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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.)

Driving the change

Sep 23, 2025
3 min read

The nine days of Navratri celebrate goddesses who embody strength in different forms; valour, compassion, creativity, austerity, devotion, justice, protection, forgiveness and wisdom. In our annual Navratri series, we celebrate the lives of nine women who strive to build happy and safe spaces for themselves and those around them.


PART - 3


Name: Surekha Yadav | Where: Kolhapur, Maharashtra
Name: Surekha Yadav | Where: Kolhapur, Maharashtra

The history of Indian Railways spans more than 170 years, but only a few names shine as beacons of courage and transformation. One such name is Surekha Yadav, Asia’s first female loco pilot. When she will retire on September 30 after 36 years of service, she will be remembered not merely for her career highs but as a movement that redefined what women could aspire to achieve.


Born on September 2, 1965, in Satara, Maharashtra, Surekha grew up in a farming household as the eldest of five siblings. Responsibility came early, but so did resilience. From early childhood, Surekha displayed a keen interest in studies, especially in technical subjects—a field rarely pursued by girls at the time. At a time when girls’ education often ended at school, her parents encouraged her to pursue academics and she eventually earned a diploma in Electrical Engineering. This educational foundation, coupled with her family’s progressive outlook, gave her the courage to chase an unconventional dream. Her childhood reflects a blend of discipline, encouragement, and courage, which shaped her outlook and paved the way for her entry into a male-dominated profession.


When she applied to the Railway Recruitment Board in 1987, the very idea of a woman driving a train was unheard of. Yet, after six months of rigorous training at the Kalyan Training School, she began her career in 1989 as an Assistant Driver. That moment marked a milestone in Indian Railways—the entry of its first woman loco pilot.


The initial years of her career were far from easy. Working in a domain overwhelmingly dominated by men, she faced skepticism from colleagues and resistance from social norms. Yet she remained undaunted. Her patience, discipline, and above all, the unwavering support of her family gave her the strength to move ahead. She proved to the doubters that driving a train requires skill, dedication, and perseverance—qualities that are not bound by gender.


Surekha’s career steadily advanced through dedication and hard work. In 1996, she drove a freight train for the first time and four years later, became a motorwoman, later qualifying to drive trains in the challenging ghat (hill) sections of the Western Ghats—an achievement that even seasoned male drivers found demanding.


Her achievements saw her lead momentous train journeys—on the occasion of the International Women’s Day in 2011, she drove the iconic Deccan Queen train, earning recognition for her excellence. Ten years later, Surekha commanded a special train with an all-women crew, symbolizing empowerment across the country.


Surekha was chosen for coveted train rides when on March 13, 2023, she became the first woman to drive the much-awaited Vande Bharat Express from Solapur to Mumbai. The Indian Railways commemorated her pioneering service with a fitting final assignment in September 2025 when she piloted the Rajdhani Express. This event was described by railway officials as a tribute to her extraordinary service.


Surekha Yadav’s career reflects grit, persistence, and the refusal to accept limits imposed by tradition. She not only drove trains but also drove change, proving that competence knows no gender. Her story continues to inspire girls from small towns and villages, proving that determination can bridge the gap between modest beginnings and historic achievements.


Surekha is a reminder that true trailblazers pave the way for others to follow. Her name will remain etched in history as the woman who turned the railway tracks into pathways of possibility for countless others.

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