National Stock Exchange of India (NSE) Investor Protection Fund Trust (NSE IPFT) and Indian Institute of Management Bangalore (IIMB) have jointly developed and launched Platform for Investor Education (PIE), an online investor education resource centre.
The PIE was launched in a virtual meet attended by Mr. Nagendraa Parakh, Executive Director of SEBI, Mr. Vikram Limaye MD & CEO of NSE and Professor Rishikesha T Krishnan, Director of IIM Bangalore.
Platform for Investor Education (PIE):
i.PIE will serve as a unique platform to impart investor education in a simpler way through video, audio and other digital media formats.
ii.The platform would consist of four learning modules comprising videos, audios, podcasts, deep-dives and blog posts.
iii.It will present the content using Animation and Data Visualization Technology to actively engage the potential investors.
iv.The platform will provide an option to access the audio content in multiple languages to cater to a larger set of audience.
v.The entire content has been developed with involvement from top not experts in the field and experienced faculty making the content relevant to the entire spectrum of investors from potential first time investors to experienced investors.
About National Stock Exchange of India (NSE):
i.National Stock Exchange of India Ltd. (NSE) is the world’s largest derivatives exchange by trading volume as per the statistics published by Futures Industry Association (FIA) for 2019.
ii.It is ranked 3rd in the world in the cash equities segment by number of trades as per the statistics published by the World Federation of Exchanges (WFE).
iii.NSE 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.
About NSE IPFT:
i.NSE IPFT was set up under section 370 of the Companies Act, with the objective of creating and managing a fund to be used for promoting investor education,awareness and undertaking research activities related to securities market.
Recent Related News:
i.On May 18, 2020 BSE ( formerly known as The Bombay Stock Exchange )and National Stock Exchange(NSE) announced that they will reduce the annual listing fee by 25% for Small and Medium Enterprises(SMEs) companies.
ii.On May 08, 2020, Union Minister for Finance Nirmala Sitaraman launched INR-USD (Rupee-Dollar) Futures and Options contracts on two international exchanges namely BSE’s India INX and NSE’s NSE-IFSC at the International Financial Services Center (IFSC) of Gujarat International Finance Tec-City (GIFT City) in Gandhinagar
Managing Director & Chief Executive Officer – Mr. Vikram Limaye
Headquarters – Mumbai.