ET Money logs Rs 2,000 crore in mutual fund sales on app

et-money-etonline
The app has added multiple features to become a full-service financial services provider on the phone over time.
NEW DELHI: ET Money has clocked Rs 2,000 crore of mutual fund sales on its app, registering a nearly twentyfold increase in sales of the financial product over the past fifteen months.

The online financial services platform had started offering investors the choice to invest in direct mutual funds a few months ago and has witnessed exponential growth ever since.

“The growth in value of transactions is due to the pace at which we have launched innovative offerings for the customer and the addition of direct mutual funds to our platform,” ET Money’s chief executive officer Mukesh Kalra said. ET Money’s ability to provide customers a wide range of solutions, including loans to meet short-term funding requirements had increased the platform’s credibility and users confidence in the app, according to Kalra.

The Times Internet-backed company started operations two years ago as an app that linked into the user’s SMS log and enabled him/her to maintain a roster of monthly expenses. It has added multiple features to become a full-service financial services provider on the phone over time. Times Internet is a subsidiary of BCCL, the publisher of this newspaper.

Within a short span of time, ET Money has struck collaborations with over twenty asset management companies to offer a range of over 1,000 mutual fund schemes. It also has a tie-up with RBL Bank to provide loans to customers and recently introduced a liquid fixed deposit scheme that offers higher interest rates in comparison to traditional savings accounts.

“We are aiming to grow to Rs 5,000 crore of mutual fund transactions in the next 12-18 months,” Kalra said, expressing confidence that the movement towards investments in financial assets by people who have disposable incomes will create the right conditions for his business.

Over the last 18 months, ET Money has introduced a slew of industry-first offerings like SmartDeposit with Instant Withdrawal, Paperless KYC, One-tap Portfolio Buys, SIP Registration without First Installment and Option to Skip SIP Installments.

It has also launched a unique feature to enable existing investors save agent commissions on their existing mutual fund investments by instantly allowing them to switch to direct plans.

With an aim to play an integral role in a modern Indian’s financial life, ET Money has expanded its offerings providing instant personal loans through its app along with Insurance products via ETInsure. This has helped to grow it’s total transactions across all services to an annual figure of over Rs.2,100 Crores which is growing at 200% every six months, the company claims. The ET Money app is available on Android or iOS.

[“source=economictimes.indiatimes”]

Here’s Why ‘Destiny 2’ Can’t Bring Back Year 1 Armor (Yet), And How To Fix That

Destiny 2Bungie

One common refrain among Destiny players is that it makes little sense to keep making old gear irrelevant at this rapid of a pace. When armor received random rolls in year 2, for instance, the solution was not to just give all current sets random rolls and actual perks, but instead to just leave them with…literally nothing, allowing only year 2 armor and beyond to roll with actual perks.

What this means is that everything players worked to earn in year 1 is functionally useless, because having armor with no perks is a recipe to be at a huge disadvantage in every activity. But that means leaving tons and tons of sets behind. Ones from every destination, old Eververse sets, sets from Zavala and Shaxx, from the raid and Trials and Iron Banner. Those damn Solstice sets that we grinded for ages for. None of that is useful, and even if you can require it from collections, there’s no actual point in doing so without perks.

The problem is that you can’t just flip a switch and grant everything rolls all of a sudden because of the way the current economy and acquisition system is set up.

Right now for say, planetary vendors, you can simply buy individual pieces of armor directly from them. Even if you disallowed random rolls on those pieces, you can also turn in materials for engrams, materials that Spider now sells for legendary shards. What that would mean is that it would only cost you a handful of shards to keep rolling and rolling and rolling for god tier loot with the exact perks you wanted, but changing the Spider economy would mess things up for say, infusion.

Raids, Trials, Eververse and Iron Banner stuff are each their own issues, but Bungie isn’t even attempting to try and find a fix for any of it. So I will, because this is just way, way too much stuff to leave behind, and the more stuff there is try and acquire, the more engaged players will be. More so than getting their 98th Tangled Web set, that’s for sure.

Destiny 2Bungie

Planetary Vendors – No longer sell individual pieces of gear, and no longer accept materials for random engrams. Give each a “heroic” bounty that gives out one piece of planetary gear a day (not powerful, just themed). Give planetary set rewards at the end of adventures that take place there. Have an increased chance to drop planetary sets when on patrol or running strikes in those areas. You could even add planetary gear to the Prime Engram loot pool so give Rahool more of a selection.

Raids – Just let people run the old raids and raid lairs and have gear drop like normal. You don’t get raid gear fast enough to make this a farming problem, so if people really want to hunt for good rolls on old gear this way, let them. Who cares.

Year 1 Crucible, Iron Banner and Vanguard sets – Allow players to pick between turning in tokens for old sets or new ones. If you want to encourage people to give the new set a shot, make getting the old set like, twice as expensive or something in terms of how many tokens gets you a piece. But it would still be a way to acquire stuff. Also periodically drop old gear as rewards in those activities.

Destiny 2Bungie

Trials – I do not have a great answer for this one. Given that Trials no longer exists, these sets may have to stay dead. You could do something crazy like offer Xur 150 shards for one random piece of Trials gear you’ve already acquired, now with rolls, but this is a tough one given that the activity is just not in the game at all.

Escalation Protocol – Literally nothing needs to change. Just let people keep grinding it for random EP gear, it’s probably the best damn armor in the game. I never completed it enough to get full sets back when it was relevant, but at 650 power I sure have now even with just a couple randoms, and it’s a bummer that gear is just pointless now (outside of the weapons).

