IIM Lucknow Successfully Concludes 3-Day Student-Run Annual Investment Summit, Nivesh 2024
The event saw the participation of over 1200 students and featured engaging investment competitions, insightful workshops, and inspiring talks by accomplished venture capitalists and investment bankers.
Lucknow : Indian Institute of Management Lucknow’s student-run investment club, Credence Capital, concluded its impactful 3-day summit, Nivesh 2024. This annual investment summit, organized by Credence Capital, is dedicated to fostering a culture of investment and financial management among students. The theme for this year’s colloquium was ‘New Financial Frontiers: Opportunities in India’s Autonomous Economy.’
Credence Capital, established in 2005, is a well-known club at IIM Lucknow that seeks to enhance the community’s understanding of financial markets, asset management, and personal finance through investment analysis. The club advises the largest and oldest student-run investment fund, providing students with hands-on experience in investment management and trading strategies, complementing their academic and professional learning.
Professor Ajay Garg, Dean & Professor of Finance and Accounting, IIM Lucknow, shared the importance of routinely organising such a summit and highlighted, “With a focus on intricacies of the financial world Nivesh aims to provide a platform for students to learn from industry experts and academicians via insightful discussions and explore emerging trends in the financial domain. This year we had distinguished panelists from diverse sectors of the industry sharing their expertise and providing participants with practical insights.”
A key attraction of Nivesh 2024 was ‘Investowise,’ a stock pitch and industry analysis competition that witnessed the participation of 600 students in 8 teams competing against each other.
Organised from 12th to 14th January 2024, the event also featured various insightful sessions. The event was kickstarted with an ‘Intangible Valuations’ session conducted by Professor Aswath Damodaran from New York University.
At another session, Mahesh Patil, Chief Investment Officer of Aditya Birla Sun Life AMC shared his thoughts on the topic, ‘India’s Economic Outlook in a Multipolar World’. The session was conducted on 14th January and was hosted by professor Vinit Chauhan in which they discussed the emerging sectors, digital transformation, sustainable economic growth, rising disposable income, and demographic dividend.
A noteworthy panel discussion brought together industry stalwarts including Mr. Deepak Gaur (Venture Partner at Elevation Capital), Mr. Ajay Mahipal (MD at HealthQuad), Mr. Amitabh Verma (Director of Fission Wealth), Mr. Abheek Barua (Chief Economist at HDFC Bank) and Ms. Lipika Saxena (EVP at RBL Bank) shared their views on Financial Frontiers in India. The panel discussed how banks should look towards mitigating risks in the sector to improve the strength of the financial sector, the recent growth of the startup ecosystem, the rising disposable income of retail investors, and how it can be channelled towards making the wealth management sector boom.
The summit provided students with a valuable opportunity to interact with industry professionals, extending their knowledge beyond the confines of textbooks. Participants left Nivesh 2024 with cherished memories and crucial insights for both their professional and personal lives.