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If there is one word to aptly describe the ongoing 2024 Lok Sabha <keyword id="20515965" type="General" weightage="20" keywordseo="election-results" source="keywords">election results</keyword>, specifically for the incumbent party, it would be jolting, startling, and perhaps, even surprising. The exit polls were wide off the mark, and then some. Less than a week ago, India reported a remarkable <keyword id="19972825" type="General" weightage="20" keywordseo="GDP-growth" source="keywords">GDP growth</keyword> rate of 8.2% for the fiscal year 2023-24. Over the weekend, exit polls predicted a clear and easy majority for the ruling Bharatiya Janata Party (BJP) and its alliance NDA. Consequently, benchmark indexes, Sensex and <keyword id="6354813" type="General" weightage="20" keywordseo="Nifty" source="Orion">Nifty</keyword>, both zoomed more than 3 per cent on Monday, breaching the all-time high records. On Tuesday, the tides turned! Putting a harsh full stop on the ruling party’s “abki baar 400 paar” narrative, the electoral situation on Tuesday evening shows less than 300 seats to the NDA and over 230 seats to the opposing INDIA bloc. What’s even more concerning for the ruling party is its tally dropping from 303 in 2019 to less than 245 this year. Consequently, on Tuesday, Sensex witnessed the steepest drop in over four years since the pandemic, recording a drop of 4,389 to settle just over 72,000. Nifty also dipped by almost 6%, standing at 21,884 points. If the trends hold, the BJP will lack a clear, simple majority on its own for the next five years, even if it manages to form a government with its pre-poll allies. The question is, how stable the new government would be, what would be the overall impact of this verdict on India’s economy, and what’s the story behind the jitters exhibited by the markets on Tuesday? <cmsannotation type="cmsannotation" annotationid="India’s incredible economic growth story" comment="subhead" text="India’s incredible economic growth story">India’s incredible <keyword id="19900794" type="General" weightage="100" keywordseo="economic-growth" source="keywords">economic growth</keyword> story </cmsannotation>Perched to be the world’s 3rd largest economy by 2027, India’s current GDP value stands at $3.9 trillion. As per FM <keyword id="20200167" type="General" weightage="20" keywordseo="Nirmala-Seetharaman" source="keywords">Nirmala Seetharaman</keyword>, the Indian economy is anticipated to grow at a rate of close to 7% in FY25 and hit $7 trillion by 2030. The <keyword id="3530620" type="General" weightage="20" keywordseo="Gross-Value-Added" source="Orion">Gross Value Added</keyword> (GVA) data supports the optimistic outlook, with a growth rate of 7.2% in FY24 compared to 6.7% in FY23. And notably, this strong economic growth has come at a time when most of the major economies across the globe are grappling with a slowdown. While few expect India to maintain a robust growth of 8.2%, most economists agree that GDP growth could moderate to around 7% in FY25. But most of these growth forecasts are contingent on a stable government and policy reforms at the centre. So, does the sharp fall in benchmark indices on Tuesday foretell a twist in India’s growth story? <cmsannotation type="cmsannotation" annotationid="Is there a twist in the tale?" comment="subhead" text="Is there a twist in the tale?">Is there a twist in the tale? </cmsannotation>Firstly, the <keyword id="16791710" type="General" weightage="20" keywordseo="foreign-portfolio-inflows" source="Orion">foreign portfolio inflows</keyword> (FPI), indicative of the global confidence reposed in the Indian markets, have been on a consistent decline over the past 3 months. As of 4th June 2024, foreign institutional investors had withdrawn a total of Rs 14,339 crores from the Indian equity markets while investing Rs 55,273 crores in debt instruments, which are traditionally reflective of safety, security, and a low-risk and change appetite. Foreign institutional investors had also withdrawn Rs 25,586 crores during May 2024, and Rs 8,671 crores during April 2024. If anything, the Indian market stands atop the strong confidence of domestic investors. The AUM (assets under management) of the Indian mutual fund industry stood at a record high of around $57 lakh crores in April 2024, even as the SIP AUM hit a record high of Rs 11.26 lakh crore. "The steep fall is due to the results so far falling short of the exit polls which the market had discounted yesterday. If BJP doesn't get a majority on its own there will be disappointment and this is getting reflected in the market. Also it is possible that Modi 3.O may not be as reform-oriented as the market expected and may turn more welfare- oriented," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. <cmsannotation type="cmsannotation" annotationid="Cautiously optimistic investors could prevail" comment="subhead" text="Cautiously optimistic investors could prevail">Cautiously optimistic investors could prevail </cmsannotation>But does this mean India’s growth story stands threatened or even jeopardized? Even though social media is flooded with memes that might lead one to believe it is all over for India’s story, the country remains the fastest growing economy amongst all G-20 nations in 2024, compelling almost all rating agencies to positively hike the country’s potential growth rate. But, equally noticeable is the fact that India’s private consumption, a major indicator of the economy’s growth, jumped by only 3.5% over the last 3 months of 2024. India now makes up 6.7% of the world’s GDP by purchasing power parity (PPP). As figures go, India is set to become a $10 trillion economy by 2030. Veteran investors like Raamdeo Agrawal, who heads Motilal Oswal Financial Services, believe that India’s