mild symptoms and we can track them. Sampling criteria is very clear that anyone who needs to be tested will be sampled."

"We have been highlighting that there are two criteria of concerns -- areas having a large number of cases, areas having the rate of growth of cases is high and the doubling rate is low," he added. Agarwal stated health officials are ensuring effective intervention so that affected areas do not lead to a large number of cases further.

"We are coordinating with states and district administration and take necessary action. Three teams of the central government have been sent to Maharashtra which is working in Pune, Mumbai and a team co-ordinating between Maharashtra state with central government and district administrations," he said. Agarwal said that India's COVID-19 doubling rate has improved to 7.5 days from 3.4 days before the lockdown was enforced.

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India should look to convert world's 'hatred' for China into economic opportunity: Gadkari

Union minister Nitin Gadkari on Sunday said India should look at converting the world's "hatred" for China amid the coronavirus pandemic into an economic opportunity for itself by attracting large-scale foreign investments.

Interacting with overseas Indian students via video conferencing, the minister for MSME and Road Transport and Highways said across the world now, there is "hatred for China. Is it possible for us to convert it into an opportunity for India?" Referring to the economic package announced by Japan for its businesses exiting China, Gadkari said, "I feel that we should think on that and we will concentrate on it. We will open the Indian scenario for that. We will give the clearances and everything to them and attract foreign investment."

Asked if India can take any action against China incase it is found to have deliberately "suppressed" information on coronavirus, the minister said this was a sensitive subject related with the Ministry of External Affairs and the prime minister, and therefore it will not be appropriate for him to comment on it. Gadkari said all government departments, particularly the finance ministry as well as the Reserve Bank of India (RBI), are formulating policies to win the "economic war" post the COVID-19 pandemic and fulfil the prime minister's dream of making India a USD 5 trillion economy. "At the same time, we can make infrastructure of Rs 100 lakh crore," he added.

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Kids' Choice Awards: Avengers: Endgame, Stranger Things, Billie Eilish, BTS and more win at virtual show

After the decision to postpone the event due to the coronavirus crisis, the Nickelodeon's Kids' Choice Awards on Saturday, rather, held a virtual telecast which was no short of slime and the awards.

On Saturday a virtual show was hosted by the 'Victorious' star Victoria Justice of the event, whic was originally scheduled to take place on March 22 in Los Angeles.

The star-studded awards show had specials appearances of 'The Avengers' cast including Robert Downey Jr., Chris Evans, Chris Hemsworth, Scarlett Johansson, Mark Ruffalo, and Jeremy Renner.

The team's big hit superhero film 'Avengers: Endgame' won favourite movie, and 'Spider-Man' actor Tom Holland was voted favourite superhero.

Netflix's 'Stranger Things' grabbed the favourite TV show awards, meanwhile, the young star Millie Bobby Brown took home the favourite female TV actor award for her role as Eleven.

In the music category, artists including Taylor Swift, Ariana Grande, Shawn Mendes, Billie Eilish, Lil Nas X, and BTS took home the glory.

Reported by Variety, the show also made USD 1 million donations to No Kid Hungry, a national campaign to help end childhood hunger and support people affected by coronavirus crisis.

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Empire, Shark Tank, StartUp: These business shows that will bring alive the entrepreneur in you

If you are a budding entrepreneur and an avid watcher of TV shows, you must be certainly thinking of which product to launch post the lockdown and if there are any shows out there that can help you better assess the target audience, risks, financial aspect amongst other facts that are involved with launching your own business.

While business markets and sectors are certainly a tough place to be in with a humongous competition, here are a few shows that will give you a glimpse of the entrepreneurial world with a few lessons that will help you through your journey.

Silicon Valley

Created by Mike Judge, Silicon Valley is a critically-acclaimed sitcom that follows the struggle of a group of young software programmers and developers trying to succeed in Silicon Valley. The show features the challenges new entrepreneurs face to make an impact in the competitive environment of Silicon Valley, despite having a game-changing product. Silicon Valley recently completed its 6th season and can be viewed in the country on Disney+Hotstar

Shark Tank

Shark Tank, the critically acclaimed and multi-Emmy Award-winning reality show that has reinvigorated entrepreneurship around the world, recently returned with its dynamic eleventh season. The Sharks – tough, self-made, multi-millionaire and billionaire tycoons – continue their search to invest in the best businesses and products that America has to offer. Watching this show will give you an insight of all aspects of the business world as you will develop the insight of a venture capitalist mind. Season 11 of Shark Tank is exclusively streaming on Voot Select while its television premier on 18th May 2020 on Colors Infinity

