Kuala Lumpur: The Malaysian Indian Transformation Unit (MITRA), in collaboration with Bursa Malaysia Bhd, is organising the 2024/2025 Investment and Shares Carnival Programme as an initiative to increase the equity holdings among the Indian community through stock investment. In a statement, MITRA said this collaboration aims to educate the public about safe investments as well as to encourage them to avoid falling victim to financial fraud schemes.

According to BERNAMA News Agency, the Shares Carnival is an interactive initiative designed to enhance public awareness on financial literacy, investment strategies, the stock market, and financial fraud. The event will feature exhibition booths by various government agencies, including the Implementation Coordination Unit (ICU) of the Prime Minister's Department, Bursa Malaysia, SOCSO (the Social Security Organisation), EPF (Employees Provident Fund), AKPK (Credit Counselling and Debt Management Agency), and several other agencies.

Additionally, the carnival will host lecture sessions by investment industry experts, offering visitors insights into current issues in the financial sector and opportunities to win lucky draw prizes. MITRA announced that the Shares Carnival will take place across nine states-Johor, Kedah, Kuala Lumpur, Melaka, Negeri Sembilan, Pahang, Perak, Penang, and Selangor-and is expected to benefit 4,500 members of the Indian community.

Meanwhile, MITRA and Bursa Malaysia are also organising the Malaysian Indian Investment Programme (MIIP) to empower Indians, aged 18 to 40, with investment skills. This programme aims to provide an understanding of stock market mechanisms and help participants identify investment strategies that align with their financial goals.

MIIP is divided into three levels - Beginner's Level (500 participants), Intermediate Level (300 participants), and Advanced Level (150 participants). The Advanced Level participants will also have the opportunity to undergo job placements in the financial investment sector.

Information regarding the organisation of the Shares Carnival in other states will be announced via MITRA's official social media. Applications to join MIIP 2024/2025 can be made through the link https://forms.gle/qloe1N54FLDqgha39 from Jan 21 to Feb 21, 2025.