Statement of Purpose

Jishnu Basavaraju October 1, 2021

My first exposure to financial markets is, ironically, via one of the lowest moments of it,
the 2008-09 financial crisis. As a child, even though I did not understand any details of it, I
was always fascinated by the idea of financial market and its functioning. It continued with
me checking the numbers of SENSEX and NIFTY on newspaper, without knowing their
implications or significance. Even though I couldn’t get into the nit and grit of it, I managed
to stay in touch with what is happening with the financial world, in my capacity.

As a teenager, monetary freedom and success was one of my, if not the, main goal. Hailing
from a small village in southern part of India, my family knew nothing better than preparing
for JEE, to get into a prestigious IIT and build a dream future. So, I have got into the JEE
preparation, and have managed to complete that part of education with good sucesss, with
a seat in a prestigious IIT, and a Gold Medal in an Olympiad Representing India.

In my college studies, I have gained a broader understanding of the world. Even though
IIT is a great platform to gain exposure and for a plethora of opportunities, I have realised
that any amount of monetary freedom without being myself at work is not very desirable.
I want to be frequently challenged and tested, I want my competitive side to be always
engaged. I want to be in a field that is fast paced, goal and outcome oriented, rewarding for
excellence and in general, very exciting and awe-inspiring.

The Capital Associates Programme has struck every string in my box. A programme
where I could learn about public market investing with hands on resposibilities, a place
where I could challenge myself to think as an investor and demonstrate my excellence in
qualitative and quantitative work seems like I am a perfect suit for this role. I have already
explained about my passion for such an engaging field in previous paragraphs. I have a great
qualitative and quantitative skill set, that is suitable for excelling in this field, I have honed
and applied this skills via training for one of the toughest competitve exams in the world.

Even though I dont have any formal background in finance, I have a very engaging out-
look on the field, and I have spent some time thinking about investing and finance sector.
One of the things that I have always thought about and wanted to explore if I had time and
resources is that, in a country like India or any other developing countries, where
credit scores aren’t widely used or have been popular, there has been a huge
hurdle for loan seeking budding investor, in terms of how barringly costly, both
in terms of processing time and annual interest, the loan providence has been. I have
always thought about this problem. I would like to grow a better outlook in public market
investing and identify such deficiencies and work on their solutions under the guidance of
your esteemed firm.

Concludingly, I firmly believe I would be a good suit for this wonderful opportunity
provided by Capital Group, and I ensure I would make use of the opportunity to my complete
potenital, if given one.