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By:

Ruddhi Phadke

22 September 2024 at 10:17:54 am

Gudhi Padwa draws world to Girgaum

Mumbai: It was the 24 th  celebration of Gudhi Padwa in Girgaum on Thursday, and as usual, the festivities were grand, picturesque and saw humongous response not just from the local residents. This year, the celebration saw huge participation of enthusiasts from beyond the borders. While some coincidentally bumped into the event, some others actually typed ‘Gudhi Padwa 2026 schedule’ in their google search bar to ensure they did not miss this ‘must do’ event while planning their holiday...

Gudhi Padwa draws world to Girgaum

Mumbai: It was the 24 th  celebration of Gudhi Padwa in Girgaum on Thursday, and as usual, the festivities were grand, picturesque and saw humongous response not just from the local residents. This year, the celebration saw huge participation of enthusiasts from beyond the borders. While some coincidentally bumped into the event, some others actually typed ‘Gudhi Padwa 2026 schedule’ in their google search bar to ensure they did not miss this ‘must do’ event while planning their holiday travel in India. It is indeed a big moment for a Mumbaikar to know that an international traveler has Girgaon listed as one of the ‘must do’ destinations for an India trip in their diary; Gudhi Padwa being the cause is even more interesting. Tana, who lives in the Netherlands embarked on a long duration trip to India earlier this month, visited Mumbai specifically to enjoy the festivities. She told ‘The Perfect Voice’ , “I came here to celebrate Gudhi Padwa with you. I am here to experience everything that I see, all the beautiful outfits, beautiful people. I did a lot of research. I knew that today is the day New Year is celebrated in Maharashtra. I am a tourist. I am alone. I am indulging in everything here from food, festivals, dresses. I adore India. I actually typed Gudhi Padwa in the search bar to ensure I did not miss this must-do event during my trip to India.” Shivani Dopavkar, a Hula Hoop artist who is a regular and active participant had made an interesting statement when she had spoken to ‘The Perfect Voice’  during last year’s Shobha Yaatra. She had said, “I quit my IT profession to take up Hula Hoop as my full-time art. I wish to take Girgaum to a level where it is recognised globally. I have chosen Hula Hoop to accomplish this dream for which Gudhi Padwa Shobha Yatra is a perfect platform.” The dream doesn’t seem to be far from success as a lot of foreign participants dressed up in traditional Indian attire were seen enjoying the activities Annie, from Berlin who came to India as a tourist co-incidentally got introduced to the festivities. “It is really colourful. I have come from Berlin with my Indian friend. German culture is very different. Everything is colourful and vibrant here. The women on the bikes, the flowers, everything that we see around is very eventful,” said Annie. Early Preparations Girgaum woke up to busy preparations right from six am, as participants and volunteers geared up for the day ahead. The action began at around nine am, with people from different walks of life wounding their happiness around different themes from Hindu mythology to ancient Marathi traditions. From Children to elderly, to differently abled individuals, all enthusiastically navigated through densely crowded tiny lanes that whole-heartedly accommodated hundreds of visitors. Kamini Darji, a Gujarathi speaking Girgaum resident was present in the middle of the action with her differently abled son. Darji said, “I get my son every year to witness the festivities. The environment gives a very united and positive vibe. We never miss the event.” From Lejhim to Dhol Tasha Pathak, from bike borne Navvari saree clad women to Hula hoop artists; from live bhajan singing to Mardani Khel to children dressed up based on different themes from Chandrayaan to ‘Vithoba-Rakhmai’; the celebration gave a perfect introduction of India’s cultural wealth to all the international visitors. Jennifer from Germany who participated in Mardani Khel wearing a traditional nine-yard saree said, “We play Mardani khel every year for Gudhi Padwa. I have been to Maharashtra many times. This is the first time that I have come to Mumbai. I learnt this art at Shivaji Raje Mardani Akhada in Pune. I have been visiting India for nine years. Earlier I used to live in Bengaluru.” Vande Mataram Theme While it was a beautiful blend of all the aspects that define India, the cherry on the top was – the ‘Vandya Vande Mataram’ – theme. To commemorate 150 th  anniversary of India’s national song Vande Mataram, most of the Tableaus and art work revolved around patriotic sentiment. While Shobha yatra 2024 was all about Lord Shri Ram and 2025 about pride for Marathi language, the year 2026 was all about freedom struggle and love for India. The most interesting highlight was the 25-foot-tall paper statue of freedom fighter Swatantryaveer Savarkar that was carried past to the thunderous beats of drums filling the air with exuberance. A 31-year-old sculptor Gaurav Pawar made the statue along with his brother Gitesh and other volunteers. Gaurav said, “Last year we made a statue of Dnyaneshwar. This year we got an opportunity to make a statue of Savarkar Ji. We took 10 days to make the statue out of paper and bamboo material. It was completely eco-friendly. We got to learn a lot about Savarkar ji during the process and it was a very very sensitive experience.” The Statue was prepared in Bedekar Sadan which is one of the buildings located in Shantaram Chawl Complex which was the hotbed of freedom movement. The residents unknowingly carry forward the legacy of the enclosed structure, a place where prominent freedom fighters like Lokmanya Tilak, Annie Basant, Mahatma Gandhi, Mohammad Ali Jinnah and Lala Lajpat Rai used to gather to lead historic movements.

