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TRANSCRIPT
Self Investment is... Self Improvement !
HOW TO BECOME A MEMBER?
FIL expects a serious commitment from its members in terms of time and effort. To become a member, a student must complete the following criteria:
?
? Since there will be 12 guest sessions (six each year) over a two year period, students must attend 75% (9 out of 12) of the sessions depending on their schedule and area of interest.
Applicability for FSB – 2 & FSC – 2 studentsSince FSB – 2 and FSC - 2 students will be in their final year at FLAME, they must attend the first 10 sessions and 4 out of the 6 guest sessions to become a FIL member.
Applicability for FSB – 1, FSC – 1, FSLE – 3 & FSLE 4 studentsStudents belonging to any of the four mentioned classes can complete the first ten sessions in their first year at FLAME (third year in case of FSLE) or their second year (fourth year in case of FSLE). In addition, they must attend 9 guest sessions out of 12 over the course of their two remaining years at FLAME depending on their schedule and area of interest. Students can plan to bifurcate their attendance for the guest sessions over two years, as they like as long as each attends a total of 9 guest sessions. This means they can choose to attend half of the guest sessions in year one and half in year two or complete them all in one year. The flexibility lies with the students.
Mandatorily attend the first ten sessions including the examination.
? Eligibility to run for leadership positions in the FIL executive board.
? Opportunity to enhance one's resume.
? Eligibility for certification of acknowledgement.
? Opportunity to differentiate oneself during interviews.
? Opportunity to visit companies, witnessing first hand how operations are run.
? Opportunity for prizes and accolades for outstanding students.
? Opportunity to have lunch with influential people of Corporate India.
? Listed as official member on FIL's website.
? Entry into the Stock Market game.
? Access to FIL's library.
? Access to all quality information and emails.
? Access to FIL's handbook.
BENEFITS OF BEING A MEMBER- WHY SHOULD I JOIN?
LEARNING TOOLS
WHAT IS EXPECTED FROM MEMBERS?
FIL seeks to engage members in an intellectual discourse through:
? Reputed guest speakers from the investment, corporate and media professions.
? On campus help and support for member queries.
? Infrastructure of books, database, newspapers, videos, and business magazines.
? Member run mock stock market portfolios.
? Member presentations.
? Complete minimum attendance.
? Read one financial newspaper daily, which will be kept in FIL.
? Read one bi-weekly financial magazine like Forbes India or Business India. This too will be provided to members.
? Be thoroughly prepared with questions before meetings with a guest speaker.
? Participate in the mock stock market game.
? Participate in member presentations.
? Meeting outside the official lab meetings to discuss current affairs stimulating intellectual curiosity.
? One examination and one year-end project assignment.
..
..
1) What is the duration of FIL?
FIL works on a two-year cycle with an annual schedule. The first trimester will be educational, and the remaining will be application. Students can complete their guest sessions attendance criteria over the course of two years.
2) Who can attend?
All post-graduate students from FSB and FSC as well as FSLE students belonging to the class of 2007 are eligible to be members.
3) Can a student become a member without wanting a certificate?
Yes, if students meet the membership criteria, they will be considered members of FIL.
4) Will FIL get me a job?
FIL will definitely distinguish you in getting a job, but will not guarantee one. Please note that very often perspective employers will ask you about your extracurricular activities as well as your CGPA. Membership will help you differentiate yourself during interviews from a vast pool of other students and job applicants from the outside world.
5) What is the FIL handbook?
The FIL handbook is a student reference book of articles, subjects, concepts, quotes and formulae that are most relevant and applicable to students.
6) How much time commitment is required in FIL?
We think the students must spend a minimum of five to seven hours a week to reap all the benefits FIL has to offer.
7) When can I submit the 20-page paper project?
Members can submit their project at anytime before they graduate. This means they can finish their attendance criteria in the first year and submit the paper in their second year. The flexibility lies with the members.
8) I am a non-finance major (HR, marketing, psychology, etc.), should I still be part of FIL?
Yes, FIL is open to students of all majors. FIL is not only meant for finance majors. Below, are the ways FIL can add value to students of different majors:
Getting elected in one of the leadership positions. Please refer the section “member positions” of how non-finance majors can be part of the executive board.
FIL believes that students pursuing all career paths need to make investment decisions all along even though they would not consider it “investments” in the traditional sense. Like the car purchase example given before, all students have sub-consciously made an “investment” decision in their education. For example, if your two-year education expense is ~ Rs. 10 lakhs, you would aim for a job that pays you ~ Rs. 5 lakh annually. In finance parlance, you have made a capital investment of Rs. 10 lakhs and your ROCE is 50% (5/10) with a payback period of 2 years. Unknowingly students pursing all majors make investment decisions and FIL aims to give you a structure to think through your decisions.
FIL will meet every week on Saturday from 10:30am to 12:30pm in Chanakya or Tagore. Members will be informed of any changes to the schedule beforehand.
FREQUENTLY ASKED QUESTIONS
HOW TO GET A CERTIFICATE OF ACKNOWLEDGEMENT?
The “Certificate of Acknowledgement” is a documented reward and recognition of a member's achievements in the lab. To earn this certificate, a member must at the very least have:
Met the lab's minimum attendance criteria of becoming a member.
MEETING TIME
CONTACT INFORMATION
Student Coordinator :
Prof. Arvind Agarwal [email protected]
For all other information and queries contact :
Namrata Lodha [email protected]
Krutarth Shah [email protected]
Tejas Patani [email protected]
email:
email:
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email:
Achieved grades of 75% or above on the week ten examination.
Submitted a 20 page paper on any topic covered by one or more of the guest speakers. A minimum grade of 75% is required to be eligible for a certificate. The member can submit the report at anytime before his/her graduation.
Made a presentation on any book from the lab's approved reading list. Members reading the same book will make a group presentation on that book during Session # 23. The list is divided into levels keeping in mind that FIL will have a mixture of students from FSLE, FSB and FSC. Thus, members from FSLE will choose a book from “Level 1” or “Level 2”. First year FSC and FSB members will pick a book from “Level 3”. Second year FSC and FSB members will pick a book from “Level 4”. Students are encouraged to read as many books as they can as we think it will add tremendous value to them going forward.