potential growth rate of 8-8.5% is not going anywhere and that NDA’s leadership is here to stay. In his words, if an investor has managed to make 4-5x in the last 3-4 years, one will have to give in 20-30%. But that is where you will have to persist as an investor. "With the NDA still looking to form a government, though with the important support of coalition partners, markets look jittery about the prospects of strong decision making. Markets believe that the reformistic approach, which was a hallmark of the previous two terms, might take a backseat in the third term. However, our sense is that it is still early to jump to conclusions and should ideally wait for a clearer picture," said Manish Chowdhury, Head of Research, StoxBox. But all in all, the NDA government is most likely to stay for the full term, and those who bet on the same stand to stay safe despite the surprisingly strong performance of the INDIA alliance. However, in the end, the only one who wins in the market stays put in the market in the long run. Because NDA, or INDIA, compounding is here to stay, all set to immensely benefit long-term investors. (With inputs ANI)

Economic implications of Lok Sabha Election 2024 results: Would lack of a clear majority for BJP impact India’s growth story?

<ul><li>Jarvis Protect will help an investor to book profits and minimize losses. </li><li>Automated-algorithm based portfolio management tools are free from human bias and also lead to cost savings. </li><li>Such platforms also help investors scan and identify relevant stocks. </li></ul><keyword id="14326591" type="General" weightage="20" keywordseo="jarvis-invest" source="Orion">Jarvis Invest</keyword>, an AI-powered stock advisory tool platform, launched Jarvis Protect, a <keyword id="16413128" type="General" weightage="20" keywordseo="risk-management-service" source="Orion">risk management service</keyword>. The service will enable investors to book profits, and cut losses from any portfolio uploaded on the JARVIS system. Often, Do-It-Yourself (DIY) investors build their stocks portfolio based on unsolicited tips and rumours, without any authentic and validated exit calls. This leads to accumulation of junk or irrelevant stocks costing investors their fair returns. Jarvis Protect is designed to address the challenge that DIY retail investors face – knowing when to exit a stock/strategy and thus book profits or minimize losses. This service will act as an efficient risk management tool for investors thereby helping them turn their underperforming portfolio into a winning one. The service will be available at affordable prices for any portfolio in the Indian equity markets. Sumit Chanda, founder and CEO, Jarvis Invest says, “Jarvis Protect will provide investors with timely stock exit strategies and portfolio rebalancing. Our AI-driven model has a high downside accuracy which makes Jarvis Protect relevant to all investors.” Growing breed of robo-advisors Jarvis Invest is one among a growing breed of robo-advisors that uses AI. The idea of <keyword id="3306737" type="General" weightage="20" keywordseo="robo-advisors" source="Orion">robo advisors</keyword> is to provide automated, algorithm-based portfolio management with negligible human intervention. In the process, there is negligible human intervention and human biases do not creep into the decision making process. Plus, since it is automated, it leads to substantial cost savings for the investor as there is no human involvement and interaction. In most cases, these robo-advisors ask clients to fill up a questionnaire with details like goals, risk appetite and so on. AI is used to process these data points and provide a customized investment portfolio to their investors. Jarvis’ AI-powered personalized portfolio costs ₹399 a month. Robo-advisors help a client not only to build a portfolio but also to manage their risk and rebalance their portfolio at regular intervals. StockEdge, an app which helps track stocks on NSE and BSE, uses algorithms to process, scan and identify the relevant stocks for retail investors. In January, it launched an AI powered chart pattern recognition feature where an AI-enabled algo processes all stocks and after further streamlining, prepares a list of stocks where specific patterns have been formed. This helps a trader get clarity about market trends and take position in the market. AI based robo-advisory tools can thus benefit both long-term investors and traders. Based on AI, these help an investor make better investing decisions and reduce human bias when it comes to investments. SEE ALSO <a href="https://www.businessinsider.in/personal-finance/news/how-you-can-handle-the-higher-home-loan-emi-burden/articleshow/97725816.cms">Don't be in a hurry to prepay but plan EMIs better, say experts as home loan burden set to rise</a> <a href="https://www.businessinsider.in/business/auto/news/last-mile-deliveries-food-aggregators-to-drive-electric-two-wheeler-growth-says-redseer/articleshow/97654131.cms">Last mile deliveries, food aggregators to drive E2W growth says Redseer</a>

Jarvis Invest’s risk management service to help investors know when to exit a portfolio

