The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Crime
  • Entertainment & Lifestyle
  • Featured
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • Nagpur City
  • Politics
  • Business
  • Nagpur Education
  • Entertainment
  • Nagpur Sports
  • Health
  • Vidarbha
  • Crime
  • Obituary
Business

Beware of Ponzi Schemes before investing your hard earned money: Girish Vyas

by TLN Team July 29, 2019July 29, 2019
written by TLN Team July 29, 2019July 29, 2019
Ponzi Schemes

Nagpur Branch of WIRC of ICAI under the aegis of Investor Education and Protection fund (IEPF) of Ministry of Corporate Affairs of Government of India hosted a very informative session for equity investors titled as “Nivesh Pathshala – Significance of Fundamental & Technical Analysis in Equity Investing” wherein more than 150 people of investor fraternity attended and made themselves aware of the key nitty- gritties of investing in equities.

“Use Common Sense before investing”, said Girish Vyas, Member of the Legislative Council of Government of Maharashtra while inaugurating this Nivesh Pathshala. He remarked that an investment is usually made out of lot of small savings by general public and everyone wishes to get the maximum return in the minimum possible time and that’s the reason people get trapped in dubious schemes.

Vyas addressed the investor community by saying that when it comes to investment, an investor should not get lured by hefty returns offered by Ponzi Schemes, rather before investing, an investor should try to understand the various investment alternatives and appraise them with the help of an expert like Chartered Accountant.

He further added that a country’s economy is measured by its financial stability depicted by various macro-economic data. The Current Government is making all efforts and leaving no stone unturned to work for welfare and up-liftment of downtrodden. The vision of Hon’ Prime Minister of “Sabka Sath Sabka Vishwas” by removing intermediaries between the Government schemes and the ultimate beneficiaries will go a long way in creating an atmosphere of trust and service commitment, Vyas said. He praised the various initiatives undertaken by State Government and Central Government to ensure transparency and making all information and caution available to all types of investors.

Earlier CA. Suren Duragkar, Chairman, Nagpur Branch of WIRC of ICAI welcomed the Chief Guest, Speakers & other Dignitaries and in his welcome address spoke about significance of awareness before investing in financial instruments. He mentioned that members of investor community would be greatly benefited by deliberations of the expert speakers in the field of fundamentals and technical’s in equity investing. He explained that people should take help and follow advice of financial experts like Chartered Accountants while opting for right investment avenue.

Dr. T.S.Rawal spoke about the key aspects of fundamental analysis and how they play a key role when it comes to investing in equities. He quoted various legendary investors and fund managers and their style of investing and also shared his way of looking at various companies while taking an investment call.  The most important quote that he mentioned was two rules of ace investor –Warren Buffet i.e. Rule 1 – Never Lose Money, Rule 2 – Never forget Rule 1. Rawal stated that price is what an investor pays while buying a stock and value is what he derives and when there is a gap in price and value then fundamental analysis comes into picture

Harish Shanware elaborated on significance of Charts & Technical Analysis while trading in equities. Further he demonstrated through his presentation various scenarios wherein a stock can be looked upon for investment / trading. He also covered the charts wherein the stocks under performs and hence one can exit or avoid investing in such companies. Technical analysis is more about understanding the trend and there is less relevance to the concept of value here. Shanware made the investors understand that always go with the trend as while trading in equities, trend is your best friend.

Prominently present on the occasion were Managing Committee Members of ICAI Nagpur Branch, CA. Saket Bagdia (Secretary  & Chairman – Capital Markets & Investor Awareness Committee), CA. Jiten Saglani (Treasurer & Coordinator of Nivesh Pathshala), CA. Harish Rangwani (Executive Member), CA. Mahesh Agrawal (Convener – Capital Markets & Investor Awareness Committee) and CA. Julfesh Shah & a large number of Chartered Accountants and Investor Public.

Get the latest Nagpur Business news and updates about the city’s economy, business, and   market. For an exclusive & live updates from the Nagpur, stay connected with THE LIVE NAGPUR.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
BVM win Under-17 football crown
next post
VTA Members to adopt water harvesting

You may also like

CAIT call Bharat Vyapar Bandh was successful- Bandh...

February 26, 2021

City traders give lukewarm response to CAIT’s ‘Bharat...

February 26, 2021

NVCC supports CAIT demands for Bharat Vyapar Bandh...

February 24, 2021

Bank account, properties to be seized for violation...

February 24, 2021

Institute of Chartered Accountants of India to set...

February 24, 2021

LIC launches digital application-ANANDA

February 22, 2021

“Opportunities to MSME- Initiatives by the National Small...

February 22, 2021

CA’s act as Bridge between Taxpayers and Government...

February 22, 2021

VED Invites interested non-members to its Tourism Meeting

February 22, 2021

Nagpur Chapter Chairman S P Singh gets PRSI...

February 22, 2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.



Trending News

  • Govt extends existing COVID-19 guidelines till Mar 31

    February 26, 2021
  • Ishara’s Paapnaashini Ganga Title Track Pays Tribute to Goddess Ganga in Kailash Kher’s Voice

    February 26, 2021
  • Bhumi Pednekar and UNESCO Join Whisper®’s mission to #KeepGirlsInSchool

    February 26, 2021
  • Aditya TATA Cars Delivers the 1st TATA Safari

    February 25, 2021
  • Social Media, OTT platforms to take down objectionable unlawful content within 24 hours: Central Govt

    February 25, 2021

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

July 2019
M T W T F S S
« Jun   Aug »
1234567
891011121314
15161718192021
22232425262728
293031  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Crime
  • Entertainment & Lifestyle
  • Featured
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.