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UGC HUMAN RESOURCE DEVELOPMENT CENTRE UNIVERSITY OF MUMBAI organises SHORT TERM COURSE ON FINANCIAL AND INVESTMENT PLANNING
Under RUSA
Co-ordinated by
Smt. Mithibai Motiram Kundnani College of Commerce and Economics Vidyasagar Principal K.M. Kundnani Bandra Campus Adv. Nari Gursahani Road, TPS-III, Off. Linking Road, Bandra (West), Mumbai - 400 050 Re-Accredited “A” Grade by NAAC - 3rd Cycle (May 2017) Permanently Afliated to University of Mumbai Recognized under Section 2(f) and 12(b) of UGC Act From 19th April 2021 to 24th April 2021 Time: 10:00 a.m. to 05.30. p.m.
Mr. Kishu Mansukhani President
Mr. Anil Harish Immediate Past President and Trustee
Mr. Anil Harish, one of the most sought after legal experts and financial analysts of the nation, as President of the Board, brings his forward looking futuristic vision to bear upon what the next generation would be aspiring for.
Dr. Niranjan Hiranandani Past President and Trustee Provost HSNC University
Ms. Maya Shahani Trustee
Mr. Lal Chellaram Trustee
Mr. Dinesh Panjwani Secretary HSNC Board, Vice Chancellor, HSNC University
Distinction of Serving at All three campuses of HSNCB. Joined in 1979 as a Lecturer and subsequently as Vice Principal of K.C. College, Churchgate. Thereafter he served as Principal of Smt. C.H.M. College, Ulhasnagar, and of Principal of R. D. National College, Bandra. He was invited by the University of Mumbai in 1998 to serve as NSS Co-ordinator. He assisted the Board actively to establish three institutions at Ulhasnagar during his tenure as a Principal of Smt. C.H.M College.
HYDERABAD (SIND) NATIONAL COLLEGIATE BOARD Trustee & President Mr. Kishu H. Mansukhani B.S.-M.E.
PRESIDENT'S MESSAGE It gives me great pleasure that Smt. MMK College of Commerce and Economics has taken the initiative to co-ordinate the multidisciplinary Short-Term Training Course of the UGC Human Resource Development Center, University of Mumbai, from 19th-24th April 2021 on the very relevant, contemporary topic – 'Financial and Investment Planning'. The Short-Term Course, conducted virtually, has drawn participation from teachers across the Nation, from Jammu to Kerala. I am certain that the sessions have been immensely benecial to teachers, especially during these pandemic times, and helped them to upgrade their knowledge and skills, and has also helped them advance their professional growth. My congratulations to Dr. Kishore Peshori and his team for taking the lead to coordinate this programme on such a practical topic and one which has immediate relevance. The need of the hour is to learn and understand the concepts of Financial Investment and Planning, and gain expertise on its various aspects. The programme will inspire the teacher-participants to disseminate this knowledge to their students and colleagues and to members of various professional communities, especially in the times when many other sources of learning have become limited due to the isolation imposed due to the COVID 19 pandemic.
I must take this opportunity to thank Dr K Shanti, Professor & Director UGC HRDC, University of Mumbai, for entrusting the responsibility of coordinating this Short-Term Course to Smt MMK College this time, and also involving the other institutions of the HSNC Board in leading roles, from time to time. I appreciate that the activities and sessions of this Short-Term Course (STC) have been compiled and are being released in the form of a Fillip book. With new changes in technology and communication, we need to reect and embrace change and look for ways to reach the maximum number of our stakeholders. The present times, grim as they are, have also opened up opportunities to innovate and identify means of revamping the educational practices in higher education. My best wishes are with all the participants and I hope that they have benetted immensely from the various sessions and that, with the multiplier effect, they will carry this knowledge into their classrooms and beyond. I appeal to all of you to follow all COVID-19 guidelines in your region and urge you to stay safe. Your life is very precious to your family, your students, your colleagues and to society.
Mr. Kishu H. Mansukhani, President, HSNC Board KISHINCHAND CHELLARAM COLLEGE BUILDING, VIDYASAGAR PRINCIPAL K.M. KUNDNANI CHOWK, 124, DINSHAW WACHHA ROAD, CHURCHGATE, MUMBAI - 400 020. TEL.: 22024361 FAX : 22811485 EMAIL : hsncboard@gmail.com WEBSITE: www.hsncb.com
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UGC HUMAN RESOURCE DEVELOPMENT CENTRE UNIVERSITY OF MUMBAI
PRINCIPAL'S MESSAGE
I am immensely pleased that our college has been given the opportunity to conduct the multidisciplinary Short Term Training Course from 19th-24th April 2021 , on the topic - Financial Investment and Planning. This is the second STC during my tenure that our college is conducting on behalf of RUSA and UGC HRDC, University of Mumbai. Smt.Mithibai Motiram Kundani College of Commerce and Economics has always been striving for excellence. Even though in this current situation of the pandemic that has created havoc all around the world, we have tried to do our best to be Atmanirbhar and keep our keep up our commitment to provide quality education. The Mission statement of our college speaks about our constant endeavour to motivate faculty towards continuous up-gradation in knowledge and delivery of teaching. This Pandemic has not only exposed the vulnerability in our health systems, but has also laid bare the weakened immunity of our personal nancial health. The need for a meticulously designed 'Financial Plan', customised to cater to our individual goals and desires cannot be undermined. This is true especially in the current scenario, where income losses abound.
industry and academia alike, the STC will denitely benet the participants. I am grateful to RUSA and UGC HRDC, especially Director Dr. K. Shanthi , for reposing their trust in us and giving us the opportunity to conduct this course. I feel honoured to be associated with such elite organisations, that are playing an important role in nation building. I would be failing in my duty if I don't thank my H(S)NC Board, which has extended parental support in making this program a grand success. I also would like to acknowledge the support of FDP committee of the college consisting of Mani, Chippy, Ravneet and Sheetal . Once again, I wish all the participants a wonderful learning experience and wish that this course would greatly enrich them and motivate them to be lifelong learners and contribute to the student community.
Dr. CA Kishore S. Peshori (I/C Principal)
In this context, this STC, aims to equip faculty with the arsenal required, that will undoubtedly help them to independently design their personal nancial plans. With a diverse set of speakers from
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
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UGC HUMAN RESOURCE DEVELOPMENT CENTRE UNIVERSITY OF MUMBAI
MESSAGE FROM DIRECTOR April 24, 2021
I am very happy that MMK College of Commerce and Economics, Mumbai which is coordinating the Short Term Course on "Financial and Investment Planning" under the aegis of UGC Human Resource Development Centre, University of Mumbai has come out with this ipbook. MMK College was established way back in 1961 and has over the years made rapid strides in various elds of education by introducing variety of courses to be in line with the changing needs of the students and has been reaccredited with 'A' grade by NAAC I appreciate the untiring efforts put in by Dr. Kishore Peshori, Principal and course coordinator and Dr. Mani Iyer, Vice Principal and joint coordinator for the smooth conduct of this online short term course. I am happy that this course has been successfully coordinated by them. The selection of the topics has been done with exemplary care with sessions taken by expert resource persons. I hope this course will be useful to you in your teaching and also for managing your personal nances as well. I wish you all the best.
