Business Daily from THE HINDU group of publications Monday, Oct 23, 2006 ePaper |
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Industry & Economy
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Education States - Tamil Nadu Stress on knowledge of financial investments Our Correspondent
Mr Suresh Padmanabhan, Assistant Vice-President, Arab Banking Corporation, Bahrain, addressing the meeting of Business Line Club at Thiagarajar Shool of Management, Pambanswamy Nagar in Madurai. - G. Moorthy
Madurai , Oct. 22 The emerging global interest in the financial sector in India holds lots of promise for the future both in terms of earnings on investment in the securities market and employment opportunities too in the IT field. It is becoming necessary even for the common man to gain awareness and knowledge on financial investment not only to secure a balance between risk and return while trying to achieve an optimal combination in the deployment of one's funds, but also to identify and discourage those who indulge in frauds, said Mr Suresh Padmanabhan, Assistant Vice-President, Arab Banking Corporation, Bahrain. Drawing attention to a recent message by the Reserve Bank of India on the growing need to impart financial education to all in the country, he urged that youngsters must start thinking and learning the intricacies, so that in the long term they feel comfortable with deploying their hard earned funds in life. He was addressing a Business Line Club meeting held at Thiagarajar School of Management on `Overview of security analysis and portfolio management' here. Explaining in detail the various concepts relating to investment, risk and return, he underscored the need to develop a business model to minimise the risk and maximise the return. Describing the Indian scenario vividly in terms of its structure and growth over the years, he said, with the latest addition of the derivatives market there were a variety of choices on offer for the discerning investor. Touching on the functioning of the asset management companies, on how they analysed the securities among the available options on any given day with hourly, daily and weekly charts, to take notice of the movements and trends in the market, he emphasised that price variations expressed as volatility in the market place offered the opportunities for earnings. Investors should seek right opportunities to enter the market and leave the market to be successful. Portfolio management forms an inherent ingredient in the exercise, he stressed. Mr Rm. Somasundaram, Dean- MBA, presided over the function. Mr C. Narayanasamy, Assistant Regional General Manager, The Hindu, Madurai, was present.
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