Okay. Good afternoon everyone. It's already two o'clock. Hello, Sir Pratyush. Yes, so welcome to the webinar team, an awareness campaign on financial markets. Our speaker for today is Mr. Pratyush Bhaskar and he has also brought a colleague with him, Mr. Abhinav Gaara. So, sir, on behalf of Dezo College and the Department of Commerce and Management, I would like to extend our warmest welcome to you. So, before we begin the session, let me just give a brief introduction of our speaker. All right. So, Mr. Pratyush Bhaskar is a multilingual business broadcast journalist, financial trainer and media consultant with over 20 years, mind you guys, 20 years of field experience on working and creating content for noted media houses like Z-Business, DD News, TV9, TV18, P7 News, UTV. These are just a few of the names media houses that he has collaborated with. So, sir has also covered strategic key beats such as covering listing of companies, listing of companies in financial markets, product launches, mergers, acquisitions and joint venture deals like Tata GLR, SEBI announcements. He has also interviewed RBI governor and IRDA regulator. So, currently, Mr. Pratyush Bhaskar is associated with a media production house presenting India's first financial education news show called Pesavasu on the national broadcaster DD News. He has also conducted 500-plus financial market seminars on behalf of SEBI, NSE and NSDL in top companies, associations, colleges, schools and institutions across India. So, in addition to this, sir has also been teaching banking, financial services and insurance courses plus journalism courses for this undergraduate and post-graduate students in colleges such as Mitibai, Somaya and Harikshan Mehta Institute of Media Research and Analysis. So, you guys keep in mind, we have in our midst a very multi-talented man, a man with abundance of experience, a man of skill and knowledge. And therefore, I hope this session will benefit each and every participant present here. And so, sir, welcome once again. Without further ado, please take the time. Thank you so much, Dengu. I think thank you so much for embarrassing me. Nobody has gone to my CV in that detail. I forgot what all I've got. Let me just, but really thanks a lot. You've been very kind with your words, very polite. You know what, when you move ahead and you forget what's happening in the back, but then it's good to once in a while look back. Just a correction. That was the past five hundred. Now, we've covered around 1000 sessions. So, North East is one such area. It's a happy hunting ground for, if I may say so, because that is one area, a lot of people don't go. And I always feel like in today's time, I'll be very, very candid. Your students are grown up enough. I should not be trying to put up a rather sugar-coated scenario we have right now in our Indian situation, isn't it? We've got three big issues in front of us. One is the sanitation crisis, that is corona. The other is the economic depression that we're looking at. That happened even before corona struck us, isn't it? And third very important thing is the China crisis that we have on the borders. So, three C's and I don't know how we look forward to get beyond it. We keep talking about what the others should do, but you know, being a reporter, I should better tell you, we are very good at that, telling people what people should do. Forget what we are doing actually. I hope you got the joke, what I'm trying to say. So, jokes apart, today we will look into what we all can do on our part. Being students of finance, can we study this scenario in perspective and understand what we are studying is not just a 20-25 mark paper, but can also change our life, the way economy of Deemapur, you know, your status. You can change every damn thing, believe me.  I'm not lucky to have a professor like Deser. You are lucky people studying commerce.  Fourth thing is always considered time pass. So, trust me, you know, 90% of India doesn't understand importance of financial literacy, financial planning, which is very, very crucial for our survival. I would rather say, financial planning is a life skill. Because in today's time, our teachers taught life science was, you know, botany zoology. But life being the teacher taught me, life science means commerce and economics. So in today's time, if you don't understand both these subjects, then may God bless you. You won't survive for long. Trust me. Look at how our states in North and our states like Gujarat, Rajasthan are faring. Don't you see a difference?  But no, those guys have got the whole of, you know, finance, the money, everything keeps pouring to their state. It doesn't go to our resource rich state, not the northeast, does it? Because we are not able to appreciate the finer financial details, isn't it? So today's session is going to be an eye opener. I would keep it very, very practical because for theory, we've got wonderful professor like Deser and teachers are there. But I would just insist on telling you what all I've seen in my little span that I have, I've been dabbling if I may say so with a lot of, you know, balance sheets of companies, I would rather say, you know, balance sheet is like mills and boons for we finance reporters. You can know about a company by having a look at the P&L numbers. And in today's time, almost every company is trying to cook books. You know, cooking books is a word we generally use for when somebody is trying to dabble with numbers, you know, we've seen so many accountancy frauds in the recent past, you saw what happened with Satyam. So a lot of things have happened around us. And anybody who says that finance, economics, commerce is boring, you should jump off the cliff. Trust me, you're not understanding a science guy saying, boss, whatever colors I found in botany, there are more colors on the balance sheet. Only thing you should be able to get to do it. So without further much ado, I won't bore you with the foundational part, I'll just dig deep into it since you guys all hard work finance students. Today, I will just run you through a presentation. And I'll see if we can understand something about, you know, a crucial area like financial markets. Are you able to see this slide? Is it visible? Yes, sir. Now it's great, great. So you see this particular building, anybody who's been to Bombay shouldn't be unaware of this building. You might have come to Bandra for obvious other reasons. On Bandra West, Bandra West said you would all those funny film stars doing all funny businesses, you all have been seeing what's happening in the news channel, I need not get into it. On the Bandra East side, there's a place called Bandra Courlois Complex BKC. If you ever be into this place, we call it the commercial hub right now. It's called the new Nariman Point because all the food offices, big company offices, they've shifted to Bandra Courlois Complex. And one such office is Securities Exchange Board of India, SEBI. Now, if you all have heard about SEBI, you would know SEBI is an administrative body, a statutory body created by Government of India, Ministry of Finance, for one purpose. Now before knowing that purpose, let me give you a 30 second small story about how SEBI came into being. You all remember the year 1992? Were you all born then?  So jokes apart, what I'm trying to say is Buddha people like me and Desa, we were already alive. We saw what happened in 1982. There was this guy called Harshad Mehta. Harshad Mehta was a very smart chap. You know what he used to do? He used to be an agent between two banks. Now, understand how banks work. You know, banks sometimes need some money to be given to the other bank. So he used to be basically an agent between two banks. So say on Friday, he'll get some chance of money and mind you, banks generally share money to the tune of lakhs and crores, not just 150 rupees, isn't it? So that much of liquidity coming to a person, imagine what he can do. So that type of people are very simple, they didn't know what to do. This guy was a smart elec. So what did he used to do? He knew about financial markets. So he used to use that liquidity to invest in stock market and say by Monday when the bank opens, he will make decent returns because he had good knowledge of which stocks will go up, which stock will go down. And from there, he'll get the money that he invested. The interest he'll pay to both the parties whatever was due, out of the remaining, the arbitrage that used to be his profit. And trust me, when you invest lakhs and crores, if you look at the volume game, your returns go into manifold, isn't it? Which means this was the game he was playing for quite a number of weeks, months, suddenly markets crashed. He was not able to provide whatever money had taken one back to the other with the interest. So what happened? This scam came through banks were in tension. What has this bugger done to us? And then the story came out how he had fraud at the whole system. In the year 1910 to you mind you, there was no Sebi. Sebi people are talking about Sebi. So government got in tension. You know, government thought if we don't create this organization, people will have to go to their local police station. The police stations, you know, they don't understand about financial crime. They only know three by four molestation, the 302 half modern stuff like that. Financial crime, economic offense when came later on. In the year 1992, everything was very simple. People had no clue about financial markets. So, you know, government had to hasten and in the year 1992, Sebi Act was promulgated and Sebi was put through. It was given whole charge of taking care of all the investors interest.  