JBIMS hosts Dr. Mohit Batra,[/b] CEO, Alchemy Capital for a session on “Financial Products and Services”[/b]
JBIMS is considered to be unique in management education as besides the regular curriculum, the students are constantly interacting with the industry thus strengthening their practical orientation and developing themselves into future business managers.
One of the activities included hosting Dr. Mohit Batra, CEO, Alchemy Capital for a session on “Financial Products and Services” with students of the junior batch. Being the founder of moneycontrol.com, CEO of e-18 (CNBC), and working along with the best investors in India, Dr. Batra has had a rich array of top management experience in financial services across companies such as Motilal Oswal, ABN AMRO Bank etc.
The session assumes great relevance given the increasing demand of financial services. Dr. Batra outlined the strong need and growth of financial services and wealth management in India given the present level of investments and upcoming change in the mindset of investors as well as the mode of investments. He started by explaining the financial services structure in India and the varying investment needs and investor’s behavior at different stages of life.
Dr. Batra pointed the changing consumption and investment trend in India vis-à-vis major developed countries of the world which explained the future of this sector. He also stressed on India being a fast paced developing country which has now turned into the golden pick for most FIIs and FDIs.
He also explained the role of an MBA in this sector by providing a critical view of this segment. Investors get fooled by salespersons for diverse investment avenues. This is now being tracked by the regulators which led to the first step of banning the entry load on mutual funds. Investors are also getting more and more aware and educated in this era of free information flow. Timing the market and having a perfect asset allocation to meet the individual needs is of utmost importance for Indian investors to make the most of the country’s growth. Wealth Management services and structured tailor-made products for investment is the new trend. Thus for the people associated with financial services, it is the need of the hour to upgrade their business models, make it more sustainable, as the companies can no more earn revenues by fooling investors.
Apart from teaching finance in sync with the course curriculum, Dr. Batra spoke at length about his experiences and the challenges faced at various stages in his career. He claimed that we fail as people influence us a lot. Thus, he urged the students to develop the ability to work along the good and bad luck spikes and troughs.
In his very lucid style, Dr. Batra made the session highly interactive, inviting several questions from the audience. He was highly delighted with the interest and enthusiasm that came across students’ participation during the session.
The students concurred with his reasoning and were won over by the passion; and the sense of conviction with which he spoke influenced them to make a career in this field. The session left students asking for more of such sessions, and maintained the tradition of Jamnalal Bajaj alive in the outside world through people like Dr. Batra and many such eminent industrial experts gracing the campus.