All the above four criteria must be met to achieve the certificate of acknowledgement.Contd.
Open House on August 22 2009. Be there!nd
The Flame Investment Lab (“FIL”) is a planned extracurricular student
run activity that aims to provide members with skills to help them
bridge theory with practice. Often students are expected to deal with
plethora of information at their disposal. They have the building blocks
but need tools to connect the dots. FIL aims to add value to its
members by helping them “apply” what they learnt in class.
Understanding how important class work is to a student's learning, FIL
aims to add to the classroom learning In times to come, FIL aims to
be the capstone program at FLAME. It aims to become the
differentiating advantage for FLAME for the generation of highly
stimulated young individuals and producing an original body of
knowledge.
FIL believes in the dictum “invest in yourself ”. It provides tools for
self-learning and acquiring knowledge, constantly striving for
intellectual stimulation and asking questions. FIL aims to provide a
multi-disciplinary platform for ALL members, from various
backgrounds and interests. By propagating different models and
paradigms through history, philosophy, political sciences, psychology,
business, economics and mathematics, FIL strives to widen your
horizons, preparing you to pursue your professional career. FIL truly
believes that the best investment is investing in yourself. As Socrates
has said, “I cannot teach anybody anything. I can only make them
think.”
Whether you know it or not, each one of you is already an investor. For example: How do you go about the decision making process of a car purchase? Various decisions are involved at every step:
? Which car company do I like? What are the other car offerings?? Which color do I like?? Does it fit my budget? What is the EMI? How are comparable cars priced?? What is the mileage compared to others?? What is the monthly running cost? What is the service cost?? What is the replacement value?? What is the insurance cost?
You are in fact not doing anything different compared to what an investor would do before picking a stock. There also an investor goes through a similar thought process: Which company do I like? How is it placed compared to its competitors? How is its brand? Is the management credible? What is its competitive advantage? What is the valuation?
The common myth about investing in the stock market is that it is akin to gambling. It is quite the contrary. Investing actually requires a congruence of various models and decision matrices. The question you should ask yourself is why do you only spend a minute before buying a stock and spend a week before buying a car when the former involves a bigger part of your wealth?
The common thread between you deciding which car to buy and the investor deciding which stock to buy is: thinking along every step to make an informed decision. This in essence, is what FIL aim's to do: MAKE YOU THINK.
WHAT IS THE FIL?
WHY FIL?
MEMBER POSITIONS
All positions will be elected by the members. The executive board will comprise of the following positions:
FIL President : Will look after the daily workings of the lab and will be the leader of the executive board. The President will be the point contact for all faculty at FLAME. The President can only run for one year, after which he/she cannot be part of the executive board. This is designed to give leadership opportunities to other members. However, he/she will continue to be part of the lab.
FIL Vice- President : Will aid the FIL President in the workings of the lab. It is a stepping stone towards the Presidential position.
Secretary : Will be in charge of running the meeting smoothly. Attendance, member lists, booking rooms, booking recording equipment and keeping book records will be some of the responsibilities.
Treasurer : Will be in charge of planning the budget for FIL. Expenses for social trips, marketing expenses and newsletter expenses will be some of the responsibilities. Applicable to someone with an inclination towards accounting.
Webmaster : Will be in charge of running FIL's website. Uploading meeting presentations, meeting notes, newsletters, upcoming events and general designing will be some of the responsibilities. Applicable to someone with an inclination towards graphic design.
Marketing Chair : Will be in charge of preparing FIL brochures, making sure the notice boards display upcoming events and getting more members into FIL. Applicable to someone with an inclination towards marketing.
Newsletter Chair : Will be in charge of designing the monthly FIL newsletter. The newsletter will talk about the latest sessions about the lab. Applicable to someone with an inclination towards media, communications and writing.
Social Chair : Will be in charge of getting the members together in a casual setting (movies, dinner, bowling, etc.). Applicable to someone with an inclination towards HR.
Alumni Relations Chair : Will be in charge of keeping in touch with past members, inviting and encouraging them to continue to participate in FIL and be a liaison with the placement committee. Applicable to someone with an inclination towards HR.
FIL believes that the word “investment” is not only applicable to students pursuing a career in finance, but to all students. For example, someone working in media needs to know the status of overall corporate profitability that drive advertising expenditures, critical to the survival of the media house and thus for their own continued employment. Looked another way, it is essential for a student planning a long-term career in any company in any field to understand the survivability of the company. Experiences from layoffs in 2008, suggest this is more important than ever. As such, FIL is open to registered students from FSLE class of 2007 along with all postgraduate students from FSB and FSC. Students of all majors and NOT only finance at FLAME are encouraged to attend so as to bring intellectual diversity and multi disciplinary viewpoints to the lab. Previous knowledge of investing is not required. In fact, FIL's efforts will be directed towards educating members with little or no prior experience.
WHO CAN ATTEND?
TENTATIVE SCHEDULE
FIL will conduct its activities over a two-year cycle with an annual schedule. FIL will meet over a weekly basis resulting in a total of twenty four sessions over the course of an academic year. The tentative schedule is appended below. As can be seen, there is an academic focus attached to the first half of the year's activities. This is necessary to ensure that members gain the necessary theoretical level of knowledge. The first ten sessions, the preparatory program, is fixed and will be repeated every year while the guest speaker sessions will have flexibility in terms of topic and availability of speakers. The idea behind holding an examination during the week ten session is to ensure that members have a strong enough foundation to enable them to actively participate in upcoming activities.
