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From left to right: Dr. Tomy Varghese, HOD, Chinmaya Vidyapeet, Kochi, Mr. Pradeep Chandrasekhar, CEO, Finmark Trainers India Pvt. Ltd., Chennai, Mr. George Joseph, Special Correspondent, Business Standard, Mr. Suresh K, Regional Chairman, ANMI & Mr. George Mampilly, CEO, Acumen Capital, at Business Standard Smart Business in Kochi on 21st June 2014, in association with Association of National Exchanges Members of India.
“In a period of just 25 to 30 years, India has become world’s second largest economy, surpassing the US”, said Pradeep Chandrasekhar, CEO, Finmark Trainers India Limited. He said that tensions in Iraq would be solved shortly and the capital markets would improve. Delivering a lecture at the Business Standard Smart Business meet, held on 21st June 2014 at Kochi, he said that the return on capital market investment was 14-15 per cent for the last 8 months. Yet, the investors had missed the opportunity since they were not keen on investing in shares one year back. This is because most of the investors in India do not have a proper investment plan.
He said that capital market is a good avenue for investment, especially in the long run. But the investors should have a proper investment plan. Trading is very different from investing. An investor can invest in companies which have proven track records, quality products and have consumer confidence. Those who are active in short term investments should also have a proper trading plan, he added.
Dr. Tomy Varghese, Head of the Department of Economics, Chinmaya Vidyapeet, Kochi, said that the percentage of people connected to capital market is in a range of 4-5 per cent on an all India level. The number is not increasing steadily. The people of India need good financial planning.
Investment is not easy, but should be based on information. So the people of India need proper education on investment planning. A minimum of 20 per cent of the earnings should be saved regularly and should be invested on proper products, he added.
Suresh K, Regional Chairman, Association of National Exchange Members of India [ANMI], addressed the the meet. George Joseph, Special Correspondent, Business Standard, was the moderator of the session. George Mampilly, CEO, Acumen Capital, also addressed the session. Around 70 delegates actively participated in the session. This was the 86th Smart Business event since its inception in 2012.
