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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.)

Varsity Turmoil

Oct 31, 2024
2 min read

Jawaharlal Nehru University (JNU) and other elite Indian academic institutions increasingly find themselves in the spotlight for all the wrong reasons. So-called ideological battles waged in the campuses of such varsities needlessly deepen social divides. JNU’s recent scuffle during a University Governing Body Meeting (UGBM), where students from leftist groups clashed with Akhil Bharatiya Vidyarthi Parishad (ABVP) members over alleged derogatory remarks about Lord Ram, reveal a pattern across elite institutes where a narrow ideological stance often dictates what can or cannot be voiced on campus.


The ABVP, the student wing affiliated with the Rashtriya Swayamsevak Sangh (RSS), issued a scathing condemnation, accusing leftist students of attempting to stoke communal disharmony by disrespecting Hindu religious icons with a deliberate attempt to provoke.


The Ramjanmabhoomi dispute, centering on the birthplace of Lord Ram and the contested site in Ayodhya, has been one of India’s most politically charged issues for decades. Left-leaning academics, many of whom have had their haunts in JNU, have played a highly contentious role in this narrative, often distorting and selectively interpreting historical evidence and, in some cases, casting doubt on Hindu claims to the site.


Earlier in March this year, the campus has witnessed slogans from leftist students calling for liberation from ‘Brahmanism,’ for supporting Palestine and raising contentious statements critical of the government. Videos had circulated showing students chanting, “Mile Phule-Kanshi Ram, Hawa Mein Ud Gaye Jai Shri Ram”—a slogan hearkening back to the early 1990s when the Samajwadi Party-Bahujan Samaj Party alliance directly confronted Hindu nationalist slogans. In the backdrop of these chants lies the shadow of past controversies, such as the infamous 2016 protests in which slogans like “Bharat tere tukde honge” (India will be broken up) had resonated through JNU’s halls.


Why does an institution ostensibly devoted to scholarly pursuit indulge in polarizing rhetoric?


Established in the 1960s, JNU was conceived as an experimental institution - a cradle for progressive ideas that could challenge orthodoxy. Yet over time, leftist ideologies came to dominate the campus ethos. Today, many student bodies continue to believe that JNU’s role is to serve as the voice of dissent, unafraid to confront mainstream political currents. For some on campus, slogans critiquing Hindu nationalism are seen not as anti-Hindu but as anti-majoritarian, challenging a religious-political nexus viewed as a threat to India’s secularism.


JNU has produced generations of activists and scholars who see themselves as challengers of the mainstream but often fail to recognize the downright impracticality and ideological blind spots in their approach.


Their campus rhetoric hardly produces any constructive debate.

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