<ul class="summary-list"><li>Shannon St. Val pivoted from her job in finance to pursue a career in real estate.</li><li>She is now the founder and owner of a short-term vacation-rental company.</li></ul>Shannon St. Val is the founder and owner of <a target="_blank" href="https://ep-mg.com/">Elevate Vacation Rentals</a>, a short-term vacation-rental company based in New York. She left her job in finance to manage short-term rental properties and shares how she started, how she makes money, and the challenges of the industry.This as-told-to essay is based on a conversation with Shannon St. Val. It has been edited for length and clarity.My career in property management hasn't been a straight path. My degrees are in finance and real estate, and I graduated in 2008 when the <a target="_blank" class="" href="https://www.businessinsider.com/office-commercial-real-estate-cre-crash-2008-gfc-delinquency-vacancy-2024-3">subprime meltdown</a> happened. I thought I would be working in commercial real estate, but then all the real-estate jobs disappeared and I started working in finance.I worked at Klynveld Peat Marwick Goerdeler, or KPMG, on the consulting side, specializing in financial operations for big banks and broker-dealers, specifically for investment-management firms.I knew I didn't want to work in finance for too long because the culture was intense. In 2016, I left my job to be my own boss. I took many of my finance and consulting skills and founded my own short-term property management company.At first, I started managing a few properties for myself, and then when COVID happened, I had to pivot and expand. I decided to take on clients outside New York instead of just managing my own. It's been my dream to return to real estate with property management.<h2 id="f5bbe9fe-75d5-46bf-9651-eee295b6fd7e">How I find clients</h2>A lot of my early clients came through word of mouth. I had friends, particularly people I met in the finance industry, who had houses in <a target="_blank" class="" href="https://www.businessinsider.com/marthas-vineyard-ferry-review-new-england-2024-7">Martha's Vineyard</a> or <a target="_blank" class="" href="https://www.businessinsider.com/hamptons-hot-spots-visitors-buyers-from-real-estate-agent-2024-6">the Hamptons</a> and would ask, "Hey, you're managing properties. I have a house. Can you manage mine?" Some people will advertise on social media, but I've gotten my business through <a target="_blank" class="" href="https://www.businessinsider.com/small-business-founders-explain-grow-your-company-referrals-2023-10">referrals</a>. If you do good business, people will refer you to their network.Some property managers who are just starting have found success in <a target="_blank" class="" href="https://www.businessinsider.com/cold-email-formula-that-landed-me-response-from-meta-executive-2024-5">cold pitching</a>. This means reaching out to short-term rental owners and saying, "I know you may have a manager, but I'm willing to work for a lower rate for the first year." Then, if you meet their expectations, you can increase the rate.Some companies can do outbound emails or outbound marketing for you, where you blast local owners or anyone who recently bought a new house in that particular vacation-rental area, advertising your services.<h2 id="25cfe19f-2fc1-49c4-8eee-5946221a2bc7">How I earn a living from property management</h2>There are two ways to earn money from managing short-term properties. The first is by working with vacation-rental owners and charging a commission on the nightly rate. I've seen commissions as low as 10% and as high as 30%, but the industry standard is typically 15% to 20%.I also manage a building. It's a master lease, which means I pay a flat rate and collect rent from each unit as a short-term vacation rental. Some homeowners just want their flat-rate rent and don't want to be involved, so I'll do a short-term rental. You have to be a little more sophisticated in this because if you don't budget and know your expected revenue, you could misprice it and lose a lot of money. With that model, we want to get at least a 25% to 30% return to provide a buffer in slower months.<h2 id="10437455-20ce-4e54-81a9-64cada1f3402">My typical day</h2>Your typical workday will depend on how many properties you manage. We're managing roughly 30 properties now, so we have a team that handles guest support. I work about eight or nine hours a day, but the job is really 24/7. If there's an emergency, you need to be available.My typical schedule involves a lot of meetings. We always meet with the cleaning team to discuss maintenance and cleaning issues. We go over that once a week with one of the cleaning companies we work with. In the middle of the day, we'll work on pricing reports for owners, update the listings, and read through guest reviews.We also schedule <a target="_blank" class="" href="https://www.businessinsider.com/personal-finance/mortgages/home-inspection">property checks and inspections</a> at least once or twice a month, depending on the property. It requires a lot of coordination, so you'll have to get used to talking on the phone frequently, rather than texting or Slacking messages.<h2 id="6416bf44-fab1-45cc-8b50-23bbf7277ff0">The challenges and rewards of property management</h2>Managing properties is time-consuming, especially if you're doing short-term rentals. You have to have 24-hour guest support, and things like cleaning crews and a maintenance person have to be coordinated for each property. The logistics are significantly harder with vacation-rental management versus standard property management.The most rewarding part of the job is helping my clients or the owners see the untapped value in their homes and helping them earn more money than they would have anticipated. I get thrilled when I double their income. I'm also happy to get a five-star review or feedback that we were super attentive, paid attention to detail, provided great customer service, or resolved an issue quickly.