OBJECTIVE :
· Creating awareness in students about various investment instruments.
· To make students have a deeper understanding about the financial planning.
TOPICS COVERED :
1. Introduction About Investment Awareness - By Prof. Manoj Louis
2. Financial Literacy - By Mr.Naveen Rego
3. Back To Basics Of Financial Market Planning - By Mr. Leo Amal
4. Basics Of Money Management For Youngsters Starting Work. - By Ms.Sapna Shenoy
INAUGURAL SESSION : The Department of Business Administration of St Joseph Engineering College (SJEC) Mangalore conducted a Workshop On Investment Awareness in Youngsters, on 17th March 2023. The Programme was inaugurated on 17th March 2023. Mr. Manoj Louis was the chief guest for the program. Rev. Fr Wilfred Prakash - Director, SJEC , Rev. Fr Alwyn Richard Dsouza, Assistant Director SJEC - Dr. Rio Dsouza Principal SJEC and Dr. Prakash Pinto - Dean, Department of Business Administration & The convenor of the programme Dr. Anjali Ganesh were guests of honour. The Programme began with a short prayer, further continued with a welcome note to the chief guest Prof Manoj Louis.
Prof Manoj Louis gave a brief introduction about the topic - Investment Awareness
· Having a good knowledge on investments
· What must one do with money in the context of Investment.
· The consistency & discipline required , especially when invested in stock market.
· Also how one can avoid making mistakes & lea from the same
Rev. Fr Wilfred Prakash - The Director - SJEC : Emphasised on one must have the power of knowledge and understanding to invest and expect valuable retus
· We must lea to invest and ea money through ethical ways.
· And must use the tool to build ourselves and use it for the betterment of others
The formal programme was concluded with a vote of thanks by Donald Crasta.
Part 1 of the session was taken over by Naveen Rego - SEBI registered investment advisor & a certified financial planner, Practising financial planning & wealth management for individuals & families for last 20 years.
· Having basic knowledge on finance. We can avoid mistakes when the decision taken in financial market is not emotionally involved. We must always check for authorised regulators for any purchase & investment. One must spend less than the budget and save more to be financially stable. Stressed upon the topic - power of compounding - on how to accelerate the growth of our savings & investments over time. He stated that the most important investment to be made is on ourselves than any stocks, mutual funds, bonds, real estates, or gold etc.. One must make a wise purchasing decision now, buying what's not required can lead to selling the Essential products in future.
Important Points:
= Insurance is not just about savings. = We must avoid bad debts & must understand the interest rate calculation. = One must keep his/ her documents updated - Aadhar card, voter id, pan card, email id etc.. = All of us must value the rules & regulations of the country and must be responsible citizens - paying tax's regularly. Always save more and must start saving at an early age. = Must take guidance when in need than blindly entering the market or taking decisions.
Concluded the talk with a short video stating : "Don't enter into anything with half knowledge it can not only be dangerous but also destructive”.
PART II : of the session was taken over by Mr. Leo Amal. - Senior branch manager in Franklin Templeton.
He focused on why invest in mutual funds - As Buying shares in mutual fund is an easy way to diversify the investments across many securities and asset categories such as equity, debt and gold, which helps in spreading the risk.
· Why bank interest rates are decreasing.?
- Decrease in interest rate in an economy will increase the money supply, thus increasing the investment expenditure. With low interest rates, the banks will have more leverage to lend money to businesses and to citizens to purchase household items or to invest in productive things.
· He further stated that Gold is lucrative but investing in real estate would require lakhs together & is expensive. One must invest in brands in which we trust
· We must always check for regulators -
1. Bank - Reserve Bank of India (RBI),
2. Stock Market - Securities and Exchange Board of India (SEBI),
3. Insurance - Insurance Regulatory and Development Authority of India (IRDAI)
4. Pension - Pension Fund Regulatory & Development Authority
5. Real Estate - Real Estate Regulation Authority (RERA)
Advantages of investing in Mutual Funds: Low Cost, Dividend reinvestment, Wealth generation
He further Spoke about wealth pyramid - Debt, Equity , Gold , Real estate
Important Aspects: Must invest in stocks that last longer and Must invest for long term to overcome short term volatility , should give importance to asset allocation - dividing investments among different assets
· How SIP, SWP, STP works
1. SIP - A Systematic Investment Plan (SIP) is a disciplined approach to investing where you invest a fixed amount of money in a mutual fund at regular intervals. We can decide the investment amount, frequency and tenure based on your financial goals.
2. Systematic Withdrawal Plan (Or SWP) is a redemption plan that allows you to withdraw a fixed amount from your fund at regular intervals. You can consider this as a complete opposite of SIP because if SIP is an investment plan, SWP is a withdrawal plan.
3. A Systematic Transfer Plan (or STP) gives you the option to shift your investments from one mutual fund scheme to another. This is possible for schemes of the same fund house. If you break it down, STP is actually another form of SIP. But instead of transferring money from your bank account to the mutual fund, you transfer from one fund to another regularly.
Mr Leo Amal Concluded the session by explaining what is compounding: Compound interest or compounding means not only receiving the interest on the basic principal amount that we have invested but also on the interest that keeps getting added on to it.
The Last Session was taken over by Ms. Sapna Shenoy is an investment services professional. She holds a rich experience of 6+ years in mutual fund industry . she worked for asset management companies like Franklin Templeton, ICICI Prudential & HDFC Mutual Fund after which she started her own advisory firm in Nov 2016.
Ms Sapna spoke about - Money Management for youngsters starting work. Emphasizes on Building a general investment fund across different types of asset classes. One must lea to differentiate between short term & long term monetary needs & invest accordingly. As youngsters we should establish emergency fund equal to one years normal living expenses in RD/FD or a liquid mutual fund. One must get rid of debt especially unproductive & open ended debt. The session was very informative as students gained knowledge about investment opportunities & about the importance of financial literacy & various financial instruments through which we can invest.
