Report On Vth Seminar On Personal Finance
The seminar on personal finance and mutual funds held on the
9th June 2018 at Hotel Pacific was Co-hosted by SS investments , DSWA and
sponsored by Reliance Mutual Fund.
The event started with the launch of the magazine of Dehradun seafarers called
Lighthouse. It was launched by Dr Ajay Saksena the principal of DAV PG College.
After the launch Dr Saksena wove a beautiful speech starting from the traders
of Pre Christ era and how the ships were
attacked by pirates and how only the stronger Nations could manage to get their
goods back. From there on linking Machiavelli to strong Nation theory and
talking about India pre and post liberalisation he very nicely connected Political
Science, History and Economics and even personal finance.
It was quite enlightening to
have a Academician amongst us giving some cerebral input.
The feature presentation by the Reliance trainer was very informative though despite request he could not shed much light on the latest changes in the MF industry.
All must be reminded that due to SEBI regulations MF houses have made two types of basic changes to their funds.
Firstly they have changed the name of their funds to self explanatory type which can indicate the type of fund i.e. Large cap,Mid cap, Multi Cap or multi Asset or Debt -Equity hybrid instead of just balanced or Prudence etc.
Second important change that has been effected is that similar type of funds of an AMC have been combined together or their mandate changed.
Yours truly had collated few questions received from various Seafarers which I managed to put upto him. The reply to them will be covered in the next article.
Quite a few questions were asked by the audience which he replied to their satisfaction in most cases.
Something very outstanding about this seminar was that there was a greater share of the non seafaring community as opposed the only seafarers who used to attend the previous seminars.
It was an intentional attempt to bridge the chasm between the Marine Professionals and those who work ashore. This also helps in the shore people understanding what DSWA as an association doing for the society at large.
Quite a few of invitations were extended on the basis of the request received from the guests ever since the last seminar. It was quite encouraging for the organisers when the wife of a very senior Master whom DSWA had given the lifetime achievement award requested to attend the function. I was personally very humbled by her enthusiasm and keenness to learn even at this age when all her financial goals have been met.
The seminar also marked attendance from 9 outstation attendees from as far as Rudrapur,Tehri, Noida and Haridwar.
Every such event requires a high level of preparation, but what the reader must understand is that all the organisers in these events are Sailing professionals. Most of them have just started their families. For them to be able to take out so much time out of their leave is indeed a great sacrifice for which they must be lauded .
In future also the attempt will be to bring out more such learning experiences for those in need, not just for those in Dehradun but those in other cities as well.
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