52 premier business schools from 30 cities are participating in the 10thIndian edition of the global competition
Mumbai, December 22, 2016: CFA Society India (Indian association of Investment Professionals) has announced Narsee Monjee Institute of Management Studies and Jamnalal Bajaj Institute of Management Studies as winners of the Zone 4 (West) of its CFA Institute Research Challenge in India.
The six teams competing for the Zone 4 challenge were Jamnalal Bajaj Institute of Management Studies, Narsee Monjee Institute of Management Studies, National Institute of Industrial Engineering, Shailesh J. Mehta School of Management IIT Bombay, S.P. Jain Institute of Management and Research, and Symbiosis Institute of Business Management, Pune.
The teams pitched their equity research on PVR Limited, a publicly traded company, to a panel of senior industry practitioners in a brief time-bound presentation followed by a rapid-fire round of grilling questions. Visibly impressed by these young future investment industry professionals were Harsha Upadhyaya, CFA, Chief Investment Officer – Equity and Senior Executive Vice President at Kotak Mahindra AMC, Jayesh Shroff, Ex- Fund Manager – SBIMF and Naveen Sharma, CFA, Independent Management Consultant.
“Over the past 10 years, the CFA Institute Research Challenge India has grown to involve hundreds of students from 50+ business schools across 30 cities nationwide. This would not be possible without the support of industry professionals who mentor and judge the teams. Our collective and sustained effort has helped in building the next generation of investment professionals,” 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.
Narsee Monjee Institute of Management Studies and Jamnalal Bajaj Institute of Management Studies will now participate in the India finale of the Research Challenge, which will be organised in February in Mumbai. The winner of the India finale will represent India at the Asia Pacific regional final of the competition.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has over 147,000 members in 158 countries and territories, including 140,000 CFA charterholders, and 147 member societies. For more information, visitwww.cfainstitute.org.
About CFA Society India
CFA Society India, (previously known as the Indian Association of Investment Professionals / IAIP), was established in April 2005 as an association of local investment professionals consisting of portfolio managers, security analysts, investment advisors and other financial professionals. As one of the 147 CFA Institute member societies, CFA Society India connects local members to a global network of investment professionals. For more information, visit http://ift.tt/2i4GMHC
About CFA Institute Research Challenge
The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research and analyse a publicly traded company — sometimes even meeting face-to-face with company management. Each team writes a research report on their assigned company with a buy, sell, or hold recommendation and may be asked to present and defend their analysis to a panel of industry professionals
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.