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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.)

New icon of party loyalty amid world of turncoats

Writer: Abhijit Mulye
Abhijit Mulye
Dec 31, 2025
2 min read

Mumbai: In the competitive landscape of Mumbai’s municipal politics, Akshata Tendulkar has emerged as a symbol of ideological steadfastness and party loyalty. Known as a “staunch Hindutva voice” in the Mahim-Dadar belt, she has navigated a political terrain historically dominated by regional heavyweights like the Shiv Sena (UBT) and the Maharashtra Navnirman Sena (MNS).


The Mahim-Dadar area has long been the ideological heart of Mumbai’s politics. For a BJP leader to carve out a niche as a prominent proponent of Hindutva in this specific geography is a significant feat. Tendulkar’s rise is attributed to her vocal and uncompromising stance on cultural and religious identity, which has resonated with a traditional voter base that feels a deep connection to the Hindutva narrative.


In an era where political affiliations are often fluid, Tendulkar’s career reached a defining moment during the seat-sharing negotiations of the Mahayuti alliance. When her preferred ward was allocated to the Shiv Sena (Eknath Shinde faction) as part of the coalition agreement, she faced a difficult choice: switch banners to stay in the race or stand down.


Striking Aspect

The most striking aspect of Tendulkar’s profile is her refusal to compromise on her political identity for the sake of an electoral ticket. Recognizing her local influence and the strength of her “Hindutva voice,” the Shiv Sena reportedly offered her a ticket to contest the election under their “bow and arrow” symbol.


While many politicians today—often referred to as “turncoats”—regularly cross party-lines to secure power, Tendulkar chose a different path. She famously declined the offer, insisting that she remained committed to the Bharatiya Janata Party (BJP); that she would only contest as a candidate representing the party she had served and that her loyalty to the organisation outweighed her personal ambition for office.


Rare Precedent

“This is a very rare example of party loyalty in today’s times. I’m happy that such examples can be found only in the BJP,” said city BJP spokesperson Niranjan Shetty. He also highlighted that by choosing to withdraw from the race rather than abandon her party’s flag, Tendulkar set a rare precedent in contemporary Maharashtra politics. Her decision reinforced her image as a leader driven by conviction rather than opportunism.


“She has earned the leadership by her fearless acts and uncompromising nature when it comes to issues related to Hindutva,” said senior RSS worker from Dadar area, Ramesh Deole. “Her decision today will be remembered for times to come,” he added.


While it might be a ‘Political Harakiri’ in opinion of a few political analysts. But, with her act today she has actually given herself a larger identity. Today, she is viewed not just as a local leader from Ward 192, but as a “distinct example of loyalty.” Her background as a fierce advocate for Hindutva remains her calling card, making her a critical asset for the BJP in the heart of Mumbai. In a city where political winds shift rapidly, Akshata Tendulkar stands as a reminder of the power of ideological consistency.


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