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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.)

Olympic Speed Climbing Champion Sam Watson to Visit Mumbai

Correspondent
Oct 23, 2025
2 min read

Mumbai: When Sam Watson sprints up a 15-metre wall, the world seems to slow down. The 19-year-old American speed climber, an Olympic medallist from Paris 2024 and current world-record holder at 4.64 seconds, has become the face of one of the world’s fastest-growing sports. On November 2, he will trade competition arenas for Mumbai’s High Rock in Powai, offering a rare day of workshops and conversations with India’s burgeoning community of climbers.


Speed climbing, once a fringe pursuit of mountaineers, now stands as one of the Olympics’ most electrifying disciplines. The sport demands not just power and agility but precision measured in hundredths of a second. Watson, often hailed as the greatest speed climber of all time, has repeatedly rewritten the record books.


His visit marks a milestone for India’s fledgling climbing scene. High Rock, the city’s first commercial climbing facility, opened its walls in December 2024 and has since drawn more than 10,000 enthusiasts. It represents the country’s growing fascination with vertical sports and a reflection of a global shift toward adventure and athleticism fused with technology and training science.


During his visit, Sam Watson will conduct Masterclasses for both Kids and Adults, offering a rare opportunity for amateur climbers to learn directly from a global champion and experience his unmatched energy and technique up close.


Watson will be joined by Matt Groom, the Official Lead Commentator for the International Federation of Sport Climbing (IFSC). Known as the voice of IFSC World Cups and World Championships, Groom will host a 30-minute talk at High Rock on ‘The Evolution of Climbing in Competitive Sport.’ His insights promise to provide a deep look into the transformation of climbing from niche adventure to Olympic spectacle.


Event: Sam Watson, Olympic Medalist and current World Record holder at High Rock

Date: November 2, 2025

Location: High Rock, Powai, Mumbai

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