Masters’ Union School of Business sets up India’s largest student-managed investment fund (SMIF) with a Rs 5 Crore corpus
New Delhi: Masters’ Union School of Business today announced the launch of The Masters’ Union Investment Fund, India’s largest student-managed investment fund (SMIF). The investment fund has a corpus of Rs 5 crore and will invest in real estate, capital markets, derivatives, stressed assets and startups. This idea behind a student-managed fund is to instill portfolio management skills in students as a part of the program and offer them real time exposure to different asset classes. The student fund-managers will be mentored by veterans from the industry who are teaching at Masters’ Union. Some Finance Masters include Satish Krishnan (Former MD, Financial Markets, Standard Chartered Bank), Siddhartha Rastogi (MD, Ambit Capital, Asset Management), Ajay Jamuar (Head, Finance, Deutsche Bank), Rahul Parikh (Former Chief Executive Officer at Bajaj Capital Ltd)
Student fund-managers will have the flexibility to invest the corpus of Rs. 5 crores over the next 16 months of their course. The investment thesis of the fund will be decided by the students in consultation with the Masters. The profits generated from the fund will be divided amongst the students and the Masters. Depending upon the results, the students will have the opportunity to raise additional capital from investors and philanthropists under the guidance of their Masters. The students will begin investing from November 2020, after their first trimester. The entire batch of 120 will be divided into 5 teams namely Debt Fund, Equities and Stock Fund, Futures and Options Hedge Fund, Startup Fund and Real Estate Investment Fund. 40% of the fund will be allocated to capital markets (Debt, Equities, Futures), 30% to real estate and the remaining 30% to startups.
Masters’ Union School of Business is a CXO led B School with a sharp focus on technology to create the next-gen business professionals for the digital economy. Based in Gurugram, the B School counts amongst its masters eminent industry veterans like Arun Maira (Former Chairman, Boston Consulting Group), Mukund Rajan (Former MD, Tata Teleservices Limited, Karthik Ramanna (Director, University of Oxford), Narendra Jadhav (Member of Parliament, Rajya Sabha and Former Chief Economist, RBI), Tathagata Dasgupta (Chief Data Officer, Saatchi & Saatchi) and Bhaskar Chakravorti (Former Professor, Harvard Business School and Former Partner, McKinsey & Company).
Pratham Mittal, Project Director, Masters’ Union School of Business, said, “Masters’ Union stands for hands-on, industry-relevant learning. The Masters’ Union Investment Fund is setup in alignment with our core value. With this, students will get a real-time experience of running a mini hedge-fund and the ups and down that accompany it. Apart from being a source of invaluable learning, it will also be a great addition to their CVs.”