Report – Mumbai Investor Meet

Published: February 2, 2015 at 11:37 am

Last Updated on February 11, 2021

Yesterday, the workshop on financial planning and goal-based investing was held at Mumbai. Here is a report.

The day began for me at 3 am to catch the 6 am flight from Chennai. I don’t like text  messages before I fly. It means a delay or cancellation.  Thankfully, this one was from Subra asking for the exact location of the hotel in Dadar.

Thankfully, the flight landed a few minutes ahead of time. En route to the hotel, I received a call from P Gopalakrishnan, who along with his wife Aarthi were already at the venue (more than an hour before the start) helping out with the registration.  They were kind enough to print the list I had sent them.

When I arrived, I was overwhelmed to meet so many facebook friends and Asan Ideas for Wealth members. Fee-only planner, Melvin Jospeh was at the registration desk and helped out with the arrangement throughout the day. The fundoo.com team, who had part-sponsored the event was already there. Headed by Sharad Singh who spoke passionately about the how mutual funds are analyzed and ranked by them and his team members, Gaurav Mody and Atul Khanna.


The previous day, Jinesh Shah, Vishal Rochlani and Guru Rudagi had gone to the hotel to oversee arrangements meticulously planned and negotiated by Sundaram Ananthakrishnan. Sundaramji has organised this despite severe domestic constraints.

Abhinav Guletcha (fee-only planner) was there with his laptop for me to use. Swapnil Dalvi got his laptop as a backup. Jinesh Shah was busy with his Handycam.

There were so many others who help out: Abhijeet Dongre (who runs stock portal Eqax), Abhay Gadiyar (IFA) , Prakash Praharaj (fee-only planner) ,  Nitin Rao (who runs alphaideas.in) , Pratik Singhal, Bhadresh Shah, Chetan Raut, Mahesh Jadav, Pradip Chinnakonda.  Thank you very much.

It is because of such collective effort, that I could afford to fly in and fly out the same day without worrying about the arrangements.

Deepak Khemani (senior IFA) greeted me spontaneously with a bear hug (he prefers to call it a bull hug!) which I shall cherish.

I spoke about goal-based inflation, accounting for inflation, understanding volatility, rolling returns and how to choose a mutual fund. There were some interesting questions. I will write about some of these in future posts.

Dr. Uma Shashikant spoke about direct equity. Simple steps for stock selection. She spoke about how to use the factors that influence return on equity to evaluate and choose stocks.  I will try and modify my stock analyzer along these lines so that it is easier to use.

Subra spoke about retirement planning. Common mistakes made at the pre- and post-retirement stages. See his posts on this meet here and here.

Although Umaji had to leave early, she felt her task was not complete after her lecture and stayed back after lunch and along  with Subra patiently answered questions from the audience.

Sharad Singh spoke about how thefundoo.com evaluates mutual funds and gives them a star rating. Watch out for their new portfolio evaluation tool which is coming up.

Mr. Amit Trivedi spoke with great clarity on a subject which is considered dry and difficult: debt mutual funds.

I would like to thank all participants for spending an entire Sunday with us and patiently listening to us and interacting with us.

A few people have asked me how we managed to keep the registration cost to only Rs. 750/-

This is primarily because of the

  • efforts of Sundaram Ananthakrishnan who spent several hours at the hotel and negotiated with management
  • instantaneous sponsorship of Sharad Singh via thefundoo.com
  • generosity of the speakers, Umaji, Subra and Amitji. They did not ask to be compensated in any way for their talks.  I am confident that those who heard them realize the true value of their presentation and cherish the time spent yesterday.

Please see threads on facebook group, Asan Ideas for Wealth for a few photos taken by the participants.

 

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