The students at IIM Kashipur have developed quite an inclination towards the area of finance. Being taught a course on Financial Reporting and Analysis in the first term by one of the best faculty of IIM Lucknow- Prof Manoj Anand, the students got an opportunity to get a holistic view of the world of Finance which furthered their interest in the area. Keen towards enhancing their knowledge of finance through various initiatives, event and activities, a group of students got together and started the Finance Club – IIM Kashipur.
The fundamental belief of Finance Club has been that knowledge can be increased by sharing. This encouraged the Finance Club to start knowledge sharing sessions wherein some guys having knowledge in Finance by certifications like CFA, NCFM etc and past experience in the domain of finance started acquainting the batch with basic concepts from different areas of finance. After an initial session on the overview of financial markets, the Finance Club conducted sessions on Equity, Debt and Corporate Finance.
The session on Equity was conducted on 31st August 2011 and the speakers were Pulkit Taluja, Ravikant Sharma and Varun Kumar Agarwal. In the four hour session, the speakers covered the topics: Basic Equity Concepts, Equity Trading, Stock Indices, Models of Equity Valuation, Key Financial Indicators related to Equity and Industry and Company Analysis. The questions asked by the participants made the session interesting and the team of speakers didn’t move ahead until the doubts of all the participants were cleared.
The session on Fixed Income was conducted on 5th September 2011 and the speakers for the session were same as that in equity. Apurv Pandit, Editor – Pagalguy, also attended the session. It was a two hour session and topics that were covered are: Fixed Income Fundamentals, Fixed Income Markets, Fixed Income Instruments and Fixed Income Risks. The Finance Club plans to conduct another session on this topic to cover its breadth and depth.
The session on Corporate Finance was conducted on 22nd November 2011 and the speakers were Abhishek Kamble and Pulkit Taluja. The topics covered were: Capital Budgeting, Cost of Capital, Capital Asset Pricing Model (CAPM), Leverage, Working Capital Management and Financial Statement Analysis. The knowledge of this subject is important from a manager’s point of view as it caters to various decision making problems and their evaluation criteria.
Some members of the finance club have also started taking independent projects the results of which we would share in the near future.