Purdue
Student
Managed
Investment
Fund
A premier student-run fund managing real capital, delivering rigorous research, and developing the next generation of investment professionals.
Real capital.
Real research.
Real outcomes.
SMIF gives Purdue students the rare opportunity to manage actual investment capital under faculty mentorship. Our analysts apply institutional-grade frameworks to fundamental equity research — building skills that translate directly to careers in asset management, investment banking, and equity research.
Every semester, analysts pitch positions to the full fund. Accepted ideas enter the real portfolio. Rejected ideas come with feedback that sharpens the next pitch. This is the closest an undergraduate education gets to the actual job.
Learn about our process
Three pillars
of the fund
Investment Research
Bottom-up fundamental analysis across equity sector teams. Every pitch is defended live before the full investment committee — the same rigor as a professional fund.
Mentorship & Recruiting
Direct access to Purdue alumni at top investment banks, hedge funds, and asset managers — and structured preparation to compete for those seats.
Real Portfolio
Students vote on every position. Performance is benchmarked against the S&P 500 and reported quarterly. No simulations — real capital, real accountability.
Benchmarked against the S&P 500.
Reported every quarter.
Ready to invest
in your future?
Applications open each fall and spring semester. We’re looking for curious, rigorous students from every college at Purdue.