IIM Bangalore, win the coveted CFA Institute Research Challenge India Finals
Bangalore, 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 educationalinitiative. Introduced in 2006, the annual competition – also considered as“the Investment Olympics” for students – aims to provide university studentswith an unparalleled experience of working with investment industryprofessionals and publicly traded companies to produce an equity researchreport, as well as to promote the best practices in research among the nextgeneration of analysts.
IIMB, IIFT Delhi and NMIMS Mumbai will represent Indiaat the Asia Pacific regional final from 14-15 March in Bangkok,Thailand. NMIMS will be hoping to repeat their 2013 run when they were crownedAsia Pacific regional final champions.
Reminiscingtheir experience the winning teams said -
"How do youdescribe the journey in words that has already given you much more than youcould ask for? The learning has just kept on increasing and so has been thedetermination to work hard and win it all. The way CFA Society India organisedthis event in a smooth manner, supporting us whenever we had a query is alsocommendable. With an unadulterated exposure to the life of an equity analyst,this is the best opportunity to try and understand what the career entails."
“Thank you to CFA SocietyIndia for hosting the CFA Institute Research Challenge India which is anexciting and highly practical competition for any finance student. The constantguidance provided by the team in the form of assignment of veteran mentors andthe faculty mentors proved very useful in preparing our report andpresentation. We would especially like to thank the team for giving us anopportunity to interact with the veterans in the finance industry in the formof judges whose valuable feedback helped us improvise a lot in the finals andwas one of the major reasons for our victory in the finals.”