It will 13 years without a national league title for East Bengal as a 1-0 win at the hands of DSK Shivajians has taken them out of the title equation with two rounds to go.
In pole position with six games to go and first in the table, the Lal Holud have lost their last four league games and now find themselves six points behind both Mohun Bagan and Aizawl and with two games to play, cannot overtake them as they have an inferior head-to-head record when compared to both the teams.
Still reeling from their derby defeat at the hands of Mohun Bagan, East Bengal paid the price for a shaky start by conceding in the 28th minute when an unmarked Jerry Mawihmingthanga turned in Spanish forward Juan Quero’s cross. The second half saw visiting goalkeeper Subrata Paul denying East Bengal a number of times to come back into the game.
Trevor Morgan made five changes to the side that lost the derby: T.P. Rehenesh, Robert Lalthlamuana, Romeo Fernandes, the suspended Willis Plaza and Wedson Anselme made way for Subhashish Roy Chowdhury, Jackichand Singh, Bikash Jairu, Chris Payne and Robin Singh in the starting XI.
The visitors looked the sharper side in the opening exchanges with Jerry heading wide early on. The diminutive player was not denied much longer as Shivajians took the lead heaping further misery on East Bengal in the 29th minute. A wonderfully weighed floated cross by Juan Quero found Jerry unmarked inside the area, the midfielder heading in with ease.
Paul did not allow East Bengal to level in the 33rd minute, pulling off a double save to deny Rowlin Borges and Bikash Jairu.
Trevor Morgan injected Wedson Anselme in place of Ruidas at the start of the second period for the elusive goal as Kingfisher East Bengal created a flurry of chances. Wedson set up Rahul Bheke whose shot as parried over by an alert Paul.
Payne was at the heart of the Red and Golds’ next move as the Aussie’s first attempt was cleared on the line by Bosnia and Herzegovina defender Sasa Kolunija and then Paul latched onto the rebound.
Subhashish halted Shivajians from extending their lead soon after, holding on to a Jerry header after the teenager combined well with Seityasen Singh.
Romeo Fernandes came in place of Jairu as Morgan went for the kill with time running out. Wedson saw his low drive saved acrobatically by Paul as East Bengal crashed to another defeat.
East Bengal 0 lose to DSK Shivajians 1 (Jerry Mawihmingthanga)
Want to retire at 45? Make your money work for you
Common sense and some discipline are all you need.
Dreaming of writing that book or taking that cruise when you hit your 40s? Well, this dream need not be unrealistic.
All it takes is simple math and the foresight to do some smart financial planning when you are still young. If you start early and get into the discipline of cutting down on unnecessary expenditure, using that money to invest systematically, you can build wealth that sets you free to tick those items off your bucket list sooner than later.
A quick look at how much you spend on indulgences will give you an idea of how much you can save and invest. For example, if you spend, say Rs. 1,000 on movie watching per week, this amount compounded over 10 years means you would have spent around Rs 7,52,000 on just movies! You can try this calculation for yourself. Think of any weekly or monthly expense you regularly make. Now use this calculator to understand how much these expenses will pile up overtime with the current rate of inflation.
Now imagine how this money could have grown at the end of 10 years and overcome the inflation effect if you had instead invested a part of it somewhere!
It is no rocket science
The fact is that financial planning is simpler than we imagine it to be. Some simple common sense and a clear prioritization of life’s goals is all you need:
Set goals and work backwards: Everything starts with what you want. So, what are your goals? Are they short-term (like buying a car), medium-term (buying a house) or long-term (comfortable living post-retirement). Most of us have goals that come under all the three categories. So, our financial plans should reflect that. Buying a house, for example, would mean saving up enough money for up-front payment and ensuring you have a regular source of income for EMI payment for a period of at least 15-20 years. Buying a car on the other hand might just involve having a steady stream of income to pay off the car loan.
Save first, spend later: Many of us make the mistake of putting what is left, after all our expenses have been met, in the savings kitty. But the reverse will have more benefits in the long run. This means, putting aside a little savings, right at the beginning of the month in the investment option that works best for you. You can then use the balance to spend on your expenditures. This discipline ensures that come what may, you remain on track with your saving goals.
Don’t flaunt money, but use it to create more: When you are young and get your first job, it is tempting to spend on a great lifestyle. But as we’ve discussed, even the small indulgences add up to a serious amount of cash over time. Instead, by regulating indulgences now and investing the rest of your money, you can actually become wealthy instead of just seeming to be so.
Set aside emergency funds: When an emergencyarises, likesudden hospitalisationor an accident, quick access to money is needed. This means keeping aside some of your money in liquid assets (accessible whenever you want it). It thus makes sense to regularly save a little towards creating this emergency fund in an investment that can be easily liquidated.
Don’t put all your eggs in one basket: This is somethingany investment adviser will tell you, simply because different investment options come with different benefits and risks and suit different investment horizons. By investing in a variety of instruments or options, you can hedge against possible risks and also meet different goals.
How and Why Mutual Funds work
A mutual fund is a professionally managed investment scheme that pools money collected from investors like you and invests this into a diversified portfolio (an optimal mix) of stocks, bonds and other securities.
As an investor, you buy ‘units’, under a mutual fund scheme. The value of these units (Net Asset Value) fluctuates depending on the market value of the mutual fund’s investments. So, the units can be bought or redeemed as per your needs and based on the value.
As mentioned, the fund is managed by professionals who follow the market closely to make calls on where to invest money. This makes these funds a great option for someone who isn’t financially very savvy but is interested in saving up for the future.
So how is a mutual fund going to help to meet your savings goals? Here’s a quick Q&A helps you understand just that:
How do mutual funds meet my investment needs? Mutual Funds come with a variety of schemes that suit different goals depending on whether they are short-term, medium-term or long-term.
Can I withdraw money whenever I want to? There are several mutual funds that offer liquidity – quick and easy access to your money when you want it. For example, there are liquid mutual funds which do not have any lock in period and you can invest your surplus money even for one day. Based on your goals, you can divide your money between funds with longer term or shorter term benefits.
Does it help save on taxes? Investing in certain types of mutualfunds alsooffers you tax benefits. More specifically, investing in Equity Linked Saving Schemes, which are funds that invest in a diverse portfolio of equities, offers you tax deductions up to Rs. 1.5 lakhs under Section 80C of the Income Tax Act.
Don’t I need a lot of money to invest in MFs? No, you can start small. The returns in terms of percentage is the same irrespective of the amount you invest in. Additionally, the Systematic Investment Plan (SIP) allows you to invest a small amount weekly, monthly or quarterly in a mutual fund. So, you get to control the size and frequency of your investment and make sure you save before you spend.
But aren’t MFs risky? Well many things in life are risky! Mutual funds try to mitigate your risk by investing your money across a variety of securities. You can further hedge risk by investing in 2 to 3 mutual offers that offer different growth stories i.e. a blue-chip fund and a mid-cap fund. Also remember in a mutual fund,your money is being managedby professionals who are constantly following the market.
Don’t I have to wait too long to get back my returns? No! Mutual Funds, because of the variety of options they offer, can give you gains in the short or medium term too.
The essence of mutual funds is that your money is not lying idle, but is dynamically invested and working for you. To know more about how investing in mutual funds really works for you, see here.
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
This article was produced by the Scroll marketing team on behalf of Mutual Funds Sahi Hai and not by the Scroll editorial team.