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Hi,Thank you and That's a good question. Lets just jump right into it:1. What are Best Small Cap Mutual Funds?The market capitalization of a company is determined by the market value of its outstanding shares. The size of the company is an important criterion when selecting equity portfolios. This is because, depending on the size of the company, the portfolio would have its unique set of opportunities and risks.2. Who should invest in Best Small Cap Mutual Funds?Best Small Cap Mutual Funds invest predominantly in small companies and small-cap stocks that have the potential for growth. These stock can double or triple in a short span of time of just a few years, but this also implies that the return from these funds is subject to high volatility. Hence, if you want to invest in small cap stocks you would be better off to invest in small cap funds to diversify your portfolio of small cap stocks and minimize the volatility. As an investor, if you are not averse to taking high or moderate risks, you can consider investing about 15 to 20 percent in small-cap funds for a period of 5 to 10 years.3. Things an investor should consider when investing in small-cap fundsBest Small Cap Mutual Funds are subject to risk and as an investor, you must weigh in the various components that affect the performance of these funds. You should take into consideration your age, your tolerance for risk, the objective of your investment and your investment horizon, etc. Enlisted are few other things to take into account before investing in these funds.a. The construction of the portfolioPick best Small Cap Mutual Funds that balance your portfolio. Try investing in funds that have the confidence of holding on like for example it is noted that successful funds tend to have portfolio turnover ratios of about less than 30 percent. It is wise to avoid funds that are more inclined towards the large cap or the top holdings in an inappropriate way.b. The past performance of the small-cap fundNote that when deciding, you can’t rely on just the very recent performance of the funds, no matter well it did. You must take into consideration the performance of the fund through both the bullish and the bearish market cycle. Get hold of the past 5 years returns of the fun and compare its performance with other similar funds over the course of the long run. If you find a fund that has been consistent in all market conditions and cycles, it can be considered.c. Check the P/E RatioLooking at the P/E ratio will give you an idea as to how much risk your fund is taking. Best Small Cap Mutual Funds that have a P/E ratio of above 30x are considered risky. It will also tell you by how much your fund is overpaying for growth.d. The Choice of a quality fund houseDo your research and pick those fund houses that carry a record of beating benchmark performances in both the high and the low market cycles. The ideal fund house must have an impeccable investment process along with technique to manage risk, an expert research team and good coverage. If you seek further information on the same, reach out to ClearTax and our expert advisors will guide you.e. Know what your options areYou must decide between risk and reward. Explore options that allow your small-cap fund the flexibility to hold high cash or even invest in the mid and large-cap stock. Doing this will no doubt slower the returns on your fund as compared to the returns with the small cap, but you will get to hold more cash.f. Get an experienced Fund ManagerSeek the advice of an experienced and expert fund manager as choosing small-cap funds requires qualitative analysis. The fund manager must also have a strong performance record.g. The returns must be risk-adjustedThere is no doubt that small-cap funds carry risk but there are funds that can manage risk better than their peers. Seek out options and the potential of garnering good returns from various schemes with low volatility.4. How to evaluate your Best Small Cap Mutual Funds?As an investor, you must look at certain financial ratios to evaluate your funds. Some of the important ratios to be considered are as follows:a. Standard DeviationStandard deviation measures the dispersion of a set of data from its mean or average. In finance, standard deviation denotes the annual rate of return on any investment and also highlights the volatility of the investment. A stock with a higher standard deviation has a larger price range and indicates higher volatility as compared to a stock with a low standard deviation.b. Sharpe RatioThis ratio measures the risk-adjusted rerun of a portfolio. A financial portfolio that has a higher Sharpe ratio is seen as a relatively superior portfolio as compared to its peers. Sharpe Ratio = (Average Fund return – Risk-free Rate)/ Standard deviation of the fund returnsc. R-SquareR-Square shows the percentage of fund returns that are