Tata Mutual Fund announced the launch of an inter-collegiate quiz competition called ‘Simply FQ’ as a part of its investor awareness program. The competition will be held in Mumbai, Delhi, Kolkata, Bangalore, Coimbatore, Indore, Mangalore and Patna. The Mumbai round will be on 27th September at St. Andrews College in Bandra.
The quiz will be hosted by team Quizbrain led by Giri “Pickbrain” and LloydSaldanha. The semi-finals and finals of the Simply Finance Quiz will be telecast on a leading news television channel in October.
The winner will receive prize money of Rs. 3 lakh, runner-up of Rs.1.50 lakh and second runner-up of Rs. 75,000. Regional round winners receive Rs. 50,000 and runners-up receive Rs. 25,000. The online property,www.simplyfq.com too offers weekly prizes and content.
Announcing this at a press meet, Arvind Sethi, MD & CEO said, “Understanding how to invest is a nation building skill and through this quiz you will find a thrilling and participative way to learn and share. ” He added, “ A person is well poised to take on the challenges of the world only when IQ and EQ meet FQ – Financial Quotient. We believe that if the financial sector has to grow, then people need to be educated about finance. Our single minded focus has always been to make people appreciate the significance of finance in their lives and how they can personally benefit from financial education.”
In addition to this quiz, Tata Mutual Fund is targeting to reach out to 15000 investors across India. It has adopted five districts under AMFI’s District Adoption Program initiative. “We are also trying to educate distributors who in turn will educate their investors,” Arvind Sethi told reporters.
Tata AMC currently has Rs 4 crore (based on its Rs 20883 crore AUM) at its disposal to spend on SEBI mandated investor awareness initiative. Together, the industry will invest Rs 150 crore on investor awareness initiatives.
