Kotak Securities collaborates with NISM for its CSR Project on Education & Livelihood; Launches “Kona Kona Shiksha” to promote Financial Literacy among Young Indians
Kotak Securities collaborates with NISM for its CSR Project on Education & Livelihood;
Launches “Kona Kona Shiksha” to promote Financial Literacy among Young Indians
Mumbai, 29th July, 2021: Kotak Securities Limited (KSL) today announced that it has collaborated with National Institute of Securities Markets (NISM) for its CSR Project on Education & Livelihood to launch “Kona Kona Shiksha” – a CSR initiative to promote financial literacy among the young citizens of the country.
NISM – KSL’s CSR knowledge partner and project manager, will implement “Kona Kona Shiksha” through empaneled Resource Persons to train students at colleges across India and online teaching modules to young Indians (Kona Kona). Each student will undergo a rigorous 10-hour training module, which will conclude with an online assessment and certification by NISM.
“Kona Kona Shiksha” will empower students with knowledge on personal finance, fundamentals of investing in securities markets, investment principles and practices, etc. The aim of KSL’s CSR Project is to create financially knowledgeable and skilled youth and to open-up career opportunities in the financial services industry.
Mr. S. K. Mohanty, Whole-time Member, SEBI & Director NISM said, “Kona Kona Shiksha” is a pioneering CSR initiative by Kotak Securities that is sure to yield rich dividends as we empower young students with the right financial knowledge and additional skill sets. It will provide a good foundation for those who aspire to build a career in the financial services and securities markets.”
Mr. Narayan SA, Chairman, Kotak Securities said, “The youth of India as they qualify and get ready to fulfil their dreams and aspirations, it is important that they are finance-ready. “Kona Kona Shiksha”, our CSR initiative, is a step towards this cause. We have partnered with NISM to design and implement a comprehensive Finance “Shiksha” module to be rolled out at colleges in the “Kona Kona” of the country with the objective of making the youth of India truly finance-ready.”
Mr. Jaideep Hansraj, MD & CEO, Kotak Securities said, “We are excited to partner NISM in promoting financial literacy among the youth of our country. In the long-term, this initiative will help us create a more robust financial ecosystem. A knowledgeable and skilled young India will build a promising economy for the future.”
Dr. V. R. Narasimhan, Dean & Professor of Practice, NISM said, “NISM is happy to be associated with this noble cause of equipping young citizens of our country with effective operational knowledge relating to the securities markets. What this project does is leverages the knowledge and expertise resting with so many well-qualified and highly experienced trainers and academicians and transfers the knowledge to classrooms located far and wide across our country. We are seeing an enthusiastic response from colleges and NISM is confident that it can deliver around 600 programmes during this academic year.”
In addition to “Kona Kona Shiksha”, Kotak Securities’ implements its CSR Project on Education & Livelihood with partner organization such as Kotak Education Foundation (KEF) and Pratham Education Foundation.
About Kotak Securities Limited
Kotak Securities Limited (KSL), a subsidiary of Kotak Mahindra Bank, is one of India’s largest full-service stock broking firms catering to retail and institutional investors across all segments of the capital market. Through a tie-up with partner brokers, the company also provides direct access to the US markets. Supported by a strong research team, robust digital trading platform, large branch network & franchisee base, and referral coordinators spread across Kona Kona of India, KSL processes lakhs of secondary market trades every day. As on 30th June 2021, KSL has a national footprint of 152 branches, 1510 franchisees and satellite offices across 360 cities in India serving 23 lakh client base. KSL provides a wide array of services including investment options in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers margin trade funding, depository services and third-party products like insurance.
The National Institute of Securities Markets (NISM) is an education initiative of Securities and Exchange Board of India established in 2006 as a public trust. NISM carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets. A comprehensive view about NISM, its Board of Governors, Academic Council, its activities, etc., can be found at: www.nism.ac.in
For more information, please visit the company’s website at https://www.kotaksecurities.com