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By:

Kaustubh Kale

10 September 2024 at 6:07:15 pm

Akshay Tritiya and Gold

As Akshay Tritiya arrives, gold once again takes centre stage in Indian households. For generations, buying gold on this auspicious day has been considered a symbol of prosperity, purity, and good fortune. It is not just a purchase. It is an emotion, a blessing, and a tradition passed from one generation to another. But beyond tradition, gold also carries an important financial lesson. Gold is not just jewellery. It is an asset. Gold During Uncertain Times Over the years, gold has proved its...

Akshay Tritiya and Gold

As Akshay Tritiya arrives, gold once again takes centre stage in Indian households. For generations, buying gold on this auspicious day has been considered a symbol of prosperity, purity, and good fortune. It is not just a purchase. It is an emotion, a blessing, and a tradition passed from one generation to another. But beyond tradition, gold also carries an important financial lesson. Gold is not just jewellery. It is an asset. Gold During Uncertain Times Over the years, gold has proved its worth not only during festivals, but also during uncertain times. Whenever the world faces wars, inflation, currency weakness, economic slowdown, or financial panic, investors across the globe look at gold as a safe haven. This is because gold has a unique quality. It is trusted across countries, cultures, and generations. It does not depend on the promise of one government, one company, or one currency. Why Gold Holds Value Unlike paper currency, gold cannot be printed endlessly. Unlike businesses, it does not depend on profits or management quality. Unlike real estate, it is globally accepted and easily valued. This is why gold continues to remain one of the oldest and most respected stores of value. It has survived centuries of change, economic cycles, wars, and financial crises. The Right Role in Your Portfolio That said, gold should not be treated as a shortcut to wealth creation. Equities and equity mutual funds still remain essential for long-term growth. Gold plays a different role. It brings balance, stability, and protection to your portfolio. When equity markets are volatile or global uncertainty rises, gold often provides comfort. A sensible allocation of around 10-20% to gold can help reduce overall portfolio risk.  So basically, while stocks and equity mutual funds play the lead role in your long-term financial goals, gold plays the supporting but essential role. Physical Gold Has Limitations However, the way you invest in gold matters. Buying physical gold during festivals may feel emotionally satisfying, but it comes with practical challenges. There are making charges, purity concerns, storage issues, risk of theft, and liquidity problems. A necklace may be beautiful, but you cannot easily sell only a small portion of it when you need money. Also, when gold is bought as jewellery, the investor often forgets to calculate the actual return after making charges and deductions. Smarter Ways to Invest This is where Gold Mutual Funds and Gold ETFs become useful. They allow you to invest in gold without worrying about lockers, purity, theft, or storage. You can invest flexible amounts, start SIPs, track value easily, and redeem conveniently when required. For investors who want gold as part of their financial plan, these options are far more practical than buying jewellery purely as an investment. Tradition with Financial Clarity Akshay Tritiya is a beautiful reminder that wealth should be built with faith, patience, and clarity. Buying gold is auspicious, but buying it in the right form is financially wise. This Akshay Tritiya, celebrate tradition - but also upgrade your financial thinking. Because true prosperity is not just about owning gold. It is about owning it smartly. (The writer is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

The Boy Who Would Be King

Can the youthful Shubman Gill rise above princely promise to build a new red-ball empire?

When India’s selection committee chairman Ajit Agarkar stepped up to the microphones at the Wankhede Stadium last week, a generational baton was passed. Rohit Sharma, the genial elder statesman of Indian Test cricket, had walked into the sunset. Virat Kohli, his fiery predecessor, had bowed out too. In their wake emerged Shubman Gill, suddenly the 37th Test captain of India at 25.


Gill has long been seen as a prince-in-waiting - a batsman with the kind of classical elegance and modern temperament that has prompted comparisons to Rahul Dravid and Virat Kohli in the same breath. Now, he is the leader of a team in transition, charged with shepherding a post-Rohit, post-Virat generation into a new era of Indian red-ball dominance.


His elevation is as much about potential as it is about performance. Gill’s Test average in SENA countries (South Africa, England, New Zealand, Australia) remains unflattering. Yet, selectors believe that responsibility will coax out the consistency.


India’s cricketing mandarins, it seems, have opted for the long view. They could have played safe by anointing Rishabh Pant, the swashbuckling wicketkeeper or JaspritBumrah. But Pant’s form after a near-fatal car crash has been erratic and Bumrah remains under strict workload management.


Gill’s ascension owes more to his temperament than his stats. As captain of the Gujarat Titans in this year’s IPL, he led with calmness and clarity. His leadership was understated but effective, something that must have impressed India’s cricketing establishment.


One man in particular had watched Gill closely from the beginning: Rahul Dravid. The outgoing coach worked with Gill during India’s victorious 2018 Under-19 campaign and is said to have lobbied strongly for him as the next long-term Test captain. Dravid’s parting endorsement carried weight in the corridors of the BCCI.


Gill’s Test journey itself has been uneven. Since debuting in the iconic 2020 Boxing Day Test at the MCG, where he scored a serene 91 in India’s improbable series win, he has flitted in and out of form. At times he has appeared too languid, too loose against the moving ball abroad. Yet at home, and especially on flatter decks, his strokeplay remains a joy to behold.


Still, challenges loom large. The England series, beginning June 20, will be no ceremonial debut. It is the start of a new World Test Championship (WTC) cycle and will likely feature spicy tracks, probing swing and a revamped English attack. With senior bowlers like Mohammed Shami out and Bumrah available for only three Tests, Gill must also juggle batting burdens with tactical nous.


Some have questioned whether the choice was premature. KL Rahul, another senior statesman, is 33 but more experienced. Yet age and injuries have dulled his claim.


It helps that Gill straddles eras. He is old enough to have shared dressing rooms with Kohli and Rohit, yet young enough to bond with India’s next crop which includes Yashasvi Jaiswal, Dhruv Jurel, Ruturaj Gaikwad. His leadership may depend as much on locker room dynamics as on tactical flair. For now, the BCCI is betting that Gill’s polish and poise will lend gravitas to a team rebuilding its spine.


The question, of course, is whether the boy from Fazilka can shoulder India’s most scrutinised job without becoming its next burnout. Kohli once thrived on confrontation; Dhoni on detachment. Gill will need to find his own idiom of leadership. He is not as fiery as Kohli, nor as stoic as Dravid, but there is a certain stillness to him, an economy of words and gestures that suggests steel under silk.


For now, the boy who would be king must turn promise into power. The Test begins soon.

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