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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.)

Seeking the Sacred: A Gen Z Pilgrim’s Mahakumbh Odyssey

Mar 2, 2025
5 min read

Updated: Mar 3, 2025

A journey through faith, mysticism and the unexpected at the world’s largest spiritual gathering.

Gen Z Pilgrim

I’ve never been the archetypal religious person. Although I identify as a Hindu, my understanding of it is quite limited. I grew up learning a few shlokas and aartis, mostly the ones that my parents used to recite. I often prayed, sometimes even trying to bargain with God for good marks or a crush’s attention.


My view of Hinduism was shaped by my family and surroundings. I followed the rituals they did and prayed to the Gods I saw in my home. This covered a total of 10- 15 Gods from the massive repository of 330 million. I am not entirely sure what drew me to the Maha Kumbh. There were claims about it being a myth, a political masterstroke or a way to absolve one’s past misdeeds.


I’m neither politically inclined nor overly ritualistic, but curiosity got the best of me. After all, why would a third of India’s population gather at the confluence of rivers during peak winters for a mere dip!?


I had planned to spend two days in Prayag - one for the holy dip and one to visit the akharas. On the first, the only goal was reaching the Sangam. With vehicles banned from the inner city, the walk through the Kumbh Mela’s throng became an experience in itself. A vast, surging crowd moved in unison - young and old, rich and poor - towards the sacred confluence. Despite the crush, hospitality flourished. Locals distributed food and tea, helped the elderly on scooters, and reunited lost pilgrims via loudspeakers.


The Sangam was more than the meeting of rivers; it was a confluence of cultures. South Indians in veshtis, Rajasthanis in bright lehengas and pagdis, Bengalis in red-and-white sarees, and people like me, more comfortable in cargo pants - all drawn towards the same sacred waters regardless of attire. VIP boats floated nearby, but the real pilgrimage was here, shoulder to shoulder with strangers, bound by faith and the pull of something greater than themselves.


Everyone was absorbed in their own version of devotion. Some filmed vlogs and clicked pictures, others filled bottles with holy water. Some performed puja, while others tossed coins into the river - only for a few to dive in and collect them. There were those playfully splashing around, claiming they were now ‘sin-free’ and ready for fresh ones, while others kept immersing themselves over and over - perhaps as insurance for future misdeeds.


There was no single right way to dress, pray, or even behave at the Sangam. Each person followed their own belief, doing what felt right in that moment, in that sacred space.


On my way back, I saw a massive gathering of ascetics from various akharas lining up for their holy bat. Although I knew little about them, I couldn’t help but admire the striking diversity. Some were completely naked, covered in ash, and carrying weapons; others dressed in all-black, while many wore the familiar saffron robes, radiating warmth with their bright smiles.


On my way back, I saw stalls catering to every income segment - vendors sold chana and puri for as little as Rs. 10, while Domino’s offered pan pizzas for Rs. 100.


There were free tent accommodations, hundreds of mobile toilets, and water dispensers along the way. Yet, despite these arrangements, filth was inevitable. Some toilets were so foul-smelling that I wouldn’t dare to use them.


But with a third of India’s population descending upon a small city, no amount of cleaning would ever be enough without civic responsibility from the masses. It wasn’t surprising, just a stark reminder of the scale of this grand gathering.


Day two began without a clear plan. I didn’t know the names of the akharas or where to find them, and even if I did, I had no set agenda or burning questions.


Still, I made my way to the other side, where the akharas housed ascetics during the Kumbh. Being a digital native, I was familiar with some of the ‘celebrities’ of the Kumbh - the IIT Baba, the Baba with a pigeon on his head and so on.


With no specific goal, I decided to track one of them down and soon found the Baba with a pigeon on his head. He was moving swiftly from one lane to another, and a small group of us instinctively followed, trying to keep up.

We were so fixated on him that we didn’t notice shards of glass on the road. Ironically, he was the one to stop, point them out, clean them, and scold us for being too absorbed in ourselves to see potential harm to others.


Along the way, I came across many ascetics smoking marijuana and performing rituals unfamiliar to me but seemingly normal to others. Having grown up in an environment where smoking was a strict no, it was both shocking and fascinating to see a religion embrace practices that might seem unconventional but are accepted as long as they aid in the pursuit of the ultimate truth.


The next akhara I visited was one often linked to the mysterious and the unknown - the Aghor Akhara. Men dressed in black, rudraksha malas around their necks, kohl-rimmed eyes, and skulls placed around their sacred space. Despite their intimidating appearance, they sat patiently, answering every question posed by curious visitors. Even those associated with so-called ‘dark sciences’ welcomed open conversations with anyone willing to engage. I was lucky to witness a small music event inside the akhara, where men and women sang an aarti dedicated to Lord Shiva. Music and dance have always been an integral part of our culture, but seeing this fusion of melodious devotion intertwined with what I had previously perceived as ‘dark sciences’ helped shatter my long-held stereotypes.


Right next to this akhara was ISKCON, known for the bhakti pathway and its global following. Their setup was entirely dedicated to Krishna, complete with life-like statues of the God to enhance the experience. Here too, people were singing and dancing, but in a more public, celebratory manner. Finally, I visited the Nath akhara which was filled with ascetics dressed in saffron, each minding their own. I even received an appy juice as prasad and had some enlightening conversation with one of the ascetics who patiently answered every question I posed.


Each akhara I visited had its own traditions, distinct ways of praying, dressing, and even different chosen deities. Shiva, Vishnu, Krishna, Kali, Guru Gobind Singh - all had dedicated akharas. Yet, despite their differences, they coexisted peacefully, without debates over whose God or method was superior.


Not every ascetic isolated themselves in a Himalayan cave for years, meditating until they re-emerge at the Kumbh to observe the world. Some travelled across India, organizing fairs to uplift local economies, engaging in charity, or even taking on roles of social and political leadership. Many had advanced degrees, Instagram accounts and active WhatsApp numbers. They were ordinary people who had chosen a spiritual life over a conventional one.


Shashi Tharoor described Hinduism as a henotheistic religion, one that focuses on a supreme principle while respecting the existence of multiple deities and pathways. The Kumbh is a celebration of this diversity - where every path is respected, every seeker accepted and every sincere contribution to understanding the ultimate truth is celebrated. Hinduism isn’t a one-size-fits-all faith; it offers the freedom to choose the path that resonates most with an individual. The foundation remains the same, but the paths are many and within them lies the essence of true spiritual liberty.


(The author is an MBA from IIM Calcutta. She is currently working at Boston Consulting Group, Mumbai. A dedicated dancer for over 14 years she is passionate about exploring new places and experiences.)

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