| Event Name: Financial Empowerment | Event Date:18th March, 2024 |
| Guest Speaker: Mr. Chandresh Gupta | Event Timings:11:00 am onwards |
| Participants: 62 |
Objective:
On March 18, 2024, Lloyd Group Of Institutions organised a guest lecture on financial empowerment for BBA & B.Com second and third year students. Mr. Chandresh Gupta aimed to empower students with the knowledge and skills necessary to make informed financial decisions, achieve their financial goals, and build a secure financial future.
Detailed Report :
Mr. Chandresh Gupta began by introducing the concept of financial planning and its critical role in achieving financial goals and long-term stability. He emphasized the importance of setting clear financial objectives and developing a comprehensive plan to attain them. An investor awareness program was conducted to educate students about the basics of investing. Mr. Gupta discussed the principles of risk management, diversification, and the significance of making well-informed investment decisions. The lecture delved into effective money management techniques, including budgeting, saving, and prudent spending habits. He provided practical tips on managing finances efficiently to achieve financial independence,
He also shared valuable investment principles or "sutras" to guide students in making sound investment choices. These included strategies for asset allocation, risk mitigation, and long-term wealth accumulation. The functioning of the National Stock Exchange (NSE) was explained, highlighting its role in facilitating the trading of securities and contributing to capital formation in the economy.
The lecture explored the impact of inflation on purchasing power and underscored the power of compounding in wealth creation over time. Mr. Doe elucidated how investors can harness compounding to achieve their financial goals. A risk and reward matrix was presented to help students understand the relationship between risk and potential returns in investment decisions. Mr. Gupta emphasized the importance of balancing risk with reward based on individual risk tolerance levels. He discussed various financial products available in the market and how they can be aligned with specific financial goals. Students gained insights into choosing appropriate investment vehicles based on their risk appetite and investment objectives.
Mr. Gupta highlighted the importance of adapting to changing market conditions and continuously refining financial plans. Students were provided with historical data on the returns from different asset classes over the past three decades. This analysis offered valuable insights into the performance of various investment avenues over different market cycles. He also debunked the misconception that the stock market is akin to gambling. He elucidated how informed investment decisions, based on thorough research and analysis, can mitigate risks and generate sustainable returns in the stock market. The concept of the capital market was explained, emphasizing its role in facilitating the exchange of long-term funds for investment purposes and why mutual funds are preferred investment vehicles for retail investors seeking diversification and professional management. Students gained insights into the classification of mutual funds based on asset class, investment objective, and risk profile and introduced the concept of a risk meter, which helps investors gauge the risk associated with different mutual fund schemes.
He also introduced students to the fund fact sheet, a document providing key information about a mutual fund scheme. Additionally, the benefits of exchange-traded funds (ETFs) as cost-effective investment options were discussed. Students also learned about the Sovereign Gold Bond Scheme as a means of investing in gold with additional interest income. Mr. Gupta explained the features and benefits of this government-backed investment avenue.
Conclusion:
The guest lecture by Mr. Chandresh Gupta on financial empowerment provided students with invaluable insights into financial planning, investment strategies, and the dynamics of financial markets. Through engaging animations and videos, complex concepts were made accessible, enhancing the learning experience. Students left the session equipped with the knowledge and tools necessary to make informed financial decisions and embark on their journey towards financial independence.
