On 11th March 2018, the Samnidhy Investors Meet for the year 2018, was held as part of the second day of the Annual Budget Conclave, Manthan 2018.
Samnidhy is a one-of-its-kind, student-management investment fund at TAPMI, and the only one to be legally registered in the country. It has completed 3 years of operation, since its inception in 2014. Comprising an official board of directors, it is regulated by strict guidelines and protocols and is mentored by an advisory board consisting of senior capital market professionals.
The Samnidhy 2017 Board of Directors included Mr. Abraham Mathew (CEO), Mr. Dhanyakumar M. H. (CIO), Mr. N. Phani Kumar (CRO), Mr. Dinesh Guna (CMO), Ms. Abhilasha Mathur (CHRO), and Ms. Bhargavi Mittal, the interim CIO. The team also comprised of 52 Analysts covering 13 sectors.
Prof. Aditya Mohan Jadhav addressed the gathering and spoke about the roots of Samnidhy, and its evolution over the years. Ms. Mitali Chitre, Principal at Baring Private Equity Partners unveiled the Samnidhy Newsletter for 2017-2018.
This was followed by the formal presentation by the outgoing Board of Directors on the stock selection and review process. The key highlights of the presentation are as follows. For the year 2017, Samnidhy had a corpus of Rs. 7.9 Lakhs, wholly contributed by the students of TAPMI. The corpus has grown by 127% since their beginning in 2015, and the fund reaped in post-tax returns of 18.6% for the current year. They suffered a loss of 2.7% because of the bear market. The portfolio holdings mainly consisted of those in NBFC, Banks, Automobile, FMCG and Infrastructure sectors.
They also presented the key activities during the past year, such as weekly and quarterly publishing of the Samnidhy Newsletter, a periodic “Stock of the month” analysis shared with the TAPMI community, sector presentations by Samnidhy Analysts and guest interactions for Samnidhy Analysts.
This was followed by an interaction with the distinguished guests, who provided several suggestions ranging from analyzing and choosing stocks, to improving their marketing communication. The student investors also posed questions to the Board of Directors.
The meet ended with the introduction of the new Board of Directors for Samnidhy 2018 -19, consisting of Mr. Subhajit Bhattacharjee (CEO), Mr. Saket Golchha (CMO), Mr. Sanjay Sawhney (CIO), Mr. Akshay Salot (CRO) and Ms. Christina Sebastian (CHRO).