So Sebi was created as an administrative body. The purpose was any person, whether your mom and dad, uncle and whoever misses out on anything that you feel that somebody is trying to give for a ride. Your savings is at a risk in being invested in the wrong company. You can always approach Sebi for information and also for redressal of your companies. Okay. And there are certain numbers I'll be sharing. So I won't take much of your time. We'll just go ahead. Later on, I'll give you some numbers also helpline numbers that you can call Sebi and get help from. Now, today we'll cover topics like financial planning, Sebi, buying, selling of shared mutual funds. And in case if you have any complaints, how to get your complaint redressed, we'll have that mechanism also restored. Now, the first topic that comes in front of us is financial planning. Have you all heard of financial planning? Anybody? Let me give you another word. Family planning. Have you heard of family planning? Family planning is basically a limiting number of children and families, isn't it? Financial planning is limiting financial liabilities in life. Financial liabilities means where areas where you are putting in money, but you're not getting good returns. Your money is going not coming, isn't it?  We can't take care of you. Never ever think about that. Never in 1,000 years. But I'm telling you, it's a smart thinking. It's today we are here because of our family. Remember that. Our mom and dad, our granddad, grandmom, they've been helping us and we are not able even to stand. Financial planning never means disregarding our family values. Financial planning means planning for your future financial leads. And that can happen with families, isn't it? Look at America. They don't respect family values. You know what's happening to them.  We'll have too many reports coming through and they'll tell you what kind of mess they are in. Despite financial depression that we are right now looking at, I2I, still India is in a senior position. Why? Because we understand who all we are with right now, isn't it? So I would say financial planning means planning for your future financial leads. Today you are like students. Mom, dad, they're able to take care of you.  So what mom, dad are doing to us, tomorrow you'll have to do to your kids, isn't it? So financial planning is a cyclical process. I'll understand. We'll tell you how the cycle works. Now, financial planning, we've got terms like money. Anybody who knows what is money? Money, money. Money is something that Mr. Mukesh Ambani has and my father doesn't. Anybody with more creative answers? Okay, some people would say money is something that is a medium of exchange, isn't it? That's what Desa teaches you in the books. Now that is right. It is. But beyond that, can you think about something else? Let me give you another example. You see the statement, it's written that money doesn't buy happiness. It gives us choices in life. Do you agree to the statement? Now, some people would disagree. People, what do we think money can buy happiness? You can buy anything with money, isn't it? That's what people think. Actually, we are mistaking choices to be happiness. I'll give you a small example. Say, you know, typical example of we guys, isn't it? It's not just your story, it's my story. Every guy's story. Say on a birthday, generally we wake up very late in the day, you know, 10 o'clock and dad mom puts a bucket of water.  I'm sorry, I was playing online. I couldn't get up not. But then you'll get up very early. Why? To cook, sit, go to your dad for some extra allowance. This isn't only a birthday. Now you get up, you see your sister, sister, say, ah, Lousy fellow, what are you getting up early? Is it just for getting extra mula from dad? Don't worry. Remember that you honked his bike. Whatever.  You would say, move off. Today's my day, I'll go talk to dad. You go talk to dad, dad. You would say, dad, dad.  And every year to this day, you keep reminding me of my mistakes. I'm just joking. But sometimes, you know, that's what happens with fathers and how that's how we talk. You said that enough of this couple, Sharma jokes, be serious. You're supposed to give me some gift, right? That says, yeah, I remember every I give you some five, ten thousand rupees for doing nothing at all. What more do you want? You would say, dad, it seems you're not raising your reading your newspapers properly.  Inflation is going up. You will try to, you know, put up your case strongly. Dad will say, look, son, your granddad gave me that bicycle. I gave you a bike, nothing beyond that. You said, no, no dad, you know what, even my office boy, he comes in a bullet. I needed KTM, which means you're not coming to your point.  Whatever might be the reason. So what happens is in case if you're able to coax and cajole dad and get money, you'll have options in life. Isn't it?  And if dad doesn't give you the money, you might have to go for hero and a passion for which you don't have any passion at all. Isn't it? Which means with money, we are getting choices in life. What we do with a choice will make us happy or sad. Isn't it? Look at what it says. What we do with a choice will make us happy or sad. Let's say dad gives you some money. He's in a very good mood and you use it might to open a mutual fund account. Put money in mutual fund. Do you think your money will grow? In case if you come into the words of one of your smart friends just like you and say, you know what? Again, mutual fund. Two, three percent. What is a return? I know one of my friends, he's into this marketing, that marketing, your money will quadruple overnight and out of greed, you put your money there. Will your money grow? Your money will not grow. It will grow and grow. R stands for returns. Returns becomes mute. Grows becomes goes. So always remember if somebody is trying to sugar quote, deal to you. This means there are red fats out there. Remember, there's nothing called easy money. Money is like a seed. You can put that seed under the wing between your teeth, crush it, get some taste out of it. There's pass out to a stool. And if you put that seed in soil, a plant comes out, a sapling comes out, the plant becomes a tree. Tree will have fruits, fruits will have again seeds, seeds you can drop somewhere else and this cycle if you proceed with this cycle, this is how money should grow. We call in our technical language, power of compounding, isn't it? So money should always be used as seed not as a nut by a nut, cracked somewhere else, isn't it? So you use money to develop it to make it grow. And if you buy things that you don't need, soon you'll have to sell things that you need. It's what elders say, which is quite right. Which means in today's time, college might teach you how to earn money. But you should also learn how to manage your money. If you don't know how to manage your money, then maybe I'll bless you. You have to manage your money because people like Ratan Tata, Mukesh Ammani, Kumar Mangala Bela, they all have made so much money not just because of their businesses they are in, but they know how to manage their money, isn't it? So you also understand how you can manage your money. In managing money, there are two terms that come across savings investment, isn't it? What is savings? What is investment? You all know. I want to know the difference. Anybody who knows the difference between these two, let me give you another small example. We join us as good storytellers. I would tell you everything to a story, okay? That's okay with you.  You tell mom, mom, mom dad is again trying to not give me money. Mom will say, come, come. That's how you know mom pampers us. So mom will go to the kitchen. She won't go to the bank, by the way. Mom is home ministry. That is external affairs ministry, isn't it? So foreign affairs everything that takes care of mom will go to the kitchen. She even won't go to the bank. She'll open her flat box in goes hand outcome, 2000 rupees note, isn't it? Now this magic only moms can create. Dad's, it's the other way round. The moment this money goes to dad's hand because he's got not cases like us kids. What we do is we latch on to dad. I want this money and I would say, okay, out of his lover affection, he'll give us the money and money doesn't grow in case again out of the love and affection that he has for us. He might put that money in some scheme without realizing whether the scheme is good or not. He'll go to his one of his friends. That friend will be as smart as he is. But you'll see what one of my brother in law came from blah, blah, blah, this space and this is how it is and money will blow because this person got the return. So without doing any research, he invest money doesn't grow. It goes, isn't it? So in today's time, just to understand mom keeps that money in her flat box, isn't it? But she knows there's a small mice, a mouse going around in the kitchen. The mouse is called inflation. Inflation eats into the savings that we have, isn't it? So what mom does is she puts some part of the savings to dad and he says, she says, you know what, our son is growing. Why don't you put this money in some scheme that will go talk to one of his smart friends just like him. They say, you know what, put the money here and with due respect to our dads, they are not finance students. They don't understand how money grows, you know, how wealth management is to be done. And that also we don't realize. So my request is whenever you got time, whatever you study from day, sir, whatever you study from your books, please share with your parents because understand in today's time, the kind of effort we are put in earning a money if you put even 10% of that in managing the money, God bless us. We'll grow money like anything, isn't it? That's what people who are at the other end of that spectrum are doing. We are not, isn't it? So today I would say, please think about how you can convert your savings into investment. Now, there's the cash lies. I'll give you another example.  