The esteemed speaker was Sri Pratik Oswal, who is the Founder & CEO of Glide Invest. Prior to this, he was heading operations and finance at a Series A Fintech startup in San Francisco, CA. The company was backed by prominent investors such as Y-Combinator, Khosla Ventures, Anthemis, Chicago Board of Exchange (CBoE) and many others, and provided automated wealth solutions to investment advisors and managed over $400 million in assets. Apart from Fintech, Pratik has experience working in Investment Banking, PE and Hedge Funds. He studied Math and Economics at Emory University (USA) and has an MBA from London Business School. He is a big believer in the power of compounding as well as the India growth story.

Prof. Praveen Mohanty moderated the session, which was highly interactive.

Key takeaways from the program:

1. To meet financial goals and to accumulate wealth, plan and save 20-25% of monthly income.
2. To diversify investments into multiple asset classes with high allocation to equity which has historically given highest long term returns.
3. To begin investing at an early age to benefit from the power of compounding,

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The Finance Minister presented the Union Budget 2020 amidst several challenges- unemployment, demand slowdown, India’s derailed economic growth- to name a few. The government tried addressing most of the issues dwindling growth but in an at tempt to address multiple themes, the budget missed out on the most important expectation- boosting demand.

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