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.)

The Future Animation Creative Hub of the World

Oct 1, 2024
3 min read

Updated: Oct 22, 2024

Animation Creative Hub

India, long celebrated for its rich cultural tapestry and ancient heritage, is now increasingly making waves in a less-discussed arena - animation. Once merely an outsourcing destination for global animation and VFX projects, the nation is now evolving into a vibrant creative powerhouse. India is transitioning from being a low-cost service provider for international studios to a burgeoning hub for high-quality original animated content. The rise of independent animators, a proliferation of domestic film festivals, and the increasing sophistication of homegrown studios are key to this transformation.

The Indian animation industry began to gain momentum in the 1990s, primarily as an outsourcing solution for Western studios. With globalization and the demand for cost-effective production, Hollywood giants such as Disney, DreamWorks, and Warner Bros. turned to Indian studios for their technical expertise in 2D and 3D animation, rotoscopy, and VFX, handling the labour-intensive aspects of production for both blockbusters and critically acclaimed works.

While outsourcing was crucial for growth and offered valuable experience to Indian animators, the industry was often viewed as a back-office operation focused on external client demands rather than original content. But today, increased access to affordable technology, enhanced skill sets, and burgeoning confidence among Indian animators are creating fertile ground for original animated narratives. Indian studios and independent creators are crafting stories reflecting the country’s unique cultural narratives, moving beyond the outsourcing model to produce feature films, TV series, and short films with global appeal.

A new wave of small, agile, passionate independent studios is emerging in India, pushing creative boundaries and exploring themes that resonate with both domestic and international audiences, emphasizing a distinctly Indian perspective over catering solely to foreign clients.

Films such as ‘Kandittund!’ (‘Seen it!’) by Studio Eeksaurus, ‘Return of the Jungle’ by Vaibhav Studios, independent YouTube series like ‘Folktales of India’ by Trip Creative, and fresh student films like ‘Maatitel’ by Govinda Sao are making waves globally. These successes illustrate that Indian studios are capable of developing high-quality, globally relevant content originating from India.

While India has long been a hub for animation outsourcing, it is also becoming a significant player in the VFX sector. Studios like Prime Focus, Red Chillies VFX, and Technicolor India have contributed to the visual effects of some of the biggest blockbusters in recent years with Indian VFX houses competing on par with the best worldwide.

Moreover, Indian films are increasingly becoming VFX-driven spectacles. The ‘Baahubali’ franchise set new benchmarks for VFX in Indian cinema, showcasing India’s ability to rival Hollywood in scale and ambition.

A thrilling development in India’s animation landscape is the rise of original animated films and series that explore contemporary themes and social issues, moving beyond traditional mythological narratives. While epics like the ‘Ramayana’ and ‘Mahabharata’ remain popular, animators are increasingly focusing on stories that reflect the diverse fabric of modern Indian society.

The democratization of the industry through digital platforms is empowering indie creators to reach viewers by bypassing traditional gatekeepers. The success of series like ‘Lamput’ marks just the beginning. Studios like Eekesaurus and Vaibhav Studios are crafting emotionally resonant, visually stunning stories that appeal to both domestic and international audiences.

The sector is strengthened by a growing number of festivals and showcases for animated content, such as Anifest, AGIFest, Animela, Chiaff, and Chitrakatha, which provide platforms for independent filmmakers. Additionally, the Animators Guild of India plays a vital role in supporting emerging animators and fostering knowledge-sharing.

Indian animation is gaining recognition at international film festivals, with projects like ‘Bombay Rose’ and ‘Tumbbad’ winning accolades at prestigious events such as Venice and Toronto.

Acknowledging the potential of its animation and VFX industries, the Indian government, along with states like Maharashtra, Karnataka, and Telangana, is implementing policies and financial incentives to support the AVGC sectors. Projections suggest a compound annual growth rate (CAGR) of 29% for the AVGC sector, fuelled by rising demand for original content and technological advancements.

Additionally, educational institutions across India are increasingly offering specialized courses in animation, VFX, and game design. Prominent institutions such as the National Institute of Design (NID), IIT - IDC, MITID, Whistling Woods, and Chitkara Design University are producing highly skilled graduates equipped to contribute to the industry. These programs are arming the next generation of Indian animators with the tools and knowledge necessary to compete globally.

Despite promising developments, India’s animation industry faces obstacles in inconsistent funding, limited distribution channels for indie films, and high production costs, hindering smaller studios. However, a growing ecosystem of festivals and funding opportunities is gradually addressing these issues. As the industry matures, these hurdles are likely to be overcome, enabling India to realize its potential as a global animation hub.

As more Indian stories find their way into global consciousness, the industry will continue to grow, providing inspiration, entertainment, and innovation to audiences everywhere. The world is watching. India is ready to lead.

(The writer is Founder and Creative Director at Trip Creative Services, a multi-award winning communication design house. Views personal.)

Comments


bottom of page