Education

Meet the winners of first Youth Money Olympiad

Our Bureau Mumbai | Updated on January 24, 2018 Published on July 07, 2015
Winners of the first edition of Youth Money Olympiad

Winners of the first edition of Youth Money Olympiad

The Youth Money Olympiad (YMO) is a national level competition open to college level students. Its overriding aim is to help students evaluate their personal finance awareness versus their peers. The winners of the 1st edition of Youth Money Olympiad were honoured by Principal Mutual Funds and Money Wizards at a function in Mumbai recently.

Rolled out country wide in July last year, the first edition had the YMO reaching out to more than 7,700 students across 75 colleges, from 41 cities in India.

The students were assessed on the basis of a personal finance IQ test conducted first at the college level, and then at a national level. The participants were given exhaustive personal assessment reports and were provided with educational material to help them understand personal finance issues.

Ranjai Banerji from IIM Calcutta bagged the first prize, while the second spot was shared by students from IIM Kozhikode and IIM Ahmedabad and IIM Ranchi, followed by a student from Ethiraj College for Women at the third position.

The two companies involved in the YMO are Money Wizards, which focuses on providing user friendly financial literacy to all those who need it, and Principal Mutual Funds, one of the top performing mutual fund companies in India.

According to Lalit Vij, Managing Director, Principal Pnb Asset Management, the YMO has turned out to be India’s largest personal finance education initiative for college students. "Our aim was to inculcate financial literacy amongst the youth, which will help them take informed financial decisions once they start earning," he said.

Adding that YMO is the first step in that direction, he said the organisation has much bigger plans for the 2nd edition, with a target of reaching 150 colleges across the country.

Over the next few years, YMO aims to achieve its objective of financial literacy for students by extending the programme to Tier II and Tier III towns and cities as well.

Venkatesh Varadachari, co-founder and Managing Director, Money Wizards said that a lack of formal financial education in schools had led the duo to conceptualise and design the initiative. The Youth Money Olympiad has helped educate students about the importance of understanding and managing their personal finances.

The 2nd edition of YMO includes added focus centres, an online version for the campus level test, direct online participation outside campus, and inclusion of corporate freshers in addition to students. The 2nd edition aims to reach about 15,000 participants and about 150 plus colleges across various centres.

Published on July 07, 2015

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.