Financial education can help people understand investment philosophies and become wealthier, said Dinesh Pangtey, CEO, LIC Mutual Fund.
Dinesh said, “Mutual funds are an evolved investment product and require a particular skillset for investing. Financial education is a different ball game altogether and each individual must hone the required skills for making sound financial decisions.”
LIC MF has always strived to bridge the gap by conducting IAPs (Investor Awareness Programmes) pan India. It endeavours to take financial education to the grassroots through various mediums. “Audio-visual techniques make it easier for investors to grasp and absorb information,” feels Dinesh.
In yet another investor education initiative, LIC MF has collaborated with Cafemutual for the upcoming Cafemutual Confluence Investment Marathon 2021 (CCIM 21).
“Cafemutual holds a deep understanding of the mutual industry and is known as a trusted brand for its integrity. We are happy to partner with Cafemutual in our endeavour to impart financial education to the masses,” added Dinesh.
CCIM 21 is a three-day online event to be held on Aug 18, 19 and 20 at 5:00 pm. The event aims to give clarity to investors on the future of money while sharing some simple tips for safeguarding investments.
Click here to register for CCIM21.
Here is the verbatim of conversation we had with Dinesh.
Why is investor education important?
Every investor is unique. The objective, risk appetite, horizon, expectations are different for different investors. There is no one product that will suit all investors. Nor is there any product that will suit one investor at different phase of his life. Objectives, need, risk appetite, horizon of an investor may keep on changing. It's important for investors to understand the product & the risk- reward associated with it, so that they choose the best suitable product for themselves as per their requirement. Any ill-informed buying decision will not be in the best interest for all the stakeholders i.e., fund house, distributor, & investor themselves.
What are the initiatives taken by LIC MF for educating investors?
While it is important for investors to remain aware while investing in Mutual Fund, I believe it is equal responsibility of AMCs to ensure investors are rightly educated about the investments they are venturing into. This not only helps investors in making informed decision but also creates loyalty towards such AMCs. LIC MF has taken multiple steps to spread information & awareness about MFS by using series of webinars, digital campaigns. We have also partnered with corporates for IEPs for their employees. As a matter of fact, we have been more active on social media as compared to our pre-pandemic levels on spreading investor education awareness about mutual fund investments. Additionally, we are very much active on social media to spread investor education awareness about mutual fund investments.
How do you feel about LIC MF being the title partner of CCIM 21?
For LICMF, providing investors with knowledge comes first while offering them right products is secondary. We have always been keen to be part of such events which gives us platform to contribute significantly towards Investor education. Over a period of time, cafemutual has evolved as a preferred platform for right & relevant information disseminator for investors so It feels great to partner with cafemutual in spreading investor education for the prospective as well as existing investors. I believe our Industry needs more such events for us to ensure awareness is created among the investors across the length and breadth of this country.
Why do you think investors should attend CCIM 21?
How often do you get to listen to industry stalwarts from equity, bebt domain all at one place? Investors should attend the event to learn more about Mutual Funds. It is an event designed specifically for the investors and one should make most out of it by showing active involvement in discussions and Q&A sessions. Investors will benefit from rich wisdoms of esteemed speakers and panel members. Such wisdoms only make investors wiser. Only informed investors can take suitable decision for themselves.
Diclaimer: Mutual fund investments are subject to market risks, read all scheme related documents carefully.
