SMOOTH FLOW OF CAP­I­TAL

Assocham Bulletin - - INVESTMENT -

Over the years, In­dia's cap­i­tal mar­ket has un­der­gone mas­sive re­forms and trans­for­ma­tions in terms of stan­dards, sys­tems, op­er­a­tions, reg­u­la­tions and con­trol mech­a­nisms. The mar­ket has grown faster, be­come trans­par­ent, de­vel­oped the in­vestors' faith, and won their trust. Amongst the mar­kets of the world, the ma­tu­rity and com­pe­tence level of In­dia's cap­i­tal mar­ket is one of the spot lights for the do­mes­tic as well as in­ter­na­tional cap­i­tal in­flow.

Fur­ther, the growth fu­ture, sus­te­nance, prod uc­tivi ty, liq­uid­ity, and ef­fi­cien­cy­of­cap­i­tal mar­ket de­pends on in­no­va­tions, poli­cies, pre­pared­ness & prompt­ness of the mar­ket econ­omy to re­spond to the de­mands as well as lo­gis­tic sup­ports which are re­quired for chan­nel­iz­ing the sur­plus sav­ings from savers to the safe and re­ward­ing av­enues on time. Hence, a high level of mar­ket in­tegrity, ap­proaches, and time­li­ness are re­quired for smooth flow of mod­ern cap­i­tal. There­fore, with a viewto dis­cuss and de­lib­er­ate upon dif­fer­ent per­spec­tives ' of cap­i­tal mar­ket, ASSOCHAMor­ga­nized the 11th An­nual Cap­i­tal Mar­ket Sum­mit on De­cem­ber 22, 2017 in New Delhi.

The wel­come ad­dress was de­liv­ered by Mr. Narinder Wadhwa, Co-chair­man, ASSOCHAM Na­tional Coun­cil on Cap­i­tal Mar­ket & Man­ag­ing Di­rec­tor, SKI Cap­i­tal Ser­vices Ltd.

The topic of first tech­ni­cal ses­sion was In­vest­ment Op­por­tu­ni­ties In Var­i­ous As­set

Class - The Way For­ward 2018 and the same was mod­er­ated by Mr. Mri­tyun­joy Ku­mar [ha, Zee Busi­ness Net­work. The key pan­elists of the ses­sion were Mr. Arun Thukral, MD & CEO, Axis Se­cu­ri­ties Limited, Mr. Kishore Udi­aver, Se­nior Vice-Pres­i­dent, Wealth Ad­vi­sors (In­dia) Pri­vate Limited, Mr. Sachin Gupta, Se­nior Di­rec­tor -Large Cor­po­rate Rat­ings, CRISIL Rat­ingsandMr. Ashish Agar­wal, Ex­ec­u­tive Di­rec­tor, A. K. Cap­i­tal Ser­vices Ltd.

The topic of sec­ond tech­ni­cal ses­sion was Fi­nan­cial In­clu­sion for Sus­tain­able De­vel­op­ment Goals- The Role of Ca pi tal Mar­ket, which was mod­er­ated by Dr. Ashok Hal­dia, Co- chair­man, ASSOCHAM Na­tional Coun­cil for Fac­tor­ing and MD & CEO, PTC In­dia Fi­nan­cial Ser­vices Ltd. The key pan­elists were Mr. Ajit Ku­mar, CEO, BanayanTree Ltd and Head-ETMoney, Wealth, Mr. Dhi­raj Relli, MD & CEO, HDFC Se­cu­ri­ties Limited, Mr. Vikash Khan­del­wal, Found­ing Team Mem­ber& CEO, SREICBL Guar­an­tee JV.

The vale­dic­tory ses­sion saw the open­ing ad­dress by Dr. Ashok Hal­dia, Co-chair­man, ASSOCHAM Na­tional Coun­cil for Fac­tor­ing, key­note ad­dress by Mr. Narinder Wadhwa, Co-chair­man, ASSOCHAM Na­tional Coun­cil on Cap­i­tal Mar­ket.

Dur­ing the ses­sion, Chief Guest Mr. P. Rad­hakr­ish­nan, Hon'ble MoS for Fi­nance and Ship­ping con­ferred the AS­SOC HAM Cap­i­tal Mar­ket In­ter­me­di­aries Ex­cel­lence Awards 2017 to the fol­low­ing win­ners: Credit Rat­ing Agen­cyCrisil Rat­ings Ltd., Mu­tual Funds-UTI As­set Man­age­ment Com­pany Ltd., Stock Bro­kerHDFC Se­cu­ri­ties Ltd., Re­search An­a­lyst- Edel­weiss Fi­nan­cial Ser­vices Ltd., Mer­chant BankerAm­bit Cap­i­tal Ltd., Mer­chant Banker (Debt Seg­ment)-A K Cap­i­tal Ltd ., Ven­ture Fund­sICICI Ven­ture Funds Ltd ., RTAKarvy Com­puter Share Ser­vices Ltd., Port­fo­lio Man­ager- Moti­lal Oswal As­set Man­age­ment Com­pany Ltd., De­pos­i­tory Par­tic­i­pant - Sharekhan Ltd.

Jury's spe­cial recog­ni­tions were also con­ferred upon: BSE Ltd.-For Es­tab­lish­ment of In­dia's First In­ter­na­tional Ex­change, NSE Ltd.-For Largest Ex­change with high­est turnover, MCXLtd.- ForLead­ing Com­mod­ity Ex­change, Quant Cap­i­tal-For Per­for­mance Led Ad­vi­sory Model.

After the award pre­sen­ta­tions, the vote of thanks was pro­posed by Mr. S. C. Ag­gar­wal, Chair­man & MD, SMC Global Se­cu­ri­ties Ltd.

ASSOCHAM hosted the lunch and high-tea for all the guests and par­tic­i­pants. The sum­mit was well at­tended by around 150 par­tic­i­pants in­clud­ing rep­re­sen­ta­tives from fi­nan­cial In­sti­tu­tions, stock ex­changes, stock bro­kers, ad­vi­sory firms, mer­chant bankers, credit rat­ing agen­cies, mu­tual fund or­ga­ni­za­tions, port­fo­lio m~nagers, re­search an­a­lysts, de­pos­i­tory par­tic­i­pants, deben­ture trustees and elec­tronic & print me­dia.

o. Mr. S. Rawat, Sec­re­tary Gen­eral, ASSOCHAM wel­com­ing Mr. P.Rad­hakr­ish­nan, Hon 'ble Min­is­ter of State for Fi­nance and Ship­ping Govern­ment of In­dia.

(L-R) Mr. Vikash Khan­del­wal, Found­ing Team Mem­ber & CEO, SREICBL Guar­an­tee Jv, Dr. Ashok Hal­dia, Co-chair­man, ASSOCHAM Na­tional Coun­cil for Fac­tor­ing, Mr. Dhi­raj Rel/i, MD & CEO, HDFC Se­cu­ri­ties Ltd., Mr. Ajit Ku­mar, CEO, Banayan Tree Ltd.

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