<h2 id="be52c448-f4a1-4953-97a8-8fcbc0d51a77">Advice for transitioning to property management</h2>You have to be very organized, have structured processes, and be good at communicating with multiple stakeholders, including the vendors, owners, and guests. My corporate background helped me a lot because it had so much structure, and I came in with project management and logistical skills. I have a certification through the <a target="_blank" href="https://www.pmi.org/">Project Management Institute</a>, but getting a degree or certification is optional.To break into the industry, I recommend working for a vacation-rental company before branching out independently. Use the time to learn some of their best practices before you move on. Check out national companies like <a target="_blank" href="https://www.vacasa.com/">Vacasa</a> or <a target="_blank" href="https://www.hostgenius.ca/locations/tampa">Host Genius</a>, which usually hire in different markets.You could also work with a smaller company like mine, where you just reach out and say, "Hey, do you have any roles?" There's always something to be done, and management companies are always looking for good help. Another way to break in is to attend a <a target="_blank" href="https://www.vrma.org/events/event-calendar">regional or national vacation-rental management conference</a> to network. Find a conference in your area, and you'll meet a lot of managers in one setting.<h2 id="4fabd0d5-be6d-4e5a-ba5d-90ebef4300ff">What I wish I'd known before starting out</h2>Property management can be very rewarding, but I didn't realize how important it was to overcommunicate. I also didn't know how hard managing so many stakeholders would be. For every property, I usually have between four and seven different people involved. I have the owner, the lawn person, the trash person, the regular maintenance person, the cleaner for that house, and then I have my guest support.Sometimes, keeping track of who's who can be overwhelming. So if you want to manage a larger <a target="_blank" class="" href="https://www.businessinsider.com/financing-strategies-for-real-estate-investing-how-to-scale-portfolio-2024-5">portfolio</a>, you need a really good process and team to keep track of everything. You also have to be extremely organized, provide good customer service, and pay close attention to detail.

How I transitioned from a career in finance to short-term property management

<ul class="summary-list"><li>There's a growing demand for luxury short-term rentals — and people to oversee these properties.</li><li>Property-management jobs are expected to grow faster than average in the next decade.</li></ul>The <a target="_blank" class="" href="https://www.businessinsider.com/renting-housing-market-home-ownership-mortgages-affordability-real-estate-2024-5">growing trend of "forever renters"</a> — people who expect to rent properties for their entire lives rather than owning any — is contributing to an <a target="_blank" class="" href="https://www.businessinsider.com/super-luxury-apartments-rent-rentals-2024-7">uptick in demand for luxury rentals</a>.With more renters and travelers seeking luxury vacation rentals, in particular, property managers are needed to vet renters or overnight guests, collect rents, and maintain properties. The US Bureau of Labor Statistics has reported that <a target="_blank" class="" href="https://www.bls.gov/ooh/management/property-real-estate-and-community-association-managers.htm">property-management jobs are expected to grow faster</a> than the average rate for all vocations through 2032.Business Insider talked to two property managers about breaking into managing short-term vacation property and residential rentals, as well as the industry's future.<h2 id="4da1d8db-c598-4fc1-8ef2-fc3a95024bdf">What skills are needed for property management</h2>Karen Hatcher, the CEO of <a target="_blank" href="http://www.sovereignrm.com/">Sovereign Realty &amp; Management</a>, manages rentals across metro Atlanta. Before starting the company, Hatcher worked in corporate sales, but after seeing her now-husband successfully flip homes, she got her real-estate license and eventually began managing properties.<div type="image" title="A headshot of Karen Hatcher wearing a purple dress and sitting behind a desk." height="3484" width="5219" msid="112574747" hostid="261" sizebytes="309112"></div>Although a four-year degree or certification isn't required, one state may have different requirements than another. In Georgia, property managers don't have to be licensed but must work with a licensed broker, Hatcher said.She also said newcomers to real estate and property management should consider joining the <a target="_blank" href="https://www.irem.org/">Institute of Real Estate Management</a>, which offers continuing education, skills classes, and networking. There are also a few industries that Hatcher said people may have an easier time transitioning from."Accounting or finance backgrounds provide a strong foundation because they focus on budgeting, financial analysis, and cash-flow management — all crucial for managing rental income and expenses," she said. "Sales experience is equally valuable, as property managers market vacancies, showcase properties, and negotiate leases."Jobs with many moving parts, customer-service experience, and marketing roles also provide "a great launching pad" for breaking into property management, she added.Rebekah Boley, the founder and CEO of <a target="_blank" href="https://hotelhomestays.com/hotelhomestays">Hotel Home Stays</a>, an Arizona-based company that manages vacation rentals, got into her industry after purchasing a campground in Charlotte, North Carolina, and turning it into a <a target="_blank" class="" href="https://www.businessinsider.com/hilton-points-autocamp-airstream-glamping-camping-rv-resorts-2024-4">glamping resort</a>.Unhappy with the service from the property-management company, Boley decided to develop her own, which has grown to include properties across the US. Boley said that having real-estate knowledge was a huge plus for prospective property managers."If you have a background in real estate, design, or contracting, you may have an advantage," she said. "Some soft skills required for this job are being organized, paying close attention to detail, knowing how to multitask, and being personable. It's also important to know that you may not have many days off."