PCTE ACTIVITY GETS PUBLISHED IN 

LIMCA BOOK OF RECORDS 2005

Ludhiana, 13 Sep 2005: The Punjab College of Technical Education (PCTE) has become first B-School of India to get its unique activity published in LIMCA BOOK OF RECORDS edition 2005 – a book known for highlighting unique performances and performers. The institute launched this unique students mutual fund activity in year 2000 through SWAP (Student Welfare Association of PCTE). This one-of-a-kind program has enabled the students to know the intricacies of stock market by investing money into it. 

PCTE applied for a inclusion of this activity in the book in year 2002 and this exercise went through rigorous inspection process by the authorities.  Finally, PCTE got confirmation of acceptance in year 2004 and got this activity published in the current edition of LIMCA book.

Under this activity, every student member is required to contribute Rs. 1000/= towards SWAP fund.  The collected money is invested in the various stock options through students only. The students hold meetings with other members when the decision of investment has to be taken and also maintain the records of the transactions made in a year. At the end of year, the profits generated by the mutual fund are received.  The institute bears the losses, if occur.  When the student member leaves the institute after completion of his degree, he gets his Rs. 1000/- back but carries the live experience of stock market along with being a member of this activity.

While congratulating the students and staff members, Dr. K.N.S.Kang, Director, PCTE said, “Since this activity has helped the students gaining practical knowledge about the stock market and make them self reliant financially, it will help producing trained visionary professionals and investment advisors in business community”.  Dr. Kang extended his wishes to current SWAP members and alumni members as well for this unique effort and achievement.

Dr. Kang also informed that PCTE started this exercise on trial basis in year 1999 through Portfolio Management Game in which every participating team was given Rs.1 crore hypothetically and mock stock exchange was created in PCTE campus only to take care of investment deals.  The records were maintained and after six months the winners were announced on the basis of generation of profits.  This activity was also managed by the students at that time.

For more information about the activity or institute, log on to www.pcteludhiana.org or mail your queries at info@pcteludhiana.org