The 7th edition of the Annual Finance Conference hosted at Great Lakes
Great Lakes hosted its annual finance conference at its campus. Former Executive Director of RBI and a whole time member of SEBI - Mr. G Mahalingam addressed the students of Great Lakes in this 7th annual conference. Based on the theme “Making equities work for the commoner’, the conference had eminent speakers from the industry like Mr. Kalpen Parekh - Joint President, DSP Black Rock MF and Mr. Nitesh Ranjan - Chief Investor Relations Officer, Union Bank of India.
Great Lakes Founder, Dean and Chairman Dr. Bala V Balachandran said that the 7th annual finance conference is aimed at bringing together some of the best minds from policy making, mutual funds and industry to analyze, debate and discuss the effective policy making process to aid wealth maximization of a larger section of the society.
Outlining the effects of global financial crisis after 2009, Mr. G Mahalingam spoke about the various dilemmas faced by the emerging market economies. “Managing growth and inflation has been the biggest challenge to the central banks of all the emerging markets; not to forget the over-valuation and undervaluation of currency adding to the task”, he said. Mr. Mahalingam also remarked that the question why common people choose Bank fixed deposits over bonds which have excellent liquidity has still no definite answer. He also suggested that experts should focus on creating more awareness in this area.
Mr. Kalpen Parekh told, “The narrative today is to show the consumers high returns and lure them into unwanted investment plans. This is partly consumers’ fault too as people are unwilling to take calculated risks.” Mr. Parekh also added that apart from the price inflation; managing the lifestyle or the aspiration inflation, as one may call it, has become a major factor in investment related decisions. “Small capital and a long tenure never hurts”, he said.
Mr. Nitesh Ranjan shared his thoughts on making equities work for the commoner. “While there is financial inclusion when it comes to traditional options like bank accounts, the case is not the same when it comes to equities. Even today, a local Bank, real estate agent or a gold jewelry shop are more accessible than an equities expert. The sheer number of choices alone when it comes to equities can startle a commoner and this is where experts should focus on creating awareness,” he said.
The conference also witnessed a panel discussions on the topic ‘Mutual Funds – opportunities and cautions’ participated by eminent members of the industry like:
- Mr. Srikanth Meenakshi - Founder & Director, Wealth India Financial Servies
- Mr. Lakshmi narayanan Duraisamy- Chief Executive Officer, Sundaram AMC
- Ms. Aarati Krishnan - The Hindu Business Lines & Value Research Pvt. Ltd.
- Ms. Mitu Samar - Founder, Eminence Panel Moderator
The Annual Conference concluded with a CRISIL workshop on ‘Wealth creation and financial planning’ which was led by Mr. Jiju Vidyadharan (Director, Funds and Fixed Income CRISIL) and Mr. Piyush Gupta (Associate Director, Funds and Fixed Income, CRISIL).