Dr. K. Shanthi Professor-Director UGC HRDC University of Mumbai
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
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UGC HUMAN RESOURCE DEVELOPMENT CENTRE UNIVERSITY OF MUMBAI THEME: STC ON FINANCIAL AND INVESTMENT PLANNING Coordinated by: Smt. MMK College of Commerce and Economics, Mumbai Dates: April 19 to April 24, 2021
This course intends to help academicians to acquire the knowledge, skills, and attitudes required to operate ethically and responsibly in the highly regulated nancial services sector. This course will also help academicians to respond to the challenges posed by the changing nature of the Financial Services Industry. Participants of the course would be exposed to the signicant terms, concepts, and theories related to wealth and investment management. The short-term courses intend to expose the participants to practical applications for becoming a good nancial planner. This would provide an opportunity for the participants to apply their academic skills practically in their personal life. Financial Planning is considered to be very important as it helps in determining short-term as well as longterm nancial goals. Financial Planning also helps in creating a balanced plan for successfully achieving the desired goals. A nancial plan acts as a compass and a nancial planner acts as a guide who enables us to achieve control over our income, expenses, and investments which in turn would help us to meet our goals earlier. Financial Planning is a science as well as an art. It acts not only as a doctor who helps in achieving better nancial health but also as an artist in creating a desirable nancial future. All the very best to all the participants and happy learning...!!
Dr. Manikandan Iyer Joint Co-ordinator- STC Vice Principal and HOD (Dept. of Business Economics)
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
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UGC HUMAN RESOURCE DEVELOPMENT CENTRE UNIVERSITY OF MUMBAI SHORT TERM COURSE ON FINANCIAL AND INVESTMENT PLANNING UNDER RUSA COORDINATED BY SMT. M. M. K. COLLEGE OF COMMERCE & ECONOMICS REPORT OF DAY 1- MONDAY 19/4/2021
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Dr. Niranjan Hiranandani Keynote speaker
Dr. Niranjan Hiranandani is the Co-Founder and MD, Hiranandani Group. Currently, he spearheads as the National President for National Real Estate Development Council (NAREDCO), and also appointed President of one of the oldest trade body of India -ASSOCHAM. He is also been conferred with a doctorate degree in Management with his thesis on real estate. He is known as 'Builder Extraordinaire' and as the visionary man behind redesigning the skyline of Mumbai. He is trustee of 17 colleges and 8 schools under Hyderabad (Sind) National Collegiate (HSNC) Board, Provost of the Private University and runs a vocational skill centre in Mumbai. “Passion and Persistence with integral commitment and unwavering efforts is the key to achieve success and scale great heights,” the quote very aptly sums up Dr.Niranjan Hiranandani. The day began with the inaugural function at 10 am. Dr. K. Shanti, Director of UGC HRDC, University of Mumbai was the guest of honour. She briey addressed the gathering on the relevance of the course and instructed the participants on the rules and regulations. The keynote address was given by Dr. Niranjan Hiranandani, Provost , HSNC University. The topic of the session was “Need for Financial and Investment Planning”. He enlightened the teacher participants with his profound knowledge and emphasised the need for skill development and continuous learning. Teachers learnt about best investment pattern, Housing loan opportunities, best investment in gold as more liquid, Invest for long term into Equity and Mutual Funds.
linkedin.com/in/dr-niranjan-hiranandani-a8748a182
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Dr. Aditya Srinivasan
Dr. Aditya Srinivasan, is the COO & Chief Economist BSE Broker Forum and also the Head, International Business division. He obtained his D.Litt from Young Scientist University, USA, in Management . He is a member of various advisory and board of studies in management institutes of India. He was instrumental in bringing out “Operational Manual” for brokers which has entire operations aspects for broking industry. He has also been drafting all correspondence with SEBI, RBI and Ministry of Finance. He represented India at Harvard Law School, USA and gave a presentation about Indian Economy. He has conducted more than 1500 sessions on Indian Economy and Stock Market in 100 cities in India and trained more than 52000 participants. The topic of the session was “Current Development in Stock Market”. He introduced teachers to the stock market and explained the recent developments. He broadly covered how the stock market has performed in last one year during Covid-19 and how the retail investor can make his portfolio. In the entire period of 2020, 1.68 lakh crore business was done in stock market and more than 1 crore DMAT account was opened by Indian in the age group of 21 to 25. This was the fascinating journey of Indian stock market in the corona pandemic era of 2020. In the present scenario of covid 19, SENSEX has dropped by 1158 and NIFTY by 339. He explained that the share market is like a roller coaster in which investors are riders. Keep cash as most liquid asset.
He also explained briey about relationship of stock market with Gold (with equity as an assessment class). Gold is considered for investment options for ages in India. It is the second most liquid asset after cash. Gold maintains an inverse relationship with three things viz. Stock market, World economic data and US economy. Any good news in world economy indicates bad news for gold. This is one of the investment strategies. Due to no storage charge and zero making charge, price of gold ETF cost is relatively less than physical gold. He nally concluded the session with the note that one should have both equities and gold in their portfolio.
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Mr. Bharatkumar Dave
Mr. Bharat Dave is a Manager at (IPF), BSE. He graduated from University of Mumbai. He obtained PGD in Computer Science, Financial Diploma from JBIMS. He has been working in various departments of BSE since 1988. He has also played a major role in transformation from open outcry to BOLT (BSE Online Trading). The topic of the session was “Overview of Investment Products and Services”. Mr. Bharat explained balancing of investment into most liquid assets Gold and Stock Market. He started the session with brief history of Bombay Stock Exchange. BSE is oldest exchange in Asia since 1875 with largest companies in world. It is the rst stock exchange to be recognised by Indian government under securities act. BSE switched to electronic trading in 1995 and became corporate entity in 2005. It is 3rd most liquid exchange globally for index and 5th largest exchanger in world in terms of number of trades of equity shares. It is largest exchanger in India and 6th largest in Asia in terms of market capitalisation. He explained about investment choices in securities market and how we should evaluate securities broadly based on criteria such as liquidity, safety and returns. He explained the present pandemic situation and how world economy is changing. Market is rewarding, but punishable badly too, if mistakes are made. Accept the market as learners and keep learning it. Approach for investment should be clear like intra trading or long-term investment. He explained about Grievance and arbitration Redressal system and various types of Mutual fund scheme. These schemes are mainly divided into three types based on structure (open ended, close ended and interval ended fund), investment objective (growth fund, income fund, balanced fund, money market) and special schemes (industry specic scheme, index scheme and sectoral scheme). Under the special schemes, others are Large cap fund (>40 bn), mid cap fund (20-40 bn) and small cap fund (< 20 bn). He ended the session explaining various plans like SIP (Systematic Investment Plan), STP (Systematic Transfer Plan) and SWP (Systematic Withdrawal Plan).
