Student-managed investment funds (SMIFs) in India: the perspectives of student fund managers

Title

Student-managed investment funds (SMIFs) in India: the perspectives of student fund managers

Creator

Joseph A.M.; Jose J.; Iyer A.S.

Description

Purpose: This paper aims to explore how the student fund managers perceive the benefits of being part of the fund. Furthermore, this paper examines the country-specific challenges of setting up and managing a student-managed investment fund (SMIF) in India. Design/methodology/approach: Qualitative content analysis technique is used to identify, compare and retrieve critical themes about the present state of SMIF clubs in India. The data collection method involved structured, in-depth online interviews with ten student fund managers from various higher educational institutions in India. Findings: Some of the studys key findings indicate that the existence of SMIFs as part of learning facilitates group decision-making and peer learning. Additionally, this study brings to light specific issues related to registration, incorporating real-world practices and integrating SMIF into the academic curriculum. Social implications: The outcomes of this study shall be of use to students and the teaching fraternity across Indian colleges and universities who aspire to set up SMIFs as part of experiential learning. This study will also help existing SMIF clubs in India understand how their counterparts work and can consequently improvise their organizational structure and functioning. Originality/value: To the best of the authors knowledge, this is the first interview-based evaluation of the present structure of SMIFs structured as clubs in India. 2022, Emerald Publishing Limited.

Source

Journal of International Education in Business, Vol-16, No. 1, pp. 18-36.

Date

2023-01-01

Publisher

Emerald Publishing

Subject

Experiential learning; Financial education; Student-managed investment fund

Coverage

Joseph A.M., Department of Commerce, School of Commerce, Finance and Accountancy, CHRIST (Deemed to be University), Bengaluru, India; Jose J., Department of Commerce, School of Commerce, Finance and Accountancy, CHRIST (Deemed to be University), Bengaluru, India; Iyer A.S., Department of Commerce, School of Commerce, Finance and Accountancy, CHRIST (Deemed to be University), Bengaluru, India

Rights

Restricted Access

Relation

ISSN: 2046469X

Format

Online

Language

English

Type

Article

Identifier

https://doi.org/10.1108/JIEB-05-2021-0059

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