Uncover the financial wisdom hidden in the festivities of Sankranti
Across India, we celebrate the harvest season with varied names like Sankranti, Pongal, Bihu, and Lohri. This reflects the beauty of 'unity in diversity' – one season, many celebrations.
Sankranti Sows the Seeds of Prosperity.Across India, we celebrate the harvest season with varied names like Sankranti, Pongal, Bihu, and Lohri. This reflects the beauty of 'unity in diversity' – one season, many celebrations.
Similarly, in mutual funds, one investment avenue can help you achieve many financial goals. From a dream car to a happy retirement, mutual funds can help you fulfill all your aspirations.
It is a day dedicated to worship the Sun god, honour the cattle and celebrate the harvest. It is observed with bonfires, feasts and kite flying. Sankranti's significance extends beyond tradition - it also offers valuable financial insights.
Makar Sankranti is celebrated for even four days in Tamilnadu Bhogi, Sankranti ,Cow’s festival and Kanuma. Each day represents a different financial lesson that can be applied to modern investing.
Day 1: Bhogi – Cleansing and sow seed for new beginnings:
On Day one, bonfires are lit to burn old items, symbolising the removal of negativity. In finance, let’s understand to declutter our Investment portfolio, Also Review and Rebalance our portfolio on a periodical basis. This day is to thank the Rain god Indra who supported the agricultural productivity with monsoon for a better harvest.
Day 2: Sankranti – Honour the Sun God
This day is to thank the sun god who supported for a better harvest. In financial parlance,sow seeds via investments for every financial goal that you have. Also enjoy the returns when the share market oriented avenues rallies throwing superior returns, by keeping an eye over your asset allocation.
Day 3: Mattu Pongal – Celebrate the Cattle
The unspoken support extended by the cows and bulls are reciprocated by people. Bull and Bear symbols rule the stock markets. Always invest more in the bear market phase in the Equity markets and try to book profits when bull favours you. But be patient by investing via systematic investment plans in Equity mutual funds to beat the inflation and for long term capital appreciation.
Day 4: Kanum Pongal – Family Reunions and Social Celebrations
On this day families join together to celebrate and take blessings of the elders. In financial parlance, always get along with like minded people, consider to take the guidance of the advisors to gain more knowledge before investing.
Sankranti's essence can be distilled into valuable financial lessons: mindful spending, saving for the future, and promoting sustainable growth. This festival emphasizes the importance of responsible resource management, shared values, and investing in skills and knowledge to secure a prosperous financial future – benefiting individuals and communities alike.
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