<div type="image" title="A headshot of Rebekah Boley wearing a white, pink, and orange-patterned shirt and sitting on a staircase." height="1056" width="1696" msid="112574746" hostid="261" sizebytes="95332"></div><h2 id="60dfb6ba-b1ea-4489-b1c9-75ec2054fcd6">What to expect on the job</h2>No two days are exactly alike, Hatcher said, but she consistently responds to owner emails, reviews new leases, and meets with her team, which is in charge of fielding rental inquiries, conducting screenings, and coordinating move-ins and move-outs."While my team handles the front lines, I'm focused on the bigger picture. As CEO, I'm constantly analyzing our portfolio's performance, from occupancy rates to financials," she said. "I review market trends, adjust strategies as needed, and set goals to ensure we hit our targets. Training is also a regular part of my week, and staying up to date on the latest rental laws, technologies, and best practices is vital."Boley said her work is usually more behind the scenes and that, like Hatcher, her typical day involves a lot of communication."Because the vacation-rental industry changes constantly, I'm always working on pricing and availability, making sure that the dynamic pricing is correct," she said. "My staff is also busy submitting insurance claims for damages or communicating with contractors."<h2 id="fcd8fe3a-0359-42af-a59f-6f46689f634d">The rewards of property management</h2>Two of the biggest benefits property management can offer are great flexibility and a high earning potential. Property managers are usually paid a salary plus <a target="_blank" class="" href="https://www.businessinsider.com/real-estate-agent-discusses-new-home-buying-rules-housing-market-2024-4">commission</a>, an agreed-upon percentage of a monthly rental or nightly fee. Hatcher said another benefit was helping her property owners maximize profits, whether for retirement or long-term wealth creation."There's immense satisfaction in knowing that my work directly contributes to a client's financial security, whether through aggressive lease marketing, stringent expense control, or proactive maintenance," she said. "Seeing the positive results roll in is incredibly fulfilling."Managing residential properties is different from managing vacation rentals because of the turnover rate. Vacation-property managers have to deal with the owner's expectations, but they also interact with guests expecting a certain level of customer service, which Boley said could be rewarding."Vacation-rental-property managers can make a decent income if their homes are making over $10K per month," Boley said. "Although income is rewarding, it's just as rewarding to see amazing reviews from guests who have loved their stay and sing our praises."<h2 id="fb37852a-437e-45fb-89d4-fa3dad5a9a0b">The challenges of property management</h2>The industry has its challenges because of the high level of personal interaction, Hatcher said, but implementing efficient systems can reduce some of the biggest problems, like squatting and <a target="_blank" class="" href="https://www.businessinsider.com/personal-finance/mortgages/mortgage-fraud">application scams</a>, and help attract and onboard quality renters. Property management also requires professionals to be "on it" at all times, she added."You're dealing with people's homes, offices, or businesses, which is very personal to them," Hatcher said. "It requires amazing customer service, conflict-resolution skills, lots of follow-up, and the ability to prioritize many tasks. It's this mix of behind-the-scenes process work and frontline, hands-on management."If you're getting into managing vacation rentals, the challenges are a bit different, as there are fluctuations that correspond with seasons, events, and weather. To succeed, you have to know the vacation market and keep up with the regulations around vacation rentals, Boley said."Vacation rentals are a niche market, and to perform at the top, you have to work extraordinarily hard," she said. "Most vacation rentals make less than $5,000 a month, so we focus on just the top luxury properties. You also have to ensure your product is in line with client expectations. Because the definition of 'luxury' is always changing in the market, there is an ongoing need to revamp and step it up."<h2 id="890f4c5b-b999-4a52-a2e5-cf17fe65ac92">The future of property management</h2>Boley said the growth of the vacation-rental market took off during COVID -19 shutdowns as people realized the value of a <a target="_blank" class="" href="https://www.businessinsider.com/vacation-home-primary-residence-family-benefits-2024-2">vacation home</a>, and many booked one for the first time. However, she said the future of luxury vacation rentals depended on the location and the freedom for landlords to rent out their properties."If cities continue to shut down the ability for people to operate vacation rentals, then the industry won't last," she said. "However, with more oversight and protection for guests, the industry will continue to grow and improve with time."Hatcher is confident that the residential-property-management industry will continue to grow, fueled by the growing history of rental properties as profitable investments and landlords' desire to delegate the work around increasingly complex regulations for rental properties."In Atlanta, the opportunities seem endless. The city's thriving economy, fueled by industries like film and technology, is drawing new residents and investors," Hatcher said. "This creates a high demand for quality rental properties and, by extension, skilled property management."She added, "Rental housing is becoming a larger share of the overall housing stock, and property managers will be needed to oversee these portfolios."

