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By:

Kaustubh Kale

10 September 2024 at 11:37:15 pm

Modak and the Art of Investing

As the aroma of freshly steamed Modaks fills homes during Ganesh Utsav, the festive spirit comes alive instantly. My mouth is already watering at the thought! The humble Modak, prepared with love to honour Lord Ganesha, may look simple from the outside. But anyone who has tried making one knows that a good Modak depends on several things coming together - the right ingredients, the right recipe, patience with the process, and finally, enjoying the result. Investing is surprisingly similar....

Modak and the Art of Investing

As the aroma of freshly steamed Modaks fills homes during Ganesh Utsav, the festive spirit comes alive instantly. My mouth is already watering at the thought! The humble Modak, prepared with love to honour Lord Ganesha, may look simple from the outside. But anyone who has tried making one knows that a good Modak depends on several things coming together - the right ingredients, the right recipe, patience with the process, and finally, enjoying the result. Investing is surprisingly similar. Choose the Right Ingredients A Modak is only as good as the ingredients that go into it. Fresh coconut, good-quality jaggery, properly prepared rice flour and the right flavours all contribute to the final result. Our investments and financial products are the ingredients of our financial plan. Equities, mutual funds, fixed income, gold and other investments each have a specific role to play. The objective is not to pick whatever appears most exciting at the moment, but to select suitable, good-quality investments that match our financial goals, time horizon and ability to take risks. Health and life insurance are equally important ingredients. Adequate coverage helps protect savings, the family, and their financial goals and dreams. Good ingredients provide the foundation. But ingredients alone are not enough. Get the Recipe Right You may have the finest ingredients in the kitchen, but if the proportions are wrong, the Modak may still not turn out well. The same applies to investing. Asset allocation is the recipe of a financial plan. Too much of one ingredient can spoil a Modak. Similarly, excessive concentration in one asset or too much money in low-return products can spoil a portfolio. Balance is key. A thoughtfully constructed portfolio brings different investments together in the right proportions. To keep asset allocation very simple - short-term goals can be planned through bank fixed deposits, recurring deposits and debt mutual funds. For long-term goals, one can consider hybrid mutual funds, equity mutual funds or direct stocks. Trust the Process Once the Modak is shaped and placed for steaming, constantly checking whether it is ready will not make it cook faster. Investors often make the same mistake. We keep checking markets, reacting to every correction, chasing recent performers or changing strategies because of short-term noise. Good investing requires patience and discipline. Invest regularly, review periodically and allow your financial plan enough time to work. Compounding is powerful precisely because it rewards those who remain invested for long periods. Sometimes, the best thing an investor can do is simply avoid unnecessary interference. Enjoy What You Have Created Finally comes the most important part - eating the Modak! The purpose of investing is not merely to accumulate the largest possible number on a statement. Wealth should eventually help us fulfil our goals, support our families, create financial security and enjoy life with greater peace of mind. A good Modak needs the right ingredients, the right recipe and trust in the process. A good investment journey needs exactly the same. This Ganesh Utsav, may Bappa bless us with the wisdom to make good financial choices, the patience to stay disciplined, and the prosperity to enjoy the fruits of our efforts. Ganpati Bappa Morya! (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Domestic Reckoning

Dec 21, 2025
2 min read

Indian cricket has rarely lacked confidence. Nor has it ever been short of money. What it has occasionally lacked, most recently and painfully at home, is humility. The Board of Control for Cricket in India’s (BCCI) decision to compel all centrally contracted players to turn up for at least two matches of the Vijay Hazare Trophy is an overdue admission that the country’s cricketing superstructure has grown detached from its foundations.


The immediate provocation for the move lay in India’s shocking defeats at home against first New Zealand, and most recently South Africa - losses that were unprecedented. For decades, India had turned home conditions into a near-insurmountable advantage as spinning tracks tamed visiting batsmen and victories at home were treated as a birthright rather than an achievement. That certitude has now evaporated. The defeats exposed a side no longer reliably dominant against spin, uncertain in defence, impatient in innings construction and disturbingly prone to collapse. Years of IPL and T20 cricket have eroded the techniques once honed through long domestic seasons.


As a result, the BCCI has now cracked the whip by sending its star players to Rajkot, Cuttack and Indore - to the unglamorous, sparsely televised arenas of the Vijay Hazare Trophy. Playing domestic cricket, the board has made clear, is no longer optional.


In the age of the T20 gold rush, the modern Indian cricketer is among the most handsomely compensated athletes in the world. The Indian Premier League has compressed an entire career’s earnings into two frenetic months. The risk, long warned of and now realised, is that the longer test formats begin to feel like a chore.


The Hazare mandate seeks to restore balance. One-day domestic cricket, played without cheerleaders or television auctions, forces batters to build innings and bowlers to work through spells. It demands patience, adaptability and resilience.


The symbolism matters too. By insisting that Virat Kohli and Rohit Sharma turn up alongside Shubman Gill and Suryakumar Yadav, the BCCI has defused the perception that senior players are being singled out for ritual humiliation. Rules, in this instance, apply to everyone. That is healthy for a dressing room increasingly stratified by fame and franchise value.


None of this should be overstated. Two matches of domestic cricket will not, by themselves, repair technical flaws or arrest decline. Nor will they roll back the commercial logic of modern cricket. The T20 format is not going away. After all, it has broadened the game’s reach and underwritten its finances. But when it becomes the organising principle of a cricketing culture, the harmful consequences that hamstring real cricket – the long form – are predictable.


The Hazare directive is an acknowledgment that excellence must be reacquired the old-fashioned way: by playing for your state, on imperfect pitches, against hungry opponents, with little reward beyond professional pride.


For a board often accused of excess and indulgence, this is a rare act of restraint.

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