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Baqar Iftikhar

Baqar Iftikhar Naqvi  |112 Answers  |Ask -

Start-up Mentor - Answered on Jan 25, 2023

Baqar Iftikhar Naqvi is the founder and CEO of Upriver Ecommerce, an online sales accelerator firm and can guide entrepreneurs on how to make their firms grow.He holds a BTech in textile technology from the Central Textile Institute and has a master's degree in marketing and merchandising from the National Institute of Fashion Technology.He has 23 years of experience in the consumer products and retail industry.... more
Asked by Anonymous - Jan 25, 2023Hindi
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Hello Sir I am a working professional and would like to start a small boutique in Mumbai. My investment would be around Rs 15 lakhs. What is the process to set up a small apparel shop? What people should I hire? Pls guide

Ans: Hi, You would need a tailor/ person who can measure and do fittings for the customer. Apart from that you may need 1-2 sales and billing people. In terms of processes, you need to detail what all key activities will be done at the store and define the standard processes for the same. Some important ones are - Store management- which includes store opening & closing, daily operations, customer management, billing, cash management etc. Also you need to have an inventory management and reconciliation process.
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Shekhar

Shekhar Kumar  |145 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 15, 2024

Asked by Anonymous - Apr 11, 2024Hindi
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How to take retail business in readymade Garments on line step by step advice required
Ans: Starting an online retail business in ready-made garments can be an exciting venture. Here's a step-by-step guide to help you get started: You should begin by researching the online retail market for ready-made garments then identify your target audience, competitors, popular trends, and potential demand for your products. Use this information to refine your business idea and develop a unique selling proposition (USP). Outline your business objectives, target market, product range, pricing strategy, marketing plan, and financial projections in a comprehensive business plan. This will serve as a roadmap for your online retail venture and help you secure financing if needed. Register your business with the appropriate authorities and obtain any necessary licenses or permits to operate an online retail business. Ensure compliance with local regulations related to e-commerce, taxation, and consumer protection laws.

Source high-quality ready-made garments from reliable suppliers or manufacturers. Establish relationships with wholesalers, distributors, or fashion designers to ensure a consistent supply of inventory for your online store. Choose an e-commerce platform to host your online store. Popular options include Shopify, WooCommerce, BigCommerce etc. Select a platform that aligns with your budget, technical expertise, and customization needs. Design and develop your online store using the chosen e-commerce platform. Customize the website layout, colors, fonts, and navigation to create a visually appealing and user-friendly shopping experience for your customers. Ensure that your website is mobile-responsive for seamless browsing on smartphones and tablets. Create detailed product listings for each item in your inventory. Include high-quality images, accurate descriptions, sizing charts, and pricing information to help customers make informed purchasing decisions.

Organize your products into categories and subcategories for easy navigation. Set up secure payment processing for your online store by integrating payment gateways such as PayPal, Stripe, or Square. Offer multiple payment options to accommodate customer preferences and ensure a smooth checkout process. Determine your shipping strategy, including shipping rates, delivery methods, and shipping zones. Partner with reliable shipping carriers or fulfillment centers to handle order fulfillment, packaging, and shipping logistics. Provide tracking information to customers for order transparency and peace of mind. Develop a comprehensive marketing plan to attract customers to your online store. Utilize digital marketing channels such as social media, email marketing, search engine optimization (SEO), and pay-per-click (PPC) advertising to increase visibility and drive traffic to your website. Consider offering promotions, discounts, and loyalty programs to incentivize purchases and foster customer loyalty. Prioritize excellent customer service to build trust and credibility with your customers. Provide multiple channels for customer support, such as email, live chat, and phone support. Respond promptly to inquiries, address customer concerns, and strive to exceed customer expectations at every touchpoint. Monitor your website performance and track key metrics such as website traffic, conversion rates, and sales revenue using analytics tools like Google Analytics. Use this data to identify areas for improvement, optimize your website for better performance, and make data-driven decisions to grow your online retail business.

Launching and growing a successful online retail business in ready-made garments requires dedication, perseverance, and continuous innovation. Stay adaptable, keep up with industry trends, and always prioritize the needs and preferences of your customers to build a thriving online brand. Best of luck! Feel free to contact me on Rediff Gurus if you need further assistance or help.