Session 1 : Announcement and invitation to participate
Session 2 : Student elections and appointment of board
Session 3 : Financial Accounting
Session 4 : Financial Accounting
Session 5 : Analyzing Financial Statements
Session 6 : Analyzing Financial Statements
Session 7 : Capital Structure and Corporate Finance
Session 8 : Valuation
Session 9 : Valuation
Session 10 : Examination (Multiple choice format)
Session 11 : Guest Speaker One # Company Balance Sheet extraction
Session 12 : Students meet on their own
Session 13 : Guest Speaker Two # Behavioral Finance
Session 14 : Students meet on their own
Session 15 : Guest Speaker Three # Role of Media in Finance
Session 16 : Students meet on their own
Session 17 : Guest Speaker Four # Manias and Panics in history
Session 18 : Students meet on their own
Session 19 : Guest Speaker Five # Global Macro Presentation on comparing economies
Session 20 : Students meet on their own
Session 21 : Guest Speaker Six # Deciphering India's Balance Sheet
(fiscal and monetary situation)
Session 22 : Students meet on their own
Session 23 : Fifteen minutes presentation each on books read
Session 24 : Informal lunch and games – announcement of stock market winner and
distribution of certificates with minimum grades of 75%
COORDINATOR & INSTRUCTOR
Mr. SUJAY JOSHI (SRI Consulting)
Mr. Joshi is a Post Graduate from IIM Ahmedabad (1981) and a Chartered Accountant (1984) with over 28 years of experience in the manufacturing sector and in financial services.
Over the last 28 years he has worked in Private Equity, Corporate Finance, Investment Banking, Projects and General Management. He has worked with Price Waterhouse in their Consulting services division and as CFO at companies i.e. Sinar Mas, Thermax. He was also associated with the Oppenheimer India Private Equity Fund for over six years. His experience profile covers Project/Corporate Finance, Treasury, Implementation of New Ventures, Accounting & Audit, Financial & Costing Systems, Taxation and Corporate Law.
Mr. Joshi has served on the Board of Directors of companies and is strongly committed to development of fair business practices and is actively involved with Professional study groups. He also trains students in Corporate Finance at Management Institutes.
Current professional activity is advising corporates, shareholders and investors in the area of Private equity and assisting corporates raise funds.
email: [email protected]
STOCK MARKET GAME
The stock market game will begin at the end of Session 2. The top five students with the highest returns at the end of each year will get the honor to dine with influential people in corporate India. The winners will also get a copy of “The Intelligent Investor” by Ben Graham, the bible of value investing. The game will be reset at the end of every year so as to give new members a chance to participate.
MISSION
The Flame Investment Lab (“FIL”) is a planned extracurricular student
run activity that aims to provide members with skills to help them
bridge theory with practice. Often students are expected to deal with
plethora of information at their disposal. They have the building blocks
but need tools to connect the dots. FIL aims to add value to its
members by helping them “apply” what they learnt in class.
Understanding how important class work is to a student's learning, FIL
aims to add to the classroom learning In times to come, FIL aims to
be the capstone program at FLAME. It aims to become the
differentiating advantage for FLAME for the generation of highly
stimulated young individuals and producing an original body of
knowledge.
FIL believes in the dictum “invest in yourself ”. It provides tools for
self-learning and acquiring knowledge, constantly striving for
intellectual stimulation and asking questions. FIL aims to provide a
multi-disciplinary platform for ALL members, from various
backgrounds and interests. By propagating different models and
paradigms through history, philosophy, political sciences, psychology,
business, economics and mathematics, FIL strives to widen your
horizons, preparing you to pursue your professional career. FIL truly
believes that the best investment is investing in yourself. As Socrates
has said, “I cannot teach anybody anything. I can only make them
think.”
Whether you know it or not, each one of you is already an investor. For example: How do you go about the decision making process of a car purchase? Various decisions are involved at every step:
? Which car company do I like? What are the other car offerings?? Which color do I like?? Does it fit my budget? What is the EMI? How are comparable cars priced?? What is the mileage compared to others?? What is the monthly running cost? What is the service cost?? What is the replacement value?? What is the insurance cost?
You are in fact not doing anything different compared to what an investor would do before picking a stock. There also an investor goes through a similar thought process: Which company do I like? How is it placed compared to its competitors? How is its brand? Is the management credible? What is its competitive advantage? What is the valuation?
The common myth about investing in the stock market is that it is akin to gambling. It is quite the contrary. Investing actually requires a congruence of various models and decision matrices. The question you should ask yourself is why do you only spend a minute before buying a stock and spend a week before buying a car when the former involves a bigger part of your wealth?
The common thread between you deciding which car to buy and the investor deciding which stock to buy is: thinking along every step to make an informed decision. This in essence, is what FIL aim's to do: MAKE YOU THINK.
WHAT IS THE FIL?
WHY FIL?
MEMBER POSITIONS
All positions will be elected by the members. The executive board will comprise of the following positions:
FIL President : Will look after the daily workings of the lab and will be the leader of the executive board. The President will be the point contact for all faculty at FLAME. The President can only run for one year, after which he/she cannot be part of the executive board. This is designed to give leadership opportunities to other members. However, he/she will continue to be part of the lab.
FIL Vice- President : Will aid the FIL President in the workings of the lab. It is a stepping stone towards the Presidential position.
Secretary : Will be in charge of running the meeting smoothly. Attendance, member lists, booking rooms, booking recording equipment and keeping book records will be some of the responsibilities.
Treasurer : Will be in charge of planning the budget for FIL. Expenses for social trips, marketing expenses and newsletter expenses will be some of the responsibilities. Applicable to someone with an inclination towards accounting.
Webmaster : Will be in charge of running FIL's website. Uploading meeting presentations, meeting notes, newsletters, upcoming events and general designing will be some of the responsibilities. Applicable to someone with an inclination towards graphic design.
Marketing Chair : Will be in charge of preparing FIL brochures, making sure the notice boards display upcoming events and getting more members into FIL. Applicable to someone with an inclination towards marketing.
Newsletter Chair : Will be in charge of designing the monthly FIL newsletter. The newsletter will talk about the latest sessions about the lab. Applicable to someone with an inclination towards media, communications and writing.
Social Chair : Will be in charge of getting the members together in a casual setting (movies, dinner, bowling, etc.). Applicable to someone with an inclination towards HR.
Alumni Relations Chair : Will be in charge of keeping in touch with past members, inviting and encouraging them to continue to participate in FIL and be a liaison with the placement committee. Applicable to someone with an inclination towards HR.