A career in property management is looking more desirable as renters and travelers opt for luxury living

<ul><li><keyword id="20940216" type="General" weightage="20" keywordseo="Synology" source="keywords" meta.keywordsubtype="org" meta.entityname="Synology" meta.hostid="261" meta.entityid="Synology">Synology</keyword> launched several new products at the Synology Solution Exhibition 2024.</li><li>The company has registered double-digit growth in India in the last three years.</li><li>We speak to the company’s <keyword id="22416016" type="General" weightage="20" keywordseo="joanne-weng" source="keywords">Joanne Weng</keyword> to learn more about the company and its plans in India.</li></ul> Taiwanese <keyword id="20653112" type="General" weightage="20" keywordseo="storage-solutions" source="keywords">storage solutions</keyword> provider Synology<a href="https://www.businessinsider.in/tech/news/synology-introduces-new-products-aimed-at-data-protection-and-scalability/articleshow/110711086.cms"> introduced</a> several new products aimed at offering <keyword id="20285436" type="General" weightage="20" keywordseo="data-management" source="keywords">data management</keyword> and protection needs of business organisations at the Synology Solution Exhibition 2024 held in Taiwan. The company announced products such as ActiveProtect, the new GS Series and surveillance solutions at the event. The company also offers Network-attached storage (NAS) devices. Business Insider India spoke with Joanne Weng, Director of International Business, Synology during the event about the company’s operations in India and its future plans. To start, can you tell us about Synology's mission and its recent focus on the Indian market? Synology's mission has always been to simplify IT management, making it accessible for everyone from tech-savvy users to those with minimal technical expertise. Recently, we've been focusing on expanding our presence in India, recognising the country's immense potential as a key market for our solutions. Can you share some insights into Synology's performance in India? Our performance in India has been impressive, with consistent double-digit growth over the past three years. The Indian market is among the top five for Synology in the Asia-Pacific region, reflecting the growing demand for reliable and scalable data storage solutions. Despite the challenges posed by the COVID-19 pandemic, the demand for our products has remained strong, highlighting their relevance in supporting business continuity. How has Synology built its local presence and support in India? We recognise the importance of being present in the market. We've invested in building a dedicated team to look after the Indian market, working closely with local partners to provide on-ground support and consultation. Our strategy of selling through channels ensures that customers can get the help they need from partners familiar with their specific requirements. How does Synology ensure ease of management for its users? Our solutions are designed for easy setup and management, ensuring minimal hassle for users. We focus on user-friendly interfaces and pre-configured settings, making our products accessible for small and medium-sized businesses (SMBs) as well as large enterprises. This approach helps streamline IT management, allowing users to focus on their core business activities. What steps does Synology take to set itself apart in terms of flexibility and scalability? One of our core strengths is the flexibility and scalability of our solutions. As businesses grow, their data storage needs evolve, and Synology offers scalable solutions that can adapt to these increasing demands. This makes us an ideal choice for enterprises experiencing rapid growth, especially with emerging technologies like AI that require robust data management capabilities. Security is a major concern for businesses today. How does Synology address this? Security is a top priority for us. Our solutions come with end-to-end encryption and other advanced security features to protect data. We have a dedicated PSIRT Team that collaborates with global security organisations and ethical hackers to ensure our products remain secure against evolving threats. Additionally, to strengthen our backup solutions, the upcoming ActiveProtect appliances will include features like air-gapping and isolating backup copies in a secure environment to protect against ransomware attacks. How does Synology maintain a customer-centric approach? Customer feedback is extremely valuable to us and drives our continuous improvement efforts. We work with organizations like Gartner for peer reviews to ensure we are meeting customer expectations and delivering high satisfaction levels. This customer-centric approach is a cornerstone of our strategy, ensuring that our products and services evolve in line with user needs. What can we expect from Synology in the future, especially in the Indian market? Looking ahead, we plan to continue focusing on the Indian market, leveraging our robust product portfolio to meet the growing demands of enterprises. Our upcoming products are set to offer even greater scalability and performance, catering to businesses with extensive data management needs. We're excited about the future and are committed to supporting the evolving needs of businesses in India. