DEMYSTIFYING THE WORLD OF STOCKS.
But the path is also rife with pitfalls if you don't know how to invest wisely.
A new Management Development Programme for working professionals announced by the Indian Institute of Management ( IIM), Kashipur in association with ICICIdirect Centre for Financial Learning ( ICFL), promises help on this front. Run in sessions of two to three days at various ICFL centres, the programme aims at demystifying financial complexities for non- finance people.
" The sessions will focus on investing, advance finance, business analytics and financial modeling," said Neeraj Joshi, Head, ICFL. The organisation is already active in campuses.
Since October 2013, it has focused on spreading financial literacy among college students through ' Stockmind' a 10- day contest aimed at enabling them to showcase their stock investment skills online using virtual money to the tune of ` 50 lakh.
The contest has covered 550 colleges and 78,000 students, till February last, making it one of the largest online inter- collegiate events in the country. The grand finale of the contest, where winners will be adjudged on the basis of his/ her net worth, will be held sometime next week.
" In addition to the fun element, the contest also brings out qualities such as decision making, critical reasoning, analytical thinking and risk- taking, which are crucial to succeed in the financial world, from the participants," said Joshi.
This is also the objective of the new management programme, which will begin in Delhi and Mumbai from next month.
" There will be Harvard based case studies in some of the sessions," said Mudit Kulshreshtha, Strategy and Marketing, Chairperson ( Placement and IT), IIM Kashipur.
" Our association with ICFL would help us reach out to learners across the country and also continuously upgrade content based on industry and market feedback," said Kulshreshtha.
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