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By:

Kaustubh Kale

10 September 2024 at 6:07:15 pm

Akshay Tritiya and Gold

As Akshay Tritiya arrives, gold once again takes centre stage in Indian households. For generations, buying gold on this auspicious day has been considered a symbol of prosperity, purity, and good fortune. It is not just a purchase. It is an emotion, a blessing, and a tradition passed from one generation to another. But beyond tradition, gold also carries an important financial lesson. Gold is not just jewellery. It is an asset. Gold During Uncertain Times Over the years, gold has proved its...

Akshay Tritiya and Gold

As Akshay Tritiya arrives, gold once again takes centre stage in Indian households. For generations, buying gold on this auspicious day has been considered a symbol of prosperity, purity, and good fortune. It is not just a purchase. It is an emotion, a blessing, and a tradition passed from one generation to another. But beyond tradition, gold also carries an important financial lesson. Gold is not just jewellery. It is an asset. Gold During Uncertain Times Over the years, gold has proved its worth not only during festivals, but also during uncertain times. Whenever the world faces wars, inflation, currency weakness, economic slowdown, or financial panic, investors across the globe look at gold as a safe haven. This is because gold has a unique quality. It is trusted across countries, cultures, and generations. It does not depend on the promise of one government, one company, or one currency. Why Gold Holds Value Unlike paper currency, gold cannot be printed endlessly. Unlike businesses, it does not depend on profits or management quality. Unlike real estate, it is globally accepted and easily valued. This is why gold continues to remain one of the oldest and most respected stores of value. It has survived centuries of change, economic cycles, wars, and financial crises. The Right Role in Your Portfolio That said, gold should not be treated as a shortcut to wealth creation. Equities and equity mutual funds still remain essential for long-term growth. Gold plays a different role. It brings balance, stability, and protection to your portfolio. When equity markets are volatile or global uncertainty rises, gold often provides comfort. A sensible allocation of around 10-20% to gold can help reduce overall portfolio risk.  So basically, while stocks and equity mutual funds play the lead role in your long-term financial goals, gold plays the supporting but essential role. Physical Gold Has Limitations However, the way you invest in gold matters. Buying physical gold during festivals may feel emotionally satisfying, but it comes with practical challenges. There are making charges, purity concerns, storage issues, risk of theft, and liquidity problems. A necklace may be beautiful, but you cannot easily sell only a small portion of it when you need money. Also, when gold is bought as jewellery, the investor often forgets to calculate the actual return after making charges and deductions. Smarter Ways to Invest This is where Gold Mutual Funds and Gold ETFs become useful. They allow you to invest in gold without worrying about lockers, purity, theft, or storage. You can invest flexible amounts, start SIPs, track value easily, and redeem conveniently when required. For investors who want gold as part of their financial plan, these options are far more practical than buying jewellery purely as an investment. Tradition with Financial Clarity Akshay Tritiya is a beautiful reminder that wealth should be built with faith, patience, and clarity. Buying gold is auspicious, but buying it in the right form is financially wise. This Akshay Tritiya, celebrate tradition - but also upgrade your financial thinking. Because true prosperity is not just about owning gold. It is about owning it smartly. (The writer is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Pedalling Past Labels

It was barely past sunrise when I reached the starting line in Thane. For one shimmering morning, I felt charged with something rare and electric: possibility. I wasn’t alone. A stream of children lined up beside bicycles of every size and colour. Helmets askew, shoelaces trailing, their faces were lit with a nervous, glowing excitement. We were all there for the Zorian Foundation’s Cyclothon for Neurodivergent Kids, an event stitched into the broader celebrations of World Autism Awareness Week.


I came there not as an organizer but as a parent. My son, Aarav, was one of the 50-odd participants, a proud member of what some neatly call the neurodivergent community. The term that sounds clinical, until you witness it burst into life on a bright April morning.


The Zorian Foundation, a Thane-based nonprofit, had dreamt up the idea with a simple yet radical goal of inclusion. Not just acknowledgment or tokenism, but real, joyous participation. Their vision dovetailed neatly with the Government of India’s Divyangjan initiative, which aims to create a more accessible and accepting society for people with disabilities. On paper, it sounded inspiring enough. On the ground, it looked like a revolution on two wheels.


The event had an impressive coalition of partners. The teams from The Cycle Wala and Ghodbunder Cyclist provided bikes and logistical support. The Akshay Institute for Special Children led by the tireless Akshay Ambekar, whose name is spoken with great reverence among special educators, brought a palpable energy of encouragement to the event.


Parents milled about with pride, the kind when you know your child is about to do something beautiful and unpredictable.


When the flag dropped, kids shot off like rockets, their focus less on winning and more on feeling the rubber kiss the road. Aarav, to my astonishment, found his rhythm immediately, his legs pumping furiously, his face set in determined concentration.


As I ran alongside shouting encouragements, I realized that this wasn’t about ability. It wasn’t even about cycling. It was about presence, about being seen, in all our complexities and quirks, and finding that the world not only tolerates but welcomes us.


One mother, tears streaming, cheered as her daughter wobbled triumphantly across a chalk-marked finish line. A father crouched, arms wide, waiting to envelop his son after a careful, cautious loop around the track. Strangers clapped for children they had never met. It was, in short, a celebration without reservations.


When medals were distributed, it was not about who won or lost but the real prize was something far less tangible: the sheer, irrepressible joy of participation.


For Aarav, it wasn’t just another Sunday. It was proof that he belonged. Not in some segregated ‘special’ space but out here, among laughter and applause and the sunlit whir of bicycle spokes. For me, it was a reminder that inclusion is not a lofty policy goal or a checklist item. It is a six-year-old boy racing down a road in Thane, chasing nothing but the wind.


As we packed up, Aarav looked at me and said in his matter-of-fact way, “Next year, I’ll go faster.”


Next year, we’ll all go faster.


(The author is president, Ghodbunder Cyclist Group)

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