linkedin.com/in/bharatkumar-dave-69829a17b
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Dr. Mehul Raithatha
Dr. Mehul Raithatha is an Associate Professor at IIM Indore. He has done his doctorate from IIT Bombay. He holds a Chartered Financial Analyst (CFA) degree from ICFAI university. Prior to joining IIM Indore, he was faculty at IFMR Chennai and MMK College of Commerce and Economics. He is a researcher in nancial reporting system, corporate governance, audit quality and earnings quality. Currently, he teaches Financial Accounting, Cost Accounting and Financial Analysis. He has published more than 15 articles in leading International Journals in the eld of Accounting and Finanace. The Topic of the session was “Equity Research by fund manager. Mr. Mehul explained the entire concept how equity works very minutely and provided a very interesting and informative session, with excellent PPTs. The participants learnt a lot from the class. He linked role of Investors, brokers, corporate world and SEBI very intelligently. Investment into Equity Market and Mutual Fund should be from long term perspective. When and where how much fund will be required that should be pre decided and investment into equity should be held for 10 years to get good return. Invest by your knowledge, study and research. Don't rely on others advice. He explained the various points for investors must understand before going to invest properly such as: decide your goals, understand your risk appetite, build a trading strategy, control your emotions, learn the basics, research and select your stock, diversify your investments. He then gave overview of various terms such as market capitalization, settlement cycle for rolling settlement, circuit lter and trading bounds, bull and bear market, market trading, top down and bottom up approaches, cost averaging, stock volatility, price targets and stopness targets. He ended the session explaining various companies with examples like midcap companies (market cap >5000 crores) e.g. Metropolis Healthcare, Castrol India and LIC housing nance; small cap companies (market cap <5000 crores) e.g. Hindustan Zn, KNR construction, DP corporation, Hathway cable; large cap companies (market cap >20000 crores) e.g. Infosys and Reliance industries.
linkedin.com/in/dr-mehul-raithatha-ba53762a
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
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UGC HUMAN RESOURCE DEVELOPMENT CENTRE UNIVERSITY OF MUMBAI SHORT TERM COURSE ON FINANCIAL AND INVESTMENT PLANNING UNDER RUSA COORDINATED BY SMT. M. M. K. COLLEGE OF COMMERCE & ECONOMICS REPORT OF DAY 2-TUESDAY - 20/04/2021
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
CA. Raghu Iyer
The rst session was conducted by Mr. Raghu Iyer, CA. Mr. Raghu Iyer cleared his CA in 1984. He is a practising chartered accountant in Mumbai in the name Raghu Iyer & Associates which specialises in IFRS, Derivatives, Financial Instruments. CA Raghu Iyer is Adjacent Faculty at S.P.Jain Institute of Management situated at Mumbai.
The topic of the session was “Pension Plans Demystied”. He disclosed various aspects related to pension and insurance products. He rst started the session with consumer ignorance and non-understanding. He explained briey about retail marketing citing examples likeProduct A = 100.00 (small one) Product B = 185.00 (large one) and Product C = 175.00 (mid-sized one) By basic denition, version C is introduced so that it could fail. It is placed next to version B and people buy version B. In any insurance policy, pension plan, there are 25 varieties of products and in our overall nancial plan, all products are may not be necessary and every product needs to justify itself. He enlightened the teacher participants by sharing his valuable knowledge about pension schemes. He elaborated various insurance products and schemes with the help of examples in excel sheet. He explained some key words which includes annuity, purchase price, IRR, surrender value, lock in period etc. He explained in details about annuity and annuity +PP (Purchase Price) and Purchase Price option is far far wiser for most of us. He also explained that FD/Debt fund is far better over annuity and also differentiated between immediate and deferred annuity. 10year deferred annuity may be a good idea, if the person lives long and bad idea if life is not so long. In that case, immediate annuity would be wiser. At last he concluded the session with emphasis on topics like simple term plans, long term, high sum assured plan, investment in mutual fund and term insurance.
linkedin.com/in/raghu-iyer-77499512
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Mr. Kuldeep Thareja
Mr Kuldip Thareja is Assistant General Manager at National Institute Securites Market. He has spent more than 14 years working in a domain of nancial services, information technology and nancial education. He is post graduate in Banking and Finance and holds Post Graduation Diploma in Securities Market. He is also certied nancial planner. The topic of the session was “Retirement Planning”. He unfolded various aspects about retirement planning. Mr Kuldip Thareja started his session with life goals viz. marriage, children education, house etc. He explained the ways and means to achieve the life goals. He stressed upon how long-term investments can give better returns. Three pillars of investment such as safety, liquidity and expenses were explained briey. Delay in investment would be costly affair, he added. He shared different avenues for retirement planning. He stressed upon “Do's and Dont's” with regard to retirement planning. He explained the increasing order of risk coverage associated with: Postal saving < Bond FD < Mutual Fund < Equity He explained in details about equity, Mutual fund, Gold ETF, Bond FD, Senior citizens saving scheme (SCSS), Pension fund, National Pension System (NPS), Bank FD. These are some of the special avenues to some for retirement. He discussed about Pension Fund Regulatory and Development Authority (PFRDA), where age limit for investment in Tier I and II is from 18-65 years. Various insurance products like Term insurance, ULIP, Endowment plan and Money back are discussed briey. Finally, he concluded the session with the concept of will and nomination and told that will supersedes not only nomination but Indian Succession Acts and money should go to legal heir.
linkedin.com/in/kuldeep-thareja-0411171b
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Adv. Adhiraj Harish
Adhiraj Harish holds BMS (Bachelors of Management Studies), LLB (Bachelors of Laws) and LLM (Master of Laws) degrees from the University of Mumbai. He has successfully completed several courses including courses at the University of California, Berkeley, where he studied International Business and Marketing. He has been practicing as an Advocate at D.M. Harish & Co., Advocates, since 2011. His primary area of focus is Real Estate laws and he has been instrumental in the successful completion of numerous real estate transactions. In addition to Real Estate, he also practices in the areas of Wills and Succession and international investments under the Foreign Exchange Management Act, amongst others. He has co-authored a paper on Human Rights and Environment Law violations by companies and presented the same at the National Seminar on Corporate Justice organized by the Indian Institute of Corporate Affairs. Adhiraj Harish a member of the Sub-committee of the Confederation of Indian Industry relating to Land Law Reforms. Adhiraj Harish is an Independent Director of Future Consumer Limited and Advani Hotels and Resorts (India) Limited and a member of the Governing Council of the Hyderabad (Sind) National Collegiate Board, which runs about 25 educational institutions. The topic of the third session was “How to Write a Will”. He guided on how to make a will and what to consider in the will. He introduced the session highlighting various acts such as Indian succession act (1925), Hindu succession act (1956), Parsis law (section 50-56), Sharia law, other communities' law and Special marriage act (1954). In his session, Adv. Adiraj Harish introduced participants to meaning of Will, making of will (section 59), revoking or altering of will by maker at any time (section 62), essentials of wills, types of wills (priviledged and unpriviledged will), testator shall sign or afx his mark to will accompanied by two or more witnesses (section 63), wording and drafting of will (section 74), grounds of challenge, avoiding disputes, revocation of wills due to burning, tearing or destroying (section 70), important issues, living wills, format of will, nomination (section 30), power to nominate (section 72), codicil (section 2b i.e. instrument made in relation to a will). He gave many real-life examples explaining all above terminologies, denitions, laws etc. used in the process of making Will. He concluded the session explaining terminologies like probate (certied copy of a will) and Letter of administration (if there is no will or if there is a will but the executors are not named).
