Money9, India’s first and only multimedia multilingual personal finance platform promoted by India’s largest television news network, TV9 Network, held its first day-long Financial Freedom Summit (FFS) on March 15th in Mumbai, in support of India’s financial inclusion mission.
The event saw India’s financial policymakers, leaders, and influencers join forces and exchange ideas and solutions for achieving financial freedom at a much faster rate, making it a huge success. Anupriya Patel, Minister of State for Commerce and Industry, launched Money9’s new age offering, ‘DataCoin,’ the first independent personal finance data depository.
Summit also showed off Money9’s upcoming Super App.
Anupriya Patel, Minister of State for Commerce and Industry, stated in her inaugural keynote address, “The Centre has worked toward the goal of financial inclusion, which raises public awareness of the need and benefits the nation’s overall economic prospects. Money9, in my opinion, is a capable ally in ensuring the financial security of India’s 1.4 crore citizens.”
The minister praised the Financial Freedom Summit when it was launched.
The Summit lauded Money9’s super app and the Money9 Personal Finance Survey, which covered more than 30,000 sample households across the country and was carried out to help collectively draw the financial freedom roadmap.
Speaking about the Summit, TV9 Network MD and CEO Barun Das said, “I have always maintained that while the supply side looks like having been well established, the demand side is a laggard and needs to perk up to create the true inclusion ecosystem. I am happy to note the all-around endorsement of this challenge by top BFSI leaders who addressed the Financial Freedom Summit.”
“I am further pleased with the proactive support extended to Money9 Financial Freedom Mission by the entire BFSI industry and am confident that together we will be able to traverse the hitherto uncovered journey and enable financial security for all of India.”
While delivering the keynote address, Kotak AMC’s MD Nilesh Shah said, “For any kind of investment, savings are a must, and for growth investment, it is a must.” He reiterated his “Lage Raho Munna Bhai” slogan to get a larger population into the equity fold through the mutual fund route.
Radhika Gupta, MD & CEO of Edelweiss AMC, said, “In India, mutual funds are underrated, and there is a perception that MFs deal only in shares and are risky. This needs to be corrected.” She hailed Money9 DataCoin as a mint-fresh initiative that would aid financial inclusion.
Saugata Bhattacharya, Senior Vice President of Axis Bank, said, “One basic thing that explains financial savings increase is high economic growth. Growth is imperative.”
The full-day conclave covered a wide range of topics aimed at encouraging and boosting small investor trust. The Summit covered a wide range of topics, including exclusive sessions such as Insured Bharat, Secured Bharat, Invest Bharat, and Fintech Bharat.
Speaking during the Secured Bharat session, Bhattacharya, Senior Vice President of Axis Bank, said, “One basic thing that explains financial savings increase is high growth.”
The other speakers at the summit included: Dipan Mehta, Founder of Elixir Equities & Member of BSE, NSE, CDSL, Subhrajit Mukhopadhyay, ED, Edelweiss Tokio Life, Venkatesh Naidu, CEO, Bajaj Capital Insurance; Harsh Roongta, Certified Financial Planner; Priya Deshmukh Gilbile, COO, Manipal Cigna Health Insurance; Siddhartha Sanyal, Chief Economist & Head Research, Bandhan Bank; Rajani Sinha, Chief Economist, CareEdge; Atul Joshi, MD & CEO, Oyster Capital; Nilesh Shah, Group President & MD, Kotak Mahindra AMC; Sandeep Bagla, CEO, Trust MF; Hemant Rustagi, CEO, Wiseinvest; Aashwin Dugal, Co-CBO, Nippon India MF; Mohit Gang, Co-Founder & CEO, Moneyfront; Varun Chopra, Co-Founder & CEO, Eduvanz; Pankaj Bansal, CBO, Bank Bazaar and Shachindra Nath, Vice Chairman & MD, UGRO Capital.