top of page

By:

Kaustubh Kale

10 September 2024 at 11:37:15 pm

Nine Financial Tips for a Prosperous Navratri

As Navratri draws to a close, I wish you and your family happiness, prosperity, and continued success. Festivals are a time of celebration, but they also serve as a valuable reminder to reflect on our financial habits and strengthen our financial discipline. In the spirit of the nine days of Navratri, here are nine essential financial tips to help you stay on track with your financial goals and make your journey towards financial freedom smoother and more secure. Build an Emergency Fund Make...

Nine Financial Tips for a Prosperous Navratri

As Navratri draws to a close, I wish you and your family happiness, prosperity, and continued success. Festivals are a time of celebration, but they also serve as a valuable reminder to reflect on our financial habits and strengthen our financial discipline. In the spirit of the nine days of Navratri, here are nine essential financial tips to help you stay on track with your financial goals and make your journey towards financial freedom smoother and more secure. Build an Emergency Fund Make sure you have at least six months of living expenses saved in a bank fixed deposit or a debt mutual fund. This reserve will serve as your emergency fund for unforeseen situations and ensures you are prepared for any rainy days. Review Your Asset Allocation Revisit your investments to ensure they align with your goals. For short-term goals within three years, bank fixed deposits, recurring deposits, or debt mutual funds are appropriate. For long-term goals beyond three years, a diversified combination of hybrid/equity mutual funds, direct equities, and gold should be preferred. Do Sufficient SIPs Systematic Investment Plans (SIPs) are the backbone of disciplined investing. At least 25-30 percent of your in-hand monthly income should ideally be invested through SIPs in mutual funds, equities, and gold. This consistent approach will steadily build wealth over time. Make Lumpsum Investments Along with SIPs, voluntary lumpsum contributions into long-term assets whenever you have surplus funds can accelerate wealth creation. Even occasional lumpsum additions make a significant difference to the overall corpus. Increase Your SIPs Annually As your income increases, make sure your investments grow as well. Increasing your SIP amounts every year helps your wealth stay in line with inflation and your rising lifestyle needs. Increase your SIPs yearly and anchor them to at least 30 percent of your monthly income. Stay Invested Remain invested until your financial goals are achieved. Avoid redeeming investments unnecessarily. Frequent withdrawals disrupt compounding. If liquidity is required, consider taking an overdraft loan against your investments rather than breaking them prematurely. Health Insurance Safeguard your family with adequate health insurance. Opt for a minimum cover of 25 lakhs per family member with comprehensive features. Remember that relying only on employer-provided insurance is risky. Independent health insurance is essential. Term Life Insurance Protect your loved ones with a pure term life insurance policy. Ensure a cover of at least ten times your annual income, along with provisions for any outstanding loans. Stay away from mixing insurance with investments. A simple term plan is the most effective solution. Consult a Financial Advisor A full-time, well-qualified financial advisor can simplify your financial journey. Professional guidance ensures disciplined planning, correct product selection, and proper execution of your financial strategy. May this festive season bring abundance and lasting financial peace. (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Jinx Shattered

Jul 7, 2025
2 min read

It took nearly six decades, nine attempts and countless heartbreaks for Shubman Gill’s men to break a 58-year curse with a record-smashing win in Birmingham, thus restoring faith in India’s long-format grit.


The Gill-led Indian team humiliated England by posting a historic 336-run victory, India’s biggest-ever Test win away from home. In doing so, they levelled the five-match series 1-1 and signalled that this young, often-underestimated team may yet script one of Indian cricket’s great away triumphs.


Few expected such a turnaround after the dispiriting five-wicket defeat in Leeds. The mood was grim. Veteran analysts had decried lower-order collapses and the glaring overdependence on Jasprit Bumrah. Questions swirled around leadership and temperament. But what followed at Edgbaston was a stunning resurgence.


Shubman Gill, a figure more often discussed for elegance than endurance, exploded every myth about fragility and inexperience. His twin masterclasses - 269 in the first innings and 161 in the second - were innings of composure and control. With an aggregate of 430 runs, Gill became the first Test captain in history to cross 400 in a single match. More crucially, he batted like a man who believed.


It was not just the runs, but the context that made the win seismic. Edgbaston has long been a graveyard for Indian ambitions. Of the eight previous outings here, India had lost seven and drawn one. For 58 years, the venue remained an unresolved equation until now. Gill had support from Ravindra Jadeja and Rishabh Pant, whose cameos ensured England were buried under an avalanche of runs before they could mount a response.


The bowlers, too, rose to the occasion. In the absence of Bumrah, Akash Deep turned doubters into admirers, claiming ten wickets including a decisive six in the final innings. Mohammed Siraj, more workhorse than wizard, chipped in with seven scalps, harrying the English batting line-up with relentless discipline. Between them, the pace battery exposed the brittleness of England’s ultra-aggressive ‘Bazball’ approach, which seems increasingly ill-suited when confronted with sustained quality and tight fields.


The numbers tell their own story. India’s 336-run margin eclipses their previous away best of 318 against the West Indies in 2019. But the deeper message is psychological. It is about self-belief, tactical maturity and the willingness to challenge narratives. This was not a win built on star power or home comfort, but on planning, poise and leadership.


Still only 25, Gill captained not with the flamboyance of a Kohli or the stoicism of a Dravid, but with his own brand of assured decisiveness. He let his bat do the talking and his team do the proving. In an age when Indian cricket too often veers toward spectacle, here was a captain quietly recalibrating ambition with execution.


For England, the loss is a sobering one. Edgbaston, their fortress, has been breached. This may just be one Test in a five-match series, but it already feels bigger. It has reminded cricket itself that the long game still matters.

Comments


bottom of page