We put money to our girlfriend, isn't it? Anyways, one fine day you've given some money to your sister. Your sister puts that money in piggy bank, isn't it? That's what girls do. Nice piggy bank. You put the money in piggy bank for 10 long years. Girls are good at, you know, they can save money like anything. Guys can spend like anything. That's what we are infamous for, isn't it? So you put money in piggy bank for 10 long years. If you put money in piggy bank with the money grown on its own, whether my decrease on its own or whether money remain the same. Anybody? Most of you would think money will remain the same, isn't it? Money will never go. That's a no brainer. How about money decreasing? Think about it. See, as I said in the case of mom, she puts money in the flower box, same in the piggy bank money stays there. The face value of money remains the same, but purchasing part of money goes down. Isn't it? You have to realize that that money, whatever it could buy 10 years back in it by today. No, it can't. The value of money has gone down because things around us are becoming costier by the day. So in today's time, mere savings won't help you. Imagine if you have that particular money and that money, piggy bank is a smart piggy bank, a piggy bank with four different compartments. How four different compartments are debt, equity, commodity, property. Have you all heard of debt? That is when you put your money in banks, fixed deposits, liquid funds, isn't it? Insurance, that is debt. Equities, capital markets, stock markets, shares, some equity mutual funds, then commodities, gold, bullion and the other commodities, property, real estate that we all know. So if you're smart enough and you don't go off in day sales class and you're listening to everything about finance and if you know how much of 10,000 should go in debt because you need some safety also.  You put maximum amount of equity because equity is a long-term investment instrument, mind you.  So if you put some money in gold and you want to have a nice house also, you put some money for real estate.  Which means what money you're putting in the piggy bank? Smart piggy bank. The smart piggy bank is giving you equal amount of more money or even more than that if you're smart enough. Which means the smart piggy bank is what?  Mutual fund gives you best of both the worlds or rather all the worlds, isn't it? I will tell you how mutual fund helps you in subsequent slides. So this is how what we do is we convert our savings into investment. We all are trying to convert the piggy bank into a smart piggy bank. If we do it, we can increase our money manifold, isn't it? Now what happens to our savings and investment?  It's household savings. That's what we call it. But if you put your money in some company, you know, you invest in some shares, the company uses the money to grow, isn't it? If the company grows, the GDP grows, GDP grows, the country grows, isn't it? Let me give you this example another way. Say you and I have got some money. We have got money, but we don't know what to do with the money. So what we do? We tell Mr. Tata, not literally, but say we are talking to him, say Mr. Tata, you know what I've got some money. I don't know what to do with the money. I think you know what to do with your money. How about I give my money to you and please use it in your company. I am investing in your company and please make it grow. So since Mr. Ratan Tata specializes in converting you know, loss making profit like Elko into profit making one that cheated all along his life he's been doing that, isn't it? So all these businesses, you have to first do your research and in share market, that's exactly what you do. You give the money to the companies that was invested on my behalf. But I would expect good dividend at the end of every quarter, every you know, annual AGM and all that. But that is between you and the company. You know, you'll be always asked about your opinion in the AGM you are required to do that. So stock market is a scenario wherein you know you are giving your money to someone who knows how to use it. But there lies a catch. You should already be particular about your research. Never follow borrowed Gyan.  You should do this. Never. See, whenever you borrow where with borrowing comes an interest. Remember that interest can go both ways, isn't it? So my request is do your own research.  You can do pretty much better than that with teachers. Now when we have money, we use money for financial well-being, isn't it? Financial well-being would be using money for further studies for marriage without money. Can you marry? Talk to your girlfriend she'll tell you better idea. Buying house. If you want to buy a nice fancy house anywhere in Dima, you need money. Retirement boss in today's time, if I'm working like a maniac, if I don't have a retirement plan, I'm in deep trouble, isn't it? Another very important aspect of health emergencies. No other example, look at Corona today, somebody is, you know, somebody says that he's tested positive. What tension that person is in because you know, once you go to the hospital, you might have been given a huge bill. Now, India has got world-class health care we all know, but for every world-class health care, we've got world-class bill also. Doctors can save you from the diseases. Who will save you from the bills? To save yourself from the bill, you need to go for health insurance.  Don't go for a fancy insurance, but some insurance is required. If you don't, just stand when we start earning the first thing we should think about is our protection. First, when we earn, we have to save. Savings need. It's for daily needs, short-term goals.  Kitchen is shut. You'll have to go out, take the money, have some, you know, snacks, which means that is a short-term goal. Say days are as an examination Monday or whichever day, you know, you're supposed to buy some stationary for that. That will be your short-term goals. Then comes protection needs. Protection need, I told you. You're crossing a road. There's a truck coming from the other side. You saw the truck. The truck didn't see you on the lower end.  You are in the hospital dad intention. Doctor says, you know what? This much of money, operation successful. If the money is not there, may God bless your son. Isn't it? So in today's time, anything can happen to anyone. So my request is first get an insurance done. I'm not seeing a fancy one, but at least an optimum family floater is very much required because nobody knows what will happen next. Then comes investment needs. You all have a dream. We all have a dream. We want to become something, isn't it? When I was your age. So that leads us to our medium term, long term goals. Say you want to get into revenue services. You want to become an MBA. Is it?  You've got different ways of investing or other saving. Savings bank is there. RDS is there.  So you have to decide where you want to put your money. Options are all available. But first get the knowledge about each of these and then start investing. Whenever we tell people to invest either money or time, they say boss, we don't have any of them. My time. I don't believe money. I can believe money. You're not having because not you don't know how to save money, isn't it? So let let's me let me show you this example with these two equations. Look at these two equations, the first equation and the second equation. The first equation is of our household expenditure. This is the story of a top of the style, isn't it? In our house, what happens that comes on first of every month or first week, whenever he gets his salary, we latch on to him, isn't it? Dad, dad, money, money. And I would say, son, just hang on. Let me talk to your mom also.  