Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Wednesday, 14 August 2024. My name is Nelson John.

A series of explosions in South Korea has prompted discussions in Mumbai about a ban on charging electric vehicles in basements. Alisha Sachdev explains that since EV charging involves high-voltage electricity, such discussions are paramount to the safety of those who live in such buildings. Automakers have been asking for regulation on this front ever since EVs went mainstream in India. The government has taken up the mantle of creating public charging infrastructure, but hasn't formed any regulations about safer charging at home.

Another EV-related story for you: this time, about BluSmart. If you haven't heard about it, BluSmart is an EV-only cab service operating in NCR and Bangalore. Anmol Jaggi, the founder of BluSmart, is happy with the company's growth and progress. But he has one big problem: The lack of sufficient charging infrastructure. Sumant Banerji writes that, unlike their petrol and diesel counterparts, BluSmart's EVs have a considerably higher downtime. Moreover, BluSmart also owns its entire fleet, as opposed to a commission model by Ola and Uber. This is a capital-intensive setup. In his Long Story, Sumant lists out the challenges and opportunities for BluSmart. Cab hailing is already a cash-burning business; BluSmart's current business model doesn't allow for much headroom to change a lot at the moment.

According to the Securities and Exchange Board of India, or Sebi, a registered investment advisor needs to be at least 21 years old. But Sebi's jurisdiction ends when you type youtube.com. Here, teenagers can give you advice too. Sashind Ningthoukhongjam writes about kids as young as 13 advising investors to try out futures and options, or F&O, trading. They boast of turning the share market into a "sure market", with annual returns of over 36%. While Sebi has strictly dissuaded F&O trading, that doesn't stop these kids from promising their viewers the moon with their investing tips.

It's not just F&O trading that has picked up in India. Take, for example, factor funds. In July, more than 26,000 crore rupees has been invested in this kind of funds. Factor funds track attributes like size, value, momentum, and volatility to try and offer better returns to investors. Dipti Sharma writes about the rise of factor funds, which are growing in size as well as in number. These funds have risen more than 15% so far this year, as opposed to the Nifty's 12%. Read this story to see if it’s worth investing in these funds.

At some point, over the last couple of years, everyone started wearing a smartwatch. Watches that just showed the time and perhaps date were passe; now, you could know your heart rate, step count, and even pick up calls with a digital watch. In 2021, more than 12 million smartwatches were sold in India, writes Shouvik Das. In 2023, this figure jumped to 50 million. But now, smartwatch makers have run into a problem: market saturation. It seems like everyone who wanted one, has one. Buyers now only have demand for the expensive watches made by Apple or Samsung. Meanwhile, the demand for cheap smartwatches has cratered. Shouvik writes that this has become a problem for companies such as Boat and Noise.

Show notes:

Why India needs safety protocols for EV charging

Low battery: The biggest challenge hindering all-electric cab company BluSmart

Meet the new YouTube finfluencers: teens ‘making 36-40%’ returns trading options

Indian investors are discovering the power of factor investing

Indians loved to flaunt their budget smartwatches. Not any more.