Informative Lecture On `Understanding Role Of Capital Markets’
An extremely informative guest lecture was organized for the students of Economics on 31st January 2020 by Mr Sunil B Kapadia from BSE Brokers Forum on `Understanding Role Of Capital Markets’. It was conducted for MBA Finance and Economics students. The lecture in Smart Room, Management Block, CIML, Lavasa began with an analysis of the basics of investing with specific reference to equity shares. He rightly said that equity shares are a source of `Wealth Creation’. He stated that from 1979 to 2016 the CAGR (Compounded Annual Growth Rate) return was 16.5 %. There is no tax if shares are held for more than 1 year but if sold for less than one year then 15 % short term capital gains tax is levied. He further spoke about primary market with specific reference to IPO (Initial Public Offering). In this case the company goes to public for the first time to raise money. He clarified that IPO market is also known as primary market. To reiterate his point he gave an example o...