Dr. Vinay Kandpal
Department of General Management
School of Business, UPES, Dehradun
Dr. Vinay Kandpal is an Assistant Professor in Department of General Management, School of Business, UPES, Dehradun. He teaches subjects like Financial Accounting, Financial Management, Indian Financial System and Marketing of Mutual Funds and many more. He got Certificate of Appreciation award for writing two Books on Accounting for Management and Financial Institutions & Markets. Some of his notable work are “Economic and Financial Viability study of Dedicated High Speed Rail Network between Mumbai and Ahmedabad”, “Financial Inclusion in India Breaking the Myths and Challenges: The Case of Uttarakhand”, “Accounting for Management”, “Mutual Fund: An Indian Perspectives” and many more. He is a Pioneer of Finance, Management and Investments like Mutual Fund and many more. He has a great interest in finance and management sector. Here he share his journey, experience and some great tips on finance and management for all of us.
Q1. Please share your educational and professional journey with us?
I was born in Hind motor Kolkata and studied up to Graduation there. I did my B Com Hons from Calcutta University and then moved to Haldwani near Nainital. I belong to Uttarakhand. I did my MBA with dual specialization in Finance and Marketing from Kumaun University Nainital and PhD in Management from Department of Management Studies, Kumaun University Nainital. After 1 year experience in Industry I started my journey in Academics in 2006. Since last 8 years, I am working with UPES Dehradun, which had given me a proper platform to excel in academics and research. It is a Great place to work.
Q2. You did MBA from Kumaun University. Why did you choose teaching over any corporate job?
After my MBA degree, I started working in Corporate but after 1 year I realize that Teaching would be an area where I can grow and contribute towards society and building up student’s career. My Mother was a teacher in Hind Motor High School (Birla Group School) in Kolkata. It seems like teaching career is in our background and it’s a noble profession where we look to build other career and work for their betterment.
Q3. What was your research topic (Thesis) in Ph. D.?
The topic of my PhD thesis was Performance Evaluation of Mutual Funds in India – A Comparative Study of Public and Private Sector Mutual Funds.
Q4. You are a professor of finance. What was the key thing that attracts you about finance?
Finance is called as lifeblood of business and it is at the top of hierarchy of any organization. Recent years many companies faced problem due to lack of proper policies to manage its working capital. Many projects are started without going through and a proper analysis of Financial and economic feasibility. It’s about Project Management and look into a proper source of financing that is not too costly. Credit rating and Financial Institutions has a key role to play in the economic development of India by strictly following Corporate Governance norms laid down by Government. These are some of the areas, which I love about Finance.
Dr. Vinay Kandpal
Q5. Everyone is failed in financial accounting and management. Give some tips to improve in finance?
Textbooks are a great resource for studying accounting. Don’t go for only 1 book while practicing as applicable to Mathematics, Statistics and other courses which have numerical besides theoretical background.
Practice will make you perfect. Don’t fear and in case of any issue discuss it with your faculties which will be always happy to help.
Almost everything that is included in your accounting book is important. Basics must be learnt by heart and not just for clearing exams.
Discover how accounting principles work and how they are applied, work the problems included in your accounting textbook.
Since accounting concepts build upon on another, it’s related so it’s very important you keep up with the class. Don’t skip the class.
After each class, review your notes. If there are any accounting concepts that were introduced during class that you did not fully understand, do whatever is required to learn them before your next class.
Same applies to Course Financial Management.
Q6. . How do you compare saving and investment? Which one is better?
Savings refers to putting or saving money aside for future use and not using it. It’s generally money left after meeting your regular or operating expenses. It thus involves low risk and low returns whereas Investment refers to investing money in different forms at different rates for some specific period to earn or gain more money on the principal amount of investment and the same involves more risk and return.
An investment is an asset or item acquired with the goal of generating income or appreciation. It is the process of using your money or capital, to buy an asset that you think has a good probability of generating a safe and acceptable rate of return over time. Investments can be stocks, bonds, mutual funds, derivatives, real estate, jewellery, NSC, PPF, Post office schemes, fixed deposit anything an investor believes will produce income usually in the form of interest or rents.
Savings atleast 15-20% is quite essential to build up a proper base for meeting future requirement of families. Investment has to be balances between Insurance especially health insurance, money market instruments and capital market instruments.
Q7. What do you do in your free time?
In my free time, I try to focus more on research work but I also like to see debates in News and listen to music. I also try to add to my knowledge by reading books and attending webinars.