Finance Club of Uttaranchal Institute of Management, Uttaranchal University, organized a highly important and knowledge sharing Webinar on “Wealth Creation through Personal Financial Management” in collaboration with Association of Mutual Funds in India (AMFI) on 26th July, 2021. The webinar emphasized on making students know about wealth creation objectives, methods and investment avenues. The participation was open to all students and faculty members of UIM and other PAN India universities also.
Mr. Surya Kant Sharma [Chartered Accountant, Senior Consultant North Region AMFI, Ex. DGM SEBI], eminent personality in financial system of India was the Keynote Speaker of the webinar.
Master of Ceremony, Ms. Neeti Misra- Assistant Professor & Head, Finance Club welcomed the Keynote Speakers – Mr. Surya Kant Sharma & Prof. (Dr.) Pradeep Suri, Dean-UIM and Academic Affairs, Uttaranchal University.
Dr. Pradeep Suri created awareness regarding how to design investment process after considering factors like time horizon etc. People have a long choice of investments like various investment avenues in the financial markets, other financial assets prominently it includes investment in property, mutual funds, SIPs, debt funds through which we can save and we can satisfy other needs. He also mentioned that common men do not know how to invest money so it’s necessary to spread financial literacy among common people. He mentioned that SEBI protects the investor’s interest, they spread knowledge among common people so that they can learn and then invest. He also mentioned that there are things which should be evaluated, people should assess their short- and long-term needs, children’s needs, personal needs, etc. before making any investment.
Mr. Surya Kant Sharma started his presentation on a very positive note by clarifying the difference between savings and investments. He mentioned that money can provide mental security through three things, it includes adequate life insurance governance, adequate health insurance and emergency funds. He also elaborated upon how a common person should identify his savings and increase it annually by at least 20% through financial planning. He explained about the risk, the types of risks and how to manage those risks. He mentioned that we should think, understand and then invest or we should do the analysis and evaluation of the future and the present value of the returns for the investment in various avenues. The basics were conveyed in a very simple language which was easily comprehended by the students. He further narrated about various investment avenues, also the types of mutual funds, insurance and various government schemes like Sovereign Gold Bond Scheme 2021-22 to increase our wealth and for better financial planning. He also honored questions from the audience concerning the above topic.
The event was a great success and was attended by a large number of participants including Dr. Amitabh Bhargava (Head – Department of Management) along with the Faculty Members and the students of Uttaranchal Institute of Management, Uttaranchal University and other universities of India.