You know, your kitchen expenses, everything. It's just a concern. She won't say anything but she says it in one corner. She needs some money for studies. So what happened that divides all the money amongst each one of us. After dividing for our expenses, if there's some money left that becomes savings. This is a typical household story, isn't it? You know how Mr. Mukesh Ambani people like Ratan, Tata, Kumar, Mangalam, how they work. They work in a different way. They come to their house, say Mr. Mukesh Ambani will come to his house. He'll say, Nika bhai, tamai kya chho, hiya humya besho, that's all the token gujarati. So he'll say, see, this much of, you know, Jio, SIM card or whatever work from him has happened. So I've made a lot of money. I've sold a lot of my stake to Facebook and all that. So this month, I've got this much of money. So he'll say, this is my monthly earnings. From this, I'm removing my savings first. So Mr. Mukesh Ambani is smart. He knows the importance of saving. So what he does is he removes the part of his income as savings. And from the remaining of his income, he says, do whatever you feel like me that you want to go buy an IPA team, have a ball, whatever you want to do, do, but you're not supposed to touch savings. And this is the reason why Mr. Mukesh Ambani is Mukesh Ambani, Rathan Tathadeva, rich. Our father is not rich because he's got NPA is non-performing asset like us, isn't it? We keep latching on to him. So today when that comes, whenever first of the month that comes, I'll just tell him, da, da, da, da, is this guy in our webinar. He bored us, dead alive, whatever. But he gave us a nice idea. He said, from now on, whenever you bring your salary, we are not going to take everything from you. What we do is from your salary, please remove a part of your salary as savings. From the remaining money, I've talked to mom also. We will manage between the remaining only. If you did do this for a couple of months, couple of years, believe me, whether or not you become Mr. Mukesh Ambani, Rathan Tathadeva, it's completely up to your destiny or your hard work. But for sure, you will have a strong savings, isn't it? And once you have got a strong savings, you can, with your knowledge, understanding of different asset classes, you can invest. So my request is, learn how to save. And these two equations have been taken from a book called Rich Dad Poor Dad. Read that book. That book has been written by a guy called Babad Kiyosaki. Please read him. We call him Financial Samurai. That guy is an amazing person. He's got amazing ideas about gold. He says, I don't believe in any currency. I only believe in God-believed currency that's gold and silver. So that's one way of looking at it. But you know what? When you invest in gold, you don't get regular returns. You only get it when you sell the gold at the end, isn't it? You can manage. You can think about it. Otherwise, there are a couple of equity products which are gold as the underlying asset, like gold ETF. You can think about that. That we'll talk in the latest slides. But first up, when we talk about financial planning, we need to understand you have to follow a flow chart. The first step in financial planning is identifying your goals. Now, if I ask any one of you, all the tech sites, do you have any goal in life? Any dream? What do you dream about? Not the girl sitting next to you. She can come only when you've got something, you know?  You also need to think about having a goal in life. Steve Jobs, he taught us he can sell his half-eaten apple at a far greater price than monkey's apple, isn't it? Look at how costly apple machines are. Anyways, and look at the apple logo. You will get the joke. Okay, jokes apart. What I'm trying to say is, have a goal in life. There's a guy called Ratan Tata. I've been naming him Amazing. He has said a very nice thing. You should always have a goal in life. Have a dream in life. If you don't have a goal or dream in your life, somebody else will have a goal or dream in their life and that person will hire you for fulfilling their own dreams, not yours. Would you like that? Would you like that? Tell me. Somebody else having all the goals and that's exactly what is happening. Mr. Ratan Tata, Mr. Mukesh Ambani, Mr. Dheerabhai Ambani had a dream. Karlo Duniya Mukthi Me. Didn't you do that? And we all, our parents, our uncle and aunt, they are working for those people because they had a dream, our uncle and aunt didn't. So in today's time, my request is have a goal in life. Today, I want that Nagaland should get one of their Flipkart or Amazing or Microsoft Windows from you people only. Tetsuo College is an amazing college. You've got a fantabulous promoter of yours, one who knows Mitchell's Fund. I met him last time when I was there. So I would suggest you've got right people. A day star is there. Just eat his head hollow. Download everything from his hard disk. We all need to learn that. That's what I used to do in my class. I was, everybody was very afraid of me because I was asked a lot of questions. Today I did do the same thing being a reporter. But trust me, answering the questions is a far bigger fun because then I also learn a lot.  Smartphone generation. Our generation was Nokia 1100 generation, isn't it? So I would suggest phones have become smart but we all have become dumb. We need to become far more smarter. How? By having a nice goal in life. So my request is have a goal. Like Bill Gates, you know Bill Gates' story. He was not in debt. So mind you, he was in which college? He was in Harvard, London. He was studying maths. So he was driving some part of device that can do the mobile phone, mind you. So maths teacher saw just like day star is there. So maths teacher was very strict. He said, Bill, what are you doing in my class? Now Bill, you know, he's got a very nice sense of humor. So he said, he thought if I stay here about a Harvard, will it help me in getting a job? Will it help me achieving my goals? He said, sir, I'm playing video games. Now for all you people who know Bill Gates, before starting Microsoft Windows, used to write HTML codes. He's very good at coding, mind you. That's the reason he started at company. Same with Zuckerberg. He's very good at coding. That's why Facebook came through when he was very young. So Mr. Bill Gates says that I'm playing video games. Hearing that teacher got furious. He said, Bill, playing video games in my class, Bill, out of the gates. Now before Bill went out of the gates, didn't he open Windows? He did because he knew whether or not I finished my education here, the windows that I'll open will help me in getting sack full of currency notes today. You know, he puts 50, 60% of his earning into charity. Still is among the top 10 richest person. Which means he has taught one thing to all of us that you don't make money by snatching it from people's hands. Politicians, please learn. Okay, you can also make money by being charitable. But for that you need to open Windows, isn't it? That was just a joke. What I'm trying to say is in today's time, we need to have a goal in our life, a dream in life. And once you have a goal in life, you can identify it, the next step is identifying your assets. Who are our assets? Our assets are our mom and dad, isn't it? For non-performing assets and peers like us, only they are the saviours. If you think you've got a nice idea, you want to convert that idea into a good one, Hach, please go to a bank. Try going for one of those Mudra fancy loans that government has promised. The manager would say, son, come here. Have you seen your face in the mirror? I don't see any reason why I should put my money. Your idea is a pockum pockum piece out of the window. No, but he would believe you. But you know how mom and dad, they're always there to support us.  Then you have to identify your liabilities. I would call responsibilities. So you've got a younger sibling, then you don't take money from them, you pay them because that's what your responsibility is. Which means here you have to pay back. Then once you start working, you'll have a nice future earning, isn't it? That's exactly what will happen to you. And once you'll have an earning, you'll have spending also. So in your life, remember two things will happen. You will earn, you'll spend. If your earning is more than your spending, you're very happy. If your earning is less than your spending, you'll be in trouble, isn't it? So to make up for that, either you have to increase your earnings, but there's a limit to which you can increase your earnings. There's a limit to which you can decrease your spending also. You can't stop eating. So there is a limit where you can't extend both of these. What do you do is, whatever money you're getting, you should plan. Whatever pocket money that mom is giving you, please put that money in suitable products. We call it investment. Putting money in suitable products. What are suitable products? For your age, there will be many mutual funds like SIP, Systematic Investment Planning, SIP.  So please open Google or any of the website.  