Rosary College of Commerce & Arts

Navelim, Salcete-Goa

Report on Educational Tour to Mumbai -

Do not save what is left after Spending.. Spend what is left after Saving!

I, Kay Maya Barreto student of Masters of Commerce (Mcom) Part II (Business

Management) from Rosary College of Commerce and Arts, Navelim attended a study tour at
Mumbai that was conducted by the Department of Post-Graduation of Commerce.
As a part of the Mcom programme a total of 31 students of Mcom Part II accompanied by 2
faculty members were taken for a study tour to Mumbai from 21st November to 25th
November 2016. The places that were visited are - BSE India (Bombay Stock Exchange),
RBI (Reserve Bank of India) Monetary Museum, NSE India (National Stock Exchange),
SEBI (Securities and Exchange Board of India) and NSDL (National Securities Depository
Limited).
On 21st November 2016 we boarded the train from the Madgaon Railway Station and the
train departed at 6:00 pm. We reached Mumbai on 22nd November early morning at the
Mumbai CST Station. Our tour bus then picked us up and took us to Don Bosco Matunga
where we were going to stay for the next 3 days. We then quickly freshened up, had our
breakfast and reported at 9:15 am to proceed towards BSE India at Dalal Street, Mumbai and
RBI Monetary Museum at Kala Ghoda, Mumbai.
Our session at BSE India was at 10:00 am to 12:00 pm which was conducted by Dr. V Aditya
Srinivas. During these 2 hours he briefed us about the history and workings of BSE, he told
us that BSE is the oldest stock exchange in Asia and India that was formed on 9th July 1875,
it started with a membership fee of rupee 1 and it had 318 members, he also mentioned that in
2012 SME (Small Medium Enterprise) was started and today it has 150 companies listed. Not
forgetting the current scenario, in 2016 there are 1392 main brokers and 60,000 sub-brokers,
the membership fee is total of 35 lakh rupees. He also educated us about investment in stocks
that is the direct method and indirect method. Apart from that he also guided us and
encouraged us to choose the best careers for our future and wished us all the best of luck and
ended the session. At around 3:00 pm we headed towards RBI Monetary Museum, where we
were shown a small presentation on how the currency came into existence and how and for
what it was used and how goods were traded before the currency, we were also shown the
different types of items that were used as a medium of exchange of goods in the ancient
times. All the past currency coins and paper notes and the different denominations and also
the metals that were used to make them were shown to us. Also how the share certificates,
bills of exchange, bond certificate were printed and written in the ancient times were shown
to us.
On 23rd we proceeded to NSE India, BKC Bandra, where we attended a small session and
were told about the functioning and role of NSE India, we were informed about the daily
turnover of NSE which is 3,00,000 cr. We were also taught about the shares, bonds, mutual
funds and were also shown live how the transactions take place. We were then taken to SEBI,
and the session at SEBI was conducted by Mrs. Kranti Dessai who educated us more about
SEBI that is the regulatory body which was formed in 1988, she also discussed about the
difference in speculation and investment, she had a very interactive session and provided us
with more knowledge about SEBI.
24th our last day in Mumbai, we visited NSDL, Lower Parel. Mr. Manoj Sathe conducted the
session for us. He started by briefing us about NSDL as it is the first largest depository in
India which was established in the year 1996. He then showed us a small video presentation
about SIP (Systematic Investment Plan). The video gave us a good message of how we need
to save at an early age so that we can live a care free life in future.
To bring more life to our tour we also visited places like Gateway of India, Pheonix
Marketcity, Mount Mary Church and Carter Road.
On 24th night at 10:00 pm we proceeded towards Dadar Railway station and we departed at
11:18 pm and reached Goa on 25th November at 11:30 am at the Madgaon Railway Station.
The educational tour was an absolute worthwhile experience. I acquired knowledge on the
importance and need for investments, the pros and cons, how to invest and why to invest,
which investment avenue to choose, I also gained a rough idea as to how shares are traded
through the demat account which has made me build an interest in opening a demat account.
I conclude the report by expressing my gratitude towards Rosary College of Commerce and
Arts, Navelim for having provided me plentiful of experience which will help in maximizing
every opportunity to the best of my abilities and knowledge. The tour experience was indeed
a milestone to my academic and professional experience. The lessons that I have learned will
be a valuable one for my future endeavours as well.

Miss. Kay Maya Barreto

Roll No: R/Mcom 15-04