ICICI Securities Conducts Financial Awareness Drive – Mission Samruddhi

KOCHI:
ICICI Securities, a part of the ICICI Group and a leading investment services firm in India conducted a financial literacy drive ‘Mission Samruddhi’, on International Women’s day aimed at Women working in Naval forces in Kochi and Police forces in Indore to gain financial knowledge.
Since 2000, ICICI Securities through its brand, ‘ICICI Direct’ has been focusing on imparting financial knowledge to Indian investors through various awareness programmes in urban and rural areas of the country. In July 2017, ICICI Direct launched Mission Samruddhi programme which focuses to create financial awareness for the women in defense forces &other allied forces, who are dedicated to serving the nation and also strive to achieve their life goals through the investments. With this knowledge sharing drive, women in defense forces &other allied forces can also plan their investments for their specific goals.
To help address financial awareness across the nation, ICICI Securities has partnered with National Institute of Securities Markets (NISM), a public trust established by the Securities and Exchange Board of India (SEBI) to conduct free seminars on personal finance for the women defense forces & other allied forces below officer ranks.
The seminar conducted by NISM trainers is formulated in a simple way which will assist the participants to understand the concepts of personal finance which will be showcased through various examples and case studies that would help them understand structured finance and investment planning. The seminar would include the following:
1. Understanding the importance of setting financial goals
2. Difference between savings and investments
3. The concept of inflation, compounding interest, Demonetisation and other personal finance concepts
4. Some of the basic financial investment options across asset classes – FDs, MF, SIP, STP,
Insurance – Life & Health, Bonds Postal Life Insurance, PPF, Different types of loans like Vehicle & Home loans, and other government schemes like NPS.
5. Some dos and don’ts while investing – avoid frauds, sharing of PIN, precautions to be taken during digital transactions etc.