The fund house will also create awareness about the attractiveness of financial advisory as a career among students.
Reliance Mutual Fund announced the launch of its investor awareness program (IAP) for students across India, said a release from the fund house.
The program is exclusively designed for students in colleges and educational institutes. The initiative aims to educate youth about savings and investments.
“Our education system primarily focuses on developing students for getting employment, working with good companies and earning. We believe there is a big gap that does not educate students about various investment avenues and promote financial advisory as a career option. Our IAP initiative is aimed at bridging this gap,” said Sundeep Sikka, CEO, Reliance Mutual Fund.
The fund house targets to reach out to over 25,000 students in the first phase through these IAPs. The program will be conducted across 200 colleges and educational institutes across metros, Tier-I and Tier-II in 10 states within the next one year.
“We would be holding these programs in batches across various regions and plan to reach out to over 25000 students in the first year across ten states itself. The intention would be to give equal emphasis on the importance of investing, as is given to earning, and educate them about the concepts of SIPs, benefits of starting investing early, savings and investment options available for students and young professionals, and various avenues of investment available today” added Sundeep.
As a part of this program, RCAM will provide three-day training to aspiring students choosing to become financial advisors. Qualifying students will be also be helped by the company to appear and get the National Institute of Securities Markets (NISM-VA) certification.
The program will also provide deserving students an opportunity to undergo a one-month internship with Reliance Mutual Fund.
“We are planning to support the student by handholding them to get duly certified. Further, deserving students will also be provided internship with RCAM that will give them real-time perspective of working on the ground with the largest asset managers in the country”, said Sundeep.
RCAM has conducted more than 10,000 IAPs since 2010 covering 2 lakh individuals. Over 80% of these programs were conducted in B-15 cities, covering nearly 1.7 lakh individuals.