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/the-biggest-ipos-in-indias-history-lic-to-paytm-companies-that-have-raised-the-most-funds/articleshow/111690863.cms">The biggest IPOs in India’s history – LIC to Paytm, companies that have raised the most funds</a> <a href="https://www.businessinsider.in/business/auto/news/its-raining-discounts-maruti-suzuki-hyundai-tata-motors-and-others-offer-discounts-on-cars-as-sales-slowdown/articleshow/111688501.cms">It’s raining discounts – Maruti Suzuki, Hyundai, Tata Motors and others offer discounts on cars as sales slowdown</a> <a href="https://www.businessinsider.in/business/telecom/news/jio-vs-airtel-vs-vi-prepaid-plans-comparison-plan-benefits-and-price-comparison-after-tariff-hike/articleshow/111512587.cms">Jio vs Airtel vs Vi recharge plans comparison – plan benefits and price comparison after tariff hike</a>

Synology bets big on the Indian market amid strong growth, growing demand

New Delhi [India], July 12 (ANI): <keyword id="20043730" type="General" weightage="20" keywordseo="Jio-Financial-Services" source="keywords" meta.keywordsubtype="org" meta.entityname="Jio Financial Services" meta.hostid="261" meta.entityid="Jio Financial Services">Jio Financial Services</keyword> has received the nod from the <keyword id="19899810" type="General" weightage="20" keywordseo="Reserve-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Reserve Bank of India" meta.hostid="261" meta.entityid="Reserve Bank of India">Reserve Bank of India</keyword> (<keyword id="19899808" type="General" weightage="20" keywordseo="RBI" source="keywords">RBI</keyword>) to convert into a <keyword id="20871282" type="General" weightage="20" keywordseo="Core-Investment-Company" source="keywords">Core Investment Company</keyword> (CIC) from a Non-Banking Financial Company (<keyword id="19938496" type="General" weightage="20" keywordseo="NBFC" source="keywords">NBFC</keyword>). The company in an official statement on Thursday stated that "Further to the disclosure dated November 21, 2023, the Company has today received from the Reserve Bank of India approval for conversion of the Company from Non-Banking Financial Company to Core <keyword id="19895437" type="General" weightage="20" keywordseo="investment" source="keywords">Investment</keyword> Company." According to the Reserve Bank of India, a CIC is a specialised NBFC with an minimum asset size of Rs 100 crore. The RBI's circular dated December 20, 2016 stated that, a CIC's main business is the acquisition of shares and securities with certain conditions. One of the conditions stipulated by the central bank is that the CIC holds not less than 90 percent of its net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies. The transition from an NBFC to a CIC involves several key changes in the company's operational framework. As a Core Investment Company, <keyword id="2003276" type="General" weightage="20" keywordseo="Jio" source="Orion">Jio</keyword> Financial Services will primarily focus on investments in and the management of its subsidiaries companies. The transformation to a CIC structure would enable Jio Financial Services to delineate the financials and operations of each subsidiary, to provide better value discovery for investors. Unlike typical NBFCs, CICs are non-deposit taking financial companies that have their assets predominantly invested in the equity shares, preference shares, or debt instruments of their group companies. As a CIC, the company gains greater operational flexibility. It can now focus on core investment activities without engaging in other financial services. The CICs can explore different sectors and diversify their investment portfolio. This flexibility allows them to adapt to changing market conditions. The shares of the company also surged more than 1.5 per cent during the opening session on Friday, and stands at Rs 353.25 at the time of filing this report. (ANI)

Jio Financials gets RBI nod to become Core Investment Company

<ul><li>For an index fund, the expense ratio is almost next to nothing, whereas for actively managed funds it could be as high as 2% </li><li>If you do not have the time or the expertise to study the fund manager or his style, you should consider <keyword id="5294193" type="General" weightage="20" keywordseo="passively-managed-funds" source="Orion">passively managed funds</keyword> </li><li><keyword id="440024" type="General" weightage="20" keywordseo="index-funds" source="Orion">Index funds</keyword> may also benefit savvy investors who want to manage only part of their portfolio actively </li></ul>Interestingly, the first theoretical model for index funds was suggested by a couple of students at the University of Chicago in 1960, but their idea found little support at that time. But as we know, index funds were popularised in the 1970s by John Bogle, the chief executive of the Vanguard Group, who is also known as the father of index funds. Index funds