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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.)

Gender Discrimination in Schemes

Suyash Padate
Nov 19, 2024
2 min read
Gender Discrimination

Gender discrimination impacts millions of girls and boys around the world, denying them basic human rights like education, income equality, and a life free of violence. But here in Maharashtra the women have outsmarted the men as far as one state government’s scheme is concerned. The Maharashtra government launched the Ladka Bhau Yojana for the state’s boys after the success of the Ladli Behin Yojana.


Anticipating wrath from the boys especially unemployed, the Maharashtra government has introduced a new scheme Ladka Bhau Yojana 2024 aimed at helping young people. Through this, unemployed youth will receive Rs 10,000 per month. This funding will be given throughout the training program to help them find jobs and inspire them to work for themselves. The beneficiaries’ financial circumstances and living standards will improve as a result. There will also be a decline in the state’s unemployment rate once this scheme takes off. This program will guarantee the growth of the state’s youngsters and brighten their future so that they can advance in their careers.


With the overarching goal of improving employability among young men between the ages of 18 and 35, the Ladka Bhau Yojana brings vocational training to the forefront. It acknowledges the dire need for professional skills development amid increasing competition and rising unemployment rates. The Ladka Bhau Yojana is designed to provide financial assistance and vocational training to unemployed young men in the state, ensuring they have the necessary skills and resources to secure a stable future. The primary goal of the Ladka Bhau Yojana is to empower the youth of Maharashtra by offering them free vocational training and financial support. By equipping them with practical and technical skills, the program aims to reduce unemployment and improve the living standards of beneficiaries. The initiative is part of the Maharashtra government’s broader strategy to launch several public welfare schemes ahead of the assembly elections.


The program is expected to benefit around ten lakh young individuals across the state each year, providing them with the skills and support needed to overcome unemployment and achieve economic stability. By offering both training and financial support, the Ladka Bhau Yojana aims to reduce the unemployment rate in Maharashtra, ensuring that young people have the means to build successful careers. The scheme’s structure is simple yet powerful. Monthly stipends corresponding to their educational qualifications will be given to the youths. For example, those who have completed the 12th grade will earn Rs 6,000 monthly, ITI graduates will receive Rs 8,000, and graduates or postgraduates will secure Rs 10,000 per month during the six-month training program.

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