Physical Gold v/s Gold Mutual Funds

Updated: Feb 24, 2025

Physical Gold v/s Gold Mutual Funds

Gold has always been a trusted investment option, primarily because it offers inflation-beating returns and acts as a hedge against economic uncertainties. It holds a special place in the hearts of Indians. When we talk about investing in gold, we refer to it as a financial asset, rather than gold purchased for personal consumption, such as jewellery. While jewellery holds sentimental and aesthetic value, it may not be the most efficient form of investment due to making charges, resale deductions, and storage concerns.


For investors looking to maximize returns and liquidity, Gold Mutual Funds (GMFs) present a smarter alternative. These funds are backed by actual gold and regulated by the Securities and Exchange Board of India (SEBI), ensuring authenticity, standardisation, and transparency. Here are five key reasons why GMFs are a better investment choice than physical gold.


1. No Storage Requirement

One of the biggest challenges of owning physical gold is secure storage. Whether kept at home or in a bank locker, it requires safekeeping, which adds to costs and inconvenience. With GMFs, storage is not a concern, as they exist digitally.


2. No Risk of Impurity

Purchasing physical gold often raises concerns about purity and authenticity. GMFs eliminate these risks, as they invest in standardised, high-purity gold, giving investors peace of mind regarding quality and reliability.


3. No Threat of Theft

Physical gold is always at risk of theft, loss, or damage. Whether stored at home, in a bank locker, or worn as jewellery, it remains vulnerable to security risks. GMFs offer a safer alternative, as they exist in digital form. This removes any risk of theft or misplacement, making them a secure, worry-free investment.


4. Partial Redemption is Possible

A major limitation of physical gold is that it cannot be sold in parts. If you own `10 lakh worth of gold jewellery but need only `2 lakh, selling a portion isn't possible—you must sell the entire piece. GMFs offer flexibility, allowing investors to redeem only the required amount, keeping the rest invested. This provides greater control over one’s finances.


5. High Liquidity

Selling physical gold requires finding a buyer or jeweller at your desired price, and sometimes, they may refuse to buy during price fluctuations. Additionally, selling jewellery means deductions for making charges, leading to a lower resale value. GMFs, on the other hand, offer quick liquidity. Investors can sell units at market prices, and funds are credited to their accounts within a maximum of four working days. This ensures easy access to money whenever needed.


Final Thoughts

GMFs provide all the benefits of investing in gold without the hassles of storage, security, and purity concerns. Their high liquidity, flexibility, and digital safety make them a modern, efficient, and stress-free way to invest in gold.


(The author is a Chartered Accountant and CFA (USA). Financial Advisor.

Views personal. He could be reached on 9833133605.)

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