are funds that aim to replicate the performance of a specific <keyword id="35187" type="General" weightage="20" keywordseo="market-index" source="Orion">market index</keyword>, such as the NIFTY 50, Nifty Midcap 150 etc. These funds passively track the composition and performance of the underlying index rather than actively selecting individual stocks. They track respective indices, investing in the same securities in proportions mirroring the index. “These funds offer <keyword id="7082929" type="General" weightage="20" keywordseo="passive-management" source="Orion">passive management</keyword>, low cost, and instant diversification, making them popular among investors seeking exposure to specific market index while minimising costs and risks,” says Pankaj Shrestha, Head, Investment Services, Prabhudas Lilladher. Types of index funds <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market capitalisation-based Index Funds such as Nifty 50 Index Fund, Sensex Index Fund, Nifty Midcap 150 Index Fund, Nifty Smallcap 250 Index Fund, Global Index Fund – such as Nasdaq 100 Index Fund Sector Index funds such as Nifty Bank Index Fund, Nifty Pharma Index Fund, Nifty Auto Index Fund, Nifty I.T. Smart Beta Index Funds such as Nifty 50 Value 20 Index fund, Nifty 200 Momentum 30 Index fund, Nifty 50 Equal Weight Index Fund Debt Index Funds such as Nifty Gsec, Nifty SDL </td></tr></tbody></table> On the other hand, we have actively managed funds where the fund manager decides what stocks to buy, hold, or sell. Hence, these funds have a higher expense ratio. Actively managed funds have the potential to beat the benchmark, though this may not always be the case. Are index funds for you? In an index fund, you exactly know where the fund manager is investing. In the case of an actively managed fund, you need to know about the fund, and whether the fund manager will be properly following the mandate or not. Therefore, in addition to the fund’s potential and reputation, you need to study the fund manager, their investment philosophy, and track record. This is not the case with an index fund where the style of the fund manager is not a worry. The most significant advantage is the expense ratio. For an index fund, the expense ratio is almost next to nothing, whereas for actively managed funds it could be as high as 2%. “A lot of people say that they invest in gold as a hedge against the equity markets. We can also say that passively managed funds like index funds are some kind of a hedge to actively managed funds style. Within equity, some allocation should always go to a passively managed fund. In the last few months we have seen that many actively managed funds are underperforming the benchmark,” says Hitendra Parekh, Fund Manager, Passive Funds, Quantum AMC. Those who do not have the time or the expertise to study the fund manager or his style should go for a passively managed fund. For this reason, for the beginner investor, passively managed funds are a good way of investing. As we have seen, buying an index fund can also give you exposure to different sectors like financial services, auto, pharma and so on. “Auto for instance is at the cusp of a technology change. We are seeing a proliferation of electric vehicles (EVs) as a technology, which can be a new driver altogether. But if you do not know who will win, the next best thing you can do is to buy the entire index,” says Varadarajan. For this reason, Varadarajan believes that to say that index funds are for beginner investors is an oversimplification. “Index funds can help even the savvy investor. He may want to manage some part of his portfolio very actively wherein he knows the bets he is taking, the company, the management etc. However, if there are opportunities that are coming at a sector level and it is a sunrise sector, and you are betting on a large part of the sector through an index fund, then you will benefit over a period of time without having to worry who will be the winner etc” he says. How much allocation one should have towards index funds would vary from investor to investor. “If there is 70% allocation towards equity, the investor should deploy some 15-20% in passively managed funds,” says Parekh. What to look for when selecting an index fund Before choosing an index fund, one should consider the following factors. Select the proper index: Since now many index funds are available, the first thing is to choose where he wants to invest, whether he wants to track a market capitalisation or sector and so on. Expense ratio: Look for funds with low expense ratios to minimise costs and maximise returns. Tracking Error: “Assess the fund's ability to closely track its benchmark index over time to ensure it effectively mirrors market performance,” says Shresta. Historical Performance: While past performance doesn't guarantee future results, reviewing the fund's historical performance relative to its benchmark can provide insights into its tracking ability and consistency. Even the Oracle of Ohama, Warren Buffet bats for index funds. When investing, sometimes you need to go passive.

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