Billions

Think of Billions as the high-finance counterpart to House of Cards and you will not be far off the mark. Damian Lewis and Paul Giamatti are superb as, respectively, the win-at-all-costs head of a massive hedge fund and the win-at-all-costs district attorney determined to put him behind bars, although both are thoroughly upstaged by the even better Maggie Siff as the woman who keeps both at the top of their game. This show emphasizes on the importance of being street smart and ahead of the game. The latest season of Billions is streaming in the country on Disney+Hotstar

Empire

Created by Lee Daniels and Danny Strong, Empire is a drama series that tells the story of Empire Entertainment, a fictional hip hop music and entertainment company, and the drama that unfolds among the members of the founders’ family as they fight for control of it. The show will familiarize you with the importance of always staying on top of your game, the show is streaming in the country on Disney+Hotstar

Startup

StartUp follows the emergence of GenCoin, a brilliant yet controversial tech idea centred on a digital currency — an idea that gets incubated on the wrong side of the tracks by three strangers who don’t necessarily fit the mould of 'tech entrepreneurs' and a crooked FBI agent who will go to any lengths to take them down. The series is available to watch in the country on Amazon Prime India.

Tune-in to these compelling entrepreneurial shows for all the inspiration you need to begin your journey towards your dreams.

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Cristiano Ronaldo and Portugal squad give amateur clubs financial boost

Cristiano Ronaldo and his Portugal teammates have donated half of their bonus for qualifying for the Euro 2020 finals to help amateur football in the country that has been hit by the coronavirus shutdown. The Portuguese football federation said on Monday the money would go towards a fund that it hopes will reach 4.7 million euros ($5.1 million) to help amateur clubs survive the crisis.

The federation last week decided to end the already-suspended amateur season with immediate effect, declaring the season null and void without champions, promotion or relegation. No decision has been taken on resuming professional football but the president of the Portuguese league said in late March he was determined the season should be completed.

"It is fundamental that the championships end because it would allow some sort of normality to be restored and we could prepare for next season knowing who has qualified for international competitions, who the champions are and who is relegated," Pedro Proenca said. Portugal shocked host nation France to win Euro 2016 but Ronaldo and his teammates will have to wait another year to defend their title as Euro 2020 has been postponed by 12 months because of the coronavirus pandemic.

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Cristiano Ronaldo donating money to help Portugal's lower league players

Football superstar Cristiano Ronaldo flew back to Italy on Monday after almost two months in Coronavirus lockdown in his native Madeira, Portugal, but he is continues to help with donations during this COVID-19 pandemic.

Lokomotiv Moscow's Portuguese player Joao Mario has told British tabloid, The Sun that Cristiano is donating money to lower league players in Portugal, who are financially hit due to the pandemic.

"It's a bad situation for everyone but in these kinds of situations, it's worse. They [Portugal's lower league players] really need our help. Cristiano presented us an initiative for us all to help especially those players that are struggling, that do not have professional contracts," said Joao.

Meanwhile, Manchester City star Bernardo Silva said, "Ronaldo suggested that Portugal players should donate 50 per cent of their Euro 2020 qualification bonus towards a players's fund in the Portugal Football Federation."

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Manchester City's Bernardo Silva enjoying lockdown with Portuguese model Ines Tomaz

Portuguese footballer Bernardo Silva has reportedly found love during the ongoing Coronavirus-caused lockdown.

The Manchester City star, who split from his French model girlfriend Alicia Verrando two years ago, is said to be in a relationship with Portuguese model Ines Tomaz.

According to a report in the Portuguese media, Bernardo has been in lockdown near Lisbon in Portugal with Ines for over a month, but the couple are not keen to rush into things.

"They've not been together for very long and they want to take things slowly," a source told Portuguese newspaper Correio da Manha.

It is learnt that Bernardo and Ines have been watching Netflix, playing the piano and even learning to cook together. Bernardo revealed last week that he was in quarantine with a group, including Ines, and had even posted a picture of the bunch on social media.

"Hey guys, it's been over a month that we're all locked down in our homes so I have decided to show you a little bit of what our quarantine looks like. This is the group of friends with whom I'm spending my quarantine," he wrote.