Check out all the details that they have to provide. Check out about mutual funds, study about them, because the exchange and the regulator, they've got stored house of information on their websites. Problem is, if I ask you honestly, put your hand on your heart cross it and say, how many of you have visited these websites? I don't know whether you have. My request is the books that you're studying, they are from Baba Adil Gizaman, isn't it? Very old. Despite the best efforts, books take ages to get reprinted and corrected and all that. Right now things are happening at a rocket speed in front of us, isn't it? Things are changing. My request is, internet is a huge storehouse of knowledge. Please learn from it. Go to the website of NSAB. And very important when we invest, review. You should review. If you're putting money in debt, equity, commodity, property. If your money is not coming good enough from debt, switch to equity. Equity is not giving you to switch to commodity. You should always keep reviewing your investments. If you don't, remember, investment is a dynamic process, not static. You've done it, done and tested, you don't look at it. No, no, you look at how the markets are changing and based on that, make your decisions. Now, I'll just run through the rest of the slides which are quite long, but then they are theoretical because many of this you already studied in your classes. One is diversification. When we invest, remember, you should diversify your risk. You should become risk-averse. How do you become risk-averse by investing? Part of your investment into boards, CDs, mutual funds, stocks. Asset allocation is also very important. What it means is basically apportioning your money in various products, which means like fixed income, growth, tax savers and equities and cash. It all depends what your investment horizon, investment avenues, what are you thinking? Always remember, you have to think about your goal first. Everybody has a different goal. Somebody would have a goal of having good retirement. Okay, somebody will want to go abroad. Somebody want to have higher studies. Whatever your goal is, please invest accordingly. And don't copy people. When we invest, there are three important considerations for any product. What are these three important considerations? The first is returns. Then comes safety liquidity. I'll just run you through some of these with some speed. Returns is like, say, for instance, if I tell one of your CRs, you know what, I'm giving you 100 rupees. Give me 100 rupees, end of this month, I'll give you 150 rupees. Won't you be happy? If I say, give me 100 rupees, I'll give you 120 rupees, 101 rupees. You'll be not very happy. If I say, give me 100 rupees, I might or might not give you money, but 90 rupees you'll get. Will you be happy? Run away, I don't give you money. So it's basically depending on returns. If your returns are not good, you won't invest. Then comes safety. Say, for instance, if I talk to your CR, I say, you know what, take 10 rupees from all the students. Now, 10 rupees is something that each one of you can spare. Say, for a tea and whatever, isn't it? Now, if I take 10 rupees from 100 people, it becomes how much? 1000. From 1000, if I take 10 rupees, it becomes 10,000. From 10,000, lakh to 10 lakh, 10 lakh to 1 crore. Now, to 10 lakh people, 10 rupees is a small measure. But for a person, single person like me, 1 crore will be enough. Now, I'm trying to show that I'm a conscientious trader. What I say, I'm going to buy seeds with your money. And I'll say, for every 10 rupees invested, I'll return 90 rupees, which means 100 rupees you'll get. Now, nine times return will make anybody's mouth water. And I'd say, I'm investing. I'm going to buy seeds. I plant the seeds on both sides of same, from Deemapur to Guwahati. And you'll have a nice avenue. In 10 years, the trees will grow. You know how much it rains. A boy or a person like me stands there like a buddy.  So if trees, plants are put there, I mean, seeds are put there. For sure they'll have plant trees. I say in 10 years, I sell all the fruits, the wood, whatever comes out. And for every 10 rupees I invest, you invest, I get you 90 rupees extra. Won't you be happy? We call it environment-friendly investment plan. You'll be happy. Do you want to give me money? Come on, give the money to your CR. This is exactly how plantation schemes work. I'm just kidding, don't do that. I'm just saying, this is how people come and make nice fancy presentations to you.  It has a ring to it, isn't it? Which means in today's time, anybody can take you for a ride. My only question is, when you listen to me, first of all, Desa knows about me. He's done my background check. You should always do a background check on everybody.  Before putting your hands into your pocket, please put your fingers on your head and think what I'm saying, what this person is trying to sell me. Is he trying to sell something which is not good? And if you see a single red flag, run away, run away. Don't even wait for a second. And please inform others to save from people like me if I'm doing something funny, isn't it? Then comes liquidity. Liquidity is say if you put money in gold in a jeweler and Desa says, you know what?  I say, you know, I need the money back.   By next Monday, I'll give you the money. Will you be happy? You won't.  And the degree of investment differs from person to person. Somebody or somebody returns might be more important. Somebody's safety might be more important. People at my age, I would prefer safety, isn't it? Because I don't have many years left now for investing. But people at your age might be thinking returns are more important. Safety you can take care of, isn't it? Now, when they invest, we have to keep in mind this risk reward matrix. What is this risk reward matrix? Reward, if the reward is high, risk will be high. This happens in the case of derivatives, equity stock products, isn't it? If the rewards are low and risk is low, it happens if risk is low, reward will also be low. This happens in the case of bank deposits, post office, TVF, debt rein, which is funds, isn't it? Where your reward is high and risk is low. Remember, I'm saying reward is very high. Risk is low. I'm saying give me money, I'll double portfolio money like this in a jiffy. Remember for this, save me what save me has to say. Save me says such product do not exist. Don't believe if I say such a thing. I'm trying to sell you something which doesn't exist at all. Now, if risk is high and reward is low, in such cases, again, save me says, schemes promising unrealistic returns, but capital itself might perish be there, which means your principal amount that can also vanish. Remember when we invest money, there's a small thing that we all are taught by elders. You should always have your purpose of money that you have invested in some debt product because debt there's a lot of safety feature with debt products. So you put your money there, whatever returns you get from the debt product, three, four percent, please use that money investing elsewhere. In case, I'm saying that if you do that, whatever happens to your other riskier investment, at least your debt will remain in your hand. But if you invest the whole of it out of greed, what if the market crashes? Your money can vanish in thin air. So it's always advisable you should invest compulsively. Have some money in debt, equity, quality, property. That means the money will grow. Diversification is key. Now, when we talk about investments, people generally have a horizon. Say for instance, if I say you have to develop a purpose of 10 lakh rupees and if you are starting with some money, if I ask you to get a purpose of 10 lakh rupees, how soon should you start? There's an answer. If you start 30 years back, like right now if you start studying, if you start investing for the age of 60, and if your power of compounding is 15%, if you do research, at this much of interest rate, these many years back, if you start investing, you will only require this much of money to be invested regularly for 30 years every month to get a purpose of 10 lakh rupees. But if you're investing, say just five years back, with this much rate of interest, you have to invest this much of money, isn't it? Which means if you start early, you always get a head start. So it's advisable, there's nothing, no time better than now to start investing.  Okay, when we invest money, we always have two options. Either we invest on our own or we need a financial advisor. Now, choice is completely yours. If you think you're a big guy, you understand markets, you know investing, you can start investing only on if you research well. But if you have not much of knowledge, please visit a financial advisor. This is just like if you have some diagnostic features of your suddenly getting breathless, temperatures going up, either you can go to a medicine shop, get some medicine for fever, or you can go for your test done or corona, isn't it?  