FIL believes that the word “investment” is not only applicable to students pursuing a career in finance, but to all students. For example, someone working in media needs to know the status of overall corporate profitability that drive advertising expenditures, critical to the survival of the media house and thus for their own continued employment. Looked another way, it is essential for a student planning a long-term career in any company in any field to understand the survivability of the company. Experiences from layoffs in 2008, suggest this is more important than ever. As such, FIL is open to registered students from FSLE class of 2007 along with all postgraduate students from FSB and FSC. Students of all majors and NOT only finance at FLAME are encouraged to attend so as to bring intellectual diversity and multi disciplinary viewpoints to the lab. Previous knowledge of investing is not required. In fact, FIL's efforts will be directed towards educating members with little or no prior experience.
WHO CAN ATTEND?
TENTATIVE SCHEDULE
FIL will conduct its activities over a two-year cycle with an annual schedule. FIL will meet over a weekly basis resulting in a total of twenty four sessions over the course of an academic year. The tentative schedule is appended below. As can be seen, there is an academic focus attached to the first half of the year's activities. This is necessary to ensure that members gain the necessary theoretical level of knowledge. The first ten sessions, the preparatory program, is fixed and will be repeated every year while the guest speaker sessions will have flexibility in terms of topic and availability of speakers. The idea behind holding an examination during the week ten session is to ensure that members have a strong enough foundation to enable them to actively participate in upcoming activities.
Session 1 : Announcement and invitation to participate
Session 2 : Student elections and appointment of board
Session 3 : Financial Accounting
Session 4 : Financial Accounting
Session 5 : Analyzing Financial Statements
Session 6 : Analyzing Financial Statements
Session 7 : Capital Structure and Corporate Finance
Session 8 : Valuation
Session 9 : Valuation
Session 10 : Examination (Multiple choice format)
Session 11 : Guest Speaker One # Company Balance Sheet extraction
Session 12 : Students meet on their own
Session 13 : Guest Speaker Two # Behavioral Finance
Session 14 : Students meet on their own
Session 15 : Guest Speaker Three # Role of Media in Finance
Session 16 : Students meet on their own
Session 17 : Guest Speaker Four # Manias and Panics in history
Session 18 : Students meet on their own
Session 19 : Guest Speaker Five # Global Macro Presentation on comparing economies
Session 20 : Students meet on their own
Session 21 : Guest Speaker Six # Deciphering India's Balance Sheet
(fiscal and monetary situation)
Session 22 : Students meet on their own
Session 23 : Fifteen minutes presentation each on books read
Session 24 : Informal lunch and games – announcement of stock market winner and
distribution of certificates with minimum grades of 75%
COORDINATOR & INSTRUCTOR
Mr. SUJAY JOSHI (SRI Consulting)
Mr. Joshi is a Post Graduate from IIM Ahmedabad (1981) and a Chartered Accountant (1984) with over 28 years of experience in the manufacturing sector and in financial services.
Over the last 28 years he has worked in Private Equity, Corporate Finance, Investment Banking, Projects and General Management. He has worked with Price Waterhouse in their Consulting services division and as CFO at companies i.e. Sinar Mas, Thermax. He was also associated with the Oppenheimer India Private Equity Fund for over six years. His experience profile covers Project/Corporate Finance, Treasury, Implementation of New Ventures, Accounting & Audit, Financial & Costing Systems, Taxation and Corporate Law.
Mr. Joshi has served on the Board of Directors of companies and is strongly committed to development of fair business practices and is actively involved with Professional study groups. He also trains students in Corporate Finance at Management Institutes.
Current professional activity is advising corporates, shareholders and investors in the area of Private equity and assisting corporates raise funds.
email: [email protected]
STOCK MARKET GAME
The stock market game will begin at the end of Session 2. The top five students with the highest returns at the end of each year will get the honor to dine with influential people in corporate India. The winners will also get a copy of “The Intelligent Investor” by Ben Graham, the bible of value investing. The game will be reset at the end of every year so as to give new members a chance to participate.
MISSION
The Flame Investment Lab (“FIL”) is a planned extracurricular student
run activity that aims to provide members with skills to help them
bridge theory with practice. Often students are expected to deal with
plethora of information at their disposal. They have the building blocks
but need tools to connect the dots. FIL aims to add value to its
members by helping them “apply” what they learnt in class.
Understanding how important class work is to a student's learning, FIL
aims to add to the classroom learning In times to come, FIL aims to
be the capstone program at FLAME. It aims to become the
differentiating advantage for FLAME for the generation of highly
stimulated young individuals and producing an original body of
knowledge.
FIL believes in the dictum “invest in yourself ”. It provides tools for
self-learning and acquiring knowledge, constantly striving for
intellectual stimulation and asking questions. FIL aims to provide a
multi-disciplinary platform for ALL members, from various
backgrounds and interests. By propagating different models and
paradigms through history, philosophy, political sciences, psychology,
business, economics and mathematics, FIL strives to widen your
horizons, preparing you to pursue your professional career. FIL truly
believes that the best investment is investing in yourself. As Socrates
has said, “I cannot teach anybody anything. I can only make them
think.”
Whether you know it or not, each one of you is already an investor. For example: How do you go about the decision making process of a car purchase? Various decisions are involved at every step:
? Which car company do I like? What are the other car offerings?? Which color do I like?? Does it fit my budget? What is the EMI? How are comparable cars priced?? What is the mileage compared to others?? What is the monthly running cost? What is the service cost?? What is the replacement value?? What is the insurance cost?
You are in fact not doing anything different compared to what an investor would do before picking a stock. There also an investor goes through a similar thought process: Which company do I like? How is it placed compared to its competitors? How is its brand? Is the management credible? What is its competitive advantage? What is the valuation?
The common myth about investing in the stock market is that it is akin to gambling. It is quite the contrary. Investing actually requires a congruence of various models and decision matrices. The question you should ask yourself is why do you only spend a minute before buying a stock and spend a week before buying a car when the former involves a bigger part of your wealth?
The common thread between you deciding which car to buy and the investor deciding which stock to buy is: thinking along every step to make an informed decision. This in essence, is what FIL aim's to do: MAKE YOU THINK.
WHAT IS THE FIL?
WHY FIL?
