In an effort to help young Indians build wealth, 5Paisa.com, has launched the country’s largest free online school on investment, reaching over 1 million users at its launch. The new initiative– 5P School — is available both on its website 5Paisa.com and 5Paisa Mobile App.
As per 5paisa.com research on investment aspirations of young Indians in over 1000 cities, the new millennial is not interested in putting their money in low return fixed deposit, real estate or in gold. They are looking at active ways to make sure that their savings are not only protected from inflation but also give them enough to meet their goals such as retirement, a rainy day such as illness, marriages etc.
There are many examples where people have chosen wrong stocks or have been lured by financial quacks. People lose their money while investing through tricksters or fly-by-night operators. There are many investors who start investing in F&O because they are advised by brokers who earn more brokerage through such trades. Gullible customers don’t know that this kind of leveraged trade can wipe-out their capital completely.
“This is why we have conceived 5P School. To educate the young Indians about key investment principles and making them aware about the products available in the market that can build their wealth faster,” said Prakarsh Gagdani, CEO, 5Paisa.com.
The course work includes investment concepts like:
- Mutual funds
- Systematic investment plans
- Technical analysis
- Fundamental research among others.
5Paisa.com believes, while the investment on education training may not immediately result in business or new clients, but this is an initiative to build the brand and also widen the base of the investing community.