India’s first RupeeCamp was held at Indian Merchants Chamber, Churchgate, Mumbai on 9th April, 2011. The one day workshop was inaugurated by Mr. Parag Parikh, Chairman, PPFAS and bestseller author of books on Behavioral Finance and Value Investing.
The workshop has been in the making for the last two years. I remember a friend who complemented me about my blog and said that,
“While the internet can give you a lot of information, I am struggling with all that information and gyaan. I want a simple structured method to manage my personal finance
I agreed and recently came across a tweet by @SahilParikh which says, “Taking information from the internet is like taking a drink from a fire hydrant”. How true!!
That gave birth to an idea that there could be a structured workshop where you can learn as well as implement informed financial decisions.
I have worked on the content and structure design for the past two years, enrolled myself for courses on training design and architecture and continuously brainstormed on the best way to make the learning interesting as well as useful.
The objective of the RupeeCamp was simple. It was to help participants to :
1. Understand and Plan their Finances
2. Help choose different plans (health insurance, life insurance, investments etc) according to their goals established during the financial plan.
3. Provide periodic review and feedback on personal finance.
While the feedback was positive and encouraging, I want to share some suggestions that I received from the participants. I asked them for suggestions for the next RupeeCamp. Here are some:
Targeting exact planning for a saving of Rs 5 lacs or Rs 10 lacs.
Recommendations for effective products.
The workshop to be spread over two days.
The initiative is much needed across country and investors.
There was tremendous support from friends and industry experts. To start with I want to thank Mr. Parag Parikh who graciously agreed to inaugurate and give a talk on Behavioral Finance.
Mr Prakash Ranjan Sinha, a veteran of Mutual Fund and Wealth Management industry and who has worked with UTI, Bajaj Capital, IDBI Wealth, etc had some very good insights on the financial planning process.
The financial planning activity was led by Sumant Kumar, my friend of 30+ years and who designed and tested the financial planning excel sheet.
Sadique Neelgund, Founder, NetworkFP and a Certified Financial Planner shared his insights on financial planning and answered questions.
Manish Jain, VP, MProfit, has over 15 years of experience with technology based companies and led an interesting session on using tools and technology. He also gave away free licenses of MProfit, a Portfolio Management Software
Mitul Dadhania, CEO, Investplus also shared his thoughts on using software and was kind enough to give away free licenses to InvestPlus
SAR Murthy, a qualified Company Secretary with LLB and M. Com Degrees and having 18 years experience in Retail Finance of Marketing, Credit, Operations, Administration and Recovery fields led a useful discussion on Real Estate investments and the loans process.
I am indebted to all the participants and the speakers for the interactive discussions and insights. I learned and enjoyed their company as much as they did, if not more.
The real takeaway from the workshop is that RupeeCamp is the need of the hour. And I need to continuously improve and make it more useful and interesting.
I have recorded the entire workshop and will share videos of the feedback and some sessions very soon.
Join RupeeCamp mailing list and spread the word please.