Finance Decrypted Webinar

FETS S.P.I.T. in collaboration with the Finance and Analytics Club S.P.I.T. organized the much-awaited “Finance Decrypted” webinar on September 19, 2020. The purpose of the webinar was to give the students an insight into the financial field, the importance of saving and finance as a career path.

The esteemed panellists were Mr Subramaniam Pisupati, a speaker at various colleges and TV shows, who has more than 25 years of experience in the financial field and Ms Adity Dadheech who has 8 years of experience in the field of finance.

The webinar hosted by Ankit Datta, the Vice-Chairperson of FETS S.P.I.T., commenced at 8 pm. After a brief introduction of the respected panellists, a special keynote address was given by Mr Devesh Dadheech, an Independent Director at Morarjee Textiles and the Founder President of DITF.

“How to lead a religious life? – Ramayana teaches you. What not to do in life? – Mahabharata teaches you. How to lead a life? – Geeta teaches you.”, said Mr Devesh Dadheech.

He gave the viewers some far-reaching advice. He talked about the need of having additional degrees which might open up further opportunities. He emphasized the usefulness of having a thorough understanding of all the laws of the land and how one must stringently follow them to grow in life.

After the end of the special keynote, a few of the questions put forth by the attendees were taken up. When asked about the initial steps while entering into the career path of finance, Mr Subramaniam Pisupati replied that one must have an in-depth understanding of risks. He then discussed the various sectors of finance like insurance, broking, capital raising and allied production, to name a few. He explained how the field of insurance can be the most challenging yet the most rewarding out of all the fields of finance. Highlighting the importance of savings, he opined that one of the major reasons why India has been able to put up a great fight against Covid-19 is its high saving quotient of 39%. Another intriguing question was “How much time does investment take to get good at?”, to which Mr Subramanyam responded, “Investment is always a comma. There is no full stop. You will always keep learning.” Subsequently, he touched upon some other topics such as the importance of having work experience and skills required for pursuing an MBA.

Then Ms Adity Dadheech continued the discussion by illustrating the definition of risk mitigation followed by a detailed discussion on 5 reasons why everyone should start investing in their 20’s. The viewers also got an understanding of the Financial Planning Hierarchy. She then discoursed on the variegated insurances plans of LIC and its pros and cons.

The hour and a half long colloquy closed out at around 9:30 pm with a vote of thanks proposed by the host.

“I thank the panellists for giving us such deep insights into the various aspects of finance. I’m sure the webinar will help the viewers in making up their minds about the financial field they’re going to pursue”, said Ankit Datta, the Vice-Chairperson of F.E.T.S. S.P.I.T.