..Read more

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Ramalingam

Ramalingam Kalirajan  |5187 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

Asked by Anonymous - Jul 14, 2024Hindi
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Sir,pls review my MF portfolio and give your review and advice. I have in my portfolio 5 L in Baroda pnd paribas multi asset,2 L sbi balanced advantage,2 HDFC manufacturing fund,2 bandhan innovation MF,1 sbi psu fund,1 sbi next 50 index fund,2 L HDFC multicap,3000sip in sbi 250small cap index fund,3000 sip in ICICI bluechip fund,3000 sip in motilal oswal midcap fund.
Ans: Review of Your Mutual Fund Portfolio
Let's assess your current mutual fund portfolio and provide suggestions to optimize it.

Current Portfolio Breakdown
Baroda BNP Paribas Multi Asset: Rs 5,00,000
SBI Balanced Advantage: Rs 2,00,000
HDFC Manufacturing Fund: Rs 2,00,000
Bandhan Innovation Mutual Fund: Rs 2,00,000
SBI PSU Fund: Rs 1,00,000
SBI Next 50 Index Fund: Rs 1,00,000
HDFC Multicap Fund: Rs 2,00,000
SIP in SBI 250 Small Cap Index Fund: Rs 3,000 per month
SIP in ICICI Bluechip Fund: Rs 3,000 per month
SIP in Motilal Oswal Midcap Fund: Rs 3,000 per month
Analysis and Evaluation
Diversification:

Your portfolio includes a mix of equity, balanced, and sector funds.
This diversification helps in risk management.
Sector Funds:

HDFC Manufacturing Fund and SBI PSU Fund are sector-specific.
Sector funds can be risky due to lack of diversification.
Index Funds:

SBI Next 50 Index Fund and SBI 250 Small Cap Index Fund are passive investments.
Index funds do not outperform the market and lack active management.
Balanced Advantage Fund:

SBI Balanced Advantage Fund balances equity and debt.
This provides stability during market volatility.
Multicap Funds:

HDFC Multicap Fund offers diversification across large, mid, and small caps.
This reduces concentration risk.
Recommendations
Reduce Sector Exposure:

Consider reducing your investment in sector funds like HDFC Manufacturing and SBI PSU Fund.
These funds are less diversified and can be volatile.
Shift from Index Funds to Actively Managed Funds:

Index funds like SBI Next 50 and SBI 250 Small Cap Index Fund lack active management.
Actively managed funds can potentially offer better returns.
Increase Exposure to Actively Managed Funds:

Increase investment in actively managed funds such as multicap, large-cap, and mid-cap funds.
These funds are managed by professionals who can make informed investment decisions.
SIP in Balanced and Multicap Funds:

Continue your SIP in ICICI Bluechip and Motilal Oswal Midcap funds.
Consider adding more SIPs in balanced advantage or multicap funds.
Diversify Across Asset Classes:

Continue investing in multi-asset funds like Baroda BNP Paribas Multi Asset.
These funds offer a mix of equity, debt, and other assets for better diversification.
Suggested Portfolio Allocation
Equity Funds:

Large Cap Funds: 30% of your portfolio.
Mid Cap Funds: 20% of your portfolio.
Multicap Funds: 25% of your portfolio.
Reduce sector funds to 10% of your portfolio.
Balanced Funds:

Balanced Advantage Funds: 15% of your portfolio.
Multi-Asset Funds:

Continue with Baroda BNP Paribas Multi Asset.
Final Insights
Your portfolio is well-diversified but can be optimized by reducing sector-specific and index funds. Increase allocation to actively managed large, mid, and multicap funds. This strategy will potentially enhance returns and manage risks better. Regularly review and rebalance your portfolio to stay aligned with your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5187 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

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I am 30 years(90's kid), single having 17 lacs in equity oriented mutual fund growth options, 2 Lacs in retirement benefit fund in HDFC MF growth and 15 lacs in HDFC balanced fund dividend payout for passive income. Rs.5 Lacs in PPF with annual subscription of 10k along with health insurance for Rs.10 Lacs term insurance for 1.5 cr. And traditional insurance for 4 lacs. I have no loan commitment or financial commitment and a conservative minimalist. I am living in rented house and decided not to buy house/flat. I can accomodate 10,000 monthly sip. May I request you please to suggest me whether to invest in growth fund or dividend payout
Ans: Assessing Your Current Financial Situation
You are 30 years old, single, and have no financial commitments. You have diversified investments and insurance coverage.