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HDFC Mid-cap Opportunities Fund: Focusing on Growth through Quality

Posted by Equitymaster
      

Despite the rally we recently witnessed, the market mood continues to be sombre due to the pandemic crisis. FPI outflows from the Indian market persisted in the current month as well, while the recent fiasco at a popular fund house also dented investor sentiments.

It is difficult to predict how this situation will unravel eventually. Though the pandemic has impacted both large and smaller sized companies, small and mid sized companies could be the most affected.

However, quality names even in these segments could perform well over the long run. Therefore, you should stick to only quality names across different market capitalisation and invest via a well managed mutual fund that focuses on growth through diversification.

HDFC Mid-cap Opportunities Fund (HMOF) is one such mid cap fund that looks to invest in mid cap stocks with sound financial strength and reasonable growth prospects.

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Graph 1: Growth of Rs 10,000 if invested in HDFC Mid-cap Opportunities Fund 5 years ago

One of the most popular funds in the midcap category, HMOF's asset size is the largest as compared to its peers. However, HMOF has shown no constrain when it comes to delivering superior performance. The fund has a track record of generating above-average returns across market conditions. Over the last 5 years, HMOF has generated returns at 4.5% CAGR as compared to 1.9% CAGR generated by its benchmark Nifty Midcap 100 - TRI, thus generating an alpha of around 2.5 percentage points CAGR. The fund has made well use of diversification to mitigate downside risk and generate decent lead over the benchmark index.

Table: HDFC Mid-cap Opportunities Fund's performance vis-a-vis category peers
Scheme Name 1-year (%) 3-year (%) 5-year (%) Std Dev Sharpe
Axis Midcap Fund -1.59 8.24 9.09 12.99 0.22
Invesco India Midcap Fund -11.6 0.54 6.89 15.17 0.12
DSP Midcap Fund -9.17 -0.78 8.39 14.62 0.06
Tata Mid Cap Growth Fund -13.59 -1.52 4.96 16.54 0.07
L&T Midcap Fund -17.37 -3.38 6.85 15.37 0.05
HDFC Mid-Cap Opportunities Fund -21.36 -5.32 4.54 15.11 0.01
ICICI Pru Midcap Fund -27.16 -7.35 1.86 14.72 -0.02
Sundaram Midcap Fund -23.59 -8.71 2.77 15.52 -0.03
Category Average -15.71 -3.5 4.38 14.62 0.05
Benchmark -25.38 -9.34 1.92 18.1 -0.03
Returns are point to point and in %, calculated using Direct Plan - Growth option. Those depicted over 1-Yr are compounded annualised.
Data as on April 28, 2020
(Source: ACE MF, PersonalFN Research)

*Please note, this table only represents the best performing funds based solely on past returns and is NOT a recommendation. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not an indicator for future returns. The percentage returns shown are only for indicative purposes.

Though HMOF has trailed some of the other popular peers in the mid cap category, it stands strong in the list of mid cap funds. The fund has constantly outperformed the benchmark by a noticeable margin across time periods.

Some of the other top performers in the category are Axis Midcap Fund, Invesco India Midcap Fund, and DSP Midcap Fund.

The fund has not only demonstrated its ability to generate superior returns for its long term investors, but has been reasonable when it comes to managing volatility and curtailing down-side risks. In terms of risk-adjusted returns, HMOF has outperformed its benchmark by a significant margin and also stays ahead of most of its peers.

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Investment strategy of HDFC Mid-cap Opportunities Fund

Categorized as midcap fund, HMOF is mandated to invest minimum 65% of its assets in equity and equity related instruments of mid cap companies. Accordingly, HMOF invests in stocks of predominantly mid-sized companies, which have reasonable growth prospects at acceptable valuations. The fund also holds significant exposure in smallcaps along with moderate exposure in large caps as well as cash and debt.

It follows the bottom-up approach to identify high quality businesses for the long term. The stocks are bought primarily for the strengths of company fundamentals rather than the strength of the macro-economic indicators.

The fund manager resists from following market momentum and holds each of his high conviction stock for the long term.

Graph 2: Top portfolio holdings in HDFC Mid-cap Opportunities Fund

As on March 31, 2020,HMOF held 75 stocks in its portfolio, with no individual stock having exposure of more than 5%.Popular mid cap names like Aarti Industries, Balkrishna Industries, Trent, Ipca Laboratories, and Voltas, etc. appeared in its top portfolio holdings. The top 10 stocks constitute close to 32% of its assets.

