Wednesday, September 26, 2012

Guest Lecture by Mr. Sanjay Chandel

The SIMSREE batch of 2012-2014 had the privilege of having on campus Mr. Sanjay Chandel on 24th September, 2012 for a guest lecture. Mr. Sanjay Chandel is an alumnus of the batch of 1996 and is currently the CEO at India Bulls Mutual Funds. Previous to this, he has also worked at the Indian Commodities Exchange as the CEO for more than a year and as an AGM at Securities and Exchange Board of India (SEBI) for 11 years. The topics for discussion for the session were Role of SEBI and impact of SEBI policies on Mutual Fund Industry, MCEX - Threat/Complement to other Sensex.


Mr. Sanjay Chandel started the session by asking the students what their understanding of mutual funds was. He then went on to explain what exactly a mutual fund is and how it had evolved over the years. He threw light on the Government of India created - UTI in 1964. He talked about how the monopoly of UTI had mainly targeted the retailers. Then in 1988 SEBI was formed and the Ministry of Finance allowed the public sector banks to float mutual funds as well. Although SEBI was created in 1988, it received the statutory power in 1993.

He also spoke about various scams like the Ketan Parekh scam and Harshad Mehta scam.  He explained in detail SEBI’s investigation in the former scam and how Ketan Parekh was ostensibly banned from trading on the bourses till 2017. He talked about the sector cap on the debt mutual fund schemes introduced by SEBI to reduce huge exposure in specific sectors and how the mutual fund industry had adapted to it.

He then concluded the session by answering numerous queries raised by students such as the reasons as to why SEBI was formed, the satisfaction one gets to work in SEBI as it brings in new acts and laws for the welfare of the country, the IPO issues and how the merchant banks will be responsible for it and the Facebook IPO. This session was highly interactive and the students got a deep knowledge in areas of stock exchanges in India such as BSE, NSE, and MCX – SX, SEBI, and Mutual Fund industry. We look forward to have him back on campus for more of such insightful sessions.


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