Existing Investments Overview
Equity-Oriented Mutual Funds: Rs. 17 lakhs in growth options
Retirement Benefit Fund in HDFC MF: Rs. 2 lakhs in growth options
HDFC Balanced Fund: Rs. 15 lakhs in dividend payout for passive income
Public Provident Fund (PPF): Rs. 5 lakhs with annual subscription of Rs. 10,000
Health Insurance: Rs. 10 lakhs
Term Insurance: Rs. 1.5 crores
Traditional Insurance: Rs. 4 lakhs
Financial Goals and Risk Appetite
Given your conservative and minimalist lifestyle, your goal is likely to grow your wealth while maintaining stability and security.

Monthly SIP Investment Strategy
You can accommodate a monthly SIP of Rs. 10,000. The choice between growth funds and dividend payout depends on your financial goals.

Benefits of Growth Funds
Growth funds reinvest the profits back into the fund. This helps in wealth accumulation over time.

Wealth Accumulation: Helps in growing your investment corpus over time.
Compounding: Reinvested earnings grow and compound over the long term.
Tax Efficiency: No tax on reinvested earnings until you sell the investment.
Benefits of Dividend Payout Funds
Dividend payout funds provide regular income through dividends. They are ideal if you need periodic income.

Regular Income: Provides periodic income through dividends.
Lower Market Volatility Impact: Less impacted by market volatility since dividends provide regular cash flow.
Reinvestment Option: You can reinvest dividends back into the fund if not needed.
Recommendations for Your SIP
Considering your conservative approach and need for growth, a mix of growth and dividend payout funds can be beneficial.

Growth Funds: Allocate a portion of your SIP to growth funds for long-term wealth accumulation.
Dividend Payout Funds: Allocate another portion to dividend payout funds for regular passive income.
Suggested Allocation
Growth Funds: Invest Rs. 6,000 monthly in growth-oriented mutual funds.
Dividend Payout Funds: Invest Rs. 4,000 monthly in dividend payout mutual funds.
Additional Considerations
Review Insurance: Ensure your health and term insurance are sufficient for your needs.
Emergency Fund: Keep an emergency fund of at least 6 months’ expenses in a liquid instrument.
Regular Review: Periodically review and adjust your investments based on your financial goals and market conditions.
Final Insights
Balancing growth and dividend payout funds can offer both wealth accumulation and regular income. Regularly review your investments and consult a Certified Financial Planner for personalized advice.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5187 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

Asked by Anonymous - Jul 14, 2024Hindi
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Lumpsum investment pls advise good funds Sip investment which good funds Tax savind mutual.fund which is good fund Pls advice am 50yrs pf age want the fund giv g gopd returns in 5 to 8 yrs
Ans: Investing a lumpsum amount requires careful planning. Given your age and goals, it's important to balance risk and return. Here are some recommendations:

Diversified Equity Funds:

These funds invest in a mix of large, mid, and small-cap stocks.
They offer potential for high returns.
Suitable for a 5-8 year investment horizon.
Actively Managed Funds:

Actively managed funds aim to outperform the market.
Professional fund managers select stocks based on research.
They can provide better returns than index funds.
Debt Funds:

For lower risk, consider debt funds.
These invest in fixed-income securities.
Suitable for short to medium-term goals.
SIP Investment
Systematic Investment Plans (SIPs) help in disciplined investing. They also benefit from rupee cost averaging. Here are some options for SIP investments:

Large Cap Funds:

Invest in large, stable companies.
Lower risk compared to mid and small-cap funds.
Suitable for consistent growth.
Mid Cap Funds:

Invest in mid-sized companies.
Potential for higher growth than large-cap funds.
Suitable for medium to high-risk investors.
Small Cap Funds:

Invest in small companies with high growth potential.
Higher risk but can offer significant returns.
Suitable for long-term goals and risk-tolerant investors.
Tax-Saving Mutual Funds
Tax-saving mutual funds, also known as ELSS, provide tax benefits under Section 80C. They have a lock-in period of 3 years. Here are some benefits:

Equity-Linked Savings Schemes (ELSS):
Offer tax deductions up to Rs 1.5 lakh.
Invest in equity markets for potential high returns.
Shortest lock-in period among tax-saving options.
Investment Strategy
To achieve good returns in 5-8 years, consider the following strategy:

Diversification:

Spread investments across equity, debt, and tax-saving funds.
This reduces risk and maximizes returns.
Professional Guidance:

Invest through a Certified Financial Planner (CFP).
Regular funds through an MFD with CFP credentials offer support and professional advice.
Disadvantages of Index Funds
Index funds track a specific market index. However, they have some disadvantages:

No Active Management:

They replicate the index and cannot outperform it.
They miss out on potential gains from market inefficiencies.
Market Risk:

