WORKSHOP REPORT On Financial Planning of Young Investors

Transcription

1 WORKSHOP REPORT On Financial Planning of Young Investors Date: 1 st March 2013 Venue: Parul Institute of Management and Research Limda, Vadodara, India Prepared by: Prof.Anjulika Singh,PIMR

2 Parul Institute of Management and Research organized workshop on Financial Planning for young investors" on 1st March 2013 at Parul s Central Auditorium. The Inaugural session began with welcome to the expert speaker Dr. Gyanesh Sharadchandra Desai, SEBI Certified Trainer by Dhaval Desai,Student of Semester 4 (Finance), PIMR under the guidance of Prof.Anjulika Singh and Prof.Divyang Joshi, Parul Institute of Management and Research. Workshop was Conducted with the valuable inputs from Trustee Dr.Parul Patel and Director Dr.P.G.K Murthy who invited Dr. Gyanesh Sharadchandra Desai to enhance the knowledge of students of 4 Semester,MBA with a motto Early to earn implies early to save and early to invest. It was followed by lightening of lamp.life without financial planning is like unplanned vacation, if we wish to achieve our financial goal successfully and peacefully we must plan our financial life. Prof.Anjulika Singh& Dhaval Desai

3 RESOURCE PERSON PROFILE Dr. Gyanesh Sharadchandra Desai is working as Associate Professor in Department of Accounting and Finance, of Faculty of Commerce, M S University of Baroda. He is having a teaching experience of twenty years. He Had Presented various papers at international and national conferences. Last but not the least he has also been appointed by SEBI as Resource Person for Investor Education. Dr. Gyanesh Sharad Chandra Desai, SEBI Certified Trainer

4 Financial planning means to plan our finances which help you identify our financial needs and objectives and then make investments accordingly to meet our requirement. Youth is wasted on the young." But that doesn't have to be the case, at least when it comes to our financial life. In matters of financial planning, being young has big implications and huge advantages for the people who make smart decisions. Having financial knowledge is no good if one does not know what the basic mistakes of a young investor are basically makes. Planning of finances is necessity for all individuals.may it be a professional, individual or a senior citizen. Financial planning come into picture at every stage of life.the early we begin to manage our money, the better it is. Dr. Gyanesh Sharad Chandra Desai, SEBI Certified Trainer & Dr.P.G.K.Murthy, Director, PIMR

5 Expert s Speech Keeping a personal budget will allow a student to manage his monthly expenses and will not face financial crunch. Just like professionals, students also complain about month ends. He also explained the steps involved in Financial Planning Process which are: 1) Gather Financial Data 2) Identify financial goals 3) Identify financial issues & gaps 4) Prepare a financial plan 5) Implement financial 6) Monitor & review the While preparing the prerequisites to the financial plan, he advised us to have all short term, medium term & long term goals jotted-down on a piece of paper. It will act as a parameter to decide upon the saving & investment strategy. One important thing to note while working on goals is that all the goals must be SMART goal: S-Specific M-Measurable A-Attainable R-Realistic T-Time He also mentioned about the Risk-Return trade off. He quoted that level of your investment depends on the level of risk you take and the higher the risk, the higher is the return. Compounding is a tool that helps you make phenomenal growth in your investments over a period of time, to which he added, Do not forget the rule of 72.

6 While making a decision on which investment to choose, he asked us to look at the inflation level. Inflation level and the return on investment will tell you if you re on the right investment plan. He also explained the instruments available in the market such as: 1) Tax saving schemes such as NSC(National Savings Certificate), PPF etc 2) Equity Linked Savings Schemes (ELSS 3) Infrastructure Bonds 4) Insurance (ULIP, Health, Life etc ) 5) Mutual Funds & Equity Markets The Workshop engrossed in the interactive session After deciding on the investment instrument, it is necessary to have a proper investment strategy. Systematic Investment Plan (SIP) is the most used and renowned investment strategy to start off with. A fixed amount of money is invested in the selected financial instrument through ECS from bank account and maintains the investment level. At last, he emphasized on keeping track of all of the investments and stay informed about issues that may affect investments like taxes & inflation. Interaction by participants during question answer session was appreciated by Dr. Gyanesh SharadChandra Desai, SEBI Certified Trainer. Participants present in auditorium during workshop

7 PRIZE DISTRIBUTIONS Winner of Business standard B school quiz, RAKESH BHADALIYA Winner of stock mind Conducted by ICICI Securities, DIPAK KATHROTIYA

8 Token of appreciation by Prof.Divyang Joshi,PIMR to Dr. G S C Desai Vote of Thanks by Prof.Anjulika Singh Conclusion This workshop was successfully carried out and expected results were achieved. Participants knowledge on Financial Planning for young investors" was improved through participation in this workshop.