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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 show must go on

Dec 13, 2025
3 min read

Assam’s cultural void and the Post Malone moment.

The cultural vacuum left by the demise of Zubeen Garg continues to echo through Assam, resurfacing sharply during the recent Post Malone concert in Guwahati. Zubeen, the state’s most beloved musical icon, had dominated the cultural landscape for over three decades. With songs in more than 40 languages and dialects, and a career spanning 33 years, he was not just a singer but a cultural force whose music stitched together generations. His Bollywood hit Ya Ali from Gangster (2006) catapulted him to national fame, but in Assam, he had long been revered as the state’s “first true rockstar.”


His sudden and tragic death on September 19 in Singapore where he had travelled to perform at a live show left an emotional void unlike anything the region had experienced in recent memory. The circumstances of the accident during a yacht trip triggered an outpouring of grief and anger. Assam came to a standstill: shops closed, schools shut down, and streets emptied. In a haunting echo of his earlier remark that Assam would “shut down for seven days” upon his passing, the state seemed to fulfil his prophecy. The cultural heartbeat he embodied fell silent.


Months later, when Post Malone arrived in Assam for a performance, the global superstar stepped into an emotional landscape still shaped by that loss. Guwahati was ready for a high-voltage concert, but what unfolded was a reminder of the immense cultural space Zubeen once occupied. As Malone paused mid-performance to honour the late legend, saying, “To be in the home of the great legendary Zubeen tonight… I’ve come to play some street songs,” the crowd erupted not just in excitement, but in collective remembrance.


Reopened Wound

The tribute was unexpected, and it reopened a wound that had barely begun to heal. Social media lit up instantly, with fans describing the moment as heartfelt and deeply resonant. The applause that followed was not only for the American artist but for the memory of the man whose absence still defines the cultural mood of the region.


In that moment, Guwahati became the stage where two worlds met: one global, electrifying and loud; the other, grieving, nostalgic, and searching for the familiar voice it had lost. The Post Malone concert didn’t fill the vacuum because perhaps it can never be filled but it made the silence Zubeen left behind feel alive again.


Assam still measures its cultural pulse against the space Zubeen once occupied.  Every tribute, every memory, every gathering reminds people of the unmistakable truth: the void he left is permanent, and the landscape of Assamese music will forever bear the imprint of the legend who is no longer here.


Charges Framed

A Special Investigation Team (SIT), probing into the death of singer Zubeen Garg, on Friday charged four accused – Shyamkanu Mahanta, Siddhartha Sharma, Shekhar Jyoti Goswami and Amritprava Mahanta – with murder in its chargesheet filed in a Guwahati court.


Shyamkanu Mahanta was the chief organiser of the North East India Festival, which was attended by Garg in Singapore, where he died under mysterious circumstances while swimming in the sea on September 19.


Garg's cousin and suspended Assam Police officer Sandipan Garg has been charged with culpable homicide not amounting to murder in the chargsheet submitted at the Chief Judicial Magistrate's Court earlier in the day, lawyers said.


Sharma was the singer's secretary, while Shekhar Jyoti Goswami and Amritprava Mahanta were members of Garg's band.


The singer's two personal security officers (PSOs) Nandeswar Bora and Prabin Baishya have been charged under Section 31c of the BNS, which deals with criminal breach of trust by misappropriating funds or property entrusted to them, the lawyers said.


The Assam government had constituted the SIT, led by Special DGP M P Gupta, to investigate into the singer's death.


Chief Minister Himanta Biswa Sarma had claimed in the recently concluded assembly session that Garg's death was 'plain and simple murder'.


(The writer is a media professional and a Research Associate with IIM, Shilong. Views personal.)

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