They are subject to overall market risk.
They do not protect against downturns in the index.
Benefits of Actively Managed Funds
Actively managed funds have several advantages:

Professional Management:

Experienced fund managers make investment decisions.
They can identify and exploit market opportunities.
Potential for Higher Returns:

Actively managed funds aim to outperform the market.
They can adjust their portfolios based on market conditions.
Final Insights
Investing at 50 requires a balanced approach. Focus on diversifying across equity, debt, and tax-saving funds. Use SIPs for disciplined investing and consider actively managed funds for potential higher returns. Avoid direct investments and index funds due to their limitations. Seek guidance from a Certified Financial Planner to tailor your investments to your goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5187 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

Asked by Anonymous - Jul 23, 2024Hindi
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Hai sir I am working in The Singareni Collieries Company Limited My gross salary 65000 Net salary 45000/- In that 25500 are regular chit which at end in 05.02.2025 I had two kids and age is one month both. How to slip the income and start investment in sip and mutual fund. The income should get at the age 20 of my children for education
Ans: Assessing Your Current Financial Situation
You have a gross salary of Rs 65,000. Your net salary is Rs 45,000. You have two young children, aged one month each. Rs 25,500 is tied up in a regular chit, maturing on 05.02.2025.

Understanding Financial Goals
Your main goal is to save for your children’s education. You want the income to be available when they turn 20.

Income Splitting and Investment Strategy
To achieve your goal, a systematic investment approach is crucial. Consider splitting your income as follows:

Essential Expenses: Allocate funds for household and daily expenses.

Emergency Fund: Keep aside money for emergencies, about 3-6 months of expenses.

Investment in SIP: Start a SIP (Systematic Investment Plan) in mutual funds for long-term growth.

Benefits of SIP in Mutual Funds
SIP allows you to invest a fixed amount regularly. It helps in rupee cost averaging and compounding.

Disciplined Savings: SIP ensures regular savings without market timing worries.

Long-Term Growth: Equity mutual funds can offer higher returns over a long period.

Flexibility: SIPs can be started with a small amount and increased over time.

Choosing the Right Mutual Funds
Invest in actively managed funds through a Certified Financial Planner (CFP). Actively managed funds have professionals making investment decisions.

Active Management: Professionals actively manage the funds, aiming for better returns.

Research and Analysis: Fund managers conduct thorough research before making investments.

Performance Tracking: Regularly track the performance and make necessary adjustments.

Steps to Start SIP and Mutual Fund Investments
Here’s a step-by-step guide to start investing:

Assess Monthly Savings: After essential expenses and emergency fund, assess how much you can invest.

Select Funds: Choose a mix of equity and debt funds for a balanced portfolio.

Start SIP: Initiate SIP with the chosen mutual funds.

Review and Adjust: Periodically review your investments and adjust if needed.

Planning for Long-Term Goals
Your children’s education is a long-term goal. Starting early gives you the advantage of compounding.

Start Early: Begin investments as early as possible for better growth.

Regular Contributions: Ensure regular contributions to the SIP.

Review Goals: Review your financial goals periodically and adjust investments accordingly.

Evaluating Investment Options
While choosing funds, consider factors such as:

Fund Performance: Look at the past performance of the funds.

Fund Manager: Consider the experience and track record of the fund manager.

Expense Ratio: Lower expense ratios can lead to better net returns.

Final Insights
To achieve your goal, start investing in SIPs and mutual funds. Ensure regular contributions and periodic reviews. Consult a Certified Financial Planner for personalized advice.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5187 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

Asked by Anonymous - Jul 07, 2024Hindi
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Dear sir, My husband retaired from tyre factory He earned 1 Lack permonthly. We spend money for children education and we bought one house. Now my husband pension just 4000 and my salary 50k only. My two son are studying. How i will manage current economic situation. After retairement at the age what job he can do? Please give suggestion.
Ans: Current Financial Situation Analysis
Let's assess your current financial situation and explore potential solutions to manage it better.

Income Sources:

Your husband's pension: Rs 4,000
Your salary: Rs 50,000
Major Expenses:

Children's education
Household expenses
Housing costs
It seems that your combined income is Rs 54,000 per month. However, managing with this amount, given your expenses, is challenging.

