Orientation on Stock Mind 5 Quest for the Best Budding Investor

ICICI Direct Centre for Financial Learning (ICFL), an initiative of ICICI Securities Ltd was set up with the objective of simplifying financial knowledge and increasing financial literacy. It also believes in searching for and rewarding the best young financial minds across the country.
Ms Suniti Varma, Zonal Marketing Manager-South, ICICI Securities presented before the III year BBA & BCom students Stock Mind 5-their annual, nationwide virtual stock market competition on 17th Feb’17 on the Ground floor seminar hall.
The students were told -how to register, competition rules, qualifying criteria for winner, information on college and national round, general rules rewards and recognition.

Stock Mind 5‘s real –world trading environment helps one to sharpen the analytical , decision making and quick thinking skills. The participants compete for the title ‘Best Budding Investor ‘not just within college, but at national level too!
The first step required students to register for India’s biggest stock market challenge. In the college round the students had to compete with each other to qualify for the national round.
The rules for the competition were as follows:
• The competition was active for 7 trading days [20th Feb’17 to 26th Feb’17] during the market hours [9:15am -3:30 pm] when both the NSE and BSE were open for trading.
• At the start of the contest, 15 lakh rupees were allocated to each participant. The participant with the highest Net Worth [cash in hand +value of stocks held at the end of the 7 trading days would be the winner.
• Cash and margin segments would be enabled for that contest
• Participants may execute intraday (margin) as well as buy and hold stocks.

The qualifying criteria for the college winners were as follows:
• The minimum presence required was in 5 stocks (shares of 5 different companies)
• The minimum number of trades required to qualify for the competition was 10.
• Participants would be allowed to trade only in the top 100 NSE stocks and top 100 BSE stocks.
• Participants must restrict their trading turnover to less than or equal to 3 crore rupees.(includes shares bought and sold on the same day,/ shares sold on the current day which were purchased on some other trading day)
• One error in terms of higher turnover from participants was allowed. However, maximum excess turnover should not be more than 50 lakh rupees.

Venkat Sharma, a VI Sem BBM student won the college round and qualified for the national round. He will undergo a program - Advanced Certification in Financial Markets. This is a joint certification awarded from NISM [from a SEBI –promoted educational institution] and ICFL [an educational initiative of ICICI Securities Ltd].