MEMBER POSITIONS
All positions will be elected by the members. The executive board will comprise of the following positions:
FIL President : Will look after the daily workings of the lab and will be the leader of the executive board. The President will be the point contact for all faculty at FLAME. The President can only run for one year, after which he/she cannot be part of the executive board. This is designed to give leadership opportunities to other members. However, he/she will continue to be part of the lab.
FIL Vice- President : Will aid the FIL President in the workings of the lab. It is a stepping stone towards the Presidential position.
Secretary : Will be in charge of running the meeting smoothly. Attendance, member lists, booking rooms, booking recording equipment and keeping book records will be some of the responsibilities.
Treasurer : Will be in charge of planning the budget for FIL. Expenses for social trips, marketing expenses and newsletter expenses will be some of the responsibilities. Applicable to someone with an inclination towards accounting.
Webmaster : Will be in charge of running FIL's website. Uploading meeting presentations, meeting notes, newsletters, upcoming events and general designing will be some of the responsibilities. Applicable to someone with an inclination towards graphic design.
Marketing Chair : Will be in charge of preparing FIL brochures, making sure the notice boards display upcoming events and getting more members into FIL. Applicable to someone with an inclination towards marketing.
Newsletter Chair : Will be in charge of designing the monthly FIL newsletter. The newsletter will talk about the latest sessions about the lab. Applicable to someone with an inclination towards media, communications and writing.
Social Chair : Will be in charge of getting the members together in a casual setting (movies, dinner, bowling, etc.). Applicable to someone with an inclination towards HR.
Alumni Relations Chair : Will be in charge of keeping in touch with past members, inviting and encouraging them to continue to participate in FIL and be a liaison with the placement committee. Applicable to someone with an inclination towards HR.
FIL believes that the word “investment” is not only applicable to students pursuing a career in finance, but to all students. For example, someone working in media needs to know the status of overall corporate profitability that drive advertising expenditures, critical to the survival of the media house and thus for their own continued employment. Looked another way, it is essential for a student planning a long-term career in any company in any field to understand the survivability of the company. Experiences from layoffs in 2008, suggest this is more important than ever. As such, FIL is open to registered students from FSLE class of 2007 along with all postgraduate students from FSB and FSC. Students of all majors and NOT only finance at FLAME are encouraged to attend so as to bring intellectual diversity and multi disciplinary viewpoints to the lab. Previous knowledge of investing is not required. In fact, FIL's efforts will be directed towards educating members with little or no prior experience.
WHO CAN ATTEND?
PROPOSED STRUCTURE
FIL will conduct its activities over a two-year cycle with an annual schedule. FIL will meet over a weekly basis resulting in a total of twenty four sessions over the course of an academic year. The tentative schedule is appended below. As can be seen, there is an academic focus attached to the first half of the year's activities. This is necessary to ensure that members gain the necessary theoretical level of knowledge. The first ten sessions, the preparatory program, is fixed and will be repeated every year while the guest speaker sessions will have flexibility in terms of topic and availability of speakers. The idea behind holding an examination during the week ten session is to ensure that members have a strong enough foundation to enable them to actively participate in upcoming activities.
Session 1 : Announcement and invitation to participate
Session 2 : Student elections and appointment of board
Session 3 : Financial Accounting
Session 4 : Financial Accounting
Session 5 : Analyzing Financial Statements
Session 6 : Analyzing Financial Statements
Session 7 : Capital Structure and Corporate Finance
Session 8 : Valuation
Session 9 : Valuation
Session 10 : Examination (Multiple choice format)
Session 11 : Guest Speaker One # Company Balance Sheet extraction
Session 12 : Students meet on their own
Session 13 : Guest Speaker Two # Behavioral Finance
Session 14 : Students meet on their own
Session 15 : Guest Speaker Three # Role of Media in Finance
Session 16 : Students meet on their own
Session 17 : Guest Speaker Four # Manias and Panics in history
Session 18 : Students meet on their own
Session 19 : Guest Speaker Five # Global Macro Presentation on comparing economies
Session 20 : Students meet on their own
Session 21 : Guest Speaker Six # Deciphering India's Balance Sheet
(fiscal and monetary situation)
Session 22 : Students meet on their own
Session 23 : Fifteen minutes presentation each on books read
Session 24 : Informal lunch and games – announcement of stock market winner and
distribution of certificates with minimum grades of 75%
COORDINATOR & INSTRUCTOR
Mr. SUJAY JOSHI (SRI Consulting)
Mr. Joshi is a Post Graduate from IIM Ahmedabad (1981) and a Chartered Accountant (1984) with over 28 years of experience in the manufacturing sector and in financial services.
Over the last 28 years he has worked in Private Equity, Corporate Finance, Investment Banking, Projects and General Management. He has worked with Price Waterhouse in their Consulting services division and as CFO at companies i.e. Sinar Mas, Thermax. He was also associated with the Oppenheimer India Private Equity Fund for over six years. His experience profile covers Project/Corporate Finance, Treasury, Implementation of New Ventures, Accounting & Audit, Financial & Costing Systems, Taxation and Corporate Law.
Mr. Joshi has served on the Board of Directors of companies and is strongly committed to development of fair business practices and is actively involved with Professional study groups. He also trains students in Corporate Finance at Management Institutes.
Current professional activity is advising corporates, shareholders and investors in the area of Private equity and assisting corporates raise funds.
email: [email protected]
STOCK MARKET GAME
The stock market game will begin at the end of Session 2. The top five students with the highest returns at the end of each year will get the honor to dine with influential people in corporate India. The winners will also get a copy of “The Intelligent Investor” by Ben Graham, the bible of value investing. The game will be reset at the end of every year so as to give new members a chance to participate.
MISSION
Self Investment is... Self Improvement !
HOW TO BECOME A MEMBER?
FIL expects a serious commitment from its members in terms of time and effort. To become a member, a student must complete the following criteria:
?
? Since there will be 12 guest sessions (six each year) over a two year period, students must attend 75% (9 out of 12) of the sessions depending on their schedule and area of interest.
Applicability for FSB – 2 & FSC – 2 studentsSince FSB – 2 and FSC - 2 students will be in their final year at FLAME, they must attend the first 10 sessions and 4 out of the 6 guest sessions to become a FIL member.
