Rs 5-crore investment fund launched by Gurugram biz school
New Delhi, April 27 (IANS) Gurugram-based Masters Union School of Business on Monday announced the launch of a student-managed investment fund with a Rs 5-crore corpus.
This idea behind a student-managed “Masters’ Union Investment Fund” is to instill portfolio management skills in students as a part of the program and offer them real time exposure to different asset classes.
The student fund-managers will be mentored by veterans from the industry who are teaching at Masters’ Union.
Some finance experts who will guide the students include Satish Krishnan, Former MD, Financial Markets, Standard Chartered Bank; Siddhartha Rastogi, MD, Ambit Capital, Asset Management; Ajay Jamuar, Head, Finance, Deutsche Bank; and Rahul Parikh, Former Chief Executive Officer at Bajaj Capital Ltd.
The investment will be made in startups, capital markets, derivatives and real estate.
“Masters’ Union stands for hands-on, industry-relevant learning. The Masters’ Union Investment Fund is set up in alignment with our core value,” Pratham Mittal, Project Director, Masters’ Union School of Business, said in a statement.
“With this, students will get a real-time experience of running a mini hedge-fund and the ups and down that accompany it. Apart from being a source of invaluable learning, it will also be a great addition to their Cvs,” Mittal said.
Student fund-managers will have the flexibility to invest the corpus of Rs 5 crore over the next 16 months of their course, said the B-school.
The investment thesis of the fund will be decided by the students in consultation with the teachers and the profits generated from the fund will be divided among the students and the teachers.
Depending upon the results, the students will have the opportunity to raise additional capital from investors and philanthropists under the guidance of their teachers, said the B-school, adding that the students will begin investing from November 2020, after their first trimester.
The entire batch of 120 will be divided into five teams namely Debt Fund, Equities and Stock Fund, Futures and Options Hedge Fund, Startup Fund and Real Estate Investment Fund.
About 40 per cent of the fund will be allocated to capital markets (debt, equities, futures), 30 per cent to real estate and the remaining 30 per cent to startups.
Masters’ Union School of Business is a CXO-led B School with a sharp focus on technology to create the next-gen business professionals for the digital economy.
The B School counts amongst its masters eminent industry veterans like Arun Maira, Former Chairman, Boston Consulting Group; Mukund Rajan; Former MD, Tata Teleservices Limited; Karthik Ramanna, Director, University of Oxford; Narendra Jadhav, Member of Parliament, Rajya Sabha and Former Chief Economist, RBI; Tathagata Dasgupta, Chief Data Officer, Saatchi & Saatchi; and Bhaskar Chakravorti, Former Professor, Harvard Business School and Former Partner, McKinsey & Company.
–IANS
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