IIMB's Centre for Capital Markets & Risk Management and National Stock Exchange host a series of webinars for World Investor Week from Nov 23-29
30 November, 2020, Bengaluru: IIM Bangalore's Centre for Capital Markets & Risk Management (CCMRM) in association with National Stock Exchange-Investor Protection Fund Trust (NSE-IPFT) and the Securities and Exchange Board of India (SEBI) hosted a series of webinars to mark World Investor Week 2020, from November 23 to 29, 2020. The objective of the webinars is to raise awareness on investor education and protection. A myriad of events from eminent speakers across the forum explained the intricacies of the investment scenario of India.
Financial education is an assemblage of financial concepts, possessing the ability and confidence to manage personal finance by taking short-term decisions and making long-term planning, considering individual life cycle events as well as changes in economic environment.
The web lecture series began with opening remarks by Monika Halan, consulting editor with Mint and author of the bestseller ‘Let’s Talk Money’. Given the present pandemic situation and its economic aftermath, speakers chose to focus on the present and future scenarios that the global financial market may encounter with most markets touching the lower circuit sometime or the other in the last few months. Ms Halan spoke on ‘Encountering Pandemic with Quality Investment Planning’.
Prof Shobhit Aggarwal of IIM Udaipur, focussed on ‘What caused global stock market meltdown during the COVID pandemic–lockdown stringency or investor panic?’ The presentation by Dr. Rohtas Kumar, Director at CRISIL, underscored ‘How has risk management changed due to the pandemic?’
The featured speaker, Ravi Varanasi, Chief Business Officer of National Stock Exchange, explained the ‘Evolution of Market Infrastructure in Securities Market’. Hari K, Chief Business Development Officer, NSE, shed light on ‘Listing on Stock Markets-A Fund Raising Platform’. Rehana D’Souza, Vice President and Head of Business Development, NSE, spoke about the ‘Importance of Investor Education in Securities Markets’.
The main theme of investor’s education is financial planning, budgeting, market setup and operations, product features and risks, rights and obligations of users and providers of financial products, and dispute resolution. Badri Narayanan of India Capstone Limited, introduced the online viewers to the basics of investing by the process of ‘Learning by Doing’.
Prof Sankarshan Basu, faculty of the Finance & Accounting area of IIM Bangalore, made a presentation in which he noted the implications of Non-Performing Assets leading to Non-Banking Financial Company’s crisis. Prof M Jayadev, Chair, Centre for Capital Markets and Risk Management, and faculty in the Finance & Accounting area, IIMB, laid emphasis on ‘Investing in Bonds: Opportunities and Risks’. Prof Chetan Subramanian, Dean, Faculty and faculty in the Economics & Social Sciences area of IIMB, demystified the Indian macroeconomic scenario.
Another guiding question is ‘Do Investors Gain from Tips?’ Manjit Singh of Kotak Securities, explained the challenges included, among other things, to follow a format based on concrete goals, targets and indicators helpful in analyzing the market scenario. Krishnan Ranganathan, Executive Director, Nomura India, walked the audience through the prevalence of value investing in his talk, ‘Does Value Investing still make sense for Global Investors?’
Planning is the core of saving money. Not only is it important to save, but also to invest. Investments can be in any form - stocks and shares, mutual funds, systematic investment plans, fixed deposits, to name a few. The discussion and presentation by Dr V R Narasimhan, Dean, National Institute of Securities Market, underscored the importance of ‘Stewardship Code’ of investing.
In conclusion, CCMRM emphasizes on the importance of investment strategies, as an asset to every individual household. The recorded videos are available at https://pie.ccmrm.org/#/.
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