linkedin.com/in/adhiraj-harish-a2399a1b1
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Mr. Kunal Rambhia
He completed his M. Com from Mumbai University in 2008, Diploma in business Finance (DBF) from ICFSI University in 2009, Chartered Financial Analyst (CFA) from ICFAI University in 2010. He completed MMS (Finance) from Mumbai University in 2010. He is Chartered Market Technician (CMT) from MTa, USA and Certied Financial Technician (CETe) from IFTA USA since 2017. He is Certied Alternative Investment Manager (CAIM) from AIWMI and Certied Investment Research Analyst (CIRA) from AIWMI since 2020. He is a NISM Series X-A & Series X-B – Investment Adviser for SEBI Registration since 2017 and NISM Series XVResearch Analyst for SEBI Registration. Since 2016. He obtained various certications like Technical Analysis Module Jan 2010 NSE Certied Market Professional (BCMP), FIMMDA – NSE Debt Market Module and Derivatives Market Module. From July 2010 to Jan 2012, he worked with Techno Shares & Stocks Ltd as an Associate Research Analyst. From Jan 2012 to Aug 2012, he worked in Way 2 Wealth as a Research Analyst. From Jan 2013 To Oct 2013, he was an Associate Portfolio Manager with Paradigm Global Investment. From Nov 2013 to Oct 2017, he was a Portfolio Manager with Paradigm Global Investment and from Nov 2017 till date, he is acting as Fund Manager of a Private Fund “The Streets”. He has been working as a visiting faculty since 2013 at various Colleges. He has Published two books on Equity Research for BFM (2018) & on Technical analysis for BFM (2017). The fourth session topic was “Equity Research by Fund Manager”. Mr. Kunal Rambhia has shared his ideology for market approach. The participants learnt investment strategies from this session. He highlighted upon investment strategies, he was discussing about, what meaning of bull market and bear market, phases of the market, economic cycles, stock market cycle, he explained reasons for the market moves, he focus on warning signs. All for this he used PPTs. He cited the quotations of Warren Buffet, Charlie Munger. He explained about euphoric phase (positive skewness in prices). Stock markets run much ahead of earnings development. He explained in details about leading indicator (Stock market) and lagging indicator (GDP). He discussed briey about various principles of Charles Dow (Father of Technical analysis) theory. Moreover, rst and fourth principles were discussed in details. 1st principle highlights that stock market discounts all information and 4th principle states stock market indexes must conrm each other. In Dow theory, broader market participation is must for Bull rally and small caps have done well during bull markets. Lastly, he concluded the session with P(price)/E(earning) ratio and anekantavada model. linkedin.com/in/kunal-rambhia-60306029
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
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UGC HUMAN RESOURCE DEVELOPMENT CENTRE UNIVERSITY OF MUMBAI SHORT TERM COURSE ON FINANCIAL AND INVESTMENT PLANNING UNDER RUSA COORDINATED BY SMT. M. M. K. COLLEGE OF COMMERCE & ECONOMICS REPORT OF DAY 3- WEDNESDAY 21/4/2021 Theme- Capital Market
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Dr. Sangeeta Pandit
Dr. Sangeeta Pandit is Chartered Accountant and was partner in a CA rm of repute from 1984. She retired and diversied to teaching and training. She is Head of department of Finance at premier B- School Sydenham Institute of Management Studies, Research and Entrepreneurship Education. She is also invited to conduct workshops at B- schools of repute like JBIMS. She has delivered guest lectures at US Universities. She is part of stat up team of United World School of Business and programmes of BSE and ICAI. She has been awarded as Prof. Indira Parekh Education Award by World Education Congress and Dewang Mehta National Education Award. She has many publications to her credits in reputed academic journals. She has authored chapters for books published by Springer Palgrave Macmillan. She is an independent director in listed companies. She is invited as faculty by corporates for conducting training sessions on topics related to nance, soft skills and life skills. She is a coach to executives and mentor to entrepreneurs. She is accredited cancer patient counsellor and felicitated by Tata Cancer Hospital for her contribution to the cancer patients. She is Ph.D. in issues related healthcare. She works closely with various bodies like CII in the space of nancial inclusion. Ms. Radha Gupta welcomed and introduced resource person Dr. Sangeeta. Topic of the session was “Individual Portfolio Management”. She disclosed various aspects related to retail management. She took a wonderful session on “Individual Portfolio Management”. She highlighted the importance of insurance like life and health insurances, risk and return management in preparing portfolio for investments. She demonstrated how to analyse risk and return practically through MS – excel for preparing portfolio for investment to an individual. Session was very interactive. She started the session with preliminary ideas regarding Insurance(life-health-disability) and automobiles (re-liability). Then she elaborately discussed about three Life cycles and phases of investor life. Phase 1 comprises of short-term house, car and long-term retirement, children education etc i.e. accumulation phase i.e. from early twenty to mid-career age. Phase 2 is consolidation phase i.e. peak of career and towards retirement, long term goals-retirement. Short term vacations and last Phase 3 is post retirement age consisting of spending and gifting goals, long term wealth strategy etc. Investor life cycle chart can also be drawn with age as X-axis and net worth along Y-axis. Then she described about various goals, processes, policy statement and its importance. She briey gave the concept of Pestle analysis (understanding the pulse of economy and formulate investment strategy i.e. political, social, economic, technical, legal and environment). Three different types of Plan implementation such as allocation of funds, meet goals and minimization of risks are discussed in details. She ended up the session with the concepts of products of machine language, robotic advisory services and modern portfolio theory (riskssystematic/unsystematic; fundamental analysis/beta; diversication, weights, total portfolio return). linkedin.com/in/sangeeta-pandit-37961019
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Mr. N. Hariharan
Mr. N. Hariharan is presently Chief General Manager in the ofce of chairman, SEBI and heading the communication division. He is also head of department of the ofce of investors assistance and education (OIAE) department. He is also secretary to the board. He is a member of the board of national centre for nancial education (NCFE), a section 8 company promoted by SEBI, RBI, IRDAI and PFRDA. He is also a member of various SEBI inter -regulatory and international committees. He has more than 33 years of experience in the government and public sectors and started his career as a banker in State Bank of India. He later joined the Indian Information Service (IIS), after being selected by the UPSC and worked in the various departments in Government of India. He also had a tenure of three years at the prime minister ofce, Government of India, New Delhi. He joined SEBI as a Deputy General Manager and has held various portfolios in SEBI. He has been part of various nancial education and investor education, an initiative of SEBI. He is a certied associate of the Indian Institute of Bankers (CAIIB). He is also an associate of the institute of the company secretaries of India (ACS). Topic of the session was “Investment and Securities Market”. He discussed about the important roles of SEBI in security markets, Demat account, various products in security markets, primary and secondary markets, Mutual funds, investors grievances redressal, etc. Session was very interactive. He started the session with the expected GDP of 10.5% for FY 2021-22 and in USD, it is 3.05 trillion. India is going to be 6th largest economy in terms of GDP and number of investors is approx. 1.5 % of Indian population. Then he discussed about three key mandates of SEBI (Securities and Exchange Board of India) given in the year 1986. These are a}To promote development of securities market , b)Regulation of securities market, c) protection of interest of investor. Four types of SEBI regulator are described in detail i.e. stock exchanges, clearing corporations, depositories and companies. Various products in securities market are discussed. Equities can be sub-divided into shares and derivatives; Debt can be sub-divided into bond, debentures, govt securities. Then Mutual Fund concept was discussed in details. For investing in mutual fund, two types of account viz. trading account (to buy and sell securities) and demat account (to hold shares in demat) are necessary to open. Two modes for account opening was discussed either it can be done through physical mode or online mode (e-KYC). Primary and secondary markets were discussed in detail.. Margin pledge effective from September 1, 2020 was discussed briey. Then he ended up the session with SEBI Compliants Redressal System (SCORES app) launched on 08.06.2011 for investor grievance redressal.