My request is please visit a doctor. In the same way, if you are not having proper knowledge, visit a financial advisor. But remember, there's a difference between financial advisor and the agent. Agent would be a person from a company who would be with the only idea they have is, he would try to sell his product, only his products, okay? A financial advisor is a neutral person who would first look at your financial profiling. He will have a clear understanding of your financial situation, your goals, explain how you can reach what are your spending habits, how many people are in your family, and after asking all these many questions, he'll pay your financial profile. And then he'll say, please invest this much of your investment surplus that you have in this much in debt, this much in equity or quality property, because he has done that research. And for that, if he charges your money, you can pay him. But remember, if an agent is giving you free advice, remember that time the advice might be free, but you might have to pay later on, isn't it? Which means you are being sold somewhere. So remember, if something is free, doesn't mean that thing is good for you. And if somebody charges you, doesn't mean that thing is bad for you. It's completely how you decide, how you judge them after going through various parameters. When we invest, remember, investment is not gambling. You always keep saying that people think that it's gambling, it's not. There is a science, and there are science in the stock market. You have to study both these things, isn't it? Now, when you see suddenly price-bearning ratio P by going up, you know when to exit, isn't it? Now, if you see in today's market, I mean, how the market is behaving these days, no production in the market, suddenly you see market going up. Now, you know there's something happening behind the scenes, isn't it? So my request is, please study the market well. Don't consider it to be gambling. You should know where you're going with your investment, what you're dealing with. Study the products in advance. And for doing all these, you've got a nice, very investor-friendly regulator called Sibu. What does Sibu do? Let me run you through some data. Say we take a financial regulator for investment products, the way you've got RBI in banking, we've got IRD and insurance, we've got PFRD and pension, and forward markets commission, important commodities derivatives. So we've got a regulator in all these various areas. So what is the bottom line? You should always go in an area only when you have a regulator there.  There's no burglary, nobody steals anything. You're very happy. But God forbid, tomorrow there's a burglary. Who will you go and file complaints to? So it's always advisable to go in a market where there's a nice regulator. Equity market has a nice regulator called Sibu. It's been working right from the year 1992. As I told you, Harshan Mehta, you should thank him. Because we had Harshan Mehta, we got Sibu. Today people like Sahara and all, they can't run with our money. You know what has happened to Supratra Sahara? He did the same thing, he was running a huge scam. Sibu rounded them off, they said boss, you can return the money. They couldn't, right now 4 chapters in the jail and all his hotels have been liquidated and the money has been returned, it's being returned to all the depositors as we speak. Now there's a preamble to Sibu Act. The purpose is investor protection, regulation of securities market and development of securities market which all are very, very crucial. Okay, now under the purview of Sibu, we have got three eyes as we call them. They are investors, issuers, intermediaries. Investors would be people like you and me who want to benefit from the market by investing some of our savings. Issuers will be company which would want to raise money capital from public, through IPOs and all. Intermediaries would be stock exchanges, depositories, Mitchell fund, collective investment schemes. Again, it's a very ill-enlisted topic so I would suggest keep it from CIS. Portfolio manages stock brokers, depository participant, merchant bankers. These are intermediaries through which people like you and me we invest in stock market and through them only these companies raise capital, okay. So it's a benvenged situation for all. Now, when we talk about securities market, so many questions come to our mind. Share, how to buy a share, rules and notes, bonds, dementia, Mitchell fund, rights, responsibilities, what is the procedure requirement? We run through them just in a jiffy, okay. Now, we keep getting infused with terms like securities, equity, debt.  Sorry, all equity are securities but all securities are not equity. Now, in securities you've got debt, you've got CIS as well, which means that three forms of security, what is security? Security is basically a paper that says that you own a particular asset, class, product, at particular time, unit at this price. And there's always a time value of money, remember that. This price can change. Doesn't mean it's written there 10 years later, you'll be liable to get this money back. No, no, it will happen at that opportune time at whatever price that security is marketed at, okay. Now, in securities you've got equity, shares, warrants, Mitchell fund, ETF derivatives, debt, we've got government securities, bonds, dementia, Mitchell fund, Mitchell fund have two debt, remember, there are debt, Mitchell fund, there are some equity Mitchell funds also. CIS, I told you, still not very clear. So, stay away from there. Okay, in securities market, what are securities market just to understand? It's a place where things are bought and sold, just like in any other market. Only thing, here you are buying securities.  Now, this is a market where you've got participants, agents, entities, products, and best thing is it's regulated by CBE, okay. Now, why do we invest in securities market? There's a reason behind it. Your money grows, there's capital growth, you get good returns, okay. You've got diversification. I mean, you can diversify your investment, tax benefits are there. Just to make this form of investment more popular government is, you know, do a lot of tax benefits. When you invest in debt, remember there are a lot of taxation there, but in equity, benefits are there to invest for a longer term. Returns, as I told you, they're better returns. I will show you how. Look at this particular chart. If you, a lot of people when they, when you tell them that you've got some money, what do you want to do? You would say, I'll put money in bank. Now, bank used to be safe till two people came in this world. Who are those two people? Leader Modi and Vijay Mahalaya, isn't it? Till they were not around, we used to consider bank very safe. And then in 2017, if I'm not wrong, there's a bill called FRDI Bill. I would suggest all you students to Google it out. FRDI Bill is a bill passed by government of India which says that if you put some money in the bank God forbid, for whatever reason, leader Modi, Vijay Mahalaya, they ran away with your money, whoever people like them. Then you are only supposed to get 10% or 1 lakh, whichever is lower from your deposits. Which means in today's time, if you think putting money in banks, it's not considered as safe as it was before. Isn't it? Because a lot of scams are happening. And even if your bank is about decent enough, your neighborhood bank, look what's happening to your money. You're putting 1 lakh rupees, you are getting interest 4,000 rupees. It becomes this much, but the tax on interest that you're somewhat discounting is coming to this much. Impact of inflation, I told you what is inflation? Inflation is at which product services around us are becoming costier by the day, isn't it? Which means you have to pay this much also on your money. This is the value by which your money has gone down. Which means end of the year, your 1 lakh becomes 94764. You won't realize it because you're not taking these two into account. Isn't it? My request is, was the days of banking are over, you have to think beyond it. So debt kebab, that comes equity. Now, why do we do it equity or commodity property? Because diversification is there. As you're, the days I would be teaching, you don't put all the eggs in a single basket.  They all will break. And without making another huge omelette, it will come on your face and it will stink like anything, isn't it? And you won't like it. Which means it's always good to become risk averse. Invest across different asset classes. That's benefit you get in equity market. Now look at the tax benefits you get when you invest in different schemes. If you're investing in shares, remember if you invest for a long term, there's no capital gains. But for short term, there's 15%. If you're trading, buying and selling regularly, you'll have to pay a part of your profits to the government. Equity which you'll find. Again, another form of investment, dividend tax fee. Remember dividends are taxed by the companies which are providing this dividend. We call it dividend distribution tax. But you don't have to pay any tax on dividend. Remember that. Again, long term capital gain tax is nil. That which your friends are there. Here also you've got some benefit but then since that is there, there's a component of tax here. Okay, ELSS. Now, this is something that people like me, they say we all love, isn't it? Because we all salient people, we think about this. Why? Because it provides ATC rebate to us, isn't it? But problem is I would suggest you know, anybody who thinks of tax savings by investing, I would say tax savings, in the end you're not able to do it because government has got various ways of taxing, isn't it? I mean, we all focus on direct taxes. How about direct taxes, GST? At everything we buy, we have been taxed. So my request is boss, forget about the tax part right now, just invest as much as possible to get maximum returns. Because if you're getting maximum return now, that will take automatically care of all the taxes, isn't