With an aim to initiate the financial market education, awareness and literacy in the central part of the country, the National Stock Exchange of India (NSE) has signed an MoU with IPS Academy and launched a new education drive in Madhya Pradesh.
IPS is a large educational institution in the state of MP, and besides the Academy, the NSE has already tied up with 14 institutes in central India with courses ranging from classroom to online modules. IPS has started with a batch of 500 students, who will be opting for the NSE Certified Capital Market Professional (NCCMP) examination. The course consists of theory, practical and project work.
NSE has conducted 59 awareness programmes in different parts of central India in the first six months of the current financial year, with around 6,000 participants.
In these programmes – spread over the states of Madhya Pradesh, Chhattisgarh and Gujarat – investors were advised on the steps they should take to ensure that their interests are protected. They were taught to trade cautiously, and not get misled by market rumours and invest according to an investment plan. The investors were also educated on the precautions to be taken before, during and after trading.
The programmes included a discussion on checking contract notes issued by brokers to investors, to verify whether only authorised trades have been executed by a Sebi (Securities & Exchange Board of India) registered broker and the mandatory and voluntary documents should be executed between the investor and the member broker, and on the need for investors to see the risk disclosure documents for safe investing.