NSE Academy Limited (NAL), a wholly owned subsidiary of National Stock Exchange of India Limited (NSE), and Knowledge@Wharton (K@W), the online journal of research and business analysis of the Wharton School of the University of Pennsylvania, collaborated for the first time on the Knowledge@Wharton High School (KWHS) Investment Competition, a 12-week challenge during which high school students from around the world get a hands-on introduction to the world of investing. Students competed in teams to create unique investment strategies for a potential client, place online trades through Wharton’s Online Trading and Investment Simulator, learnt new investing concepts, and learnt to think critically and creatively. NSE Academy and KWHS partnered specifically on Region 2 of the competition, which involved students from Southern, Southeastern and Western Asia. On Saturday, February 23, the top 12 teams from Region 2 – all from India-based high schools spent a full day at National Stock Exchange in Mumbai for the big Finale event and got a chance to present their team strategies and new investing knowledge to a panel of six professional judges. The judges included Pankaj Dinodia of Dinodia Capital Advisors, Kisha Gupta of Infosys, Vivek Kulkarni of Brickwork Ratings, Rajat Kumar of ABP Digital, Rajesh Sehgal of Equanimity Investments, and Yatrik Vin of National Stock Exchange of India Limited.
Dr. Biswajit Saha, Director (Skill Education & Training), Central Board of Secondary Education, was the Chief Guest for the occasion.
The finalist student teams hailed from schools throughout India, including Podar International School in Mumbai, Greenwood High International School in Bangalore, DAV Model School in Durgapur, SVKM in Mumbai, Amity International School in Noida (2 teams), and The PSBB Millennium School in Chennai, Sushila Birla Girl’s School in Kolkata, Amity International School in Gurugram, Jayshree Periwal International School in Jaipur, The Doon School in Dehradun and Amity International School in Ghaziabad.
The KWHS global investment competition has held regional finals in India for four years, with participation by high schools around the country. As a result of the new KWHS-NSE partnership, the number of Region 2 teams submitting final reports for evaluation at the end of the competition increased from 72 last year to 252 this year, with a much broader representation of schools from Tier 2 and Tier 3 cities in India.
Following the day of presentations, judges selected the top three teams Filter Coffee Investments (Amity International School from Noida), Scion Capital (Jayshree Periwal International from Jaipur) and Olympians (Amity International School from Ghaziabad) which will advance to the Global Finale at Wharton in Philadelphia, on May 3 and 4, 2019. The winning teams also received trophies, as well as financial prizes from Brickwork Ratings, a competition sponsor.
The KWHS Investment Competition Region 2 Finale held at NSE is part of a larger partnership between Wharton and National Stock Exchange. NAL, K@W and Wharton Executive Education signed a Memorandum of Understanding (MoU) on August 23, 2018 to create different opportunities for Indian high school students to learn financial knowledge and skills. In addition to the competition collaboration, the new partners are developing an online financial course for students.
Speaking on the occasion, Mr. Vikram Limaye, MD & CEO, NSE said, “NSE has been engaged in promoting financial literacy and skill oriented financial market courses in the country. A step ahead in this direction is the collaboration with Knowledge@Wharton to help educate high school students in India about finance and investment.’
Mr. Serguei Netessine, Vice Dean for Global Initiatives and the Dhirubhai Ambani Professor of Innovation and Entrepreneurship at the Wharton School, said, “The KWHS Investment Competition regional final in Mumbai has been an exciting step in our partnership with National Stock Exchange of India. The competition encourages students in India, as well as many other countries, to put their new financial knowledge into action, guided by teachers and mentors. They illustrate what can be achieved when partners collaborate on a shared mission of financial literacy and building skills to empower the next generation of global leaders.”
About NSE Academy Limited:
NSE Academy Limited is a wholly owned subsidiary of National Stock Exchange of India Limited (NSE). NSE Academy promotes financial literacy as a necessary life skill. NSE Academy’s initiatives, including partnerships with state and national school boards and schools, interactive courses on personal finance and certification programs, teach school children, homemakers and other non-finance professionals the value of investing, provide an introduction to the Indian capital markets and help to develop new market professionals.
About The Wharton School of the University of Pennsylvania:
Founded in 1881 as the first collegiate business school, the Wharton School of the University of Pennsylvania is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. With a broad global community and one of the most published business school faculties, Wharton creates economic and social value around the world. The School has 5,000 undergraduate, MBA, executive MBA and doctoral students; more than 9,000 participants in executive education programs annually; and a powerful alumni network of 98,000 graduates.
About Knowledge@Wharton and K@W High School:
Knowledge@Wharton (K@W) is the online research and business analysis journal of the Wharton School of the University of Pennsylvania. Launched in 1999, K@W is published in English, Spanish, Portuguese and Chinese and has evolved into a network that reaches some 3 million users worldwide.
K@W High School (KWHS), part of the K@W network, is an online portal for high school students and educators (kwhs.wharton.upenn.edu). In addition to publishing articles and lesson plans related to business, finance, leadership and entrepreneurship, KWHS helps nurture financial literacy and 21st century skills through initiatives like the global KWHS Investment Competition.
About National Stock Exchange of India Limited (NSE):
National Stock Exchange of India Ltd. (NSE) is the leading stock exchange in India and the second largest in the world by nos. of trades in equity shares from January to December 2018, according to World Federation of Exchanges (WFE) report. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully-integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading and clearing members with the rules and regulations of the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE believes that the scale and breadth of its products and services, sustained leadership positions across multiple asset classes in India and globally enable it to be highly reactive to market demands and changes and deliver innovation in both trading and non-trading businesses to provide high-quality data and services to market participants and clients.
For more information, please visit: www.nseindia.com
