January 18, 2014
Press Release No. 1
NSE Organizes
Investor Week to Spread Awareness, Empower Market Participants
·
Engages
extensively with corporates, M.S. University, the Institute of Chartered
Accountants of India and member brokers to spread awareness on financial market
·
Disseminates
information on basic principles of
investing and elementary economics to teachers and students of municipal
schools in the city
·
To
organize Investothon, a run for investor awareness on Sunday to encourage
member brokers and dealers to build a healthy financial market by promoting the
right values in investing
·
The
Investothon has been organised earlier at Ahmedabad and Rajkot
January 18, VADODARA: India’s leading bourse the National Stock
Exchange (NSE) organized
Intensive awareness
programs this week in Vadodara as a part of its initiative to help
citizens in Gujarat’s third-largest city learn the basics of capital market,
financial planning and safe investing. The initiative will conclude with an
investor run or “Investothon” on Sunday.
Since inception, NSE has
rigorously promoted investor awareness in different Indian cities to empower
people with information on market products, benefits of investing and how to
invest safely. The focus, this time, is on Vadodara, a fast-growing industrial
and trading hub with a large investor base. The city is home to large public
sector chemical and fertilizer companies, private sector manufacturing
companies, pharmaceutical companies and numerous small and medium enterprises
providing employment to a highly skilled workforce from all over the country.
Senior members from the
exchange held intensive engagement programmes with leading corporates, the
Faculty of Management at Maharaja Sayajirao University, which is ranked as one
of India’s leading Universities, the local chapter of the Institute of
Chartered Accountants of India, Rotary club, member brokers, non-government
organizations and students of local schools. The aim was to educate market
participants on their rights and obligations in the market, the importance of
investing according to an investor’s risk appetite and to spread awareness on
products like exchange traded funds.
The sessions educated
market participants on various products including Nifty Exchange Traded Funds (ETFs),
in which an investor can buy one unit in just a little over Rs. 600 (depending
on the current value of the index). These funds can be traded just like stocks;
their NAV is available real time and have given good returns in the long term.
NSE officials also educated
M.S. University (earlier called the Baroda University) students on topics like
inflation, risk, investment versus savings, securities market and the different
asset classes in the exchange market. Reaching out to students and teachers
from schools in the city was also a part of the initiative where the focus was
on empowering them with knowledge on investments, savings, inflation and risk.
Students in schools associated with the Mahavir International - Mahavir
Foundation Trust were also distributed dictionaries.
Since 1994, when NSE was
set up, investor protection has been given the highest importance. In keeping with this line of thinking, NSE
currently runs 11 Investor service centres in India, including one in
Ahmedabad, for grievance redressal and handling arbitration cases on investor
complaints.
Addressing the media, Mr.
Ravi Varanasi, Chief Business Development, NSE, said, “NSE has been conducting
investor initiatives all over the country for investors, market participants
and school and college students to grow the investor base and instill financial
discipline in youth. Investor initiatives at Vadodara are aimed at encouraging
the enterprising people of the city to invest in productive assets to manage
their money wisely.”
Mr. Varanasi will flag off
Vadodara’s first ever Investothon being organized on Sunday. Investothon is a
run organized to bring the investing community together and encourage them to
promote best practices in investing and build a healthy financial market.
Twenty four investor runs have been organized in the country so far in the last
three years and more than 30,000 people have participated in them.
The runs have been held in
the metros and several tier two and tier three cities like Pune, Indore,
Bhubaneshwar, Rajkot and Kochi.