(From left) R Aishwarya, Aditi Pacheriwala, Ayushi Agrawal, Riddhi Kothari, Krunal Dhabale, CA Rupam Bardia, CA Sanjay M Agrawal and Ayush Gupta at the seminar.
“The results of the Chartered Accounts’ examination are quite similar to share market expectations; you do your part of investing / studying but the results may not always match your expectations,” said CA Rupam Bardia, while speaking at the seminar for CA students titled ‘Working of Exchanges and Basics of Share Market’ organised by Nagpur Branch of WICASA of ICAI. CA Bardia said while referring to the quote of Warren Buffet that “There are two rules of investment – Rule No. 1 – Invest your money in the financial market and rule No. 2 – Never forget the money you invested and keep a track on it”.
He further explained that share market and actual market are quite different. He narrated the paradigm shift in today’s market scenario from retail stores to big malls / online markets / multinationals like Flipkart and Walmart. “Gone are the days when shares were dealt manually and physically. Now online trading of shares and MF is being done. With technological advent taking over and scrutinizing by SEBI, investor protection and transparency in share transactions has become the word of the day,” he pointed out. Bardia explained in details about Initial Public Offer (IPO), Further Public Offer, Mutual Fund and other ways of buying shares in market. He also spoke about his investment rule - “Always do your own survey based on your understanding about the company which is the concept of valuation of shares rather on relying on tips and tricks given by agencies”.
What has gone has gone and has become past. Set your eyes for future and plan properly to invest, he remarked. One who understands and interprets properly would make good fortune in future, said CA Sanjay M Agrawal, Chairman of Nagpur Branch of WICASA. Chartered Accountants are considered to be the doctors of financial intelligence and thus the clients expect solutions for all their issues from them. Prominently present on the occasion were CA Harish Rangwani, Executive Member, Nagpur Branch of ICAI. The seminar was conducted by WICASA Team comprising of Ayush Gupta, Aditi Pacheriwala, Riddhi Kothari, Vaidik Sakoniya, Ayushi Agrawal and Krunal Dhabale and R Aishwarya.