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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.)

Road Rash

Aug 9, 2025
2 min read

A few days ago, I was travelling from Bangalore to Mumbai. This was hardly my first trip to the South. I am on those roads often - sometimes for work, sometimes for the restless pleasure of the journey itself. Years of such travel have honed my instinct to notice the small details: the slope of a flyover, the placement of a milestone, the shifting patterns of truck convoys. The highway is a diary. It tells you a lot about a country, if you bother to read it.


Not long ago, the stretch from Katraj in Pune to Kolhapur was a joy. The tarmac rolled smoothly under the tyres, the trucks kept their dignified distance, and the scenery had the quiet grace that makes long-distance driving something of a meditation. You could hold a steady speed and steady thoughts.


Today, that same stretch is a catastrophe. From Katraj to somewhere near Hubballi, the road is torn apart. Not for the occasional repair, but in the throes of full-scale reconstruction. Diversions erupt every few hundred metres - a left here, sharp right there, through narrow cuts that would challenge even a rally driver. The untrained driver is not merely inconvenienced but he is positively in danger.


The problem is not just the detours or delays. It is the intent. India’s roads, it seems, are no longer built for people to travel on. They are built for contracts to be signed, for repairs to be perpetual, for profits to be skimmed. A smooth, safe, functional road is a finished project whereas an unfinished road becomes eternally a renewable source of income.


And they accidents occur with grim regularity, the official line is to blame the driver for speeding, fatigue or distraction. Rarely is there mention of sudden two-way stretches with no warning signs, of diversions that funnel vehicles head-on at night with blinding headlights, of curves sharper than they appear. It is a wonder more people do not die.


But many do. India records over 1.6 lakh road deaths each year. In a nation of 145 crore, that is barely a murmur in the news cycle. And yet, there is no outcry, no resignation and no systemic shame. Life is cheap, and the highway system reminds you of it with every jolt to your spine.


At night, the Katraj–Hubballi run turns into something close to a video game. Trucks loom suddenly from unlit corners, motorbikes dart without reflectors, diversions arrive with no reflective paint or hazard lamps. You drive not in confidence but in constant dread, as if survival is less a matter of skill and more a matter of luck.


Our highways have been proudly unfinished since independence. They are monuments not to engineering achievement but to bureaucratic inertia, political favour and contractual appetite. They are not arteries of commerce or threads stitching together a vast nation but inhuman obstacle courses laid out for the citizenry to endure.


So here is to our highways. Proudly unfinished since independence. Built not for travel, but for trials. Not for citizens, but for contracts.


Drive safe. Or better, do not drive at all.


(The writer is CMD of a private company. Views personal.)

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