The Dublin Institute of Technology Student Managed Fund (DIT SMF), is a one of a kind initiative within the Institute of Technology in Ireland. We come together to manage a real-life long equity only portfolio. The fund is run entirely by students with constant guidance from our Advisory team. We are a non-remunerated organisation, with a mission to giving back to the community. This fund focuses on promoting professionals who wish to develop key qualities that will enable them to gain a competitive edge in the investment industry in Ireland and Internationally.
Benefits for Students
- Provides an insight into ‘real world’ investing
- Shows employers a demonstrable interest in financial markets
- Roles are akin to real-life, high-profile positions such as Equity Analysts and Fund Managers
- Employers are increasingly looking for graduates with something above and beyond academic achievements
- This fund gives first-hand experience working in a financial environment
- Increases experience learning
- Develops critical thinking and risk management
One of the fundamental principles behind this project is the privilege of giving
back and building relationships with the community. Profits made from the fund will be split evenly. Half will be reinvested in our portfolio while the other half will be donated to charities and societies in the local area. The principal amount invested is crucial to the longevity of the fund and will remain in the portfolio indefinitely.
Audit and Governance
We understand the importance of auditing and governance when managing an investment fund. Our students in the BSc. Accounting and Finance and MSc. Accounting will assist with the audit of the fund on an annual basis at the end of the academic calendar year. This will be also independently performed by an audit firm, who are one of our leading sponsors.
We invest in equities, exchange traded fund instruments and bonds. However, our constitutional agreement does not permit us to short sell securities due to the inherent risks associated in this activity. Likewise, the fund does not invest in foreign exchange or cryptocurrencies.
Our aim is to integrate what is taught on some of programmes in DIT into real-life work scenarios for our students. We want our students who wish to hone in on their professional skills – be they related to accounting, investments and finance, marketing and PR, operational or management and leadership. We also seek advice and guidance from industry experts to host and led events, provide guest speakers and to give students a good insight into life in the accounting, finance, financial services and investment industries.
Our overall aim is to increase the interest in our fund, develop student’s critical thinking and professional skill sets as well and as creating a strategic relationship with some of Ireland’s largest financial services firms.
Dublin Institute of Technology – Strategic Objectives
The fund also coincides with DIT’s “Strategic Plan to 2019” which is to enhance students learning experience and to increase expectations from students, as they provide increasing contributions towards their own education. DIT’s objective is to ensure a high-quality, enriching successful student experience as part of a community, with a diversity of opportunities for student development to support career and life success and fulfillment. We firmly believe that the DIT SMF supports and develops this strategic objective.