The fund's portfolio is primarily skewed towards Banking and Finance sectors which together constitute around 17% of the portfolio. Auto ancillaries, Pharma, Chemicals, and Industrial Products are the other prominent sectors with allocation of around 9-11% each.

Suitability

HMOF's performance over longer time periods has been commendable, where it has generated decent long-term returns for its investors as compared to the benchmark, though it has lagged behind some of its peers. Its focus on timely realization of growth potential of stocks at fair valuation can help it generate strong returns while also minimize the downside risk. However, its aggressive mandate makes it prone to high volatility. This makes HMOF suitable for investors with high risk appetite and a long term investment horizon.

Editor's note: The last few years have not been among the best for equity mutual funds. While most funds have underperformed or are struggling to match the returns of the benchmark, there are few funds that have the potential to constantly generate alpha for its investors. And we have identified five such high alpha generating funds, in our latest report 'The Alpha Funds Report 2020'. Do not miss our latest research finding. Get your access to this exclusive report, right here!

Note: This write up is for information purpose and does not constitute any kind of investment advice or a recommendation to Buy / Hold / Sell a fund. Returns mentioned herein are in no way a guarantee or promise of future returns. As an investor, you need to pick the right fund to meet your financial goals. If you are not sure about your risk appetite, do consult your investment consultant/advisor. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

Author: Divya Grover

This article first appeared on PersonalFN here.

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PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.




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Mahesh Bhupathi throws virtual party on wife Lara Dutta's 42nd birthday. See Photos

Bollywood actress and Miss Universe 2000 Lara Dutta turned 42 years old on April 16, 2020. Lara Dutta's birthday celebrations, however, were not stopped due to the COVID-19 lockdown. Lara Dutta's husband Mahesh Bhupathi was the one to bring in her birthday and host what was called a 'virtual birthday party' at their home in Mumbai.

Mahesh Bhupathi also took to Instagram to share a couple of photos and a video of Lara Dutta's birthday celebrations along with their daughter Samaira. The couple also had their close friends on a video conference to wish Lara Dutta on her birthday. Mahesh Bhupathi described how the part went and also had a fun caption to go with it. Virtual birthday party done .. Happy Birthday, Lara. May God continue to bless you with this amazing husband and incredible kid for another few decades atleast. Yes, we ate well today." Here's Mahesh Bhupathi's post on Instagram.

Lara Dutta made her Bollywood debut in 2002 with the superhit film Andaz alongside Akshay Kumar and Priyanka Chopra, who also made her debut. Both actresses won the Filmfare award for Best Female Debut.

Lara Dutta has since appeared in a list of Bollywood hits such as Masti, No Entry, Housefull, Partner, Bhagam Bhaag and Don 2. She also ventured into production with the film Chalo Dilli in 2010.

Mahesh Bhupathi and Lara Dutta got engaged in September 2010 and tied the knot in February 2011. In January 2012, Lara Dutta and Mahesh Bhupathi welcomed their daughter Samaira into the world.




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Andy Murray wins virtual title after internet glitch

British tennis ace Andy Murray won the Virtual Madrid Open title on Thursday after a semi-final walkover, when opponent Diego Schwartzmann, logging in from Argentina, suffered a connection glitch.

Andy beat Belgium's David Goffin in the final, but the drama of the online tournament was in the semis. Diego kept winning points even though Andy was hitting winners.

Andy exclaimed: "This is madness," following which Diego withdrew. "I don't deserve to be in the final you play the final," Diego told Andy. "Due to technical problems with @dieschwartzman's connection that prevented him from competing normally in his semi-final match, the players have agreed that @andy_murray should progress to the #MMOPEN Virtual Pro final," the organisers tweeted. Later, Andy said he would donate a part of his prize money to UK's National Health Services (NHS): "I'll be donating half of the USD 45,000 prize money to the NHS and the other half to the tennis players relief fund."

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

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Ex-rivals Serena Williams, Maria Sharapova come together for virtual charity tennis tournament

Tennis stars like Serena Williams, Maria Sharapova, Naomi Osaka, Kei Nishikori and others will participate in a virtual charity tennis tournament. IMG is the company coordinating the tournament titled "Stay at Home Slam" and it will be streamed on Sunday on Facebook Gaming and on the tennis Facebook page of IMG. Two-person teams will compete using the Mario Tennis Aces game on Nintendo Switch.

Competitors will play the video game from their homes across the country, and each will receive $25,000 donated to the charity of their choice, with the winner of the tournament receiving an additional $1 million in donation. "I am proud our IMG tennis clients came together so quickly to support a multitude of great causes," said Max Eisenbud, SVP of tennis clients at IMG as per the official website. "It is a testament to the people we work with across all our divisions that we were able to bring this to life in such a short amount of time."

