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....

min read

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.)

Stolen Childhood

Correspondent

Nov 20, 2025

2 min read

The recent rape and murder of a three-year-old girl in Malegaon in Nashik district is a crime so horrific that it numbs the senses. A toddler stepped out to play near her home in Dongarlare village; within three hours she was lured away with a piece of chocolate, assaulted and killed, her small body dumped in the bushes near a mobile tower. While her family is obviously, the outrage has spread across Maharashtra as the state once more confronts its inability to shield its youngest and most vulnerable.

The sequence is tragically familiar. Around six in the evening, the child was noticed missing. Within an hour, her family alerted the police. Her playmates, the only witnesses, revealed that a 24-year-old construction worker from the same village had enticed her with chocolates. Acting on this information, the police swiftly tracked down the accused, who allegedly confessed during interrogation. Soon after, the girl’s body was recovered. The accused is now in custody, with investigations ongoing.

Swift action is welcome, but it does not mask the deeper institutional rot. Maharashtra, despite its claims of administrative excellence, remains unable to protect children from predatory violence. The state’s child-safety systems especially in rural districts are weak, fragmented and reactive. Most villages lack adequate lighting, community vigilance mechanisms or basic awareness programmes for parents and children. Families rely on social cohesion and informal neighbourhood supervision, a fragile safeguard that crumbles instantly when confronted with malice.

The Malegaon tragedy thus exposes a longstanding contradiction in India. While laws such as the POCSO Act are among the world’s strictest on paper, they falter in practice. Cases of child rape continue to rise; convictions remain abysmally low. Fast-track courts are anything but fast. Forensic delays, uneven policing standards and poor inter-agency coordination routinely weaken cases before they reach the trial stage. This failure is a moral one, and not just administrative.

Maharashtra’s ruling alliance, the Mahayuti, came to power promising a sterner hand on law and order. Chief Minister Devendra Fadnavis, as the State’s Home Minister, has often positioned himself as the custodian of Maharashtra’s internal security and the architect of a more efficient policing system. Unfortunately, at the moment, this perception is dismal.

It appears that the system bends for the powerful, stalls when confronted with theinconvenient, and collapses entirely for those without influence. This is why the Malegaon case demands more than formulaic assurances. It requires Fadnavis and the Mahayuti government to demonstrate that the state still retains the moral authority to deliver justice. They must ensure that investigators receive the resources they need, that lapses are punished, and that the trial proceeds on an accelerated timeline. Anything less risks further eroding public trust in the institutions meant to protect the vulnerable.

A society is judged not by how loudly it condemns barbarism, but by how effectively it prevents and prosecutes it. Maharashtra now stands at that test.

Modak and the Art of Investing

Stolen Childhood

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