linkedin.com/in/hariharan-n-4a067b9
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Mr. Yogesh Kundnani
Mr. Yogesh Kundnani is presently working as Vice President in CDSL (Central Depository Services India Ltd). CDSL is currently the larger depository in India in terms of number of Demat Accounts. He is B.E. (Electronics) and MBA. He has got more than 25 years of experience in capital market. He is registered as Trainer with NISM (National Institute of Securities Market). He has done more than 100 investors awareness programmes across the country. He took a wonderful session on “Depository and Capital Market”. He started the session with description of various acts such as depositories act 1996, companies act 2013, prevention of antimony laundering act (PALA) 2002. Then he discussed about various terminologies like Registered owner (depositor), Benecial owner (investor), Dematerialisation (physical to electronic), Rematerialisation (electronic to physical), Fungibility (no distinctive numbers), BOID (benecial owner identity number) number written at in DMAT account. He then discussed about trade rolling settlement system and explained in details about T+2 concept of money settlement plan. He also compared Indian money settlement system with China and US, where T+3 system was being followed. In Singapore T+0 system was followed. If we buy and sell on Monday (i.e T-day), money can be settled on Wednesday, comparatively in US and China, money can be settled on Thursday and in Singapore, money gets settled on the same day of trading by evening. He nished the session with SEBI worth requirement which states NSDL requires 3 crores, CDSL requires 2 crores and RTA requires 10 crores to deposit in SEBI. He also explained about numbering system of CDCL and NSDL DMAT. 16 digits for CDSL and 8 digits are required for NSDL DMAT account. For benecial account rst 8 digits are DP ID and last 8 digits are for Client ID and vice versa for NSDL account. At last he also explained about DIS (Delivery Instruction Slip) and ISIN (International Security Identication Number). He also discussed Opening of Demat Account, Dematerialisation of securities, Settlement, Transmission and Nomination of securities, Investors services and Redressal Mechanism in security markets. Mr. Yogesh, explained all the technical concepts in a very simple and lucid manner. Mr. Yogesh highlighted topics such as introduction to depository system, procedure of opening Demat account, Dematerialisation, redematerialisation, transmission and nomination, pledge and hypothecation of securities, debt instrument and government securities, corporate action, importance and need of de materialization of accounts, T+2 settlement mechanism, benecial owner account and clearing member account. The Session was very interactive.
linkedin.com/in/yogesh-kundnani-78b80b8 Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Mr. Jainendra Shandliya
Mr. Jainendra Shandlya is currently working as Assistant General Manager in the Market Regulation Department of SEBI. He joined SEBI as Manager in 2001 and has worked in various departments within SEBI including investigations, Enforcement, Inquiry and Adjudication, Communications and the Ofce of Central Public Information Ofcer. He has represented SEBI before the Central Information Commission (CIC), the highest body for insuring compliance under the Right to Information Act, 2005. Previously, he was the faculty member at the National Institute of Securities Market (NISM), where he taught Econometrics, Fixed Income and Derivatives. He was programme director of Post Graduate Diploma in Quantitative Finance (PGDQF), Post Graduate Diploma in Data Science (PGDDS) and Post Graduate Diploma in Financial Engineering and Risk Management (PGDFERM) at NISM. He has 20 years' experience in Banking and Securities Markets and he has published various articles on Securities Market, which have been carried out by various newspapers, magazines and journals in India. He is CFA and CAIA charter holder. The Topic of the session was “Overview of Regulatory Aspects of Capital Market”. He discussed about the important roles and needs of regulation of capital market in India. He started the session with introduction of 3 pillars of regulation in India. He explained that earlier 27 stock exchanges were there and now we have only 3 exchangers in India with one having dominant position in the market. In India, BSE is the oldest stock exchange. He briey discussed about Primary and Secondary market. In primary market, listing days get reduced from months to three days (T+3), whereas in secondary market, there is a moving from weekly settlements to rolling settlement (T+2). He explained about opening of currency derivatives, market depth and order book, arrival of ash boys. Electronic trading precipitated market crash and euphoria. Interoperability is a mechanism that allows market precipitants to choose any clearing corporation to settle their trades. The maxim, data is the new oil, is more evident in stock market. He also explained about bid volume, bid price, ash volume and ash price. He elaborately briefed about ETF (exchange traded fund), algo trade and quant hedge funds.. Lastly the concept of trade bitcoin and crypto assets were been explained in the session. He discussed about various Stock Exchanges in India. The Session was very interactive.
