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Now, with every new Investothon that the National Stock Exchange (NSE) organises in different cities, the crowd is swelling and the importance of the run for a healthy market outlook and safe investing, is growing.
On February 5, 2012, NSE and the CNBC TV18 Group kicked off the first Investothon at Chennai, considered as the Detroit of India, for its growth in the auto sector.
The run for investors began near Mahatama Gandhi statue on the Marina beach early morning. Thousands of people joined the run: market participants, member-brokers, dealers, investors, corporates and investor associations. The early morning strollers on the beach also joined in enthusiastically.
‘Investothon 2012’ comprised three races, differentiated based on the distance, name and colour. The first, a 1 km race, was represented by red colour, denoting ‘power’. The second race, a distance of 3 km, was represented by yellow, denoting ‘health’, and the final lap of the symbolic run of 4 km, represented by green, denoting ‘wealth’.
Modelled on the lines of the famous marathons in Singapore, Hong Kong and Nairobi, the NSE Investothon has already covered Mumbai, Ahmedabad and Delhi and is expected to travel to the smaller cities in the next phase.
The unique run was flagged off by Chennai Mayor Saidai Duraisamy.
Joint managing director of NSE Chitra Ramkrishna, who has been present for all the Investothons, said, “Tamil Nadu is known for its economic growth and entrepreneurial spirit. We would like to partner with different stakeholders: entrepreneurs who wish to raise capital and investors who want to create wealth, to help them realise their dreams, by channeling their savings in productive assets.’’
NSE has a unique initiative with nearly 200 schools, in Tamil Nadu, to run courses for students of class 8 and 11 on business fundamentals, money management and financial markets. In 2010- 11, 32,000 students have successfully completed these courses.
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