ICICIdirect Centre for Financial Learning (ICFL) launches StockMIND Season 4
ICICIdirect Centre for Financial Learning (ICFL) today announced the launch of StockMIND- Season 4, India’s biggest virtual stock market competition for college students.
Mumbai: ICICIdirect Centre for Financial Learning (ICFL) today announced the launch of StockMIND- Season 4, India’s biggest virtual stock market competition for college students.
StockMind - Season 3 saw over one lakh plus participants from over 620 colleges which included many of the premium management, graduate and engineering Colleges from across the country. StockMIND Season 3 also penetrated in smaller towns and around 60% student participation came from over sixty tier 2 and tier 3 cities across India.
StockMIND Season 4 is launched with a range of new features. Since the objective of the game is to help students understand the equity markets, the whole competition will be played with virtual money on a proprietary platform developed by ICFL called Virtual Stocks. Each participant has the opportunity to invest Rs 15 lakh of virtual money on the Virtual Stocks platform.
This year the winner from every college will participate in the national round and the winner of national round will bag the Grand Prize of Rs 1 lakh. The first runner-up and second runner-up would receive a cash prize of Rs 50,000 and Rs 25000/- respectively. Besides the cash prizes, scholarships and other exciting prizes are also planned.
StockMIND will be held in two stages - post graduate students will participate in StockMIND, the graduate students will participate in StockMIND Grads. The college of the national winner for both the categories will receive a rolling trophy.
StockMIND Season 4 has many exciting activities for everyone. The newly added section on personal money management teaches students the basics of money management through an interesting learning section. For those who seek the thrill of learning and trading derivatives, this year StockMIND also provides an opportunity to trade in derivatives apart from equity by participating in the optional derivative accelerator. The winner of the derivative round from each college gets a wild card entry into finale.
To encourage participation from female students, there are special rewards for women at every stage and also the winner in the female category gets a cash prize of Rs 5000/- in the national round.
On the occasion, Mr. Neeraj Joshi, Head – ICFL, ICICI Securities Ltd said “ICFL strives to provide easy access to quality financial education across India through innovative means. For us, StockMIND is an important endeavor to build the necessary skills required to invest in the equity market. We hope that the new model of StockMIND Season 4 would make the game more exciting, increase women participation and help us reach out to more students in smaller cities and towns.”