Equity Analysis for Beginners with Jatin Khemani

PROGRAM OUTLINE

• Why Invest? The common investment avenues in India - Pros & Cons.
• Common pitfalls and shortcuts due to which amateurs lose money in the stock market.
• Thinking like an owner - Starting and scaling up a business.
• Making sense of Financial Statements (Balance Sheet, Profit & Loss & Cash Flow).
• Understanding the language of business (Accounting) along with key financial ratios.
• Three Pillars of Investing: Business (Horse), Management (Jockey) and Valuation (Odds).
• Different types of business models, their strengths and weaknesses.
• Industry analysis followed by company analysis and its key drivers.
• Screening - Quick hack to filter out 90% of fragile/shady stocks.
• Annual Report Analysis - Key Sections. Classroom exercise followed by discussion.
• Corporate Governance - Judging if the promoter/management is ethical as well as competent.
• Valuing a stock to assess if it is under-valued, reasonable, or over-valued.
• Various online resources to compile as well as analyze data.
• Portfolio Approach - Concentration vs Diversification, Position Sizing (Allocation), When to Sell?
• Summing it up. Investment Checklist.
• Further Reading Material - Book Recommendations, Blogs, Web Portals & Other Resources.
• Guest Sessions

WHO SHOULD APPLY?

• Candidates who are exploring a career in investment management are encouraged to attend.
• Senior professionals or entrepreneurs, who wish to get more involved in their personal finance and eventually be better equipped to manage/supervise their investment portfolios are also welcome to apply.
• The sessions would stretch all day starting early morning and going on till late night with periodic breaks. It would be mandatory for the selected candidates to read certain study material before coming to campus, the same would be provided post selection. Only serious candidates who are willing to make effort to learn, contribute to peer learning and sit through all the sessions should apply.
• Having some basic knowledge of business, accounts and equity research would be helpful but the same is not a pre-requisite to attend the program.
• If you are already working as a research analyst or have been managing your investments full-time with relevant education background like CA, CFA or MBA (Finance), the course may not add much value given it is for beginners and will cover only the basics.

WHAT NOT TO EXPECT?

The focus of the program would be solely on fundamental analysis. The instructor has no expertise/experience in technical analysis, quantitative, algo or intra-day trading etc. hence these would not be covered at all. There would be no tips or investment recommendations.

SELECTION CRITERIA

• Candidates who are exploring a career in investment management are encouraged to attend.
• Senior professionals or entrepreneurs, who wish to get more involved in their personal finance and eventually be better equipped to manage/supervise their investment portfolios are also welcome.
• Each applicant will be evaluated on several criteria to ensure that the participants selected for the program are well-rounded individuals with capacities of contributing to classroom participation and peer learning.

All applicants to note the following:

• Admission to the program is not subject to early submission of application form and cheque.
• Corporate nominations will be restricted to not more than five to ensure diversity of the cohort.

OTHER INSTRUCTIONS

• Since this is a case-study based approach and there could be some classroom exercises, it would be recommended to bring your own laptop.
• Please note that active participation of applicants is a must, since case studies will be covered. You will be required to sit and study cases in class, post which there will be discussions on the same.
• There may also be a couple of guest sessions by market practitioners.

APPLICATION PROCEDURE

To apply the applicant must complete the application form.

PROGRAM FEES

• NR 30,000 plus GST (INR 35,400) which includes tuition, course materials, meals and on campus accommodation.
• The fee does not include travel and other incidental expenses.
• Candidates need to submit the application form online and mail the payment to FLAME. Only cheques will be accepted as a payment method.
• The cheque payment must reach FLAME by the application deadline. Kindly note, even if the application is submitted, but the payment does not reach FLAME by the application deadline, the application will be deemed incomplete and annulled.
• Cheques should be made payable to ‘FLAME University’.
• Cheque should be dated April 17, 2024. Candidates should write their name and the program they have applied for behind the cheque.
• Cheques should be mailed to ‘FLAME University, Gat No. 1270, Lavale, Off. Pune Bangalore Highway, Pune - 412115, Maharashtra, India.
• Candidates are requested to use preferred courier services such as Speed Post or Blue Dart.

WITHDRAWAL AND CANCELLATION POLICY

In the event that FLAME University is unable to provide the program, all fees will be fully refundable.

For selected candidates:

• If request for withdrawal is received before and upto June 20, 2024, full amount of the fee paid shall be refunded.
• If request for cancellation is received after June 20, 2024, 10% of the fee paid shall be refunded. GST on cancellation will be applicable

ACCOMODATION

Accommodation will be provided in an AC, single occupancy room to all participants at the FLAME campus in Pune for three nights of July 11,12 and 13, 2024.

APPLICATION DEADLINE

April 15, 2024

SELECTION NOTIFICATION

Confirmation emails will be sent to the selected participants by April 20, 2024

FACILITIES AND INFRASTRUCTURE

FLAME offers 70 acres of tranquil space, just 13 kms. from the Pune University main gate. It is an eco-friendly campus adjoining a 18-hole golf course. FLAME has an international sized cricket ground, football, tennis, basketball and volleyball courts, outdoor Olympic sized swimming pool, track and field, futsal and handball at their disposal. A fitness and conditioning studio, badminton courts, billiards tables, squash courts, table tennis, carrom and chess ensure that FLAME’s sports facilities are second to none.

Its academic spaces include lecture theatres, conference rooms, a library, a performing arts studio, a visual arts studio, a sculpture studio, Physics, Chemistry and Biology labs, Financial Research lab and amphitheatres. Some of the other amenities include cafes, Wi-fi connectivity, an infirmary and an ambulance in case of emergency.

During the duration of the program, participants are encouraged to explore the campus and use the facilities FLAME offers.

CONTACT

Phone: +91 9657709882 (Text and WhatsApp only)
Toll-free No: 1-800-209-4567
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.flame.edu.in

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VENUE

FLAME University
Gat No. 1270, Lavale, Off. Pune Bangalore Highway,
Pune - 412115, Maharashtra, India.