  The sunspot number varies roughly periodically with time. However the
individual cycle durations and the amplitudes are found to vary in an irregular
manner. It is observed that the stronger cycles are having shorter rise times
and vice versa. This leads to an important effect know as the Waldmeier effect.
Another important feature of the solar cycle irregularity are the grand minima
during which the activity level is strongly reduced. We explore whether these
solar cycle irregularities can be studied with the help of the flux transport
dynamo model of the solar cycle. We show that with a suitable stochastic
fluctuations in a regular dynamo model, we are able to reproduce many irregular
features of the solar cycle including the Waldmeier effect and the grand
minimum. However, we get all these results only if the value of the turbulent
diffusivity in the convection zone is reasonably high.
