by Mr V. Nagappan,
Investment Counseller
Congratulations
Tamilnadu Investors' Association (TIA)! The long term capital gains of this
Tamilnadu Investor Association is immeasurable.
25 years is not a small time
frame for an Organisation of this stature which is well diversified in its
Membership.. !
Its more special
because TIA is celebrating it along with the Regulator SEBI who also completed
their Siver Jubilee last year only. Therefore this is not only the time to look
back with pride but also a time to retrospect, take stock of the achievements
and ponder over other issues to be addressed for TIA to march forward.
 |
| Mr. V. NAGAPPAN, Ex Director MSE & Investment Counseller, CHENNAI |
Investor Awareness
Programmes..!
One such critical
issue where TIA can step in is to improve the efficacy of the Investor
Awareness Programmes (IAPs).
Thanks to SEBI huge
sums are spent on the the Investor Awareness Programmes by the stock Exchanges
and Mutual Funds (MFs). No doubt they are doing a commendable job of spreading
the awareness about the importance of saving and investing wisely.
Lots of money is
spent in conducting these IAPs and much more efforts are made in to bring in
the investor population to listen to the Speakers.
The venue decides the
type of attendance in many cases and the quality of the speakers decide the
quantum in many cases. In many of the semi urban centers, the initial response
these IAPs got couple of years back is slowly receding and results in much
lower attendance.
After inviting a high
profile speaker, the Organizers run helter skelter to bring in the crowd. Most
of the time they resort to requesting a nearby college to send in their
students “voluntarily” to fill up the chairs and to avoid embarrassment.
Investment habit..!
There is another
issue; Many of these meetings see repeat audience, year after year; New faces
are hardly seen. So. IAPs end up catering to the same audience again and again.
Its fine to some extant but if the investment habit has to spread to the next
generation, we need to look beyong the existing investors.
Therefore, this mode
which was successful in the last decade has to be re-looked at, while
continuing with these IAPs, a more efficient way of reacing out to new
investors while addressing the need of the existing investors in a sustainable
manner needs a proper thoughtful consideration.
This is where the
role of Investor Associations come into play. The role of Associations like TIA
is critical and they can be involved in instituting a research to study the
efficacy of these IAPs and how this money can be more effectively used, jointly
with Academic Institutions of repute like IITs and IIMs under the aegis of SEBI
and the Stock Exchanges.
Educating every
citizen..!
It will help the
Stock market Exchanges to spend the money more productively in achieving their
goal of educating every citizen of India to be a responsible investor.
In this regard, a
permanent physical infrastructure may be setup in the four regional centers including Chennai by SEBI and the Exchanges,
jointly with TIA wherein there will be Library, Class Room and a Meeting Hall
for these IAPs.
It may not cost more
than a few crores which infact will be much less compared to the money spent
otherwise and will result in bringing in more new investors fro next generation
by involving the colleges around.
In this 25th year,
TIA should impress upon the Regulator and the Exchanges to invest in this
permanent infrastructure which will be jointly managed by TIA as per the SEBI
guidelines under the guidance of the Exchanges. It will lead to more
responsible investing by the educated investors and result in achieving
prosperity as a nation.
About the author..
Mr. V. Nagappan is
ex- Director of Madras Stock Exchange. He is Stock Broker, Investment Counseller, Wealth Doctor, Personal Finance
Writer, Columnist, Author, Teacher and ect.. also President, Securities
and Timeshare Owners Association, Chennai
Contact Details
Phone: 044 - 2499 0277
044 - 2499 1173
Oriental Stocks Private
Limited
Stock Broker
Phone: 044 - 2499 0277, 53, TTK Salai,
Alwarpet, (Near Nadaka Naradhar Sabha)
Chennai- 600 018, Tamil Nadu
Mail id: mailnags@gmail.com,
nagappan@vsnl.com
Tamilnadu Investors'
Association (TIA)
Registered Office,
'Anna Illam'
No. 10 - DAvenue Road
Nungambakkam
Chennai - 600 034.
Tamil Nadu India.
Telephone : 2831 2538
Telefax: 2831 2539
E-mail
:president@tiaindia.com, secretary@tiaindia.com
Web Site ; http://www.tiaindia.com/
OFFICE BEARERS
President Mr. Shyam Sekhar
Vice President :Mr C.R.Sivakumar
Secretary:Mr.
S.Srikanth
Treasurer:Mr.
S.Venkatesan
MANAGEMENT COMMITTEE
MEMBERS
Mr. A.Krishnamoorthy
Dr. K.Muruganantham
Mr. K.Puhazhendi
Mr. C.V.Srinivasan
Mr. N.Varadarajan
REGULAR MEETINGS At
TIA
Every 1st Sunday and
3rd Sunday at 10.00 am
Venue : Vivekananda
Hall,
P.S.Higher Secondary
School,
215, R.K.Mutt Road,
Mylapore,Chennai-600 004.
No comments:
Post a Comment