Applicability for FSB – 1, FSC – 1, FSLE – 3 & FSLE 4 studentsStudents belonging to any of the four mentioned classes can complete the first ten sessions in their first year at FLAME (third year in case of FSLE) or their second year (fourth year in case of FSLE). In addition, they must attend 9 guest sessions out of 12 over the course of their two remaining years at FLAME depending on their schedule and area of interest. Students can plan to bifurcate their attendance for the guest sessions over two years, as they like as long as each attends a total of 9 guest sessions. This means they can choose to attend half of the guest sessions in year one and half in year two or complete them all in one year. The flexibility lies with the students.
Mandatorily attend the first ten sessions including the examination.
? Eligibility to run for leadership positions in the FIL executive board.
? Opportunity to enhance one's resume.
? Eligibility for certification of acknowledgement.
? Opportunity to differentiate oneself during interviews.
? Opportunity to visit companies, witnessing first hand how operations are run.
? Opportunity for prizes and accolades for outstanding students.
? Opportunity to have lunch with influential people of Corporate India.
? Listed as official member on FIL's website.
? Entry into the Stock Market game.
? Access to FIL's library.
? Access to all quality information and emails.
? Access to FIL's handbook.
BENEFITS OF BEING A MEMBER- WHY SHOULD I JOIN?
LEARNING TOOLS
WHAT IS EXPECTED FROM MEMBERS?
FIL seeks to engage members in an intellectual discourse through:
? Reputed guest speakers from the investment, corporate and media professions.
? On campus help and support for member queries.
? Infrastructure of books, database, newspapers, videos, and business magazines.
? Member run mock stock market portfolios.
? Member presentations.
? Complete minimum attendance.
? Read one financial newspaper daily, which will be kept in FIL.
? Read one bi-weekly financial magazine like Forbes India or Business India. This too will be provided to members.
? Be thoroughly prepared with questions before meetings with a guest speaker.
? Participate in the mock stock market game.
? Participate in member presentations.
? Meeting outside the official lab meetings to discuss current affairs stimulating intellectual curiosity.
? One examination and one year-end project assignment.
..
..
1) What is the duration of FIL?
FIL works on a two-year cycle with an annual schedule. The first trimester will be educational, and the remaining will be application. Students can complete their guest sessions attendance criteria over the course of two years.
2) Who can attend?
All post-graduate students from FSB and FSC as well as FSLE students belonging to the class of 2007 are eligible to be members.
3) Can a student become a member without wanting a certificate?
Yes, if students meet the membership criteria, they will be considered members of FIL.
4) Will FIL get me a job?
FIL will definitely distinguish you in getting a job, but will not guarantee one. Please note that very often perspective employers will ask you about your extracurricular activities as well as your CGPA. Membership will help you differentiate yourself during interviews from a vast pool of other students and job applicants from the outside world.
5) What is the FIL handbook?
The FIL handbook is a student reference book of articles, subjects, concepts, quotes and formulae that are most relevant and applicable to students.
6) How much time commitment is required in FIL?
We think the students must spend a minimum of five to seven hours a week to reap all the benefits FIL has to offer.
7) When can I submit the 20-page paper project?
Members can submit their project at anytime before they graduate. This means they can finish their attendance criteria in the first year and submit the paper in their second year. The flexibility lies with the members.
8) I am a non-finance major (HR, marketing, psychology, etc.), should I still be part of FIL?
Yes, FIL is open to students of all majors. FIL is not only meant for finance majors. Below, are the ways FIL can add value to students of different majors:
Getting elected in one of the leadership positions. Please refer the section “member positions” of how non-finance majors can be part of the executive board.
FIL believes that students pursuing all career paths need to make investment decisions all along even though they would not consider it “investments” in the traditional sense. Like the car purchase example given before, all students have sub-consciously made an “investment” decision in their education. For example, if your two-year education expense is ~ Rs. 10 lakhs, you would aim for a job that pays you ~ Rs. 5 lakh annually. In finance parlance, you have made a capital investment of Rs. 10 lakhs and your ROCE is 50% (5/10) with a payback period of 2 years. Unknowingly students pursing all majors make investment decisions and FIL aims to give you a structure to think through your decisions.
FIL will meet every week on Saturday from 10:30am to 12:30pm in Chanakya or Tagore. Members will be informed of any changes to the schedule beforehand.
FREQUENTLY ASKED QUESTIONS
HOW TO GET A CERTIFICATE OF ACKNOWLEDGEMENT?
The “Certificate of Acknowledgement” is a documented reward and recognition of a member's achievements in the lab. To earn this certificate, a member must at the very least have:
Met the lab's minimum attendance criteria of becoming a member.
MEETING TIME
CONTACT INFORMATION
Student Coordinator :
Prof. Arvind Agarwal [email protected]
For all other information and queries contact :
Namrata Lodha [email protected]
Krutarth Shah [email protected]
Tejas Patani [email protected]
email:
email:
email:
email:
Achieved grades of 75% or above on the week ten examination.
Submitted a 20 page paper on any topic covered by one or more of the guest speakers. A minimum grade of 75% is required to be eligible for a certificate. The member can submit the report at anytime before his/her graduation.
Made a presentation on any book from the lab's approved reading list. Members reading the same book will make a group presentation on that book during Session # 23. The list is divided into levels keeping in mind that FIL will have a mixture of students from FSLE, FSB and FSC. Thus, members from FSLE will choose a book from “Level 1” or “Level 2”. First year FSC and FSB members will pick a book from “Level 3”. Second year FSC and FSB members will pick a book from “Level 4”. Students are encouraged to read as many books as they can as we think it will add tremendous value to them going forward.
All the above four criteria must be met to achieve the certificate of acknowledgement.Contd.
Open House on August 22 2009. Be there!nd
Self Investment is... Self Improvement !
HOW TO BECOME A MEMBER?
FIL expects a serious commitment from its members in terms of time and effort. To become a member, a student must complete the following criteria:
?
? Since there will be 12 guest sessions (six each year) over a two year period, students must attend 75% (9 out of 12) of the sessions depending on their schedule and area of interest.
