Society of Finance (SOFIA)
SOFIA, the Society of Finance at GIM personifies the concept of ‘learning with fun'. SOFIA as a club provides a platform for people from different walks of life like engineering, commerce, bio technology, pharmacy etc. to develop an understanding of the dynamic financial world. The club imparts knowledge on current happenings and encourages insights from all finance enthusiasts across batches. The topics ranging from Capital Markets to Central Banking and Derivatives are explained through various fun-filled events.
The primary aim of SOFIA besides imparting knowledge to its members is also to give the student fraternity an understanding of the Industry of finance, i.e., the scope and opportunities available in the field of finance and directing their efforts in terms of preparation to achieve the same.
The major activities of SOFIA include:
- SOFIA times: a weekly newsletter for GIM students. It helps broadcast most important national and international news from various segments like Politics and Economy, Banking and Finance, Equity markets. It aims at acquainting students with the dynamic world changes and keeps them updated about the current events.
- GuruBhai: This was a live trading floor game. The participants had to buy and sell stock on the trading floor of specific companies just the way trading used to take place before the development of online trading. The event was an excellent learning experience of how actually buying and selling of stocks used to takes place in real world.
- Auctomania: In line with mixing fun with learning, this game tested participants' ability to manage their wealth in stressful situation. The game was in line with the IPL auction model where in teams were given a fixed budget and they had to bid for players to form a cricket team. The participating team with the highest value was the winner.
- Talk on India's Unfinished Fiscal Reforms: A talk on India's unfinished reforms was organized by SOFIA. The speaker was Prof. Arindam Das Gupta , a renowned Economist with Ph.d degree from Cornell University USA. Sir spoke about the various fiscal challenges faced by India and the various measures needed to overcome this problem.