linkedin.com/in/jainendra-shandilya-cfa-caia-38b4016a
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
&ana-iva&ana ivamau@tyao
UGC HUMAN RESOURCE DEVELOPMENT CENTRE UNIVERSITY OF MUMBAI SHORT TERM COURSE ON FINANCIAL AND INVESTMENT PLANNING UNDER RUSA COORDINATED BY SMT. M. M.K. COLLEGE OF COMMERCE & ECONOMICS REPORT OF DAY 4 - Thursday 22/4/2021
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Mr. Kirtan Shah
The First session was conducted by Mr. Kirtan Shah , Co-founder and CEO , SRE Dupro Pvt. Ltd, Ambition learning Solutions, Streets Ahead, Financial planning Academy and Pass4sure. He is the Co-founder and CEO, SREdupro Pri. Limited Ambition learning solutions, Streets Ahead nancial planning Academy and pass4sure. Mr. Shah is a serial entrepreneur running businesses in the areas of nancial planning and education with a decade plus of enriching experiences in sales training and consulting. As a formal executive director with a BSE listed NBFC. He brings good exposure to banking Treasury management and wealth management. He have been awarded with young entrepreneur awards in Dubai and Mother Teresa Excellence Awards in Bangalore. In his current role he manage Rs. 750 cr. of the belt management set up at SRE and manage education brands like ambition learning solutions, nancial planning Academy and pass4sure. He is on the academic council and Board of studies of multiple colleges across the country and was a subcommittee member of Rashtriya Uchchstar Shiksha Abhiyan (RUSA).He has authored three books on capital markets and a frequent guest on CNBC TV, Zee business, Bloomberg quint CNBC bazar, ET Now, ET Wealth Livemint and money control. Ms. Mamta Choudhary from Jammu and Kashmir undertook the responsibility of chairperson of the fourth day of the STC. Mr. Kirtan Shah CEO and Co-founder of SRE Wealth, conducted the technical session on 'Mutual Funds'. Mr. Kirtan Shah explained the concepts and types of Mutual funds. Mr. Kirtan Shah specically explained various categories in equity mutual fund, like large-cap, mid-cap, small cap, multi cap, exi etc., various types of hybrid and debt funds like conservative, balance, aggressive, multi asset, balanced, equity savings, ELSS tax saving etc. was also provided. Difference between Fixed deposit and debt Mutual fund, with help of taxation and ination. Mr. Kirtan Shah said that he always thinks mutual funds should have a long span and also investment can be made also for very short span like overnight plan, ultra-short, low duration fund etc. Sir has explained in detail the four concepts of mutual funds and multiple schemes of mutual funds with the best examples. He also explained the 35 categories of mutual funds in different manners. Mr. Kirtan Shah explained the large, mid and small caps in different ways. There are 100 large caps and 150 caps and remaining is about 6500 stocks.
linkedin.com/in/kirtanshahcfp
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Prof. Sunder Ram Korivi
Professor Sunder Ram korivi, Ph.D. is a senior consultant with the National Institute of nancial markets (NIFM). He is a visiting Professor at the Indian Institute of Corporate Affairs (IICA). He is also assistant at the Institute of cost accountants of India in the registered valuers organisation (RVO) under the(IBBI) rules. He is a visiting faculty at IIM Kozhikode and IIM Amritsar. He guides Ph.D. scholars at Symbiosis International University. In a career spanning across 30 years he has worked in business India as a manager Merchant Banking and with Axiome (Merchant Bankers) as Vice President. His academic career spans 23 years as an assistant professor with SP Jain Institute of management as a professor and head Department of Finance and Economics and later Dean of the School of Business management at (NMIMS). Until recently he was the founding Dean and SEBI, SSIR chair professor at the school of securities education is at (NISM), established by SEBI . He has won the best teacher award from Amity University NMIMS and also the higher education forum. He has contributed to academic and Policy Research for the central government and the state government of Maharashtra. He has been a highly successful corporate trainer with some of the India's top groups such as L&T, Tatas, Birlas and Godrej . The topic of the session was “Comprehensive Approaches to Financial Planning”. Sir explained the goal of nancial planning very well. He also explained the four pillars of approaches of stock market. He discussed some of the common mistakes of nancial planning. On the use of credit card you pay 24% interest to the bank account. Sir then explained the difference between saving and investing. Seller tells you that what product is good for you. Sir explained that there are two investors in the nancial systems.First one is the institutional investor and second one is the individual investor. Sir advised that it would be ideal to keep shares for minimum 5 years in the stock market.
linkedin.com/in/sunder-ram-korivi-785b121a
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Mr. Sandeep Sharma
Mr. Sandeep Sharma joined SBI Funds Management Pvt.Ltd(SBIFM) in September 2014. Currently,he heads the retail sales at SBIFM Prior to joining SBIFM,he was the Head of Distribution Sales at Kotak Mahindra Asset Management Co,Limited. Previously, he was also associated with Bank of Punjab,UTI Mutural Fund,and Dena Bank. He began his career in Life Insurance Corporation of India in 1990. Sandeep Sharma has done his graduation in Computer Science from the University of Delhi and MBA (Finance and Marketing) from Faculty of Management Studies (FMS),University of Delhi. The topic of the session was “Individual Investment Planning”. He introduced participants about how to protect their capital and look at growing the same in long run. Whenever there is an earning tax is always expected, but there are ways and means of saving capital gain under investment capital gain scheme. This increase tax efciency of an individual by proper planning of selling their capital assets at particular time by holding assets for certain period. There is no return without risk. High risk High return and low risk low retun. One can invest into with capacity of bearing risk. He explained the need for individual investment planning, setting investment objectives, impact of ination our saving and investment, focuses on what to control, simple rules of investing, how to create wealth with goals-based planning like short term goal and long-term goal, how to create portfolio. Most important part is retirement planning with various retirement plans. He also explained that we should not have only one source of income. We must have some or other alternative source of income also. One income we can spend on our expenses and other income can give us compounding return. This way the growth will continue in long run.
linkedin.com/in/sandeep-sharma-b4753611
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Mr. Yash Pathak
He is a Certied Financial Planner (CFP) and awaiting charter for the Chartered Financial Analyst (CFA), he has been in the Wealth Management Industry for the past 8 years working with companies like KPMG, Anand Rathi and Basic Finance Pvt Ltd before setting up his own wealth management outt. Kaydee Capital started itsoperations in June 2017, and since then our company's vision is to provide holistic nancial advice to our clients and putting their nancial well-being as our primary goal. The topic of the session was “Life Insurance”. Mr. Yash Pathak explained balancing of investment into insurance by risk and investment factor Mr. Yash started the session with a question “What is life insurance? and covered various topics like participants in life insurance sector, principle of insurance, various types of life insurance, claim settlement process, life insurance companies in India and commission structure. He explained the importance of taking life insurance policy to cover the risk of life. He suggested do not take as investment take as policy as insurance covered and best policy is term policy where more Sum Assured is covered with fewer premiums. He also explained various types of policy useful under various conditions such as premium waiver policy, Critical illness Policy, Disability Policy etc. Taking right insurance policy at right age is very important. Term and sum assured depending on risk and liability should be decided.
