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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.)

Poetry Beyond Labels

Mar 14
3 min read

Vandana Kumar, a New Delhi–based multiple award-winning author and poet, has steadily carved a distinctive space in contemporary Indian poetry. A French teacher, translator, and passionate cinephile, Kumar’s creative world draws from diverse artistic influences ranging from classical music to cinema and visual arts. Her celebrated poetry collection ‘Mannequin Of Our Times’ has garnered international recognition and has now been translated into Greek, with a French translation scheduled for release soon. Shiv Sethi had a tête-à-tête with the author. Excerpts…


Mannequin of Our Times has now been translated into Greek. A French translation is soon to be released. Your poetry is in over 150 websites and anthologies -is this a childhood dream coming true?

On the contrary my childhood fantasies and ambitions never included being an author -poet. It was only after my father’s death in 2014 that I actually started to write about anything and everything within me and around me. The poetry was perhaps always there, unnoticed and it needed that incident or event to bring it all out. Since my childhood I have been into everything that one can call art – enjoyed classical music, appreciated paintings and the poetry of cinema.


What is good poetry according to you?

At one level one can say poetry is very personal and subjective -so the definitions of good and bad poetry differ according to taste and what people consider good poetry. Sometimes poems are heavy on the message aspect but light on aesthetics yet they earn lot of praise simply because they tick the right boxes of all that is in fashion and the current flavour of the day -a lot of writing on nostalgia of our childhood days for example.   Good poetry, at a basic level is poetry that does something to the reader by the end of it, irrespective of who has written it. A poem is a complete story, a complete painting and a complete film in itself. The completeness might also be in it being open ended or seeking introspection.


You write articles for cinema too? What is the connection between poetry and cinema?

It is not for nothing that good cinema is called poetic. There is poetry in everything – in silent cinema, in its dialogues and the visual. Both written poetry and a scene from a film, for example, rely on imagery to evoke something within us. A metaphor in poetry works as a visual symbol in film.


Will you label yourself as a feminist poet? 

I don’t respond to labels -labels slot us in a sense and for me as an artist it is difficult to breathe with a label. To label is to confine and define through a particular lens. Naturally as for most of us -patriarchal mindsets, gender inequality, racism, environmental issues are things that disturb us and so they come into my poetry every now and then. I can’t write on things just to tick boxes. Messages do come in, but organically when they have to. I live many existences and my poetry is also a result of who I am and all the layering and complexities that go along with my personalities – I am a feminist but not just a feminist -I am many more things and unconsciously many identities that I take along with me. I inhabit many selves and my poetry is the dialogue between my various selves. So, while social issues naturally surface in my work. I do not write to fulfil ideological positions. Instead, my art seeks truth, beauty, and resonance, which sometimes align with feminist concerns, but are never limited to them.


Is there any recurring theme in your poetry? What is the subject or issue that reoccurs in your poetry, directly or indirectly?

Well, that is for readers to discover -my poetry on the surface is about anything that catches my fancy -I write about city life, love, longing, death, seasons, journeys, women, the social media and its hypocrisy. The overall arc is always loneliness- urban life and the impact of globalization over the last couple of decades is a recurring theme – primarily its resultant alienation.  I have written about coping with the information and disinformation around us as well as on topics of environmental concerns. Another area where I have penned my thoughts is the sexual behaviour in cities and how romances are impacted with global distances and yet a strange surreal sort of intimacy because of cyber proximity. Other themes are weather – passing clouds or droughts. I occasionally write humorous poetry too – which sort of is a reflection on our middle-class lives today and social media in particular.

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