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The National Stock Exchange of India (NSE) has launched a new education drive in central India with an aim to promote financial market education, awareness and literacy in central India. The exchange has signed a memorandum of understanding (MoU) with IPS Academy, a large educational institution from Madhya Pradesh. Besides the IPS Academy, NSE has already tied up with 14 institutes in central India with courses ranging from classroom to online modules.

IPS Academy has started with a batch of 500 students, who will be opting for the NSE Certified Capital Market Professional (NCCMP) examination. The course consists of theory, practical and project work. NSE has conducted 59 awareness programmes in different parts of central India in the first six months of the current financial year, with around 6,000 participants.

In these programmes - spread over the states of Madhya Pradesh, Chhattisgarh and Gujarat - investors were advised on the steps they should take to ensure that their interests are protected. They were taught to trade cautiously, not to get misled by market rumours and invest according to an investment plan. Investors were also educated on the precautions to be taken before, during and after trading.

The programmes included a discussion on checking contract notes issued by brokers to investors, to verify whether only authorised trades have been executed by a Sebi (Securities & Exchange Board of India) registered broker. They were advised on the mandatory and voluntary documents that should be executed between the investor and the member broker, and on the need for investors to see the risk disclosure documents for safe investing.