in line with the benchmark returns. The value of R-Square lies between 0 and 1 and is reflected as percentages from 0 to 100 percent. If a fund has an R-Square of 100 percent it means that its securities’ movements are explained by the movements in the index. A higher value of R-squared indicates a far more useful beta figure. Example: A fund is said to be offering a higher risk-adjusted return if it has an R-Square value that is close to 100 percent but its Beta is below 1.d. BetaBeta is indicative of a funds sensitivity to the correlated movements of a benchmark. If a benchmark has a Beta of 1.0 it means that is exactly as volatile as the benchmark. If a fund has a Beta of say, 0.70 or less, it means that it is 30 percent less volatile and if it the Beta is 1.30, it shows that the fund is 30 percent more sensitive than the benchmark.e. AlphaAlpha is a measure of an asset manager’s ability to make a profit when a benchmark is also registering a profit. Alpha can be either less than, equal to or more than 1.0. The higher this number, greater is the ability of the manager to make profits from the movements in the benchmark.5. Advantages and Disadvantages of Best Small Cap Mutual FundsA. Advantages of investing in best small cap mutual fundsHistorically Best Small Cap Mutual Funds have shown to provide exponential growth and return if they pick up the right stocks. Given that these stocks are relatively less scrutinized and traded by large investors, there is also a good chance of discovering some undervalued stocks among small-cap companies for small-cap funds.B. Disadvantages of investing in small-cap fundsSmall-cap funds are high risk and highly volatile instruments as compared to ELSS or large cap equity-oriented funds. Considering the risk factor, small-cap funds are not suited for the novice investor but is ideal for a seasoned investor or those that have a high-risk appetite. It is also hard to find dividends among small-cap funds because smaller companies tend to reinvest any profits on growing their business, unlike larger companies. The timing of buying and selling of these funds plays a crucial role.Unless actually required, I would not encourage to put the entire 10k ( assuming that’s the total SIP you are doing) into small caps. They are exposed to a higher risk.

It’s variable between regions, but it’s bound to take a long time mainly because of the unknown variables in the procedural pathway.In my estimation even as an ex-English lawyer, it looks like it would take at least 60 days.Consider the procedural requirements:—The legal act of name change is via deed poll, and applicable only to the Italian citizen. Foreign nationals in Italy cannot change their names under Italian law but in their own national laws.The deed-poll procedures and ease of name change vary between Italian provincial jurisdictions.GOVERNING LAW & BODYName change in Italy is governed under the primary legislation of Presidential Decree 396 [3 November 2000] — Decreto del Presidente della Repubblica 3 novembre 2000, n. 396. The relevant parts are Articles 84 to 94.Name change carried out in Italy is regulated under the secondary legislation of the Regulations on Civil Status [2000] — Regolamento per la revisione e la semplificazione dell’ordinamento dello stato civile (DPR 3 novembre 2000, n. 396) entered into force on 31 March 2001.Name change carried out overseas will only be officially recognised in Italy if it satisfies the provisions of Law 218/1995 (Legge 31 maggio 1995, n. 218) entered into force on 1 September 1995.GOVERNING BODYThe Ministry of the Interior (Ministero dell’Interno) is the responsible government department. It is the statutory examiner of applications. The Interior Minister is the statutorily responsible person for legalising any application.Ministero dell’InternoPiazza del Viminale n. 1ROMA 00184Main switchboard +39 (0)6 4651Incredibly, the ministry’s website is almost always offline.OPERATIONAL RESPONSIBILITYThe provincial Prefect is operationally responsible for examining and authorising the application.This means the application must be submitted to the proper Prefettura-UTG (la prefettura: ufficio territoriale di governo). Two choices for determining proper jurisdiction:—the province of birth registration as indicated in the birth certificate; orthe province of registered residence (registro dello stato civile).GENERAL ASSESSMENT CRITERIAThe provincial Prefect examines the application for being “objectively relevant” (supported by judicial, significant or exceptional reasons and adequate documentation). This means the new name cannot be of historical importance, or suggestive of illustrious families, or a geographical connection with the applicant’s birth or residence.REQUIRED DOCUMENTATION & INFORMATIONThe required documents and information for application are:—Request addressed to the Minister of JusticeApplication addressed to the Registrar or the