From TOI , INDORE: The volatility of the stock markets may have given turbulent times for many but students of Indian Institute of Management (IIM-I) are fighting to beat the market blues their way. A group of eight IIM-I students are managing the investments and advising members about their investments and course of the stock market.
The club, Voyage Capital, is the group of eight students of current batch and each member of the team masters a specific domain, such as IPOs, Indian politics, global events and crude oil. The club during 2011-12 with a sum of Rs 4.2 lakh and the investors comprising the students of the current batch and alumni has done extraordinarily by giving returns of 6.1% when the market was down by 24% during the same period.
From regularly following industry trends to studying stock price charts, indicators and detailed perusal of company financial statements, the club is leaving no stone unturned in ensuring the best returns. What more, the number of the investors has almost doubled since last year.
"This is the fourth year of the club into the market. Every year, a new group takes over the club and gets the real time experience of investing the funds to get good returns. Members investing with the club have doubled since last year. There are 120 investors in my batch. Overall, we have 160 investors including the alumni," Sivakumar Nandipati, secretary of the Voyage Capital and also a participant at IIM-I. The focus of the team is also to educate others about the stock market and its intricacies.
The team accomplishes this through various events, guest lectures and workshops. Anurag Gupta, another participant of PGP at the institute said, "During annual management fest of the institute, Voyage Capital conducts 'Beat the Market' that allows participants to trade with virtual money while following actual market activities. The team was able to get attractive trading account bulk deals for entire PGP batch recently."