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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.)

Warriors of the Night

Updated: Oct 22, 2024

We name our daughters Durga, Lakshmi and Saraswati; we worship the divine feminine power in the temples but oppress, repress and even attack the feminine power amidst us. That is the irony in the way India sees its women.


After the safety of the daylight fades, women are seen as easy prey by the predators of the night.

We mark the nine nights of Navratri, the festival of the goddess, by celebrating the dedication and valour of nine real-life women who brave the challenges of the night to pursue their dreams.


PART - 7


The Fearless Caregiver

The nurse at JJ Hospital advises women to officially report even a small unwelcoming gesture of anyone while at work in a written format.

The Fearless Caregiver

Shweta Kondvilkar, 38, staff nurse in JJ hospital, Mumbai


Round-the-clock shifts, emotional outbursts of relatives of the patients and at times, being the only woman on the floor at night in a huge hospital—Shweta Kondvilkar, 38, has had various experiences as a medical caregiver. Her motto is— “do not react and report immediately”. She’s experienced ward boys not wanting to take instructions from her because she is a woman, has seen “unfriendly gestures” from colleagues and faced aggression from patients’ relatives in case of an unfortunate outcome of the treatment. “I report everything in the written form. For example, usually people understand a relative’s misbehavior out of emotional outburst, but if a nurse reacts while on duty, no one will understand or support her. Hence, I believe in being vocal, and submit all concerns in the written format which leaves proof behind. The moment you sense even a small intimidating gesture, you must raise it by writing about it officially and not by entering into a verbal altercation,” says Kondvilkar, who works as a staff nurse at the J J Hospital in Mumbai.


The hospital has its security measures in place round-the-clock. When nurses take rounds in the night to check patients’ details, a security guard accompanies them. Citing the example of the gruesome Kolkata rape and murder of a woman doctor, Kondvilkar asserts that it’s important for women to be vigilant and aware of their surroundings. “What others do is beyond our control. We must learn to defend ourselves,” she says.


While performing her duties, Kondvilkar emphasizes that one should not trust anyone blindly and always be aware. “Never trust a guard. Not even another woman. I am very saddened by the fact that from what I have read in news about the Kolkata case, the victim had dinner with a group of colleagues that included females. The ones who tied her hands were females. She chose to rest in a seminar room that couldn’t be locked from inside is shocking. Also, reports said that the crime scene was tampered and the room was renovated. It’s a racket. It’s not possible to physically fight back. The victim was exhausted after three days of rigorous duty. My humble advice to all women is, sometimes reacting makes matters worse. Be aware of the people around you, and try to keep safe distance from individuals whose gestures are doubtful and immediately take official action to keep potential predators on check,” she says.


Nurses, she says, are more vulnerable than doctors because they are present with the patient round the clock attending to all the needs and also patiently handling the relatives. “Hospitals are well equipped and they usually stand by every woman who feels intimidated,” she says. Kondvilkar recalls the example of Aruna Shanbaug who, while working as a junior nurse at King Edward Memorial Hospital in Mumbai, was sexually assaulted in 1973 by a hospital janitor. “She was bed ridden for years. The hospital stood by her and took very good care of her,” she says.


A dedicated professional, she states that she is proud to be part of a hospital that felicilated nurses for the care given during Covid. “Usually doctors are felicitated but no one appreciates a nurse,” she says.  

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