*IIM Indore Mumbai Campus students celebrate Diwali at Mermier Bal Ashram*Children at Mermier Bal Ashram woke up to a fun-filled day of Diwali celebrations with the students of IIM-Indore Mumbai campus. Diwali is all about sharing happiness and ...
IIM Indore Mumbai Campus students celebrate Diwali at Mermier Bal Ashram
Children at Mermier Bal Ashram woke up to a fun-filled day of Diwali celebrations with the students of IIM-Indore Mumbai campus. Diwali is all about sharing happiness and Ummid, the social service cell of IIM-Indore Mumbai campus celebrated these moments of happiness with the kids of the Ashram. The home was enlivened with music, dance, fun and frolic as students engaged the children in a variety of activities on Diwali day.
“For some people, Diwali is always away from home”, mentions Atul, a first-year student, who is part of Ummid, the social service cell of IIM – Indore Mumbai campus. “We wanted to spread some of our happiness to these children also.” About fifteen students from both the first and second year participated in the celebrations, involving the children in games and competitions. Special gifts were distributed to the winners of each game.
The children also enjoyed special meals from Domino's, entirely funded by the students. Moreover, some students made donations of cash and kind to the ashram, while several others also expressed interest in an extended association with the ashram.
The Ashram is run and maintained by Jan Vikas Society (JVS), a voluntary organization in Kopar khairane, Navi Mumbai. For the last two decades, JVS has been working towards a better life for less-privileged children. Founded and supported by the Missionaries of St Francis Sales, they are committed to welfare and justice to all weak sections of society. Evidently, it's an uphill task for any single social organization to survive and serve for almost 20 long years. However, Br. Robert sounds confident, “We have already benefitted over 10000 children with a host of activities. Also, we have tie-ups with other NGOs in and around Navi Mumbai, so it's only going to get bigger.”
Cinthol, a 12-year old boy, says, “I play chess. He dances well. There is one friend who plays the guitar. But all of us study well.” The children have strict routines designed carefully by the ashram staff, ensuring that they receive good quality education at the school-level along with extra-curricular activities and life skills.
It was four long hours of infotainment as kids proved their mettle at number games and performing arts. The day was summed up with a thematic drawing competition in which the talented kids displayed the fabric of their imagination on chart sheets. “Never give up”, said one painting. That spoke volumes of their attitude in life.
Guest Lecture on Equity Markets & Fund Management by Mr. V. Srivatsa
MR V Srivatsa, Fund Manager-Senior Vice President, UTI Mutual Funds, was invited to IIM Indore PGP at Mumbai for a guest lecture on Equity Markets and Fund management. Mr. Srivatsa is a CA from Institute of chartered accounts of India. He is also an alumnus of IIM Indore, batch 2002. He has 12 years of experience in the equity markets in India, 8 years in Fund management and years in equity markets in India, 8 years in Fund management and 4years in equity research. His research experience was in various sectors such as IT, healthcare, oil and gas and cement. At present he is handling around Rs 1500 crores of equity assets in UTI in both funds and advisory mandates.
Mr Srivatsa addressed the participants at IIM Indore, PGP at Mumbai and gave them insights on Equity Markets and Fund Management on 25 January 2014. The session started with Mr Srivatsa sharing his views on investing. According to him the most important thing is to define the objective of investing. Then the benchmarks have to be defined. The objective of mutual funds is beating the benchmarks and that of the hedge funds is absolute returns.
He also discussed some key factors for managing funds:
Understanding the pulse of the economy and where the economy is directed.
Understanding the Global flows across asset classes.
Understanding the changing laws and regulations in major regulated sectors (Telecom, Banking, Oil and Gas)
Understanding specific company, sector trends and shift.
Understanding Global trends in major Global oriented sectors such as metals, IT, healthcare.
When asked by a participant about the effects of other economies on Indian economy, and which major countries to keep a watch on €“ Mr Srivatsa pointed out that US and Europe are big influencers but China affects the commodities and asset prices to a large extent.
Impact of various economic variables - fiscal deficit, interest rates, BOP, inflation - was also focussed upon. Along with the detailed discussion on when to go short (or sell) or long (or purchase), the factors for buying securities, the defensive, discretionary, cyclical and growth sectors were focussed on.
The session concluded with case discussions on TCS, Amara Raja Batteries Ltd. And BHEL, focussing on key challenges in fund management, attributes of a good fund etc.
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