Immediate Financial Management Steps
Budgeting:

Create a detailed budget. Include all expenses: education, groceries, utilities, and housing.
Track spending and identify areas to cut costs.
Emergency Fund:

Maintain an emergency fund. It should cover at least 3-6 months of expenses.
If you don’t have one, start building it slowly by saving a small amount each month.
Debt Management:

Prioritize paying off high-interest debts first.
Avoid taking on new debt if possible.
Increasing Income
Part-Time Jobs:

Your husband can explore part-time or freelance work. Options include consulting, tutoring, or clerical work.
Websites like Freelancer, Upwork, or local classifieds can offer opportunities.
Skill Development:

Invest in courses or training programs to enhance skills.
This can open up new job opportunities with better pay.
Utilize Assets:

If you have assets like property or gold, consider renting out space or selling non-essential items.
Education Planning
Scholarships and Grants:

Look for scholarships and grants for your children’s education. Many organizations offer financial aid based on merit or need.
Research online or consult school advisors for available options.
Education Loans:

Consider taking education loans if necessary. Choose options with favorable interest rates and repayment terms.
Investment Strategy
Mutual Funds:

Invest in mutual funds through a Certified Financial Planner. They provide professional management and diversify risk.
Opt for regular funds rather than direct funds. Regular funds offer professional advice and support from a CFP.
Avoid Real Estate Investment:

Given your current financial situation, avoid investing in real estate. It requires significant capital and is not liquid.
Actively Managed Funds:

Prefer actively managed funds over index funds. Actively managed funds have the potential for higher returns as they are professionally managed to outperform the market.
Long-Term Planning
Retirement Planning:

Ensure you are saving for retirement. Invest in options like PPF or NPS.
Consult a Certified Financial Planner to create a retirement plan tailored to your needs.
Insurance:

Ensure you have adequate life and health insurance coverage.
It protects against unforeseen circumstances and reduces financial burden during emergencies.
Final Insights
Managing your current economic situation requires careful planning and disciplined financial management.

Focus on budgeting, increasing income, and making informed investment choices. Seek scholarships for education and invest in mutual funds with professional guidance.

Your husband can explore part-time job opportunities to supplement the household income.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |5187 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

Asked by Anonymous - Jul 04, 2024Hindi
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Dear sir, I am a railway employee, I am covered under NPS Scheme, can I also open a vpf and PPF account simultaneously with my nps savings?
Ans: Assessing the Possibility of Multiple Savings Schemes
You are covered under the NPS Scheme. It's great to see you considering other savings options. Yes, you can open both a VPF and a PPF account simultaneously with your NPS savings.

Benefits of Opening a VPF Account
The Voluntary Provident Fund (VPF) is a good option. It offers the same interest rate as the EPF. Contributions are voluntary, and you can choose how much to invest.

Tax Benefits: Contributions to VPF are eligible for tax deduction under Section 80C.

Risk-Free Returns: The returns are guaranteed and risk-free.

Long-Term Savings: Helps in building a substantial corpus over time.

Benefits of Opening a PPF Account
The Public Provident Fund (PPF) is another excellent option. It is backed by the government, ensuring safety and stable returns.

Tax Benefits: Contributions to PPF are eligible for tax deduction under Section 80C.

Tax-Free Interest: The interest earned is tax-free.

Long-Term Investment: It has a lock-in period of 15 years, encouraging long-term savings.

Combining NPS with VPF and PPF
Combining NPS, VPF, and PPF can provide a balanced portfolio. Each scheme has its unique benefits. Together, they can help you achieve financial stability and security.

Diversification: Spreading your investments across these schemes reduces risk.

Tax Efficiency: Maximizes your tax benefits under different sections of the Income Tax Act.

Stable Returns: Ensures a mix of market-linked and fixed returns.

Professional Insight on Investment Strategy
It is prudent to diversify your investments. Each of these schemes offers different benefits and serves different financial goals.

Risk Management: NPS provides market-linked returns which can be volatile. VPF and PPF provide stability.

Flexibility: NPS allows partial withdrawals for specific needs. PPF has a lock-in but can be partially withdrawn after 7 years. VPF can be withdrawn under certain conditions.

Retirement Planning: These schemes together can create a substantial retirement corpus.

Additional Considerations
While these schemes offer many benefits, consider your financial goals. Assess your risk appetite and investment horizon.

Regular Monitoring: Keep track of your investments. Adjust them based on your financial goals and market conditions.

Consult a CFP: For a personalized plan, consult a Certified Financial Planner. They can help tailor an investment strategy to meet your specific needs.

Final Insights
Balancing NPS, VPF, and PPF can be a smart move. It provides a diversified portfolio with tax benefits, stability, and growth potential. Regularly review and adjust your investments to ensure they align with your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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