The money managers of tomorrow are undergoing baptism by fire. Across the country, B-school students are now managing funds put down by classmates and alumni to learn the tricks of real-time investing.
Be it the Investment Bank of Kozhikode at IIM-K or Arth (inspired by theArthshastra) at the National Institute of Industrial Engineering or Unnati at Management Development Institute, Gurgaon or Credence Capital at IIM-Lucknow, students are assuming the responsibility of managing kitties amounting to a few lakhs amidst the volatility in the capital and money markets.
For the students, the practical experience of handling a fund includes maintaining databases and drawing up charts on stock movements. "Monthly sector wise reports are also published," said Jaspreet Singh of IIM-K who monitors the cement sector for IBOK. This institute has six students each in the 22 teams they have formed to study various sectors.
Similarly, in Lucknow, students update analysis on Indian and global markets as also details of the fund portfolio on the website daily. While the first year students in most B-schools are analysts, the final-year batch comprises of the associates who mentor and monitor the fund.
"IIM-L is also in the process of getting their fund registered so that alumni can be roped in," said Sridhar Reddy, second year student at the Lucknow campus. Regardless of how little or large the total investment is, the experience of forming teams to analyse sectors and discussing investment options clearly leaves students richer in experience.
"We sit up till about two in the morning tracking stock movement. Besides, we speak to our alumni and our faculty for guidance. But in the last year, our fund has had returns to the tune of 30%-35% on the sensex stocks and about 60% on the mid cap stocks," Balaji added.
Read more over here.
Be it the Investment Bank of Kozhikode at IIM-K or Arth (inspired by theArthshastra) at the National Institute of Industrial Engineering or Unnati at Management Development Institute, Gurgaon or Credence Capital at IIM-Lucknow, students are assuming the responsibility of managing kitties amounting to a few lakhs amidst the volatility in the capital and money markets.
For the students, the practical experience of handling a fund includes maintaining databases and drawing up charts on stock movements. "Monthly sector wise reports are also published," said Jaspreet Singh of IIM-K who monitors the cement sector for IBOK. This institute has six students each in the 22 teams they have formed to study various sectors.
Similarly, in Lucknow, students update analysis on Indian and global markets as also details of the fund portfolio on the website daily. While the first year students in most B-schools are analysts, the final-year batch comprises of the associates who mentor and monitor the fund.
"IIM-L is also in the process of getting their fund registered so that alumni can be roped in," said Sridhar Reddy, second year student at the Lucknow campus. Regardless of how little or large the total investment is, the experience of forming teams to analyse sectors and discussing investment options clearly leaves students richer in experience.
"We sit up till about two in the morning tracking stock movement. Besides, we speak to our alumni and our faculty for guidance. But in the last year, our fund has had returns to the tune of 30%-35% on the sensex stocks and about 60% on the mid cap stocks," Balaji added.
Read more over here.
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