"It's been incredible to see the creative ways athletes are using social media to support people during this difficult time," said Evan Shugerman, Facebook Athlete Partnerships Lead. "We're excited to be partnering with IMG to contribute to those efforts, which will bring some of the world's top athletes together on Facebook for an entertaining and impactful competition."

Legendary tennis player John McEnroe and popular YouTube personality iJustine (Justine Ezarik) will be commentating the matches.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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7 best places beach lovers must visit in Portugal


Portugal. Pic courtesy/YouTube

With mild climatic conditions and more than 3,000 hours of sunshine a year, Portugal makes for a perfect holiday destination. Not only these but also 850 km of fabulous beaches and a valuable heritage add to the country's beauty. Also, if you are a food lover and have a taste for Mediterranean-influenced cuisine that is rich in flavours and aroma, then you must plan a trip to this southern European country soon.

If you are fond of beaches, then these are some of the best places to visit in Portugal:

1. Porto E Norte: It was in the Porto and in the North regions that Portugal was founded in the 12th century. The region is crossed by the River Douro which enters Portugal between the ravines and mountains of the interior to flow through the entire world heritage landscape where the Port and Douro wines are produced. In this area of mountains and natural parks, the region¿s heritage is seen in its castles, such as the one in Guimarães, and the shrines and churches which are the stage for pilgrimages in the summer.

2. Centro de Portugal: In the interior of the country, there are mountains and villages of granite and schist. Serra da Estrela, the highest peak in mainland Portugal, is the star of the mountains, with its endless landscapes and glacial lagoons. But there are also the Lousã, Açor and Caramulo ranges, where you can discover nature by hiking or by bike.

3. Lisboa Region: Lisbon is the place to be! Frequently chosen as one of the best destinations in Europe, the capital of Portugal is an old city, full of history and vestiges of the past and yet, at the same time cosmopolitan, multicultural, full of culture and life. From historical and heritage areas, from the Baixa Pombalina to Belém (where only yards separate the Jerónimos Monastery and Belém tower, both classified as UNESCO World Heritage Sites, together with the Monument to the Discoveries), to the newest part of the city ¿ Parque das Nações with its fabulous Vasco da Gama bridge (the longest in Europe and one of biggest in the world),to the characteristic neighborhoods of Alfama, Mouraria, Sé and Bairro Alto, with their winding streets, centuries-old houses and traditional shops, Lisbon is always surprising.

4. Alentejo: A land of Great Plains, cork oaks, vineyards, and excellent wines, of immaculately whitewashed houses, the Alentejo is also a land of outstanding beaches, some almost deserted in the hottest summer months. The largest continuous stretch of beaches in Europe for about 60 km long is perfect for a few days' rest and relaxation, but also for lovers of surfing and other water sports, who will find plenty of options here.

5. Algarve: With a coastline stretching 230 kilometers, more than 130 beaches, the beaches in Algarve are constantly ranked as some of the most beautiful beaches in the world and considered as Europe's Best Beach Destination by the World Travel Awards. The sea, which is always inviting for a dip or a wide range of water sports, the mild temperatures and award-winning golf courses, the Algarve also offers gastronomical experiences.

6. Azores: In the middle of the Atlantic, nine small islands surprise with their absolutely stunning landscapes. The Azores are an archipelago of rare beauty, full of tradition and history, with plenty of leisure activities for the whole family, both at land and sea. In Sao Miguel, the largest island and home to the capital Ponta Delgada, you must visit the incredible volcanic lakes of Sete Cidades, Fogo and Furnas.

7. Madeira: Madeira is a green oasis, with incredible natural beauty, right in the Atlantic Ocean. With two-thirds of its landmass, a protected area and the largest Laurissilva Forest in the world, a world heritage site, flowers and exotic fruits abound here all year round, thanks to the almost tropical climate. Those who enjoy outdoor activities and different degrees of challenge in walks along the levadas (old irrigation canals) or mountain trails that open out into lush landscapes and unique biodiversity will find the perfect destination here. The capital, Funchal, has an interesting history linked to the days of the discoveries and holds various events throughout the year, such as the Madeira Flower Festival, Carnival and the always spectacular fireworks that mark the beginning of the New Year.

