Click to play videoMumbai: K Pradeep and Siddarth Dugar are in their 20 and the they are students of S P Jain Institute of Management in Mumbai.
They are also India's youngest fund managers, investing their friends' money in the stock and derivatives markets.
“It is basically like a normal mutual fund looking at other aspects,” says Siddarth.
Several business schools like MDI Gurgaon, IIM Lucknow and IIM Kolkata also have student-managed funds.
The funds are thriving and the students are thrilled. Even though they lost 20 per cent of their investment when the markets tanked, they offset their losses in good times.
MDI investors got 50 per cent returns, and those at SP Jain got about 44 per cent returns in the past year.
“ I had invested around Rs 3,000 and got around Rs 4,300. I am excited at watching my money grow,” says another student investor, S P Jain Institute.
Fund management has become a lucrative career option for a lot of students passing of these business schools.
And to start taking investment decisions while still in college through such models, helps them get started early on a right foot.
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