it? But if you're just investing because you have some tax benefit, lousy, miserly, 2% 3%, boss, that product is not poised for getting you good returns. This is just for tax benefit. And that is not what you're looking at, isn't it? Now, when you put money in savings, keep like NSS, LIC policies, ULIPs, pure your tax properly, remember that. So if you see this particular chart, what comes to your mind? In a way, the system is trying to push you from debt into equity, isn't it? So in a way, you're being pushed towards the edge of the cliff. My suggestion is please, you have to somehow prop out your wings, learn how to fly if you don't. Remember, the cliff is very steep. You'll be getting back into that area wherein you don't want to come out from, isn't it? Which means in debt, there are no returns. Even schemes are not that friendly to us. But when we talk about equity, you've got areas where you can make a lot of profit. A lot of people have actually done that, okay? So I'll give you another example. Now look at this, even rate of inflation rate has gone up. Okay, now if you invest 1 lakh rupees, okay? Consider 1981 to be your year zero, your base year, okay? And if you're investing 1 lakh rupees in Sensex, after five years, it becomes this much. People have become this much. Five year fixed deposit is much. If you invest 1 lakh for 25 years, look at how much it has become here. Clearly you'll see Sensex outstrips returns, isn't it? Last couple of 25, 30 years, if you've seen the Sensex, market has grown like anything, isn't it? Which means equity gives you far better turn. Sensex is actually the sensitive index of Bombay stock exchange. Another exchange like national stock exchange. NSE has got Nifty. I'll give you another example. Say Nifty, when it started 95, 92 if I'm not wrong. Nifty was trading then around 800 and 100. Today Nifty is trading at around 11,000 something, isn't it? Tell me honestly, which sector has grown 11 times? This has, but we don't think about it because we are scared, otherwise we've got a lot of myths about this market. My request is today's session is about debunking all these myths. Understand how this market works and little knowledge can take you a lot way ahead, isn't it? Now, when we talk about stock market, you need to understand what is a share. The unit on which we're talking about a share only, right? Now, share is basically a certificate that is issued by companies which want to raise capital for their expansion or new business, okay? For that, they would be giving share certificate to people like you and me and in return they get per unit capital. That money goes to the bank and it helps them to start new business for expansion, okay? Now, how do you buy a share? There are ways of buying. One is primary market, the other is secondary market. Secondary market, what happens is the deal always happens between the buyer and the seller. Company is non-involved, remember that. Once the shares are issued by, there's nothing the company can do. Then it's secondary market. Here what happens is there's a DP in between deposit participant or broker as we call it. Broker sees to it, he is taking the share from the person who wants to sell it and giving it to the buyer. He brokers that deal, isn't it? There's a contract paper and then you've got depository in between, right? Understand something, share is not a normal product. Like, you know, you can just go to a company, say, Mr. Tata, I want to buy one share, please give me a share. This is my email ID, say it to me or you might not know. You have to go through a DP. DP is a broker. He facilitates that whole process and since they are complex products, we have got the whole whole system of financial market. Isn't it? Okay, how do we benefit from the market? See, we have invested in a particular stock of a company. Company grows, we'll be happy. Company doesn't grow, it becomes smaller, we'll be sad, isn't it? So this is how market works. Now dividend is a term we all come across. What is a dividend? Dividend is actually a share in the company's profit, which means total profit divided by number of shareholders. That is your dividend per unit. What happens is whenever company expands, your business happens, they make a lot of money. Now they have to remember people who have invested in the company. So what they do at the end of the quarter year, they divide dividends. Many a times they might not distribute dividends. Mind you. Then what happens is that money goes to the shared value of the company. Then you have got capital appreciation. So there are two ways of making money. One is capital appreciation, the other is dividend of the company. Now when a company wants to access the capital market, they have to go through an IPO. That is what we call primary market. IPO means initial public offering. First what happens is a company has to release an offer document that comes in various newspapers. And then they have to submit their rendering prospectus, DRH as we called it, to the SEBI. SEBI would go through the accounts of the company, bit by bit. And once SEBI sees the company is a decent company, the people's money would not go waste. And by doing all the keeping all the checks and balances in place, they give a go ahead to the company. Company will go with the merchant banker who will create a valuation of the company, isn't it? They go to the depository, shares are issued on the exchange it gets listed. And once it gets listed to demand account, the deal is done. Before it used to be a huge long-run process. Today, thanks to technology digitization, it's become even more simpler. Another beautiful aspect is ASBA. You know what, whenever we used to before apply for IPOs, the money used to go to the company, stay there for some time. If your luck is there, if the company is not subscribed that many times, you still get a number of shares.  If they do my lots, you may or may not get, which means your money stays dormant. Now a new thing has come through, that's called applications supported by locked amount. Which means later it's closed. Sir Piyush Bhaskar, yes. I'm sorry for interrupting you, but we are running a little bit out of time. I'll run through, I'll run through. All right, all right, thank you. Okay. So this is primary market. I'll just rush through this slide. This is rolling settlement. I think sir has taught you, it's just that, you know, before it just take huge number of days today, from trading plus two days, you get money into your DMAT account, which means trading has become even more simpler and faster. If you want to buy to a stock broker secondary market, you need to open your basic services, DMAT account, BSD we call it. We need pan, Aadhar card, a profiler entry address, bank account for that, and just rush through it. Just the process requirement. These are features. In case if you are trading only 50,000 rupees, there are no charges in AMC for your BSD. In case if you are trading for more than 50,000 to 2 lakh rupees, you still would be charged less than 100 rupees, which is decent enough. For trading, there are certain requirements you have to go through. Before, when you fill application form, you'll have to read through these things. Please don't leave any spaces blank. You never know what the broker will do there. Also, when you are trying to run through the market, there's a nice beautiful aspect called single KYC securities market. Thanks to budget 2014-15 now, what we have is single KYC. You don't have to run through different windows and get know your customer norms done. Today, through a single KYC, you can get all your KYC done. Now, when we invest in any company, you have to do a stock broker. How do we know which broker is good enough? You have to go on the website, check details about their registration whether they're still or not. Check their track record. Check their membership that they are claiming that they are members to some stock exchanges. You have to see how they execute their orders. Do they have their own diverse service or not? And very importantly, whenever we try to open a deep end account, remember documentation is very key. Read all the offer documents carefully as they say. Now, remember regarding investment, we have these various sayings that look at quality of business, not just stock, which is a fact. You should always know whether you want to, you're investing in the name, the brand or the kind of business they are in. Check all these details. Please save it from all these hot stocks as they call it. How much money will you make?  And when we invest, think about how a market would behave. Never try to time the market. People have this funny notion that 20 years market will be there. Just research about the companies, research about the stocks and then invest.   