linkedin.com/in/yashvijaypathak
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
&ana-iva&ana ivamau@tyao
UGC HUMAN RESOURCE DEVELOPMENT CENTRE UNIVERSITY OF MUMBAI SHORT TERM COURSE ON FINANCIAL AND INVESTMENT PLANNING UNDER RUSA COORDINATED BY SMT. M. M.K. COLLEGE OF COMMERCE & ECONOMICS REPORT OF DAY 5 - FRIDAY 23/4/2021
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
CA. Ramesh Laxman
Mr. CA . Ramesh Laxman is an FCA from Institute of Chartered Accountants of India post his B.Com. from Mumbai University .and also holds an additional qualications of LLB and (Geade) C.W.A. Mr. Ramesh Laxman is a multi faceted personality, having excelled in diverse elds of nance, health and nutrition. From 1980 to 2015, his focus was in his professional practice and in his later practice, he focused on Derivates, Financial Risk Management, Financial instruments, Cross Border investment etc. Migrating from traditional practice. He conducted multiple training programs for UNDP in the African continent in many of the African countries. He designed for the world Trade Institute, the rst course in India on Foreign Exchange and Financial Risk Management. He is a regular faculty with ICAI, ICISI many Corporate organisations in India. He was an adjunct faculty with SP Jain School of Global Management teaching many subjects in Finance and also worked as Area head of nance for them for two years. Post 2015, he has scaled down his practice and his current passion and focus is in wellness and health care using alternate therapies. After 2015, he completed his diploma courses in color therapy, clinical nutrition and advanced nutrition , Crystal Therapy. Anatomy and Physiology and advanced Herbal Therapy. Currently, he is pursuing his course on Hanna Somatics and MA in Yoga Shatra. The main objective of this session was to create awareness about Financial Derivatives in the present Covid19 pandemic situation. Sir explained the basic concept of nancial Derivatives very well in simple and understandable terms . He said that it is always settled in the future and not on the spot. He told its relationship could be parallel or increase. Sir explained the concept of derivatives are nancial contracts whose value is depended on an underlying assets or group of assets. The commonly used ones are stocks, bonds, currencies, commodities and market indices.
linkedin.com/in/rameshlakshman
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Mr. Gajendra Kothari
Mr. Gajendra Kothari is a Managing Director & Chief Executive Ofcer, Etica Wealth Management Private Limited. se a Chartered Financial Analyst (CFA) Charter holder. He has also successfully completed chartered Alternative Investment Analyst (CAIA) &International certicate in nancial Advice (ICFA,UK , London). He has also done (MBA) in Marketing and Finance from International Management Institute, New Delhi. Mr. Kothari has more than 15 years of experience encompassing both Indian and overseas capital markets. He is leading Etika Wealth Management since 2011. Mr. Kothari has been interviewed and quoted by both international and domestic print media including Financial Times UK, The Economics Times, Times of India, Business Standard Live Mint, and has made live appearance on premier business channels in India like CNBC TV18, ET NOW ZEE Business,Doordarshan,Bloomberg TV etc. He has also been felicitated the Wealth Forum Rising Star Award 2013 . Mr. Kothari is regularly invited as thought leader at many industry forms and events. The main Objective of Mr.Kothari's session was to explain the practical approach of Systematic Investment Planning (SIP) and to suggest the valuable and various Investment Plans. Today's second session started at 11:40 am. He started the session with the concept and introduction of path to build portfolio for ourselves . He then moved forward to the concept of SIP (Systematic Investment Planning ) whose meaning in smarter context of investor can be simple, intelligent and practical.He then briey discussed the various features of SIP .Two types of approaches such as normal approach and smart approach were discussed in detail. He then cited various examples of companies starting with a lumpsum amount of rupees invested in the market and have now got huge benets and earning crores of rupees .One of the best examples is Motilal Oswal groups who had started their journey from 1989 and incurred a loss of 60% during the pandemic in 2019 again bounced back and has an a net of now Rs.2000 crore.He explained STP and SWP planning very briey. He concluded the session with beautiful quotations of Warren Buffet ,Morgen Housel, Bill Bonner and Jense Livermore.
linkedin.com/in/gajendrakothari
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Mr. Kapil Nichani
Mr. Kapil Nichani is currently working with ICICI Lombard as Associate Vice president and he has an overall experience of 18 years in Sales. He has worked with Wipro, HDFC Life and ICICI Prudential in the past. He has done his executive MBA through ITM. The topic of the session was “Non-Life Insurance (Term/ Health/ Motor) Products”. Mr. Kapil Nichani introduced teachers to the Term, Health and Motor Insurance products and he explained the types & benets of the Term, Health and Motor Insurance. It was a very interesting and informative session , with excellent PPTs. He explained how important Term and Health Insurance is in the present pandemic situation. He explained Term Insurance Plans to provide protection to our family. He explained the term Insurance benets are Death benet, Tax benet, Rider benet, Accidental Death benet Rider offers and Critical illness Rider offers very well. Mediclaim plans and Critical illness Insurance Plans- these are two basic types of Health Insurance Plans he introduced. He explained the Health Insurance benets are Coverage for pre and post hospitalization expenses, Cashless hospitalization, Day Care treatments, Ambulance and transportation costs, Medical check – up, Tax benets, Portability . Comprehensive Insurance and Third party insurance, these two types Motor Insurance plans he explained. The participants learnt a lot from the session. We must have a Term & Health Insurance plan. Online Term and Health Insurance is cheapest at the price so one may go online and buy it. Motor Insurance is also important. Participants learned the benets of Term, Health and Motor insurance . The participants were informed about the MCQ exam and shown a Demo test.
linkedin.com/in/kapil-nichani-37568a10
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
&ana-iva&ana ivamau@tyao
UGC HUMAN RESOURCE DEVELOPMENT CENTRE UNIVERSITY OF MUMBAI SHORT TERM COURSE ON FINANCIAL AND INVESTMENT PLANNING UNDER RUSA COORDINATED BY SMT. M. M. K. COLLEGE OF COMMERCE & ECONOMICS REPORT OF DAY 6- Saturday 24/4/2021 Theme- Real Estate
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
CA. Tarun Ghia
Mr. Tarun Ghia is a Chartered Accountant and he was Consuiltant Ex. Ofco member WIRC, ICAI . Later on, he diversied into teaching and training also. He has been practising since 1984 and monitoring various projects. The rst session involved an Online MCQ test of 60 Marks to be attempted by all participants. The exam was conducted on Mastersoft Platform which has rich experience in conducting online MCQ examinations in and around colleges in Mumbai. The Online MCQ Test contained 40 questions selected from various technical sessions conducted on the last 5 days of the Short-Term Course. MCQ exam was conducted between 10:20 AM to 11:00 AM having a duration of 40 minutes. Mr..Shrinivas Aiyar welcomed and introduced the resource person C.A.Tarun Ghia . CA Tarun Ghia took a wonderful session on “Real Estate Planning and Taxation”. He highlighted the importance of Real Eastate and Taxation. He demonstrated how to analyse risk and return practically through MS – excel for preparing portfolio for investment to an individual. The session was very interactive and helpful. CA Tarun shared the depth of his knowledge on Real estate and planning with the participants.
