Forum Views - November 2023
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BOMBAY STOCK EXCHANGE BROKERS' FORUM (BBF) | MUMBAI, INDIA
NOVEMBER 2023 | VOLUME: 12 • ISSUE NO. 8 •
Bombay Stock Exchange Brokers’ Forum (BBF)
conducted a one-day virtual event on October 10 for the
Indian & Global Investors
Our gratitude to the Support Partners
Unlocking the Data-Driven Future
Distressed Debt Opportunities
Accelerate ESG Maturity of a Business
India's Renewable Energy Aspirations
INSIDE
Fund Management Regulations (IFSCA)
SEBI’s Power of Directing Disgorgement
Psychology of Investor Behaviour
Empowering Women towards Personal Financial Control
*Logos are placed alphabetically
FORUM VIEWS - NOVEMBER 2023
FORUM VIEWS - NOVEMBER 2023
FORUM VIEWS - NOVEMBER 2023
EXECUTIVE COMMITTEE
GOVERNING BOARD MEMBERS
BOMBAY STOCK EXCHANGE BROKERS’ FORUM (BBF)
GOVERNING BOARD 2023 - 24
FORUM VIEWS - NOVEMBER 2023
Ajit Sanghvi
MSS Securities
Pvt. Ltd.
Cyrus Khambata
Paytm
Money Ltd.
Ashish Rathi
HDFC
Securities Ltd.
Harin Mehta
M/s. V. C.
Mehta
Kamlesh Jhaveri
Jhaveri
Securities Ltd.
Ketan Marwadi
Marwadi Shares
& Finance Ltd.
Rajiv Kejriwal
SBICAP
Securities Ltd.
Neeraj Choksi
NJ India
Invest Pvt. Ltd.
Parth Nyati
Swastika
Investmart Ltd.
Dr. Pravin Bathe
Angel
One Ltd.
Purav Fozdar
Axiom Share
Broking Pvt. Ltd.
Kranthi Bathini
WealthMills
Securities Pvt. Ltd.
Vivek Gupta
GEPL Capital
Pvt. Ltd.
Virender Mansukhani
Mansukh Securities
and Finance Ltd.
Uttam Bagri
BCB Brokerage
Pvt. Ltd.
Tejas Khoday
Fyers Securities
Pvt. Ltd.
KISHOR KANSAGRA
Chairman | BBF
Pragya
Securities Pvt. Ltd.
KUSHAL SHAH
Jt. Secretary | BBF
Ratnakar
Securities Pvt. Ltd.
RAJIV CHOKSEY
Treasurer | BBF
KR Choksey Shares
& Securities Pvt. Ltd.
ANURAG BANSAL
Vice Chairman | BBF
SMC Global
Securities Ltd.
NIRAV GANDHI
Secretary | BBF
JM Financial
Services Ltd.
Saurabh Jain
SSJ Finance &
Securities Pvt. Ltd.
S. P. Toshniwal
Sunlight
Broking LLP
Roopkishor Bhootra
Anand Rathi Shares &
Stock Brokers Ltd.
Santosh Jayaram
GROWW
Shripal Shah
Kotak
Securities Ltd.
Ajay Kejriwal
Choice Equity
Broking Pvt. Ltd.
12
BBF
Events
BBF'S INDIA INVESTOR SHOW 2023,
A VIRTUAL EVENT, HELD UNDER THE
AUSPICES OF SEBI AND IFSCA
Disclaimer: This magazine is meant for information purposes only and does not constitute any opinion or guidelines or recommendation on any course of action to be followed by the reader(s). It is not intended to be used as trading or
investment advice by anybody and should not in any way be treated as a recommendation. The information contained in this magazine does not constitute or form part of and should not be construed as, any offer for purchase or sale of
any product or service. While the information in the magazine has been compiled from sources believed to be reliable and in good faith, readers may note that the contents thereof including text, graphics, links or other items are
provided without warranties of any kind. Bombay Stock Exchange Brokers' Forum (BBF) expressly disclaims any warranty as to the accuracy, correctness, reliability, timeliness, merchantability or fitness for any particular purpose, of
this magazine. Bombay Stock Exchange Brokers' Forum (BBF) shall also not be liable for any damage or loss of any kind, howsoever caused as a result (direct or indirect) of the use of the information or data contained in this magazine.
Any alteration, transmission, photocopied distribution in part or in whole or reproduction of any form of this magazine or any part thereof without prior consent of Bombay Stock Exchange Brokers' Forum (BBF) is prohibited.
Concept, Production and Editorial: Dr. VISPI RUSI BHATHENA, PhD (h.c.)
