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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.)

The Strategist of Kodambakkam

May 15
3 min read

Combative and relentlessly organised, Vijay’s chief aide is reshaping Tamil Nadu’s political grammar


When actor-politician Vijay delivered a stunning performance in Tamil Nadu’s recent assembly elections, much of the public fascination centred on the star himself, who became Chief Minister by unseating the DMK’s M.K. Stalin.


Yet, in the smoke-filled backrooms of Chennai’s political class, attention quickly shifted to a less theatrical but arguably more consequential figure: Aadhav Arjuna, Vijay’s closest lieutenant and the organisational architect of the Tamilaga Vettri Kazhagam (TVK).


Arjuna, who won the Villivakkam assembly constituency by defeating the DMK’s Karthik Mohan with a margin of 16,517 votes, represents a new species in Tamil Nadu politics. He is not a hereditary satrap, nor a film idol elevated by fan clubs. Instead, he is a political technocrat - a strategist who combines corporate polish, sports-administration discipline and ideological flexibility in a state long dominated by towering personalities and emotional rhetoric.


At 44, Arjuna’s rise mirrors the transformation of Tamil politics itself. For decades, the state’s political theatre revolved around cinema charisma and Dravidian symbolism. But TVK’s emergence suggests an appetite for something more managerial, data-driven and modernised. Arjuna has positioned himself as the embodiment of that shift.


Born in 1982 into a struggling agricultural family in Trichy, his early life was far removed from the corridors of power he now inhabits. He studied at YWCA School and later at Ramakrishna Mission School before moving to Chennai for higher studies at Madras Christian College, where he read political science. But it was basketball, not politics, that first shaped him.


Living at the Sports Development Authority of Tamil Nadu hostel, Arjuna spent years practising at Chennai’s Jawaharlal Nehru Stadium. He played as a national-level basketball player until 2016. Friends describe him as someone more interested in systems and preparation than individual glory.


That instinct would define his later career. After a stint in the corporate sector, where he founded Arise Capital, Arjuna entered sports administration with unusual speed. He rose through the ranks to become president of the Basketball Federation of India and general secretary of the Tamil Nadu Olympic Association. Those positions expanded his networks across Tamil Nadu’s districts and introduced him to the mechanics of influence, coalition-building and institutional management.


Before becoming Vijay’s chief strategist, Arjuna operated behind the scenes for parties such as the Viduthalai Chiruthaigal Katchi (VCK) and reportedly advised elements within the DMK ecosystem. His brief stint as VCK deputy general secretary demonstrated both ambition and impatience. He appeared less interested in ideological purity than in political engineering, making him invaluable to Vijay.


Tamil Nadu has witnessed film stars entering politics before, often with spectacular openings and disappointing endings. M.G. Ramachandran and J. Jayalalithaa succeeded because they fused charisma with organisational discipline. Others failed because they mistook fan adoration for political structure. TVK’s leadership appears determined not to repeat that mistake.


Arjuna became the party’s institutional spine. He built booth-level networks, coordinated outreach campaigns and crafted a narrative that presented TVK not merely as another celebrity vehicle but as an alternative to the ageing Dravidian duopoly. On the campaign trail, he frequently framed the election as a battle between “data-driven governance” and outdated political structures.


It was a language unusual in Tamil Nadu politics, where appeals to identity, welfare and symbolism usually dominate. Yet Arjuna sensed a generational shift among urban voters, particularly in constituencies such as Villivakkam, one of Chennai’s most densely populated and politically competitive seats.


His own victory carried symbolic weight. Villivakkam has long been considered difficult terrain for newcomers because of the DMK’s entrenched urban machinery.


More recently, Arjuna has attempted to position himself as a moderate voice amid Tamil Nadu’s perpetual ideological battles over religion and caste. Distancing himself from Udhayanidhi Stalin’s inflammatory remarks calling for the “eradication” of Sanatan Dharma, Arjuna carefully differentiated between opposing inequality and opposing religion itself.


Unlike older Dravidian leaders, whose rhetoric often revelled in ideological absolutism, Arjuna prefers ambiguity and strategic positioning.


Yet, there is another contradiction. Arjuna’s election affidavit declared his assets exceeding a staggering Rs. 534 crore, making him one of Tamil Nadu’s wealthiest politicians. The son of a farmer who once lived in a sports hostel now owns extensive real-estate holdings and stakes in consulting and construction firms. Opponents see the emergence of another affluent power broker cloaked in reformist language.


For now, such contradictions appear secondary. In the aftermath of TVK’s breakthrough, Aadhav Arjuna has become something rare in Tamil Nadu politics: a backroom strategist who commands as much intrigue as the star he serves. 


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