An Investor Awareness National Webinar was organised jointly by AMFI, SEBI and NSDL !

     An Investor Awareness National Webinar was organised jointly by AMFI, SEBI and NSDL !

Kolkata :(Report : Sanatan Mahakud ): An investor awareness National Webinar was organised on 14th of June 2021 jointly by Association of Mutual Funds in India (AMFI), SEBI and NSDL, Government of India and Pragyan International University on “Strategy For Managing Personal Finance Including Mutual Funds”

More than 1500 participants had registered their name from all over the country and many of them were from abroad such as Sri Lanka, Bangladesh, Nepal, Pakistan Nigeria, Kenya, Ghana etc.

The webinar was inaugurated by Mr. Chandan Agarwal, CEO of Pragyan International University and Dr. Suresh Kumar Agarwal chancellor and founder of Pragyan International University. It was taken forward by the guest speaker Shri Deb Bhattacharjee, Assistant General Manager, SEBI and Keynote speakers Shri Surya Kant Sharma, Senior consultant North India AMFI and Mr. Anup Agarwal Assistant Vice President, NSDL.

It was carried forward by Shri Deb Bhattacharjee who gave informative knowledge about SEBI by explaining three functions rolled into one body-legislative, judicial and executive. He also explained that how its helpful in business in stock exchanges and any other securities markets, how its promoting investors’ education and training of intermediaries of securities markets.

Then Shri Surya Kant Sharma touched upon the importance of financial security of individuals. He emphasized that an investor should first think and ensure adequate life insurance, reasonable medical insurance cover and an emergency fund before embarking upon the journey of wealth creation through sustained investments which is most essential for prosperity. He then made a vehement plea for regular savings and increase of savings every year minimum by 10%. He then dealt in detail on the need for wealth creation for prosperity and emphasised that investors should not be money accumulator but wealth creator which only would make them comfortable with regard to their money needs for their milestones in life. 

He then advised participants that they should look at real return and not on notional return as inflation and tax liability substantially takes away major portion of notional return. He cautioned participants that most of the investments except in governmental shames have risk but risk can be managed by simple formula – Think, understand and invest. He also emphasized the need to have financial planning of their families in place for focused investment and also the need for practicing rule of compounding in investments for higher return in long run. 

At the end, he emphatically cautioned participants not to invest their hard earned money on the advice of others including agents and never never in unregulated fund mobilisation schemes – Ponzi scheme, chit funds and committees etc. - which give assurance for higher and quick return at the beginning but ultimately vanish with the hard earned money of investors. 

It was followed by Mr. Anup Agarwal who spoke regarding NPS. He explained that a systematic investment like this can make a massive difference to your life post-retirement. In fact, Salaried people who want to make the most of the 80C deductions can also consider this scheme. He said that NPS is a good scheme for anyone who wants to plan for their retirement early on and has a low-risk appetite. A regular pension (income) in your retirement years will no doubt be a boon, especially for those individuals who retire from private-sector jobs. He also presented an excellent presentation to the participants for a better understanding.

At the end, a question answer session was made open for the participants and participants asked lot of questions on personal finance which were satisfactorily answered by the experts.

At the end of the program Ms. Priti Sharma gave vote of thanks.