PCTEians have created a mutual fund-an exercise first of its kind taken up by any management institutes in INDIA. All the students have pooled in Rs.1000 each and have formed a mutual fund under SWAP (Students Welfare Association of PCTE). SWAP is a society of students, duly registered with the Registrar of societies and firms. SWAP manages all the affairs of the mutual fund and it’s organized in three functional groups i.e. Investment, Accounts, and Database tracking group, with six students’ executives and faculty members in each functional group. A portfolio of scripts is planned and managed by SWAP.
Elected student representatives are the members of the executives of committee of SWAP, who are responsible for all decisions regarding buying and selling of scrip. Students themselves manage all the financial activities like bank accounts, financial decisions, D-Mat account etc.
Objectives of the exercise are to impart practical training about financial management. The students take decisions regarding money matters and book losses or profits for the organization managed by them.
Any profits earned by SWAP go to the student welfare activities like organizational tours, dance parties and functions. On the other hand losses, if any, are borne by the college. The money contributed by the student is returned to them at the time of passing out. This exercise has been highly appreciated and the media of the region has given it due coverage in various newspaper columns.
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