Applicability for FSB – 2 & FSC – 2 studentsSince FSB – 2 and FSC - 2 students will be in their final year at FLAME, they must attend the first 10 sessions and 4 out of the 6 guest sessions to become a FIL member.
Applicability for FSB – 1, FSC – 1, FSLE – 3 & FSLE 4 studentsStudents belonging to any of the four mentioned classes can complete the first ten sessions in their first year at FLAME (third year in case of FSLE) or their second year (fourth year in case of FSLE). In addition, they must attend 9 guest sessions out of 12 over the course of their two remaining years at FLAME depending on their schedule and area of interest. Students can plan to bifurcate their attendance for the guest sessions over two years, as they like as long as each attends a total of 9 guest sessions. This means they can choose to attend half of the guest sessions in year one and half in year two or complete them all in one year. The flexibility lies with the students.
Mandatorily attend the first ten sessions including the examination.
? Eligibility to run for leadership positions in the FIL executive board.
? Opportunity to enhance one's resume.
? Eligibility for certification of acknowledgement.
? Opportunity to differentiate oneself during interviews.
? Opportunity to visit companies, witnessing first hand how operations are run.
? Opportunity for prizes and accolades for outstanding students.
? Opportunity to have lunch with influential people of Corporate India.
? Listed as official member on FIL's website.
? Entry into the Stock Market game.
? Access to FIL's library.
? Access to all quality information and emails.
? Access to FIL's handbook.
BENEFITS OF BEING A MEMBER- WHY SHOULD I JOIN?
LEARNING TOOLS
WHAT IS EXPECTED FROM MEMBERS?
FIL seeks to engage members in an intellectual discourse through:
? Reputed guest speakers from the investment, corporate and media professions.
? On campus help and support for member queries.
? Infrastructure of books, database, newspapers, videos, and business magazines.
? Member run mock stock market portfolios.
? Member presentations.
? Complete minimum attendance.
? Read one financial newspaper daily, which will be kept in FIL.
? Read one bi-weekly financial magazine like Forbes India or Business India. This too will be provided to members.
? Be thoroughly prepared with questions before meetings with a guest speaker.
? Participate in the mock stock market game.
? Participate in member presentations.
? Meeting outside the official lab meetings to discuss current affairs stimulating intellectual curiosity.
? One examination and one year-end project assignment.
..
..
1) What is the duration of FIL?
FIL works on a two-year cycle with an annual schedule. The first trimester will be educational, and the remaining will be application. Students can complete their guest sessions attendance criteria over the course of two years.
2) Who can attend?
All post-graduate students from FSB and FSC as well as FSLE students belonging to the class of 2007 are eligible to be members.
3) Can a student become a member without wanting a certificate?
Yes, if students meet the membership criteria, they will be considered members of FIL.
4) Will FIL get me a job?
FIL will definitely distinguish you in getting a job, but will not guarantee one. Please note that very often perspective employers will ask you about your extracurricular activities as well as your CGPA. Membership will help you differentiate yourself during interviews from a vast pool of other students and job applicants from the outside world.
5) What is the FIL handbook?
The FIL handbook is a student reference book of articles, subjects, concepts, quotes and formulae that are most relevant and applicable to students.
6) How much time commitment is required in FIL?
We think the students must spend a minimum of five to seven hours a week to reap all the benefits FIL has to offer.
7) When can I submit the 20-page paper project?
Members can submit their project at anytime before they graduate. This means they can finish their attendance criteria in the first year and submit the paper in their second year. The flexibility lies with the members.
8) I am a non-finance major (HR, marketing, psychology, etc.), should I still be part of FIL?
Yes, FIL is open to students of all majors. FIL is not only meant for finance majors. Below, are the ways FIL can add value to students of different majors:
Getting elected in one of the leadership positions. Please refer the section “member positions” of how non-finance majors can be part of the executive board.
FIL believes that students pursuing all career paths need to make investment decisions all along even though they would not consider it “investments” in the traditional sense. Like the car purchase example given before, all students have sub-consciously made an “investment” decision in their education. For example, if your two-year education expense is ~ Rs. 10 lakhs, you would aim for a job that pays you ~ Rs. 5 lakh annually. In finance parlance, you have made a capital investment of Rs. 10 lakhs and your ROCE is 50% (5/10) with a payback period of 2 years. Unknowingly students pursing all majors make investment decisions and FIL aims to give you a structure to think through your decisions.
FIL will meet every week on Saturday from 10:30am to 12:30pm in Chanakya or Tagore. Members will be informed of any changes to the schedule beforehand.
FREQUENTLY ASKED QUESTIONS
HOW TO GET A CERTIFICATE OF ACKNOWLEDGEMENT?
The “Certificate of Acknowledgement” is a documented reward and recognition of a member's achievements in the lab. To earn this certificate, a member must at the very least have:
Met the lab's minimum attendance criteria of becoming a member.
MEETING TIME
CONTACT INFORMATION
Student Coordinator :
Prof. Arvind Agarwal [email protected]
For all other information and queries contact :
Namrata Lodha [email protected]
Krutarth Shah [email protected]
Tejas Patani [email protected]
email:
email:
email:
email:
Achieved grades of 75% or above on the week ten examination.
Submitted a 20 page paper on any topic covered by one or more of the guest speakers. A minimum grade of 75% is required to be eligible for a certificate. The member can submit the report at anytime before his/her graduation.
Made a presentation on any book from the lab's approved reading list. Members reading the same book will make a group presentation on that book during Session # 23. The list is divided into levels keeping in mind that FIL will have a mixture of students from FSLE, FSB and FSC. Thus, members from FSLE will choose a book from “Level 1” or “Level 2”. First year FSC and FSB members will pick a book from “Level 3”. Second year FSC and FSB members will pick a book from “Level 4”. Students are encouraged to read as many books as they can as we think it will add tremendous value to them going forward.
All the above four criteria must be met to achieve the certificate of acknowledgement.Contd.
Open House on August 22 2009. Be there!nd
Self Investment is... Self Improvement !
HOW TO BECOME A MEMBER?
FIL expects a serious commitment from its members in terms of time and effort. To become a member, a student must complete the following criteria:
?
