NSE Academy Limited (NAL), a wholly owned subsidiary of the National Stock Exchange of India Limited (NSE) earlier this year had signed an Agreement with HDFC Asset Management Company Limited(HDFC AMC), the investment manager to HDFC Mutual Fund to collaborate and launch first-of-its-kind program namely ‘Invest-Verse: An Introduction to the World of Investing’.
The program shall be offered to college students across India. The program will help to reach the next wave of first-time investors through a holistic 5-hour course, which will also be made available on HDFC Mutual Fund’s MFBytes application. The programs will be delivered through online and application based training and will be co-certified by both the institutions.
A formal launch of the program was held on 25th August, 2022 at NSE, BKC, Bandra (Mumbai). The launch program was attended by honorable chief guests Shri Ashish Kumar Chauhan, MD & CEO of NSE and Shri Navneet Munot, MD & CEO of HDFC AMC who inaugurated and addressed the maiden batch of over 250 students from various reputed colleges of Mumbai.
Speaking on the occasion, Mr. Navneet Munot, MD & CEO of HDFC AMC, said, “Financial literacy is critical for achieving financial inclusion. We are aligned to Honorable Prime Minister’s focus on taking financial literacy to the youth, especially those coming from non-finance background; educating and empowering them to be earners and future investors. With Invest-Verse, we not only take a step towards fulfilling our Prime Minister’s vision but also manifest our mission of being the wealth creator of every Indian.”
Speaking on the occasion, Mr. Abhilash Misra, Chief Executive Officer, NAL said “NSE Academy promotes financial education and skill oriented financial market courses across the country for students as well as professionals. Our collaboration with HDFC AMC will add to NSE Academy’s integral role in developing competitive skillsets for students and shall bring about significant value addition to the higher education space.”
About National Stock Exchange of India Limited (NSE):
National Stock Exchange of India Limited (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2021. NSE is ranked 4th in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2021. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.