The Department of Commerce & Management of VVM’s Shree Damodar College of Commerce and Economics Margao-Goa in association with Suman Foundation – SMVM (SEBI recognised Investors’ Association) organised State-Level Financial Literacy Week, the theme being “Digital Evolution in Finance- A Way Forward”, from 22nd to 27th August 2022. The objective of this event was to guide the youth of Goa to a future of financial security. A total of 150 students attended all the sessions during the week. Students of Rosary College of Arts & Commerce, MES College, Carmel College attended the event.
The Programme commenced with the Inaugural function and Invocation dance performed by a student of SYB. Com, Mr. Sahil Khanvilkar. The dignitaries were called upon for lighting of the lamp. Prof. Prita Mallya, Principal of the College addressed the gathering providing insights about the importance of financial literacy and expressed her gratitude towards Suman Foundation for this collaboration. The President of Suman Foundation Mr. Rupesh Patil expressed his gratitude. The week consisted of series of sessions from eminent speakers of capital markets.
The first session on Day 1 was taken by Mr. Pankaj Bhageria, AGM SEBI, on “Passive Mutual Funds.” He introduced the concept of Riskometer by SEBI and explained the different parameters of the same. Highlights of this session included relation of risk and return, difference between mutual fund houses and mutual fund schemes, direct plan and regular plan, concept of growth fund and dividend fund, expense ratio, benchmarking and risk adjusted returns. He explained these concepts depicting practical examples on Money control website. The Second session on the 1st day was by Dr. Sarika Lohana, SEBI Certified Resource Person on Introduction of “REITs and InvITs”. She briefed about AMCs and 15 InvITs under SEBI.
The speaker of Day 2, Mr. Yogesh Bambardekar, AGM -BSE IPF, spoke on “Role of Digitisation in Securities Market”. He informed the participants about how digitisation has simplified opening an account with brokers, the various online redressal method and the ease of setting up brokers account.
The first speaker of Day 3, Mr. Sanjeev Bajaj, GM-NISM, introduced to the participants the “Careers in Securities Market.” He also highlighted the various certification courses available and the employment generated in the stock market. The second speaker of Day 3, Mr. Nikhil Shinde, Sr. AGM-NISM, explained in details about the certifications offered by NISM. He explained the role and functions of NISM Securities market, role of securities markets, types of securities markets, brokers and sub brokers, industry size, careers in Securities market and function wise NISM certifications.
Mr. Sandeep Tripathi, the speaker of Day 4, Chief Manager at Bank of Baroda, conducted a session on “Digital Lending-Fueling India’s Economic Growth through Inclusive Finance.” The session concentrated on the topics like MSMEs, the contribution of MSME towards the nation, structure of capital that MSMEs can avail to, the speaker also capitalized on how the debt capital is important as a source of fund for such enterprise, formal credit offered to MSMEs. He mentioned, how the adaptation of digital lending has changed the development of the country than the traditional lending. It has made a win-win situation for both the lender as well as the borrower. Digital lending enablers like smartphones, easy availability of the internet, UPI, GSTIN, UDYAM registration and ADHAAR card identification was discussed.
Speaker of Day 5, Mr. Somesh Vaidya, Sr. Manager- BD MCX, spoke about “Derivatives- An Asset class.” He also highlighted on financial market constituents, Global markets and trade timings, commodity markets- spot & derivatives, risk to industries, regulatory framework, factors affecting commodity prices, participants in commodities market, active commodity futures in India, commodity vs equity.
On the last day of the week, a session was conducted by Mr. Yogesh Kundnani, Sr. Vice President, CDSL on Investors’ awareness to capital markets and depositories. He highlighted the role of CDSL as a depository and various services provided by CDSL. He also cautioned the students of the frauds taking place in the securities market.
The Valedictory function was addressed by the Principal, Dr. Prita Mallya. She shared her experience of cyber crime with the students. Dr. Sarika Lohana gave her valuable feedback about the week and congratulated the College for conducting this event. All the student coordinators of the event namely Ms. Rohini, Ms. Shama, Ms. Shreeya, Mr. Prasanna, Ms. Sonika, Ms. Sidhi, Mr. Jatin, Mr. Vivek, Ms. Tanu, Ms. Mahek and Mr. Pranav were felicitated by the dignitaries for their efforts in making this event a success. Dr. Shami Pai, HoD, Commerce & Management proposed the Vote of Thanks. Teacher Coordinators of the event were Ms. Swati Bhat and Mr. Gajanan Haldankar.