? Since there will be 12 guest sessions (six each year) over a two year period, students must attend 75% (9 out of 12) of the sessions depending on their schedule and area of interest.
Applicability for FSB – 2 & FSC – 2 studentsSince FSB – 2 and FSC - 2 students will be in their final year at FLAME, they must attend the first 10 sessions and 4 out of the 6 guest sessions to become a FIL member.
Applicability for FSB – 1, FSC – 1, FSLE – 3 & FSLE 4 studentsStudents belonging to any of the four mentioned classes can complete the first ten sessions in their first year at FLAME (third year in case of FSLE) or their second year (fourth year in case of FSLE). In addition, they must attend 9 guest sessions out of 12 over the course of their two remaining years at FLAME depending on their schedule and area of interest. Students can plan to bifurcate their attendance for the guest sessions over two years, as they like as long as each attends a total of 9 guest sessions. This means they can choose to attend half of the guest sessions in year one and half in year two or complete them all in one year. The flexibility lies with the students.
Mandatorily attend the first ten sessions including the examination.
? Eligibility to run for leadership positions in the FIL executive board.
? Opportunity to enhance one's resume.
? Eligibility for certification of acknowledgement.
? Opportunity to differentiate oneself during interviews.
? Opportunity to visit companies, witnessing first hand how operations are run.
? Opportunity for prizes and accolades for outstanding students.
? Opportunity to have lunch with influential people of Corporate India.
? Listed as official member on FIL's website.
? Entry into the Stock Market game.
? Access to FIL's library.
? Access to all quality information and emails.
? Access to FIL's handbook.
BENEFITS OF BEING A MEMBER- WHY SHOULD I JOIN?
LEARNING TOOLS
WHAT IS EXPECTED FROM MEMBERS?
FIL seeks to engage members in an intellectual discourse through:
? Reputed guest speakers from the investment, corporate and media professions.
? On campus help and support for member queries.
? Infrastructure of books, database, newspapers, videos, and business magazines.
? Member run mock stock market portfolios.
? Member presentations.
? Complete minimum attendance.
? Read one financial newspaper daily, which will be kept in FIL.
? Read one bi-weekly financial magazine like Forbes India or Business India. This too will be provided to members.
? Be thoroughly prepared with questions before meetings with a guest speaker.
? Participate in the mock stock market game.
? Participate in member presentations.
? Meeting outside the official lab meetings to discuss current affairs stimulating intellectual curiosity.
? One examination and one year-end project assignment.
..
..
1) What is the duration of FIL?
FIL works on a two-year cycle with an annual schedule. The first trimester will be educational, and the remaining will be application. Students can complete their guest sessions attendance criteria over the course of two years.
2) Who can attend?
All post-graduate students from FSB and FSC as well as FSLE students belonging to the class of 2007 are eligible to be members.
3) Can a student become a member without wanting a certificate?
Yes, if students meet the membership criteria, they will be considered members of FIL.
4) Will FIL get me a job?
FIL will definitely distinguish you in getting a job, but will not guarantee one. Please note that very often perspective employers will ask you about your extracurricular activities as well as your CGPA. Membership will help you differentiate yourself during interviews from a vast pool of other students and job applicants from the outside world.
5) What is the FIL handbook?
The FIL handbook is a student reference book of articles, subjects, concepts, quotes and formulae that are most relevant and applicable to students.
6) How much time commitment is required in FIL?
We think the students must spend a minimum of five to seven hours a week to reap all the benefits FIL has to offer.
7) When can I submit the 20-page paper project?
Members can submit their project at anytime before they graduate. This means they can finish their attendance criteria in the first year and submit the paper in their second year. The flexibility lies with the members.
8) I am a non-finance major (HR, marketing, psychology, etc.), should I still be part of FIL?
Yes, FIL is open to students of all majors. FIL is not only meant for finance majors. Below, are the ways FIL can add value to students of different majors:
Getting elected in one of the leadership positions. Please refer the section “member positions” of how non-finance majors can be part of the executive board.
FIL believes that students pursuing all career paths need to make investment decisions all along even though they would not consider it “investments” in the traditional sense. Like the car purchase example given before, all students have sub-consciously made an “investment” decision in their education. For example, if your two-year education expense is ~ Rs. 10 lakhs, you would aim for a job that pays you ~ Rs. 5 lakh annually. In finance parlance, you have made a capital investment of Rs. 10 lakhs and your ROCE is 50% (5/10) with a payback period of 2 years. Unknowingly students pursing all majors make investment decisions and FIL aims to give you a structure to think through your decisions.
FIL will meet every week on Saturday from 10:30am to 12:30pm in Chanakya or Tagore. Members will be informed of any changes to the schedule beforehand.
FREQUENTLY ASKED QUESTIONS
HOW TO GET A CERTIFICATE OF ACKNOWLEDGEMENT?
The “Certificate of Acknowledgement” is a documented reward and recognition of a member's achievements in the lab. To earn this certificate, a member must at the very least have:
Met the lab's minimum attendance criteria of becoming a member.
MEETING TIME
CONTACT INFORMATION
Student Coordinator :
Prof. Arvind Agarwal [email protected]
For all other information and queries contact :
Namrata Lodha [email protected]
Krutarth Shah [email protected]
Tejas Patani [email protected]
email:
email:
email:
email:
Achieved grades of 75% or above on the week ten examination.
Submitted a 20 page paper on any topic covered by one or more of the guest speakers. A minimum grade of 75% is required to be eligible for a certificate. The member can submit the report at anytime before his/her graduation.
Made a presentation on any book from the lab's approved reading list. Members reading the same book will make a group presentation on that book during Session # 23. The list is divided into levels keeping in mind that FIL will have a mixture of students from FSLE, FSB and FSC. Thus, members from FSLE will choose a book from “Level 1” or “Level 2”. First year FSC and FSB members will pick a book from “Level 3”. Second year FSC and FSB members will pick a book from “Level 4”. Students are encouraged to read as many books as they can as we think it will add tremendous value to them going forward.
All the above four criteria must be met to achieve the certificate of acknowledgement.Contd.
Open House on August 22 2009. Be there!nd