Youth should convert their savings into investment: Financial experts
Patiala, Youth should transform their savings into investments to make their future secure. These sentiments were expressed by Ashwini Bhatia, whole member of the Security and Exchange Board of India (SEBI while addressing the students and faculty of University School of Applied Management (USAM), Patiala University on Monday at Punjabi University. The event was jointly organized by Citizens Awareness Group, SEBI, NSDL and NSE. Bhatia, a former MD of State Bank of India, inspired savings by sharing experiences from his financial career through a virtual session. Presenting the example of the principles of Discipline, Default and Diversification, he said the youth that along with savings, investment is necessary for which long-term patience is required. That’s why there is no shortcut in this sector.
Earlier, the organizer and Head of Department, USAM, Dr. Rajkumar Gautam, in his welcome address, emphasized on the significance of such events and said that by sharing this platform with financial experts, management students would get practical exposure which would be beneficial in their career.
In his address, SEBI’s Regional Director Rajesh Dangeti emphasized that the youth should start investing from now itself even if it is their pocket money. The investment will not only help them in the future but will also support their professional career. He said that there are many investment options available in the market but take the help of only those brokers or firms which are recognized by SEBI. He said that the purpose of formation of SEBI by the Govt of India is to protect the interests of the investors and to curb any fraud in this sector.
Earlier, Surender Verma, Chairman, Citizens Awareness Group (CAG) emphasized to avoid any investment without knowledge. He instructed the students to do their ‘homework’ before investing.
Joginder Singh, Vice President (Regulatory), NSE said that while things have become easier for the investors due to the advancement of technology, there has also been a significant increase in financial frauds, which need to be vigilant.
In his address, Mohita Dahiya, AGM, SEBI, Chandigarh, said that being a management student, it is very important to keep yourself updated with the news of the corporate and financial affairs for which it is very important to read the front and business pages of newspapers.
During the program, COO of NSDL Amit Jindal and Assistant Manager Amit Gupta also expressed their views on the related topic. Dr. Ravi Singla, Associate Professor of the Department expressed gratitude to the delegates at the end of the event