There's a common objective and it's regulated by CB, the regulator. Now, the three parts of Mitchell fund you would have studied, trustee, asset management company and then there are schemes of Mitchell fund and best of all, it's regulated by CB itself. By the way, investing in Mitchell funds is very simple. Professionally managed, transparent, liquidity. Whenever I want, I can redeem my units. It's convenient, small ticket size, diversified. Mitchell funds invest across the board. It's very regulated and operational costs are very low. Difference between Mitchell fund and equity, they are different people. Think they are one and the same, they are not. Remember, equity-oriented Mitchell funds are there which funds investing in equity stocks and shares. They are debt, Mitchell funds investing in fixed-signal product bonds and adventures. Like this, they were different forms of Mitchell fund and they are open-ended, closed-ended developments also. Now, there are two different products just to give you an example. There was one which was an insurance called ULIP. It came through to provide best of both the world that is investor and insurance. Believe me, sometimes people try to do that. Sometimes what has happened is people have got returns of insurance and safety of investment. They thought of getting the other way around, but it doesn't happen. So my request is whenever you think of a particular product, do some research. Don't look at the product dossier but look at the whole report. Okay, ETF is a wonderful product. It gives best of both the world which means it gives you best of Mitchell fund as well as shares. Which means it's like a Mitchell fund which is traded dynamically on the board system. There's a continuous pricing and you have to sell and buy through a broker. Now, in ETF, you've got another beautiful product called Bull ETF. We all love Bull, isn't it? But we all are scared about the theft, wealth tax, issues of purity is there, whether or not you get your Bull. So just to do away with all these concerns, we've got Bull ETF. Which means there's a third party which takes Bull's ownership and he is trading on your behalf.  Only thing for that, Bull is the underlying asset, remember that. Which means tomorrow if the prices go up and you want to get benefit of that price arbitrage, you can just sell a piece of paper without touching the gold physically, without taking any of the risk involved, you can get good returns. Okay, so Mitchell fund, is this like a Mitchell fund? But underlying asset is good. Now look at the benefits you get when you invest in, go lately for fund-to-fund. You get wealth taxes not applicable here, long term capital gain tax after one year, VAT is not applicable here. Which means whenever you invest, please kindly go through this particular chart. It's available on the website. Get proper information and then invest. Last two slides, in case they never think about investment, as I said, never go by hearsay. If I'm saying, boss invest here, don't. Unless it returns, like if somebody says, on a 30 day contract, I'm giving 20% return. Don't believe. As I told you, there's nothing for easy money. Okay, deals like land, real estate, doubling investment, peak plantation, emu farming, bull farm. They all sound very nice on the face, but remember that they're not recognized by CAB. CAB has to go through everything and then there are lots of frauds that have happened. Why? Because people didn't consult CAB first. And that's the reason we always say, whenever you hear of something that goes to CAB, help my number. That's what I'm trying to share with you. Because investment is something that even Einstein would not be getting into. He can talk about relativity, but investment has a different aspect to call it together. When we think about filing a complaint to CAB, there's a nice grievance or distal mechanism that you see in front of you. Online, you can go to this htbscores.gov. Click on this. You can file complaints. There are people in CAB who speak all possible languages. They will help you with your problem. In case if you have any issues, you can call on the helpline number 1800-267-75. These numbers are available from 930 to 530 in the evening. Please call them up Monday to Friday. They'll help you with whatever you want. In the case of Sahara, people call up. That's the reason they got the money back.  Please approach CAB. CAB is just for you. In case if you want to visit the offices, they are here, the website, this is the one. In case if you want many more programs, you can click on this. You can mail it to them and they can give you many more such programs. I think this was the long and short of the session. I'm sorry if I didn't bore you, but I hope I have finished in time. Any questions? Yes, if students have any questions, participants, if you have got any questions, I think we can take one or two questions because we are actually running out of time. I'm sorry for that, sir. However, if there is anyone who has got any question, yes, we will accept one or two questions. So you may either type it in the chat or unmute your microphone and ask sir the question if there is any doubt. Or what you can do is you short of time, you can mail me the question on ramedia03 at gmail.com. I'll make sure to answer your questions. Vibhara colleague Palak is here. She's written this question, sorry, the email ID. You can mail your questions here, okay? Great, great. All right, sir, then I think we'll have to, we'll have to go for that option. I'm really sorry for rushing you at the end. Thank you so much for being in such huge numbers. Thank you so much. I appreciate you for taking time off. Yes, thank you so much, sir. It has been a really- Thank you, thank you, sir, yeah. Okay, thank you, sir, for coming online and enlightening us on these capital markets. They've covered all the topics like regional farms, stocks, zards, and then SIP, and then age level, at what age level they need to invest. The more the age is, the less the risk takes, right? So earlier we need to invest in that way. So, and the book you said, so, the Robert T. Coles, yeah. You can, I want to show the students, this is the book, by the business schools. All the commerce students, many of us should study these books. Please do, please do. The business, same book, I'll say, cash flow programs and all. It's written by Robert T. Coles, okay. Wonderful books. You will know how to invest, where to invest, and how can you, let me say, you increase your investment's value over the times. So, when to invest, where to invest, and keep away from these chain marketing and like the- I'm lucky to have such a good professor. He knows everything. You know, you have an interesting person. Thank you so much, sir. Yeah, yeah. So, you can be away from this, you should check with SEBI investing anythings, okay? So, thank you, sir, for coming over here. Maybe because of corona pandemic, but not invited in our policy, maybe in next few years, you'll be coming up over in our policy. So, thank you, thank you. Once again, student, if you have any queries, you can just write in the chat box, or just we are actually running today. Now we have one more session, just started at 3 a.m. Okay, thank you. Thank you, sir, thanks. Thank you so much for all the participants for joining in. I hope you have understood whatever, sir, has taught you today about shares, mutual funds, and how to not invest in Ponzi schemes, how to be careful, how to save your money, how to increase value of your money. Since we all are running out of time, I have shared one email ID, it's ramedia03 at gmail.com. Feel free to mail us any of your doubts or queries, okay, and sir is there, and our other trainers and experts are there to answer you, and we'll ensure to answer you as soon as possible. Thank you so much. Okay, thank you so much, sir, Prithviush Bhaskar, and the team, thank you so much for what you have presented. It has been not only enlightening, but it has also been very interesting with the jokes and the examples that you have given. Thank you so much for that. We have really enjoyed it. And yes, if there are any questions in future, we will definitely email it to ramadean03 at gmail.com. Thank you so much, sir. Thank you on behalf of Dezo College and the Department of Commerce and Management. Have a wonderful day. Thank you. Thank you, your teammate also, sir, thank you. Okay, thank you, Dr. Chico Saleh. Yes, sir, thank you. Thank you.


Knot County is celebrating its 20th annual Spring Horse Trail Ride. Folks from 14 states loaded up and traveled to the Mind Made Adventure Park to join the festivities. The trail opened Sunday, and Thursday marked the opening of the festival. To participate in the trail ride, you must B-Y-O-H. You know, bring your own horse. However, the festival has other activities to enjoy, such as music, a petting zoo, vendors, and carnival rides. If you don't ride, don't let that shy you away.  We kind of like to relate it to a little family reunion. Everyone just gathers in, socialize, spend a good evening with friends and family. If you do like to ride, the festival offers different trails for you to choose. We have a beginner trail in the intermediate and then an advanced. They go anywhere from an hour for the beginner to a 10-hour ride for the advanced. Dana Dobson and his family have attended every Knot County trail ride. They say the atmosphere is what draws them in every year. Friendly family atmosphere. Cook, meet, all the family comes, gets together, sit and talk, visit with everybody. Feed the neighbors. And the workers. Feed neighbors and workers. The Spring Horse Trail Ride is $20 per person for the entire week. Reporting in Liebern for EKB News, I'm Shelby Steele.