StockMIND Season 3, India’s biggest Virtual stock market competition for students aimed at educating the youth on investing in the stock markets has seen an overwhelming response in Maharashtra. More than 145 colleges and 20,000 students across Maharashtra have participated in this event. This season of StockMIND has seen participation from the most of the top management and graduation colleges of Maharashtra like NMIMS, Sydenham Institute of Management Studies, K.J Somaiya Institute of Management Studies, SIES, Mithibai College, K.C. College of Commerce etc. Maharashtra’s leg of competition has also drawn huge participation from Pune, Kolhapur and Nagpur where more than 6500 students have participated in StockMIND Season 3.
StockMIND – The quest for the best budding investor was started in 2012 as a nationwide virtual stock trading competition for college students and since then its popularity with colleges and students has grown tremendously. It has now become a yearly National level Inter-college competition to help students hone their financial skill set as well as promote a smart investing habit among youth. StockMIND in its first two seasons has seen participation of more than 1,10,000 students from over 800 colleges across varied disciplines like management, engineering, commerce, science, etc. Bhavesh Bajaj from K.C College of Commerce, Mumbai was adjudged the 2nd runner up for the StockMIND Grads Season II that was held last year.
“Apart from the unparalleled experience of learning practical aspects of stock investing, StockMIND also helps students to inculcate important career skills like critical thinking, decision making, informed risk taking ability and in the process gear up the participating students for the leadership battle in corporate. We have witnessed great participation from colleges and students in Maharashtra and hope that they would have benefitted from participating in the competition.” said Neeraj Joshi, VP and Head – ICICIdirect Centre for Financial Learning.
StockMIND is played on the Virtual Stocks (virtualstocks.icicidirect.com) platform of ICICIdirect. An informative seminar is conducted in every participating college and students receive an overview of the stock markets and an understanding of the basic process of investing in stocks to familiarize them about the exciting world of equities. This is followed by StockMIND, a seven day event, wherein the participants are ranked as per the value of their portfolio. College-level winners are declared based on the highest cumulative portfolio value on the 7th day and these winners participate in the national round and the winner of national round will bag the StockMIND title and Grand Prize of Rs 1 lakh. 1st runner and second runner would receive a cash prize of Rs 50,000 and Rs 25000/- and also other exciting prizes and Scholarships. StockMIND is being done at two levels. While the post graduate students participate in StockMIND, the graduate students participate in StockMIND grads.