(Edited by mid-day online desk, with inputs from ANI)

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Catering Assistant Required In Portugal Under TRC

Company: Continental Immigration Consultancy Services Private Limited
Experience: 2 to 5
location: Other International
Ref: 24828167
Summary: Why Portugal Temporary Resident Permit? 1) No IELTS Required 2) No Degree Required 3) Low cost of living 4) It is valid for 1 Years. 5) Extendable for another 4 Yrs. 6)After 4 Years....




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Concierge Required In Portugal Under TRC

Company: Continental Immigration Consultancy Services Private Limited
Experience: 1 to 4
location: Other International
Ref: 24828162
Summary: Why Portugal Temporary Resident Permit? 1) No IELTS Required 2) No Degree Required 3) Low cost of living 4) It is valid for 1 Years. 5) Extendable for another 4 Yrs. 6)After 4 Years....




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Sous Chef Required In Portugal Under TRC

Company: Continental Immigration Consultancy Services Private Limited
Experience: 0 to 2
location: Other International
Ref: 24828159
Summary: Why Portugal Temporary Resident Permit? 1) No IELTS Required 2) No Degree Required 3) Low cost of living 4) It is valid for 1 Years. 5) Extendable for another 4 Yrs. 6)After 4 Years....




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Pastry Chef required in Portugal under TRC

Company: Continental Immigration Consultancy Services Private Limited
Experience: 1 to 4
location: Other International
Ref: 24828155
Summary: Why Portugal Temporary Resident Permit? 1) No IELTS Required 2) No Degree Required 3) Low cost of living 4) It is valid for 1 Years. 5) Extendable for another 4 Yrs. 6)After 4 Years....




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Chef Garde Manager Required In Portugal Under TRC

Company: Continental Immigration Consultancy Services Private Limited
Experience: 1 to 3
location: Other International
Ref: 24828152
Summary: Why Portugal Temporary Resident Permit? 1) No IELTS Required 2) No Degree Required 3) Low cost of living 4) It is valid for 1 Years. 5) Extendable for another 4 Yrs. 6)After 4 Years....




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Line Cook Required In Portugal Under TRC

Company: Continental Immigration Consultancy Services Private Limited
Experience: 1 to 3
location: Other International
Ref: 24828147
Summary: Why Portugal Temporary Resident Permit? 1) No IELTS Required 2) No Degree Required 3) Low cost of living 4) It is valid for 1 Years. 5) Extendable for another 4 Yrs. 6)After 4 Years....




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Hotel Manager Required in Portugal Under TRC

Company: Continental Immigration Consultancy Services Private Limited
Experience: 1 to 3
location: Other International
Ref: 24828145
Summary: Why Portugal Temporary Resident Permit? 1) No IELTS Required 2) No Degree Required 3) Low cost of living 4) It is valid for 1 Years. 5) Extendable for another 4 Yrs. 6)After 4 Years....




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Front Desk Supervisor Required in Portugal Under TRC

Company: Continental Immigration Consultancy Services Private Limited
Experience: 1 to 3
location: Other International
Ref: 24828140
Summary: Why Portugal Temporary Resident Permit? 1) No IELTS Required 2) No Degree Required 3) Low cost of living 4) It is valid for 1 Years. 5) Extendable for another 4 Yrs. 6)After 4 Years....




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Housekeeping Supervisor Required in Portugal Under TRC

Company: Continental Immigration Consultancy Services Private Limited
Experience: 1 to 3
location: Other International
Ref: 24828126
Summary: Why Portugal Temporary Resident Permit? 1) No IELTS Required 2) No Degree Required 3) Low cost of living 4) It is valid for 1 Years. 5) Extendable for another 4 Yrs. 6)After 4 Years....




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Food Runner Required In Portugal Under TRC

Company: Continental Immigration Consultancy Services Private Limited
Experience: 1 to 3
location: Other International
Ref: 24828104
Summary: Why Portugal Temporary Resident Permit? 1) No IELTS Required 2) No Degree Required 3) Low cost of living 4) It is valid for 1 Years. 5) Extendable for another 4 Yrs. 6)After 4 Years....




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Shift Manager Required In Portugal under TRC

Company: Continental Immigration Consultancy Services Private Limited
Experience: 1 to 3
location: Other International
Ref: 24828101
Summary: Why Portugal Temporary Resident Permit? 1) No IELTS Required 2) No Degree Required 3) Low cost of living 4) It is valid for 1 Years. 5) Extendable for another 4 Yrs. 6)After 4 Years....