SHILLONG, Dec 27: The Finance and Investment Club of the Indian Institute of Management (IIM) Shillong, Niveshak, has completed the first round of funding for their student-run investment fund called the Niveshak Investment Fund (NIF).
NIF is a diversified equity portfolio that aims for growth through a focused and optimally diversified portfolio strategy, the institute said in a statement issued here.
“The primary objective of NIF is to practice, implement and apply classroom learning and education to build security analysis, portfolio management, and business valuation skills while comprehensively understanding the risks associated with the investment into the capital markets,” it said.
The institute is banking on NIF to open doors for students to be investors and get involved in learning more about the practical aspects of the stock market.
For the students managing the fund, it will be an opportunity to get hands-on experience in fund management and apply the concepts learned during the rigorous MBA programme, it said.
In his address during the launch of the investment fund, Prof. Sharad Nath Bhattacharya, IIM Shillong, said NIF will grow to have different branches, social ventures and different kinds of theme-based investments.
NIF raised a whooping Rs 12.5 lakh in the first round of fund collection with more than 230 investors, crossing a corpus of Rs 14 lakh. For the fund, it is the first time they have raised investments from the vast community of IIM Shillong.
