Niveshak, the finance and investment club of Indian Institute of Management, Shillong, (IIM Shillong) has completed the first round of funding for their student-run investment fund, Niveshak Investment Fund (NIF).
The diversified equity portfolio aims for growth through a focused and optimally diversified portfolio strategy.
The fund’s primary objective 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.
NIF will open doors for students to be investors and get involved in learning more about the practical aspects of the stock market, stated a press release on December 26.
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.
The presence of faculty members and students graced the Niveshak Investment Fund launch. During the fund launch, Sharad Nath Bhattacharya, IIM Shillong, said: “I have a vision that this fund will grow to have different branches- social ventures and different kinds of theme-based investments, which can possibly prompt more students to contribute to the fund and make it more inclusive, along with providing them an avenue to apply their classroom learnings.”
Niveshak Investment Fund raised Rs 12.5+ lakh in the first round of fund collection with 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.
