Awareness Program on Savings and Investment

  • Organised by : Department of Commerce
  • Date : 07/03/2024
  • Time : 10.30 AM to 12.30 PM
  • Venue : Subburaj Memorial Hall
  • Type : Seminar

The awareness program focused on details about the savings and investment. Mrs.N.Nalini.,M.com.,M.Phil.,(Ph.D).,SET., Head, Department of Commerce(SF), welcomed the gathering and the presidential address was given by Dr.S.Sivakumar, Ph.D., Principal. The Felicitation was given by Dr.S.Balamurugan, Ph.D., Vice – Principal and Mr.S.Sureshkumar, MBA.,M.Phil.,NET., Co-Ordinator, Self Finance courses. 

The Keynote address was given by Mr.R.Rajesh Babu, Skill Trainer, Bodhi centre for training and development, Madurai. Mr.R.Rajesh Babu, Skill Trainer delivered an insightful presentation aimed at highlighting the significance of savings and investment for achieving long-term financial security. The speaker began by emphasizing the importance of cultivating a habit of saving money regularly. He said "saving money is the first step towards financial freedom. "The Essence of Investment: However, merely saving money may not be enough to achieve our long-term financial goals. He explained an overview of various investment options, including stocks, bonds, mutual funds, real estate, and retirement accounts, was provided. Understanding the concept of diversification in investments was highlighted to minimize risk and maximize returns. Highlight the potential risks and rewards associated with each investment vehicle, So Participants were educated about assessing their risk tolerance and choosing investment options accordingly. Elucidated the concept of the time value of money, highlighting how saving and investing early can significantly impact wealth accumulation over time due to the power of compounding.

The awareness program on savings and investment proved to be highly beneficial in empowering individuals to take control of their financial futures. By providing practical knowledge and actionable strategies, the program succeeded in equipping participants with the tools they need to make informed financial decisions and secure their financial well-being. 

Finally the session is concluded with the vote of thanks by Mr.P.Jegadeesh.,M.Coop., MBA.,M.Phil., Assistant Professor, Department of Business Administration (SF). This awareness program was ended with National Anthem. 

 

Resource Person(s)

Mr.R.Rajesh Babu., MFC.,MBA

Skill Trainer 

Bodhi Centre for training & Development 

Madurai.