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Learning Curve Academy has set an ambitious target of educating 50,000 college students on the basics of investing profitably and that too through its gaming app Finance Gym. In last two-years Learning Curve Academy has conducted 150 programmes in 15 institutions to train over 7,000 students largely from tier-II and -III cities before being put to learn finance in a fun way on Finance Gym, an online gaming program.
Binal Gandhi, CEO, The Learning Curve Academy, said the entire aspect of personal finance has been gamified and students are given a fixed money to create a portfolio with various investment options. Certain real time economic events are created in the game and students have to juggle their money to protect their gains and cover loses, she said.
Financial planning
A financial professional with 20 years of experience, Gandhi had rich experience in Corporate Finance and Mergers and Acquisitions at GE Capital and Wells Fargo. She is also a visiting faculty for Corporate Finance at NMIMS. The program does not just focus on the concepts of money management but also motivates the participants to start handling their finances proactively. For individuals who have financial knowledge, Finance Gym provides a set of financial exercises that increases their financial fitness, with a focus towards lifecycle financial planning.
Though Finance Gym is open for everyone, Learning Curve is currently targeting to work with millennials and women. It has conducted programmes at premier business schools such as SP Jain Institute of Management And Research, Narsee Monjee Institute of Management Studies and Welingkar and other professional colleges like Tata Institute of Social Sciences and Thadomal Shahani Engineering College.
Financial planning is all about having a long-term investment strategy and short-term events should not dictate long-term plans, said Gandhi. With half-baked knowledge most investors are taken for a ride by financial advisors, she said. Most investors panic when the markets fall and follow the herd and start investing when the markets are rising; therefore, they tend to buy high and sell low, said Gandhi.
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