In a heavy-bottomed pan, add sugar and saute for 10 - 15 seconds
Add butter and cook on a medium flame, keep mixing continuously
Butter will start melting down. Keep mixing
Sugar gets well incorporated with melted butter and changes into a pale brown color
Keep mixing, and simmer the flame to low
Sugar melts down completely, and sugar syrup changes color (like pale jaggery syrup), which is the caramel
Switch off the flame and add hot milk carefully (watch out for splattering)
Milk will rise and become frothy
Turn on the flame to medium and mix well
Payasam boils well
Add cardamom powder and mix well
Boil the Payasam for 5 -6 minutes, keep mixing once in a while
Add Pista and almonds, mix well, and switch off