GUWAHATI, June 22 � The National Stock Exchange has entered into a partnership with the Nagaland Board of School Education (NBSE) on Wednesday to offer a �Financial Markets Management� course for students of class XI and XII in schools affiliated with the NBSE.
The NBSE has more than 650 affiliated schools. This initiative will help students to become financially aware at a young age, and give them an early understanding of the Indian financial markets. Students from Kohima and other parts of Nagaland can learn about financial planning and help in the growth of the local economy, driven mainly by handicrafts and tourism.
Ravi Varanasi, Chief-Business Development, NSE, said, �It is very important to understand the concept of financial planning from a young age. This initiative will help the students of Nagaland to become aware about the financial markets and plan their future.�
The Financial Markets Management course will commence from the 2014-15 academic session, and will include lessons on various aspects of the financial markets such as stocks, derivatives and mutual funds. As a part of the course, students will have to study four modules from NSE�s Certification in Financial Markets (NCFM) programme. NCFM is an online testing and certification programme run by NSE. It tests the practical knowledge and skills required to operate in the financial markets.
In the first year, the students will have to study the beginner�s module on financial markets and mutual funds, which will provide an introduction to the financial markets. The second year�s syllabus includes the advanced capital market and derivatives market modules. At the end of the course, an NBSE - NSE joint certification will be awarded to the students. NSE will also provide internet-based mock simulation software to the students.
To facilitate the implementation of the new course, NSE and NBSE had organised a five-day workshop in Kohima last week to train teachers on important aspects of the capital market, derivatives market operation, mutual funds and fundamental valuation concepts.
NSE has been a pioneer in promoting financial education among students and even professionals, and has taken several initiatives in the last 20 years to make people more aware about the financial markets.