Editor & Publisher: Dr. V. ADITYA SRINIVAS
Design & Layout: HARSHAD GAJERA
Printing Press: KSHITIJ PRINTERS, 49, Parsi Panchayat Road, Ashok Ind. Estate,
1st Floor, Andheri (East), Mumbai - 400 069
Write to us: We would be happy to hear from you! Do send in your suggestions, feedback and comments
via email to team@brokersforumofindia.com | Visit us: www.brokersforumofindia.com
BBF Steering Committee
Kishor Kansagra (Chairman)
Anurag Bansal (Vice Chairman)
Nirav Gandhi (Secretary)
Rajiv Choksey (Treasurer)
Kushal Shah (Jt. Secretary)
Follow us on:
@bbfindia
/bbfindia
/Bsebrokersforum
/bbfindia
FORUM VIEWS - NOVEMBER 2023
16
Global
Insights
UNLOCKING THE DATA-DRIVEN FUTURE:
NAVIGATING CHALLENGES, EMBRACING
PERSONALIZATION, AND CULTIVATING
THOUGHT LEADERSHIP
26
Your Questions
Answered
FAQs ON FUND MANAGEMENT
REGULATIONS (IFSCA)
ILL-GOTTEN GAINS ARE LIKE SNOW
THAT IS SPRINKLED WITH HOT WATER:
SEBI’S POWER OF DIRECTING
DISGORGEMENT
IN JUNE 2023, THE US DISTRESSED
DEBTS ROSE 300 PERCENT IN 12 MONTHS
TO A STAGGERING $650 BILLION
HOW SYSTEM THINKING CAN
ACCELERATE ESG MATURITY
OF A BUSINESS
DRIVING INDIA'S RENEWABLE ENERGY
ASPIRATIONS: LOCAL ENERGY MARKETS
SUPPORTED BY BLOCKCHAIN
30 Insights
THE PSYCHOLOGY OF INVESTOR BEHAVIOUR: WHY
RETAIL INVESTORS STRUGGLE IN THE STOCK MARKET
COMPLIANCE
CALENDAR
36
Regulatory
Compliance
EXPLORING VEGANISM: A COMPASSIONATE
AND SUSTAINABLE LIFESTYLE
AYURVEDIC WISDOM FOR RELIEVING
CONSTIPATION: A HOLISTIC APPROACH - PART 2
Leadership,
Empowerment & Lifestyle
37
32 Feature
EMBRACING NAVRATRI: CONQUERING FEAR AND
EMPOWERING WOMEN TOWARDS PERSONAL
FINANCIAL CONTROL
EXPEDITING SUSTAINABLE DEVELOPMENT:
SOME INSIGHTS
TIPS TO TAKE CARE OF YOUR BONE AND JOINT HEALTH
41
Living Health
Matters
FORUM VIEWS - NOVEMBER 2023
Dr. Vispi Rusi Bhathena, PhD (h.c.)
Chief Executive Officer
Dr. V. Aditya Srinivas
Chief Operating Officer
and Chief Economist
Markets and economy on strong footing: It appears that the Indian stock markets are currently experiencing
some volatility due to global central banks signalling a prolonged period of high interest rates. The US Federal
Reserve and the Bank of England have both indicated that they will maintain high interest rates for the foreseeable
future. This has led to a correction in the Indian stock markets, with a decline of around 2000 points.
However, despite this volatility, the Indian economy's fundamentals seem to be on a strong footing. The GST
collection exceeding INR 1.6 lakh crore suggests that economic activity is robust. The Reserve Bank of India (RBI)
has also decided to keep interest rates unchanged, with the Repo rate remaining at 6.5%. This decision may have
been influenced by a decrease in inflation from 7.44% to 6.83%, which provides some relief to the RBI. Additionally,
the Index of Industrial Production (IIP) has shown a significant increase from 3.7% to 5.7%, indicating rising demand
in the manufacturing sector.
F R O M
T H E
BBF SECRETARIAT
One positive aspect is that domestic mutual funds in India have been consistently investing in the stock markets. In
2023, they have invested around INR 1,13,000 crores, and the strong monthly Systematic Investment Plan (SIP)
flows of around INR 15,000 crore suggest that retail investors have confidence in the long-term growth prospects
of the Indian economy.
Overall, while there may be short-term challenges and market volatility due to global interest rate trends, the
strong economic fundamentals and continued investor confidence suggest that the Indian economy is well-
positioned for long-term growth.
BBF's commitment during SEBI IOSCO World Investor Week 2023 celebrations: In today's rapidly evolving
financial landscape, understanding the intricacies of investment is crucial for individuals looking to secure their
financial future. To promote financial literacy and empower investors, market infrastructure institutes all over India
contribute to the initiatives of SEBI World Investor Week celebrations.
BBF is dedicated to educating and enlightening individuals about the world of investment through a unique
approach of study visits - visiting financial institutions, stock exchanges, and investment firms can provide a deeper
insight into the functioning of financial markets. Through these study visits, participants gain valuable knowledge
about investment products, market dynamics, and risk management strategies. This firsthand exposure
demystifies the world of finance and empowers individuals to make informed investment decisions.
Furthermore, investment education is an ongoing journey as we continue to offer year-round programs and
resources to help individuals enhance their financial literacy and investment acumen. This commitment to lifelong
learning ensures that investors are well-prepared to navigate the ever-changing financial landscape.
FORUM VIEWS, NOVEMBER 2023 edition
From
to You...
BBF
FORUM VIEWS - NOVEMBER 2023
BBF conducted OVER 30 SEMINARS towards investor
education and awareness initiatives which were attended
by MORE THAN 1350 participants.
FORUM VIEWS - NOVEMBER 2023
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