March 30, 2014
Press Release No. 1
NSE organises Investothon in Mumbai to
promote investor awareness, engage with market participants
India’s leading stock exchange, the National Stock
Exchange (NSE) organized an investor run or ‘Investothon’ for the fourth time
in Mumbai on Sunday morning. An enthusiastic crowd of investors, member brokers,
prominent Coporates and citizens of
India’s financial capital participated in the run to
create awareness about the importance of financial planning and following
healthy investment practices.
The Investothon is organized along with the CNBC-TV18
group and has, over the years, taken the shape of a huge movement to galvanise
and motivate the investor community to build a healthy capital market.
The run was held at R2 Ground, behind the NSE building, Bandra Kurla
Complex, from 7:30 a.m. onwards. There was a 3 km Bull Run; a 6.5 km
timed Nifty Run and a 4.5 km Power Run. Prizes were given to a number of
trading members including for the most enthusiastic team, most shareholders prize,
high fives team and others.
Ms. Chitra Ramkrishna, MD & CEO of NSE flagged off
the run. Mr. Keki Mistry, CEO, HDFC Ltd, Mr. A. Krishna Kumar, MD and Group Executive,
National Banking, State Bank of India, Mr. Bhargav DasGupta, MD & CEO ICICI
Lombard General Insurance Company Ltd and Mr. Viren Rasquinha, CEO Olympic Gold Quest and Former Captain of the
Indian Hockey Team were among the key guests at the Investothon.
Ms. Chitra said, “NSE takes a number of initiatives to
reach out to investors in different parts of the country. The investor run is
aimed at strengthening NSE’s efforts to grow the investor base, by joining
hands with Members and market participants, to sensitise investors about safe
investing and opportunities available in the markets.’’
Today was the 30th investor run, organized
by NSE. Since 2011, the Investothon has been organized in many cities like Bangalore,
Pune, Bhubaneshwar, Kochi, Ahmedabad, Rajkot, Indore, Vadodara and Jaipur, apart
from the metros. More than 53,000 people have participated in the Investothon
in the past three years.
The exchange also takes a number of initiatives to
protect the interest of investors. Every day lakhs of investors are sent text
messages and emails, after the trading hours on the trades they have executed,
so that they can verify their trades. In recent months, 25 per cent more
investors are being sent this trade related information, to protect their
interests.
NSE has also started implementing the tighter
guidelines brought by SEBI on disclosures by listed companies. NSE has put in a
stronger mechanism, with additional manpower to monitor adequacy and accuracy of such
disclosures, to protect the interest of investors.
Currently there are 11 Investor service centres that
are being run by NSE in different parts of the country,
where investors can register complaints and the time taken for complaint
resolution has also been cut down.