Solstice Gear – Another tough one because this was a one-time-only event. At the very least, just give everyone random rolls on the pieces they still have. They might suck, but at least they’d have the potential to use them. I’m not sure how more rolls would work for these unless there was some sort of grand re-roll mechanic for everything, but that’s an issue for another day.

Destiny 2Bungie

Eververse/Holiday sets – You may have heard my philosophy that putting armor in Eververse at all is BS and all of this stuff should just be in the general loot pool. Put all old sets in there now with random rolls, and stop doing limited time only sets that are literally impossible to effectively farm for rolls.

The other, easier solution to all of the above is just to allow armor transmogrification, meaning you can pay some currency to make any rolled armor you want look like any piece of gear you’ve acquired. This may be the easiest fix if you don’t want to jump through all the above hoops, and I’ve already written about that extensively.

I don’t know if I’ve covered every old armor set in the game here, but that’s a good chunk of them. There is a way to make this work, and it really makes no sense that A) Bungie would take so time designing this stuff and B) players would take so much time earning it only to have be made irrelevant in a year’s time. That isn’t how loot-based games like this are supposed to work, and there are fixes here if Bungie wants to pursue them.

[“source-forbes”]

CAT 2018 Exam Concludes, Results In January; Read Slot 2 Analysis Here

CAT 2018 Exam Concludes, Results In January; Read Slot 2 Analysis Here

CAT 2018 analysis: Slot 2 over, results expected in January

New Delhi: The CAT 2018 slot 2 exams were started at 2.30 PM and by 5.30 PM today. With this, the CAT 2018 or Common Admission Test 2018 for the admission of various Indian Institutes of Management (IIMs) across the country is over now. While commenting on the difficulty level of the CAT 2018 slot 2, an expert said the both the slot 1 and slot 2 were similar in nature while VARC and DLIR sections were bit tougher in the afternoon session. A candidate who attended the exam said, in the CAT 2018 slot 2, the DLIR questions were tougher than other two sections.

IIM Calcutta, the official organisor or IIM CAT 2018, conducted this prestigious management entrance exam for more than 2 lakh students in various centres across the country in two slots or shifts. The first shift was concluded on 12.15 pm in the afternoon today.

[“source=cnbc”]

Honor Magic 2 With Sliding Camera, FullView Display, Kirin 980 SoC, 40W Magic Charge Support Teased at IFA 2018

Honor Magic 2 With Sliding Camera, FullView Display, Kirin 980 SoC, 40W Magic Charge Support Teased at IFA 2018

Honor showed up at IFA 2018with a surprise this year – Magic 2

HIGHLIGHTS

  • Honor Magic 2 to come with a ‘Magic Slide’ camera
  • The smartphone will be powered by a Kirin 980 SoC
  • Magic 2 also comes with the 40W Magic Charger

Honor is jumping on the sliding camera bandwagon with its Magic 2 smartphone. During its event at IFA 2018 in Berlin, the Huawei sub-brand teased a smartphone called Honor Magic 2 that is claimed to come with a bezel-free display by leveraging a sliding camera functionality. The handset is a successor to the Honor Magic that was launched back in 2016 with display curves and AI-based features. The Magic 2, meanwhile, comes with a ‘Magic Slide’ feature that enables the phone to have a nearly 100 percent screen-to-body ratio.

At the IFA trade show, Honor only showed the Magic 2 briefly onstage. The successor to Magic phone did not get a proper announcement, but Honor President George Zhao teased some of the key features. However, the company did not provide too much information regarding the price, specifications, and availability of the smartphone. A zoomed-in image from Honor’s event shared by GSMArena, showcases the interesting-looking device that lacks any bezels or notches.

The most interesting feature in the Honor Magic 2 is its FullView display. There are no display notches or any significant chin at the bottom. It resembles the Oppo Find X that was launched earlier this year. Xiaomi has also recently teased a Mi Mix 3 with an “all-screen” display that moves the frontal paraphernalia to the slider behind the screen. Interestingly, as per the images, unlike the Find X, the Honor Magic 2’s camera slider appears to open manually. However, it may also be due to it being just an engineering sample and not a final product.

Additionally, the Honor Magic 2 will be powered by a Kirin 980 processor. At the same event, Huawei had launched the HiSilicon Kirin 980 as the ‘world’s first commercial 7nm SoC’. Compared to the previous generation 10nm process, the 7nm process is said to deliver 20 percent improved SoC performance and 40 percent more efficiency. Also, the Honor Magic 2 will come with a 40W ‘Magic Charge’ fastcharging technology. It is claimed to be very fast and safe. Honor, in a press release, said, “to further ensure safety, 15 layers of protection are also embedded in the smartphone. The phone can automatically identify the battery, cable and charger and only when all of the three parts are identified as safe, the Super Charger will start.”

“The launch of Honor Magic two years ago introduced the concept of the AI smartphone to consumers”, noted Zhao. “The first-generation Honor Magic was an era-defining smartphone that transformed the industry. In addition to AI-features that make the phone truly smart, Honor Magic’s ground-breaking all-curved panel design and powerful 40W charging support have reshaped smartphone design and become a benchmark for all smartphones. The developments of these futuristic flagship devices are closely followed by the smartphone and AI industry, and now the Honor Magic 2 has arrived.”

[“Source-gadgets.ndtv”]