This was followed by the third Session In this session , a feedback of the sessions of all the days was given by the participants .The participants had the chance of expressing their views regarding the conduct and learnings from the STC on Financial and Investment Planning. Each participant spoke for a few minutes and expressed their opinions, shared their feelings and memorable moments that they had enjoyed during the entire duration of the course. All the participants also informed the organisers that they have submitted the feedback for all the technical sessions and also completed the process of lling the overall feedback of the Short-Term Course.
linkedin.com/in/tarun-ghia-7336051a
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
&ana-iva&ana ivamau@tyao
Valedictory Session The Valedictory Session was attended by Hon. Mr. Kishu Mansukhani, President, HSNC Board, Dr. K. Shanti Madam, Director, UGC-HRC University of Mumbai, I/C Principal Dr. CA. Kishore Peshori, Co-ordinator of STC, Vice Principal Dr. Manikandan Iyer, Joint Co-ordinator STC, and Ms. Drushti Desai, Vice Chairman, WIRC-ICAI was the Guest of Honour. Ms. Ravneet Syan, Member, Dept. of Business Economics was the Master of Ceremonies. Principal Dr.Kishore Peshori welcomed all the guests to this Valedictory function Vice Principal Dr. Manikandan Iyer presented the highlights of the Short-Term Course. Dr. Biplab, Ms. Resmy and Ms. Veronika shared their experiences and their feedback with regards to the Short Term Course. Director Dr. K. Shanthi addressed the participants and dignitaries and gave her concluding remarks, with regards to the outcome of the Short-Term Course. Hon. Mr. Kishu Mansukhani addressed all the participants and dignitaries on the importance of the nancial and investment planning in people's lives. Mr. Kishu Mansukhani thanked the Director Dr. K. Shanti madam for giving opportunities for co-ordinating course on behalf of UGC-HRDC, University of Mumbai and extending continuous support to all the colleges under HSNC Board. With Permission from the Director Dr. K. Shanti Madam, Hon. President Mr. Kishu Mansukhani was requested by the Principal Dr. CA. Kishore Peshori to release the Flipbook on Financial and Investment Planning prepared by the members of the organising committee, which was a compilation of the proceedings of the entire course. Ms. Chippy Susan Bobby ,welcomed and introduced the Guest of Honour and key note speaker, CA. Drushti Desai.Ms. Drushti Desai addressed the audience on the theme of the STC and also role played by ICAI with respect to creation of nancial awareness amongst the people of our nation. Dr. Sheetal Chaddha, member of the Organising Committee , formally completed the valedictory session by proposing vote of thanks to all the members who have been instrumental in the successful completion of the short-term course. Thus a very hectic week , full of useful , engaging, and highly interactive sessions came to a fruitful end. The participants greatly appreciated the efforts taken by the College to organize this course ,which not only taught them how to plan their nances well, but would be of immense use to them in their day to day lives.
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
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PARTICIPANT DETAILS Sr. No.
Photo
College Name
Name
1
Resmy Sally koshy
Mar Ivanios College (Autonomous)
2
Dr Navin Mukesh Punjabi
H R College of Commerce & Economics
3
Archana Ramchandra Patil
VIVA college of Arts, Commerce and Science
4
Veronika B. Barla
Viva College of Arts, Commerce and Science
5
Sunita Shrirang Telsinge
Hon. Shri. Annasaheb Dange Arts, Commerce and Science College, Hatkanangale
6
Mamta Choudhary
BGSBU
7
Vidya Laxman Bansode.
Sahakar Maharshi Shanrrao Mohite Patil Mahavidyalaya Natepute
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
&ana-iva&ana ivamau@tyao
PARTICIPANT DETAILS Sr. No.
Photo
Name
College Name
8
Dr. Pramod Lakshmanrao Chavan
Jaikranti Arts Sr. College,Latur
9
Rajesh Baburao Shirsath
Kala Mahavidyalaya Nandurghat
10
Mrs. Ujwala S. Pawar
J.V.M's Mehta College, Airoli, Navi Mumbai.
11
Dr. Biplab Banik
Tinsukia College
12
Ms. Nutan Dattatraya Raut
Adarsh College Vita Dist. Sangli
13
Anil Ganpatrao Gacche
Vasantrao Naik College Vasarni Nanded
14
Prasad John Dabre
St. Joseph College of Arts and Commerce
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
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PARTICIPANT DETAILS Sr. No.
Photo
Name
College Name
15
Rajabhau Shrihari Pawar
Jaikranti College Latur
16
Dr. Sangita Bhalchandra Katkar
Dr. Tatyasaheb Natu College of Arts and Senior College of Commerce Margtamhane
17
Dr. Radha Gupta
Baba Ghulam Shah Badshah University Rajouri
18
Avinash Vilasrao Pawar
Jaikranti Arts Senior College, Latur
19
Manoj Kumar Lalji Mishra
Guru Nanak Khalsa College Of Art Science And Commerce, Mumbai
20
Sameer Hindurao Gaikwad
Hon. Shiri.A.D.A.S.C College Hatkanagle
21
Jayesh K. Rana
Smt MMK College of Commerce And Economic
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
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PARTICIPANT DETAILS Sr. No.
Photo
Name
College Name
22
Dr. Anil Matkar
Adv. V.B. Deshpande College of Commerce (Nt)
23
Dr. Mane Dadaso Namdev
Krishna Mahavidyalaya Rethare BK Shiv Nagar Tal Karad Dist, Satara
24
Mr. Abhijit Shripatrao Misal
Karmveer Hire Arts, Science, Commerce & Education College, Gargoti
25
Rajesaheb Nabi Sande
Adarsh College, Vita
26
Bhaskar Vitthalrao Narwade
Mahatma Gandhi Mahavidhyalay, Ahmadpur, Dist. Latur.MS.
27
Shrinivas R. Aiyar
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
&ana-iva&ana ivamau@tyao
FACULTY DEVELOPMENT COMMITTEE
Dr. Manikandan Iyer Joint Co-ordinator- STC Vice Principal and HOD (Dept. of Business Economics)
Ms. Chippy Bobby
Ms. Ravneet Syan
Head, Department of
Member, Department of
Business Communication
Business Economics
Dr. Sheetal Chaddha Coordinator - BMS
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
&ana-iva&ana ivamau@tyao
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
&ana-iva&ana ivamau@tyao
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
&ana-iva&ana ivamau@tyao
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
&ana-iva&ana ivamau@tyao
Smt. Mithibai Motiram Kundnani College of Commerce and Economics
FINANCIAL FREEDOM
FREEDOM F .... Financial Planning F .... Family Income R .... Retirement Planning E .... Education E .... Estate Planning D .... Disability M .... Mortgage