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Madhu Sudan Kela, Reliance Capital

Madhusudan Kela
The year 2007 was marked by pessimism, doom and gloom, and a never-ending fusillade of fear. The mainstream press never tired of hypnotizing into believing the stock market would collapse, a downfall which never materialized.

With all the talk of the weak dollar and the predictions of a worsening liquidity crisis, prognosticators have all but written off the prospects for a bullish 2008. Calls for a recession in the year ahead are also on the rise. What these analysts have failed to grasp is that there never was a liquidity crisis to begin with. By definition, tight money is reflected by rising interest rates and falling money supply indicators. Just the opposite is the case today.

To understand the how the experts perceive these situations we have invited Madhu Sudan Kela : Head of Equity Reliance Mutual Fund. The man who made mutual funds a household name in India.

Madhusudan Kela's story has all the makings of a modern-day inspiration lesson. He grew up in Kurud, a village in Chattisgarh with a population of 10,000, and cycled 30 kms to attend college. Armed with a bachelor's degree in commerce, he came to Mumbai, not knowing anything about finance or investments. In spite of his education in Hindi medium, Kela ambitiously applied to management schools. He struggled through the group discussions and interviews, but convinced the admissions committee at Somaiya Institute of Management Studies that he was capable of satisfying the institute's academic standards. Kela finished his Master of Management Studies in 1991. With determination, grit, and a passion for the markets, Kela has managed to overcome all odds and become the head of equities at one of India's top performing fund houses.

Event Plan
Venue: The Connaught, Oberoi, New Delhi
Date: Saturday, August 23, 2008
7:30p.m. - 8:00 p.m. Cocktails
8:00 p.m. - 8:45 p.m. Talk
8:45 p.m- 9:00 p.m Q & A
9:00 p.m. onwards Dinner


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