The Department of Commerce of the College organized a study tour to Mumbai from 24th – 27th February 2019, for TY B.Com (Accounting & Finance) students. 47 students participated, accompanied by faculty members Dr. Edwin Barreto, Dr. Shami Pai, Dr. Lina Sadekar and Dr. Sheetal Arondekar. The journey by bus started on 24th February and reached on 25th February in the morning.
On 25th February 2019:
A visit to Podar College was scheduled at 8.45am, wherein the students of Damodar college were given a brief presentation by the students of Podar College about the evolution of their college and their achievements followed by an interaction between the students. Simultaneously, there was an interaction session between the faculty members of the two colleges as well with respect to IQAC work and how it is practiced in their institution.
The next visit was to National Stock Exchange, Bandra at 11 am where a session on investment and wealth creation was conducted by Ms. Jyoti Budiya, who has spent almost 30 years at NSE. The session was interactive and Ms. Budiya communicated to the audience the various aspects of trading at the stock exchanges and also motivated students to invest into long term plans thereby creating wealth for themselves.
A visit to SEBI was scheduled in the afternoon at 2 pm. The session begun with a video that highlighted the evolution of SEBI. Thereafter, Mr. Krishanand Raghavan, General Manager of SEBI addressed the gathering. He began with the introduction of NSE, BSE and the need for SEBI in the country. Further, he briefed the audience on the three main functions of SEBI namely, regulate, protect and develop the stock market. He also covered the powers of SEBI and took us through its 13 departments. The students were informed about the open system to online trading and concept of dematerialization, the parties to dematerialization, demat accounts, bank accounts and the brokers account. The session also highlighted on the following key aspects: the players in securities market, the tradable instruments, the participants of securities market and types of securities market, derivatives and its role, mutual funds and its structure etc. The session was well appreciated by the students.
On 26th February 2019:
On the second day, a meet was scheduled at NSDL, Lower Parel at 10 am. Mr. Marlon Correia and Mr. Mehul Mehta of NSDL delivered a talk on ‘Introduction to Securities Market and National Academic Depository’. They briefed students about the different aspects of mutual funds, how and how much to invest, requirements for investing, different loan schemes and scholarships available for the students and host of avenues for savings and investment. They also guided students in how to go about selecting a company for the purpose of investment. Students were also briefed about the projects of NSDL, of which NAD (National Academic Depository) was a special facility for the students who may have lost their mark sheets or academic certificates which can be retrieved through an electronic form on NSDL site by registering onto the site using Aadhar card number.
The next visit was scheduled at BSE a 12.30 noon wherein Dr. Aditya Srinivas, Chief Operating Officer & Chief Economist, Bombay Stock Exchange Brokers Forum, gave a demonstration on how trading is done, different aspects of trade in stock exchanges and how to select the companies to trade with.
The last visit was to the RBI Monetary Museum, where students were shown a video that gave an overview of the evolution of currency. Thereafter, students toured the museum and saw the different types of coins and currencies of different ages which were displayed.
That was the formal part of the programme. The students thereafter visited one of the largest malls in India, i.e. the Phoenix Mall, after which the students had to board the bus for the return journey. The bus reached on 27th February 2019 to Goa. The tour was fruitful and a learning experience for the students. It also will help the students in deciding to take up careers in finance-related areas.
