top of page

By:

Kaustubh Kale

10 September 2024 at 11:37:15 pm

Modak and the Art of Investing

As the aroma of freshly steamed Modaks fills homes during Ganesh Utsav, the festive spirit comes alive instantly. My mouth is already watering at the thought! The humble Modak, prepared with love to honour Lord Ganesha, may look simple from the outside. But anyone who has tried making one knows that a good Modak depends on several things coming together - the right ingredients, the right recipe, patience with the process, and finally, enjoying the result. Investing is surprisingly similar....

Modak and the Art of Investing

As the aroma of freshly steamed Modaks fills homes during Ganesh Utsav, the festive spirit comes alive instantly. My mouth is already watering at the thought! The humble Modak, prepared with love to honour Lord Ganesha, may look simple from the outside. But anyone who has tried making one knows that a good Modak depends on several things coming together - the right ingredients, the right recipe, patience with the process, and finally, enjoying the result. Investing is surprisingly similar. Choose the Right Ingredients A Modak is only as good as the ingredients that go into it. Fresh coconut, good-quality jaggery, properly prepared rice flour and the right flavours all contribute to the final result. Our investments and financial products are the ingredients of our financial plan. Equities, mutual funds, fixed income, gold and other investments each have a specific role to play. The objective is not to pick whatever appears most exciting at the moment, but to select suitable, good-quality investments that match our financial goals, time horizon and ability to take risks. Health and life insurance are equally important ingredients. Adequate coverage helps protect savings, the family, and their financial goals and dreams. Good ingredients provide the foundation. But ingredients alone are not enough. Get the Recipe Right You may have the finest ingredients in the kitchen, but if the proportions are wrong, the Modak may still not turn out well. The same applies to investing. Asset allocation is the recipe of a financial plan. Too much of one ingredient can spoil a Modak. Similarly, excessive concentration in one asset or too much money in low-return products can spoil a portfolio. Balance is key. A thoughtfully constructed portfolio brings different investments together in the right proportions. To keep asset allocation very simple - short-term goals can be planned through bank fixed deposits, recurring deposits and debt mutual funds. For long-term goals, one can consider hybrid mutual funds, equity mutual funds or direct stocks. Trust the Process Once the Modak is shaped and placed for steaming, constantly checking whether it is ready will not make it cook faster. Investors often make the same mistake. We keep checking markets, reacting to every correction, chasing recent performers or changing strategies because of short-term noise. Good investing requires patience and discipline. Invest regularly, review periodically and allow your financial plan enough time to work. Compounding is powerful precisely because it rewards those who remain invested for long periods. Sometimes, the best thing an investor can do is simply avoid unnecessary interference. Enjoy What You Have Created Finally comes the most important part - eating the Modak! The purpose of investing is not merely to accumulate the largest possible number on a statement. Wealth should eventually help us fulfil our goals, support our families, create financial security and enjoy life with greater peace of mind. A good Modak needs the right ingredients, the right recipe and trust in the process. A good investment journey needs exactly the same. This Ganesh Utsav, may Bappa bless us with the wisdom to make good financial choices, the patience to stay disciplined, and the prosperity to enjoy the fruits of our efforts. Ganpati Bappa Morya! (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Rising Hinduphobia

Mar 11, 2025
2 min read

The Hindu community in America as well as in India. The temple, operated by the Bochasanwasi Akshar Purushottam Swaminarayan Sanstha (BAPS), was defaced with anti-India graffiti, a clear act of intimidation that coincides suspiciously with an upcoming ‘Khalistan referendum’ in Los Angeles. This is not the first time such an attack has taken place. The last year alone has seen at least ten Hindu temples across the United States being vandalized reflecting a clear pattern of Hinduphobia being on the rise.


For years, radical Sikh separatist groups operating in North America, with support from elements in Pakistan, have sought to stoke communal tensions among the Indian diaspora. Yet their growing brazenness would not have been possible without an enabling ideological ecosystem in the West, where the BJP-led Indian government is routinely vilified as ‘fascist’ while violent separatists are treated as freedom fighters. The irony is glaring: Western liberals who excoriate India’s elected leadership as ‘authoritarian’ are often the first to rationalize radical extremism when it is cloaked in the language of victimhood.


Despite repeated incidents of temple desecration, the so-called ‘progressive’ narrative continues in the U.S. continues to dismiss Hinduphobia as a ‘manufactured’ issue, insisting that it pales in comparison to other forms of discrimination. Hindu advocacy groups like the Hindu American Foundation and the Coalition of Hindus of North America (CoHNA) have repeatedly raised alarms about this rising intolerance, but their concerns have largely been ignored or even mocked.


Anti-India rhetoric in American universities has surged, with academics openly pushing the idea that Hinduphobia is a myth even as they cheerlead narratives of ‘Hindu supremacy.’ Think tanks with questionable funding links churn out reports portraying the Indian government as an authoritarian menace while downplaying the rising violence against Hindus globally. In contrast, the same voices that shout ‘Islamophobia’ or ‘white supremacy’ at the slightest provocation are conspicuously silent when Hindu places of worship are attacked.


This hostility stems from an ideological disdain for the Narendra Modi-led BJP government, which, to Western progressives, embodies everything they loathe: unapologetic nationalism, economic self-reliance and a refusal to be lectured by the West. Modi’s electoral dominance has led leftist intellectuals to conflate the Hindu majority with an imagined, monolithic ‘Hindu supremacist’ movement - an absurd notion in a country as religiously and culturally diverse as India.


Much of the Western left has constructed a simplistic moral binary: groups that claim oppression must always be defended, even when their actions undermine democratic values. This warped logic has led to the legitimization of not just Khalistani separatists but also extremist elements in the Palestinian movement, who are excused even when they target civilians.


Thus, if a mosque or synagogue in the U.S. is defaced, it would trigger an outpouring of condemnation with the FBI swiftly deployed and politicians scrambling to reaffirm their commitment to religious tolerance. But when Hindu temples are targeted, the response from American political elites has regrettably been muted. This must swiftly change under the new Trump administration.

Recent Posts

See All

Comments


bottom of page