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Wednesday, December 11, 2013

Reliance MF tries to catch them young

Plans ten-state student outreach program
Reliance Mutual Fund is trying to catch them as young as possible. The asset management company has launched a series of investor awareness programmes designed to help students to manage their money and ‘start investing early,’ according to a statement from the fund house. Reliance is planning to reach out to 25,000 students through the initiative, through programmes in 200 colleges across ten states. Sundeep Sikka, chief executive officer at Reliance Capital Asset Management (RCAM) said that the move is an attempt to acquaint them with the principles of investing.

“We would be holding these programmes in batches across various regions and plan to reach out to over 25,000 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 (Systematic Investment Plans), benefits of starting investing early, savings and investment options available for students and young professionals, and various avenues of investment available today,” said Sikka.

Some students would get internships and the chance to become certified financial advisors. “We are planning to support the students by handholding them to get them duly certified. Further, deserving students will also be provided internship with RCAM that will give them a real-time perspective of working on the ground with the largest asset managers in the country,” said Sikka. 

Source: BS
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