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    5 Investing Lessons from Cricket

    Transcript

    Mar 23, 2023
    2 Mins Read
    Amrita Panja

    Listen to Article

    Investments are not a one-time thing. Much like the game of cricket, they require strategy, guidance, patience, and persistence for the long haul. With the cricket season in full force, let’s look beyond just the game and reflect on these five lessons from cricket that can help you invest better:

    Know the Pitch You are Playing On


    Just as players check the pitch and weather conditions before the game, knowing the financial environment helps your investment journey. This means taking stock of your income, liabilities, long- and short-term investment goals, having a sense of different asset classes as well as your risk appetite. Such preparations will be crucial for your investment strategy.


    Guard the Stumps


    In cricket, all efforts of the batsmen are directed at saving their wicket and stumps. To stay in the financial game, there are three stumps that always need to be guarded – an emergency fund (a balanced reserve bench of the cricket team), regular income (the playing 11), and growth or appreciation (run/strike rate). Investing in an emergency fund that meets necessary expenses for three to six months is an underrated practice. Resist the urge to liquidate investments as soon as they start showing gains.


    Team of Diverse Assets


    A cricket team would be ineffective if it didn’t have a great mix of talents – everything from batting and bowling to fielding and wicket-keeping – that can rise up to the challenges of the game. Similarly, investors need to diversify their portfolios to reduce risks, smooth out returns and enjoy better performance in the longer term. Depending on one’s risk appetite and market cycles, one may choose to invest in various classes of assets, including fixed income, equities, real estate, or commodities.


    Eye on the Ball


    Winning, in cricket and investing, is all about staying focused and disciplined when it comes to one’s investment journey, keeping an eye on the peaks and lows, and being ready for curveballs. Just as rotating strikes keep the scoreboard moving, it is important to keep investing during the ‘low’ market conditions, even if these are small amounts.


    Importance of a Coach


    Like a cricket team, your investment plan too needs a coach. Someone who can impart technical know-how, identify your goals, address your weaknesses, develop your strengths and, most importantly, keep your investment habits on track.


    The views expressed in this article are for knowledge/information purpose only and is not a recommendation, offer or solicitation business or to buy or sell any securities or to adopt any investment strategy. Aditya Birla Sun Life AMC Limited (“ABSLAMC”) /Aditya Birla Sun Life Mutual Fund (“the Fund”) is not guaranteeing/offering/communicating any indicative yield/returns on investments.


    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.



    Amrita Panja

    About Author

    Ms. Amrita Panja is Head – Knowledge Centre at Aditya Birla Sun Life AMC Limited. She brings with her over 15 years of rich experience in communications, content strategy and curating corporate thought leadership. In her current role, she leads the ABSLAMC Knowledge Centre initiative, which is the thought leadership arm of the company.

    In her earlier role with the ABSLAMC, Amrita was leading the Corporate Communications practice between December 2017 to February 2022. During this period, she conceptualised an award-winning content property named ‘WoMoneyKiBaat’ that put the spotlight on money conversations and investment among women. The campaign won a Bronze at the Maddies 2019 in the Gender Equity Category and the Grant Thornton Sabera Awards 2020 in Gender Equality category. She is winner of the PR & Corp Communications 40 under 40 title from Exchange4media and Young Achiever 2022 from the World Marketing Congress.

    She began her career as a broadcast journalist. She has worked with leading news channels such as Times Now, CNN IBN (now CNN News18) and CNBCTV18 and has been at the forefront of reportage on some significant news breaks and large format features.

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