Moneylife Foundation at Management School
Moneylife Digital Team 02 February 2016
Management students learn how to manage their money and invest smartly
 
Moneylife Foundation held yet another seminar on safe and smart investing, this time for finance students of Guru Nanak Institute of Management Studies at Matunga, Mumbai. While most of the attendees, who are students of business administration and finance, would be expected to have a good grounding in matters of finance from a theoretical perspective, there is little in management education syllabus that prepares them for the intricacies and the realities of managing their own money. Moneylife Foundation’s seminar on being “Safe and Smart with Your Money” prepares them for just that. 
 
The first session was conducted by Sucheta Dalal, managing editor of Moneylife and founder-trustee of Moneylife Foundation. She pointed out to the students how they can avoid financial mistakes so they do not lose money. The second session was addressed by Debashis Basu, editor of Moneylife and founder-trustee of Moneylife Foundation. He articulated the simple steps for investing smartly. 
 
Mr Basu explained how to keep the task of managing one’s savings and investments simple, while understanding returns after tax and post-inflation. As college students have time on their side, he advised them to invest in equity mutual fund schemes and stocks with an investment horizon of 15 years or more and asked them to stay away from gold, real estate and insurance products.
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