NSE organises Investothon in Mumbai to promote investor awareness, engage with market participants
The Investothon is organized along with the CNBC-TV18 group and has, over the years, taken the shape of a huge movement to galvanise and motivate the investor community to build a healthy capital market.
The run was held at R2 Ground, behind the NSE building, Bandra Kurla Complex, from 7:30 a.m. onwards. There was a 3 km Bull Run; a 6.5 km timed Nifty Run and a 4.5 km Power Run. Prizes were given to a number of trading members including for the most enthusiastic team, most shareholders prize, high fives team and others.
Ms. Chitra Ramkrishna, MD & CEO of NSE flagged off the run. Mr. Keki Mistry, jest CEO, HDFC Ltd, Mr. A. Krishna Kumar, MD and Group Executive , National Banking, State Bank of India, Mr. Bhargav DasGupta, MD & CEO ICICI Lombard General Insurance Company Ltd and Mr. Viren Rasquinha, CEO Olympic Gold Quest and Former Captain of the Indian Hockey Team were among the key guests at the Investothon.
Ms. Chitra said, “NSE takes a number of initiatives to reach out to investors in different parts of the country. The investor run is aimed at strengthening NSE’s efforts to grow the investor base, by joining hands with Members and market participants, to sensitise investors about safe investing and opportunities available in the markets.’’
Today was the 30th investor run, organized by NSE. Since 2011, the Investothon has been organized in many cities like Bangalore, Pune, Bhubaneshwar, Kochi, Ahmedabad, Rajkot, Indore, Vadodara and Jaipur, apart from the metros. More than 53,000 people have participated in the Investothon in the past three years.
The exchange also takes a number of initiatives to protect the interest of investors. Every day lakhs of investors are sent text messages and emails , after the trading hours on the trades they have executed, so that they can verify their trades. In recent months, 25 per cent more investors are being sent this trade related information, to protect their interests.
NSE has also started implementing the tighter guidelines brought by SEBI on disclosures by listed companies . NSE has put in a stronger mechanism , with additional manpower to monitor adequacy and accuracy of such disclosures, to protect the interest of investors.
Currently there are 11 Investor service centres that are being run by NSE in different parts of the country , where investors can register complaints and the time taken for complaint resolution has also been cut down.