NSE signs MoU with IPS Academy to promote financial market education in Central India

National Stock Exchange (NSE) is the largest stock exchange in India and has taken a number of initiatives in to promote financial market education, financial literacy and vocational courses. With a motto to promote financial market education awareness and literacy, NSE has introduced a new education drive in central India.

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The memorandum of understanding (MoU) has been signed between National Stock Exchange and IPS Academy. Not only this but NSE has also collaborated with 14 institutes located in central India for the courses ranging from classroom to online modules.

Some of these 14 Institutes/Universities are : Gokhale Institute of Politics & Economics (GIPE), Pune, Bharati Vidyapeeth Deemed University (BVDU), Pune, Guru Gobind Singh Indraprastha University, Delhi, Ravenshaw University of Cuttack and Punjabi University, Patiala. They will offer MBA and BBA courses.

As per the reports, NSE has conducted somewhere around 59 awareness programs in different locations of Central India in the present financial year. Approximately 6000 candidates participated in the awareness programs. The programs were held in Gujarat, Madhya Pradesh and Chhattisgarh.

The officials were of the view that “during the programme, the investors were advised on the steps they should take to ensure that their interests are protected. They were taught to trade cautiously, not to get misled by market rumors and invest according to an investment plan. Investors were also educated on the precautions to be taken before, during and after trading.”

Discussions based on checking contract notes issued by brokers to investors, how to make sure that only authorized trades have been executed by a SEBI (Securities & Exchange Board of India) registered broker, were also held. Further the investors were also told about mandatory documents to be executed between investor and member broker. Further one more suggestion was given on the need for investors to see the risk disclosure documents for safe investing.

IPS Academy has already begun the batch comprising of 500 students, who will be opting for NSE Certified Capital Market Professional (NCCMP) examination. The course features theory, practical and project work. NCCMP is a short term course spread over 3 to 4 months was launched by NSE in the year 2009. In NCCMP subjects covered include equity markets, debt markets, derivatives, macroeconomics, technical analysis and fundamental analysis. On successful completion of the course, candidates are awarded joint certification from NSE and concerned institute.

Online examinations are also conducted by NSE for which certificate are awarded, under its Certification in Financial Markets (NCFM) programmes. Certificate courses are available in 46 modules, which cover several sectors of financial and capital markets, both at beginner and advanced levels.

Also read about National Financial Literacy Assessment Test 2015

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