A guest lecture was held for FY B.Com-D Managerial Economics students on the 30th of January 2019 from 12:00 pm to 1:00 pm on the topic “Financial Planning- the wheel of success”. The resource person for the guest lecture was Mr. Abhijit Sawant, Financial Planner and Advisor, ABHI Ganesh Financial Planners Pvt. Ltd. Margao. A B.Com graduate from VVM’s Shree Damodar College of Commerce and Economics, Mr. Sawant has 20 years of work experience. The resource person was introduced and welcomed by Asst. Prof. Averyl Pires.
Mr. Abhijit started by explaining the meaning and importance of financial and investment planning. He then presented the various types of investments and highlighted investments in mutual funds as very convenient, economical, having high returns, safe and transparent and inflation manager. He explained the process of mutual funds in detail. He then explained Systematic Investment Plan (SIP) as the best way to invest in mutual funds. The various types of mutual funds were explained. A numerical example was discussed as to how the money can be expanded by investing in SIP’s.
The importance of economics in an economy, market sentiments and its impact on the stock market were also discussed. The four C’s principle of financial planning viz. creation, consumption, conservation and continuation of income – were also explained. He also enlightened the students on the working of Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Students raised several queries about investment plans for students, for how long to invest, what is the right time to invest, about the minimum amount one can invest etc. The vote of thanks was proposed by Mr. Kevin Silveira. This lecture was attended by a total of 41 students. The session was very effective and informative.