provincial PrefectIdentity card (original and photocopy)Birth certificate (or citizenship/immigration documents) (original and photocopy)Certificate of Criminal Record (original and photocopy)Your full name as listed in the birth certificateYour new full name applied forDate and place of birthMarital status and details (including documentation)Place(s) of residence for the past 3 months before applicationCurrent postal address for correspondenceName and address of your lawyer (avvocato), if you have onePROCEDURAL OVERVIEW(1) Start by making an affidavit (“Dichiarazione sostitutiva di atto notorio”). This confirms that you have no judicial charges pending in Italy and are in compliance with local laws. Include a photocopy of your valid Italian passport or identity document — plus those indicated above.(2) If the name change involves changing the surname too, then include the written consent of any affected family member (parents, spouse, adult children, etc). Include photocopies of their identity documents.(3) Submit the application and documentation to the proper Prefettura-UTG. Postal application is supposed to be available, but impossible in reality (because of below).(4) Sign the application in the presence of a P-UTG officer. The officer will check through the documentation against your originals. The application is then ‘received’ for processing.The first block of unknown time(5) The provincial Prefect (or the Ministry of the Interior) will examine the merits of the application. The internal processing goes up the chain to the Interior Minister or his delegate, which will decree to consent the application.Note that ‘consent’ doesn’t mean ‘approve.’The Prefect’s or the Interior Minister’s decree is final and conclusive — no appeals or reapplication.If your application is perfect in every possible way, assume 30 days is the quickest possible time for this step.Public notice period of 30 days(6) If the Prefect or the Interior Minister consents to the application, they will decree the issue and display of a 30-day public notice summarising the application at the relevant municipal town hall or local government office (or consular board if overseas).The local authority will formally confirm the posting of the public notice to the Prefect or the Interior Ministry.The provincial Prefect or the Interior Minister may decree additional notices to be sent to any relevant parties (e.g. employer, banks, healthcare providers, schools, relatives, etc).(7) If the local authority receives no objections to the application during the public notice period, then the Prefect will issue a new decree (the final decree) stating the name change and registering the new name into the civil registry.If objection, then another 30 daysDuring the above public notice period, anyone who objects to your application has to file an appeal to the provincial Prefect or the Interior Minister no later than 30 days from the last date of the public notice posting. This means the public notice period effectively becomes at least 60 days.Final wordAs you can see from the overview above, you can count on at least 60 days if everything goes perfectly. I personally suggest 100 days to be on the safe side.

So, the core and basis of the ERP system is accounting. Every transaction from every department is recorded and the financial implications register in accounting.A salesman enters a Sales Order (SO) - the transaction hits accounts receivable according to the terms of the agreement. Inventory (if that’s what is sold) gets decremented - or we assume a liability for services yet to be rendered (SaaS subscriptions). Cash is booked as it’s received. Revenues are recognized as they’re earned and so on.A Work Order (WO) is entered. The raw materials are checked (in future position) to determine if we’ll have enough screws to assemble the skateboards we’re planning to make and if we won’t have enough on that day, a Purchase Order is suggested in time for screws to be here when we start that production line.Every element that happens is measured by the financial impact on the company. WO’s PO’s, SO’s - A/R - with cash flow reporting, A/P and so on.Of course controls are in place so finance can check the SO before posting to the GL because salesguys don’t always have good number skills - but it all flows.And it turns accounting from a historical view of what happened as we input paper receipts, forms and documents from days past into a instant view of what’s going on right now - as that delivery truck arrives, as that shipment leaves the dock, as that sale takes place entered remotely - backward looking to a now perspective.We could go on about the importance and use, but you should be beginning to see the shift from accounting software to ERP software. And I’m not an accountant, as any accountant reading paragraph two will instantly surmise - but it’s a simplified layman’s explanation for the non-financial.