Mumbai, 13, 2017: CFA Society India (Indian Association of Investment Professionals) announced Indian Institute of Management, Bangalore, Indian Institute of Foreign Trade, Delhi (IIFT) and Narsee Monjee Institute of Management Studies, Mumbai (NMIMS) as winners of the national final of its CFA Institute Research Challenge India.
Eight teams – Indian Institute of Management Bangalore (IIM B), Narsee Monjee Institute of Management Studies Mumbai (NMIMS), Indian Institute of Foreign Trade Delhi (IIFT), Indian School of Business Hyderabad (ISB), Jamnalal Bajaj Institute of Management Studies (JBIMS), Faculty of Management Studies (FMS), Indian Institute of Management Ranchi and Xavier School of Management (XLRI) – participated in the national final.
The panel of judges included Varun Gupta, Managing Director, Duff & Phelps in India, Vikas Khemani, President & CEO, Edelweiss Securities Limited, Mahesh Patil, Co-Chief Investment Officer, Equity Investments at Birla Sun Life Asset Management and Bhavesh Shah, Managing Director, JM Financial Group. The teams pitched their equity research on four companies – Havells, Page Industries, Thyrocare and PVR – in a brief, time-bound presentation followed by a rapid-fire round of grilling questions.
“Over the past 10 years, the CFA Institute Research Challenge India has evolved into the most aspirational equity research competition of its kind, with live environment equity research almost akin to the practical world. The rigour of research supported by quality professional mentors, the rigour of presenting to a fund manager, and undergoing the same grilling, is unmatched. The Research Challenge India also provides international exposure to a higher number of students since three teams advance to the Asia Pacific regionals,” said Kishor Bagri, CFA, Director, CFA Institute Research Challenge India.
The CFA Institute Research Challenge is a global educational initiative. Introduced in 2006, the annual competition – also considered as “the Investment Olympics” for students – aims to provide university students with an unparalleled experience of working with investment industry professionals and publicly traded companies to produce an equity research report, as well as to promote the best practices in research among the next generation of analysts.
IIMB, IIFT Delhi and NMIMS Mumbai will represent India at the Asia Pacific regional final from 14-15 March in Bangkok, Thailand. NMIMS will be hoping to repeat their 2013 run when they were crowned Asia Pacific regional final champions.
The first Research Challenge competition was hosted by the New York Society of Security Analysts in 2002 and involved just five teams from the New York area. Since then, the competition has grown to involve tens of thousands of students from over 900 universities in more than 75 countries.
For more information, visit www.iaipirc.org