Corporate Talk Series 'INSIGHT' Launched at XIM, Bhubaneswar for MBA Students

Corporate Talk Series 'INSIGHT' Launched at XIM, Bhubaneswar for MBA Students
Stay Hungry Stay Foolish....An Insight to the Reality ...Says U. K. Sinha

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He also reckoned several other reasons supporting the depth of the Indian capital market and the fallacies involved with it. India is being recognized as one of the hotspots for FII investment across the globe. This investment was compared by him with the FII investment received by China, light was also thrown on the dismal state of the Chinese legal and banking system and how India as compared to China has all big names in its list of investors.

Recently, the biggest pension fund, CALPERS, which is also the big investors in the equity market, entered India, which has further boosted the FIIs confidence, since CALPERS rank high in the list of conservative investors.

Mr. Sinha then moved this discussion to the state of Mutual Fund Industry in India. He stated one of the major drawbacks of this industry is the narrow focus of the players. Having only metro citizen as their target customer, the industry is actually missing on the huge market offered in small cities and rural areas.

Having talked about the leaps and bounds taken by the Indian capital market, he then discussed about his own organization, UTI Asset Management. Briefly touching upon the history of UTI, he also covered the origin of UTI Act, 1964. He also accepted the downtrend faced by UTI due to the US-64 scam and the way the company has bounced back regaining its market leader position. Apart from others, one major point covered by him was the activities planned by UTI for the future. One of the major plan includes opening branches is some 300 small city and rural area to tap the high potential, non-explored market in India for mutual funds.

The event was a huge success with students actively participating in the question and answer session at the end of the discussion. The students' propensity to learn by was well-matched by Mr. Sinha's willingness to deliver. Insight proved its worth and effectiveness amongst the whole batch as they led through an intellectually stimulating and interactive session.

Concluded.

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Contributed by -
Team IlluminatiX,
Media & PR Cell,
Xavier Institute of Management,
Bhubaneswar.

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